R/€ = 18.47 Change: -0.04
R/$ = 15.15 Change: 0.00
Au 1855.28 $/oz Change: -7.46
Pt 1099.22 $/oz Change: -10.67

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Harmony on track to meet guidance as Mponeng, MWS contribute to output 

By: Donna Slater     Updated 4 hours ago Harmony Gold says it is on track to meeting its full-year production guidance of between 1.26-million and 1.3-million ounces of gold after having produced 745 347 oz in the six months ended December 31, 2020. The higher gold production was as a result of the integration of the Mponeng and Mine... 

Harmony on track to meet guidance as Mponeng, MWS contribute to output

Diamond trade is roaring back thanks to stuck-at-home shoppers 

By: Bloomberg     25th January 2021 The global diamond trade spent years in the doldrums, only to be crippled by the pandemic just as things started looking up. Now, at last, business is booming again. Factories in the industry’s “engine room” -- the Indian city of Surat -- are so desperate to boost production that the... 

Diamond trade is roaring back thanks to stuck-at-home shoppers

Orion Minerals starts 2021 on a positive note following encouraging drilling results 

By: Simone Liedtke     25th January 2021 Dual-listed Orion Minerals has started 2021 on a positive note with an encouraging set of results from its high-impact exploration drilling programmes targeting near-mine and regional volcanogenic massive sulphide (VMS) copper/zinc and nickel/copper targets around its flagship Prieska copper/zinc... 

Evaluation of emergency-power bids ‘by February’, with renewables bidding to open in ‘first quarter’ 

By: Terence Creamer     25th January 2021 The evaluation of the 28 bids received under South Africa’s Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) is anticipated to be concluded by February 2021, the IPP Office has confirmed with Engineering News. The preferred bidders, it adds, will be announced as soon as... 

Evaluation of emergency-power bids ‘by February’, with renewables bidding to open in ‘first quarter’

Pensana applies for UK’s first rare earth processing facility

By: Esmarie Iannucci     25th January 2021 Rare earths developer Pensana has submitted a planning application for its rare earth oxide separation facility in Yorkshire. The company told shareholders on Monday that the application could take up to three months to review. The $125-million facility is expected to employ some 100 direct... 

Weekly Coal Index Report

25th January 2021 Chinese domestic and Pacific coal markets were substantially lower on the week, as supply and weather constraints eased. However, Europe is now dealing with severe cold weather as power and gas markets have tightened. Prices have soared as renewables fail to perform as hoped in the inclement... 

Weekly Coal Index Report

Zimbabwe seeks to list company holding State mining assets

By: Bloomberg     25th January 2021 Zimbabwe, banking on mining to end two decades of economic stagnation, plans to list the company in which it has placed state mining assets to raise cash to meet government obligations, the nation’s finance minister said. Late last year, the government created Kuvimba Mining House, in which the... 

Shanta achieves 2020 objectives, guidance

By: Tasneem Bulbulia     Updated 5 hours ago Aim-listed Shanta Gold says it achieved its core objectives for 2020, with gold production and costs in line with guidance. The company also "produced another notable safety performance", CEO Eric Zurrin states in a production and operational results release. 

Diamcor making progress following resumption of operations

By: Simone Liedtke     Updated 5 hours ago TSX-V-listed Diamcor Mining is making “considerable progress” in increasing processing volumes, diamond recoveries and revenues since having resumed operations. Its Krone-Endora at Venetia mine, in South Africa's Limpopo province, had been shuttered for most of 2020 amid Covid-19-related... 

Sale of two large diamonds indicative of industry recovery, says BlueRock

By: Simone Liedtke     25th January 2021 Aim-listed BlueRock Diamonds has sold a 14.8 ct diamond for $167 000. The 14.8 ct diamond was recovered on December 21, 2020, around the same time as the recovery of an 8.7 ct diamond, which was sold for $37 000. 

Arnot OpCo plans safe restart of operations with Covid-19 in mind

By: Donna Slater     25th January 2021 Mpumalanga-based coal miner Arnot OpCo is planning the restart of its operations near Middelburg in a safe and controlled manner that takes into account measures to prevent the spread of Covid-19, at a time when South Africa is battling a second wave of infections. The company says it is not... 

Eastplats raises C$11.7m to complete projects, grow revenue potential

By: Simone Liedtke     25th January 2021 Dual-listed Eastern Platinum (Eastplats) has issued 36.8-million common shares to raise about C$11.7-million. Net proceeds from the rights offering will be used to complete various projects and grow Eastplats’ revenue potential. 

Altus subsidiary awarded Egyptian exploration licences

By: Simone Liedtke     Updated 6 hours ago   The Egyptian Mineral Resource Authority (EMRA) has confirmed that Aim- and TSX-V-listed Altus Strategies’ wholly-owned subsidiary Akh Gold will be awarded a number of gold exploration licences in Egypt. 

