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Retiring Glasenberg handing over Glencore reins to Gary Nagle 

By: Martin Creamer     4th December 2020 Glencore CEO Ivan Glasenberg announced on Friday that he would be handing over the reins of the global mining and marketing company in mid-2021 to top Glencore executive Gary Nagle, who has served the company for more than two decades and is well-known in South Africa, where he ran Glencore’s... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle
Gary Nagle, who will be taking over in mid-2021 from retiring Ivan Glasenberg, who has served Glencore with distinction.

Glencore spells out emission-reduction pathway to 2050 

By: Martin Creamer     4th December 2020 Diversified mining and marketing company Glencore on Friday announced its ambition to be a net-zero emissions company by 2050. Glencore set out the pathway towards reducing its total emissions footprint by 40% by 2035, taking in Scope 1, 2 and 3. 

Glencore spells out emission-reduction pathway to 2050
Photo by Bloomberg
Ivan Glasenberg, who is handing Glencore reins to Gary Nagle.

Vedanta's Gamsberg mine stays shut as search continues for trapped worker 

By: Reuters     4th December 2020 South Africa's Gamsberg zinc mine remains shut while owner Vedanta Zinc International (VZI) continues to search for a worker trapped underground following a rockfall on November 17, the company said on Friday. "The rescue and recovery team are working hard on ensuring the operation is... 

Wescoal focus shifts to cost-savings as mining operations stabilise

By: Marleny Arnoldi     4th December 2020 JSE-listed coal miner, trader and supplier Wescoal has managed to generate a net profit of R11-million in the six months ended September 30, despite the impact of Covid-19, low growth and a low price environment. The company reported a loss of R51-million in the corresponding six-month period.  

Wescoal focus shifts to cost-savings as mining operations stabilise
Photo by Creamer Media
Wescoal's Elandspruit mine

Kumba’s 2020 output to be at lower-end of guidance

By: Tasneem Bulbulia     4th December 2020 JSE-listed Kumba Iron Ore is finishing 2020 in good shape, despite the unique challenges of Covid-19, CEO Themba Mkhwanazi said on Friday, announcing an updated guidance for South Africa’s largest iron-ore producer. Mkhwanazi indicated that to ensure the value chain was balanced, and finished... 

Kumba’s 2020 output to be at lower-end of guidance
Kumba CEO Themba Mkhwanazi

Copper surges as fears build for post-pandemic shortage

By: Reuters     4th December 2020 Copper in London hit the highest in more than seven years amid deepening concerns that miners will struggle to match demand as a global recovery bolsters this year’s China-driven boost. The metal used in wires and cables is on the cusp of a fifth weekly advance, in a powerful rally fueled by... 

Copper surges as fears build for post-pandemic shortage

BlueRock recovers 12.6 ct diamond from Kareevlei

By: Tasneem Bulbulia     4th December 2020 Aim-listed BlueRock Diamonds has recovered a 12.6 ct diamond from its Kareevlei diamond mine in the Kimberley region of South Africa. Executive chairperson Mike Houston said on Friday that the discovery was “exceptional”. 

Exxaro partners with local municipality, other miners to establish an EDC for entrepreneurs

By: Simone Liedtke     4th December 2020 Diversified miner Exxaro Resources has partnered with the Steve Tshwete local municipality and mining companies Arnot OpCo, Anglo American Coal South Africa and Glencore to establish an enterprise development centre (EDC) for local entrepreneurs in the Mhluzi township, in Middelburg, Mpumalanga.... 

Exxaro partners with local municipality, other miners to establish an EDC for entrepreneurs

Gemfair shifts focus to support small-scale miners during Covid-19

By: Donna Slater     4th December 2020 Diamond miner De Beers’ artisanal and small-scale miner (ASM) global market promotion platform Gemfair responded to the Covid-19 pandemic by mobilsing its Kono, Sierra Leone-based team to develop and roll out an extensive response plan to the pandemic. The response was focused on providing food... 

Public hearing participant questions Nersa mandate in evolving electricity market

By: Donna Slater     4th December 2020 The National Energy Regulator of South Africa was outdated, and regulation changes were needed to bring it in line with current trends, the only respondent to public hearings into gold miner Gold Fields' application to build a 40 MW solar plant near its mine in Westonaria said on Thursday. Brian... 

Investments, copper, Chinese trade relations make headlines  

4th December 2020 Mining Weekly Editor Martin Creamer unpacks mining companies going all out for investors, a bull market in copper is now firmly under way and South Africa’s buoyant trade relations with China.   

Investments, copper, Chinese trade relations make headlines

Vedanta Resources bonds slide after downgrade deeper into junk

By: Bloomberg     4th December 2020 Vedanta Resources dropped in the bond market after a credit rating cut deeper into junk territory by Moody’s Investors Service. The miner’s 2026 dollar note fell 4.8 cents on the dollar to about 58 cents, the biggest drop since October 12, Bloomberg-compiled prices show. Moody’s lowered its... 

