R/€ = 18.1298 Change: -0.0026
R/$ = 17.1738 Change: -0.0038
Au 1789.27 $/oz Change: 3.39
Pt 1009.00 $/oz Change: 2.51

Email me free daily news

Email address

Glencore in position to double copper output using fossil fuel cash flows 

By: Martin Creamer     Updated 7 hours ago Diversified mining and marketing company Glencore will halve the production of its fossil fuel business between now and 2035 and in that time use the cash flows from that fossil business to double production of its copper business. “So, a very neat and tidy use of our fossil fuels, firstly to... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

Glencore plotting value accretive emission reduction 

By: Martin Creamer     8th December 2022 Over and above the carbon emission reduction that automatically results from declining coal assets, diversified mining and marketing company Glencore is working on reducing its Scope 1 and 2 emissions across its entire portfolio of assets in a manner that is largely value accretive or cost free.... 

Glencore industrial assets head Peter Freyberg.
Glencore industrial assets head Peter Freyberg.

Gold demand to continue benefitting from high inflation in 2023

By: Marleny Arnoldi     8th December 2022 The interplay between inflation and central bank intervention will be key in determining the outlook for gold in 2023, says World Gold Council (WGC) in its latest ‘Gold Outlook’ report. The council says that, with the global economy having been hit by various shocks over the past year, central... 

Gold coins stacked

Only six solar projects advance to preferred-bidder status following latest renewables round 

By: Terence Creamer     8th December 2022 In a disappointing development, Minerals Resources and Energy Minister Gwede Mantashe has announced the appointment of only six preferred bidders, with a combined capacity of 1 000 MW, following the evaluation of bids made during South Africa’s latest renewables procurement round. All six are... 

Mineral Resources and Energy Minister Gwede Mantashe at the IPP Office on December 8
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe at the IPP Office on December 8

Timing of new jobs, skills development a just energy transition concern

By: Schalk Burger     8th December 2022 A just energy transition to a low-carbon economy in South Africa is expected to result in the loss of about 300 000 jobs, but the creation of about 815 000 new jobs up to 2050. It is also expected to improve the country's competitiveness and drive growth higher by about 2.3% a year, World Bank... 

A photo of solar panels, wind turbines and hydrogen installations

Thungela achieves strong cash generation despite rail constraints

By: Tasneem Bulbulia     Updated 7 hours ago JSE-listed Thungela Resources has continued to deliver strong earnings and cash generation for the period from January 1 to November 30 and expects to achieve another strong set of financial results for the year ending December 31, the company notes in a CFO’s pre-close and trading statement for... 

Employee communication solution at Glencore copper/cobalt mine

By: Martin Creamer     8th December 2022 Diversified mining and marketing company Glencore on Thursday announced an innovative employee engagement solution to strengthen communication with employees at the Kamoto copper and cobalt mine in the Democratic Republic of Congo (DRC).  Kamoto, Vodacom Business and Standard Bank have partnered... 

Kamoto copper and cobalt mine in the Democratic Republic of Congo.
Kamoto copper and cobalt mine in the Democratic Republic of Congo.

Botswana Diamonds reports project development progress

By: Tasneem Bulbulia     Updated 7 hours ago Aim-listed Botswana Diamonds (BOD) believes there are big opportunities for diamond exploration and development in South Africa and the company is focusing on what it considers the best opportunities available to the company. The company on December 8 reported its results for the financial year... 

Lulo continues to deliver for Lucapa

By: Esmarie Iannucci     8th December 2022 Diamond miner Lucapa Diamond Company has announced significant recoveries from a bulk sample from its Lulo kimberlite operation, in Angola. The company said that some 20 diamonds had been recovered from the initial processing of around 20% of the kimberlite bulk sample, with five diamonds... 

Galileo progresses lithium drill target mapping on historical Zim prospect

By: Marleny Arnoldi     Updated 6 hours ago London-listed exploration company Galileo Resources says the reconnaissance mapping and sampling programme on its 29%-owned Kamativi lithium project, in Zimbabwe, has identified four target zones with potential for pegmatite-hosted lithium, tin and tantalum. The target zones lie along strike... 

AVZ holds fast to Manono shareholding

By: Esmarie Iannucci     8th December 2022 ASX-listed AVZ Minerals has taken legal action to affirm its 75% interest in the Manono lithium and tin project, in the Democratic Republic of Congo (DRC). The company has filed the first of two International Chamber of Commerce (ICC) arbitrations against Dathomir Mining Resources and expects to... 

Updated Valentine feasibility study presents 3-pit mine plan

By: Mariaan Webb     Updated 6 hours ago Toronto-listed Marathon Gold has presented an updated feasibility study for the Valentine gold project, in Newfoundland and Labrador, outlining plans for a three-pit mine plan that with increased mineral reserves, an extended mine life and a higher production profile. The study incorporates the... 

