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South Africans called on to apply for funding to build South Africa’s hydrogen economy 
By: Martin Creamer 19th August 2022 A call for funding applications to be submitted for the development of the hydrogen economy is made in an advertisement placed today by South Africa’s Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation (DSI). The call is for funding applications to be... →
Platinum could see at least 400 000 oz/y of demand from green hydrogen sector
By: Marleny Arnoldi Updated 6 hours ago The World Platinum Investment Council (WPIC) finds in its Platinum Perspectives August 2022 research that platinum’s role in enabling the achievement of global decarbonisation targets could be highly significant, given its use in proton exchange membrane (PEM) electrolysers. In turn, PEM... →
Barrick Lumwana launches Zambia business accelerator programme
By: Schalk Burger Updated 2 hours 14 minutes ago Zambian miner Barrick Lumwana, in collaboration with the Accelerated Growth for Micro, Small and Medium-sized Enterprises in Zambia (AGS) programme and the Women's Entrepreneurship Access Center (WEAC), has launched the 10X Business Accelerator Programme to build business capacity for local... →
BME says more greenfield projects are needed
By: Marleny Arnoldi Updated 2 hours 38 minutes ago Bulk emulsion explosives manufacturer BME says although mining profits have been bolstered in the last two years, more exploration and mine development are needed if the industry is to keep up with future demand, particularly for battery minerals. The commodity pipeline in South Africa will fall... →
Harmony announces board changes
By: Donna Slater 19th August 2022 JSE-listed gold miner Harmony Gold has appointed Bongani Nqwababa as investment committee member and chairperson, as well to the position of independent nonexecutive director, which will be shared with Martin Prinsloo with effect on May 18. In addition, Karabo Nondumo was appointed deputy... →
FFI makes waves in Egypt and Canada
By: Esmarie Iannucci 19th August 2022 The green energy arm of iron-ore miner Fortescue, Fortescue Future Industries (FFI) has inked a memorandum of understanding (MoU) to evaluate the development of green hydrogen projects in the Arab Republic of Egypt, just days after announcing plans to explore green hydrogen and renewable energy... →
Capital raises full-year revenue guidance on strong first-half performance
By: Darren Parker Updated 6 hours ago London-listed mining services company Capital has increased its full-year revenue guidance on the back of strong growth in the first half of this year. The company reported a 39.9% year-on-year increase in revenue to $138.1-million and a 47.3% year-on-year increase in net profit after tax to... →
Buffalo records R17.6m interim loss
By: Darren Parker Updated 2 hours 47 minutes ago South Africa-focused Buffalo Coal has narrowed its loss R17.6-million in the six months ended June 30, from R54.6-million in the same period last year, with revenue increasing by 7.5% year-on-year to R187.3-million. The company owns an interest in two coal mines in KwaZulu-Natal – Aviemore East... →
Opinion: Beyond zama-zamas – new vision required for Gauteng mining belt
Updated 7 hours ago In this article, project management, local government and property development advice and management services company Cadre Plan executive director and project lead on the Gauteng mining belt policy Reinier Minny writes about possible solutions to address tensions between mine owners, residents... →
Exxaro, Thungela make headlines in green energy 
Updated 7 hours ago Mining Weekly Editor Martin Creamer discusses Exxaro’s renewables company Cennergi’s agreement with Enertrag for the development of renewable projects in Mpumalanga; Exxaro eyeing green hydrogen; and Thungela's renewables move, as well as its free cash sharing and its initiative to plant a... →
Eskom warns of load-shedding risk as Koeberg Unit 2 is shut again
By: Terence Creamer Updated 3 hours ago Electricity utility Eskom reported on Friday that Unit 2 of the Koeberg Nuclear Power Station, which was returned to service earlier this month following an extended outage, was shut down after one of the control rods developed a mechanical problem. The utility indicated that repairs could take... →
China demand doubts darken mood as miners baulk at energy costs
By: Reuters Updated 4 hours ago The prospect of a global recession and doubts over economic stimulus in China, the world's biggest user of raw materials, add to the challenges of mining companies as they grapple with energy costs, raising the risk of downsizing and layoffs. None of the major diversified miners is under... →
Top uranium miner ups output target citing bullish nuclear outlook
