R/€ = 17.15 Change: -0.06
R/$ = 14.75 Change: -0.04
Au 1798.52 $/oz Change: -0.51
Pt 1049.20 $/oz Change: 2.97

Africa News

Eskom’s R178bn grid plan points to ‘scary’ step change in expansionary capex

By: Terence Creamer     Updated 16 minutes ago State-owned electricity utility Eskom has outlined a R178-billion grid investment plan for the coming ten years, which is premised on a dramatic acceleration of expansionary capital expenditure. The Transmission Development Plan (TDP) for the period 2022 to 2031 is largely geared towards... 

Botswana delivers first iron-ore exports to China

By: Reuters     Updated 1 hour 5 minutes ago Botswana's first iron-ore mine, Ikongwe, has started production and delivered its maiden exports to China, a company official told Reuters on Tuesday, as the Southern African country makes headway in efforts to diversify its economy away from diamonds. Although diamond mining's contribution to... 

Platinum's atypical alkaline electrolyser role lowering hydrogen cost outlook

By: Martin Creamer     Updated 3 hours ago Platinum group metals (PGMs) are lifting the performance of an alkaline electrolyser, which is helping to lower the cost outlook of green hydrogen. PGMs have been incorporated in the catalytic coatings of the electrodes of the prototype Advanced Alkaline Electrolyser (AAE) alkaline electrolyser... 

Creamer Media screenshot of Hydrox electrolyser.
Photo by Creamer Media
Hydrox’s PGM-using alkaline electrolyser.

Provisional liquidator of Zambia's KCM denies theft, money laundering

By: Reuters     Updated 3 hours ago The state-appointed provisional liquidator of Zambia's Konkola Copper Mines (KCM) on Tuesday appeared in court and denied charges of money laundering and the theft of 4.4-million Zambian kwacha ($257 450). Zambia's Drug Enforcement Commission, which also handles money-laundering cases, last month... 

Sibanye-Stillwater pushes ‘green’ metals strategy with $1bn nickel/copper buy

By: Mariaan Webb     Updated 5 hours ago Precious metals major Sibanye-Stillwater on Tuesday announced its fourth transaction in the battery metals sector, with the $1-billion acquisition of the Santa Rita nickel mine and the Serrote copper mine, in Brazil, from private-equity fund Appian Capital Advisory. Santa Rita is a big... 

An image of a copper mine plant
The plant at the Serrote copper mine.

Petra records good first-quarter revenue growth

By: Chanel de Bruyn     Updated 6 hours ago London-listed Petra Diamonds achieved good revenue growth of 48% year-on-year  to $114.9-million for the quarter ended September 30 – the first quarter of Petra's 2022 financial year. "The company has delivered a very strong revenue result due to the contribution of exceptional diamond sales,... 

A photo of Petra Diamonds' Finsch mine, in South Africa
The Finsch diamond mine

Akobo paves way for investors in Ethiopia to hold, repatriate foreign currency from offshore accounts

By: Simone Liedtke     25th October 2021 Norway-based gold explorer Akobo Minerals paves the way for a resurgent Ethiopian mining industry by clearing a major hurdle for investors to be granted the right to hold and repatriate foreign currency from offshore accounts. Last month, Akobo and the Ministry of Mines entered into an agreement... 

RBPlat produces 127 000 oz of PGMs in third quarter

By: Simone Liedtke     25th October 2021 Notwithstanding the ongoing impact of the Covid-19 pandemic, platinum group metals (PGMs) miner Royal Bafokeng Platinum (RBPlat) produced 127 000 oz of platinum, palladium, rhodium and gold (4E) for the quarter ended September 30. This progress was underpinned by an improved Styldrift... 

B2Gold sells Burkina Faso projects to West African

By: Creamer Media Reporter      25th October 2021 Canadian bullion miner B2Gold will sell its Kiaka project, in Burkina Faso, to Australia-listed West Africa Resources (WAF) for cash and shares, the company announced on Monday. B2Gold would sell 100% of Volta Resources, the holder of an 81% interest in the Kiaka gold project, for $450 000 in... 

