R/€ = 17.55 Change: -0.08
R/$ = 14.89 Change: -0.10
Au 1794.73 $/oz Change: -13.35
Pt 1055.00 $/oz Change: -7.57

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Anglo Platinum evaluating multiple renewable energy forms  

By: Martin Creamer     26th July 2021 As a result its geographic distribution across South Africa, the Anglo American group is collectively evaluating options to access multiple forms of renewable energy, Anglo American Platinum (Amplats) CEO Natascha Viljoen said on Monday. The JSE-listed company has already completed the design and... 

Anglo American Platinum presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

High-flying Anglo Platinum’s stakeholders receive nigh-R40bn boost 

By: Martin Creamer     26th July 2021 The strong operational and financial performance of platinum group metals company Anglo American Platinum in the six months to June 30 translated into nearly R40-billion worth of benefits for stakeholders including the fiscus, local and doorstep suppliers and communities. In light of the impact... 

This picture was taken during the presentation of results on26 July 2021
Photo by Creamer Media
Anglo American Platinum CEO Natascha Viljoen

Rio Tinto inks power deal to supply its ilmenite operation in Madagascar 

By: Donna Slater     26th July 2021 Diversified miner Rio Tinto has signed a power purchase agreement for a new renewable energy plant to power the operations of its QIT Madagascar Minerals (QMM) ilmenite mine in Fort Dauphin, southern Madagascar. The renewable energy plant, to be built, owned and operated by independent power... 

Zimplats plans 185 MW solar power plants

By: Reuters     26th July 2021 Impala Platinum Holdings Zimbabwe unit Zimplats plans to build two solar power plants with generation capacity of 185 MW to power its operations, the country's energy regulator said on Monday. The Zimbabwe Energy Regulatory Authority said Zimplats, the biggest platinum group metals producer in... 

Weekly Coal Index Report

26th July 2021 Australian coal prices continue to firm as the Newcastle vessel queue sticks above 40, ensuring the FOB spread remains well over U$25 in favour of Australian coal. However, at around US$150, Newcastle prices may have topped out for now. Chinese domestic prices are also a little softer, after a... 

Image of the African Source markets logo

Mining industry reaffirms its willingness to boost vaccination rollout

By: Donna Slater     26th July 2021 The Minerals Council South Africa and several labour unions reiterate their support for South Africa’s national vaccination programme, urging all industry employees to choose to get vaccinated as soon as they have the opportunity to do so. The labour unions include the Association of Mineworkers... 

Sasol partners with Mpumalanga govt, launches five-day vaccination drive

By: Yvonne Silaule     26th July 2021 Energy and chemicals company Sasol's Secunda operations has, in partnership with the Mpumalanga government, launched a five-day Covid-19 vaccination drive, starting on July 26. This formed part of the preparation for the operations' upcoming annual maintenance shutdown taking place from August 30... 

Merafe lifts interim output

By: Tasneem Bulbulia     26th July 2021 JSE-listed Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six months ended June 30 was 199 000 t, a 65.6% increase year-on-year. The increase was mainly owing to current production being less affected by the Covid-19 restrictions, coupled with... 

Wits to host two short courses to empower mining leaders

By: Donna Slater     26th July 2021 The Wits Mining Institute (WMI) will be hosting two of its Empowering Leaders short courses, in a face-to-face format, from August 23 to 28. The first course will focus on long-term systems thinking and planning in the minerals sector, equipping leaders with skills and insights to understand,... 

An image of Wits Mining Institute's Julie Courtnage
Wits Mining Institute course presenter Julie Courtnage

Amplats welcomes new nonexec directors to board

By: Simone Liedtke     26th July 2021 Nolitha Fakude and Anik Michaud are joining Anglo American Platinum’s (Amplats’) board as nonexecutive directors with effect from July 26. They succeed Stephen Pearce and Tony O’Neill, who have stepped down as nonexecutive directors. 

Master Drilling appoints Mamokete Ramathe to board

By: Tasneem Bulbulia     26th July 2021 JSE-listed Master Drilling has appointed Mamokete Ramathe as independent nonexecutive director to the board, with effect from July 26. She is the founder and CEO of Mamor Capital, an investment company with interests in the information and communications technology sector. 

Australia diamond junior Burgundy sets A$50m raising target

By: Esmarie Iannucci     26th July 2021 ASX-listed Burgundy Diamond Mines will raise nearly A$50-million to accelerate its diamond strategy. The company on Monday reported that it had received binding commitments from institutional and sophisticated investors to raise A$49.7-million, of which A$34.5-million would be raised through an... 

