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Release by AngloGold of vast exploration information attracting interest 

By: Martin Creamer     10th May 2021 The release by departing AngloGold Ashanti of its vast exploration information is attracting interest, AngloGold executive VP of group planning and technical Graham Ehm said on Monday. Contained online is an exploration database involving the historic Witwatersrand Gold Basin and other goldfields... 

Release by AngloGold of vast exploration information attracting interest
Photo by Creamer Media
AngloGold executive VP of group planning and technical Graham Ehm

AngloGold Q1 earnings rise to $203m despite lower production, higher costs

By: Martin Creamer     10th May 2021 Gold mining company AngloGold Ashanti reported first quarter headline earnings of $203-million, driven by the higher gold price. Q1 production of 2021 of 588 000 oz was down on the 630 000 oz for the same period last year and total cash cost of $999/oz was well up on the $773/oz from continuing... 

AngloGold Q1 earnings rise to $203m despite lower production, higher costs
Photo by Creamer Media
AngloGold Ashanti interim CEO Christine Ramon

Orion obtains urgent interdict to prevent further protest disruption at Prieska 

By: Simone Liedtke     10th May 2021 Copper developer Orion Minerals has obtained an urgent interdict in the Northern Cape High Court, in Kimberley, to prevent any further disruption to its business at the Prieska copper/zinc mine involving violence and intimidation. Orion on May 7 said actions at the miner’s operations have “mostly... 

Orion obtains urgent interdict to prevent further protest disruption at Prieska

Colleagues pay tribute to Wits’ Fred Cawood as he prepares to retire 

By: Donna Slater     10th May 2021 After 22 years with the Wits School of Mining Engineering, Wits Mining Institute director Professor Fred Cawood is planning to retire at the end of May, starting what he calls his “second life” at the age of 60. He explains that the theory behind a “second life” is based on Japanese work ethics... 

Colleagues pay tribute to Wits’ Fred Cawood as he prepares to retire
Photo by Creamer Media
Wits Mining Institute director Professor Fred Cawood

Nersa urges stakeholders to join it in opposing Eskom’s latest court challenge 

By: Terence Creamer     10th May 2021 The National Energy Regulator of South Africa announced on Monday that it would oppose an Eskom High Court application seeking to review and set aside the Energy Regulator’s latest regulatory clearing account determination. In an unusual step, the regulator also urged other stakeholders to join... 

Nersa urges stakeholders to join it in opposing Eskom’s latest court challenge

‘Right policy changes’ could ignite R150bn in electricity investment by private firms 

By: Terence Creamer     10th May 2021 Business Leadership South Africa, which is made up of some of South Africa's largest domestic and multinational companies, estimates that private firms would move to invest billions in new power generation capacity in the near term should the rules governing embedded or distributed plants be... 

 ‘Right policy changes’ could ignite R150bn in electricity investment by private firms

Weekly Coal Index Report

10th May 2021 As the coal market rallies once more, Anglo Coal’s “Thungela” is about to see the light of day. It will no doubt act as a proxy for a pure-play tier one South African coal producer. Will shareholders abandon it as a dirty, unloved orphan, preferring the bright lights and promise of clean energy?... 

Weekly Coal Index Report

New report identifies global mining sector's carbon reduction opportunities

By: Tasneem Bulbulia     10th May 2021 The global mining industry must move away from legacy systems and processes if it is to meet the challenge of decarbonisation. This is according to a new report, ommissioned by engineering company Weir Group, which calculates mining’s share of global energy consumption and identifies ways the... 

Low carbon world needs $1.7-trillion in mining investment

By: Reuters     10th May 2021 Mining companies need to invest nearly $1.7-trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie. The United States, Britain, Japan, Canada and others raised their targets... 

Low carbon world needs $1.7-trillion in mining investment

Harmony appoints new investment committee member

By: Donna Slater     10th May 2021 JSE-listed gold miner Harmony Gold Mining Company, with operations in Gauteng, the North West and the Free State, as well as in Papua New Guinea, has appointed Peter Turner as a new member of its investment committee, effective May 7. Prior to this, Turner had also been appointed as an... 

Gem recovers another large diamond at Letšeng

By: Creamer Media Reporter      10th May 2021 LSE-listed Gem Diamonds has recovered a high-quality 370 ct Type II white diamond from the Letšeng mine in Lesotho. This follows the company's announcement on May 4 of the recovery of a high-quality 254 ct Type II white diamond. 

Gem recovers another large diamond at Letšeng

Bibemi drilling analysis results delayed amid lab backlog

By: Tasneem Bulbulia     10th May 2021 Aim-listed Oriole Resources says it has been made aware of delays at the assaying laboratory in Côte d'Ivoire that have impacted turnaround times for the remaining results of the maiden diamond drilling programme at its 51%-owned Bibemi gold project, in Cameroon. The laboratory is reportedly... 