Mongolian PM meets with protestors over millions in missing coal

By: Bloomberg     8th December 2022 Mongolia’s prime minister met with protesters in sub-zero temperatures to try and calm public anger about an estimated $120 million worth worth of missing coal. Prime Minister Oyun-Erdene Luvsannamsrai met with protesters Wednesday to ask the crowd to trust government to investigate and punish... 

UK approves first coal mine in 30 years, weakening climate push

By: Bloomberg     8th December 2022 The UK approved opening its first deep coal mine in more than 30 years, risking backlash from activists portraying the project as a backward step in meeting ambitious climate goals. The Woodhouse Colliery project in Whitehaven, northern England, can go ahead, the Department for Levelling Up,... 

UK approves first coal mine in 30 years, weakening climate push

Copper rises as Goldman predicts run to record highs

By: Reuters     8th December 2022 Copper rose on Thursday on hopes that an easing of coronavirus controls in top consumer China will increase demand, with Goldman Sachs predicting prices could reach a record high of $11 000 in a year. Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.5% at $8 501.50 a tonne at... 

Trafigura more than doubles profit to new record in FY 2022

By: Reuters     8th December 2022 Global commodities trader Trafigura Group posted a record profit for its full year 2022, more than double last year's record, as it cashed in on unprecedented market volatility following Russia's invasion of Ukraine. The privately held Geneva-based company made $7-billion in net profit for its... 

Gordhan calls on Eskom to get South Africa out of Stage 6 loadshedding

By: Creamer Media Reporter      8th December 2022 Public Enterprises Minister Pravin Gordhan has directed the management and board of power utility Eskom to work hard to get the country out of Stage 6 loadshedding with immediate effect. “I met the board of Eskom yesterday. I have directed them to meet and act with a great sense of urgency to... 

Public Enterprises Minister Pravin Gordhan
Photo by Bloomberg
Public Enterprises Minister Pravin Gordhan

Eskom agitates for 'overthrow of the state' by not dealing with loadshedding – Mantashe

By: News24Wire      8th December 2022 Mineral Resources and Energy Minister Gwede Mantashe has accused Eskom of "actively agitating for the overthrow of the state" as it continues to implement load shedding, which hit Stage 6 this week as power plants suffered breakdowns. At a signing ceremony for 13 new independent power projects on... 

Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

BYD considers US battery plant, refrains from selling EVs after Biden Inflation Act

By: Bloomberg     8th December 2022 Chinese automaker BYD Co. is considering building a battery plant in the US but doesn’t currently plan on selling its electric cars there, a top executive said, while laying out a case for tweaks to Biden’s Inflation Reduction Act that seeks to limit reliance on Asia’s biggest economy.... 

VW says South Africa must end coal dependence for EVs to make sense

By: Reuters     8th December 2022 South Africa must wean itself off coal if locally produced electric vehicles (EVs) – a key element of the government's decarbonisation plan – are to be climate friendly, the country head of Volkswagen said on Wednesday. Wealthy nations have already committed $8.5-billion to help Africa's most... 

St George finds lithium partner

By: Esmarie Iannucci     8th December 2022 Junior St George Mining will partner with battery giant SVOLT to hunt for lithium projects. The two companies have signed a memorandum of understanding (MoU) to consider collaboration on the development of the Mt Alexander lithium project, in Western Australia, as well as the acquisition of... 

Golden Tag to buy First Majestic’s Parrilla silver mine

By: Mariaan Webb     8th December 2022 TSX-V-listed Golden Tag Resources on Wednesday announced the acquisition of the former producing La Parrilla silver mine, in Mexico, from First Majestic Silver for $33.5-million. The La Parrilla mine was First Majestic’s first silver mine and produced 34.3-million ounces of silver-equivalent... 

TotalEnergies may buy green power from Fortescue in Papua New Guinea -regulator

By: Reuters     8th December 2022 Fortescue Future Industries (FFI) is in talks with TotalEnergies to supply power to the fossil fuel company's Papua liquefied natural gas (LNG) project from a series of proposed renewable energy projects that a senior official says recently completed feasibility assessments. Both companies were... 

WA to study hydrogen exports to Europe

By: Esmarie Iannucci     8th December 2022 The Western Australian government will partner with the Netherlands' Port of Rotterdam and German Federal Ministry of Education and Research (BMBF) on a study into fast tracking hydrogen exports from the Oakajee strategic industrial area (SIA) in the Mid-West. The Oakajee SIA has some of... 

Vale forsakes volume for value in boost to iron-ore's nascent price recovery

By: Bloomberg     8th December 2022 Vale is abandoning plans to get back to iron ore production levels prior to a 2019 waste disaster, offering supply-side support to the global market just as Chinese demand picks up. The Brazilian mining giant has been slowly ramping back up after losing its mantle as the world’s biggest producer... 

Vale forsakes volume for value in boost to iron-ore's nascent price recovery

Colombia to create national mining company, 2022 royalties soar

By: Reuters     8th December 2022 Colombia is preparing to launch a national mining company, the president of the government's National Mining Association (ANM) said on Wednesday, adding that coal mining royalties during the year had more than doubled. The government of President Gustavo Petro has pledged to reform the mining... 

