R/€ = 17.62 Change: -0.02
R/$ = 17.66 Change: -0.03
Au 1721.25 $/oz Change: 13.63
Pt 928.41 $/oz Change: 14.41

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Investment required to meet mining’s decarbonisation, power challenges – PwC  

By: Martin Creamer     4th October 2022 South Africa’s mining sector will be required to make major investments into alternative and renewable energy sources and energy planning to address the dual challenges of decarbonisation and reliable power supply, PwC said on Tuesday when it launched its SA Mine report, which highlights mining’s... 

PwC’s SA Mine 2022 covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Anglo American, EDF form new joint renewable energy thrust 

By: Martin Creamer     4th October 2022 Diversified mining company Anglo American, in partnership with EDF Renewables, on Tuesday announced an agreement to form a new jointly owned company, Envusa Energy, to develop a regional renewable energy ecosystem in South Africa. The energy ecosystem is expected to catalyse economic activity in... 

Nolitha Fakude, the chairperson of Anglo American's Management Board in South Africa.
Photo by Creamer Media
Nolitha Fakude, the chairperson of Anglo American's Management Board in South Africa.

56 wind and solar projects bid into South Africa’s enlarged renewables round 

By: Terence Creamer     4th October 2022 A total of 56 wind and solar projects have been submitted by prospective bidders under the sixth bid window (BW6) of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPPP), which has been expanded to 4 200 MW from an initial allocation of 2 600 MW. The bids,... 

Wind and solar

Transnet tables new wage offer, applies to CCMA for conciliation

By: Schalk Burger     4th October 2022 State-owned Transnet has applied to the Commission for Conciliation, Mediation and Arbitration (CCMA) to convene conciliation discussions regarding the group’s current wage negotiations with labour unions. This follows after the unions rejected Transnet’s latest offer on October 3. 

A photo of rail and port infrastructure owned by Transnet

Combat energy poverty as well as achieve decarbonisation - Mantashe

By: Rebecca Campbell     4th October 2022 Mineral Resources and Energy Minister Gwede Mantashe on Tuesday warned that the need to transition to low-carbon energy sources sat “uncomfortably” with energy poverty in Africa. He did so in his keynote address at the Africa Oil Week 2022 conference in Cape Town. He pointed out that while Africa... 

Phalaborwa PEA demonstrates long-life, financially robust operation

By: Creamer Media Reporter      4th October 2022 A preliminary economic assessment (PEA) of LSE-listed Rainbow Rare Earth's Phalaborwa project, in South Africa, demonstrates a long-life and financially robust opportunity for Phalaborwa to become a significant supplier of high-purity rare earth oxides to the rapidly expanding permanent magnet... 

European benchmark ferrochrome price for the fourth quarter 17.2% lower q/q

By: Creamer Media Reporter      4th October 2022 JSE-listed Merafe Resources reports that the European benchmark ferrochrome price for the fourth quarter has been settled at $1.49/lb. This represents a 17.2% decrease from the benchmark price of $1.80/lb in the third quarter. 

Steelpoortdrift proves up for Vanadium Resources

By: Esmarie Iannucci     4th October 2022 A definitive feasibility study (DFS) into the Steelpoortdrift vanadium project, in South Africa, has confirmed the project’s economics, ASX-listed Vanadium Resources said on Tuesday. The Steelpoortdrift Project involves the open pit mining of an initial 1.6-million tonne a year (Year 1-4) of... 

Namibia Critical plans ‘significantly’ bigger rare earths mine

By: Mariaan Webb     4th October 2022 The Lofdal heavy rare earth project has the potential to be a "significantly" bigger operation than the previous studies, with Namibia Critical Metals on Monday unveiling the results of a new preliminary economic assessment (PEA). The new PEA works on a larger yearly run-of mine (RoM) and plant... 

Hwange Colliery suffers interim Z$3.97bn loss on back of foreign legacy debt

By: Donna Slater     4th October 2022 Despite a 52% increase in production and a 74% increase in sales for the six months to June 30, JSE-, ZSE- and LSE-listed Zimbabwe-based coal miner Hwange Colliery made a Z$3.97-billion loss in inflation-adjusted terms in the period – a 356% increase year-on-year. For the six months to June 30,... 

Marula invests in high-grade copper mining project in Tanzania

By: Tasneem Bulbulia     4th October 2022 Africa-focused mining investment company Marula Mining has entered into a binding heads of agreement with Tanzanian mining company Takela Mining Tanzania and has secured a 49% commercial interest in the Kinusi copper mining project, which comprises ten granted copper mining licences. The signing... 

Judge expects to issue judgment in Haib prospecting licence renewal case in Nov

By: Tasneem Bulbulia     4th October 2022 TSX-V-listed Deep-South Resources announces that the High Court of Namibia’s hearing of the review of the Minister’s decision not to renew the exploration and prospecting licence for the Haib copper project was held on October 3, and the judge indicated that a written judgment is to be expected... 

