R/€ = 17.10 Change: 0.01
R/$ = 16.75 Change: 0.05
Au 1742.63 $/oz Change: -25.48
Pt 873.00 $/oz Change: 5.50

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Good-to-do R2.5bn Mogale Gold project an all-round win-win – Pan African  

By: Martin Creamer     6th July 2022 If Pan African Resources is able to work with all stakeholders to get the long-life, high-margin, safe and sustainable R2.5-billion Mogale Gold surface tailings project going, it will be to the benefit of its business, local communities and the entire Mogale area. “It’s the sort of project that's... 

Pan African CEO Cobus Loots interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Genmin strikes deal with Anglo American in Gabon

By: Esmarie Iannucci     Updated 3 hours ago ASX-listed Genmin has struck a royalty agreement with diversified major Anglo American, in relation to its Baniaka iron-ore project, in Gabon. Under the terms of the agreement, Anglo American will pay $10-million to Genmin subsidiary Gabon Iron Ore (GIOL) in consideration for the grant of a... 

AngloGold appoints Kramer as interim CFO

By: Creamer Media Reporter      Updated 2 hours 37 minutes ago Gold miner AngloGold Ashanti has announced that senior VP of group finance Ian Kramer has been appointed interim CFO, following the early retirement of Christine Ramon on June 30. A comprehensive international search process for a permanent CFO is well advanced, the miner adds. 

Pensana to use offshore wind to produce ‘ultra-low carbon’ magnet metal

By: Marleny Arnoldi     Updated 1 hour 24 minutes ago London-listed Pensana has signed a letter of intent with Yorkshire Energy Park (Yep) which ensures access to between 4 MW and 10 MW of low-carbon electricity. Pensana will use the low-cost and resilient supply of low-carbon electricity to power the Saltend rare earth separation facility and... 

Wind turbines

TFR offers deed of amendment to lift force majeure on coal exporters

By: Schalk Burger     6th July 2022 State-owned Transnet Freight Rail (TFR) is encouraging coal export parties to sign a deed of amendment for the remaining term of a long-term agreement, which expires in March 2024, to lift its force majeure on them, which was declared owing to a severe shortage of operational locomotives.... 

Coal being transported to port by TFR

Commodities have lost 20% since June’s peak amid recession fears

By: Bloomberg     Updated 1 hour 53 minutes ago A key commodities gauge has plummeted since reaching an all-time high a month ago as recession fears ravage what was one of the most resilient corners of the market. The Bloomberg Commodity Spot Index, which tracks 23 energy, metal and crop futures contracts, has lost more than 20% after... 

Cable theft disrupts coal deliveries by rail to Majuba power station

By: Schalk Burger     6th July 2022 Cable theft has critically constrained the delivery of coal by rail to the Majuba power station, as the portion of the rail network owned by State-owned power utility Eskom that feeds directly into Majuba has been severely damaged by the theft of overhead cables and critical overhead track... 

Gold teeters above $1 800 as lower yields counter dollar strength

By: Reuters     4th July 2022 Gold inched higher in choppy trade on Monday, as weakness in Treasury yields kept prices above the $1 800 mark and marginally outweighed pressure stemming from an elevated US dollar. Spot gold was up 0.1% at $1 811.76/oz, as of 05:44 GMT. US gold futures rose 0.7% to $1 813.70. Bullion prices... 

NPC calls for declaration of ‘energy emergency’ to facilitate rapid building of generation and storage over 24 months 

By: Terence Creamer     6th July 2022 The National Planning Commission (NPC) has called for the declaration of an ‘energy emergency’ to override any red tape currently preventing the construction of new electricity capacity, as well as to make it possible to build 10 000 MW of new generation and 5 000 MW of new storage capacity over... 

Wind and solar installations

BlueRock signs loans note subscription agreement for £1.6m

By: Tasneem Bulbulia     6th July 2022 Aim-listed BlueRock Diamonds has signed a loan note subscription agreement with Teichmann Company, T-Three-Drilling and three Teichmann employees, for an aggregate £1.6-million. Under the subscription agreement, BlueRock will initially issue a £1-million simple loan note (SLN) to Teichmann... 

Deep-South says final hearing over Haib copper licence to be held early in Oct

By: Marleny Arnoldi     6th July 2022 Dates for the final hearing between TSX-V-listed Deep-South Resources and the Namibian Ministry of Mines and Energy has been set for October 3 and 4. During a case management meeting on June 30, which served to prepare for the final hearing, the High Court of Namibia ordered Deep-South’s... 

Worley acquires Australian sustainable mining solutions company

By: Marleny Arnoldi     6th July 2022 Global engineering, procurement and construction provider Worley has acquired technical solutions provider Minera Mining Technology. The two companies have a long-standing relationship in having worked together several times in the last 16 years.  

