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R100bn green hydrogen/ammonia project secures special status 

By: Martin Creamer     6th December 2022 The race towards a just energy transition in South Africa's hardest hit region takes another big step forward with the Coega Green Ammonia project receiving government support to fast-track development. At last week's South Africa Green Hydrogen Summit in Cape Town, Public Works and... 

Hive Hydrogen South Africa executive chairperson Thulani Gcabashe.
Hive Hydrogen South Africa executive chairperson Thulani Gcabashe.

Loadshedding jumps to Stage 4 after more breakdowns

By: News24Wire      Updated 2 hours 23 minutes ago Stage 4 loadshedding will kick in from 09:00 on Wednesday, Eskom announced.  "Due to further breakdowns and delayed returns of generating units to service, Stage 4 load shedding will be implemented from 09:00 until further notice," spokesperson Sikonathi Mantshantsha said.  

An Eskom power station

TFR to increase emerging manganese miners’ rail allocation to 4Mt/y

By: Donna Slater     6th December 2022 State-owned Transnet Freight Rail (TFR) says it is easing the requirements for emerging manganese miners to transport their ore and products to the ports of Gqeberha and Saldanha, starting with new contracting and capacity allocation processes in an effort to avail capacity allocation. With a... 

Eskom moves to appeal Babcock boiler maintenance judgment 

By: Terence Creamer     6th December 2022 Eskom has given notice that it intends applying for leave to appeal a Gauteng High Court judgment setting aside a decision by the utility to exclude Babcock Ntuthuko Engineering from boiler maintenance contracts at 15 coal power stations, as well as an order that Eskom should conclude a fresh... 

AfriTin proposes changing its name to Andrada Mining

By: Darren Parker     6th December 2022 Aim-listed AfriTin Mining is seeking to change its name to Andrada Mining, reflecting the company’s expanding lithium and tantalum resources alongside its existing tin production, in Namibia. The company currently owns and operates the Uis tin mine. AfriTin management believes that the Uis... 

Uis mine

ERG and Gécamines restart operations at Boss  

By: Creamer Media Reporter      6th December 2022 Diversified mining company Eurasian Resources Group (ERG) and its joint venture partner, Gécamines, have restarted copper and cobalt operations at Boss Mining, in the Democratic Republic of Congo (DRC). The phased restart will concentrate on processing historically mined fines over the next 16... 

ERG and Gécamines restart operations at Boss  

Resolute completes retail raising

By: Esmarie Iannucci     Updated 1 hour 32 minutes ago Gold miner Resolute Mining has completed the retail component of its major capital raise, announced last month. The company on Wednesday said that the 1-for-1.1 partially underwritten accelerated non-renounceable pro-rata entitlement offer had closed on December 5, raising A$46-million at an... 

Aura successfully produces yellowcake from Tiris samples

By: Darren Parker     6th December 2022 Uranium producer Aura Energy has announced the successful production of yellowcake from beneficiation pilot plant concentrate samples from the company’s Tiris uranium project, in Mauritania. The production of yellowcake in the form of uranium oxide concentrate (UOC) from the samples is a key... 

yellowcake uranium

Edenville places shares to raise £400 000 to deal with capital constraints

By: Donna Slater     6th December 2022 Aim-listed energy company Edenville Energy has issued 5.71-million shares in an effort to raise £400 000 that it will use to provide additional working capital, to settle outstanding creditors and provide sufficient funds to meet any unexpected adverse judgement as a result of a legal claim. The... 

Test work on Blencowe’s Orom-Cross graphite project exceeds expectations

By: Darren Parker     6th December 2022 Additional metallurgical test work on London-listed Blencowe Resources’ Orom-Cross graphite project, in Northern Uganda, has been completed by technical specialist firm IMO based in Perth, Australia. Blencowe said on December 6 that the objectives of the test work have been met or exceeded in... 

Etango 8 proves up for Bannerman

By: Esmarie Iannucci     6th December 2022 A definitive feasibility study (DFS) into the Etango 8 uranium project, in Namibia, has confirmed the project’s economic viability, ASX-listed Bannerman Energy said. Based on a nameplate capacity of eight-million tonnes a year, the Etango project is expected to have a mine-life of some 15 years,... 

Partnership formed for circular, recycled battery materials

By: Donna Slater     6th December 2022 Recycling technology and supply chain platform ACE Green Recycling (ACE) and diversified miner Glencore have entered into a long-term supply agreement for recycled lead, as well as key battery metal based end products from recycled lithium-ion batteries. This strategic partnership will help... 

Gold Fields starts work on low-emissions truck

By: Esmarie Iannucci     6th December 2022 Gold miner Gold Fields and equipment manufacturer Epiroc have struck a memorandum of understanding (MoU) to partner on the development of a diesel-electric mine truck. The truck will combine a traditional combustion engine with electric drive system technology, providing the opportunity of... 

