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Cabinless, emissionless vehicle foretelling underground’s autonomous future  

By: Martin Creamer     30th September 2020 Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design places emphasis on the extent to which traditional human operation at the rockface is becoming a... 

Sandvik’s virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Geopolitics, social responsibility rise in the risk ranks for mining globally  

By: Marleny Arnoldi     30th September 2020 Mining executives across the world have ranked licence to operate, high-impact risks and productivity and rising costs as the top three risks facing their business over the next year. Multinational professional services firm EY's 'Top 10 Business Risks and Opportunities – 2021' survey for the... 

Geopolitics, social responsibility rise in the risk ranks for mining globally

Ideanomics seeks to assist mines in adopting more electric vehicles

By: Tasneem Bulbulia     1st October 2020 The move towards electrifying mine vehicles is becoming ever more prevalent, with mining companies motivated by the potential to cut costs and contribute to a more sustainable sector.  Ideanomics, a global company focused on facilitating the adoption of commercial electric vehicles (EV) and... 

Wesizwe delays Bakubung platinum mine commissioning to October 2021 

By: Marleny Arnoldi     30th September 2020 As a consequence of Covid-19 and its related impacts on the process plant construction schedule, JSE-listed Wesizwe Platinum’s Bakubung platinum mine development has been delayed, with the hot commissioning date now set for October 2021. Additionally, delays in public consultations required for... 

MC Mining reports solid full-year result despite Covid-19 impact

By: Tasneem Bulbulia     30th September 2020 Despite the adverse impact of Covid-19 and the related lockdown in South Africa, coal miner MC Mining narrowed its loss for the financial year ended June 30. Acting CEO Brenda Berlin noted on September 30 that the company had made considerable progress on its strategy prior to the lockdown. This... 

Bushveld enters into $30m financing agreement with Orion Mine Finance

By: Tasneem Bulbulia     30th September 2020 Aim-listed Bushveld Minerals has signed a long-term production financing agreement (PFA) of $30-million with mining-focused investment business Orion Mine Finance, primarily to finance its expansion plans at its Vametco operations, in South Africa, and to pay down some of its debt. Under a... 

Katoro progresses funding strategy for Blyvoor project

By: Simone Liedtke     30th September 2020 Aim-listed Katoro Gold has developed a preferred funding strategy for its Blyvoor joint venture (JV) in respect of the Blyvoor gold tailing project, in South Africa, and says it will involve the use of different funding instruments. The announcement follows as the gold and nickel explorer and... 

MD of Kropz's Elandsfontein project resigns, remains adviser to the project

By: Marleny Arnoldi     30th September 2020 Jan Steenkamp has resigned as MD of Aim-listed emerging phosphate miner Kropz's Elandsfontein project, in South Africa. He will, however, remain on the board of Kropz Elandsfontein as a nonexecutive director, as well as in a technical advisory capacity for the ongoing development of the... 

Kore starts Phase 1 of DFS for DX project

By: Tasneem Bulbulia     30th September 2020 Potash development company Kore Potash has started work on the first phase of a definitive feasibility study (DFS) for its 97%-owned DX Potash project in the Sintoukola basin of Congo-Brazzaville, following a recent equity fundraise. Phase 1 of the DFS is scheduled for completion in May 2021. 

Aviation, other transport sectors accelerating adoption of hydrogen as a fuel source

By: Marleny Arnoldi     30th September 2020 The World Platinum Investment Council (WPIC) says developments in aviation – and across other modes of transport - are accelerating the adoption of hydrogen as a mainstream, sustainable fuel source. The council notes that aerospace company Airbus is not alone in believing that hydrogen... 

Zambian royalty spat halts $2bn of copper mine investment

By: Bloomberg     30th September 2020 Copper miners in Zambia have halted $2-billion of planned investments because a royalty tax introduced last year makes the projects unviable, according to an industry lobby group. A plan by First Quantum Minerals to invest $1-billion extending the life of its Kansanshi operation won’t proceed... 

Three Harmony Gold board members step down

By: Simone Liedtke     30th September 2020 JSE-listed Harmony Gold independent nonexecutive directors Ken Dicks and Max Sisulu have resigned, while executive director Frank Abbott has retired, with effect from September 30. The resignation of Dicks and Sisulu follow the board’s evaluation of its structure, composition and succession plan,... 

Sandvik intelligent drill series continues to meet evolving customer demands

By: Simone Liedtke     30th September 2020 As rotary blasthole drill technology continues to advance, Sandvik’s iSeries family of intelligent drills continues to grow to meet evolving customer demands – as can be seen with the Sandvik DR410i drill rig. Considered a “compact, powerful, technologically advanced rig designed to produce the... 