Tulu Kapi financing on track; drilling commences at Hawiah

By: Donna Slater     Updated 5 hours ago Aim-listed gold and copper explorer and developer Kefi Minerals reports that financing for its Ethiopia-based flagship Tulu Kapi gold project remains on track, with the project finance consortium expecting to achieve financial close in March. Production is expected to start in the fourth quarter... 

Sumitomo to book additional 30bn yen impairment on Madagascar nickel project

By: Reuters     25th January 2021 Japan's Sumitomo Corp said on Monday it will book an additional impairment loss of about 30-billion yen on its Ambatovy nickel project in Madagascar for the October to December quarter to reflect the revised output plan. The Japanese trading house, which owns a 54.17% stake in the project, posted... 

Panthera's West African exploration yielding results

By: Tasneem Bulbulia     Updated 5 hours ago Aim-listed Panthera Resources says preliminary results from recent exploration at the Bassala gold project, in Mali, suggest a large exploration target with over 8 km strike potential. Providing an update on its West African exploration programmes, as well as at the projects owned by its... 

Turkey plans to produce 100 t/y in 5 yrs - Minister

By: Reuters     Updated 7 hours ago Turkey aims to increase its domestic gold production to 100 t/y or more in the next five years, Energy Minister Fatih Donmez said on Monday. In an interview with broadcaster Bloomberg HT, Donmez said Turkey had produced 42 t of gold in 2020, a record high, and it would produce more in 2021.... 

Turkey plans to produce 100 t/y in 5 yrs - Minister

Ten China gold miners confirmed dead after others rescued; one still missing

By: Reuters     25th January 2021 Eleven Chinese gold miners trapped underground after an explosion were rescued much earlier than expected thanks to steel pipes supporting blockages in the mine shaft, according to state-media, as the search continued for 10 others. An air ventilation shaft, which was the most feasible way to... 

Mavuso stresses importance of implementing structural reform

By: Marleny Arnoldi     25th January 2021 Everyone, from the South African Reserve Bank (SARB) to organised labour can see what must be done to get the country back on a growth trajectory, but little seems to change, CEO Busi Mavuso says in the latest newsletter from Business Leadership South Africa. She welcomes SARB governor Lesetja... 

Katco JV has 128 positive Covid-19 cases

By: Creamer Media Reporter      25th January 2021 The Katco joint venture (JV) between Kazatomprom and Orano Mining has suspended noncore site activities in Kazakhstan, after 128 people tested positive for Covid-19. In a statement on Friday, Kazatomprom said Katco’s sites had been placed under quarantine on orders of health authorities.... 

Mining tycoon Steinmetz sentenced to 5 years in jail in bribery case

By: Bloomberg     25th January 2021 Israeli diamond and mining tycoon Beny Steinmetz was found guilty of bribing a public official to secure an iron-ore mine in Guinea worth billions of dollars. Steinmetz was sentenced to five years by Judge Alexandra Banna in a Geneva court Friday. He was partially acquitted on forgery charges in... 

Mining tycoon Steinmetz sentenced to 5 years in jail in bribery case
Diamond and mining tycoon Beny Steinmetz

Silver Elephant acquires nickel project in Thompson belt

By: Mariaan Webb     25th January 2021 Toronto-listed Silver Elephant has high hopes and aspirations for its new Minago project, in Manitoba, which could supply the “insatiable” demand for Class 1 nickel from the electric vehicle (EV) industry. The company announced on Friday that it had entered into a binding agreement to acquire... 

Silver Elephant acquires nickel project in Thompson belt

Canadian junior loses rights to Peru concessions

By: Creamer Media Reporter      25th January 2021 Canadian junior Tesoro Minerals’ stock plunged on Friday, after the company revealed that its right to acquire mineral concessions in the Tambo Grande district of Peru has been rescinded. Tesoro reported that Peru had passed a supreme decree, which repealed previous decrees that had granted the... 

New hope emerges for Platina's scandium project

By: Esmarie Iannucci     25th January 2021 Junior Platina Resources will update its independent scandium market study and would work with Traxys Europe SA to assess scandium product and market development, as well as the potential funding options for its scandium project, in New South Wales. The sharpened focus on the scandium project... 

Nickel Mines hit record highs

By: Esmarie Iannucci     25th January 2021 ASX-listed Nickel Mines has reported a 7.7% increase in quarterly production from its Indonesian rotary kiln electric furnace (RKEF) projects for the three months to December, with attributable production reaching a record high. RKEF production during the quarter reached a record 11 527 t during... 

