https://www.miningweekly.com
R/€ = 17.15 Change: -0.20
R/$ = 14.31 Change: -0.14
Au 1776.67 $/oz Change: 30.66
Pt 1203.79 $/oz Change: 16.29
 
Close

Email me free daily news

Email address

Sibanye launches campaign to reimagine, foster Marikana community of the future 

By: Donna Slater     16th April 2021 Precious metals miner Sibanye-Stillwater has launched the Marikana Renewal Programme to tackle the legacy of the Marikana mine following the August 16, 2012, killing of 34 mineworkers by the South African Police Service. Sibanye had acquired the Marikana mine when it bought out Lonmin in 2019.... 

Sibanye launches campaign to reimagine, foster Marikana community of the future
A new dawn has been imagined by Marikana mine operator Sibanye-Stillwater with the launch of the Marikana Renewal Programme

Business outlines strategy for supporting ramp-up to daily vaccination tempo of 250 000 by September 

By: Terence Creamer     16th April 2021 Business for South Africa (B4SA) has outlined its strategy for a steady upscaling of the private sector’s capacity to administer the Covid-19 vaccine and position the country’s public and private health sectors to reach a daily vaccination rate of more than 250 000 by September. B4SA health... 

Business outlines strategy for supporting ramp-up to daily vaccination tempo of 250 000 by September

Reject incoming Glencore CEO's pay package, advisers recommend 

By: Reuters     16th April 2021 Glencore shareholders should reject a proposed pay package for incoming CEO Gary Nagle at the trading firm's annual general meeting (AGM) this month, proxy advisers Glass Lewis and Institutional Shareholder Services (ISS) have recommended. Glencore announced in December that Nagle would take... 

Reject incoming Glencore CEO's pay package, advisers recommend
Glencore incoming CEO Gary Nagle

Resgen cut off from further Noble funding, senior executives resign

By: Marleny Arnoldi     16th April 2021 ASX-and JSE-listed Resource Generation (Resgen) has announced that Noble Resources International will no longer be providing loan funding to the company’s partially-owned subsidiary Ledjadja Coal. The company had reached an in-principle agreement with Noble in mid-March to provide additional... 

Merafe lifts first-quarter ferrochrome production

By: Donna Slater     16th April 2021 Ferrochrome producer Merafe Resources reports that its attributable ferrochrome production from the Glencore Merafe Chrome Venture increased by 3% year-on-year to 130 000 t for the first quarter of this year. The increase, which has been achieved despite the Lydenburg smelter and Rustenburg... 

Fitch Solution foresees a turn for the better in mining spend, output, profit in 2021

By: Marleny Arnoldi     16th April 2021 Research agency Fitch Solutions expects production, capital expenditure (capex) and profitability in the mining industry to improve this year as commodity prices are soaring, while economies are recovering and vaccines are rolled out. The agency forecasts that major mining firms will raise their... 

Battery supply chain market attracted $21bn of investment in 2020

By: Marleny Arnoldi     16th April 2021 Research agency Fitch Solutions says global investment of more than $21-billion toward the electric vehicle (EV) battery supply chain shows the urgency of market expansion. With Western Europe claiming the biggest share of investment, it reflects the focus on producing EVs in the region and the... 

Specialist vehicles to benefit from platinum-based fuel cell electric propulsion, says council

By: Tasneem Bulbulia     16th April 2021 Sales of hydrogen fuel cell electric vehicles (FCEVs) could reach 4.6-million a year by 2030, especially as the cost of hydrogen starts to fall, the World Platinum Investment Council (WPIC) estimates. In the short to medium term, platinum demand growth is likely to be driven by heavy-duty and... 

Tirupati Graphite to raise £10m to fast-track development plan

By: Tasneem Bulbulia     16th April 2021 Specialist graphite producer Tirupati Graphite, with operations in Madagascar and India, has announced a placing with institutional and other investors of 11-million ordinary shares to raise an aggregate gross amount of £10-million. Certain directors of the company are subscribing for shares... 

Prospect raises cash for Arcadia investment

By: Esmarie Iannucci     16th April 2021 Lithium hopeful Prospect Resources will raise A$6.5-million in a share placement to advance work at its Arcadia lithium project, in Zimbabwe. The company has received subscriptions for the placement of some 41.9-million shares, at a price of 15.5c each from institutional and sophisticated... 

China's Q1 coal output rises 16% on strong demand for winter heating

By: Reuters     16th April 2021 China's coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust industrial activity. China churned out 970.56-million tonnes of coal between January and March, up from 829.91-million tonnes in the same period in 2020,... 

New Woodside boss faces existential threats, outgoing CEO says

By: Reuters     16th April 2021 Woodside Petroleum's outgoing boss said on Friday his replacement will face two company-defining challenges: replacing its ageing assets and managing the transition to cleaner energy. Australia's top independent gas producer is betting its future on the $11-billion Scarborough gas project, with... 

