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Save the Smelters responds to ChromeSA’s ‘high-risk’ analysis 

By: Martin Creamer     Updated 4 hours ago The Save the SA Smelters movement, which has thrown its full weight behind the decision of the Cabinet to impose an export tax on raw chrome leaving the country, on Friday responded to the analysis of ChromeSA that the imposition of such a tax would be high risk. ChromeSA was formed late last... 

Picture of protestors holding Save SA Smelters placards
Placard-bearing Save SA Smelters members.

Afrimat closes Coza buyout; starts production at Jenkins

By: Donna Slater     Updated 5 hours ago Construction materials and industrial minerals supplier Afrimat reports that all conditions precedent to a sales share agreement to buy 100% of the issued ordinary shares of Coza Mining, totalling R300-million, have been fulfilled, making the transaction unconditional. With the completion of the... 

Sasol, NRF call for energy transition and green economy solution proposals 

By: Donna Slater     Updated 4 hours ago Integrated energy and chemicals company Sasol and the National Research Foundation (NRF) are requesting research proposals on science and engineering projects that can enable Sasol’s and South Africa’s energy transition, as well as the development of the country’s green economy. Of interest to... 

Iron-ore’s brutal collapse under $100 flags more trouble ahead 

By: Bloomberg     Updated 4 hours ago Iron-ore sank below $100/t as China’s moves to clean up its heavy-polluting industrial sector spurred a swift and brutal collapse. Prices have more than halved since peaking in May as the world’s biggest steelmaker intensifies production curbs to meet a target for lower volumes this year, and a... 

An image of iron-ore piles.

Nickel output poised for steady growth up to 2030

By: Marleny Arnoldi     17th September 2021 Research agency Fitch Solutions expects nickel mine production to grow strongly between 2021 and 2023, owing to less disruption from Covid-19 and amid a high price environment. The agency believes that output growth in the near term will be particularly driven by Indonesia, provided that it... 

An image of nickel ore being loaded.

Zinc output set to recover this year, says GlobalData

By: Marleny Arnoldi     17th September 2021 Data and analytics company GlobalData says zinc production is set to recover by about 5.2% this year, reaching 12.8-million tonnes, from a 5.9% decline in 2020, to 12.1-million tonnes. Looking at production over 2021 to 2025, the company forecasts a compound annual growth rate of 2.1% and for... 

Alrosa undertakes study following interaction between kimberlite and carbon dioxide

By: Donna Slater     17th September 2021 Russia-based diamond miner Alrosa has completed the first phase of a study, set to continue into 2023, into kimberlite’s ability to absorb carbon dioxide (CO2) from the atmosphere. This follows preliminary studies undertaken by Alrosa and Russian research centres showing a degree of interaction... 

An image of diamond sorting

Shipping disruptions delay Syrah shipments

By: Esmarie Iannucci     17th September 2021 Graphite miner Syrah Resources on Friday told shareholders that disruptions to the container shipping market has forced the company to delay some 12 000 t of natural graphite sales from its Balama operation, in Mozambique, from late September to early October. The company noted that natural... 

Ghana signs $1.2bn deal to develop its bauxite resources

By: Bloomberg     17th September 2021 Ghana has picked Rocksure International as a strategic partner to build a mine and refinery in a bid to develop an industry out of its untapped bauxite reserves. The Accra-based company will own a 70% stake in the project and the state-owned Ghana Integrated Aluminium Development Corp. will have... 

Guinea’s junta pledges continuity on mining policies after coup

By: Bloomberg     17th September 2021 Guinea’s military rulers provided “strong reassurance” to mining companies at a meeting Thursday after last week’s coup, said an official at the nation’s biggest bauxite producer. The new leadership “reinforced the message from their first speech reassuring the mining sector about its importance... 

GoldStone says Homase grade, tonnes to be within expectations

By: Donna Slater     17th September 2021 Having commissioned, in July and August, a carbon in solution (CIS) plant and having mining the first four benches of the Krodua pit within its Ghana-based Homase mine, Aim-listed gold explorer and developer GoldStone Resources reports that all indications thus far point to the grade and tonnes... 

Kavango Resources’ prospecting licences in Kalahari Copper Belt renewed

By: Tasneem Bulbulia     17th September 2021 London-listed Kavango Resources has announced the renewal of prospecting licences (PLs) PL082/2018 and PL083/2018, on which the LVR project is based, in the Kalahari Copper Belt (KCB). The LVR project is held in a joint venture between the company and LVR GeoExplorers. 