Diesel and load-shedding feature in summer outlook as Eskom's maintenance recovery takes longer than envisaged  

By: Terence Creamer     25th October 2021 State-owned electricity utility Eskom says its reliability maintenance recovery (RMR) interventions have not yet succeeded in stabilising the performance of its unpredictable coal fleet and that more than year of ongoing maintenance is needed to address the poor performance of its generation... 

From left to right: Jan Oberholzer, Segomoco Scheppers, Phillip Dukashe and Monde Bala at the Eskom State of the System briefing. CEO Andre de Ruyter was not present as he was travelling to the COP26 climate talks
Eskom's Segomoco Scheppers, Jan Oberholzer and Phillip Dukashe on the outlook for the system this summer and the status of the reliability maintenance recovery programme. Camera Work: Kutlwano Matlala. Editing: Nicholas Boyd. 25.10.2021

Baita Plai production increase delayed

By: Mariaan Webb     25th October 2021 UK-headquartered Vast Resources has pushed back the start date of planned higher production volumes at its Baita Plai mechanised mine, in Romania, citing labour constraints, geotechnical challenges and supply chain issues. The company said that the fundamentals of the mechanised mine plan... 

Kefi ready to restart Tulu Kapi project after security incident

By: Simone Liedtke     25th October 2021 Gold and copper explorer and developer Kefi Gold and Copper has reached a positive resolution to the recent security situation at the company's Tulu Kapi gold project, in Ethiopia. The resolution follows security issues that arose during September, which led security authorities to request a... 

Botswana Diamonds to raise £550 000

By: Tasneem Bulbulia     25th October 2021 Aim-listed Botswana Diamonds has undertaken a company-arranged placing with existing and new investors to raise £550 000 through the issue of 55-million new ordinary shares at a placing price of 1p a share. The funds will be used for exploration activities during the current year in Botswana and... 

Weekly SA coal report

25th October 2021 Coal prices came down to earth in a sustained sell-off last week, as the market tried to find a level amidst falling global natgas prices and Chinese domestic coal prices. Demand destruction, price caps and forced shutdowns of some parts of Chinese industry have helped reign in runaway makets.... 

An image of a table containing the latest spot coal prices

Kore Potash advances optimisation study, financing for Kore project

By: Marleny Arnoldi     25th October 2021 London-listed Kore Potash says work on an optimisation study and financing arrangements for the Kola project, in Congo-Brazzaville, is progressing on schedule. The optimisation study remains on track for completion in the first quarter of next year, with an interim report on the study due... 

Gold hovers near key $1 800 level as softer dollar lifts appeal

By: Reuters     25th October 2021 Gold prices held firm on Monday near the key level of $1 800 as a drop in the US dollar bolstered bullion's safe-haven appeal, while investors cautiously eyed the next Federal Reserve meet for guidance on its monetary policy. Spot gold was up 0.6% at $1 803.06/oz, as of 08:58 GMT. US gold... 

An image of gold bars and coins.

AngloGold announces $307m take-up of notes offer

By: Marleny Arnoldi     25th October 2021 JSE-listed AngloGold Ashanti has announced a $307-million take-up of a total of $750-million notes the company put on offer earlier this month. The company announced on October 18 an offer to buy any and all of its outstanding 5.125% notes due in August 2022.  

DRDGold delivers good start to the 2022 financial year

By: Marleny Arnoldi     25th October 2021 JSE-listed surface miner DRDGold has noted a 7% quarter-on-quarter improvement in gold production to 46 587 oz for the three months ended September 30 – the first quarter of its 2022 financial year. The increase in output is mainly attributable to an 8% increase in yield to 0.195 g/t gold,... 

Canadian junior signs final agreements for Sudan gold mine

By: Mariaan Webb     25th October 2021 Canadian junior Orca Gold is ready to proceed with the formal construction of a large commercial gold mine at Block 14, in northern Sudan, having last week signed all remaining development agreements with the government. Company president and CEO Richard Clark in a statement on Friday described... 

An image of an aircraft landing at an airstrip in Sudan
The newly completed airstrip at Block 14 cuts travel time from Khartoum and increases safety protocols for the operation.

