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Green Sedibelo will use 82% less electricity to take PGMs all the way to end consumer 

By: Martin Creamer     Updated 28 minutes ago Platinum group metals (PGMs) producer Sedibelo Platinum Mines is well on its way to becoming the lowest of low-energy PGM energy users and the highest of high on-site beneficiators of metals that are key in the global fight against climate change. Sedibelo’s technology sensation is the remarkable... 

Pallinghurst managing partner and cofounder Arne Frandsen speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

New Mokala manganese mine heading for steady state, solar power

By: Martin Creamer     Updated 4 hours ago With mining now ramping up, the new Mokala manganese mine in the Northern Cape anticipates being at steady state production by the third quarter of 2021. Once that happens, the mine expects to be producing more than one-million tonnes of manganese ore a year, with an opencast life-of-mine of more... 

Supplied picture of Mokala Manganese
The new Mokala manganese mine is in the Northern Cape.

Gold found to lower investment portfolio carbon intensity

By: Donna Slater     Updated 1 hour 53 minutes ago A collaboration between the World Gold Council (WGC) and specialist climate risk consultancy Urgente finds that adding gold to an investment portfolio can reduce that portfolio’s carbon emissions intensity, as well as increase a portfolio’s resilience against climate transition risks. The WGC... 

Energy features strongly in IDC’s R24bn pipeline as Patel makes ‘go green’ call

By: Terence Creamer     Updated 35 minutes ago The State-owned Industrial Development Corporation (IDC) is aiming to convert a significant portion of a R24-billion investment pipeline into commitments following a steep fall in both approvals and disbursements during its Covid-afflicted 2020/21 financial year. The development finance... 

A photo of IDC CEO TP Nchocho
Photo by Creamer Media's Donna Slater
IDC CEO TP Nchocho

Green 175 MW power for Sibanye-Stillwater platinum group metal mines  

By: Martin Creamer     27th September 2021 A total of 174 MW of clean, green renewable power is on the way for Sibanye-Stillwater’s platinum group metal (PGM) mines in South Africa. The total cost of the three project scheme will be in the order of R2.5-billion to R2.8-billion. 

A total of 174 MW of clean, green renewable power is on the way for Sibanye-Stillwater’s platinum group metal (PGM) mines in South Africa.

Immediate introduction of new tariff methodology ‘not feasible’ 

By: Terence Creamer     27th September 2021 State-owned electricity utility Eskom says it is “not feasible” for the National Energy Regulator of South Africa (Nersa) to make a revenue determination, for implementation on April 1 2022, on the basis of a new methodology that has yet to be consulted or finalised. On September 24, Nersa... 

A sign on the door of a Nersa public hearing

Wesizwe expects up to 134% y/y increase in interim headline earnings

By: Creamer Media Reporter      Updated 29 minutes ago Platinum group metals exploration and mining company Wesizwe Platinum expects to report headline earnings a share of between 8.83c and 21.21c for the six months ended June 30. That represents an increase of between 114% and 134% on the headline loss a share of 61.90c reported for the first half... 

Zimbabwe asked to settle $70m debt after legal loss

By: Bloomberg     Updated 2 hours 38 minutes ago Zimbabwe has been asked to settle a $70-million debt after it lost an international arbitration case over canceled nickel and platinum ventures between a private company and the State miner more than a decade ago. Companies linked to Amaplat Mauritius made the proposal in a September 15 letter to... 

Bushveld on track to meet full-year production, cost guidance  

By: Tasneem Bulbulia     27th September 2021 The operational stability and improved production performance achieved by Aim-listed Bushveld Minerals in the last two months of the interim period ended June 30 was carried through into the first two months of the second half of the current financial year, which bodes well for reducing unit... 

Minergy posts higher sales volumes in FY21

By: Marleny Arnoldi     27th September 2021 Botswana-listed coal miner Minergy has recorded a significant improvement in volumes sold for the financial year ended June 30, to 416 185 t, compared with the 198 057 t sold in the prior financial year. The company explains that a more stable production environment was achieved from March to... 

China power crisis looks set to spur rush for the dirtiest fuel

By: Bloomberg     Updated 4 hours ago China’s power crisis looks set to spur it to import more coal from a wider range of producers, putting it into competition with European and Indian buyers that are also snapping up more of the dirtiest fossil fuel. More than two-thirds of China’s electricity comes from coal-fired plants and,... 

AfriTin records strong interim performance

By: Tasneem Bulbulia     27th September 2021 Against the backdrop of the Covid-19 pandemic and maintaining the health and safety of employees as a priority, Aim-listed AfriTin delivered an impressive interim performance, CEO Anthony Viljoen says. The company has continued to exceed production targets at the Uis tin mine, in Namibia,... 

Weekly SA coal report

27th September 2021 As China pledges to stop financing international coal projects, local coal producers have met to try and resolve the ongoing domestic coal shortage, as the winter peak generation season approaches. International markets had another strong and volatile week as a spot physical ARA cargo traded at... 

