R/€ = 19.8416 Change: -0.0173
R/$ = 18.1811 Change: -0.1223
Au 1979.23 $/oz Change: 9.40
Pt 985.30 $/oz Change: 12.88

Email me free daily news

Email address

Consortium to develop green corridor for shipping South African iron to Europe 

By: Darren Parker     22nd March 2023 A new consortium is set to explore the options for developing a maritime green corridor for the zero-emission shipping of iron-ore between South Africa and Europe, the Global Maritime Forum (GMF) announced on March 22. This initiative is the first of its kind from Africa and is a step forwards in... 

The Saldanha Bay iron-ore terminal
The Saldanha Bay iron-ore terminal

RMB acquires 25% stake in South African electricity trading platform 

By: Terence Creamer     22nd March 2023 First Rand’s Rand Merchant Bank (RMB) has acquired a 25% stake in Remgro’s Ubiquity Energy platform, the holding company of Energy Exchange, which is an electricity trader licensed by the National Energy Regulator of South Africa. The value of the acquisition has not been disclosed. 

Power line

Glencore set to lose crown as top cobalt miner to China's CMOC

By: Bloomberg     22nd March 2023 A Chinese miner is set to overtake Glencore as the world’s top cobalt producer this year, as the rush for critical green-energy metals intensifies. The challenger to Glencore’s dominant position is CMOC, which first became a major player in the cobalt market when it acquired the Tenke Fungurume... 

Huayou starts trial production at Zimbabwe lithium mine, invests in Namibian project

By: Reuters     22nd March 2023 Chinese battery minerals producer Zhejiang Huayou Cobalt said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe. Huayou, one of the biggest cobalt producers in the world, acquired Arcadia from Australia-listed Prospect Resources PSC.AX and its... 

Black Rock a step closer to rail solution for Mahenge

By: Esmarie Iannucci     Updated 1 hour 59 minutes ago Graphite developer Black Rock Mining on Thursday announced the signing of a non-binding memorandum of understanding (MoU) with the Tanzania Zambia Railway Authority (Tazara) to collaborate on graphite haulage from the proposed Mahenge project, by existing railway to the port of Dar es Salaam.... 

Galileo expects Glenover disposal to be finalised by end-July

By: Marleny Arnoldi     22nd March 2023 London-listed Galileo Resources has advised that the South African Competition Commission has granted approval for Galileo to sell all shares in its 36%-owned Glenover Phosphate subsidiary to diversified miner Afrimat for R300-million, or £13.3-million. The remaining suspensive conditions for... 

Kenmare reports ‘record year’ in 2022 financial results

By: Darren Parker     22nd March 2023 London-listed titanium minerals and zircon producer Kenmare Resources MD Michael Carvill says the company’s preliminary results for the 12 months to December 31, 2022, were driven by steady production volumes and record product prices, which saw the company’s mineral product revenues increase by... 

Black Rock making inroads at Mahenge

By: Esmarie Iannucci     22nd March 2023 ASX-listed Black Rock Mining is targeting first production from its Mahenge graphite project, in Tanzania, in the 2024 calendar year. Speaking at the second day of the Paydirt Battery Minerals conference, Black Rock MD and CEO John de Vries said the debt process for Mahenge was well advanced,... 

LME finds some nickel underlying its contracts is missing

By: Bloomberg     20th March 2023 The London Metal Exchange has discovered bags of stones instead of the nickel that underpinned a small handful of its contracts at a warehouse in Rotterdam, in a revelation that will deliver another blow to confidence in the embattled exchange. The amount of metal represents just 0.14% of live... 

LME finds some nickel underlying its contracts is missing

Atlantic targets start date at Ewoyaa

By: Esmarie Iannucci     22nd March 2023 Lithium developer Atlantic Lithium is hoping to be in production at its Ewoyaa lithium project, in Ghana, within the next two years. Atlantic COO Keith Muller told delegates at the second day of the Paydirt Battery Minerals conference, in Perth, that the company was looking to complete front-end... 

Caracal announces new discovery of high-grade gold deposit in Kenya

By: Darren Parker     22nd March 2023 East African gold producer Caracal Gold has announced the discovery of a new high-grade zone above the current underground workings and above the areas drilled as part of the mineral resource estimate (MRE) on the Kilimapesa Hill deposit, in Kenya.  This comes in addition to the more than... 

Gold bounces to 1-yr high as banking sector concerns return to fore

By: Reuters     20th March 2023 Gold prices jumped 1% to their highest since March last year on Monday, erasing earlier losses, as worries about the global banking sector returned to the fore despite rescue efforts by Swiss lender UBS to buy peer Credit Suisse to stabilise broader financial markets. Spot gold was up 1% at $2... 