Sibanye-Stillwater in talks to buy Brazil nickel and copper assets 

By: Mariaan Webb     25th October 2021 Precious metals miner Sibanye-Stillwater is in talks to buy nickel and copper assets in Brazil, as it looks to step up supplies of raw materials that are key to the transition to low-carbon energy sources. The South Africa-based miner on Monday confirmed that it was in negotiations with... 

An image of the Santa Rita openpit
The Santa Rita operation, in Brazil

Eskom to jointly develop solar projects with Exxaro, Seriti  

By: Marleny Arnoldi     25th October 2021 Coal miners Exxaro and Seriti Resources are joining forces with State-owned power utility Eskom to jointly develop renewable energy projects. The landmark memorandum of understanding (MoU) signed between the parties on October 25 spells out the companies’ development plan to lower their carbon... 

Matla coal mine surrounds
Matla coal mine surrounds

Canada’s First Nations see green hydrogen as an indigenous reconciliation opportunity 

By: Martin Creamer     25th October 2021 Hydrogen systems are not only going to be green, clean and low emission but they are also going to be local – and Canada’s First Nations see them as an indigenous reconciliation opportunity. “They’re going to be local energy systems,” Change Energy principal Rymal Smith said in response to Fasken... 

Creamer Media screenshot during Fasken webinar
Photo by Creamer Media
Bimaadzwin CEO Isadore Day

Two employees die in incident at Harmony's Kusasalethu shaft

By: Simone Liedtke     22nd October 2021 The Association of Mineworkers and Construction Union (AMCU) says it is mourning the loss of two mineworkers at Harmony Gold’s Kusasalethu Shaft near Carletonville. There was a seismic event at 02:27 on October 21, which resulted in a fall of ground at 109 – 24 W2 panel and raise. The event... 

Exxaro fulfills yearly corporate sustainability initiative obligations

By: Simone Liedtke     22nd October 2021 South African coal and heavy minerals miner Exxaro Resources has fulfilled its yearly obligations as a signatory of the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative. Exxaro recently delivered its UNGC Communication on Progress (COP) document, which... 

Grosvenor Resources’ £5.6m investment in Ironveld pending shareholder approval

By: Simone Liedtke     22nd October 2021 Aim-listed iron-ore miner Ironveld is considering a proposed new major investment by natural resource company Grosvenor Resources, which will potentially invest £5.6-million in the company through a subscription for more than 561.5-million new ordinary shares. Grosvenor is a new South African... 

Merafe’s nine-month ferrochrome output up 64.6% y/y

By: Simone Liedtke     22nd October 2021 JSE-listed ferrochrome producer Merafe Resources’ attributable ferrochrome production from the Glencore-Merafe chrome venture for the third quarter ended September 30 was 77 000 t. Production for the nine months to September 30 increased by 64.6% year-on-year to 276 000 t. 

Caterpillar, Tractafric complete 7.5 MW battery storage solution for grid stability at Barrick's Kibali

By: Tasneem Bulbulia     22nd October 2021 Construction and equipment manufacturer Caterpillar and equipment distribution multinational Tractafric have installed 7.5 MW of battery energy storage capacity at gold miner Barrick Gold's Kibali mine, in the Democratic Republic of Congo (DRC). The Tractafric solution is operational and deploys... 

Metals rebound as world's energy crisis keeps roiling the market

By: Bloomberg     22nd October 2021 Base metals were mostly higher, paring a weekly slump, as the global energy crisis kept roiling the energy-intensive sector. The global energy shortage, fueled by record coal and gas costs, has forced metal output cuts from China to Europe, depleting inventories. Freeport-McMoRan, the world’s... 

Metals rebound as world's energy crisis keeps roiling the market

Hydrogen Society Roadmap to guide South Africa’s hydrogen rollout – Nzimande

By: Donna Slater     22nd October 2021 The Hydrogen Society Roadmap (HSRM), which was approved by Cabinet on September 14, provides a “clear indication” of how hydrogen and fuel cell technologies could be a “game changer” for the South African economy, Science and Innovation Minister Blade Nzimande noted during the Hydrogen Economy... 

