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South Africa's RBCT exports lowest coal tonnage since 1996  

By: Martin Creamer     25th January 2022 The Richards Bay Coal Terminal (RBCT) last year exported its lowest volume of coal since 1996. In exporting 58.72-million tons of coal, RBCT was 11-milion tons down on what it achieved in 2020 and 18-million tons down on its 77-million-ton budget for the 2021 year. 

Richards Bay Coal Terminal media brief covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South African pure copper play to list in the first half of 2022 

By: Darren Parker     25th January 2022 Premium grade copper producer Big Tree Copper plans to list on the JSE and/or the Cape Town Stock Exchange (CTSE) in the first half of 2022 as it marches towards full production. The company’s business centres on recycling previously dumped mining waste through above ground processing at the... 

A photo of Big Tree Copper CEO Jan Nelson
Photo by Creamer Media
Big Tree Copper CEO Jan Nelson

DMRE turns investment drive focus to North West  

By: Marleny Arnoldi     25th January 2022 The Department of Mineral Resources and Energy (DMRE), together with the provincial government of North West, are increasing efforts to garner investment into and effect transformation in the province’s mining sector. Speaking during a North West Mining and Energy Investment conference on... 

South African growth to slow to 2.1% in 2022 – Fitch Solutions 

By: Terence Creamer     25th January 2022 Fitch Solutions expects growth in South Africa to slow to only 2.1% in 2022, having expanded by an estimated 4.8% last year, as the base effects of 2021 fade and longstanding constraints come to the fore once again. Lacklustre economic activity in South Africa would also weigh on the performance... 

Fitch Solutions expects commodity prices to moderate in 2022
Fitch Solutions expects commodity prices to moderate in 2022

Australian miners continue in Burkina Faso, despite unrest

By: Esmarie Iannucci     25th January 2022 Australian companies operating in Burkina Faso are continuing to operate unabated, despite political unrest. Reports have emerged that the military had seized power and had overthrown President Roch Kaboré. 

CoE to vote against mining company chairs over dam safety

By: Reuters     25th January 2022 The Church of England (CoE) Pensions Board said on Tuesday it planned to vote against the re-election of company chairs of 183 mining companies unless they sign up to a new global standard on managing mine waste. Created by a 100-strong group of investors representing $20-trillion in assets in... 

These investors are sticking with gold despite easy money ending

By: Bloomberg     25th January 2022 The end of an easy-money era should normally spell bad news for gold. But right now, fund managers are keeping their holdings. At a time when equities and Bitcoin -- often touted as digital gold -- are sinking as loose monetary policy draws to a close, bullion exchange-traded fund holdings are... 

Perseus sets 2022 guidance at at least 471 000 oz

By: Marleny Arnoldi     25th January 2022 ASX-listed Perseus Mining’s financial position continues to strengthen, with the company reporting net cash of $162-million as at December 31. This follows the company returning $13-million of capital to shareholders, reducing debt by $50-million and investing $11-million in organic growth... 

Barrick’s previously ailing Tanzanian gold mines declared tier one assets

By: Darren Parker     25th January 2022 Gold mining group Barrick Gold’s North Mara and Bulyanhulu gold mines, in Tanzania, have both been declared as tier-one assets, Barrick said in a statement on January 25. A tier one gold asset has a reserve potential to deliver a minimum ten-year life, production of at least 500 000 oz/y of gold... 

A photo of Bulyanhulu mine in Tanzania underground
Bulyanhulu mine in Tanzania

Agreement inked to develop hydrogen recycling of end-of-life wind turbine magnets

By: Donna Slater     25th January 2022 Magnet metal and rare earths miner Pensana has signed a cooperation agreement with oil, gas and wind power company Equinor, forming a working group to share technical and commercial information to develop a low-energy method for recycling end-of-life magnets at Pensana’s rare earths hub in the... 

BlueRock sells 6.8ct diamond for $63 186

By: Tasneem Bulbulia     25th January 2022 Aim-listed BlueRock Diamonds has sold a 6.8 ct diamond recovered from its Kareevlei mine in South Africa for $63 186 in its January sale. "We recently announced we had two potentially high-value stones to sell in the January tender and, although one fell under our $50 000 disclosure threshold, we... 

Akobo Minerals appoints head of ESG developments

By: Tasneem Bulbulia     25th January 2022 Scandinavian-based Akobo Minerals, which has gold exploration assets in Ethiopia, has appointed Dr Cathryn MacCallum as head of environmental, social and governance (ESG) to advance the company’s ESG programme. She will take up the post on February 1 as part of the company’s management team. 

Drilling programme shows potential for large resource at Aton’s Rodruin

By: Tasneem Bulbulia     25th January 2022 TSX-V-listed Aton Resources has recorded first assay results from the Phase 2 diamond drilling programme at its Rodruin gold exploration project. Interim CEO Tonno Vahk says these results clearly indicate the potential for a large openpittable oxide gold resource at Rodruin, with the... 

