R/€ = 17.9901 Change: 0.0619
R/$ = 17.2271 Change: 0.0085
Au 1779.22 $/oz Change: 10.80
Pt 1043.00 $/oz Change: 5.40

Email me free daily news

Email address

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.

Rio sets out targets for 2023

By: Esmarie Iannucci     Updated 2 hours 23 minutes ago Diversified miner Rio Tinto has set out its production growth and decarbonisation targets in an investor seminar. The miner told investors this week that the energy transition expected to add as much as 25% in new demand above traditional sources on a copper equivalent basis across the group's... 

Image shows a Rio Tinto branded hard hat

Anglo makes management changes as technical director O’Neill retires

By: Creamer Media Reporter      30th November 2022 Diversified mining major Anglo American on Tuesday announced senior leadership changes, following Tony O’Neill’s decision to retire as technical director and to step down from the group management committee at the end of the year. He would also step down from the Anglo American board on the same... 

Tony O'Neill is retiring at the end of December
Tony O'Neill is retiring at the end of December

UK-listed Contango plans thermal coal exports from Zimbabwe in 2023

By: Reuters     Updated 42 minutes ago London-listed Contango Holdings plans to start exporting thermal coal early next year from its Zimbabwe mine following requests from customers in Europe and Asia, the company said on Wednesday. Zimbabwe's neighbour South Africa saw an eight-fold increase in coal exports to Europe during the first... 

Low risk of further breaches at Williamson TSF, but production restart pushed to mid-2023

By: Schalk Burger     30th November 2022 LSE-listed diamond producer Petra Diamonds' assessment team has concluded that there is a low risk of further breaches of the tailings storage facility (TSF) at the Williamson mine, in Tanzania, or a breach of the New Alamasi water dam. This follows the November 7 breach of the eastern wall of... 

Triton sticks to plan at Ancuabe

By: Esmarie Iannucci     Updated 59 minutes ago ASX-listed Triton Minerals has re-committed itself to the full-scale development of its Ancuabe graphite project, in Mozambique, as envisioned in a 2017 definitive feasibility study (DFS). The company told shareholders on Thursday that the decision to move straight to a large-scale development... 

More Eskom arrests as coal truck driver, supervisor apprehended at Matla station

By: News24Wire      30th November 2022 A truck driver and his supervisor were arrested for allegedly swapping out good-quality coal, and delivering sub-standard product to Eskom’s Matla power station on Monday. "The arrests took place after the truck driver was found to be in possession of sub-grade coal destined for the facility. The... 

New CEO for Buffalo Coal, Oosthuizen becomes CFO

By: Mariaan Webb     30th November 2022 South African coal company Buffalo Coal announced on Wednesday that Emma Oosthuizen had resigned as CEO of the company by triggering the termination clause of her employment contract. This follows the change of control of ownership of Buffalo Coal, with Belvedere Resources now the majority... 

Marula secures option on graphite licences in Tanzania

By: Marleny Arnoldi     30th November 2022 London-headquartered Marula Mining has entered into a binding head of agreement with Tanzanian miner Kusini Gateway Industrial Park (KGIP) to secure a 73% commercial interest in the Bagamoyo graphite project, in Tanzania. The project extends over 180 ha and comprises 22 granted graphite mining... 

NMP completes final ESIA after years of battling for Sandpiper project approval  

By: Marleny Arnoldi     30th November 2022 Namibian Marine Phosphate (NMP) says it has completed a final environmental- and social-impact assessment (ESIA), which includes the current and best available scientific data for the area in the ocean where it intends to mine phosphate. The company has since 2012 struggled to get through the... 

Zimbabwe says China's Tsingshan to set up lithium operations

By: Reuters     30th November 2022 Zimbabwe has signed an agreement with Tsingshan Holdings Group, which plans to set up lithium mining and processing operations in the southern African country, President Emmerson Mnangagwa said on Tuesday. Tsingshan, one of the world's top nickel producers, is currently building a $1-billion... 

Thor Explorations posts $4.1m net profit for the third quarter

By: Schalk Burger     30th November 2022 Aim-listed mineral exploration company Thor Explorations (THX) says gold sales generated revenue of $55.7-million for the quarter ended September 30, and $121.9-million for the nine months ended September 30. The company achieved net profit of $4.1-million for the quarter and $10.4-million for... 

Copper heads for best month since April 2021

By: Bloomberg     30th November 2022 Copper is poised for its biggest monthly advance since April last year, as investors bet China may shift from Covid-Zero policies and boost demand in the top metal-consuming economy. Prices have increased about 8% on the London Metal Exchange in November, snapping seven months of losses. China... 

