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ICMM, CharIN launch taskforce to resolve bottlenecks in rollout of zero-emission mining vehicle fleets

By: Creamer Media Reporter Updated 2 hours 54 minutes ago The challenge of electrifying mining haul truck operations has taken a step forward with the launch of the CharIN Mining Taskforce, a partnership between global organisations CharIN and the International council on Mining and Metals (ICMM). The partnership enables ICMM to address technical... →

Despite a bearish short-term view of platinum, long-term outlook remains strong

By: Darren Parker Updated 3 hours ago Although the outlook for the platinum market is "underwhelming" in the short to medium term, Impala Platinum (Implats) corporate affairs executive Emma Townshend has said the platinum group metals (PGMs) miner believes the long-term outlook is promising. The company, therefore, remains committed... →

Implats corporate affairs executive Emma Townshend

PTM completes infill drilling campaign as part of Waterberg mine plan update

By: Tasneem Bulbulia Updated 31 minutes ago Dual-listed Platinum Group Metals (PTM) reports that an infill drill campaign under way since November 2022, at the Waterberg project, located on the Northern Limb of the Bushveld Complex in South Africa, has been completed. All 16 planned T Zone boreholes and 16 planned F Zone boreholes have... →

Sibanye tying up New Century strings

By: Esmarie Iannucci Updated 7 hours ago Suitor Sibanye-Stillwater Resources has started the compulsory acquisition of the remaining shares in takeover target New Century Resources after gaining a 90% interest in the ASX-listed company. Sibanye-Stillwater in February launched a A$1.10 a share takeover offer for Australian zinc miner... →

Rare pink diamond goes to auction for more than $35m

By: Bloomberg Updated 5 hours ago An extremely rare diamond called The Eternal Pink is expected to fetch more than $35-million at a Sotheby’s auction, potentially breaking records as the most expensive price per carat ever to come to market. The 10.57 ct diamond will go on show in Hong Kong next week and later will be exhibited... →

A truck at the Damtshaa openpit mine in Botswana

Shanta posts higher output, profit for 2022

By: Marleny Arnoldi Updated 6 hours ago Aim-listed Shanta Gold finished the 2022 financial year with 18% higher gold production, at 65 209 oz, with strong operational progress having been made across all three of the company’s assets. Output came from the New Luika gold mine, in Tanzania, while the Singida gold project in the same... →

Syrah breaks production records

By: Esmarie Iannucci Updated 5 hours ago ASX-listed graphite miner Syrah Resources has reported record graphite production and sales for the 2022 financial year, with the company reporting a $106-million revenue, up from the $29-million generated in the previous financial year. The company on Thursday announced record annual graphite... →

Centamin’s 2030 decarbonisation roadmap focuses largely on Egypt project

By: Tasneem Bulbulia Updated 20 minutes ago Gold miner Centamin has published an interim decarbonisation roadmap to 2030, which targets a 30% reduction in its operational Scope 1 and 2 greenhouse-gas (GHG) emissions, excluding several further abatement opportunities which remain under review. This is a group target recognising that, at... →

Mining industry contributing towards sustainable water supply in the Northern Cape

By: Tasneem Bulbulia Updated 28 minutes ago Industry body the Minerals Council South Africa and its members in the Northern Cape have welcomed the completion of the first phase of a project to refurbish the Vaal Gamagara Water Supply Scheme (VGWSS) to ensure water is available to communities, mines, farms and other businesses in the... →

BHP and Rio chiefs talk green metals in post-Covid China visits

By: Bloomberg Updated 34 minutes ago Green metals are becoming a major focus for the bosses of the world’s top miners after visits to their biggest customers in China. BHP Group’s Mike Henry and Rio Tinto Group’s Jakob Stausholm both led company delegations to China this week, two of the highest profile names among a flow of global... →

Glencore makes strategic investment in Palladium One

By: Creamer Media Reporter Updated 43 minutes ago Canadian exploration and development company Palladium One on Thursday announced a C$4.25-million private placement financing with a subsidiary of commodities major Glencore. Pursuant to the placement, Palladium would issue 28.35-million shares at C$0.15 each. →

LME launches sweeping plan to revive nickel contract

By: Reuters Updated 57 minutes ago The London Metal Exchange (LME) on Thursday announced measures to revive its nickel contract after last year's trading chaos while also launching a consultation on moves to boost liquidity in electronic trading. The world's largest and oldest metals trading venue plans to work with China's... →