AVZ forging strong relations with DRC govt

By: Esmarie Iannucci     10th May 2021 ASX-listed AVZ Minerals on Monday told shareholders that the newly established government of the Democratic Republic of the Congo (DRC) had approved the draft inter-ministerial decree and draft cooperation agreement with the lithium and tin developer. The approval of both documents by the DRC... 

Fifteen killed in landslide at Guinea gold mine

By: Reuters     10th May 2021 A landslide at an artisanal gold mine has killed at least 15 people in northeastern Guinea, the government said on Sunday. The disaster took place on Saturday in remote Siguiri province, 800 km (500 miles) from the capital Conakry. The zone holds some of the West African country’s largest gold... 

Iron-ore turns ‘very, very hot’ as prices jump 10% in minutes

By: Bloomberg     10th May 2021 Iron-ore futures leaped higher as trading opened on Monday, extending a record run amid rampant Chinese demand and a wider surge in commodity prices as the global economy recovers. Futures in Singapore jumped more than 10% to hit a fresh record high of $226 a ton. The steelmaking raw material is... 

Iron-ore turns ‘very, very hot’ as prices jump 10% in minutes

Artemis Gold to raise up to C$156m

By: Creamer Media Reporter      10th May 2021 Toronto-listed Artemis Gold on Monday announced that it would raise up to C$156-million to make its final cash payment for the Blackwater gold project, which it bought from New Gold, and to fund permitting and development costs. Artemis entered into an agreement with a syndicate of underwriters,... 

Investors bet billions that the metals bull run isn’t stopping

By: Bloomberg     10th May 2021 A year into the red-hot bull run in industrial metals that’s lifted copper to record highs, investors are still piling in, staking billions of dollars that it won’t run out of steam any time soon. The word from Wall St. is “don’t stop buying now", with Goldman Sachs Group and Bank of America... 

Investors bet billions that the metals bull run isn’t stopping

Cameco Q1 results in line with expectations

By: Creamer Media Reporter      10th May 2021 Canadian uranium miner Cameco on Friday reported first-quarter results that were in line with its expectations, reporting an adjusted loss of $29-million, or $0.07 a share, for the three months ended March 31. The adjusted loss compares with adjusted earnings of $29-million in the same quarter... 

Cameco Q1 results in line with expectations

Perenti chair steps down over health concerns

By: Esmarie Iannucci     10th May 2021 Contractor Perenti has announced that non-executive chairperson Ian Cochrane would step down from the board, effective immediately. The board has appointed non-executive deputy chairperson Robert Cole as chairperson, and has started the process of identifying and appointing a new non-executive... 

Offtake eyed at Beharra

By: Esmarie Iannucci     10th May 2021 Silica Sand explorer Perpetual Resources has inked a memorandum of understanding (MoU) with China’s Guangdong Qinyin New Material Technology Co over the purchase of some 400 000 t/y of high grade silica sand from the Beharra project, in Western Australia. Under the MoU the parties would... 

Copper smashed past a record - here's what you need to know

By: Bloomberg     10th May 2021 Copper soared last week to an all-time high, continuing a sizzling rally that’s seen prices double in the past year. The previous copper record was set in 2011, around the peak of the commodities supercycle sparked by China’s rise to economic heavyweight status — fueled by massive amounts of raw... 

Copper smashed past a record - here's what you need to know

Northern Star invests a further A$15m in Tanami Central

By: Esmarie Iannucci     10th May 2021 Junior Tanami Gold has struck a joint venture (JV) agreement with gold miner Northern Star Resources to start mining the Groundrush deposit, at the Central Tanami JV, in the Northern Territory. Under the terms of the agreement, Northern Start would purchase a further 10% stake in the project,... 

ABR defers phased approach for Fort Cady

By: Esmarie Iannucci     10th May 2021 ASX-listed American Pacific Borates (ABR) has announced plans to defer Phase 1A of its Fort Cady borate mine, in Southern California. The starter project had initially targeted a production rate of 40 000 t/y sulphate of potash (SoP) and 9 000 t/y of boric acid, increasing to 90 000 t/y SoP and... 

ABR defers phased approach for Fort Cady

Regis completes retail capital raise

By: Esmarie Iannucci     10th May 2021 Gold miner Regis Resources has completed the retail component of its entitlement offer, raising some A$30-million. The company said on Monday that it had received valid applications for some 20% of the 1-for-3.08 retail entitlement offer, with some 46-million shortfall shares to be allotted to... 

Comet Ridge awarded more exploration tenure in Qld

By: Esmarie Iannucci     10th May 2021 Natural gas developer Comet Ridge has been granted an authority to prospect (ATP) over a 338 km2 parcel of land located in the gas rich Bowen Basin, with the aim of bringing more gas to the Queensland market. “In the last 12 months the government has approved 10 new Authority to Prospect – half... 