Horizonte expects to conclude financing by mid-2021

By: Marleny Arnoldi     4th December 2020 TSX- and Aim-listed Horizonte Minerals reports that the Araguaia nickel project, in Brazil, is steadily moving towards construction, with the company having completed the value engineering phase. This phase included improvements made to the plant design and flow sheet to optimise the project’s... 

Horizonte expects to conclude financing by mid-2021

Nickel Mines raises first A$275m

By: Esmarie Iannucci     4th December 2020 ASX-listed Nickel Mines has successfully completed the institutional component of its A$364-million equity raising. The company on Friday announced that the institutional entitlement offer raised some A$275-million, at 94c a share, and was well supported by institutional shareholders with a... 

Calidus consolidates landholding in WA

By: Esmarie Iannucci     4th December 2020 Gold developer Calidus Resources has entered into a farm-in agreement giving it the right to earn up to a 75% interest in an exploration tenement some 75-km from its Warrawoona gold project, in Western Australia. The tenement is also located immediately along strike of the Blue Spec gold mine,... 

Explorer Tempus to list in Canada

By: Esmarie Iannucci     4th December 2020 Junior explorer Tempus Resources will start trading on the TSX-V on December 7, under the symbol TMRR. “Listing on the TSX-V exchange is a key part of our strategy to further open up investment in the company and access capital from North America, in particular,” said MD Brendan Borg on Friday.... 

Mining a mainstay in Qld - Minister

By: Esmarie Iannucci     4th December 2020 The Australian Petroleum Production and Exploration Association (Appea) has welcomed Queensland’s newly appointed Resources Minister Scott Stewart’s endorsement of the resources sector. In a speech to Parliament, Stewart pointed out that the resources sector in Queensland employed nearly 73 000... 

Arcadia seeks JV partners or buyers for Wyoming prospect

By: Marleny Arnoldi     4th December 2020 Wyoming-based rare earths explorer Arcadia Minerals has asked EnerCom to assist in identifying potential joint venture (JV) partners or buyers for its properties. Arcadia owns two proven resource blocks on 1 133 ha located in Wyoming, containing zirconium, titanium and rare earths.  

Arcadia seeks JV partners or buyers for Wyoming prospect
Rare earth oxides

US Senate committee approves Bill for uranium reserve

By: Creamer Media Reporter      4th December 2020 The US Senate Committee on Environment and Public Works (EPW) has approved the bipartisan Bill that includes a yearly programme for a national strategic uranium reserve EPW Senate committee chairperson Senator John Barrasso stated on Thursday that the American Nuclear Infrastructure Act would... 

US Senate committee approves Bill for uranium reserve

WA implements new diesel standards

By: Esmarie Iannucci     4th December 2020 Western Australian miners would now have to ensure that diesel particulate matter (DPM) does not exceed 0.1 milligrams per cubic metre of air in the workplace, after the state government made changes to the workplace exposure standards. While mine operators were previously encouraged to ensure... 

Carrapateena meets milestone

By: Esmarie Iannucci     4th December 2020 Copper miner Oz Minerals has completed the ramp-up of its Carrapateena mine, in South Australia, reaching a mine production rate of 4.25-million tonnes a year during November. “While the mill achieved nameplate capacity in March, the mine production ramp-up has continued throughout the year and... 

Wiluna raises cash for WA gold hunt

By: Esmarie Iannucci     4th December 2020 ASX-listed Wiluna Mining is hoping to raise A$24.55-million through a share placement and share purchase plan (SPP) to fund its gold works in Western Australia. The company on Friday announced that it would place more than 15.77-milion shares to international and domestic institutional and... 

Trump sets Jan 6 auction of Arctic Refuge drilling rights

By: Bloomberg     4th December 2020 The Trump administration announced it will sell oil drilling rights in the Arctic National Wildlife Refuge on January 6 -- an auction that would complicate President-elect Joe Biden’s vow to “permanently protect” the rugged reserve in northeast Alaska. A formal “notice of sale” is set to be... 

Trump sets Jan 6 auction of Arctic Refuge drilling rights

Appea report warns of gas reservation issues

By: Esmarie Iannucci     4th December 2020 A new report commissioned by the Australian Petroleum Production and Exploration Association (Appea) has warned that a gas market intervention in Australia could risk investment and supply in the sector. Undertaken by EnergyQuest, the report examined the gas market policies of 20 major... 

Appea report warns of gas reservation issues

Permitting steps for GoldStone's Ghana mine progressing

By: Tasneem Bulbulia     3rd December 2020 Aim-listed GoldStone Resources has received notice that the Ghanaian Ministry of Lands and Natural Resources (MLNR) has recommended the granting of an expanded mining lease in respect of the Akrokeri-Homase gold project and  it is now subject to ratification by the relevant Ghanaian Ministerial... 