An image of mini gold bars

Norwegian, Egyptian companies to collaborate on green hydrogen projects in Egypt

By: Rebecca Campbell     22nd March 2023 Norway-based international independent risk management and assurance group DNV has signed a Memorandum of Understanding (MoU) with Egypt-based regional engineering-procurement-construction (EPC) group Petrojet, it announced on Tuesday. The MoU would reinforce their collaboration in the Egyptian... 

Banking turmoil will not be major hit to commodities finance - CFOs

By: Reuters     22nd March 2023 The recent rout in bank shares will not result in a significant hit to commodities finance for major trading firms, the chief financial officers of the biggest energy traders told the Financial Times Commodities Global Summit on Wednesday. Speaking at the event, the CFOs of Swiss traders... 

Tesla's vision of EVs without rare earths will spur magnet race

By: Bloomberg     20th March 2023 Tesla’s ambition to remove rare earths from future models has producers in the sector reeling, but it also should spur global efforts to deliver alternatives for electric car motors that currently rely on the materials. Model 3 and Model Y powertrains have already reduced consumption of heavy... 

Chile pushes new lithium extraction method in risk to future supply

By: Bloomberg     Updated 15 minutes ago Chile’s government plans to require all new lithium projects to tap a production technique that’s barely used commercially anywhere in a bid to reduce water losses. The requirement — mentioned by Mining Minister Marcela Hernando in a presentation Wednesday — may constrain future production in a... 

Deep-sea mining just lost its biggest corporate backer

By: Bloomberg     Updated 1 hour 27 minutes ago A growing number of countries are calling to delay plans to strip-mine the seabed for metals to make electric car batteries as US defense giant Lockheed Martin, the biggest corporate player in deep sea mining, exits the nascent industry. Last week’s sale of Lockheed’s UK Seabed Resources... 

FYI extends HPA production run

By: Esmarie Iannucci     Updated 1 hour 57 minutes ago Critical minerals junior FYI Resources has started an extended high purity alumina (HPA) production run from its wholly owned pilot plant in Perth, to support customer requests. The ASX-listed company on Thursday said it would also undertake specialised calcining testwork in post-production... 

Elizabeth Creek numbers prove up for Coda

By: Esmarie Iannucci     Updated 2 hours 1 minute ago A scoping study into the Elizabeth Creek copper/cobalt project, in South Australia, could produce some 25 000 t/y of copper and 1 000 t/y of cobalt over a mine-life of some 14 years. ASX-listed Coda Minerals on Thursday told shareholders that the development of Elizabeth Creek would be... 

BHP and Hatch team up on green steel

By: Esmarie Iannucci     Updated 2 hours 4 minutes ago Diversified miner BHP has partnered with global engineering firm Hatch to design an electric smelting furnace pilot (ESF) plant in support of a decision to construct this facility in Australia. The facility will aim to demonstrate a pathway to lower carbon dioxide (CO2) intensity in steel... 

Image shows BHP iron-ore operations

Core sells more lithium to Sichuan Yahua

By: Esmarie Iannucci     Updated 2 hours 6 minutes ago Newly minted lithium producer Core Lithium has struck an 18 500 t of spodumene concentrate offtake agreement with buyer Sichuan Yahua, with the spodumene to be supplied from the Finniss lithium project, in the Northern Territory. The new offtake agreement was in addition to the existing binding... 

Newmont gets Newcrest data access in gold takeover tussle

By: Bloomberg     22nd March 2023 Newmont has gained partial access to the corporate books of Australian rival Newcrest Mining, according to people familiar with the matter, a sign that the US company could make a revised offer to seal what would be the world’s largest gold takeover. Newmont is undertaking limited due diligence... 

Resources Watch 

22nd March 2023 This week: Re-pursue exploration to help re-build South Africa’s economy, says business booster; And, Coal miner Exxaro to build 68 MW solar power plant in Limpopo 

Resources Watch

Lithium prices in China halve in just four months

By: Bloomberg     22nd March 2023 The frenzy for lithium, which saw Chinese prices of the electric-vehicle battery material surge more than 1 300% in just two years, has turned into a rapid retreat. Prices of lithium carbonate, the benchmark product, have halved since rocketing to a record last November, according to data from... 

Lithium prices in China halve in just four months

CEZ gets extension at Bilina lignite mine until 2035

By: Reuters     22nd March 2023 Czech utility CEZ received approval to extend mining operations at its Bilina openpit lignite mine by five years to 2035, a ruling by the mining authority showed on Wednesday. While state-owned CEZ plans to cut the share of coal-fired plants in its electricity production to 12.5% by 2030, the... 

First Majestic suspends mining at Jerritt Canyon

By: Mariaan Webb     22nd March 2023 Canadian silver miner First Majestic has suspended mining activities and is reducing its workforce at its Jerritt Canyon gold mine, in Nevada. Announcing the suspension of activities, First Majestic explained that mining rates remained below the targeted 3 000 t/d that was required to generate... 

