https://www.miningweekly.com
R/€ = 17.16 Change: -0.10
R/$ = 14.13 Change: 0.00
Au 1843.76 $/oz Change: 29.09
Pt 1229.50 $/oz Change: 16.36
 
Close

Email me free daily news

Email address

New technologies transforming mining, metals industry – ICMM 

By: Martin Creamer     14th May 2021 New technologies are transforming the mining and metals industry, making it cleaner and safer, says the International Council on Mining and Metals (ICMM), which is progressing an 'innovation for cleaner, safer vehicles' initiative. The initiative brings together 28 of the world’s leading mining... 

New technologies transforming mining, metals industry – ICMM
An innovation for cleaner, safer vehicles initiative has been introduced.

Rio Tinto may lose black partners needed to meet South Africa law

By: Bloomberg     14th May 2021 Rio Tinto Group’s South African operation is facing the loss of a large bloc of Black investors, a move that would leave it below the legal minimum for Black ownership, two people familiar with the situation said. The main investors in Blue Horison Investments, which holds 24% of Rio-controlled... 

Rio Tinto may lose black partners needed to meet South Africa law

Bushveld reports lower first-quarter vanadium output; working to improve Vametco’s performance

By: Donna Slater     14th May 2021 Aim-listed integrated primary vanadium producer and energy storage solutions provider Bushveld Minerals produced 688-million tonnes of vanadium in the first quarter. This was lower than the 880-million tonnes produced in the corresponding period of 2020 as a result of a 35-day planned... 

Bushveld reports lower first-quarter vanadium output; working to improve Vametco’s performance
Bushveld Minerals' Vametco plans

Sasol moves to sell big stake in Rompco pipeline to a Reatile-led consortium 

By: Terence Creamer     14th May 2021 Energy and chemicals group Sasol confirmed on Friday that it had entered into a R5-billion agreement with a Reatile-led consortium for the sale of a 30% stake in the Republic of Mozambique Pipeline Company (Rompco), the joint venture that owns the 865-km gas transmission pipeline from southern... 

Sasol moves to sell big stake in Rompco pipeline to a Reatile-led consortium

Investors are stewarding gradual move to decarbonisation in emerging markets 

By: Marleny Arnoldi     14th May 2021 Investment manager Old Mutual Investment Group responsible investment head Jon Duncan tells Mining Weekly that, while the mining industry cannot ignore the global climate change context, which in part is driving international divestment from the likes of coal miners Exxaro and Anglo American, the... 

Investors are stewarding gradual move to decarbonisation in emerging markets

Tshisekedi visits Glencore’s Kamoto project in recognition of investments made

By: Donna Slater     14th May 2021 Democratic Republic of the Congo (DRC) President Felix Tshisekedi visited the operations of Glencore’s Kamoto Copper Company (KCC) in Kolwezi, on May 13, in recognition of the miner’s near $8-billion investment in the country. KCC is a joint venture (JV) between Glencore and DRC commodity... 

Tshisekedi visits Glencore’s Kamoto project in recognition of investments made
Glencore CEO Ivan Glasenberg

Upstream Petroleum Bill nears finalisation

By: Marleny Arnoldi     14th May 2021 Law firm Cliffe Dekker Hofmeyr (CDH) expects the updated iteration of the Upstream Petroleum Resources Development Bill to be gazetted by June. This follows after Cabinet approved the submission of the draft Bill to Parliament this week.  

PTM to oppose appeal against Waterberg mine's enviro authorisation

By: Creamer Media Reporter      14th May 2021 TSX- and NYSE American-listed Platinum Group Metals (PTM) says it has received notice that a group from the Kgatlu community, located near planned surface infrastructure associated with the Waterberg mine, in South Africa, has filed an application for an order in the High Court of South Africa to... 

Deep-South appoints Knight Piésold for Haib scoping studies, assessments

By: Donna Slater     14th May 2021 TSX-V-listed minerals explorer and developer Deep-South Resources has appointed engineering and environmental consulting firm Knight Piésold Consulting to conduct scoping studies and assessments on the Haib copper project, in Namibia. Knight Piésold, with an office in Namibia since 2008, has... 

Eastplats’ first-quarter loss narrows to under $1m

By: Marleny Arnoldi     14th May 2021 JSE-listed Eastern Platinum (Eastplats) has narrowed its net loss attributable to shareholders to $900 000, or $0.01 apiece, in the first quarter of the year. This compares with an $8.2-million, or $0.09 apiece, loss attributable to shareholders in the first quarter of 2020.  

Gale confirmed as Resolute CEO

By: Esmarie Iannucci     14th May 2021 Gold miner Resolute Mining has appointed Stuart Gale as MD and CEO effective immediately. Gale, who was previously employed as company CFO, was appointed as interim CEO and MD in October last year, after John Welborn handed in his resignation. 

Ethiopia cancels 27 idle mining licences in push for development

By: Reuters     14th May 2021 Ethiopia has cancelled 27 idle mining licences and sent warnings to three companies, the mines ministry said on Friday, as the government looks to spur production. Ethiopia has now cancelled 90 mining licences, including 63 it revoked in December. 

