R/€ = 16.94 Change: 0.11
R/$ = 16.42 Change: -0.09
Au 1804.27 $/oz Change: -4.59
Pt 879.50 $/oz Change: -6.50

Africa News

Petra ends its financial year with strong sales in the latest tender

By: Creamer Media Reporter      30th June 2022 London-listed Petra Diamonds' sixth tender for the 2022 financial year earned it $93-million in revenue from the sale of 569 496 ct of diamonds. “The Tender 6 results conclude a strong year for Petra’s diamond sales both in terms of pricing and the demand we have seen. The significant interest... 

Merafe says third-quarter ferrochrome price 16.7% lower q/q

By: Creamer Media Reporter      30th June 2022 JSE-listed Merafe Resources has informed shareholders that the European benchmark ferrochrome price for the third quarter has been settled at $1.80/lb. That represents a 16.7% decrease from the price of $2.16/lb for the second quarter. 

Renergen strikes new gas blower named Gandalf, making progress on plant

By: Schalk Burger     30th June 2022 ASX- and JSE-listed natural gas and helium producer Renergen announced a new gas blower named Gandalf at its Virginia gas project, in South Africa’s Free State province, after gas was intersected at 480 m from surface with a flow rate of about 90 000 cubic feet a day. The target depth is 1 200 m,... 

Metals set for worst quarter since 2008 on global downturn angst

By: Bloomberg     30th June 2022 Base metals headed for the worst quarterly slump since the global financial crisis in 2008 as China’s economy recovered only gradually and fears of a world recession intensified. The London Metal Exchange Index has tumbled 23% since the end of March, although the decline has been magnified due... 

Metals set for worst quarter since 2008 on global downturn angst

Eskom to implement Stage 6 load-shedding on Thursday and Friday

By: Creamer Media Reporter      30th June 2022 Power utility Eskom on Thursday said it would again implement Stage 6 load-shedding, from 14:00 until midnight, as the unlawful strike by employees continues. Stage 4 load-shedding will be implemented from 00:00 to 05:00 on Friday. From 05:00 until 00:00 on Friday, load-shedding will be... 

Eskom infrastructure

Pan African study highlights Mogale Gold's fast payback, low costs, output uplift, ungeared return 

By: Martin Creamer     30th June 2022 Fast payback, low costs, big production uplift, long life, high ungeared return and a lot more is contained in the definitive feasibility study (DFS) on the Mogale Gold tailings storage facilities published by gold mining company Pan African on Thursday. The Mogale Gold tailings storage... 

Creamer Media photograph.
Photo by Creamer Media
Pan African CEO Cobus Loots.

Biggest African fund manager is key to platinum takeover battle

By: Bloomberg     30th June 2022 Impala Platinum Holdings said Africa’s biggest fund manager must make a decision over what to do with its Royal Bafokeng Platinum stake, which has become central to ending an eight-month takeover battle that is hindering the companies from making future plans. South Africa’s Public Investment... 

Ironveld shareholder asks board to remove chairperson, CEO as directors

By: Creamer Media Reporter      29th June 2022 Aim-listed Ironveld has informed shareholders that it has received a requisition notice from a significant shareholder, requesting the board of directors to arrange a general meeting and to consider the removal of chairperson Giles Clarke and CEO Martin Eales as directors of Ironveld. The... 

Nimba to list on the LSE towards the end of the year, BFS to follow

By: Marleny Arnoldi     29th June 2022 West Africa-focused miner Nimba Development Company (NDC) has started with a preliminary technical information exchange process with the government of Guinea, as part of the Nimba iron-ore mine’s development. Particularly, NDC has shared with the Guinean Ministry of Mines and Geology its... 

Hummingbird chairperson retires

By: Creamer Media Reporter      29th June 2022 Russell King has stepped down as chairperson of Hummingbird Resources. He had been chairperson since November 2014. 

Turmoil at Firefinch as MD walks, Morilla update expected

By: Mariaan Webb     29th June 2022 Australian company Firefinch’s shares were suspended on Wednesday, pending an announcement regarding the operational performance and production guidance at the Morila gold mine, in Mali. The company also announced that MD Michael Anderson had left his position “by mutual agreement” – a day after... 

