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Green hydrogen can be near-future reality with collaboration, says Science Minister 

By: Martin Creamer     Updated 1 hour ago The transition to green hydrogen can be a hugely beneficial reality in the near future with collaboration between companies, countries and knowledge institutions, Higher Education Science and Innovation Minister Blade Nzimande told a just transition event attended by European Commission joint... 

Higher Education Science and Innovation Minister Blade Nzimande.
Higher Education Science and Innovation Minister Blade Nzimande.

Loadshedding jumps to Stage 6 from 12:00

By: News24Wire      Updated 45 minutes ago Stage 6 loadshedding will be implemented from midday until further notice, Eskom announced. "This is due to a high number of breakdowns since midnight, as well as the requirement to strictly preserve the remaining emergency generation reserves," the utility said. 

Eskom power lines

R100bn green hydrogen/ammonia project secures special status 

By: Martin Creamer     6th December 2022 The race towards a just energy transition in South Africa's hardest hit region takes another big step forward with the Coega Green Ammonia project receiving government support to fast-track development. At last week's South Africa Green Hydrogen Summit in Cape Town, Public Works and... 

Hive Hydrogen South Africa executive chairperson Thulani Gcabashe.
Hive Hydrogen South Africa executive chairperson Thulani Gcabashe.

TFR to increase emerging manganese miners’ rail allocation to 4Mt/y

By: Donna Slater     6th December 2022 State-owned Transnet Freight Rail (TFR) says it is easing the requirements for emerging manganese miners to transport their ore and products to the ports of Gqeberha and Saldanha, starting with new contracting and capacity allocation processes in an effort to avail capacity allocation. With a... 

Eskom moves to appeal Babcock boiler maintenance judgment 

By: Terence Creamer     6th December 2022 Eskom has given notice that it intends applying for leave to appeal a Gauteng High Court judgment setting aside a decision by the utility to exclude Babcock Ntuthuko Engineering from boiler maintenance contracts at 15 coal power stations, as well as an order that Eskom should conclude a fresh... 

AfriTin proposes changing its name to Andrada Mining

By: Darren Parker     6th December 2022 Aim-listed AfriTin Mining is seeking to change its name to Andrada Mining, reflecting the company’s expanding lithium and tantalum resources alongside its existing tin production, in Namibia. The company currently owns and operates the Uis tin mine. AfriTin management believes that the Uis... 

Uis mine

Sovereign to spin off graphite projects

By: Esmarie Iannucci     Updated 2 hours 12 minutes ago Dual listed Sovereign Metals has announced plans to demerge its Malawian graphite projects into a wholly-owned subsidiary company called NGX. Subject to shareholder approval, Sovereign will spin-out the Nanzeka, Malingunde, Duwi and Mabuwe projects and undertake an in-specie distribution of... 

ERG and Gécamines restart operations at Boss  

By: Creamer Media Reporter      6th December 2022 Diversified mining company Eurasian Resources Group (ERG) and its joint venture partner, Gécamines, have restarted copper and cobalt operations at Boss Mining, in the Democratic Republic of Congo (DRC). The phased restart will concentrate on processing historically mined fines over the next 16... 

ERG and Gécamines restart operations at Boss  

Resolute completes retail raising

By: Esmarie Iannucci     Updated 4 hours ago Gold miner Resolute Mining has completed the retail component of its major capital raise, announced last month. The company on Wednesday said that the 1-for-1.1 partially underwritten accelerated non-renounceable pro-rata entitlement offer had closed on December 5, raising A$46-million at an... 

Aura successfully produces yellowcake from Tiris samples

By: Darren Parker     6th December 2022 Uranium producer Aura Energy has announced the successful production of yellowcake from beneficiation pilot plant concentrate samples from the company’s Tiris uranium project, in Mauritania. The production of yellowcake in the form of uranium oxide concentrate (UOC) from the samples is a key... 

yellowcake uranium

Chinese carmaker BYD eyes Chilean lithium deals in search for EV fuel

By: Bloomberg     Updated 38 minutes ago Chinese electric-car juggernaut BYD is looking to get into the lithium business in Latin America and Africa after prices of the key battery component surged to “unreasonable” and “not healthy” levels. BYD is scouring the world for lithium supplies, executive VP Stella Li said in an interview... 

Hot Chili granted access to land for seawater extraction

By: Mariaan Webb     Updated 46 minutes ago The Chilean Naval Authority has granted explorer and developer Hot Chili access to the physical land of its maritime concession for the extraction of seawater, 60 km from the proposed location of the company’s Costa Fuego’s central processing facilities. Access to coastal land surrounding the... 

Red-hot lithium rally cools as China's BYD flags surplus

By: Bloomberg     Updated 1 hour ago Red-hot lithium prices are getting a little less expensive, just as China’s electric-car giant BYD flags that the market could swing back into surplus next year. The battery material in China has continued to retreat from the all-time high hit last month as signs of demand weakness weigh on the... 