McKinsey pegs the price tag of a livable climate at $9.2tr a year

By: Bloomberg     25th January 2022 A new analysis from McKinsey & Co. estimates that the investment, in new infrastructure and systems, needed to meet international climate goals could be $9.2-trillion a year through 2050. That’s at least $3.5-trillion more a year than the world is currently laying out for both low-carbon and... 

Environmental groups sue to undo 2017 PolyMet mine deal in Minnesota

By: Reuters     Updated 4 minutes ago Environmentalists sued the US Forest Service on Tuesday in an attempt to reverse a 2017 land transfer that gave PolyMet Mining more than 2 670 ha needed to build an open pit copper and gold mine in northern Minnesota. The suit, led by the Center for Biological Diversity (CBD), claims the project... 

Canadian firms say Burkina Faso mines continue to operate

By: Mariaan Webb     Updated 21 minutes ago Mines owned and operated by Canadian mining companies in Burkina Faso are continuing to operate unaffected by the political situation in that country. Canadian miner Iamgold said that the supply chains for its Essakane mine, located about 330 km from the capital Ouagadougou, had not been... 

Teck joins rivals with stake in startup tapping copper from waste rock

By: Bloomberg     Updated 54 minutes ago Canadian miner Teck Resources bought a stake in a US startup that can extract copper out of waste rock, as concerns mount about shortages of one of the metals key to the energy transition. Teck joins BHP Group and Freeport-McMoRan as shareholders in Jetti Resources, which has developed... 

Mantashe: SA must oppose 'investment killing' foreign-funded lobby

By: News24Wire      25th January 2022 South Africa must oppose a foreign-funded anti-development agenda if it has any chance at growing its extractive industries for the benefit of the economy, Mineral Resources and Energy Minister Gwede Mantashe has said. Speaking at the North West provincial mining and energy investment conference... 

Mineral Resources and Energy Minister Gwede Mantashe
Mineral Resources and Energy Minister Gwede Mantashe

Moody's cuts Kyrgyzstan's rating after gold mine nationalisation

By: Reuters     25th January 2022 Rating agency Moody's cut Kyrgyzstan's credit rating to B3 from B2, saying the authorities' decision to nationalise the Central Asian nation's largest gold mine last year indicated weak governance and investment climate deterioration. The Bishkek government took over the Kumtor gold mine last... 

Bell Equipment supplies 12 ADTs to Ikoti Coal

By: Simone Liedtke     25th January 2022 Twelve locally manufactured B45E articulated dump trucks (ADTs) were recently handed over to locally-owned and -operated miner Alfieri Holdings, which operates Ikoti Coal, in Mpumalanga. These ADTs, industry cluster organisation Mining Equipment Manufacturers of South Africa (Memsa) says, are the... 

Pictured: Enock Mabaso, Zabilon Inama, Gary Bell, Branden Moodley, and Bruce Ndlela.
Pictured: Enock Mabaso, Zabilon Inama, Gary Bell, Branden Moodley, and Bruce Ndlela.

Galantas takes $1m loan to get Omagh over finish line

By: Mariaan Webb     25th January 2022 TSX-V-listed Galantas Gold has entered into a loan agreement for $1.06-million with Ocean Partners to continue development of the Omagh gold project, in Northern Ireland. Thanking Ocean Partners for their support, Galantas CEO Mario Stifano stated that the mine would enter production by the end... 

Ero Copper to raise $400m for debt repayment, mine capex

By: Mariaan Webb     25th January 2022 Vancouver-headquartered Ero Copper on Monday announced an offering of $400-million of senior notes to restructure its debt and for capital expenditure (capex) related to a planned new mine in Brazil. The company would use the proceeds from the offering, together with cash on hand, to repay the... 

Rio Tinto CEO concerned about Serbian PM's comments on lithium project

By: Reuters     25th January 2022 Rio Tinto's chief executive said on Tuesday he was concerned about the Serbian prime minister's comments against the company's lithium project, in his first remarks after Belgrade revoked the global mining company's exploration licences. Bowing to environmentalists, Serbian Prime Minister Ana... 

Iron-ore futures rise as miners face labour shortage in Australia

By: Reuters     25th January 2022 Iron-ore futures in China and Singapore rose on Tuesday after miner Fortescue Metals Group raised concerns over a labour shortage in Australia because of Covid-19 curbs, which could hamper output and shipments of the steelmaking ingredient. Bigger rivals BHP Group and Rio Tinto have also warned... 

Sayona adds to Canadian footprint

By: Esmarie Iannucci     25th January 2022 Lithium developer Sayona Mining has acquired 121 new claims west of the Moblan lithium project, significantly expanding the footprint of its Northern Québec lithium hub. Located 3.5km west of the Moblan project, the new claims, known as the Lac Albert project, span 6 592 ha and will be... 