Drill results confirm high-grade tin mineralisation at Alphamin’s DRC project

By: Simone Liedtke     14th May 2021 Initial assay results and an exploration update on tin miner Alphamin Resources’ Mpama South exploration drilling programme has confirmed high-grade tin mineralisation at the project in the Democratic Republic of the Congo. So far, 8 700 m of the planned 16 000 m diamond drill programme has been... 

Top copper producers’ output to bounce back this year, forecasts GlobalData

By: Donna Slater     14th May 2021 Production from the world’s top ten copper mining companies decreased in 2020, albeit by a marginal 0.2% to 11.76-million tonnes, with the key disruptors being reduced operational workforces as a result of Covid-19 measures, lower ore grades and production halts owing to maintenance, data and... 

Iron-ore slumps again as steel hub asks mills to control surge

By: Bloomberg     14th May 2021 Iron-ore futures tumbled as China’s top steel-making hub ramped up efforts to control a dizzying surge in prices. Futures in Dalian dropped the daily limit, while prices in Singapore extended a slump from a record $233.75 a ton on Wednesday amid concerns about the sustainability of the rally. In... 

Iron-ore slumps again as steel hub asks mills to control surge

Russia’s biggest cut diamond fetches $14.1m at Christie’s

By: Bloomberg     14th May 2021 A flawless 100.94-ct colorless diamond that’s considered to be the biggest polished gem from Russia sold for 12.84-million Swiss francs ($14.1-million) at Christie’s in Geneva. The Spectacle, which was cut from a rough stone discovered by Alrosa at an alluvial mine in Russia’s Far East in 2016,... 

Einhorn touts Teck Resources with copper rally enduring

By: Bloomberg     14th May 2021 Greenlight Capital’s David Einhorn said he recommend shares of Canadian miner Teck Resources amid strong demand for copper and other commodities. The pipeline of potential new copper capacity is low, and it takes a long time to create new mines, the hedge fund manager said Wednesday at the Sohn... 

Einhorn touts Teck Resources with copper rally enduring

Biggest lithium miner gears up to tap major lode from old cars

By: Bloomberg     14th May 2021 The world’s biggest lithium miner wants to extract more of the battery metal from old cars as demand surges and aging electric vehicles are traded in. Albemarle is making investments and partnering with automotive equipment manufacturers on the recycling effort, which it calls “critical” to its... 

Mineworker succumbs after fall of ground at Marula

By: Marleny Arnoldi     14th May 2021 The Association of Mineworkers and Construction Union (AMCU) has advised of a fatality at Impala Platinum’s Marula mine, in Limpopo, following a fall-of-ground incident on May 13. The union reports that the mineworker was busy in the panel in the early hours of the morning when the fall of... 

Harte Gold requires additional funding, cuts guidance

By: Mariaan Webb     14th May 2021 Canadian bullion junior Harte Gold on Thursday lowered its production guidance and hiked its cost estimates for 2021, stating that quarterly growth would occur at a lower rate than what was previously planned for the year. The company, which operates the Sugar Zone mine, in Ontario, has deferred... 

Marathon raises C$50m for Newfoundland gold project

By: Creamer Media Reporter      14th May 2021 Toronto-listed Marathon Gold on Thursday announced a nonbrokered C$50-million private placement financing to support the continued advancement of its exploration and development activities at the Valentine project, in central Newfoundland. The private placement financing consists of 14 285 714... 

Iamgold confirms Westwood restart for H2

By: Mariaan Webb     14th May 2021 The Westwood gold mine, in Quebec, would resume operations in the second half of the year, owner Iamgold confirmed on Thursday. The company last month started recalling its employees and said that it would focus on training and rehabilitation work for the remainder of the quarter. When... 

Iamgold confirms Westwood restart for H2

Appian sells Caserones copper royalty

By: Creamer Media Reporter      14th May 2021 Appian Capital Advisory, an investment adviser to private equity funds investing in mining companies, will sell its Caserones copper royalty to Nomad Royalty for $23-million in cash and two-million common share purchase warrants of the buyer. The royalty interest is cash generative and represents... 

Mining policy, NY zinc-air system, AngloGold Ashanti make headlines   

14th May 2021 Mining Weekly Editor Martin Creamer unpacks why mining policy in South Africa needs to deal with both the highs and lows of mining, New York using platinum on the cathodes of a zinc-air system and AngloGold Ashanti investigating renewable energy projects across the entire group.   

Mining policy, NY zinc-air system, AngloGold Ashanti make headlines

Australia Pacific gets offer for noncore assets

By: Esmarie Iannucci     14th May 2021 ASX-listed Australian Pacific Coal has received a A$33.7-million offer from shareholder Trepang for certain real properties and water rights at its Dartbrook coal mine, in New South Wales. Australian Pacific in the December quarter of last year launched a strategic review into its asset,... 

Juno completes IPO, moves on Mt Mason

By: Esmarie Iannucci     14th May 2021 Newly spun-out Juno Minerals has raised a$3.9-million in its initial public offering (IPO) and has listed on the Australian bourse under the ticket JNO. The company said on Friday that the IPO funds added to the A$5-million in seed capital provided by parent company Jupiter Mines, which has not... 