Kyrgyzstan court fines Centerra Gold mining venture $3.1bn

By: Reuters     10th May 2021 A court in Kyrgyzstan on Saturday imposed a $3.1-billion fine on Kumtor Gold Company, which operates the nation's biggest gold mine, after ruling that the Canadian-owned firm had violated environmental laws. The district court decision came just a day after Kyrgyzstan's parliament passed a law... 

Kyrgyzstan court fines Centerra Gold mining venture $3.1bn

Weaning US of Chinese rare earths involves supply-chain perks

By: Bloomberg     10th May 2021 The only US producer of rare earths says the Biden administration needs to focus on giving incentives to producers of the building blocks that will drive electrification. Biden’s gargantuan $2.25-trillion infrastructure plan currently targets about $15-billion to build a network of... 

Weaning US of Chinese rare earths involves supply-chain perks
MP Minerals operates the Mountain Pass mine, in the US.

Eskom places senior coal procurement manager on suspension

By: Creamer Media Reporter      7th May 2021 Power utility Eskom has placed a senior manager in its coal procurement division on preliminary suspension, citing alleged corruption. This follows a whistle-blower tip-off to Eskom. 

Can Canada's oil-rich Alberta capture a low-carbon future?

By: Bloomberg     7th May 2021 At a research site in rural Alberta, carbon dioxide is injected deep into the ground. Using remote sensors, scientists monitor its movement to ensure the planet-heating gas does not migrate upwards. "Basically, think of ultrasound on bodies – we're doing ultrasound on the earth," said Don... 

Can Canada's oil-rich Alberta capture a low-carbon future?

New Memsa CEO to focus on advocacy, partnerships to grow local mining equipment manufacturing

By: Schalk Burger     7th May 2021 Industry organisation the Mining Equipment Manufacturers of South Africa (Memsa) has appointed Lehlohonolo Amos Molloyi CEO and programmes manager. He plans to maximise the industry body's impact through advocacy and partnership to support localisation, transformation, technology development and... 

Gold Fields going greener and cleaner across broad front 

By: Martin Creamer     7th May 2021 Gold mining company Gold Fields, which this week announced the board’s green light for a 40 MW solar photovoltaic plant at the South Deep mine, near Carletonville, intends taking short- medium- and long-term steps to lower emissions in underground mining in general and at South Deep in... 

Gold Fields going greener and cleaner across broad front
Photo by Creamer Media
Gold Fields' South Deep gold mine, near Carletonville

Lithium prices to normalise, as demand increases – Fitch Solutions

By: Simone Liedtke     7th May 2021 Following the spike in Chinese spot prices experienced from the end of December 2020 through to the end of January, research agency Fitch Solutions Country Risk and Industry Research expects broad lithium prices to soon normalise. Chinese spot prices for battery-grade lithium carbonate and... 

Global iron-ore production to recover this year, says GlobalData

By: Tasneem Bulbulia     7th May 2021 Global iron-ore production decreased by 3% to 2.2-billion tonnes in 2020; and global production is expected to grow at a compound annual growth rate (CAGR) of 3.7% between 2021 to 2025 to 2.66-billion tonnes, says data and analytics company GlobalData. The key contributors to this growth will be... 

DFFE invites comment on extension of mining rights financial provisioning

By: Marleny Arnoldi     7th May 2021 The Department of Forestry, Fisheries and the Environment (DFFE) has invited public comment on the planned 12-month extension of the transitional arrangements contained in the Financial Provisioning Regulations for mining rightholders, who obtained their rights before November 20, 2015. The... 

Global gold ETF holdings drop in the first quarter  

By: Tasneem Bulbulia     7th May 2021 Gold exchange-traded fund (ETF) investors liquidated 175 t in the first quarter of this year, representing the largest level of net quarterly outflows since the fourth quarter of 2013, says financial markets, data and infrastructure provider Refinitiv Metals Research. It was also the second... 

Solar at South Deep, ruthenium, short-termism make headlines   

7th May 2021 Mining Weekly Editor Martin Creamer unpacks Gold Fields' R660-million 40 MW solar plant at South Deep, the possible declining use of ruthenium in fuel cells in relation to green hydrogen and Barrick Gold's Mark Bristow's criticism of the resurgence short-termism.   

Solar at South Deep, ruthenium, short-termism make headlines

New Kyrgyz law allows for control of Kumtor

By: Mariaan Webb     7th May 2021 The Kyrgyzstan Parliament has passed a law that will enable the government to impose “external management” on the Kumtor Gold Company (KGC), owner Centerra Gold said on Friday, while also revealing that the mine faced a $3-billion civil claim and that it owed $170-million in additional taxes.... 

Sandvik Group to acquire African OEM Kwatani

By: Schalk Burger     7th May 2021 Mining and construction equipment and services company Sandvik Group will acquire African original-equipment manufacturer (OEM) of custom-engineered vibrating equipment Kwatani. The transaction is expected to be finalised in the fourth quarter of this year, subject to regulatory approvals and... 

Sandvik Group to acquire African OEM Kwatani
Kwatani CEO Kim Schoepflin

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