Australia could reap $11.3bn from battery sector by 2030 - Accenture

By: Esmarie Iannucci     22nd March 2023 Australia's revenue potential from developing a battery industry has doubled to A$16.9-billion ($11.28-billion) by 2030 in less than two years, highlighting the speed of the sector's expansion and the need to act quickly, an Accenture report showed on Wednesday. Australia's battery industry is... 

Australian miner New Hope says it's looking at BHP coal assets

By: Bloomberg     22nd March 2023 Australian coal miner New Hope says it will look at mines being jettisoned by BHP Group and others as diversified producers move away from the fossil fuel. New Hope is considering assets in Australia and elsewhere that can produce good quality coal and have long-term production permits, CEO Rob... 

LNG exports to hit A$90bn this year

By: Esmarie Iannucci     22nd March 2023 Australia’s liquefied natural gas (LNG) exports is expected to hit A$90-billion this year, federal Resources Minister Madeleine King said this week. “It is often forgotten, but our exports also make an important contribution to our neighbours’ energy security, stability and reliability.... 

ExxonMobil urges more gas investment

By: Esmarie Iannucci     22nd March 2023 The Victorian and New South Wales governments were facing a ‘challenge’ to secure gas supplies without lifting existing moratoriums on new production, federal Resources Madeleine King conceded this week. In response to a question during an interview with ABC Radio regarding the Victorian... 

Black Swan FID due shortly

By: Esmarie Iannucci     22nd March 2023 Nickel hopeful Poseidon Nickel on Wednesday said it was on track to make a final investment decision on the restart of its Black Swan project, in Western Australia, late in the first half of 2023. Poseidon GM for mining Craig Jones told delegates at the Paydirt Battery Minerals conference that... 

Trafigura bought some LME 'nickel' that was just bags of stones

By: Bloomberg     22nd March 2023 Trafigura Group, one of the world’s biggest metals traders, was among the companies that received bags of stones from a London Metal Exchange warehouse instead of the nickel briquettes they had paid for. The amounts of money involved are small, but the issue presents a fresh headache as the... 

JPMorgan traders should get prison for spoofing, US says

By: Bloomberg     22nd March 2023 The former head of the JPMorgan Chase & Co. precious-metals business and his top gold trader should get multiyear prison terms after they were convicted of spoofing the market for years, the US government said in a court filing. Michael Nowak, who ran the precious-metals desk, should get five... 

St George makes a major lithium play

By: Esmarie Iannucci     22nd March 2023 Junior explorer St George Mining has announced the acquisition of seven hard rock lithium projects in Western Australia. The company on Wednesday announced a transaction with unlisted Chariot Corporation and Stallion Lithium to acquire the 14 exploration licenses which cover a total 653 km2 of... 

Manuka flags restart at Mt Boppy

By: Esmarie Iannucci     22nd March 2023 Junior Manuka Resources has flagged the restart of gold production at its Mt Boppy project, in New South Wales, in the June quarter of this year. The ASX-listed company on Wednesday reported that it is targeting the production of some 25 000 oz/y over a three-year period. Ore from Mt Boppy will... 

EV battery makers test a future without lithium

By: Bloomberg     22nd March 2023 A year and a half ago, China’s CATL put on a flashy event to make an announcement significant enough that Zeng Yuqun, the founder and chairman of the world’s biggest battery maker, served as emcee. Zeng, who had just passed up Alibaba’s Jack Ma in the Bloomberg Billionaires Index, revealed that... 

RFB offering opportunities to Australian Vanadium

By: Esmarie Iannucci     22nd March 2023 ASX-listed Australian Vanadium is evaluating the economic opportunities that vanadium redox batteries could offer the company. 

WA eager to maintain critical minerals status

By: Esmarie Iannucci     22nd March 2023 Western Australia is hoping to maintain its position as a major producer of critical minerals into the future. Speaking at the second day of Paydirt’s Battery Minerals conference, in Perth, Western Australian Minister for Mines and Petroleum Bill Johnston said that the government was investing... 

Image shows a hand holding rare earth ore

Latest News  by  


Company Post


Latest Videos and Audio

Resources Watch

Safety environment that almost guarantees that people come first is a must, says Naidoo

On-The-Air (17/03/2023)

Financing models, exploration, solar projects make headlines

Magazine round up | 17 March 2023

Coal miner Exxaro to build 68 MW solar power plant in Limpopo

Resources Watch

Re-pursue exploration to help re-build South Africa’s economy, says business booster


Services News

Consulting Engineers

Contract mining

Crushing and Screening

Drilling and Tunnelling


Energy Services


Furnaces and Kilns

Material Handling




Company Announcements


Research Reports


Press Office


RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Subscribe Now
Free daily email newsletter Register Now