Silver Lakes sees gold production fall

By: Esmarie Iannucci     25th January 2021 Gold miner Silver Lake Resources has reported a drop in gold production for the three months to December, compared with the previous quarter. The ASX-listed miner on Monday noted that group production reached 58 858 oz equivalent, with sales reaching 59 824 oz and 492 t of copper and a realised... 

Lake raises funds for Kachi advancement

By: Esmarie Iannucci     25th January 2021 Lithium developer Lake Resources will raise A$20.6-million in a share placement to fund its flagship Kachi lithium brine project, in Argentina. The ASX- and OTC-listed company on Monday said that it would issue some 125-million new shares, at an offer price of 16.5c each to institutional... 

Lake raises funds for Kachi advancement

Contura name change to reflect metallurgical future

By: Mariaan Webb     22nd January 2021 NYSE-listed Contura Energy on Friday announced that it would change its name to Alpha Metallurgical Resources on February 1. The rebranding effort aims to more accurately relects the company's strategic focus on the production of metallurgical coal as a critical feedstock for steel production.... 

Gold Fields starts construction of Salares Norte mining infrastructure

By: Simone Liedtke     22nd January 2021 Dual-listed Gold Fields has formally started construction of the mining infrastructure at its Salares Norte project, in Chile. Construction of the $860-million project is scheduled to be completed in late 2022, with first gold production in early 2023. Once commissioned, the mine will process... 

Gold Fields starts construction of Salares Norte mining infrastructure
The Salares Norte camp.

Sibanye announces senior management changes

By: Tasneem Bulbulia     22nd January 2021 Precious metals miner Sibanye-Stillwater has made further changes to its organisational structure, which it says is designed to enhance delivery and strategic focus. Robert van Niekerk, previously executive VP: Group Technical, has been appointed chief technology officer, effective from December... 

Lily mine not for sale, says Vantage as it plans restart of operations 

By: Donna Slater     22nd January 2021 Owner of the shut Barberton-based Lily gold mine, Vantage Goldfields has countered claims made by political organisation ActionSA president Herman Mashaba that the mine has received two bids by third parties that intend to acquire and reopen the mine. The Lily mine has been closed since a... 

Lily mine not for sale, says Vantage as it plans restart of operations
A dated picture of the Lily mine decline-shaft entrance before the cave-in occurred

Endeavour sells noncore Côte d’Ivoire mine

By: Mariaan Webb     22nd January 2021 Canadian miner Endeavour Mining will sell its 85% interest in the Agbaou mine, in Côte d’Ivoire, to private African operator Allied Gold, which owns the nearby Bonikro mine. When the transaction closes, the Bonikro-Agbaou operation will comprise multiple openpits, and two processing plants with a... 

Biden poised to freeze oil and coal leasing on federal land

By: Bloomberg     22nd January 2021 President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about a tenth of US supplies, according to four people familiar with the matter. The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other... 

Biden poised to freeze oil and coal leasing on federal land

Botswana's private coal miner to double output if it wins Eskom contract, says CEO 

By: Reuters     22nd January 2021 Botswana's privately owned coal miner Minergy will double its output by opening a new mine if it wins a contract to supply coal to South Africa's biggest power utility Eskom, its chief executive officer said in a statement on Friday. Minergy was shortlisted to supply to Eskom's Tutuka power... 

Botswana's private coal miner to double output if it wins Eskom contract, says CEO

Hamburg plans green hydrogen plant with Shell, Mitsubishi, Vattenfall

By: Reuters     22nd January 2021 Hamburg is planning to generate green hydrogen, which is produced from renewable power, at a plant it will develop with energy firms Shell, Mitsubishi and Vattenfall, the city state said on Friday. Hamburg's municipal heating company has signed a letter of intent with the three companies to... 

China says 10 workers trapped in gold mine are searching for others

By: Reuters     22nd January 2021 The ten known survivors trapped since a deadly January 10 gold mine explosion in northern China have been using laser pointers and loudspeakers to try to find their missing colleagues, state media reported on Friday. The rescue operation, which has been able to get food and medicines to the... 

Local sourcing vital in UK, considering expected 70% jump in EV sales

By: Marleny Arnoldi     22nd January 2021 Research agency Fitch Solutions foresees a good year for electric vehicle (EV) development and a key component thereof, lithium. It says critical raw material (CRM) developments in the UK, the US and the European Union (EU) bode well for those regions’ battery supply chains and reducing their... 

Local sourcing vital in UK, considering expected 70% jump in EV sales

Deep-South ‘well-funded’ to continue development of Namibian copper project

By: Simone Liedtke     22nd January 2021 TSX-V-listed Deep-South Resources has closed its nonbrokered private placement for $4.6-million. President and CEO Pierre Leveille commented on the strong demand, which led to the financing, and confirmed that the company had recently completed a preliminary economic assessment. 

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