A table of the latest coal prices

Marcelo Godoy appointed AngloGold Ashanti chief technology officer

By: Schalk Burger     27th September 2021 Gold miner AngloGold Ashanti has appointed Marcelo Godoy as its chief technology officer, with effect from November 1. Godoy, a mining engineer who holds a master's degree in geostatistics and a PhD in strategic mine planning, joins AngloGold Ashanti from NYSE-listed gold mining company Newmont... 

A photo of Marcelo Godoy, who has been appointed AngloGold Ashanti chief technology officer, with effect from November 1.
Marcelo Godoy will join AngloGold Ashanti as chief technology officer from November 1.

Syama processing circuit shutdown postponed to next year

By: Creamer Media Reporter      27th September 2021 ASX- and LSE-listed Resolute Mining has deferred the planned 36-day shutdown of the sulphide processing circuit at Syama, Mali, from October to February. This is to reduce potential delays associated with an extended wet season and rainfall, the company reported on Monday. 

AVZ lands $240m for DRC lithium project

By: Mariaan Webb     27th September 2021 Shares in AVZ Minerals rose on Monday, as the ASX-listed company announced that it had secured $240-million from a Chinese investment entity to develop its lithium and tin project in the Democratic Republic of Congo (DRC). The developer announced that CATH Energy Technologies (CATH), a private... 

Base scales up plans for Madagascar mineral sands project

By: Mariaan Webb     27th September 2021 Encouraged by a significantly bigger mineral resource at the Ranobe mineral sands deposit, Africa-focused Base Resources has scaled up its Toliara project, in Madagascar. Announcing the outcomes of an enhanced definitive feasibility study (DFS) on Monday, Base reported that the scaled-up project... 

Pensana considers how Coola project may complement production from Longonjo

By: Tasneem Bulbulia     27th September 2021 London-listed Pensana reports that field exploration activities have resumed at its Coola project, which is 16 km north of the company’s Longonjo rare earth project, in Angola. Last year, exploration work identified highly anomalous technology metals including rare earths, scandium and fluorite... 

GoviEx reports positive drilling results from Mutanga

By: Tasneem Bulbulia     27th September 2021 Dual-listed GoviEx Uranium has completed the initial infill drilling campaign at the Dibwe East deposit at its wholly owned, mine permitted Mutanga uranium project, in Zambia. Mutanga comprises three mining permits that cover about 720 km2 and contains five deposits – Dibwe, Dibwe East, Mutanga,... 

Scoping study anticipates favourable project economics at Akobo’s Segele deposit

By: Tasneem Bulbulia     27th September 2021 Gold exploration company Akobo Minerals has completed a scoping study for the Segele deposit in Ethiopia and the company highlights encouraging results that exceed previous expectations. The study follows ten years of exploration work, which culminated in a Joint Ore Reserves Committee-compliant... 

Vale says 19 workers return to surface from Canadian mine

By: Reuters     Updated 37 minutes ago Vale said on Tuesday 19 of its employees trapped in a Canadian mine returned to surface early this morning and the remainder are on their way. On Monday, the Brazilian miner said some 39 mine workers have been trapped underground since Sunday at its Totten mine in Sudbury, Canada. "The... 

New chapter for Agnico Eagle as it merges with Kirkland Lake

By: Mariaan Webb     Updated 45 minutes ago Canadian miner Agnico Eagle Mines will buy out fellow bullion producer Kirkland Lake Gold in an all-stock deal, which consolidates assets in the Abitibi Greenstone belt of north-eastern Ontario and north-western Quebec. In the “merger of equals”, announced on Tuesday, Kirkland Lake shareholders... 

An image of underground trucks.
Kirkland Lake merger is a new chapter in Agnico Eagle's 64-year history.

GreenRoc Mining makes London debut

By: Creamer Media Reporter      Updated 3 hours ago Greenland-focused GreenRoc Mining on Tuesday started trading on London’s Aim, offering investors exposure to a diversified mix of commodities designated as critical minerals by the EU and US. The company has raised gross proceeds of £5.12-million through the issue of 51.2-million new ordinary... 

Anglo American restarts field programmes in Ecuador

By: Creamer Media Reporter      Updated 4 hours ago Diversified mining major Anglo American has restarted its field programmes at the Pegasus project, in Ecuador, in which it is earning 60% by spending $57.3-million over seven years. Anglo’s field team members have been vaccinated against Covid-19, junior Luminex said on Monday, adding that... 

Canada's export credit agency keen on Kachi

By: Esmarie Iannucci     Updated 4 hours ago Canada’s Export Credit Agency (EDC) has issued lithium developer Lake Resources with a letter of interest to work alongside the UK Export Finance to potentially fund up to 70% of the finance required for the Kachi lithium brine project, in Argentina. “Having Canada’s direct sovereign lending... 