Mandalay CEO resigns, other senior management changes announced

By: Creamer Media Reporter      Updated 1 hour 14 minutes ago Canada-based natural resources company Mandalay on Tuesday announced the resignation of Dominic Duffy as president and CEO for personal reasons. Duffy would continue to serve as CEO and assist with the transition of leadership until his departure in July next year. He would remain on the board... 

Metal Tiger sells and buys Sandfire shares

By: Esmarie Iannucci     Updated 1 hour 22 minutes ago ASX and Aim-listed Metal Tiger has generated A$6.9-million in proceeds from the sale of 1.3-million shares in fellow listed Sandfire Resources, at A$5.35 a share. The company said on Wednesday that it has used part of the proceeds of the share sale to take up its pre-emptive rights in the retail... 

Teck makes donation towards enhancing BC’s parks and protected areas

By: Creamer Media Reporter      Updated 1 hour 34 minutes ago Canadian diversified miner Teck Resources has made a $5-million donation to the BC Park Foundation to enhance and expand the province’s world-class system of parks and protected areas. The collaboration between the mining company and the parks foundation will help to preserve and expand green... 

China's Tianqi exploring battery minerals processing options in Australia

By: Esmarie Iannucci     Updated 1 hour 49 minutes ago China's Tianqi Lithium Corp is exploring investment opportunities in Australia's burgeoning battery minerals sector through its local tie up with Western Australia-based miner IGO, its CEO said. Australia is seeking overseas investment into its critical materials industry as it seeks to become a... 

Ring of Fire inks MoU with First Nation on nickel development

By: Creamer Media Reporter      Updated 1 hour 50 minutes ago Exploration and development company Ring of Fire Metals (RoFM) has signed a memorandum of understanding with the Webequie First Nation outlining a framework for collaboration on proposed development in the Ring of Fire, in northern Ontario. The MOU details how the two parties will work together... 

Aussie miners to adjust portfolios in 2023 - KPMG

By: Esmarie Iannucci     Updated 1 hour 56 minutes ago A survey conducted by advisory firm KPMG has revealed that a significant number of Australian mining companies would change their portfolio of products towards future-facing commodities in 2023. KPMG Australia’s national mining and metals leader Nick Harridge said the economic shift toward a... 

Mosaic curtails potash production at Saskatchewan

By: Creamer Media Reporter      Updated 2 hours 2 minutes ago NYSE-listed Mosaic has temporarily curtailed production at the Colonsay potash mine, in Saskatchewan, as demand is returning more slowly than expected. Prior to the curtailment, Colonsay had been operating at a yearly run rate of 1.3-million tonnes with plans to expand output to 1.8-million to... 

Nopsema weighing Barossa appeal fall-out

By: Esmarie Iannucci     Updated 3 hours ago Australian Resources Minister Madeleine King will direct the National Offshore Petroleum Safety and Environmental Management Authority (Nopsema) to provide improved guidance to the oil and gas industry on consultation requirements following the Federal Court judgment in relation to the Barossa... 

Image shows offshore oil and gas operation

Investors flock to Bellevue raising

By: Esmarie Iannucci     Updated 4 hours ago Gold developer Bellevue Gold has completed a A$60-million institutional placement to de-risk its Western Australian gold operation. The company this week announced a A$70-million capital raise, which included the share placement and a share purchase plan (SPP) to raise a further A$10-million, to... 

Renascor sets A$70m raising target

By: Esmarie Iannucci     Updated 4 hours ago ASX-listed Renascor Resources is hoping to raise A$70-million in a fully underwritten institutional placement to progress its Siviour battery anode material (BAM) project, in South Australia. The company will issue 254.5-million shares, at a price of 27.5c each, representing a 14.1% discount to... 

Santos vows more returns to shareholders

By: Esmarie Iannucci     Updated 4 hours ago Oil and gas major Santos on Wednesday announced a simplified capital management framework which would see a minimum of at least 40% of annual free cash flow returned to shareholders. The company said in a statement that the revised capital framework seeks to maintain an appropriate capital... 

Strike finds its own way to Warrego shareholding

By: Esmarie Iannucci     Updated 4 hours ago While suitors Beach Energy and Hancock Energy have been in a bidding war over ASX-listed Warrego Energy, fellow listed Strike Energy has silently amassed a near 19.9% shareholding in the takeover target. Strike in November confirmed a confidential, non-binding indicative all-script merger... 

Loadshedding jumps to Stage 4 after more breakdowns

By: News24Wire      Updated 5 hours ago Stage 4 loadshedding will kick in from 09:00 on Wednesday, Eskom announced.  "Due to further breakdowns and delayed returns of generating units to service, Stage 4 load shedding will be implemented from 09:00 until further notice," spokesperson Sikonathi Mantshantsha said.  

