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Africa News

Ivanhoe speeds ahead with Kakula underground, plant development

By: Marleny Arnoldi     Updated 1 hour 2 minutes ago TSX-listed Ivanhoe Mines continues to progress ahead of schedule with underground development of the Kakula copper mine, in the Democratic Republic of Congo (DRC). The company, together with its joint venture (JV) partner Zijin Mining Group, has completed more than 17 km of underground... 

Osborn completes first equipment installation in CIS region

By: Marleny Arnoldi     Updated 1 hour 8 minutes ago Mining and quarrying equipment specialist Osborn has completed an export order to Kyrgyzstan, which extends its reach into the Commonwealth of Independent States (CIS) region. The equipment supplied by Osborn has been installed at the country’s second-largest gold mine, the Jerooy gold project.  

Power Metal raises £1m to accelerate exploration

By: Schalk Burger     Updated 1 hour 9 minutes ago Aim-listed metals exploration and development company Power Metal Resources has raised £1-million to accelerate exploration across its portfolio of projects and to commercialise select project interests. The funds raised will increase the available working capital (cash and listed financial... 

Cora records notable results in Mali, Senegal

By: Tasneem Bulbulia     Updated 1 hour 24 minutes ago West Africa-focused Cora Gold has recorded notable results from ongoing exploration programmes from its regional portfolio of permits in west Mali and Senegal. Results from exploration programmes continue to enhance the permits’ prospectivity and identify new drill targets, the company says. 

Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     Updated 1 hour 25 minutes ago Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Minerals Council regrets delay of 2018 Mining Charter review
Photo by Creamer Media
Minerals Council South Africa.

IDC agrees to restructure MC Mining loan facility

By: Marleny Arnoldi     Updated 1 hour 40 minutes ago Coal miner MC Mining has concluded a conditional loan restructuring agreement with the Industrial Development Corporation (IDC) of South Africa, which increased the IDC’s project level interest in the Makhado coal project to 6.7%. The company first secured a R240-million loan facility from the... 

Air Products and thyssenkrupp sign green hydrogen agreement

By: Schalk Burger     Updated 1 hour 53 minutes ago NYSE-listed industrial gases multinational Air Products and industrial technology multinational thyssenkrupp on July 5 announced that they had signed an exclusive strategic cooperation agreement to develop world-scale electrolysis plants to generate green hydrogen. The two companies will... 

Endeavour permitted to mine extended area around Houndé mine

By: Marleny Arnoldi     Updated 2 hours 21 minutes ago TSX-listed Endeavour Mining has been granted a mining permit extension by the Burkina Faso government, covering the full Kari Area at its Houndé gold mine. The Kari area hosts the Kari Gap, Kari South, Kari Pump, Kari Center and Kari West discoveries.  

Third-quarter ferrochrome benchmark price rolls over at $1.14/lb

By: Martin Creamer     Updated 2 hours 51 minutes ago The European benchmark ferrochrome price for the third quarter of 2020 has been settled at $1.14/lb, a rollover from the second quarter of 2020, JSE-listed Merafe Resources advised shareholders on Monday. This price remains an increase of 12.9% on the first-quarter price of $1.01/lb. 

Third-quarter ferrochrome benchmark price rolls over at $1.14/lb
Photo by Creamer Media
Lion ferrochrome.

Copper poised to maintain upward price trajectory, says ERG CEO

By: Simone Liedtke     Updated 3 hours ago Diversified miner Eurasian Resources Group (ERG) says the unprecedented levels of stimulus across the world are set to sustain the recovery in copper demand in the longer term, with the supply impact of the Covid-19 pandemic expected to extend beyond this year. Growth drivers include the digital... 

Australia's Prospect Resources picks adviser for sale of Zimbabwe lithium mine

By: Reuters     Updated 3 hours ago Australian-listed Prospect Resources said on Monday it had picked Renaissance Securities Capital as its exclusive financial advisor for the possible sale of shares in Zimbabwe's Arcadia Lithium mine to Russian energy firm Uranium One. Uranium One, a unit of Russia's state-owned nuclear energy... 

Weekly Coal Index Report

Updated 5 hours ago Physical coal markets can’t seem to catch a break. Even as paper prices strengthened slightly across the curve, the discount to physical deepened as lack of buyer activity persisted. The Rand is also stubbornly strengthening as a wave of “risk on” sentiment permeates global markets and the energy... 

Weekly Coal Index Report

La Mancha's $100m investment in Endeavour completed

By: Schalk Burger     6th July 2020 TSX-listed gold producer Endeavour has issued 4.51-million shares to La Mancha in exchange for $100-million. The transaction came about as La Mancha chose to exercise its antidilution rights following Endeavour's merger with fellow West Africa-focused miner Semafo. 

