https://www.miningweekly.com
R/€ = 17.7797 Change: -0.1485
R/$ = 17.0238 Change: -0.1949
Au 1779.87 $/oz Change: 11.44
Pt 1044.28 $/oz Change: 6.68
 
Close

Email me free daily news

Email address

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.

Anglo makes management changes as technical director O’Neill retires

By: Creamer Media Reporter      30th November 2022 Diversified mining major Anglo American on Tuesday announced senior leadership changes, following Tony O’Neill’s decision to retire as technical director and to step down from the group management committee at the end of the year. He would also step down from the Anglo American board on the same... 

Tony O'Neill is retiring at the end of December
Tony O'Neill is retiring at the end of December

Low risk of further breaches at Williamson TSF, but production restart pushed to mid-2023

By: Schalk Burger     30th November 2022 LSE-listed diamond producer Petra Diamonds' assessment team has concluded that there is a low risk of further breaches of the tailings storage facility (TSF) at the Williamson mine, in Tanzania, or a breach of the New Alamasi water dam. This follows the November 7 breach of the eastern wall of... 

More Eskom arrests as coal truck driver, supervisor apprehended at Matla station

By: News24Wire      30th November 2022 A truck driver and his supervisor were arrested for allegedly swapping out good-quality coal, and delivering sub-standard product to Eskom’s Matla power station on Monday. "The arrests took place after the truck driver was found to be in possession of sub-grade coal destined for the facility. The... 

New CEO for Buffalo Coal, Oosthuizen becomes CFO

By: Mariaan Webb     30th November 2022 South African coal company Buffalo Coal announced on Wednesday that Emma Oosthuizen had resigned as CEO of the company by triggering the termination clause of her employment contract. This follows the change of control of ownership of Buffalo Coal, with Belvedere Resources now the majority... 

Marula secures option on graphite licences in Tanzania

By: Marleny Arnoldi     30th November 2022 London-headquartered Marula Mining has entered into a binding head of agreement with Tanzanian miner Kusini Gateway Industrial Park (KGIP) to secure a 73% commercial interest in the Bagamoyo graphite project, in Tanzania. The project extends over 180 ha and comprises 22 granted graphite mining... 

NMP completes final ESIA after years of battling for Sandpiper project approval  

By: Marleny Arnoldi     30th November 2022 Namibian Marine Phosphate (NMP) says it has completed a final environmental- and social-impact assessment (ESIA), which includes the current and best available scientific data for the area in the ocean where it intends to mine phosphate. The company has since 2012 struggled to get through the... 

Zimbabwe says China's Tsingshan to set up lithium operations

By: Reuters     30th November 2022 Zimbabwe has signed an agreement with Tsingshan Holdings Group, which plans to set up lithium mining and processing operations in the southern African country, President Emmerson Mnangagwa said on Tuesday. Tsingshan, one of the world's top nickel producers, is currently building a $1-billion... 

Thor Explorations posts $4.1m net profit for the third quarter

By: Schalk Burger     30th November 2022 Aim-listed mineral exploration company Thor Explorations (THX) says gold sales generated revenue of $55.7-million for the quarter ended September 30, and $121.9-million for the nine months ended September 30. The company achieved net profit of $4.1-million for the quarter and $10.4-million for... 

Copper heads for best month since April 2021

By: Bloomberg     30th November 2022 Copper is poised for its biggest monthly advance since April last year, as investors bet China may shift from Covid-Zero policies and boost demand in the top metal-consuming economy. Prices have increased about 8% on the London Metal Exchange in November, snapping seven months of losses. China... 

Warrego asks for time on Hancock bid

By: Esmarie Iannucci     Updated 44 minutes ago Takeover target Warrego Energy has urged shareholders not to take any action regarding a rival bid that emerged from Hancock Energy this week. Hancock Energy on Wednesday announced an all-cash offer of 23c a share for all of the shares in Warrego, trumping a current 20c a share cash bid from... 

Consortium looks at green energy project in Qld

By: Esmarie Iannucci     Updated 48 minutes ago An energy consortium, consisting of Queensland government-owned energy company CS Energy, Idemitsu Australia, and Energy Estate, will jointly study the feasibility of generating and exporting green ammonia from the Port of Abbot Point near Bowen. The North Queensland Clean Energy (HyNQ) project... 

Rio sets out targets for 2023

By: Esmarie Iannucci     Updated 52 minutes ago Diversified miner Rio Tinto has set out its production growth and decarbonisation targets in an investor seminar. The miner told investors this week that the energy transition expected to add as much as 25% in new demand above traditional sources on a copper equivalent basis across the group's... 