Mine operators need to take hydrogen very seriously, law firm webinar hears 

By: Martin Creamer     22nd October 2021 Mine operators need to take hydrogen and fuel cells very seriously as a pathway to decarbonisation, a webinar hosted by law firm Fasken heard this week. “There’s no pathway to zero carbon that does not include hydrogen and fuel cells,” H2GO Canada CEO Bob Oliver stated emphatically in response to... 

Creamer Media screenshot
Photo by Creamer Media
From to left, clockwise, Dan Brock, Isadore Day, Al Davidson, Rymal Smith and Bob Oliver.

Minerals Council says collaboration is key to unlocking growth-supporting infrastructure

By: Nadine James     22nd October 2021 There have been positive developments since the introduction of the Economic Reconstruction and Recovery Plan in October last year, and while implementation has been delayed, continued engagement between Minerals Council South Africa and government, as well as the current commodities price... 

Image of Engineering News and Mining Weekly cover

Illegal miners in shootout with Hawks in North West: 6 killed, 8 injured and 87 arrested 

By: News24Wire      21st October 2021 Six illegal miners were killed, eight were injured, and 87 others arrested following a shootout with the Hawks on Wednesday. The members of the Special Task Force, assisted by the Hawks Organised Crime Unit, received a tip-off about illegal mining activities taking place in Orkney on Wednesday... 

Coal and iron pile up in South Africa on rail constraints

By: Bloomberg     21st October 2021 Kumba Iron Ore’s struggle in getting supplies to ports is further highlighting the constraints South Africa faces in exporting key commodities including coal. The continent’s top iron ore producer said its premium steelmaking material is being held up at mines in South Africa’s Northern Cape... 

How South Africa plans to secure backing for its ‘Just Transition Financing Facility’ at COP26 

By: Terence Creamer     21st October 2021 South Africa aims to meet with other governments and multilateral finance institutions on the sidelines of the upcoming COP26 gathering to progress talks on raising concessional funding, in phases, for a Cabinet-endorsed ‘Just Transition Financing Facility’ to fund green projects in the... 

Photo of a solar farm
Cabinet wants ‘Just Transition Financing Facility’ to fund green projects in the electricity, automotive and hydrogen sectors.

South Africa’s integrated energy policy ‘vacuum’ discouraging investment, report warns 

By: Terence Creamer     21st October 2021 The continued absence of a long-term vision for South Africa’s energy sector is creating a policy “vacuum” and undermining investment, the 2021 edition of the South African Energy Risk Report states. Published by the South African National Energy Association (Sanea), the report highlights that... 

Photo of power lines

Listing incentives, excessive backlogs and Jupiter Mines make headlines   

21st October 2021 Mining Weekly Editor Martin Creamer discusses the need for incentives for the listing of companies on the smaller end of the stock exchange; bringing in the private sector to clear excessive government backlogs; and Jupiter Mines's recent decisions relating to the board.   

Image of Martin Creamer
Listing incentives, excessive backlogs and Jupiter Mines make headlines

No zero carbon without green hydrogen, US pledging $1/kg coal-parity price 

By: Martin Creamer     21st October 2021 The world will be unable to meet its zero-carbon targets without the introduction of green hydrogen solutions, says Plug Power chief strategy officer Sanjay Shrestha, at a time when the US has launched a programme to cut the cost of clean hydrogen by 80%. Nasdaq-listed Plug Power, a pure play... 

Creamer Media Screenshot
Photo by Creamer Media
Plug Power chief strategy officer Sanjay Shrestha

Bushveld Minerals enters fourth quarter on solid footing

By: Simone Liedtke     21st October 2021 Aim-listed integrated primary vanadium producer Bushveld Minerals achieved a 19% quarter-on-quarter increase in production for the third quarter, which the company said was underpinned by operational stability at Vametco. Bushveld, which is also an energy storage solutions provider with ownership... 

Pic of Bushveld CEO Fortune Mojapelo
Photo by Creamer Media
Bushveld CEO Fortune Mojapelo
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