Displacement continuing at copper mine where openpit give way is imminent 

By: Martin Creamer     6th July 2020 Vertical and horizontal displacement is continuing at the Nchanga Open Pit Cut 2 in Chingola in Zambia, where geo-technical assessments point to an imminent collapse of a portion of the open pit – but the anticipated slough had not happened by late Sunday when Mining Weekly spoke by phone to... 

Displacement continuing at copper mine where openpit give way is imminent
Photo by Creamer Media
Konkola Copper Mines CEO Chris Sheppard.

Keep SMB's Congo coltan mine in supply chains, says mineral tracker

By: Reuters     5th July 2020 Insecurity around Société Minière de Bisunzu's (SMB) coltan mine in Democratic Republic of Congo could get worse if it is cut out of supply chains following a deadly grenade attack there, the company running the mine's mineral tracing scheme said. Up to three people were reported killed in the... 

Sasol gives up licence to seek offshore gas in Mozambique

By: Reuters     5th July 2020 South African petrochemicals giant Sasol has opted to give up its licence to explore for gas off the Mozambique coast, the company said on Sunday. "Sasol will return Block 16/19 in its entirety to the Government of Mozambique. To this end, a withdrawal notification has already been sent to the... 

Congo mines minister to meet with firms on confinement moratorium

By: Reuters     5th July 2020 Democratic Republic of Congo mines minister Willy Kitobo Samsoni plans to meet with mining companies to agree a moratorium on confining workers to mine sites due to the coronavirus. Civil society groups last month demanded an end to mandatory mine-site confinement policies put in place by copper... 

Epiroc aims to halve carbon dioxide emissions in operations as part of 2030 goals

By: Schalk Burger     3rd July 2020 Mining and infrastructure equipment multinational Epiroc this week released its 2030 sustainability goals, which include halving carbon dioxide emissions from operations, transport and major suppliers, as well as from customers’ use of Epiroc equipment. "These are challenging targets, but we will... 

Reliable connectivity essential for effective IoT

By: Schalk Burger     3rd July 2020 A global study conducted by satellite communications multinational Inmarsat found that only 15% of mining organisations consistently have access to reliable connectivity for their Internet of Things- (IoT-) enabled projects. Inmarsat’s research programme into IoT trends 'The Rise of IoT in... 

Sasol narrows immediate asset-disposal focus to ‘top ten’ list 

By: Terence Creamer     3rd July 2020 Chemicals and energy group Sasol has developed a list of ten major assets that will be prioritised for sale in the coming weeks and months as it moves to streamline the business into what is being termed ‘Sasol 2.0’, while also raising proceeds to help it reduce a $9.5-billion debt burden. In... 

Sasol narrows immediate asset-disposal focus to ‘top ten’ list
Photo by Creamer Media
Sasol CFO Paul Victor

Moon metals discovery aids development of lunar formation theories

By: Rebecca Campbell     3rd July 2020 Scientists using data from the US National Aeronautics and Space Administration’s (Nasa’s) Lunar Reconnaissance Orbiter (LRO) spacecraft have discovered evidence that the Moon might, underneath its surface, be richer in metals (such as iron and titanium) than had previously been believed. Nasa is... 

Moon metals discovery aids development of lunar formation theories

Reopening of economies boosting metals prices 

By: Marleny Arnoldi     3rd July 2020 Since lockdown measures have started to ease around the world to contain Covid-19, ratings and research agency Standard & Poor’s Global (S&P Global) says the reopening of economies, combined with monetary stimulus by banks and governments, has allowed industrial metal prices to rise. However,... 

Reopening of economies boosting metals prices

Vedanta's Zambia copper unit warns part of Nchanga openpit mine about to collapse 

By: Reuters     3rd July 2020 Zambia's Konkola Copper Mines (KCM), a unit of diversified miner Vedanta Resources, has closed part of its openpit mine as a portion of the pit is about to collapse, the chief executive officer said late on Thursday. KCM predicted that part of the Nchanga Open Pit in Chingola in Zambia's... 

Resgen extends sunset date for Boikarabelo funding agreement

By: Tasneem Bulbulia     3rd July 2020 Dual-listed Resource Generation (Resgen) has recorded changes to the common terms agreement for its mine funding package, in noted in its market update. On December 5, 2019, the company announced that, along with its majority owned subsidiary, Ledjadja Coal, it had executed principal binding... 

Northam increases Zambezi preference share holdings to 40.71%

By: Tasneem Bulbulia     3rd July 2020 JSE-listed Northam has acquired an additional 11.72-million Zambezi Platinum preference shares for R959.7-million. Northam will now hold more than 65-million Zambezi preference shares, representing about 40.71% of all Zambezi preference shares in issue. 

Get going with galvanizing: new book for engineers from IZA

By: Shannon de Ryhove     3rd July 2020 The International Zinc Association (IZA) will launch its new publication, The Essentials of Galvanizing, during a webinar hosted by Creamer Media Contract Publishing on July 15, 2020. The publication offers the civil engineering and construction industry valuable insights into the importance of... 