Kenmare buys back more than 90 000 shares

By: Tasneem Bulbulia     4th October 2022 London-listed Kenmare Resources announces that, following the closure of the odd-lot offer on September 30, the company has bought back 92 419 of its ordinary shares at £4.82 each. The odd-lot offer was announced on August 24 to reduce Kenmare’s shareholder base. As a result of its restructuring... 

BHP banking on ongoing demand for steel

By: Esmarie Iannucci     4th October 2022 Diversified miner BHP has made the case that steel, and in effect iron-ore, should also be classified as a critical mineral given it was essential for the decarbonation of power. Speaking at an investor day, BHP’s VP for market analysis and economics, Dr Huw McKay noted that power generation... 

Free State govt to build houses for Jagersfontein residents affected by dam burst

By: News24Wire      26th September 2022 The Free State government has announced it will be building about 160 houses for the Jagersfontein families who were displaced following a dam burst on September 11. Premier Sisi Ntombela said the province would be assisting the affected families with 160 new homes. Construction will start on... 

New fund-raising product appropriate for junior miners, says JSE  

By: Martin Creamer     23rd September 2022 The JSE has a new product that is appropriate for fund-raising by junior mining companies, JSE origination and deals head Sam Mokorosi said on Friday. Mokorosi, who was speaking at Minerals Council South Africa’s Junior and Emerging Miners Desk webinar, highlighted the new product against the... 

Minerals Council South Africa’s Junior Miner Webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Cosmos plans due this quarter - IGO

By: Esmarie Iannucci     Updated 11 minutes ago Battery metals miner Independence Group (IGO) is hoping to unveil an optimised plan for the recently acquired Cosmos operations, in Western Australia, by the end of the quarter. IGO previously took the decision to push back first concentrate production from late 2022 to mid-2023, allowing the... 

Mt Milligan mine life extended by four years to 2033

By: Creamer Media Reporter      Updated 1 hour 7 minutes ago Canadian miner Centerra Gold has provided a new life-of-mine (LoM) plan for the Mt Milligan mine, in British Columbia, including an extension of the mine life by four years to 2033. The deposit contains combined proven and probably mineral reserves of 246.2-million tonnes at 0.37 g/t gold and... 

Mt Milligan mine life extended by four years to 2033

Jaguar DFS and FID delayed

By: Esmarie Iannucci     Updated 1 hour 24 minutes ago ASX-listed Centaurus Metals has pushed back the completion of its definitive feasibility study (DFS) on its Jaguar nickel sulphide project, in Brazil, to mid-2023 rather than the end of March. A final investment decision for the project has also been pushed back to the fourth quarter of 2023,... 

Nickel West determined to exceed BHP's emissions targets

By: Esmarie Iannucci     Updated 1 hour 25 minutes ago Diversified miner BHP’s Nickel West is hoping to exceed the company’s corporate medium-term target to reduce emissions by at least 30% by 2030, from the 2020 levels. Speaking at the Paydirt Nickel conference, in Perth, BHP Nickel West GM for the Kalgoorlie nickel smelter, Matthew Terry noted... 

Victoria Gold sees lower output on conveyor belt failure

By: Mariaan Webb     Updated 2 hours 4 minutes ago Yukon-focused miner Victoria Gold will not meet its full-year production guidance of 165 000 oz, after its 1.5 km overland conveyor that links and delivers ore from the crushing plant to the heap-leach facility (HLC) at its Eagle mine failed. On September 29, the conveyor experienced a splice... 

Madison appoints strategy officer to manage Lux relationship

By: Mariaan Webb     Updated 2 hours 16 minutes ago CSE- and OTCQB-listed mining and exploration company Madison Metals has appointed Ryan Thompson new chief strategy officer. In his role, Thompson will manage Madison’s relationship with Lux Partners, among other duties. 

WA gov looking to partner on carbonation roadmap

By: Esmarie Iannucci     Updated 2 hours 27 minutes ago The Western Australian government will be looking for industry partners to support the mineral carbonation roadmap, which is due for delivery in February next year. The Minerals Research Institute of Western Australia is developing a roadmap to decarbonise Western Australia through integrated... 

WA resource exports hit record high

By: Esmarie Iannucci     Updated 2 hours 29 minutes ago Western Australia's resources sector reported record sales of A$231-billion and the highest-ever employment figures in 2021-22, the state government announced on Wednesday. This was the fourth financial year in a row the sector has delivered record sales, following A$151-billion in 2018-19,... 

Image shows ship with iron-ore loader

Sayona launches PFS at Moblan

By: Esmarie Iannucci     Updated 2 hours 33 minutes ago Lithium developer Sayona Mining has launched a prefeasibility study (PFS) on the Moblan lithium project, in northern Quebec. The company said on Wednesday that the studies will examine the development of a mine and concentrator north of Chibougamau, near Mistissini, with the Moblan project... 