Senala Phase 1 and 2 drilling results point to continuation of Faré mineralisation trend

By: Donna Slater     17th September 2021 Aim-listed West Africa-focused explorer Oriole Resources reports that the final four holes drilled at its 472.5 km2 Senala project, in Senegal, has returned its best gold mineralisation grading yet of 8 m at 1 g/t from 112 m, which includes 1 m at 2.22 g/t and 2 m at 1.43 g/t. The drilling,... 

West Rand gold, junior mining, Pan African make headlines   

17th September 2021 This week, Mining Weekly Editor Martin Creamer unpacks West Wits Mining reviving a West Rand underground gold mine; the unexpected consequence that is causing South Africa’s junior mining dearth; Pan African's plans to reduce its reliance on Eskom for electricity.   

West Rand gold, junior mining, Pan African make headlines

Greenland prepares legislation to halt large rare-earth mine

By: Reuters     Updated 4 hours ago Greenland's new government is preparing legislation that will ban uranium mining and cease development of the Kvanefjeld mine, one of the biggest rare earth deposits in the world, the country's Mineral Resources Minister said. Kvanefjeld, owned by Australian mining firm Greenland Minerals and... 

An image showing an exploration site in Greenland.

Vale makes bumper $7.6bn dividend payout

By: Reuters     Updated 4 hours ago Brazil's Vale will pay 40.2-billion real ($7.6-billion) in first-half dividends, its largest payout since the miner's 2019 dam collapse which killed almost 300 people. Vale said in a securities filing released late on Thursday that its board had approved the distribution of 8.11 reais ($1.54)... 

An image of a Vale sign

Mining firms in Mexico must face 'strict' scrutiny, says senior official

By: Reuters     Updated 5 hours ago Mining companies in Mexico should expect tough environmental reviews given their projects' major impacts, a senior official told Reuters, insisting that a backlog of evaluations is easing despite industry claims that the opposite is true. A top-10 global producer of over a dozen minerals,... 

A generic image of underground mining.

Brazil drought to take bite out of top aluminiuim-maker earnings

By: Bloomberg     17th September 2021 Brazil’s worst drought in nearly a century is starting to show its potential damage to corporate results. Votorantim’s aluminum unit CBA, one of the country’s largest makers of the metal, said Thursday its Ebitda can dwindle by as much as 180-million reais ($34.2-million) in the second half of... 

BlackRock fund manager has cut almost all gold from portfolio

By: Bloomberg     17th September 2021 BlackRock fund manager Russ Koesterich has sold almost all of his gold holdings on expectations that real rates will normalise as the global economy rebounds. “Fourteen months ago, we had a fairly significant position in gold. Today, we’ve reduced it to almost zero,” Koesterich, the manager of... 

As uranium soars, top trust sees hedge funds fuelling demand lift

By: Bloomberg     17th September 2021 The Canadian firm behind the world’s only physical uranium fund said hedge funds and family offices are driving up demand for the radioactive metal used to fuel nuclear reactors. The Sprott Physical Uranium Trust has itself been on a buying spree, bolstering its stockpile by 45% in four weeks... 

Fancamp to become cornerstone investor in ScoZinc

By: Creamer Media Reporter      17th September 2021 TSX-V-listed ScoZinc Mining and Fancamp Exploration have terminated a previously announced arrangement agreement and, instead, the companies entered into a new agreement whereby Fancamp will become a cornerstone investor in ScoZinc. Fancamp will invest in ScoZinc by way of a C$1.3-million... 

Rio rolls out vaccine clinics

By: Esmarie Iannucci     17th September 2021 Diversified miner Rio Tinto this week officially opened the Covid-19 vaccination clinic, in Tom Price, aimed at boosting vaccination rates in the Pilbara. The clinic has been set up in partnership with the Western Australian government, and will operate through to September 21, but would return... 

Eneos, Fortescue to study Japan-Australia hydrogen supply chain

By: Reuters     17th September 2021 Japanese refiner Eneos Holdings and a unit of Australia's Fortescue Metals Group will examine collaborating on development of a green hydrogen supply chain between the two countries, it said on Thursday. Green hydrogen is a zero-carbon fuel made by using renewable power to split water into... 

Easter Iron raises funds

By: Esmarie Iannucci     17th September 2021 Junior Eastern Iron will raise A$3.57-million in a share placement, which will include a A$1.05-million share subscription from China’s Ya Hua International Investment and Development. The placement will be undertaken under the company’s existing placement capacity, and will be priced at 2.3c... 

Coal funding persists even as climate concern grows, report says

By: Bloomberg     17th September 2021 Coal might be the dirtiest word in climate politics in the run up to the United Nations COP26 summit, but that doesn’t mean financing for it has dried up. A total of $42 billion was committed to financing coal-fired power plants from 2013 to 2019 in 18 nations with the biggest percentage of... 