Sandvik launches new RDX5 rock drill

By: Simone Liedtke     30th September 2020 Following the virtual grand opening of its Rock Drill Innovation Centre, in Finland, Swedish mining gear and metal-cutting tools maker Sandvik launched its RDX5 rock drill on September 30. The rock drill builds on the success of “the most dependable rock drill in the market”, the HLX5, and... 

Indiana lodges $95m claim against Tanzania

By: Esmarie Iannucci     30th September 2020 ASX-listed Indiana Resources has lodged a $95-million compensation claim against the government of Tanzania over the ‘illegal expropriation” of the Ntaka Hill nickel project. The dispute arose from a 2017 decision by the Tanzanian government to amend the Mining Act, abolishing the legislative... 

Deep-South increases placement offering to $2.5m

By: Tasneem Bulbulia     30th September 2020 TSX-listed Deep-South Resources’ nonbrokered private placement is oversubscribed and the company will, therefore, increase the offering to $2.5-million. The company will proceed with a second closing during the first week of October. 

Gold-buying by central banks seen climbing from near decade low

By: Bloomberg     30th September 2020 Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year. Citigroup Inc. sees demand from the official sector rising to about 450 tons after a drop to 375 tons this year, which would be the lowest in a... 

EV demand will spark lithium mining reinvention

By: Bloomberg     30th September 2020 Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium’s top executive. “The industry’s going to have some challenges as higher purity lithium compounds are required --... 

Copper output from world’s top ten producers declined in second-quarter

By: Simone Liedtke     Updated 19 minutes ago Lockdowns, a consequence of the Covid-19 pandemic, across Chile, Peru and Mexico, including the closure of some of the world’s largest copper mines, were a key factor behind a 3.7% year-on-year decline in copper output from the world’s top ten producers in the second quarter this year, reports... 

SolGold's Alpala PFS delayed

By: Mariaan Webb     Updated 33 minutes ago The prefeasibility study (PFS) for the Alpala project, in the Cascabel concession in northern Ecuador, has been delayed, LSE- and TSX-listed SolGold reported on Wednesday. The company planned to deliver the PFS at the end of the third quarter, but Covid-19-related restrictions have limited... 

SRG wins Worsley work

By: Esmarie Iannucci     Updated 42 minutes ago Engineering and construction firm SRG Global has secured a new eight-year, A$100-million contract with diversified miner South32 at its Worsley alumina operation. The contract would see SRG Global provide specialist refractory services, including gunning and casting and installation of... 

Public comment invited on drilling offshore Newfoundland and Labrador

By: Mariaan Webb     Updated 45 minutes ago The Impact Assessment Agency of Canada has invited public comments on the draft environmental assessment reports for three exploration drilling projects, east of St John’s, Newfoundland and Labrador. The three projects, located between 350 km and 375 km offshore, are the BHP Canada, Central... 

Firefly raises exploration funding

By: Esmarie Iannucci     Updated 59 minutes ago ASX-listed Firefly Resources has launched a A$6-million capital raise to fund accelerated gold drilling at the Yalgoo project, in Western Australia. The placement would comprise 40-million fully paid ordinary shares, priced at 15c each to sophisticated and professional investors. The placement... 

Boss raises A$15m for Honeymoon work

By: Esmarie Iannucci     Updated 1 hour 6 minutes ago Uranium developer Boss Resources will raise A$15-million in a share placement to fund ongoing technical process optimisation studies and exploration at the Honeymoon project, in South Australia. The single tranche share placement will consist of some 225-million shares, priced at 6.7c a share,... 

Sandfire sells Sams Creek

By: Esmarie Iannucci     Updated 1 hour 13 minutes ago PERTH (miningweekly.com) – Copper miner Sandfire Resources has struck a deal with fellow listed Auris Minerals to divest of its interest in the Sams Creek gold project, in New Zealand, in a deal valued at some A$23.2-million. Under the terms of the agreement, Auris would acquire Sandfire’s... 

Ramelius beats expectations

By: Esmarie Iannucci     Updated 1 hour 14 minutes ago Gold miner Ramelius Resources has exceeded its production targets for the September quarter, producing 71 344 oz in the three months under review. The quarterly production exceeded Ramelius’ previously set guidance of between 65 000 oz and 70 000 oz. 

BHP unveils METS strategy

By: Esmarie Iannucci     Updated 1 hour 16 minutes ago Mining major BHP has committed to training and funding for 3,500 new Australian apprenticeship and training positions, and driving up to $450 million into supporting business opportunities in Australia’s mining, equipment, technology and services (METS) sector. CEO Mike Henry on Thursday said... 