An Eskom power station

Glencore asks Russian court to halt Sberbank's 117-mln-euro claim, move hearings to Singapore

By: Reuters     Updated 7 hours ago  Global commodities trader Glencore asked a Moscow court on Tuesday to stop hearings relating to a €117-million lawsuit by Russia's largest lender, Sberbank, over unpaid oil supplies and move the deliberation to Singapore. According to the database of Moscow Arbitration Court, Sberbank was... 

Equinox sells Solaris shares for C$70.4m

By: Creamer Media Reporter      6th December 2022 Toronto-listed miner Equinox Gold has decreased its ownership in fellow-listed Solaris Gold to less than 10%, having sold 11-million shares in that company for C$70.4-million. Immediately prior to the transaction, Equinox owned 15 545 487 common shares of Solaris and warrants entitling the firm... 

Glencore says this time is different for coming copper shortage

By: Bloomberg     6th December 2022 Glencore added its voice to a chorus of miners warning of coming copper shortages, arguing that a “huge deficit” is looming for the crucial industrial metal. CEO Gary Nagle said that while some people were assuming that the industry would lift supplies as it had in previous cycles to meet a... 

An image of Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Renergen delivers first LNG to Ardagh Glass, Ceramic Industries

By: Darren Parker     6th December 2022 Natural gas and helium producer Renergen has announced the first of ongoing deliveries of liquefied natural gas (LNG) from Phase 1 of its Virginia gas project to glassmaker Ardagh Glass Packaging – previously Consol Glass – and Italtile subsidiary Ceramic Industries, following the completion of... 

Renergen CEO Stefano Marani
Renergen CEO Stefano Marani

Partnership formed for circular, recycled battery materials

By: Donna Slater     6th December 2022 Recycling technology and supply chain platform ACE Green Recycling (ACE) and diversified miner Glencore have entered into a long-term supply agreement for recycled lead, as well as key battery metal based end products from recycled lithium-ion batteries. This strategic partnership will help... 

Test work on Blencowe’s Orom-Cross graphite project exceeds expectations

By: Darren Parker     6th December 2022 Additional metallurgical test work on London-listed Blencowe Resources’ Orom-Cross graphite project, in Northern Uganda, has been completed by technical specialist firm IMO based in Perth, Australia. Blencowe said on December 6 that the objectives of the test work have been met or exceeded in... 

Stage 3 continues as Eskom tries to save diesel

By: News24Wire      6th December 2022 Stage 3 loadshedding will be implemented on Tuesday afternoon at 16:00 to 05:00, and on Wednesday afternoon at the same time. Stage 2 loadshedding will continue being implemented at 05:00 to 16:00 daily until further notice. 

An Eskom power station

Edenville places shares to raise £400 000 to deal with capital constraints

By: Donna Slater     6th December 2022 Aim-listed energy company Edenville Energy has issued 5.71-million shares in an effort to raise £400 000 that it will use to provide additional working capital, to settle outstanding creditors and provide sufficient funds to meet any unexpected adverse judgement as a result of a legal claim. The... 

Energy crisis driving an acceleration in renewables installations – IEA

By: Donna Slater     6th December 2022 The global energy crisis is driving an unprecedented acceleration in the installation of renewable power, with total capacity growth worldwide set to almost double in the next five years to reach 2 400 GW by 2027, according to the ‘Renewables 2022’ report published by the International Energy... 

Rooftop solar
Photo by Creamer Media's Donna Slater
The International Energy Agency’s renewables growth forecast is 30% higher than the amount of growth that was forecast just a year ago

Paramount receives permit to drill at Bald Peak

By: Creamer Media Reporter      6th December 2022 NYSE American-listed Paramount Gold Nevada has received a permit from the US Forest Service to drill its Balk Peak project, in Nevada. The project is located in the Aurora-Borealis mining district, where Hecla Mining has produced more than two-million ounces of gold. With significant gold... 

Fortuna hikes Sunbird resource, finds new prospects at Séguéla

By: Creamer Media Reporter      6th December 2022 NYSE- and TSX-listed Fortuna Silver Mines has increased the mineral resource estimate of the Sunbird deposit at Séguéla, in Côte d’Ivoire, including maiden indicated resource of 3.2-million tonnes at an average grade of 2.74 g/t gold, containing 279 000 oz and an inferred resource of 4.2-million... 

Lithium price to retreat from record as electric car sales slow

By: Reuters     6th December 2022 Healthy demand from battery manufacturers and shortages have propelled lithium prices to records, but rising supplies and China removing subsidies for electric vehicles mean a retreat is on the cards. Battery grade lithium prices trading near $85 000 a tonne are more than double the levels seen... 

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