Image shows a Rio Tinto branded hard hat

Poseidon raises cash for Black Swan restart

By: Esmarie Iannucci     Updated 53 minutes ago Nickel developer Poseidon will raise up to A$9-million to progress the restart of its Black Swan project, in Western Australia. The company has received firm commitments for the placement of 171.5-million shares, at a price of 3.5 each, to raise an initial A$6-million under its existing... 

Red Dirt hoping to raise A$60m for lithium hunt

By: Esmarie Iannucci     Updated 56 minutes ago ASX-listed Red Dirt Metals has set a A$55-million capital raise target to fund its lithium growth plans in Western Australia. The company on Thursday announced plans to undertake a two-tranche share placement of some 110-million new shares, priced at 50c each, to raise A$55-million. 

Resources Watch  

30th November 2022 This week: Sedibelo Platinum will now have wind power as well as solar and smelterless technology; Platinum moving into meaningful deficit amid emergent source of new end-demand; and, New implements to complement tailings testing portfolio 

Resources Watch

Rio Tinto 2023 iron-ore shipments seen in line with 2022 view

By: Reuters     30th November 2022 Global miner Rio Tinto said on Wednesday its iron ore shipments in 2023 would be in the same range as this year's forecast, and warned costs would be higher. The Anglo-Australian miner expects to ship between 320-million tonnes and 335-million tonnes of the steel-making ingredient next year. It... 

Business groups warn Congress must act soon to avert 'catastrophic' rail strike

By: Bloomberg     30th November 2022 Business groups are signaling the alarm that President Joe Biden’s call for Congress to intervene in a US rail labor dispute could come too late to stop a potential shutdown of transportation arteries vital to the broader economy. Biden has lined up support from both Democratic and Republican... 

Former Nutrien exec to act as strategic adviser to Arianne

By: Mariaan Webb     30th November 2022 Development-stage phosphate mining company Arianne Phosphate has appointed Raef Sully – a 10-year veteran of Nutrien and its predecessor Potash Corp – as a strategic adviser. Sully has most recently served as Nutrien executive VP and CEO of the nitrogen and phosphate divisions, where he was... 

Employee dies at Alamos’ Young-Davidson mine

By: Creamer Media Reporter      30th November 2022 Mining company Alamos Gold on Tuesday reported that a worker had died at its Young-Davidson mine, in Ontario, in an underground accident. “We are shocked and deeply saddened by the loss of our colleague. Nothing is more important than the safety of our employees. On behalf of the entire team at... 

Strategic investor puts $12m into FPX Nickel

By: Mariaan Webb     30th November 2022 TSX-V-listed FPX Nickel has entered into a subscription agreement for a private placement financing with a new corporate strategic investor, raising gross proceeds of $12-million that it plans to use for the continued development of its nickel project in British Columbia. Under the terms of the... 

SilverCrest refinances $120m project facility

By: Mariaan Webb     30th November 2022 Vancouver-headquartered SilverCrest has refinanced its $120-million secured project facility, of which it had drawn $90-million, with a new senior secured credit facility through a syndicate of lenders comprising The Bank of Nova Scotia and Bank of Montreal. The new $120-million credit facility... 

Lundin Gold forecast more than 400 000 oz/y for next three years

By: Mariaan Webb     30th November 2022 Canada-based Lundin Gold has published its three-year production guidance, with its outlook for the Fruta del Norte mine, in Ecuador, well above 400 000 oz/y until between 2023 and 2025. “Now that the South Ventilation Raise has been completed, the additional ventilation will allow us to... 

Australian Strategic Materials seeking investors for Dubbo rare earths project

By: Reuters     30th November 2022 Rare earths producer Australian Strategic Materials (ASM) is seeking investors for its Dubbo project in New South Wales state, the company's CEO Rowena Smith said on Wednesday. "So we are looking for offtake partners who will then take an equity portion in the project," Smith told Reuters at... 

Australian battery metal players key to South Korea's EV ambition

By: Reuters     30th November 2022 Australia will play a big role in South Korea's ambition to lead the electric vehicle batteries market and diversify from China for its battery metals needs, a top South Korean executive said on Wednesday. Ben Bosung Kim, the MD for steel giant POSCO in Australia, said the company has already... 

Indonesia plans to appeal after losing WTO nickel dispute with EU

By: Reuters     30th November 2022 Indonesia's president said on Wednesday his country would appeal a trade dispute ruling that he stated had gone in favour of the European Union, which had sued Indonesia over its 2020 ban on exports of nickel ore. Speaking at an investment event, President Joko Widodo vowed the World Trade... 