By: Reuters Updated 6 hours ago The world's biggest uranium miner, Kazatomprom, has raised its 2024 output target, it said on Friday, citing growing demand for nuclear fuel amid global energy security concerns and the war in Ukraine. Kazakhstan-based Kazatomprom will boost production by 2 000 t to 3 000 t in 2024, it said in a... →
Cracks detected around land near mine and sinkhole in Chile
By: Reuters Updated 7 hours ago New cracks were detected in the ground near a sinkhole around a copper mine owned by Canada's Lundin Mining in Chile, but the company said Thursday that the cracks are unrelated to the hole or mining activity. The discovery in Chile's northern Atacama region has drawn attention to the arid... →
SQM expects strong lithium demand despite price pressures
By: Reuters Updated 7 hours ago Chilean miner SQM saw demand for lithium soar in the last quarter and expects the trend to continue despite price pressures, its executives said during an earnings call on Thursday. The company forecasts global lithium demand will grow 35% through 2022, according to a presentation shared during... →
ERG halts iron-ore supply to Russia's MMK due to sanctions
By: Reuters 19th August 2022 Eurasian Resources Group (ERG) has halted iron ore supplies to Russia's MMK from its giant Kazakh operation due to Western sanctions against the Russian company, ERG chairman Alexander Mashkevich said on Friday. MMK was once the main buyer of iron-ore from ERG's unit located in Kazakhstan's... →
Elon Musk’s license to print money off lithium didn’t last long
By: Bloomberg 19th August 2022 Elon Musk says there’s big money to be made by turning raw lithium into battery chemicals, but shrinking profit margins suggest the mining end of the business might still be a better bet. Musk last month described lithium refining as the hard part in the complex process of getting raw materials... →
Glencore to end silver streaming deal with Wheaton on Peru mine
By: Reuters 19th August 2022 Wheaton Precious Metals agreed to end its so-called silver "streaming" deal with Glencore on Peru's Yauliyacu mine for $150-million, the Canadian company said on Thursday, so that Glencore could divest the mine. Pioneered by Wheaton, the streaming model is a type of alternative financing in the... →
Significant savings earmarked at Brucejack - Newcrest
By: Esmarie Iannucci 19th August 2022 ASX- and TSX-listed Newcrest Mining on Friday unveiled a range of cost saving initiatives at its recently acquired Brucejack mine, in British Colombia, some 140-km from its Red Chris operation. The asset was acquired in a $2.8-billion takeover offer for TSX and NYSE-listed Pretium Resources... →
Newcrest declines a bigger stake in Havieron
By: Esmarie Iannucci 19th August 2022 Gold miner Newcrest on Friday announced that it would not acquire an additional 5% interest in the Havieron joint venture (JV), in Western Australia, at the $60-million price set by an independent valuer. Instead, the company’s interest in the JV would remain at 70%. →
Road blockades remain around Zijin's Colombia project
By: Reuters 19th August 2022 Road blockades set up by community members remained around Zijin Mining's Colombia concession on Thursday, after nearly a week of protests which have hit the Chinese company's production. The blockades were set up around the gold mine in Buritica municipality on August 12 to demand a rescue... →
MMG's troubled Las Bambas mine in Peru still has no timeline for expansion
By: Reuters 19th August 2022 Chinese miner MMG said on Thursday it still has no time frame for when it will be able to build a second open pit to ramp up production at its Las Bambas mine in Peru. Las Bambas, whose operations have often been disrupted by protests from neighboring indigenous communities, accounts for 2% of... →
Dateline raises cash for California hunt
By: Esmarie Iannucci 19th August 2022 Junior Dateline Resources is hoping to raise A$6.25-million to fund gold and rare earths exploration in California. The ASX-listed company will issue 62.5-million shares, at a price of 10c each under its existing placement capacity, and would grant 15.62-million unquoted options to participants... →
MACA still open to talks with NRW
By: Esmarie Iannucci 19th August 2022 Takeover target MACA on Friday confirmed that it had rebuffed a takeover offer from NRW Holdings, saying it was not superior to a takeover offer from Thiess. NRW this week confirmed it had launched a rival bid for MACA, offering combined cash and share merger valuing MACA shares at A$1.085 a... →
Gold Road not looking at De Grey takeover - yet
By: Esmarie Iannucci 19th August 2022 Gold miner Gold Road Resources has increased its shareholding in fellow-listed De Grey from 14.45% to 19.99%, but has said it had no immediate intentions to launch a takeover offer. Gold Road this week said that its acquisition of further shares in De Grey was consistent with the company’s... →
