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Critical mineral demand of order of magnitude never seen – Sheila Khama  

By: Martin Creamer     19th May 2022 "My genuine sense is that we are going to see a growth in the mining sector of an order of magnitude we haven't seen. I also think that we're going to find that the need for minerals is going to force the world to think that if we can't get minerals on our shore, where else do we get them from? 

Mining stalwart Sheila Khama spoke to Mining Weekly’s Martin Creamer on critical metals. Video: Darlene Creamer.

Mantashe open to meeting with opposition to seek short-term solutions to power crisis 

By: Terence Creamer     19th May 2022 Mineral Resources and Energy Minister Gwede Mantashe has described as “constructive” a proposal by the opposition Democratic Alliance for a meeting to discuss short-term solutions to the country’s ongoing load-shedding crisis. In his Budget Vote address, Mantashe outlined the initiatives his... 

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

Manganese mine rail-loading boost being assessed by South32 

By: Martin Creamer     19th May 2022 Diversified mining company South32 is assessing the potential expansion and modernisation of rail loading infrastructure at its Wessels manganese mine in South Africa’s Northern Cape, says South32 CEO Graham Kerr. Kerr, who presented at the Bank of America Global Metals, Mining & Steel Conference... 

Slide screenshot.
Accelerated operational decarbonisation.

Afrimat earnings grow on back of normalised volumes, strong iron-ore price 

By: Marleny Arnoldi     19th May 2022 JSE-listed construction materials, industrial minerals and bulk commodities supplier Afrimat performed well in the financial year ended February 28, on the back of favourable iron-ore prices, an expeditious turnaround of the Nkomati anthracite project and a return to normal volumes in both the... 

Afrimat CEO Andries van Heerden
Afrimat CEO Andries van Heerden

South African PGMs explorer raises $19m in IPO ahead of listing on ASX, JSE

By: Chanel de Bruyn     19th May 2022 South Africa-based minerals explorer Southern Palladium, which is focused on platinum group metals (PGM) and which is headed up by MD Johan Odendaal and chairperson Terence Goodlace, has raised $19-million in an initial public offering (IPO) ahead of its listing on the ASX. The company, which has... 

A map indicating the location of the Benwenyama project

Europe gives another lofty boost to green hydrogen, electrolyser targets

By: Martin Creamer     19th May 2022 The European Commission this week took firm steps to again boost green hydrogen production and electrolyser manufacture amid sharply rising consumption targets. The commission’s latest RePowerEU proposals include the raising of its 2030 renewable hydrogen consumption targets for industry to 75%,... 

Picture from archive.
Renewable hydrogen consumption targets elevated.

Botswana Diamonds identifies anomalies indicative of kimberlite pipes

By: Tasneem Bulbulia     19th May 2022 Aim- and BSE-listed Botswana Diamonds’ ground geophysics survey on its Sekaka diamonds prospecting licences, in Botswana, have revealed high-interest anomalies indicative of kimberlite pipes discovered in the vicinity of the KX36 diamond discovery. “These results strongly support our view that... 

Bannerman takes a slice of Namibian rare earths

By: Esmarie Iannucci     19th May 2022 ASX, NSX and OTCQB-listed Bannerman Energy has struck a deal to acquire 41.8% shareholding in TSX-V listed critical minerals explorer Namibia Critical Metals Inc (NMI). NMI’s flagship asset is the 95%-owned, advanced and fully permitted Lofdal heavy rare earths project in Namibia, which is the... 

UBS advises gold investors to manage downside risks for the second half of 2022

By: Darren Parker     19th May 2022 Although investment bank UBS Global Wealth Management strategists Wayne Gordon and Dominic Schnider have guided investors to hold gold as a long-term hedge to avoid adding or building up additional exposure, they have acknowledged the downside risks to forecasts for the second half of this year... 

Gold bars

Minerals Council backs decision to place Ubank under curatorship

By: Tasneem Bulbulia     19th May 2022 Industry organisation the Minerals Council South Africa says it supports the action taken by the South African Reserve Bank‘s (SARB’s) Prudential Authority to place Ubank under curatorship, positing that it would clear the way to stabilise Ubank, protect depositors and enable the attraction of a... 

Kenmare FD to retire

By: Creamer Media Reporter      19th May 2022 Tony McCluskey will retire as FD of titanium minerals and zircon producer Kenmare Resources after 30 years with the company. He is expected to step down from the Kenmare board on May 26 and from his executive role later this year. 

Gravitricity, Arup secure grant to develop below-ground hydrogen storage

By: Tasneem Bulbulia     19th May 2022 Edinburgh-based energy storage specialist Gravitricity and global built environment consultancy Arup have secured £300 000 from the UK Department of Business Energy & Industrial Strategy (BEIS) to study the feasibility of storing hydrogen in purpose-built underground shafts. Gravitricity and Arup... 