Dutch miner AMG bullish as it tightens grip on lithium supply chain

By: Reuters Updated 1 hour 14 minutes ago Dutch miner and lithium supplier AMG AMG.AS on Thursday forecast strong profitability as it cuts costs and tightens its grip on the supply chain of lithium, a key metal for electric vehicle batteries. Rising demand for electric vehicles (EVs) is pushing miners and carmakers to secure raw... →

Cabinet approves Bill to open power market

By: Bloomberg Updated 1 hour 26 minutes ago Cabinet approved a Bill on electricity regulation designed to clear the path for private generation projects and power trading. State-owned Eskom Holding has provided more than 90% of electricity used by the most industrialized nation on the continent for a century. The Electricity Regulation... →

Anglo Asian plans four new mines in Azerbaijan over next five years

By: Mariaan Webb Updated 1 hour 35 minutes ago Azerbaijan-focused Anglo Asian on Thursday unveiled a strategic plan to transform into a mid-tier gold and copper producer, setting out plans to double its production over the next five years. The company forecasts production of between 50 000 and 54 000 gold-equivalent ounces (GEO) in 2023,... →

The Gedabek mine in Azerbaijan

Equinox arranges $200m to fund Greenstone construction

By: Mariaan Webb Updated 5 hours ago Dual-listed Equinox Gold has a arranged up to $200-million in gold prepay and gold purchase and sale arrangements, providing the company with enhanced financial flexibility and additional cash liquidity to continue to fund its 60% interest for the construction of the Greenstone gold mine, in... →

Australia risks losing pole position in critical minerals race

By: Reuters Updated 5 hours ago Australia is at risk of losing its head start in critical minerals processing because it has not yet laid down a national strategy, even as other governments are splashing out incentives to grab market share and bolster security. Supplier of nearly half of the world's lithium, Australia is also... →

Hunt says UK must counter risks posed by US green subsidies

By: Bloomberg Updated 5 hours ago The UK government needs to protect domestic investment against the risks posed by US President Joe Biden’s massive package of green subsidies, and the government is working hard to devise appropriate measures, Chancellor of the Exchequer Jeremy Hunt said. Hunt on Wednesday hailed the... →

Jeremy Hunt

Australia's hydrogen potential worth billions - report

By: Esmarie Iannucci Updated 5 hours ago Australian hydrogen industry could be worth an estimated A$40-billion and could create as many as 72 000 jobs a year by 2040, a new report by National Energy Resources Australia (NERA) shows. The report, Powering Up: Seizing Australia's Hydrogen Opportunity by 2040, revealed that the hydrogen... →

Peabody reports fire at Shoal Creek mine

By: Mariaan Webb Updated 6 hours ago US-based coal miner Peabody on Wednesday reported that a fire had broken out at its Shoal Creek mine, in Alabama. All personnel have been safety evacuated from the mine, which employs 419 people. Peabody said that the incident remained subject to investigation and that it could not provide an... →

Antilles puts pricetag on La Demajagua

By: Esmarie Iannucci Updated 6 hours ago A revised scoping study for the La Demajagua precious metals project, in Cuba, has estimated a development cost of $86-million for the project. La Demajaguamine is expected to be developed in the near termgin a joint venture with the Cuban Government’s mining company, GeoMinera SA, with the... →

US and EU near critical minerals accord to unlock US subsidies

By: Bloomberg Updated 6 hours ago The European Union and the US are nearing an agreement on critical minerals that would provide EU companies access to some of the massive green subsidies offered in President Joe Biden’s Inflation Reduction Act (IRA). The deal will likely be similar to an agreement the US signed with Japan this... →

Mexican President proposes tougher mining laws, shorter concessions

By: Reuters Updated 6 hours ago The Mexican government's proposed overhaul of mining laws, including shorter concessions and tighter rules for permits, drew a quick warning from industry leaders who fear it could undermine the sector's growth prospects. President Andres Manuel Lopez Obrador offered the draft reform on Tuesday... →

Peru's Antamina mine life extension cost hiked to $2bn, CEO says

By: Reuters Updated 6 hours ago Peru's largest copper mine, Antamina, will spend $2-billion to extend the useful life of the deposit through 2036, up sharply from $1.6-billion previously planned, the company's CEO told Reuters on Wednesday. Antamina CEO Victor Gobitz said the new investment figure for Antamina, co-owned by... →

ADGSM reforms take effect

By: Esmarie Iannucci Updated 7 hours ago Reforms to the Australian Domestic Gas Security Mechanism (ADGSM) will come into effect on Thursday, giving the federal government more flexibility to use the mechanism, if needed, in the event of a material forecast shortfall in domestic gas supplies. Minister for Resources and Northern... →