US miners decry mineral royalty plan floated in Congress

By: Reuters     17th September 2021 US mining companies are blasting proposals in Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric vehicles and other green... 

An image of the US Capitol building

Vale and Asian miner seek Brazil nod to fast-track mine projects

By: Bloomberg     17th September 2021 Mining giant Vale and an Asian-owned metals producer are among the first to tap a Brazilian program that aims to cut red tape and speed up mining projects in the South American nation. Vale and Sul Americana de Metais have qualified for a new policy adopted by Brazil’s Jair Bolsonaro... 

West Wits working to increase WBP resource

By: Esmarie Iannucci     17th September 2021 ASX-listed West Wits Mining on Friday said that it would begin the process of obtaining a new prospecting right to the south of the recently granted mining right at its Witwatersrand Basin project (WBP), in South Africa. “We are confident that we will be able to comply with the prospecting right... 

Venture suspends ops at Riley

By: Esmarie Iannucci     17th September 2021 ASX-listed Venture Minerals has temporarily suspended mining operations at its Riley iron-ore mine, in Tasmania, while it undertakes a review of the operation in order to identify cost efficiency measures. The suspension of operations comes after the mine achieve its first iron-ore shipment of... 

Image shows iron-ore export vessel

Kirkland Lake pays another dividend

By: Esmarie Iannucci     17th September 2021 Triple listed gold miner Kirkland Lake Gold has announced a dividend payment of 18.75c a common share for the third quarter of 2021, which will be issued on October 13. The miner told shareholders on Friday that the latest dividend payment represented the eighteenth quarterly dividend payment... 

Magazine round up | 17 September 2021 

17th September 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 17 September 2021

Harmony reaches wage agreement with five unions

By: Marleny Arnoldi     16th September 2021 Trade unions Solidarity, the Association of Mineworkers and Construction Union, the National Union of Mineworkers, Uasa and the National Union of Metalworkers of South Africa have reached a three-year wage agreement with JSE-listed Harmony Gold. The agreement makes provision for a 6% salary... 

Harmony's Doornkop mine
Harmony's Doornkop mine

Bush clearing, shaft rehab under way at West Wits gold revival project  

By: Martin Creamer     16th September 2021 Australia-listed West Wits Mining, which is considering a secondary listing on the JSE, has commenced bush clearing and old shaft rehabilitation west of Johannesburg, as part of its far-reaching revival plans for an area where gold mining took place as recently as 20 years ago. West Wits Mining,... 

West Wits Mining MD Jac van Heerden interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Russia may change tax for steel raw materials, fertilisers, Nornickel

By: Reuters     16th September 2021 Russia may set a new mineral extraction tax (MET) linked to global prices for the country's producers of iron ore, coking coal and fertilisers, as well as complex ore mined by Nornickel, four sources at companies familiar with talks told Reuters. Moscow has been searching for additional proceeds... 

Zimbabwe turns to Mozambique, Zambia to Ease 12-Hour Power Cuts

By: Bloomberg     16th September 2021 Zimbabwe asked Mozambique and Zambia to supply it with more electricity as it tries to fill a power shortfall that’s led to outages of 12 hours a day. “We are in discussions with Mozambique for the recently commissioned power plants to give us an additional 180 MW,” Energy Minister Soda Zhemu... 

Ugandan exports plunge 30% as gold shipments are halted over tax

By: Bloomberg     16th September 2021 Ugandan exports plunged in July as a new levy on gold, which vies with coffee as the nation’s leading trade product, halted shipments of the metal. Shipments from the East African nation fell 30% to $300.4-million from a year earlier, the Finance Ministry said in a statement on its website on... 

Operating in remote regions presents ‘golden opportunity’ for miners to improve lives – Barrick

By: Donna Slater     16th September 2021 Implementing its environment, social and governance (ESG) policies in remote regions in the Democratic Republic of Congo (DRC) has presented Barrick Gold with a “golden opportunity” to improve people’s lives in a challenging region, says Barrick Gold DRC country director Cyrille Mutombo. He spoke... 

ERG and NFC China to build special coke plant in Kazakhstan

By: Creamer Media Reporter      16th September 2021 Eurasian Resources Group (ERG) and China Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC China) have signed an engineering, procurement and construction (EPC) contract to build a special coke plant at Shubarkol Komir in Kazakhstan. The new 400 000 t/y plant will produce a... 

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West Rand gold, junior mining, Pan African make headlines

Magazine round up | 17 September 2021

Bush clearing, shaft rehab under way at West Wits gold revival project

Solar power set to reduce Pan African’s reliance on Eskom by 30%

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Pan African reports record profit, proposes highest ever dividend

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