Platinum demand to benefit from green hydrogen uptake in aviation

By: Marleny Arnoldi     6th July 2022 Sustainable aviation fuels (SAFs) based on renewable energies and green hydrogen are the way of the future for sustainable flying, says Siemens Energy, which has partnered with energy supplier Uniper, petrochemicals company Sasol and aircraft manufacturer Airbus to launch the Green Fuels Hamburg... 

Barrick highlights sustainable value creation at Kibali in the DRC

By: Tasneem Bulbulia     6th July 2022 NYSE- and TSX-listed Barrick Gold says the Kibali gold mine’s investment in the Democratic Republic of Congo now exceeds $4-billion and has created a “thriving regional economy in a remote part of the country through partnering with and mentoring local entrepreneurs, uplifting host communities... 

Akobo Minerals secures first phase of Segele project financing

By: Tasneem Bulbulia     6th July 2022 Scandinavian gold exploration and boutique mining company Akobo Minerals has secured a convertible loan of NKr49.18-million, or about $5-million, to fund the first phase of the Segele mining operation in Ethiopia. The remaining $7-million for the final phase of the project is contemplated to be... 

Cora completes, submits ESIA for Mali project

By: Tasneem Bulbulia     6th July 2022 Aim-listed Cora Gold has completed and formally submitted its environmental- and social-impact assessment (ESIA) for its flagship Sanankoro gold project, in Mali, to the authorities for approval. The ESIA was completed by environmental consultants Digby Wells Environmental in alignment with the... 

Automakers ramping up investments into upstream nickel, cobalt

By: Darren Parker     6th July 2022 Market research firm Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says automakers are increasing their upstream investments and supply contracts to secure enough battery metals, such as lithium, cobalt and battery-grade nickel, to drive forward their respective electric... 

Lithium ion batteries

Bridgestone Southern Africa appoints Carl Martins as mining services executive manager

By: Schalk Burger     6th July 2022 Tyre and mobility multinational Bridgestone Southern Africa has appointed Carl Martins as Mining Services executive manager with effect from July 1. His priority will be to ensure Bridgestone delivers value to its customers in the mining sector, as well as the surrounding communities. 

Bridgestone Southern Africa mining services executive manager Carl Martins
Bridgestone Southern Africa mining services executive manager Carl Martins

Iron-ore hits 2022 low

By: Reuters     6th July 2022 Iron-ore slumped on Wednesday to its lowest level this year in Singapore as China faces fresh Covid-19 flare-ups in several areas including Shanghai, stoking concerns over further lockdowns in the world's biggest steel producer. Growing prospects of a global recession also weighed on most... 

Iron-ore hits 2022 low

Copper crash deepens as recession fears dominate metals trading

By: Bloomberg     6th July 2022 Copper extended a sharp retreat after the economic bellwether suffered one of its worst days since the depths of the pandemic in 2020 on growing fears of a global recession. Investors are fretting over a range of threats to demand, from Europe’s gas crisis to a US slowdown and renewed virus... 

Copper crash deepens as recession fears dominate metals trading

Copperstone expects enviro permit decision before year-end

By: Marleny Arnoldi     Updated 1 hour 9 minutes ago Sweden-based Copperstone Resources has received feedback from the Land and Environmental Court at Umeå District Court and various consultation bodies, on additions to its environmental permit application for reopening the Viscaria copper mine, in Kiruna. After reviewing this feedback,... 

White-hot metal market cools in warning for global economy

By: Bloomberg     Updated 1 hour 57 minutes ago A white-hot corner of the aluminum market that for months defied a broader slide in metal prices is finally slumping, flashing a warning that major industrial economies are stumbling toward a recession. While commodity-grade aluminum ingots have been tumbling since March on the London Metal... 

Valentine’s ‘highest-in-grade, best-in-quality' resource reported

By: Creamer Media Reporter      Updated 2 hours 12 minutes ago Gold project developer Marathon Gold is considering the opportunities offered by the updated mineral resource estimate for the Valentine project, in central Newfoundland. The Marathon project’s total measured and indicated mineral resources increased to four-million ounces (64.6-million tonnes... 

Sovereign weighs offtake deal with Mitsui

By: Esmarie Iannucci     Updated 2 hours 53 minutes ago ASX- and Aim-listed Sovereign Metals has struck a non-binding memorandum of understanding (MoU) with Japanese trader with Mitsui & Co to establish a marketing alliance and offtake for 30 000 t/y of natural rutile from the Kasiya rutile project, in Malawi. Under the MoU, the two companies will... 