Rio, Oz Minerals and Boliden partner on tailings

By: Esmarie Iannucci     6th December 2022 Diversified miner Rio Tinto, copper miner Oz Minerals and Swedish metals major Boliden will partner on an initiative to manage tailings. Under the umbrella of the Think & Act Differently (TAD) incubator initiative the three companies will fund and support innovators who are working to reimagine... 

Nopsema weighing Barossa appeal fall-out

By: Esmarie Iannucci     Updated 32 minutes ago Australian Resources Minister Madeleine King will direct the National Offshore Petroleum Safety and Environmental Management Authority (Nopsema) to provide improved guidance to the oil and gas industry on consultation requirements following the Federal Court judgment in relation to the Barossa... 

Image shows offshore oil and gas operation

Investors flock to Bellevue raising

By: Esmarie Iannucci     Updated 1 hour 30 minutes ago Gold developer Bellevue Gold has completed a A$60-million institutional placement to de-risk its Western Australian gold operation. The company this week announced a A$70-million capital raise, which included the share placement and a share purchase plan (SPP) to raise a further A$10-million, to... 

Renascor sets A$70m raising target

By: Esmarie Iannucci     Updated 1 hour 31 minutes ago ASX-listed Renascor Resources is hoping to raise A$70-million in a fully underwritten institutional placement to progress its Siviour battery anode material (BAM) project, in South Australia. The company will issue 254.5-million shares, at a price of 27.5c each, representing a 14.1% discount to... 

Santos vows more returns to shareholders

By: Esmarie Iannucci     Updated 1 hour 34 minutes ago Oil and gas major Santos on Wednesday announced a simplified capital management framework which would see a minimum of at least 40% of annual free cash flow returned to shareholders. The company said in a statement that the revised capital framework seeks to maintain an appropriate capital... 

Strike finds its own way to Warrego shareholding

By: Esmarie Iannucci     Updated 1 hour 36 minutes ago While suitors Beach Energy and Hancock Energy have been in a bidding war over ASX-listed Warrego Energy, fellow listed Strike Energy has silently amassed a near 19.9% shareholding in the takeover target. Strike in November confirmed a confidential, non-binding indicative all-script merger... 

Glencore asks Russian court to halt Sberbank's 117-mln-euro claim, move hearings to Singapore

By: Reuters     Updated 3 hours ago  Global commodities trader Glencore asked a Moscow court on Tuesday to stop hearings relating to a €117-million lawsuit by Russia's largest lender, Sberbank, over unpaid oil supplies and move the deliberation to Singapore. According to the database of Moscow Arbitration Court, Sberbank was... 

Equinox sells Solaris shares for C$70.4m

By: Creamer Media Reporter      6th December 2022 Toronto-listed miner Equinox Gold has decreased its ownership in fellow-listed Solaris Gold to less than 10%, having sold 11-million shares in that company for C$70.4-million. Immediately prior to the transaction, Equinox owned 15 545 487 common shares of Solaris and warrants entitling the firm... 

Glencore says this time is different for coming copper shortage

By: Bloomberg     6th December 2022 Glencore added its voice to a chorus of miners warning of coming copper shortages, arguing that a “huge deficit” is looming for the crucial industrial metal. CEO Gary Nagle said that while some people were assuming that the industry would lift supplies as it had in previous cycles to meet a... 

An image of Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Renergen delivers first LNG to Ardagh Glass, Ceramic Industries

By: Darren Parker     6th December 2022 Natural gas and helium producer Renergen has announced the first of ongoing deliveries of liquefied natural gas (LNG) from Phase 1 of its Virginia gas project to glassmaker Ardagh Glass Packaging – previously Consol Glass – and Italtile subsidiary Ceramic Industries, following the completion of... 

Renergen CEO Stefano Marani
Renergen CEO Stefano Marani

Stage 3 continues as Eskom tries to save diesel

By: News24Wire      6th December 2022 Stage 3 loadshedding will be implemented on Tuesday afternoon at 16:00 to 05:00, and on Wednesday afternoon at the same time. Stage 2 loadshedding will continue being implemented at 05:00 to 16:00 daily until further notice. 

An Eskom power station

Energy crisis driving an acceleration in renewables installations – IEA

By: Donna Slater     6th December 2022 The global energy crisis is driving an unprecedented acceleration in the installation of renewable power, with total capacity growth worldwide set to almost double in the next five years to reach 2 400 GW by 2027, according to the ‘Renewables 2022’ report published by the International Energy... 