Miners welcome safeguard mechanism consultation
By: Esmarie Iannucci 19th August 2022 The Australian resources sector has welcomed a consultation paper from the federal government on the safeguard mechanism as part of providing certainty for Australia’s biggest emitters on their pathway to net zero emissions by 2050. Minister for Climate Change and Energy Chris Bowen this week... →
Newcrest profits fall slightly in 2022
By: Esmarie Iannucci 19th August 2022 Gold major Newcrest Mining has reported a drop in both production and revenue for the full year ended June, compared with the 2021 figures. Gold production for the full year reached 1.95-million ounces, down from the 2.09-million ounces in 2021, while copper production declined from 142 724 t to... →
Magazine round up | 19 August 2022
19th August 2022 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. →
Endeavour Silver chairperson Bradford Cooke dies
By: Mariaan Webb 19th August 2022 Mid-tier precious metals miner Endeavour Silver on Thursday announced the passing of its founder, director and executive chairperson Bradford Cooke in Vancouver at the age of 67. Cooke’s death was sudden and unexpected, the NYSE- and TSX-listed company said in a statement. →
Marikana bereaved say no healing can occur until someone takes responsibility
By: Darren Parker 18th August 2022 During a virtual event which commemorated those who lost their lives during the Marikana unrest in August 2012, bereaved families and community representative Joel Lehopa said there has been “no real healing” because no one has taken responsibility or has been held to account over the deaths that... →
Pensana reiterates value of establishing a low-carbon magnet metal rare earth supply chain
By: Darren Parker 18th August 2022 UK rare earths mining company Pensana chairperson Paul Atherley says the company is pleased to be helping the UK lead the way in establishing a sustainable and independent magnet metal supply chain, at a time when sustainability and supply chain resilience are high on the global agenda. The... →
Exxaro partnering Enertrag to support just energy transition
By: Martin Creamer 18th August 2022 Coal and renewable energy company Exxaro has built a renewable energy business that is said to be well positioned to contribute significantly to addressing South Africa's electricity deficit. Emphasised by the JSE-listed company is that South Africa's economic growth and social progress depends... →
Namibian green hydrogen developer expects implementation agreement on $10bn project by year-end
By: Terence Creamer 18th August 2022 Green hydrogen development company Hyphen Hydrogen Energy (Hyphen) is optimistic that the implementation agreement for a planned $10-billion project will be signed with the Namibian government by year-end. The signing of the implementation agreement will trigger the commencement of the front-end... →
Copper rises on hopes for improved Chinese demand
By: Reuters 18th August 2022 Copper prices rose on Thursday for the first time in a week as hopes for solid demand in China offset fears about the pace of interest rate rises and slowing economic growth. Global stock markets fell after US and European central bank officials said inflation pressures were not easing,... →
Exxaro eyeing green hydrogen, new CEO tells Mining Weekly
By: Martin Creamer 18th August 2022 Diversified minerals and energy company Exxaro is eyeing green hydrogen, new Exxaro CEO Dr Nombasa Tsengwa disclosed on Thursday when the JSE-listed company reported 147%-higher half-year group earnings before interest, taxes, depreciation and amortisation (Ebitda) of R10 603-million on mainly... →
Five vital commodity industries are buckling under energy crisis
By: Bloomberg 18th August 2022 The energy crisis is getting worse, piling pressure on commodities industries that provide the building blocks of the global economy. Energy-intensive sectors such as steel, fertilizers and aluminum – the most widely used base metal – are being forced to close factories or pass on soaring costs.... →
Gold Fields announces changes to its board committees
By: Darren Parker 18th August 2022 JSE-listed Gold Fields has announced changes to the allocation of nonexecutive directors to various board committees. Maria Cristina Bitar has been appointed as a member of the audit; risk; social, ethics and transformation; and safety, health and sustainable development committees. →
Canada Nickel confirms ‘sizeable’ nickel discovery
By: Creamer Media Reporter 18th August 2022 TSX-V-listed Canada Nickel has announced assay results from its Deloro property, confirming a second significant discovery from its newly acquired properties. CEO Mark Selby says Deloro now joins the Reid project as another significant, sizeable nickel discovery. “We look forward to continued... →
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