Australian Vanadium hoping to raise A$27.5m

By: Esmarie Iannucci     Updated 1 hour 57 minutes ago ASX-listed Australian Vanadium is hoping to raise up to A$27.5-million to finance work at its namesake project in Western Australia. The company on Friday announced that it had received firm commitments from new and exiting shareholders for the placement of 425.5-million shares, at a price of... 

FFI backs the EU's renewable plan

By: Esmarie Iannucci     Updated 2 hours 7 minutes ago Green energy developer Fortescue Future Industries (FFI) has welcomed the European Commission REPowerEU plan to rapidly reduce dependence on Russian fossil fuels and tackle the climate crisis. The European Commission earlier this week presented the REPowerEU plan in response to the global... 

IGO produces first lithium at Kwinana

By: Esmarie Iannucci     Updated 2 hours 8 minutes ago ASX-listed Independence Group (IGO) on Friday announced the first production of battery grade lithium from its Kwinana lithium hydroxide refinery, in Western Australia. The first production represented an important milestone for the lithium joint venture (JV) between IGO and its partner Tianqi... 

BHP unveils distribution plans and Woodside changes names

By: Esmarie Iannucci     Updated 2 hours 11 minutes ago Diversified miner BHP on Friday announced it would pay shareholders an in specie dividend in the form of Woodside Petroleum shares in connection with the merger of BHP’s oil and gas portfolio with Woodside. The shareholders of Woodside on Thursday approved the merger, which would create the... 

Changes coming to BHP board

By: Esmarie Iannucci     Updated 2 hours 12 minutes ago Major BHP has announced the retirement of Malcolm Broomhead and John Mogford as non-executive directors at the conclusion of the 2022 annual general meeting (AGM). Broomhead has been a director of BHP since March 2010 and in 2021 the board requested Broomhead seek re-election at the 2021 AGM for... 

Rich nations offer debt guarantees on South African climate deal

By: Bloomberg     Updated 3 hours ago A group of the world’s richest nations offered South Africa debt guarantees as part of a proposed $8.5-billion deal designed to cut the nation’s reliance on coal for power generation, people familiar with the talks said, potentially resolving one sticking point in the negotiations. The guarantees... 

BHP still sees room to negotiate with Samarco's creditors

By: Bloomberg     Updated 4 hours ago BHP Group is willing to protect its joint venture in Samarco Mineracao, saying it sees room to negotiate with financial creditors in the Brazil miner’s debt restructuring. “We’re absolutely committed to making sure that Samarco is reset to be the sustainable operation it always has been and... 

The River Doce in January 2022. The collapse of a tailings dam in 2015 destroyed indigenous lands along the banks of the river.
The River Doce in January 2022. The collapse of a tailings dam in 2015 destroyed indigenous lands along the banks of the river.

Magazine round up | 20 May 2022 

Updated 6 hours ago A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 20 May 2022

Test site provides platform to trial innovations under real mining conditions 

By: Marleny Arnoldi     20th May 2022 Public–private partnership for innovation the Mandela Mining Precinct’s (MMP’s) test mine is poised to deliver value to mining companies, original-equipment manufacturers (OEMs) and other stakeholders while contributing to the industry’s sustainability. This partnership, aimed at assisting... 

Mandela Mining Precinct programme manager Jurgens Visser speaking to Engineering News & Mining Weekly about the test mine at Royal Bafokeng Platinum’s Maseve North mine.

India warns of fuel-supply cuts to utilities if coal imports delayed

By: Reuters     19th May 2022 India's power ministry on Wednesday said it would cut domestic fuel supply to state government-run utilities by 5% if they do not import coal for blending by June 15, as officials struggle to address rising power demand. A heatwave pushed power use to a record high in April, leading to the worst... 

Barrick extends facility, establishes sustainability-linked metrics

By: Mariaan Webb     19th May 2022 Global bullion producer Barrick Gold on Thursday announced that it had extended its undrawn $3-billion revolving credit facility by one year to May 2027 and that sustainability-linked metrics had been incorporated into the facility. The metrics were made up of yearly environmental and social... 

Barrick CFO Graham Shuttleworth
Barrick CFO Graham Shuttleworth

In Chile's Atacama, lithium mining stirs fight over flamingos

By: Reuters     19th May 2022 On the white plains of Chile's lithium-rich Atacama desert, bright pink flamingos enliven the sprawling salt flats where sporadic blue pools provide much needed hydration. But flamingo numbers are falling, with a new study linking this to the water extracted by mining firms to pump up brine... 

China’s metal exports storm higher to fill gap left by war

By: Bloomberg     19th May 2022 China’s exports of metals surged to multi-year highs as demand at home languished and global supplies tightened, with shipments of an aluminum feedstock spiking to plug a shortfall in Russia. Sales of alumina rose to 170 000 t in April, the highest since 2018, according to Chinese customs data... 