Rooftop solar
Photo by Creamer Media's Donna Slater
The International Energy Agency’s renewables growth forecast is 30% higher than the amount of growth that was forecast just a year ago

Paramount receives permit to drill at Bald Peak

By: Creamer Media Reporter      6th December 2022 NYSE American-listed Paramount Gold Nevada has received a permit from the US Forest Service to drill its Balk Peak project, in Nevada. The project is located in the Aurora-Borealis mining district, where Hecla Mining has produced more than two-million ounces of gold. With significant gold... 

Fortuna hikes Sunbird resource, finds new prospects at Séguéla

By: Creamer Media Reporter      6th December 2022 NYSE- and TSX-listed Fortuna Silver Mines has increased the mineral resource estimate of the Sunbird deposit at Séguéla, in Côte d’Ivoire, including maiden indicated resource of 3.2-million tonnes at an average grade of 2.74 g/t gold, containing 279 000 oz and an inferred resource of 4.2-million... 

Lithium price to retreat from record as electric car sales slow

By: Reuters     6th December 2022 Healthy demand from battery manufacturers and shortages have propelled lithium prices to records, but rising supplies and China removing subsidies for electric vehicles mean a retreat is on the cards. Battery grade lithium prices trading near $85 000 a tonne are more than double the levels seen... 

Manchin’s energy-permitting reform Bill may get another chance

By: Bloomberg     6th December 2022 A previously-stalled legislative effort to fast-track energy projects backed by West Virginia Senator Joe Manchin could be attached to a must-pass defense bill after a last-minute push by Democratic leadership, people familiar with the effort said. Negotiations about attaching the legislation,... 

Morocco eyes huge hydrogen projects for export to Europe

By: Bloomberg     6th December 2022 Morocco is considering partnering with Gautam Adani – Asia’s richest person – on a large-scale hydrogen project amid a renewable energy push to meet demand at home and in Europe. Authorities are thinking of signing final investment decisions for “at least two competitive industrial projects” in... 

Adventus draws down $13m early deposit from Wheaton

By: Creamer Media Reporter      6th December 2022 Ecuador-focused Adventus Mining has drawn down the $13-million early deposit from Wheaton Precious Metals as part of the $175.5-million precious metals stream commitment to the El Domo copper/gold project. The early deposit has no cost or fees for 18 months, after which it is expected to be... 

Lundin appoints Jack Lundin as president

By: Creamer Media Reporter      6th December 2022 Toronto-listed Lundin Mining has appointed Jack Lundin as president with immediate effect. Concurrently, Lundin has stepped down from the Canadian base metals company's board of directors. "We are excited to welcome Jack to the management team of Lundin Mining," commented CEO Peter Rockandel. 

Canadian Solar to supply modules for 256 MW North West projects

By: Creamer Media Reporter      6th December 2022 Solar technology group Canadian Solar has announced that its majority-owned subsidiary CSI Solar had signed a 256 MW module contract with SOLA Group, the Cape Town-based independent power producer that is building two utility-scale projects in South Africa on the back of pioneering private power... 

WA invests A$22m to slash green energy approval times

By: Esmarie Iannucci     6th December 2022 The Western Australian government has announced a A$22.5-million investment to overhaul environmental approvals in order to shorten the approval timeframes for green energy projects. A new multi-pronged approach will help to drive investment in conventional wind, solar and wave power generators,... 

Argonaut to sell Mexico projects as focus shifts to Ontario mine

By: Mariaan Webb     6th December 2022 Toronto-listed Argonaut Gold said on Monday that it would sell its projects in Mexico to junior explorer Heliostar Metals, as its focus shifts to its cornerstone asset, the Magino gold mine, in Ontario, Canada. “This agreement allows Argonaut to potentially unlock value in two non-core Mexican... 

Clough's collapse leaves more than $8bn in projects in limbo

By: Reuters     6th December 2022 More than $8-billion worth of gas, power, rail and mining projects across Australia, Mongolia and Papua New Guinea face delays following the collapse of engineering firm Clough on Monday. Projects that could be hit include the expansion of the Oyu Tolgoi copper mine in Mongolia, run by Rio Tinto,... 

The expansion of the Oyu Tolgoi copper mine may be affected by the collapse of Clough.
The expansion of the Oyu Tolgoi copper mine may be affected by the collapse of Clough.

Gascoyne Resources remains in limbo

By: Esmarie Iannucci     6th December 2022 The shares of embattled gold miner Gascoyne Resources will remain suspended until the end of February as it works towards finalising its financial restructuring programme. The ASX-listed company in early November launched a review of its operating strategy, suspending operations at its... 

Hydrogen fed into WA gas network

By: Esmarie Iannucci     6th December 2022 Renewable hydrogen has been blended into the Western Australian natural gas network for the first time, as the state’s first high-speed hydrogen refueller officially opened. Natural gas company ATCO has begun blending a small percentage of renewable hydrogen into a portion of the natural gas... 

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