BHP unveils METS strategy

Lundin seeks mediation to stave off strike at Candelaria mine in Chile

By: Reuters     Updated 1 hour 27 minutes ago Canada's Lundin Mining, owner of the Candelaria mine in Chile, has requested government mediation in a last-ditch effort to stave off a strike by one of its unions after failing to reach a contract deal, the company said on Wednesday. The mine's union of 350 members rejected the company's latest... 

Fresnillo takes up $482m of tender offer for 2023 notes

By: Reuters     Updated 1 hour 42 minutes ago Mexican precious metals mining company Fresnillo said on Wednesday it had taken up $481.721-million of a tender offer to buy back some $800-million of its notes maturing in 2023. The company, a unit of miner Industrias Peñoles, last week launched the offer on the notes, which pay a coupon of... 

Chile sees $74bn in mining investments over a decade

By: Reuters     Updated 1 hour 44 minutes ago Chile expects $74-billion in mining investment in the next decade, driven mainly by the copper industry, the country's top exporter, State copper agency Cochilco, said on Wednesday. The roster of investments includes sprawling projects from such top global miners as Antofagasta, Lundin Mining,... 

Trump moves to expand rare earths mining, citing China threat

By: Bloomberg     Updated 1 hour 51 minutes ago President Donald Trump signed an executive order declaring a national emergency in the mining industry, a move aimed at expanding domestic production of rare earth minerals vital to most manufacturing sectors. The order directs the Interior Department to explore using the Defense Production Act... 

Trump moves to expand rare earths mining, citing China threat
US President Donald Trump

Kinross buys Alaska gold project

By: Mariaan Webb     30th September 2020 Canadian miner Kinross Gold on Wednesday announced that it would acquire a 70% interest in the Peak Gold project, about 400 km south-east of the company’s Fort Knox mine. The project, which it is buying from Royal Gold and Contango ORE, for $93.7-million in cash, is seen as a low-risk “tuck-in”... 

Kinross buys Alaska gold project
Kinross plans to process ore from Peak Gold at its Fort Knox operation (pictured).

China's Shandong Gold to buy Xinjiang-focused miner Hengxing

By: Reuters     30th September 2020 Shandong Gold Mining said on Wednesday it would buy Hengxing Gold Holding in an all-stock deal worth around HK$3-billion ($387-million) that gives it control of the Gold Mountain mine in China's Xinjiang region. The purchase continues a prolific acquisition spree for state-run Shandong Gold in a... 

Chaarat says impact of military action minimal

By: Mariaan Webb     30th September 2020 The military action between Azerbaijan and Armenia in the disputed Nagorno-Karabakh region has thus far had a minimal impact on the Kapan mine, London-listed Chaarat Gold reported on Wednesday. The Kapan mine, which the company bought last year, is about 150 km from the Nagorno-Karabakh region.... 

Top steel producer commits to zero emissions by 2050

By: Mariaan Webb     30th September 2020 ArcelorMittal on Wednesday announced a group-wide commitment to being carbon neutral by 2050, building on the commitment made in 2019 for its European business to reduce emissions by 30% by 2030, and be carbon neutral by 2050. “As the world’s leading steel company, we believe we have a... 

Top steel producer commits to zero emissions by 2050

Erris to buy German lithium project from Bacanora

By: Mariaan Webb     30th September 2020 Europe-focused minerals explorer Erris Resources says it is in the advanced stages of a transaction to buy the Zinnwald lithium project, in Germany, from fellow London-listed Bacanora Lithium. The proposed acquisition of 50% of Zinnwald – a late stage project – will transform Erris from a... 

Erris to buy German lithium project from Bacanora

Bowen completes Broadmeadow East buy

By: Esmarie Iannucci     30th September 2020 ASX-listed Bowen Coking Coal has completed the acquisition of the Broadmeadow East coking coal project from US major Peabody. The two companies in June this year struck an agreement allowing Bowen to acquire the Broadmeadow East project for a A$1-million cash consideration. Bowen would also pay... 

Rio Tinto wraps up Janice Lake 2020 campaign

By: Creamer Media Reporter      30th September 2020 Rio Tinto Exploration Canada (RTEC) has completed its summer exploration programme at the Janice Lake Sedimentary copper/silver project in northern Saskatchewan. TSX-V-listed Forum Energy Metals reports that a total of 25 holes have been completed for 818 m on seven targets. Assay results are... 

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