Report finds mining companies prioritise community wellbeing over energy targets

By: Marleny Arnoldi     3rd December 2020 Law firm Hogan Lovells’ latest 'Future of Mining' report finds that two-thirds of mining companies have developed community impact programmes as part of their sustainability policies. These programmes are typically focused on jobs, transport and clean water.  

Investment in green hydrogen production to exceed $1bn by 2023 − IHS Markit 

By: Marleny Arnoldi     3rd December 2020 Investment in the production of hydrogen powered by renewable sources, or green hydrogen, is likely to exceed $1-billion by 2023, says research agency IHS Markit. The agency attributes an elevated investment outlook to falling costs and policy support from governments that are looking to shift... 

Kenmare nears grid-connected operations, startup of pump system

By: Marleny Arnoldi     3rd December 2020 London-listed Kenmare Resources expects operations at its Pilivili deposit, at the Moma titanium minerals mine, in Mozambique, to be running on grid power before the end of the year, after having been run on diesel-powered generators during its recommissioning. This while the project’s heavy... 

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers 

By: Donna Slater     3rd December 2020 Although lockdowns across the world have had a significantly negative impact on diamond sales, demand is beginning to gain traction again as the industry nears the popular Christmas selling season and certain regions emerge from months-long strict lockdowns, says De Beers CEO Bruce Cleaver.... 

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers
Photo by Creamer Media's Donna Slater
De Beers' Venetia open-pit diamond mine

Exxaro output, sales for the year on par with last year despite dampened markets

By: Marleny Arnoldi     3rd December 2020 In a pre-close update provided on December 3, JSE-listed diversified miner Exxaro Resources said the easing of Covid-19 lockdowns around the world in the latter part of the year had helped to increase coal offtake volumes in both the domestic and international markets. FD Riaan Koppeschaar... 

Exxaro output, sales for the year on par with last year despite dampened markets
Photo by Creamer Media's Donna Slater
Exxaro FD Riaan Koppeschaar

Glencore, China’s GEM extend strategic cobalt partnership 

By: Martin Creamer     3rd December 2020 Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by another five years. Both companies have also formally embedded responsible sourcing and sustainability into the contractual relationship. 

Glencore, China’s GEM extend strategic cobalt partnership
Glencore CEO Ivan Glasenberg

Northern Dynasty to appeal Army Corp’s Pebble decision

By: Mariaan Webb     3rd December 2020 Canadian firm Northern Dynasty on Thursday announced that its US-based subsidiary, Pebble Limited Partnership, would appeal the US Army Corps of Engineers’ (USACE's) issuance last week of a negative record of decision (RoD) for the proposed Pebble mine in south-west Alaska. The RoD issued by the... 

Northern Dynasty to appeal Army Corp’s Pebble decision

Mkango sends rare earths samples for testwork

By: Marleny Arnoldi     3rd December 2020 Aim-listed Mkango Resources’ Malawian subsidiary has completed an extensive hand-auger drilling and soil sampling programme to identify rutile prospects within the 869 km2 Mchinji licence, in Malawi. The samples have been transported to a specialist assay laboratory Scientific Services in Cape... 

BHP says copper output needs to double in 30 years, criticises pricing system

By: Reuters     3rd December 2020 Copper production must double in the next 30 years to meet demand driven by global trends towards decarbonisation and electrification, a senior BHP executive said on Thursday. Copper, widely used in power and construction, is well placed to benefit from the decarbonisation targets of some the... 

BHP says copper output needs to double in 30 years, criticises pricing system

China to allow Australian coal cargo ashore despite ban

By: Reuters     3rd December 2020 China is set to allow a shipment of Australian coal into the country, according to a person familiar with the matter, despite a ban on such imports remaining in place as tensions between Beijing and Canberra escalate. A cargo of 135 000 tons of Australian thermal coal on the vessel Alpha Era,... 

China to allow Australian coal cargo ashore despite ban

Kamoa-Kakula stockpile building up ahead of July 2021 production start

By: Marleny Arnoldi     3rd December 2020 TSX-listed Ivanhoe Mines has announced that underground development at the Kamoa-Kakula copper project, in the Democratic Republic of Congo, produced a combined 250 000 t of ore, grading 4.85% copper, in November. This tonnage from the Kakula and Kansoko mines was 29% higher than the volumes... 

Australian inquiry into sacred cave destruction seen recommending mining reforms

By: Reuters     3rd December 2020 An Australian inquiry into Rio Tinto's destruction of ancient rock shelters is likely criticise the miner's procedures and recommend legal and sector reforms when it issues its findings next week, according to legal, Indigenous and mining sources. The inquiry into the lawful destruction of the... 

Woodside takes FAR's Senegal interest

By: Esmarie Iannucci     3rd December 2020 Australian oil and gas producer Woodside has exercised its rights over the Rufisque offshore, Sangomar offshore and Sangomar deep offshore (RSSD) contract area, offshore Senegal, pre-empting joint venture (JV) partner FAR’s sale of its interest in the project. FAR in November announced that it... 

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