Image shows Australian currency

Andromeda's SPP heavily oversubscribed

By: Esmarie Iannucci     Updated 2 minutes ago ASX-listed Andromeda Metals has raised A$15-million in an oversubscribed share purchase plan (SPP), adding to the A$30-million raised earlier this month through a share placement to institutional and professional investors. Andromeda closed the SPP on July 20, after having received applications... 

Teck quarterly profit rises 4% on higher copper prices

By: Reuters     Updated 9 minutes ago Canadian miner Teck Resources said on Tuesday that quarterly adjusted profit rose 4% sequentially, driven by record-high copper prices. A global demand recovery from the Covid-19 pandemic, strong liquidity injections and tightened supplies have pushed copper prices to all-time highs in the... 

Teck quarterly profit rises 4% on higher copper prices

Nickel nears seven-year high with metals rising on demand bets

By: Bloomberg     Updated 13 minutes ago Nickel rose for a third straight session, approaching a seven-year high on booming demand for the metal used in stainless steel and electric-vehicle batteries. Copper advanced the most in more than two months. Nickel gained as much as 2.1% to $19 780 a ton. It reached $20 110 in February, the... 

Rio Tinto cuts Kitimat smelter output to 35% amid strike

By: Mariaan Webb     Updated 23 minutes ago Diversified major Rio Tinto has reduced production at its BC Works aluminium smelter, in Kitimat, Canada, owing to a strike initiated by the Unifor Local 2301 union. The union workers began their strike at midnight on Sunday, having issued Rio Tinto a 72-hour strike notice after weeks of... 

An image of aluminium smelter works in BC, Canada.

Peru road blockades hit MMG's Las Bambas copper mine once again

By: Reuters     Updated 33 minutes ago A four-day-long blockade in Peru by protesters seeking greater benefits from exploitation of natural resources is disrupting operations of MMG's Las Bambas copper mine, one of the country's largest, the energy and mines ministry said. Residents of three communities in the Chumbivilcas province... 

Hastings adds to Yangibana reserves

By: Esmarie Iannucci     Updated 1 hour 16 minutes ago Rare earths developer Hastings Technology has reported a 37% increase in the total rare earth oxide reserve estimate at its Yangibana project, in Gascoyne region. The company on Tuesday said that the ore reserve estimate at Yangibana now stands at 16.7-million tonnes, grading 0.95% total rare... 

Oil Search on track for full year targets

By: Esmarie Iannucci     Updated 1 hour 29 minutes ago ASX-listed Oil Search on Tuesday said that it was on track to achieve its full year production guidance, despite a decrease in production for the second quarter. Total production for the quarter was down to 6.58-million barrels of oil equivalent, from the 6.86-million barrels of oil equivalent... 

Scoping study prices up Black Swan refurbishing

By: Esmarie Iannucci     Updated 1 hour 31 minutes ago A scoping study into the refurbishment and operation of two processing plant configurations at the Black Swan nickel project, in Western Australia, has estimated a capital cost of between A$13.4-million and A$22.1-million. ASX-listed Poseidon nickel told shareholders that the scoping study... 

IGO acquires Silver Knight

By: Esmarie Iannucci     Updated 1 hour 33 minutes ago ASX-listed Independence Group (IGO) has struck a A$45-million transaction agreement to acquire the Silver Knight nickel/copper/cobalt sulphide deposit, in Western Australia. IGO on Tuesday announced that it had entered into a binding agreement with entities owned and controlled by Mark Creasy to... 

Oz Minerals adjusts full year gold targets

By: Esmarie Iannucci     Updated 1 hour 36 minutes ago Copper/gold miner Oz Minerals has seen both copper and gold production increase in the second quarter ended June, compared with the previous quarter, with the miner increasing full year gold production targets. Copper production in the three months to June reached 32 681 t, up from the 26 842 t... 

Image shows the Prominant Hill mine, in South Australia

Los Filos blockade removed, mine restarts

By: Creamer Media Reporter      26th July 2021 The union blockade at the Los Filos mine, in Mexico, has been removed and access to the mine has been restored, dual-listed Equinox Gold reported on Monday. Operations at the mine have resumed, although certain members of the Xochipala community remain camped near the Guadalupe and Bermejal... 

G-20 Ministers stumble over coal

By: Bloomberg     26th July 2021 Environmental Ministers from the Group of 20 nations were unable to reach full agreement on key climate goals, just 100 days before a critical international conference kicks off. Even after marathon negotiations that ran through the night, the ministers couldn’t find common ground on phasing out... 

Galantas kicks off new drilling programme at Omagh

By: Creamer Media Reporter      26th July 2021 TSX-V and Aim-listed Galantas Gold on Monday announced a new surface and underground exploration programme, comprising 4 000 m of diamond drilling at the Omagh gold mine, in Northern Ireland. Drilling would focus on the Kearney and Joshua veins, two of many high-priority targets on the company’s... 

