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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... 

Exxaro CEO Dr Nombasa Tsengwa interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

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... 

Artist impression of the Hyphen green-hydrogen facility planned for Namibia
Artist impression of the Hyphen green-hydrogen facility planned for Namibia

Sibanye, Heraeus partner to bring green hydrogen electrocatalysts to the market  

By: Darren Parker     18th August 2022 Diversified miner Sibanye-Stillwater and precious metals refiner Heraeus Precious Metals have agreed to collaborate on the research and development of novel electrolyser catalysts containing platinum group metals (PGMs). These electrocatalysts will be high activity and possess the necessary... 

Sibanye CEO Neal Froneman
Photo by Creamer Media
Sibanye CEO Neal Froneman

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... 

Exxaro's results covered by Mining Weekly's Martin Creamer. Video: Nicholas Boyd,

Exxaro's half-year earnings soar 147% to R10bn

By: Martin Creamer     18th August 2022 Diversified resources group Exxaro on Thursday reported increased half-year revenue, earnings and sufficient cash flow to fund capital expenditure and dividends. Group earnings before interest tax depreciation and amortisation (Ebitda) increased by 147% to R10 603-million on mainly the 142%... 

A photo of Exxaro's Grootegeluk mine
Photo by Creamer Media's Donna Slater
Exxaro's Grootegeluk mine

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... 

striking workers at marikana

Thungela, Transnet conclude deed of amendment to long-term rail agreement

By: Creamer Media Reporter      18th August 2022 Coal miner Thungela Resources and State-owned Transnet have agreed to amendments to an earlier long-term coal transportation agreement. This follows after Transnet, through its Transnet Freight Rail (TFR) subsidiary, in April informed coal export parties (CEPs), including Thungela, that a number... 

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... 

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. 

Traders stare at losses as gold coins boost Zimbabwe dollar

By: Bloomberg     18th August 2022 Not everyone is happy about the Zimbabwean dollar’s gains. Black market traders have been left reeling as measures taken by authorities, including new gold coins, to support the embattled local currency dry up excess liquidity and erode arbitrage opportunities. 

Gold seen rising above $2 000/oz on inflation, mining veteran says

By: Bloomberg     18th August 2022 Gold could rally above $2 000/oz next year as inflation remains elevated, underpinning support for the metal often viewed as a traditional hedge against price pressures, an industry veteran said. Given the latest Federal Reserve minutes signal hikes could be deferred or smaller, that indicates... 

An image of Evolution CEO Jake Klein
Evolution CEO Jake Klein

Magazine round up | 19 August 2022 

Updated 2 hours 50 minutes ago A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 19 August 2022

Endeavour Silver chairperson Bradford Cooke dies

By: Mariaan Webb     Updated 4 hours ago 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. 

Bradford Cooke has passed away at the age of 67
Bradford Cooke has passed away at the age of 67

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,... 

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.... 

An image of the Budel zinc refining facility
Nyrstar has announced it will halt the giant Budel zinc facility in the Netherlands.

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... 

Resources Watch 

18th August 2022 This week: Barrick’s Mali trebling solar as renewables stave off high energy prices at Kibali; Royal Bafokeng looking to R1.6bn off-balance-sheet spend on 98 MW solar plant; and, Environmental, social and governance elevating to safety-equalling status 

Resources Watch

Australian firm prepares to build Brazil's first southern phosphate mine

By: Reuters     18th August 2022 The Brazilian arm of Australia's Aguia Resources hopes to complete building the first phosphate mine in Southern Brazil by late 2023, Aguia Fertilizantes CEO Fernando Tallarico told Reuters on Wednesday. The company expects to get the installation license required to start work around October,... 

Australia's NRW Holdings says MACA rebuffs $260m buyout offer

By: Reuters     18th August 2022 Australian mining services provider NRW Holdings on Thursday said smaller peer MACA rebuffed its takeover offer as it plans to proceed with a proposal from rival contractor Thiess. Last week, NRW Holdings made a cash-and-stock offer of A$1.085 per share, a premium of 8.5% to MACA's last close on... 

Flanagan Bore proves up for Black Canyon

By: Esmarie Iannucci     18th August 2022 A scoping study into the Flanagan Bore manganese project, in Western Australia, has confirmed that the project could produce at an average rate of 1.8-million tonnes a year over a 20-year mine life. ASX-listed Black Canyon on Thursday said that the project would likely require a capital... 

ChemX to build HPA plant

By: Esmarie Iannucci     18th August 2022 ASX-listed ChemX Materials on Thursday announced plans to build a A$2.9-million high purity alumina (HPA) pilot plant in Western Australia, after a prefeasibility study (PFS) confirmed the viability of the company’s proprietary HiPurA technology. The PFS was based on a 50 t/y pilot plant, and... 

Chile's SQM reports near ten-fold jump in Q2 net profit

By: Reuters     18th August 2022 Chile's SQM, one of the world's top lithium miners, reported an almost ten-fold jump in second-quarter net profit late on Wednesday, as demand for the metal used to manufacture electric-vehicle (EV) batteries skyrocketed. The miner's net profit was $859.3-million for the quarter, up from... 

Zijin Colombia mine search uncovers no bodies, local officials

By: Reuters     18th August 2022 No bodies belonging to informal miners who were reportedly trapped in a tunnel on Zijin Mining's Colombia concession have been handed over to a rescue team, the government of Antioquia province said on Wednesday. Road blocks were set up by the community around the mine in Buritica municipality... 

Codelco will resume construction in 'coming days' after fatal accidents

By: Reuters     18th August 2022 Chilean State-owned Codelco, the world's largest copper producer, expects to resume construction of mining projects in the coming days after two fatal accidents paused work last month, the chairman of the board said on Wednesday. "We are going to take all the time that is necessary so that all... 