FFI to invest €130m into German hydrogen

By: Esmarie Iannucci     Updated 2 hours 34 minutes ago Green energy company Fortescue Future Metals (FFI) has struck a strategic collaboration agreement with energy infrastructure developer Tree Energy Solutions (TES) to accelerate the development of a world leading green hydrogen and green energy import facility in Germany. Under the terms of the... 

De Grey sets A$150m raising target

By: Esmarie Iannucci     Updated 2 hours 36 minutes ago ASX-listed De Grey Mining has launched a A$150-million placement and share purchase plan (SPP) to fund definitive feasibility work and drilling at the Mallina gold project, in Western Australia. De Grey on Wednesday announced a fully underwritten share placement consisting of 130-million new... 

Coal revival threatens to push power sector emissions to record

By: Bloomberg     Updated 2 hours 39 minutes ago Global carbon emissions from power plants may be headed for a record high this year after summer droughts and heatwaves boosted coal- and natural gas-fired generation. The jump in fossil fuel use pushed emissions from electricity production up 1.7%, or 133-million tons, in the first eight months... 

New Equinox mine in Brazil reaches commercial milestone

By: Mariaan Webb     4th October 2022 Canadian miner Equinox Gold has achieved commercial production at its Santa Luz mine, in Brazil. “Santa Luz is our fourth operating mine in Brazil and represents 100,000 ounces of average annual production with mine life extension potential from near-mine surface targets, an underground deposit,... 

Union at Antofagasta's Los Pelambres mine expects labour deal to avoid strike

By: Reuters     4th October 2022 Supervisors at Antofagasta Minerals' Los Pelambres copper mine in Chile expect to reach a new contract agreement in a mandatory mediation process with the company, which is set to begin later this week to avoid a strike at the site, a union head said on Tuesday. Last week, 94% of union members... 

Former Glencore CEO contender to run metals trader IXM

By: Bloomberg     4th October 2022 Kenny Ives, who left Glencore after losing out in the race to succeed Ivan Glasenberg, will join metals trading house IXM as chief executive officer. IXM, the former metals trading unit of Louis Dreyfus Co, is one of the largest merchants of refined metal and ores. It is owned by China’s CMOC... 

Gold Fields sets shareholder vote date for Yamana deal

By: Reuters     4th October 2022 Shares in South Africa's Gold Fields jumped by 4% on Tuesday after the gold miner said shareholders would meet next month to vote on its proposed acquisition of Canada's Yamana Gold. Gold Fields announced in May that it had agreed a deal to take over Yamana in an all-share transaction that... 

Ferroglobe floats plans to restart Polokwane silicon metal plant

By: Donna Slater     4th October 2022 London-based silicon metal, silicon-based alloys and manganese-based specialty alloys producer Ferroglobe has plans to restart its 55 000 t/y silicon metal facility in Polokwane, in South Africa. Strong market demand for silicon metal is the driver behind Ferroglobe’s strategic plan to increase... 

Hurricane Ian affects Mosaic phosphate production

By: Creamer Media Reporter      4th October 2022 NYSE-listed Mosaic expects its full-year production to fall by between 200 000 t and 250 000 t, after Hurricane Ian caused modest damage to its facilities and supporting infrastructure in Florida. Repairs will be completed over the next one to two weeks, the company said on Monday. 

Desalination plant delay to hit Los Pelambres 2023 production

By: Mariaan Webb     4th October 2022 London-listed Antofagasta will lower its 2023 production guidance when it reports its third-quarter results later this month, following a delay in the completion of the desalination plant project, which is key to water availability at the Los Pelambres mine in Chile. Marine construction work on... 

Desalination plant delay to hit Los Pelambres 2023 production

Nyrstar's Port Pirie lead smelter to shut for 55 days

By: Reuters     4th October 2022 Nyrstar's Port Pirie lead smelter in Australia will shut for 55 days to implement capital expenditure to improve emissions and operational performance, the Belgium-based company said on Tuesday. Trafigura is a majority owner of Nyrstar, which declined to say how much lead Port Pirie produces.... 

Australia's Nickel Industries sees lower quarterly earnings as prices weaken

By: Reuters     4th October 2022 Australia's Nickel Industries on Monday forecast a slump in its quarterly operating earnings due to weakening nickel pig iron prices and said it would transition one of its Indonesian projects to a low-grade ore of the battery metal. Nickel Industries said it expects third-quarter earnings... 

BHP to receive 3 more LNG-fuelled bulk carriers in next 6-9 mths - exec

By: Reuters     4th October 2022 BHP Group expects to receive three more bulk carriers powered partly by liquefied natural gas (LNG) in the next six to nine months, part of the company's plans to cut emissions from shipping, a senior executive said. BHP, which received its first two LNG-fuelled vessels earlier this year, has... 

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