Agrimin inks another offtake for Mackay

By: Esmarie Iannucci     25th January 2022 ASX-listed Agrimin has inked a binding offtake agreement with global fertiliser trader Nitron for the supply of 115 000 t/y of sulphate of potash (SoP) produced from the Mackay project, in Western Australia. The SoP will be distributed in Latin America, Mexico, the Caribbean and Africa under the... 

EcoGraf produces first GreenRECARB product

By: Esmarie Iannucci     25th January 2022 ASX-listed EcoGraf on Tuesday reported the production of its first GreenRECARB products as part of its global product development program for the new EcoGraf battery anode material (BAM) facility, in Western Australia. GreenRECARB is a recarburiser additive for use in electric arc and induction... 

Minnesota court orders review of water permit for PolyMet mine

By: Reuters     25th January 2022 The Minnesota Court of Appeals on Monday ordered state regulators to reconsider a wastewater permit that was granted to PolyMet Mining to build an open-pit copper mine, though judges rejected six other challenges to the permit from environmentalists. The appeals court ordered the Minnesota... 

Fortescue sets record half

By: Esmarie Iannucci     25th January 2022 Iron-ore major Fortescue Metals has reported record iron-ore shipments in the half-year ended December, with shipments reaching 93.1-million tonnes in the half year, up 3% on the previous corresponding period. Fortescue on Tuesday reported that iron-ore shipments in the three months to December... 

BHP starts Spence automation

By: Esmarie Iannucci     25th January 2022 Major BHP has started autonomous drilling at its Spence copper operation, in Chile. The miner said on Tuesday that five autonomous drills will gradually be put into operation at Spence, with the company hoping that 100% of its drill pool would eventually becoming autonomous. 

Rio strikes deal to start Oyu Tolgoi underground

By: Esmarie Iannucci     25th January 2022 Diversified miner Rio Tinto has announced the restart of underground operations at the Oyu Tolgoi project, in Mongolia, after reaching an agreement with the government of Mongolia. Rio said in a statement that the agreement will move the Oyu Tolgoi project forward, resetting the relationship... 

Image shows underground workings at Oyu Tolgoi

Kamoa-Kakula nears Phase 2 completion, Ivanhoe bids Farren farewell 

By: Donna Slater     24th January 2022 TSX-listed Ivanhoe Mines reports that the 3.8-million-tonne-a-year Phase 2 concentrator plant at its 39.6%-owned Kamoa-Kakula project in the Democratic Republic of Congo is expected to be 93% complete by January 31, with hot commissioning of the concentrator on track to start in April. Ivanhoe... 

An image of Kamoa Kakula's Phase 2 plant
Kamoa Kakula's Phase 2 concentrator plant

Many seeing platinum as hard asset, potential inflation hedge – WPIC  

By: Martin Creamer     24th January 2022 There are a lot more people looking at platinum as a hard asset and potential hedge against inflation, World Platinum Investment Council director of research Trevor Raymond said on Monday. Responding to Mining Weekly’s questions on what has been driving the platinum up over the last two weeks,... 

WPIC Director of Research Trevor Raymond interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Vedanta appoints Black Mountain mine GM

By: Donna Slater     24th January 2022 Zinc producer Vedanta Zinc International (VZI) has appointed Xolani Qamata Black Mountain mine (BMM) GM, effective January 3. In this role at the Aggeneys, Northern Cape-based operation, he will report to VZI business head Laxman Shekhawat.  

An image of Xolani Qamata
Vedanta Zinc International's new Mountain mine GM Xolani Qamata

Fortune plans to build new cobalt refinery in Alberta

By: Creamer Media Reporter      24th January 2022 Critical minerals developer Fortune Minerals has selected a site for its proposed brownfields hydrometallurgical refinery for the Nico cobalt project in Northwest Territories.   The TSX-listed company on Monday announced that it had entered into an option agreement with JFSL Field Services, a... 

Gold nears two-month high as Russia-Ukraine tensions simmer

By: Reuters     24th January 2022 Gold prices advanced towards last week's two-month high on Monday as US bond yields continued to fall and investors looked to invest in the safe-haven metal over concerns about tensions between Russia and Ukraine. Spot gold was 0.5% higher at $1 841.50 per ounce by 10:13 GMT, holding close to... 

Natural gas, electricity price volatility and inflation the result of natural gas crisis

By: Schalk Burger     24th January 2022 Natural gas and electricity prices have spiked to record highs, most notably in Europe and some major Asian markets, causing potentially significant economic impacts and volatility in gas and electricity markets, driven by turmoil in natural gas markets, says intergovernmental organisation... 

IEA executive director Dr Fatih Birol
Photo by Bloomberg
IEA executive director Dr Fatih Birol

Troy unveils refunding plans

By: Esmarie Iannucci     24th January 2022 Embattled gold miner Troy Resources has released details around a ‘series of transactions’ that if approved by shareholders, could see the company raise some A$7.2-million in cash and retire a further A$18.7-million of net debt. Troy on Monday said that one of the potential transactions could... 

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South Africa's RBCT exports lowest coal tonnage since 1996

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