A$15bn NRF passes muster

By: Esmarie Iannucci Updated 7 hours ago The federal government’s A$15-billion National Reconstruction Fund (NRF) will be established in law after the National Reconstruction Fund Corporation Bill passed the Senate. The NRF is a key part of ensuring Australia is a country that makes things. It will help Australia capture the... →

Miners lament passing of EPOLA Bill in Qld

By: Esmarie Iannucci Updated 7 hours ago The Queensland government this week passed the Environment Protection and Other Legislation (EPOLA) Bill, despite concerns from industry bodies. The government said that the new legislation provides greater certainty for the community and industry, including a change that would give the... →

Mincor puts aside guidance

By: Esmarie Iannucci Updated 7 hours ago Nickel miner Mincor Resources on Thursday withdrew its production guidance released earlier this month, after failing to reach an agreement with mining major BHP to amend an existing offtake agreement. The company told shareholders that Mincor has been combining ores from its Northern and... →

McPhillamys clears approval hurdle

By: Esmarie Iannucci Updated 7 hours ago The New South Wales Independent Planning Commission (IPC) has given final approval for the development of the McPhillamys gold project, 250 km west of Sydney. ASX-listed Regis Resources on Thursday told shareholders that the company was pleased with the final determination, and could now move... →

BHP Group seeks delay to Brazil dam court case

By: Reuters 29th March 2023 Mining group BHP Group BHP is seeking to delay a potential 36-billion pound ($44-billion) London lawsuit over Brazil's worst environmental disaster as it needs more time to prepare, the company's lawyers said on Wednesday. The world's biggest miner by market value is being sued by around 720 000... →

Newmont nets $179m in sale of Triple Flag shares

By: Mariaan Webb 29th March 2023 Global gold miner Newmont has sold its shares of Triple Flag Precious Metals for $179-million as part of the streamlining of its equity portfolio. Newmont acquired its equity interest in Triple Flag through the formation of a strategic partnership with Maverix Metals in 2018. Following Newmont’s... →

Mining in South Africa looks to solar, AI and chickens to go green

By: Reuters 29th March 2023 On the once bone-dry soil of a diamond mine in South Africa's central Free State province, Susan Masoha now harvests big bunches of tomatoes, eggplants and spinach. The former cleaner at the mine never expected to find new work at a regenerative farming project set up on the site - part of... →

Premier African Minerals completes Zimbabwe lithium plant, production imminent

By: Reuters 29th March 2023 Premier African Minerals said on Wednesday it had finished building a lithium processing plant at its Zulu mine in Zimbabwe and expected to start production of spodumene concentrate later this week. Spodumene is a lithium ore with high concentration of lithium, a key component in the production... →

Mining needs truth-and-reconciliation approach to ESG, says Rifle-Shot’s Naidoo

By: Martin Creamer 29th March 2023 Mining companies need to approach environmental, social and governance (ESG) principles on a truth and reconciliation footing and be honest about where they are on a scale of one to 10, says Rifle-Shot Performance business development director Dilley Naidoo. Naidoo, who spoke to Mining Weekly on... →

Rifle-Shot’s Dilley Naidoo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Ironveld FCF buyout now unconditional

By: Creamer Media Reporter 29th March 2023 Aim-listed Ironveld reports that its subsidiary Ironveld Smelting's acquisition of Ferrochrome Furnaces (FCF), in Rustenburg, South Africa, has become unconditional. FCF will, in accordance with the Companies Act of South Africa, be taken out of business rescue in the coming days and the... →

Flagship Thorny River project to start operating later this year

By: Marleny Arnoldi 29th March 2023 After having experienced teething issues, plant delivery delays and adverse weather, Aim-listed Botswana Diamonds (BOD) has finally started producing diamonds from the Marsfontein project, in South Africa. The company has been focused on bringing two operations – Marsfontein and Thorny River –... →

BME expands its footprint with Indonesian JV

By: Creamer Media Reporter 29th March 2023 Mining and explosives solutions provider BME – a subsidiary of Omnia Holdings – has signed a conditional sale and purchase of shares agreement (CSPA) with Multi Nitrotama Kimia (MNK), an Indonesian provider of explosives and blasting services. The two companies will form a joint venture (JV),... →

CAML in good position to grow through acquisition

By: Mariaan Webb 29th March 2023 Base metals miner Central Asia Metals Limited (CAML), which operates in Kazakhstan and North Macedonia, is continuing efforts to expand and CEO Nigel Robinson says the company is in a good position to grow through acquisition. Last year, the company appraised 40 opportunities, signed... →

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