Qld's battery boom gets going

By: Esmarie Iannucci     Updated 3 hours ago Construction has started on Australia’s Australia’s first, large-scale iron flow battery manufacturing facility, in Queensland. Deputy Premier and State Development Minister Steven Miles said the $70 million, state-of-the-art big battery manufacturing centre is being developed by Energy Storage... 

UK leaves door open for coal comeback in bid to keep lights on

By: Bloomberg     Updated 3 hours ago The UK is set to water down one of its key climate change policies as it battles soaring energy prices that have contributed to a cost-of-living crisis for millions of consumers. Last year the government pledged to close all of Britain’s unabated coal-fired power plants by October 2024 -- and... 

Karlawinda sets record - Capricorn Metals

By: Esmarie Iannucci     Updated 3 hours ago ASX-listed Capricorn Metals has reported record gold production for the June quarter, following the first full year of operations at its Karlawinda gold project, in Western Australia. Capricorn produced 32 018 oz of gold in the June quarter, with Karlawinda producing 118 432 oz for the full year... 

Kingstone secures funding for Mineral Hill

By: Esmarie Iannucci     Updated 3 hours ago ASX-listed Kingston Resources has secured a A$10-million debt facility with PURE Asset Management to fund growth initiatives at the Mineral Hill gold/copper project, in New South Wales. The funding will be provided in two tranches, including an immediate A$5-million, followed by a second... 

Dalgaranga hits the mark in 2022

By: Esmarie Iannucci     Updated 3 hours ago Gold miner Gascoyne Resources has hit its 2022 production target at the Dalgaranga mine, in Western Australia, producing 71 153 oz of gold in the 12 months to June. The full year production result was in line with the previous guidance of between 70 000 oz to 75 000 oz of gold. 

Lundin Gold guidance on track despite Ecuador protests

By: Mariaan Webb     Updated 3 hours ago Canada-based Lundin Gold’s operations were largely unimpacted by the recent national protest in Ecuador, but gold shipments and sales have been impacted by blockades on major highways. In the second quarter, Fruta del Norte produced 111 890 oz, up from the 108 799 oz produced a year earlier.... 

BCI delays salt sales from Mardie

By: Esmarie Iannucci     Updated 3 hours ago Potash developer BCI Minerals has pushed out the first sales from its Mardie salt and potash project from the fourth quarter of 2024 to the second half of 2025. BCI in April warned of cost blow-outs at the Mardie project, in the Pilbara, only days after starting construction.  

Image shows raw potash ore

Pitarrilla acquisition elevates Endeavour portfolio

By: Mariaan Webb     Updated 5 hours ago Precious metals miner Endeavour Silver has completed the acquisition of the Pitarrilla project from SSR Mining and will immediately work on verifying historical data to prepare a current mineral resource estimate, CEO Dan Dickson reported on Wednesday. A $1.8-million budget is set aside for... 

Peru copper output drops 11.2% in May after stoppage at key mine

By: Reuters     Updated 5 hours ago Peru said on Wednesday that its copper output fell 11.2% in May from a year-ago after a stoppage at its Las Bambas mine and lower quality production in other deposits. Output from the world's second biggest copper producer totaled 174 258 t in May, while output in the first five months of the... 

Canada Nickel mineral resources grow larger with more nickel finds

By: Marleny Arnoldi     6th July 2022 TSX-V-listed Canada Nickel Company has more than doubled the measured and indicated mineral resources of its Crawford nickel sulphide project, in Ontario, to 1.43-billion tonnes grading 0.24% nickel. The updated mineral resource estimate (MRE) for the project, which was published on July 6, was... 

NMG feasibility study reveals attractive economics for integrated graphite projects

By: Tasneem Bulbulia     6th July 2022 NYSE- and TSXV-listed Nouveau Monde Graphite's (NMG's) feasibility study for its integrated business operation, comprising of the Phase-2 Matawinie mine and Bécancour battery material plant projects, has demonstrated strong economics for NMG’s model. This comes as the battery and electric vehicle... 

NMG feasibility study reveals attractive economics for integrated graphite projects

Scully Royalty puts $4m into Labrador Iron Mines

By: Mariaan Webb     6th July 2022 NYSE-listed merchant bank Sculley Royalty has made a $4-million strategic investment in OTC-listed Labrador Iron Mines (LIM) and will collaborate with the company to advance the Houston project with the aim of delivering a preliminary feasibility study (PFS) next year. “Sculley’s strategic... 

Resources Watch 

6th July 2022 This week: Mine haulage transition to electric offered without disruption; and, Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90% 

Resources Watch

Anglo Asian portfolio pivoting towards copper

By: Mariaan Webb     6th July 2022 The Azerbaijan Parliament has ratified amendments to Anglo Asian’s production sharing agreement, granting the company three new contract areas over a combined area of 882 km2. The Parliamentary ratification legally granted the company the three new contract areas that it was awarded in September... 

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