Whitehaven laments coal royalty hike in Qld

By: Esmarie Iannucci     18th August 2022 Coal miner Whitehaven Coal has joined the chorus of discontent around the Queensland government’s decision to increase coal royalties in the state. Whitehaven this week said that the company did not support the changes to the royalty rates, saying it undermined Queensland’s reputation as an... 

St Barbara's timelines in Canada remain safe

By: Esmarie Iannucci     18th August 2022 Gold miner St Barbara on Thursday said that concerns about the potential delay to its Atlantic operations have been removed with the company’s application to the Impact Assessment Agency of Canada (IAAC) for both Beaver Dam and Fifteen Mile Stream to remain under the Federal Canadian... 

St Barbara's timelines in Canada remain safe

Qld calls for comments on H2 Hub

By: Esmarie Iannucci     18th August 2022 The Queensland government has called for public comment on the H2-Hub Gladstone proposal to develop a A$4.7-billion green hydrogen and green ammonia production and export facility at Yarwun, near Gladstone. Deputy Premier and Minister for State Development Steven Miles said the government was... 

Kin Mining raises cash for Cardinia growth

By: Esmarie Iannucci     18th August 2022 Gold developer Kin Mining will raise some A$20.4-million to underpin the next phase of growth at its Cardinia gold project, in Western Australia. The raising comprises a placement of approximately 129.9-million shares at $0.075 to raise an initial A$9.7-million and a proposed non-renounceable... 

Kalium Lakes sets A$30m raising target

By: Esmarie Iannucci     18th August 2022 Potash developer Kalium Lakes is hoping to raise A$22-million in a two tranche share placement and up to a further A$8-million in a share purchase plan (SPP) to fund the ramp-up of production at its Beyondie mine, in Western Australia. Kalium Lakes on Thursday said that it had received firm... 

Image shows stacked coins

Newcrest signs up for Oregon and Nevada earn-in options

By: Creamer Media Reporter      17th August 2022 Australian gold miner Newcrest has entered four separate option and earn-in agreements with CSE-listed Headwater Gold, pursuant to which the major would have an option to acquire up to a 75% interest in projects in Oregon and Nevada. Newcrest would earn its interest in the Mahogany project, in... 

Transnet seeks court order compelling CRRC to release spares for 120 idle locomotives 

By: Terence Creamer     17th August 2022 State-owned freight logistics group Transnet has launched a High Court application through which it is seeking an order compelling China Railway Rolling Stock Corporation (CRRC) E-Loco Supply to release spare parts and components required to return 120 locomotives to service. Transnet said in a... 

A Transnet Freight rail locomotive
Photo by Creamer Media
A Transnet Freight rail locomotive

Manitou to spin out nickel/cobalt/PGE commodities

By: Creamer Media Reporter      17th August 2022 The board of directors of Manitou Gold has approved the strategic reorganisation of its assets, with the proposed spin out of its nickel/cobalt/platinum group element (PGE) commodities from its Goudreau project, in northern Ontario, into a new subsidiary. The spin-out, to be named Western... 

Pensana appoints Alison Saxby as independent nonexecutive director

By: Tasneem Bulbulia     17th August 2022 London-listed Pensana has appointed Alison Saxby as independent nonexecutive director, with effect from August 17. Saxby is noted to be an industry leading expert with over 35 years of experience in industrial minerals and metals. 

Newcrest withdraws from Cornerstone option in Chile

By: Creamer Media Reporter      17th August 2022 Australian gold miner Newcrest Mining will wind down activities at the Miocene concessions in Chile, after notifying Cornerstone Capital Resources of its intention to withdraw from an option and farm-in agreement. The agreement targeted epithermal gold/silver and porphyry gold/copper deposits... 

Goldplat achieves strong fourth-quarter operational performance

By: Tasneem Bulbulia     17th August 2022 Aim-listed Goldplat’s two gold recovery operations, located in South Africa and Ghana, delivered another strong combined operating performance and achieved a combined operating profit for the quarter ended June 30 of almost £2-million, which represents an 83% increase compared with the quarter... 

Kazera receives second payment of $400 000 in lithium deal

By: Darren Parker     17th August 2022 Aim-listed investment company Kazera Global has received the second payment of $400 000 in accordance with the terms of a deal signed with Chinese company Hebei Xinjian Construction, as announced on July 20. Under the terms of the deal, Kazera will receive a $7.5-million investment from Hebei in... 

Newmont appoints Toth as chief strategy, sustainability officer

By: Mariaan Webb     17th August 2022 Leading gold company Newmont on Wednesday announced Peter Toth as chief strategy and sustainability officer. His appointment followed the retirement of  chief sustainability and external affairs officer Stephen Gottesfeld after 25 years of service to the company. Last year, Newmont announced... 

Gem Diamonds on track to meet full-year guidance despite challenges

By: Marleny Arnoldi     17th August 2022 London-listed Gem Diamonds recovered 55 157 ct of diamonds in the six months ended June 30, compared with the 56 504 ct recovered in the prior half-year period. Diamond sales of 57 075 ct were, however, higher than the 54 573 ct sold in the prior comparable period.  

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Magazine round up | 19 August 2022

Exxaro partnering Enertrag to support just energy transition

Royal Bafokeng Platinum, NWDoE partner to deliver two new schools in Rustenburg

Exxaro eyeing green hydrogen, new CEO tells Mining Weekly

Resources Watch

Thungela shares R500m with employees, community as it sets out to plant million trees, add solar power

Back in person: Virtual events no match for face-to-face connections - Electra Mining organisers

Seriti says R892m Windlab deal is ‘significant landmark’ in transition from coal to energy business

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