Galantas kicks off new drilling programme at Omagh

Harte Gold discovers new greenfield area near Sugar Zone

By: Creamer Media Reporter      26th July 2021 The share price of junior Harte Gold rose on Friday, as the embattled company announced the discovery of a new greenfield mineralised area about 8.5 km north-west of its Sugar Zone mine, in Ontario. The discovery of the area, named the 007 Showing, was the result of the company’s ongoing... 

Mining studies confirm Finniss potential

By: Esmarie Iannucci     26th July 2021 The Finniss lithium project, in the Northern Territory, could deliver significant income for developer Core Lithium, studies have shown. Core on Monday released an updated definitive feasibility study (DFS) for the Finniss project, which incorporated a 30% increase in the ore reserves, which... 

Judge rules Lithium Americas may excavate Nevada mine site

By: Reuters     26th July 2021 A US federal judge has ruled that Lithium Americas may conduct excavation work at its Thacker Pass lithium mine site in Nevada, denying a request from environmentalists who said the digging could harm sage grouse and other wildlife. The ruling marked a rare win for a US critical minerals project... 

Canadian union Unifor starts strike at Rio Tinto operations

By: Reuters     26th July 2021 Canadian union Unifor said on Sunday about 900 workers had started strike action at global miner Rio Tinto's operations in the western Canadian province of British Columbia. Unifor issued a 72-hour strike notice on Wednesday after nearly seven weeks of unproductive talks over proposed changes to... 

Canadian union Unifor starts strike at Rio Tinto operations

Decmil raises funds

By: Esmarie Iannucci     26th July 2021 Resource and infrastructure services provider Decmil on Monday announced that it had secured A$30-million in funding to support its growth working capital requirements. The ASX-listed company has agreed to a A$20-million debt financing and A$10-million equity placement to progress its growth... 

Troy reports maiden reserve for Smarts Underground

By: Esmarie Iannucci     26th July 2021 ASX-listed Troy Resources has reported a maiden ore reserves for its Smarts Underground project, in Guyana, of 1.08-million tonnes, grading at 2.6 g/t gold for 89 4000 oz of contained gold. The maiden ore reserve followed on from a mineral resource estimate of 3-million tonnes, at 3 g/t gold... 

Blackstone's downstream dreams solidified

By: Esmarie Iannucci     26th July 2021 A downstream prefeasibility study (PFS) into upgrading nickel sulphite concentrate into battery grade nickel has proven positive for ASX-listed Blackstone Minerals. Blackstone on Monday noted that the PFS into a refinery at Ta Khoa, in Vietnam, has estimated that the project would require a... 

Santos reports first oil from Van Gogh Phase 2

By: Esmarie Iannucci     26th July 2021 Oil and gas major Santos on Monday announced first oil from the Van Gogh Phase 2 infill development, with the first of three new production wells producing at the highest initial rate from an individual well in field history. Following completion and tie-in, the first well has produced at a peak... 

Lynas reports record revenues

By: Esmarie Iannucci     26th July 2021 Rare earths miner Lynas has reported record sales revenues for the quarter ended June, on the back of strong market pricing. The ASX-listed company on Monday noted that sales revenue for the three months to June reached A$!84.9-million, up from the A$110-million reported in the fourth quarter.  

Metals make climate change mitigation possible – Citi Research 

By: Martin Creamer     23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... 

A graphic compiled the Citi Research on the fast and moderate way of meeting the Paris climate change accord.
Complying with the Paris agreement on climate change mitigation.

Berkeley takes first steps to overturn unfavourable Salamanca decision

By: Creamer Media Reporter      23rd July 2021 Uranium developer Berkeley Energia has taken the first steps to overturn the unfavourable decision by the Nuclear Safety Council (NSC) for its Salamanca project in Spain. The NSC earlier this month blocked the London-headquartered company’s planned uranium in the west of Spain on safety... 

Akobo confident of small-scale mining potential with Segele exploration

By: Donna Slater     23rd July 2021 Ethiopia-based gold explorer Akobo Minerals reports that it has found a continuation of a high-grade gold zone at depth, beneath the Segele mineral resource, with new assays demonstrating that the high-grade mineralisation extends to at least 145 m and quite possibly deeper. The resource... 

Commodities boom presents opportunities for investors

By: Tasneem Bulbulia     23rd July 2021 The mining sector has emerged as a bright spot in the South African economy and investors are benefitting from this.   Specialist index fund manager 1nvest executive Johann Erasmus tells Mining Weekly that the recent commodities boom is attributable to a combination of delays in the global supply... 

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