Get going with galvanizing: new book for engineers from IZA

Cost blow-outs and delays confirmed at Oyu Tolgoi

By: Esmarie Iannucci     3rd July 2020 Mining major Rio Tinto on Friday confirmed a cost blow-out of between $1.3-billion and $1.8-billion at the Oyu Tolgoi copper project, in Mongolia, compared with the original $5.3-billion capital estimates. Meanwhile, first sustainable production has been delayed by between 21 and 29 months... 

Cost blow-outs and delays confirmed at Oyu Tolgoi

Coltan supply from SMB mine in Congo unaffected by clashes – mines minister

By: Reuters     2nd July 2020 Activity at Societe Miniere de Bisunzu's (SMB) coltan mine in Congo's North Kivu province is continuing as normal and supply chains were not disrupted despite violent clashes last week, the region's mines minister said on Thursday. SMB has some of Africa's biggest deposits of coltan, an ore rich... 

Teck Namibia to potentially gain 26.9% interest in Deep-South

By: Tasneem Bulbulia     2nd July 2020 TSX-listed Deep-South Resources and Teck Namibia, a wholly owned subsidiary of Teck Resources, have agreed to amend the sale agreement of February 2017, whereby Deep-South acquired Teck’s interest in the Haib Copper project, in Namibia. The sale agreement stipulated that Deep-South make cash... 

Nersa’s Gumede calls for overhaul of ‘outdated’ electricity tariff methodology 

By: Terence Creamer     2nd July 2020 National Energy Regulator of South Africa (Nersa) fulltime member for electricity Nhlanhla Gumede has called for the regulatory methodology used to set electricity tariffs in South Africa to be overhauled, arguing that the multiyear price determination (MYPD) approach is not aligned with the... 

Nersa’s Gumede calls for overhaul of ‘outdated’ electricity tariff methodology
Nersa fulltime member for electricity Nhlanhla Gumede

Covid kills 13 mineworkers, no foreigners back at work  

By: Martin Creamer     2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mining will need long-term strategies to survive new normal 

By: Simone Liedtke     2nd July 2020 For the mining industry to be successful post-Covid-19, the industry will require long-term strategies to deal with its challenges, which includes the pandemic. In a webinar hosted by the London Bullion Market Association (LBMA) on July 2, investment management firm Orion Resource Partners... 

Mining will need long-term strategies to survive new normal

Armadale submits mining licence application for Mahenge

By: Marleny Arnoldi     2nd July 2020 Aim-listed Armadale Capital has submitted its mining licence application to the Tanzanian Department of Energy on Minerals for its wholly-owned Mahenge Liandu graphite project. This marks another significant step in the development of the project, says chairperson Nick Johansen.  

Nersa to provide concurrence on technology-specific determination this month 

By: Terence Creamer     2nd July 2020 The National Energy Regulator of South Africa indicated on Thursday that it intended providing concurrence this month for a Ministerial determination that would open the way for the procurement of new electricity generation capacity in line with allocations contained in the 2019 edition of the... 

Nersa to provide concurrence on technology-specific determination this month

Pandemic helps Russia tighten its grip on a key strategic metal

By: Bloomberg     2nd July 2020 As the coronavirus pandemic pummeled demand from key customers in the auto industry, Russia’s biggest mining company quietly tightened its grip on the palladium market. MMC Norilsk Nickel was already the No. 1 miner of the metal used in autocatalysts, but the crisis has allowed it to gain market... 

Pandemic helps Russia tighten its grip on a key strategic metal
A general view shows Russia's Arctic city of Norilsk. More than a quarter of the people living in and around the city work for Norilsk Nickel, which produces nickel and palladium.

PGMs, battery metals market potential, De Beers' R10m Covid-19 lab make headlines  

2nd July 2020 Mining Weekly Editor Martin Creamer unpacks platinum group metals being in a great position to benefit from the fast-growing global decarbonisation momentum, SA and the global battery metals market; and De Beer’s R10-million coronavirus testing lab.   

PGMs, battery metals market potential, De Beers' R10m Covid-19 lab make headlines
PGMs, battery metals market potential, De Beers' R10m Covid-19 lab make headlines

Hydrogen-powered aviation preparing for takeoff – study 

By: Martin Creamer     2nd July 2020 Hydrogen as an energy source will play a key role in transforming aviation into a zero-carbon/climate-neutral system over the next few decades, an independent study states in estimating that the first short-range hydrogen-powered demonstrator could be developed by 2028 if sufficient investments... 

Hydrogen-powered aviation preparing for takeoff – study
Strong steps being taken to clean up the skies by using hydrogen to power aircraft.

Pan African launches ADR programme in the US

By: Donna Slater     2nd July 2020 Midtier gold producer Pan African Resources has established a sponsored Level-1 American Depository Receipt (ADR) programme on the over-the-counter market in the US with the Bank of New York Mellon being the appointed depository. In doing so, Pan African joins a number of its peers that have... 

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