EcoGraf starts trading in the US

By: Esmarie Iannucci     14th May 2021 Graphite developer EcoGraf has started share trading on the US Over the Counter (OTCQX). The company on Friday said that its primary listing would continue to be on the ASX, with a secondary listing on the Frankfurt Stock Exchange. 

Volt buys Ukraine graphite mine

By: Esmarie Iannucci     14th May 2021 ASX-listed Volt Resources has pulled the trigger on the acquisition of a 70% interest in the Zavalievsky graphite business, in the Ukraine, following a positive due diligence. The company last month inked share purchase agreements (SPAs) with the existing shareholders of ZG Group to acquire a... 

NAIF changes legislated by Parliament

By: Esmarie Iannucci     14th May 2021 Reforms to the Northern Australia Infrastructure Facility (NAIF) have passed through Parliament, allowing the fund to be extended for another five years, to 2026. “The reforms followed a statutory review of the NAIF and wide consultation with stakeholders throughout northern Australia, and the... 

NAIF changes legislated by Parliament

Magazine round up | 14 May 2021 

14th May 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 14 May 2021

Platinum on cathodes of zinc-air system chosen to decarbonise New York City  

By: Martin Creamer     13th May 2021 Platinum features on the cathode of zinc-air battery technology that is taking the City of New York by storm in helping to lower the carbon footprint of its buildings, Mining Weekly can today report. Zinc8, the Canadian Stock Exchange company that has won the city’s decarbonisation challenge, has... 

Zinc8 Energy Solutions Ron MacDonald interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Endeavour doubles first-quarter production, costs decrease

By: Donna Slater     13th May 2021 West Africa-focussed gold miner Endeavour Mining has increased its production in the first quarter of the year by 102% to 347 000 oz, while its all-in sustaining costs (AISC) decreased by 3% to $868/oz. With a strong focus on shareholder returns, the company paid its first dividend of... 

Endeavour doubles first-quarter production, costs decrease

Minerals Council urges employees over 60 to register for vaccinations

By: Tasneem Bulbulia     13th May 2021 Industry organisation the Minerals Council South Africa has urged employees over the age of 60 to register for the second phase of the Covid-19 vaccine roll-out that is due to start on May 17. It further appeals to all employees to assist their family members, neighbours and friends over the age... 

Mining production, sales increase year-on-year in March

By: Tasneem Bulbulia     13th May 2021 Mining production increased by 21.3% year-on-year in March, data published by Statistics South Africa shows. The largest positive contributors were platinum group metals (PGM), with a 68.6% increase and contributing 11.6 percentage points; iron-ore, with a 47.9% increase and contributing 4.1... 

Mining production, sales increase year-on-year in March

Zijin, Nkwe launch Garatau platinum mine  

By: Marleny Arnoldi     13th May 2021 China-headquartered Zijin Mining Group, through its South African subsidiary Nkwe Platinum, on May 13 announced the start of development at its Garatau platinum-group metals (PGMs) mine, in Limpopo. Boxcut development at the mine will start on May 28 and the company envisions decline shaft... 

Australian coal miners flag finance, insurance difficulties

By: Reuters     13th May 2021 Australia's coal industry is suffering from dwindling access to finance and insurance that is raising the costs of doing business and threatening the longevity of the an industry that accounts for the country's second-most-valuable exports, submissions to a parliamentary inquiry showed. In... 

Australian coal miners flag finance, insurance difficulties

Portugal's lithium auction could be postponed to early 2022 - ministry

By: Reuters     13th May 2021 Portugal's long-awaited lithium licensing auction could be postponed to early 2022 due to delays in implementing a law granting municipalities more say in mining projects, the environment ministry said. The mining law, approved last October but only put into force this May, gives municipalities... 

Portugal's lithium auction could be postponed to early 2022 - ministry

Exxaro partners with Saica Enterprise Development for finance programme

By: Tasneem Bulbulia     13th May 2021 Diversified miner Exxaro Resources is collaborating with the South African Institute of Chartered Accountants’ (Saica’) Enterprise Development (ED) unit to implement a financial excellence programme for the miner’s suppliers. The programme is aimed at enhancing the financial management systems... 

Latest News  by  

more

Company Post

more

Latest Videos and Audio

On-The-Air (14/05/2021)

Mining policy, NY zinc-air system, AngloGold Ashanti make headlines

Magazine round up | 14 May 2021

Specialised attorneys fill gaps engineers cannot

Platinum on cathodes of zinc-air system chosen to decarbonise New York City

Resources Watch

Renewable energy projects under investigation across AngloGold

Colleagues pay tribute to Wits’ Fred Cawood as he prepares to retire

more

Services News

Consulting Engineers

Contract mining

Crushing and Screening

Drilling and Tunnelling

Earthmoving

Energy Services

Explosives

Furnaces and Kilns

Material Handling

Opencast/Quarries

Pumps

Valves

Company Announcements

more

Research Reports

Projects

Press Office

more

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close