New Woodside boss faces existential threats, outgoing CEO says
Woodside outgoing Peter Coleman

White House considers methane-busting vow before climate summit

By: Bloomberg     16th April 2021 The Biden administration is considering singling out methane for significant reductions as part of a pledge to cut greenhouse gases in advance of a climate summit next week, according to two people familiar with the matter. President Joe Biden is already expected to unveil an ambitious goal for... 

Dalian coking coal futures surge as safety inspections stoke supply concerns

By: Reuters     16th April 2021 Chinese coking coal futures surged almost 6% on Friday, climbing to a three-month peak, after some major coal-producing regions ramped up their safety inspections, stoking supply concerns. Authorities in provinces and region including Shanxi, Henan and Inner Mongolia have recently stepped up... 

Century picks ASX for Joyce Lake iron-ore IPO

By: Mariaan Webb     16th April 2021 Toronto-listed Century Global Commodities has announced that its Joyce Lake direct shipping ore (DSO) project – the most advanced in its portfolio – will be spun out and listed on the Australian bourse to raise funding to advance the project towards development. CEO Sandy Chim says the ASX was... 

Gold, exploration and coal contracts make headlines  

16th April 2021 Mining Weekly Editor Martin Creamer unpacks Barberton’s potential to get South African gold mining going again, South Africa’s exploration industry's deadline to comment on controversial draft regulations and Treasury being asked to cancel coal contracts and replace them with new ones at double... 

Gold, exploration and coal contracts make headlines (Camera: Nicholas Boyd)

Australia's lithium miners bank on brighter times ahead as prices soar

By: Reuters     16th April 2021 Australian-listed lithium miners are preparing for better times ahead, filings showed this week, as they outlined expansion plans in the wake of soaring prices for the raw material used in electric vehicle batteries. Mineral Resources, Orocobre and Pilbara Minerals filed reports that pointed to... 

Australia's lithium miners bank on brighter times ahead as prices soar

Neometals secures Barrambie offtake interest

By: Esmarie Iannucci     16th April 2021 ASX-listed Neometals has inked a memorandum of understanding (MoU) with titanium slag producer Jiuxing Titanium Materials over the Barrambie titanium/vanadium project, in Western Australia. The project has previously been granted a mining proposal for a 1.2-million tonne a year operation and... 

i-80 to start major drill campaign at Getchell

By: Mariaan Webb     16th April 2021 Nevada-focused i-80 is gearing up for a major drill campaign at its Getchell project, near Winnemucca, CEO Ewan Downie said on Thursday, announcing that it had completed the purchase of the project from Waterton Global Resource Management. The Getchell project will be i-80’s focus for the year,... 

First concentrates produced at Plomosas

By: Esmarie Iannucci     16th April 2021 The first lead and zinc concentrates have been produced at the Plomosas zinc mine, in Mexico. ASX-listed Consolidated Zinc on Friday reported that construction of the tailings dam has been completed, with the project now operational, while process plant refurbishments was also completed within... 

Rex's A$9.5m raise well supported

By: Esmarie Iannucci     16th April 2021 ASX-listed Rex Minerals has completed a A$9.5-million share placement to institutional and sophisticated investors. The placement comprised 39.6-million shares, which were placed at 24c each under the company’s existing 15% placement capacity. 

Viking raises funds for WA drilling

By: Esmarie Iannucci     16th April 2021 Junior explorer Viking Mines will raise A$4-million in a share placement to sophisticated and professional investors to fund drilling at its First Hit gold project, in Western Australia. The company said on Friday that it had received firm commitments for the placement of more than... 

Origin warns of economic fallout of arbitrator ruling

By: Esmarie Iannucci     16th April 2021 Energy major Origin Energy has warned of a A$30-million to A$40-million increase in the company’s cost of supply for the 2021 financial year, and a further A$60-million to A$80-million increase in 2022. Origin has been engaged in a price review for the gas purchased from fellow-listed Beach... 

Medusa invests in Co-O infrastructure

By: Esmarie Iannucci     16th April 2021 Gold miner Medusa Mining has approved the $54-million spend on the Tigerway decline project, at its Co-O gold mine in the Philippines. A study completed early in 2020 concluded that the establishment of the Tigerway decline was the best option to access ore below Level 12 at the mine, extending... 

Fortescue reaches shipment milestone

By: Esmarie Iannucci     16th April 2021 Iron-ore major Fortescue Metals has marked 1.5-billion tonnes of ore shipped from its Pilbara operations, in Western Australia. The company, which was established in 2003, shipped its first iron-ore from Port Hedland in 2008, and since then, more than 46 680 trains have been uploaded at Port... 

Fortescue reaches shipment milestone

Mining investor TechMet closes second funding round at $120m

By: Reuters     16th April 2021 Mining investment firm TechMet, which counts the US government as its largest investor, said on Thursday it had closed its second round of funding at $120-million, roughly 50% higher than initially expected. The firm, which is an investor in battery recycler Li-Cycle, has now raised nearly... 