China's lithium newcomer Zijin eyes rich returns from battery demand

By: Reuters     Updated 5 minutes ago The head of China's Zijin Mining Group said lithium prices now at record levels could halve by end-2025, telling the Reuters NEXT conference however the miner would still forge ahead with heavy investment in the sector. The company, China's top gold extractor and a leading producer of copper, has... 

Energy giants lose bid to win compensation for forced coal plant closures

By: Bloomberg     Updated 7 minutes ago Uniper and RWE lost a bid to get compensation from the Netherlands government over the forced early closing of their coal plants in the country. A Dutch court ruled Wednesday that the energy giants weren’t entitled to payouts after the country adopted a law in 2019 that ordered all coal plants to... 

Rock Edge to acquire 70% of Superb Lake lithium property

By: Tasneem Bulbulia     Updated 14 minutes ago Canadian minerals exploration company Rock Edge Resources has signed an option agreement with Medaro Mining to acquire a 70% interest in the Superb Lake lithium project, located in the Thunder Bay mining district of northwestern Ontario. The property comprises about 2 378 ha of land in the O’... 

Barclays coal plan exposes reach of Biden’s Inflation Reduction Act

By: Bloomberg     Updated 36 minutes ago The Inflation Reduction Act (IRA) is starting to change the way bankers view their climate targets. Barclays, one of Europe’s biggest coal financiers, said its analysis of the IRA has led it to commit to wind down its funding for coal in the US five years earlier than planned. CEO CS... 

WTO backs EU in nickel dispute, Indonesia plans appeal

By: Reuters     Updated 49 minutes ago The World Trade Organization (WTO) ruled in favour of the European Union (EU) in a dispute over a ban on nickel ore exports with Indonesia, prompting Indonesia's president to say his country would appeal. Speaking at an investment event, President Joko Widodo vowed the WTO ruling would not deter... 

The WTO head office in Geneva

Warrego looks to Beach for higher bid

By: Esmarie Iannucci     Updated 2 hours 15 minutes ago Takeover target Warrego Energy is looking at suitor Beach Energy to increase its takeover offer, after deeming a competing bid from Hancock Energy to be a ‘superior proposal’. Hancock Energy on Wednesday announced an all-cash offer of 23c a share for all of the shares in Warrego, trumping a... 

Consortium looks at green energy project in Qld

By: Esmarie Iannucci     Updated 2 hours 19 minutes ago An energy consortium, consisting of Queensland government-owned energy company CS Energy, Idemitsu Australia, and Energy Estate, will jointly study the feasibility of generating and exporting green ammonia from the Port of Abbot Point near Bowen. The North Queensland Clean Energy (HyNQ) project... 

Poseidon raises cash for Black Swan restart

By: Esmarie Iannucci     Updated 2 hours 24 minutes ago Nickel developer Poseidon will raise up to A$9-million to progress the restart of its Black Swan project, in Western Australia. The company has received firm commitments for the placement of 171.5-million shares, at a price of 3.5 each, to raise an initial A$6-million under its existing... 

Red Dirt hoping to raise A$60m for lithium hunt

By: Esmarie Iannucci     Updated 2 hours 27 minutes ago ASX-listed Red Dirt Metals has set a A$55-million capital raise target to fund its lithium growth plans in Western Australia. The company on Thursday announced plans to undertake a two-tranche share placement of some 110-million new shares, priced at 50c each, to raise A$55-million. 

Resources Watch  

30th November 2022 This week: Sedibelo Platinum will now have wind power as well as solar and smelterless technology; Platinum moving into meaningful deficit amid emergent source of new end-demand; and, New implements to complement tailings testing portfolio 

Resources Watch

Rio Tinto 2023 iron-ore shipments seen in line with 2022 view

By: Reuters     30th November 2022 Global miner Rio Tinto said on Wednesday its iron ore shipments in 2023 would be in the same range as this year's forecast, and warned costs would be higher. The Anglo-Australian miner expects to ship between 320-million tonnes and 335-million tonnes of the steel-making ingredient next year. It... 

Business groups warn Congress must act soon to avert 'catastrophic' rail strike

By: Bloomberg     30th November 2022 Business groups are signaling the alarm that President Joe Biden’s call for Congress to intervene in a US rail labor dispute could come too late to stop a potential shutdown of transportation arteries vital to the broader economy. Biden has lined up support from both Democratic and Republican... 

Former Nutrien exec to act as strategic adviser to Arianne

By: Mariaan Webb     30th November 2022 Development-stage phosphate mining company Arianne Phosphate has appointed Raef Sully – a 10-year veteran of Nutrien and its predecessor Potash Corp – as a strategic adviser. Sully has most recently served as Nutrien executive VP and CEO of the nitrogen and phosphate divisions, where he was... 