Vale looks to close deal with partner for base metals in H1

By: Reuters     8th December 2022 Brazilian mining company Vale is in advanced talks with possible partners for its new base metals investment vehicle and looks to have a deal concluded during the first half of 2023, CFO Gustavo Pimenta said on Wednesday. Pimenta told investors during a meeting at the New York Stock Exchange... 

Vale looks to close deal with partner for base metals in H1

Chile's environmental regulator files charges against Antofagasta Minerals

By: Reuters     8th December 2022 Chile's SMA environmental regulator on Wednesday said it had filed two charges against Antofagasta Minerals' Centinela copper deposit due to its impact on a water source and local wildlife. One charge, described as "very serious," was for not reporting or taking necessary actions to control and... 

Eskom's desperate scramble to avoid Stage 7

By: News24Wire      8th December 2022 Eskom on Wednesday evening called off the planned outage of Koeberg unit 1 at the eleventh hour as the utility scrambled to avoid moving to Stage 7 loadshedding. The decision, not yet announced by the utility, was confirmed to News24 by two independent sources who did not want to be named as they... 

The Koeberg nuclear power station
Photo by Creamer Media
The Koeberg nuclear power station

Renascor completes capital raise

By: Esmarie Iannucci     8th December 2022 Graphite developer Renascor Resources has completed it’s A$70-million fully underwritten institutional placement, issuing 254.5-million shares at a price of 27.5c each. The company this week launched the capital raise to progress is Siviour battery anode material (BAM) project, in South Australia. 

WA govt expands Jogmec cooperation

By: Esmarie Iannucci     8th December 2022 The Western Australian government has signed a memorandum of understanding (MoU) with the Japan Organization for Metals and Energy Security (Jogmec), expanding cooperation to include new and renewable energies. New and renewable energies covered by the MoU include hydrogen, methanation, carbon... 

Miners raise concern around new EPA

By: Esmarie Iannucci     8th December 2022 The federal government on Thursday announced the establishment of an independent Environment Protection Agency (EPA) as part of its reforms of the Environment Protection and Biodiversity Conservation (EPBC) Act. Environment and Water Minister Tanya Plibersek has announced the government’s... 

Ioneer closer to sulphur supply in Nevada

By: Esmarie Iannucci     8th December 2022 Junior Ioneer has inked a memorandum of understanding (MoU) with Shell Canada Energy for the supply of sulphur to Ioneer’s Rhyolite Ridge lithium-boron project, in Nevada. The MoU builds of a 2019 letter of intent and would see both parties advance discussions into a definitive agreement. 

Glencore halts Valeria development

By: Esmarie Iannucci     8th December 2022 Diversified miner Glencore has pulled the plug on the $1.5-billion Valeria coal mine, in Queensland, blaming the uncertainty in global markets and the Queensland government’s decision to hike coal royalties without any consultation with the sector. Glencore said in a statement that the company... 

Image shows Glencore operations in Australia

JSE greenlights Pan African’s R5bn note programme

By: Marleny Arnoldi     7th December 2022 JSE-listed Pan African Resources’ (PAR’s) subsidiary PAR Funding has received formal approval from the stock exchange on a R5-billion Domestic Medium Term Note programme. The issuer, PAR Funding, may, from time to time, issue notes, which expression shall include senior notes and subordinated... 

CMOC pushes back as Congo's Gecamines demands compensation in cobalt mine dispute

By: Reuters     7th December 2022 China's CMOC Group hit back at what it called "wild overcharges" from Congo's state mining company Gecamines, which is demanding compensation for higher copper and cobalt reserves at its Tenke Fungurume mine in the country. Congo suspects CMOC understated the mine's reserves to reduce the amount... 

Wits School of Mining Engineering accredited for another five years

By: Tasneem Bulbulia     7th December 2022 The University of the Witwatersrand’s (Wits') School of Mining Engineering has once again recently been accredited by the Engineering Council of South Africa (ECSA). The ECSA accreditation is required every five years, and this cycle will see the school through to 2027, says Head of School... 

Walkabout appoints GM to lead commissioning of Lindi Jumbo

By: Creamer Media Reporter      7th December 2022 ASX-listed Walkabout Resources has appointed experienced mining executive Charl van der Merwe as GM of the Lindi Jumbo graphite mine, in Tanzania.  Bringing over 35 years’ experience including senior and executive positions in mine development and management with major, mid-tier and junior miners... 

Latest News  by  


Company Post


Latest Videos and Audio

Resources Watch

Exploration drilling gaining momentum at Southern Palladium’s Bengwenyama project

Renewables deal indicative of South Africans making positive difference, says Seriti Green

On-The-Air (02/12/2022)

Seriti, green hydrogen investment and tech make headlines

Magazine round up | 02 December 2022

South African green hydrogen technology wins top global recognition

Resources Watch


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