Mining investor TechMet closes second funding round at $120m

Hudson says ‘business as usual’ in Greenland

By: Mariaan Webb     16th April 2021 Canadian development company Hudson Resources is confident that it is “business as usual” for its projects in Greenland, following the Inuit Ataqatigiit (IA) party’s recent election victory. Hudson president Jim Cambon says the IA party has publicly stated that it is pro-mining and that it has... 

Peru candidate seeks bigger cut from mining, not State control

By: Bloomberg     16th April 2021 The first-round winner of Peru’s Presidential election wants to renegotiate contracts with mining companies rather than seize assets, a party official said. While Free Peru’s official political platform mentions taking control of natural resources, its candidate Pedro Castillo isn’t looking to... 

Magazine round up | 16 April 2021 

16th April 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 16 April 2021

Emerging coal changes poised to present new electricity price risk 

By: Martin Creamer     15th April 2021 South Africa’s emerging coal mining changes are poised to present new electricity price risk as the Treasury and Eskom are called upon to consider the softening of uneconomic contractual coal-supply obligations. An example of this is Treasury being asked to authorise Eskom paying more to Seriti... 

Emerging coal changes poised to present new electricity price risk
South32 COO Mike Fraser

Phased development approach provides opportunities for Emmerson’s Khemisset project

By: Tasneem Bulbulia     15th April 2021 Morocco-focused potash development company Emmerson’s assessment of a conceptual, phased development plan for its 100%-owned Khemisset potash project, aimed at reducing upfront capital costs and incorporating expansion options, has been completed, resulting in major value enhancing opportunities.... 

Glencore makes further emissions, tailings commitments

By: Marleny Arnoldi     15th April 2021 Global diversified miner Glencore’s 2020 Sustainability Report, published on April 14, now incorporates information from both its standalone human rights report and the environmental, social and governance data books published in previous years. The company’s sustainability report includes a... 

Glencore makes further emissions, tailings commitments
Glencore sustainable development head Anna Krutikov

Barrick maintains full-year guidance after good first-quarter performance 

By: Marleny Arnoldi     15th April 2021 NYSE- and TSX-listed Barrick Gold says it is on track to reach its production targets for the current financial year, after reporting preliminary production of 1.1-million ounces of gold and 93-million pounds of copper in the first quarter of the year. The preliminary first-quarter gold output... 

Barrick maintains full-year guidance after good first-quarter performance
Pueblo Viejo

Kenmare settles into higher output numbers after plant relocation

By: Marleny Arnoldi     15th April 2021 London-listed Kenmare Resources says it is seeing an uptick in production as the relocated Wet Concentrator Plant B settles into operation at the Pilivili site, at the Moma titanium minerals mine, in Mozambique. The move of the plant started from the Namalope orezone to Pilivili in the third... 

Botswana Diamonds to undertake second stage drilling campaign at Thorny River

By: Tasneem Bulbulia     15th April 2021 Dual-listed diamond explorer Botswana Diamonds will begin a further drilling programme on its Thorny River diamond prospect, in South Africa’s Limpopo province, on April 19. Following the discovery of the River kimberlite pipe, the company upgraded the potential of the property. 

Board approves African Gold Group’s plan to update Kobada DFS

By: Donna Slater     15th April 2021 Following encouraging results from an exploration drilling campaign and sulphide metallurgical test work, TSX-V-listed gold explorer and developer African Gold Group (AGG) has received board approval to initiate an update to the July 2020 definitive feasibility study (DFS) to advance its flagship... 

Anglo Asian forecasts lower 2021 gold output

By: Creamer Media Reporter      15th April 2021 London-listed Anglo Asian expects this year’s gold production to fall below that of last year, as the Ugur mine in the Gedabek licence area, in Azerbaijan, has been depleted, but copper production will increase year-on-year. This year, mining will only take place in the existing Gedabek openpit... 

Anglo Asian forecasts lower 2021 gold output
The Gedabek operation in Azerbaijan

Irish junior IMC to buy northern Armenia gold mine

By: Creamer Media Reporter      15th April 2021 Ireland-based IMC Exploration has announced a conditional agreement to buy the Karaberd gold mine, in northern Armenia, thereby expanding the geographical scope of its operations. London-listed IMC will buy the entire issued share capital of MVI Ireland from Mineral Ventures Invest, a reverse... 

Latest News  by  

more

Company Post

more

Latest Videos and Audio

On-The-Air (16/04/2021)

Gold, exploration and coal contracts make headlines

Magazine round up | 16 April 2021

Barberton should be focus of new gold thrust – exploration geologist

Exploration industry has tight deadline to comment on controversial draft regulations

On-The-Air (09/04/2021)

Hydrogen, thermal coal, exploration make headlines

Magazine round up | 09 April 2021

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