Employee dies at Alamos’ Young-Davidson mine

By: Creamer Media Reporter      30th November 2022 Mining company Alamos Gold on Tuesday reported that a worker had died at its Young-Davidson mine, in Ontario, in an underground accident. “We are shocked and deeply saddened by the loss of our colleague. Nothing is more important than the safety of our employees. On behalf of the entire team at... 

Strategic investor puts $12m into FPX Nickel

By: Mariaan Webb     30th November 2022 TSX-V-listed FPX Nickel has entered into a subscription agreement for a private placement financing with a new corporate strategic investor, raising gross proceeds of $12-million that it plans to use for the continued development of its nickel project in British Columbia. Under the terms of the... 

SilverCrest refinances $120m project facility

By: Mariaan Webb     30th November 2022 Vancouver-headquartered SilverCrest has refinanced its $120-million secured project facility, of which it had drawn $90-million, with a new senior secured credit facility through a syndicate of lenders comprising The Bank of Nova Scotia and Bank of Montreal. The new $120-million credit facility... 

Lundin Gold forecast more than 400 000 oz/y for next three years

By: Mariaan Webb     30th November 2022 Canada-based Lundin Gold has published its three-year production guidance, with its outlook for the Fruta del Norte mine, in Ecuador, well above 400 000 oz/y until between 2023 and 2025. “Now that the South Ventilation Raise has been completed, the additional ventilation will allow us to... 

Australian Strategic Materials seeking investors for Dubbo rare earths project

By: Reuters     30th November 2022 Rare earths producer Australian Strategic Materials (ASM) is seeking investors for its Dubbo project in New South Wales state, the company's CEO Rowena Smith said on Wednesday. "So we are looking for offtake partners who will then take an equity portion in the project," Smith told Reuters at... 

Australian battery metal players key to South Korea's EV ambition

By: Reuters     30th November 2022 Australia will play a big role in South Korea's ambition to lead the electric vehicle batteries market and diversify from China for its battery metals needs, a top South Korean executive said on Wednesday. Ben Bosung Kim, the MD for steel giant POSCO in Australia, said the company has already... 

Indonesia plans to appeal after losing WTO nickel dispute with EU

By: Reuters     30th November 2022 Indonesia's president said on Wednesday his country would appeal a trade dispute ruling that he stated had gone in favour of the European Union, which had sued Indonesia over its 2020 ban on exports of nickel ore. Speaking at an investment event, President Joko Widodo vowed the World Trade... 

Royalty firm URC opts to receive physical uranium from McArthur River

By: Mariaan Webb     30th November 2022 Nasdaq- and TSX-V-listed Uranium Royalty Corp (URC) has elected to receive royalty proceeds from the recently re-started McArthur River mine, in Canada, through the delivery of physical uranium. URC’s royalty interest applies to Orano Canada’s 30.195% ownership interest in the McArthur River... 

Royalty firm URC opts to receive physical uranium from McArthur River

Viking joins Flinders in Canegrass

By: Esmarie Iannucci     30th November 2022 Junior Viking Mines has inked a binding agreement with Flinders Mines to earn up to a 99% interest in the Canegrass battery minerals project, in Western Australia. Under the terms of a farm-in agreement, Viking would acquire the majority interest in the project by spending A$4-million... 

Global Lithium completes SPP

By: Esmarie Iannucci     30th November 2022 Lithium developer Global Lithium Resources has completed its A$10.1-million share purchase plan (SPP) as part of the funding solution to fund the Manna lithium project acquisition. Global said on Wednesday that the company had received valid applications exceeding A$13.8-million, with the average... 

Woodside brings Traditional Owners in on power project

By: Esmarie Iannucci     30th November 2022 Oil and gas major Woodside has entered into a bilateral Indigenous Land Use Agreement and a modern benefits-sharing and relationship agreement with the Ngarluma Aboriginal Corporation (NAC) over the proposed Woodside power project in the Pilbara. Woodside is currently investigating the supply of... 

Metallica raises cash to advance Cape Flattery

By: Esmarie Iannucci     30th November 2022 ASX-listed Metallica Minerals will raise some A$9.6-million through a fully underwritten share placement and a fully underwritten non-renounceable pro-rata entitlement offer to progress its Cape Flattery silica sands project, in the Cape York Peninsula. The company was aiming to raise just under... 

Latest News  by  


Company Post


Latest Videos and Audio

Resources Watch

Australia’s platinum pioneer highlighting greenness, mulling smelterless tech

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds

Crime, platinum demand, R1bn fuel cell factory make headlines

Magazine round up | 25 November 2022

New implements to complement tailings testing portfolio

Platinum moving into meaningful deficit amid emergent source of new end-demand

Sedibelo Platinum will now have wind power as well as solar and smelterless technology


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