Talon announces drill record at Minnesota nickel project

By: Creamer Media Reporter      19th May 2022 Toronto-listed Talon Metals has announced a new record at the Tamarack nickel project, in Minnesota, with 23.44 m of massive sulphide nickel and copper mineralisation. The record drill forms part of 26 new drill holes results that Talon reported on Wednesday.  All the new holes have intercepted... 

Rio Tinto signs up for Lion Copper’s Nevada project

By: Mariaan Webb     19th May 2022 TSX-V-listed Lion Copper and Gold has secured Rio Tinto’s backing for the Mason Valley project, where it last week also initiated the environmental permitting process with the US Bureau of Land Management as a first stop in formalising permitting efforts.   The parties on Wednesday announced an... 

Calix receives funding for low emissions lime project

By: Esmarie Iannucci     19th May 2022 ASX-listed environmental technology company Calix has been awarded an A$11-million grant from the federal government’s Carbon Capture, Use and Storage Hubs and Technologies programme, to develop the world’s first commercial-scale process for low emissions lime. Patterning with ASX-listed Adbri,... 

Millennial raises C$15m for Nevada exploration

By: Mariaan Webb     19th May 2022 Toronto-headquartered Millennial Precious Metals has announced a bought-deal financing to raise C$15-million, which it will use to advance exploration, permitting and engineering studies at its Nevada projects. The company has entered into an agreement with Eight Capital, as lead underwriter and... 

Arafura finds offtake for Nolans product

By: Esmarie Iannucci     19th May 2022 Rare earths developer Arafura Resources has signed a non-binding memorandum of understanding (MoU) with South-Korean automotive giant based Hyundai Motor Company for a potential neodymium praseodymium (NdPr) offtake from the Nolans project, in the Northern Territory. The MoU provides a framework... 

Bryah signs option over Lake Johnson

By: Esmarie Iannucci     19th May 2022 Explorer Bryah Resources has signed an option agreement with Mining Green Metals Limited (MGM) over the potential sale of a 51% interest in its Lake Johnston lithium-nickel project, in Western Australia. The Lake Johnston project consists of eight exploration licence applications covering a... 

Agnico Eagle makes further investment in Cartier

By: Creamer Media Reporter      19th May 2022 Toronto-headquartered Agnico Eagle Mines has made a further investment of C$1.82-million in exploration company Cartier Resources, which explores in the Abitibi gold belt in Quebec. Agnico will subscribe for 14-million units in a nonbrokered private placement at C$0.13 each. Each unit comprises... 

Colombia's mining income to hit record in 2022 - industry group

By: Reuters     19th May 2022 Colombia's mining industry is on track to bring in a record 8.8-trillion pesos ($2.2-billion) in taxes and royalties during 2022, the Colombian Mining Association (ACM) said on Wednesday, adding mining is an essential sector for the transition to renewable energies. If the forecast proves... 

Chile's top court puts Dominga mining project decision on Boric admin

By: Reuters     19th May 2022 Chile's top court on Wednesday turned down appeals filed by communities and environmentalists against the controversial Dominga mining project, saying a final decision needs input from President Gabriel Boric's administration. Last year, environmentalists and surrounding communities appealed a... 

Chile's SQM profit soars on high lithium prices

By: Reuters     19th May 2022 Chilean miner SQM, a major producer of lithium, on Wednesday reported a near twelve-fold rise in quarterly profit as it benefited from higher prices of the metal used in electric-vehicle batteries. Net profit rose to $796-million in the first quarter ended March 31, while revenue nearly... 

Woodside shareholders back BHP merger

By: Esmarie Iannucci     19th May 2022 The shareholders of ASX-listed oil and gas major Woodside have voted overwhelmingly in favour of the merger with mining major BHP’s petroleum assets. More than 97% of the votes cast at the company’s annual general meeting on Thursday were done so in favour of the merger, which would give BHP... 

Image shows Woodside office building

Work to start on Chatree restart in July

By: Esmarie Iannucci     19th May 2022 Gold junior Kingsgate Consolidated has appointed engineering firm CR3 to refurbish and restart the Chatree gold mine, in Thailand. Mobilisation of CR3 personnel to Chatree is expected through June with work to commence in July. 

Strike reaches offtake deal for potential urea project

By: Esmarie Iannucci     19th May 2022 ASX-listed Strike Energy has selected US-based Koch Industries as the preferred bidder for the 1.4 million tonnes a year of granulated urea to be produced from Strike’s proposed Project Haber fertiliser development, in Western Australia. The preferred bidder status was awarded after a... 

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Magazine round up | 20 May 2022

Critical mineral demand of order of magnitude never seen – Sheila Khama

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Law firm drawing on giga-scale hydrogen project experience to derisk new ventures

Things looking interesting for platinum despite surplus

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Magazine round up | 13 May 2022

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