Metal Tiger weighs funding options for Sandfire buy

By: Esmarie Iannucci     Updated 4 hours ago ASX- and Aim-listed Metal Tiger on Tuesday said it was exploring financing options to fund a A$17.8-million investment in copper miner Sandfire Resources. Sandfire this week completed the institutional placement and the institutional component of its entitlement offer, as part of a greater... 

Coal prices are booming but US miner US miners struggle to boost output

By: Bloomberg     Updated 4 hours ago A labor shortage and reluctance to open new mines has left US coal companies struggling to keep up with surging global demand. “It’s very difficult for the coal industry to increase production,” Xcoal Energy & Resources CEO Ernie Thrasher said Monday in a phone interview. “Everyone is working... 

Centerra accuses Kumtor managers of destroying mine's long-term viability

By: Creamer Media Reporter      Updated 4 hours ago Canadian mining company Centerra, whose Kumtor mine the Kyrgyzstan government seized earlier this year, has accused the mine managers of chasing quick profits by mining only high-grade ore, destroying the asset’s long-term viability. Centerra has now filed an application requesting urgent... 

Centerra accuses Kumtor managers of destroying mine's long-term viability

Dynasty to acquire Teck’s interest in Thundercloud

By: Creamer Media Reporter      Updated 5 hours ago Canadian explorer Dynasty Gold has secured a 100% interest in the Thundercloud property, in the Wabigoon greenstone belt of western Ontario, from Teck Resources. The junior has signed an amending agreement with Teck, whereby Dynasty will be deemed to have exercised its option pursuant to an... 

Strong H1 sales continued into third quarter – Mountain Province

By: Creamer Media Reporter      Updated 5 hours ago Diamond miner Mountain Province has reported strong third-quarter sales, generating C$93.9-million from the sale of 1.03-million carats, achieving an average value of C$91/ct. This brought the year-to-date sales to 2.35-million carats, for total proceeds of C$212.5-million. The strong result... 

Govt establishes A$2bn critical minerals loan facility

By: Esmarie Iannucci     Updated 6 hours ago The federal government will establish a A$2-billion loan facility for Australian critical minerals projects. Prime Minister Scott Morrison said the fund would help fill finance gaps in critical minerals resources developments to get them off the ground and would help secure the vital supplies of... 

Image shows Prime Minister Scott Morrison
Photo by Bloomberg
Prime Minister Scott Morrison

Hydrogen Council calls for A$10bn net zero fund

By: Esmarie Iannucci     Updated 6 hours ago The Australian Hydrogen Council has urged action on the part of the federal government in order to achieve net zero emissions with the assistance of the hydrogen industry. In a white paper released this week, the Council has advocated for the development of a new hydrogen planning body and the... 

Core awards work contracts at Finniss

By: Esmarie Iannucci     Updated 6 hours ago Lithium developer Core Lithium has awarded the engineering, design, and construction (EPC) contract for its Finniss lithium project, in the Northern Territory, to Primero Group, a wholly-owned subsidiary of ASX-listed NRW Holdings. The contract is worth an estimated A$40-million, and execution... 

Beach signs gas deal with BP, sets out future growth aspirations

By: Esmarie Iannucci     Updated 6 hours ago Oil and gas major Beach Energy has struck a heads of agreement (HoA) with BP in Singapore, to sell its share of liquefied natural gas (LNG) from the from Waitsia Gas Project Stage 2. Beach and JV partner Mitsuie E&P Australia last year committed to the initial funding for the 250 TJ/d Waitsia... 

Eagle Mountain raises funds for Arizona drilling

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed Eagle Mountain Mining on Tuesday reported a A$16-million capital raise to fund drilling activities at it’s The Talon and Golden Eagle copper deposits, at its greater Oracle Ridge project in Arizona. The company has received binding commitments from institutional and sophisticated... 

TECH critical minerals project gets prescribed project status

By: Esmarie Iannucci     Updated 6 hours ago The Townsville Energy Chemicals (TECH) project has been declared a prescribed project by the Queensland government, with Deputy Premier and Minister for State Development Steven Miles saying it would support North Queensland’s economic recovery. The proposed TECH project is an advanced... 

Vale says 39 workers trapped in Sudury mine

By: Reuters     27th September 2021 Some 39 mine workers have been trapped underground since Sunday at Vale's Totten mine in Sudbury, Canada, the Brazilian mining firm said on Monday. Vale said in a statement that all those workers would likely be rescued by Monday evening. "We have learned that no one is injured," it added. The... 

MMG to halt Peru operations this week as community protests hit transport

By: Reuters     27th September 2021 Australia-based miner MMG said on Monday it would stop operations at its copper mine at Las Bambas in Peru this week, as community protests in a nearby province has upended transport. The announcement comes days after a bus in the Peruvian Andes transporting contract workers at the copper mine... 

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