Royalty firm URC opts to receive physical uranium from McArthur River

By: Mariaan Webb     30th November 2022 Nasdaq- and TSX-V-listed Uranium Royalty Corp (URC) has elected to receive royalty proceeds from the recently re-started McArthur River mine, in Canada, through the delivery of physical uranium. URC’s royalty interest applies to Orano Canada’s 30.195% ownership interest in the McArthur River... 

Royalty firm URC opts to receive physical uranium from McArthur River

Viking joins Flinders in Canegrass

By: Esmarie Iannucci     30th November 2022 Junior Viking Mines has inked a binding agreement with Flinders Mines to earn up to a 99% interest in the Canegrass battery minerals project, in Western Australia. Under the terms of a farm-in agreement, Viking would acquire the majority interest in the project by spending A$4-million... 

Global Lithium completes SPP

By: Esmarie Iannucci     30th November 2022 Lithium developer Global Lithium Resources has completed its A$10.1-million share purchase plan (SPP) as part of the funding solution to fund the Manna lithium project acquisition. Global said on Wednesday that the company had received valid applications exceeding A$13.8-million, with the average... 

Woodside brings Traditional Owners in on power project

By: Esmarie Iannucci     30th November 2022 Oil and gas major Woodside has entered into a bilateral Indigenous Land Use Agreement and a modern benefits-sharing and relationship agreement with the Ngarluma Aboriginal Corporation (NAC) over the proposed Woodside power project in the Pilbara. Woodside is currently investigating the supply of... 

Metallica raises cash to advance Cape Flattery

By: Esmarie Iannucci     30th November 2022 ASX-listed Metallica Minerals will raise some A$9.6-million through a fully underwritten share placement and a fully underwritten non-renounceable pro-rata entitlement offer to progress its Cape Flattery silica sands project, in the Cape York Peninsula. The company was aiming to raise just under... 

Teck Resources taps insider Crystal Prystai for CFO

By: Reuters     30th November 2022 Canada-based mining company Teck Resources said on Tuesday Crystal Prystai has been appointed as chief financial officer and senior vice president. Prystai will succeed Jonathan Price, who was appointed the CEO earlier this year following the departure of company veteran Don Lindsay. Prystai... 

Suncor Energy forecasts higher spend in 2023

By: Reuters     30th November 2022 Canada's Suncor Energy on Tuesday forecast higher capital expenditure for 2023 as the energy company counters high inflation, rising interest rates and geopolitical unrest. Rising costs and shortages of labor and materials have troubled the oil and gas industry this year, and many suspect the... 

WA unlikely to be affected by Santos gas leak

By: Esmarie Iannucci     30th November 2022 The gas leak and subsequent shut-down of the John Brooks platform, offshore Western Australia, is not expected to impact gas supply to the state. Oil and gas major Santos this week announced the temporary shut-down of the platform, which is the main platform supplying the Varanus Island... 

Red River calls in administrators

By: Esmarie Iannucci     30th November 2022 Administrators have been called in at ASX-listed Red River Resources. The company’s MD Mel Palancian resigned in July this year, followed by chairperson Brett Fletcher and non-executive director Ian Smith in August, while its subsidiary Cromarty Resources was placed into voluntary administration... 

Hancock reports A$5.8bn profits

By: Esmarie Iannucci     30th November 2022 Unlisted iron-ore major Hancock Prospecting has reported a A$5.8-billion net profit after tax for the 2022 financial year. Net profits after tax for the 2022 financial year compared with the A$7.3-billion reported in 2021 and the A$40.7-billion in 2020. 

Hancock makes a play for Warrego

By: Esmarie Iannucci     30th November 2022 Gina Rinehart’s Hancock Energy, which is a subsidiary of Hancock Prospecting, has made a competing bid for ASX-listed Warrego Energy. Hancock Energy on Wednesday announced an all-cash offer of 23c a share for all of the shares in Warrego, trumping a current 20c a share cash bid from ASX-listed... 

Rio invests further in renewable energy

By: Esmarie Iannucci     30th November 2022 Diversified major Rio Tinto will invest a further A$600-million million in renewable energy assets in the Pilbara as part of its efforts to decarbonise its Western Australian iron-ore operations. The investment will fund the construction of two 100 MW solar power facilities as well as 200 MWh... 

Image shows solar panels

Latest News  by  

more

Company Post

more

Latest Videos and Audio

Resources Watch

Australia’s platinum pioneer highlighting greenness, mulling smelterless tech

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds

Crime, platinum demand, R1bn fuel cell factory make headlines

Magazine round up | 25 November 2022

New implements to complement tailings testing portfolio

Platinum moving into meaningful deficit amid emergent source of new end-demand

Sedibelo Platinum will now have wind power as well as solar and smelterless technology

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

 

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
Subscribe Now
Free daily email newsletter Register Now