Illegal mining brazenness a significant concern to legitimate industry 

By: Donna Slater     29th June 2022 Minerals Council South Africa legal deputy head Mxolisi Ngubane says that, although the prevalence of illegal mining is not new, the brazenness and evolving nature at which operations are taking place, is becoming increasingly concerning to the wider mining industry and especially to miners in... 

An image of a disused mine shaft in South Africa
Photo by Bloomberg
Feeble attempts to close disused mine shafts means illegal miners will have an easy avenue to gain access to underground tunnels and ore.

Critical minerals inspire global collaborative exploration efforts, finds PDAC panel

By: Marleny Arnoldi     29th June 2022 Governments around the world are using next-generation public geoscience to meet many of the same challenges and opportunities, including meeting increased demands for critical minerals, clean energy supply and disaster risk reduction. As such, many national and regional geological survey... 

Resources Watch  

29th June 2022 This week: Small diamond miners want big licence holders built in so they can grow sector together; Sustainability taking front seat at Harmony Gold; and, NSDV says Deeming could bring regulatory certainty to much-needed minerals investment 

Resources Watch image
Resources Watch

Botswana, De Beers extend sales agreement to June 2023

By: Creamer Media Reporter      29th June 2022 The Botswana government and diamond miner De Beers Group have extended their existing agreement for the sale of Debswana’s rough diamond production by 12 months until June 30, 2023. Following further positive progress towards a new agreement being made in the first half of this year, the two... 

Capital raise under way to progress copper/zinc mine in Northern Cape 

By: Martin Creamer     29th June 2022 An opportunity to subscribe for new shares in parcels starting from R20 000 to a maximum of R330 000 is being offered to eligible shareholders by Orion Minerals. The capital raise is being undertaken to fund the Sydney- and Johannesburg-listed Orion’s Prieska copper/zinc mine, as well as other... 

Creamer Media photograph.
Photo by Creamer Media
Orion Minerals CEO Errol Smart

'Terrifying': WWF chief hits out at plans to mine the deep sea

By: Reuters     29th June 2022  The World Wildlife Fund's chief warned on Tuesday that the potential impact of mining the deep sea could be "terrifying" and called for strict regulations to avoid yet another environmental disaster. There is growing interest in deep-sea mining but there is also pressure from some environmental... 

Implats, AMCU sign five-year wage deal

By: Marleny Arnoldi     28th June 2022 JSE-listed Impala Platinum Holdings (Implats) on June 28 signed a five-year wage agreement with the Association of Mineworkers and Construction Union (AMCU) for its operating subsidiaries Marula and Impala Rustenburg, effective July 1. The agreement is in line with current inflation of 6.5% and... 

Implats CEO Nico Muller and AMCU president Joseph Mathunjwa
Implats CEO Nico Muller and AMCU president Joseph Mathunjwa

Golden Rim to sell noncore Burkina Faso gold assets for $15.5m

By: Creamer Media Reporter      28th June 2022 ASX-listed Golden Rim Resources will sell its Kouri and Babonga gold projects, in Burkina Faso, to BAOR – a mining company based in the West African country – for $15.5-million, or about A$22.3-million. The funds are payable in four tranches, with the first $600 000 payment due within 15 business... 

South Africa in a position to export energy – Anglo American Platinum 

By: Martin Creamer     28th June 2022 South Africa is one of only four countries that has more renewable energy available to it than what it needs for itself, which places the country in a very strong position to be able to export energy, with hydrogen in the form of ammonia, hydrogen gas or liquid hydrogen among the best ways of... 

Anglo American Platinum CEO Natascha Viljoen.
Anglo American Platinum CEO Natascha Viljoen.

Bill Gates-led fund backs startup with cheaper way to move hydrogen

By: Bloomberg     28th June 2022 A hydrogen molecule is tiny. So tiny, in fact, that trying to store and transport it via existing tanks and pipes can end up causing cracks in steel. If hydrogen is to become a clean fuel of the future, urgent technological solutions are needed to keep it in place and move it at will. Enter... 

Anglo investing in expansion of organic waste upcycling company Sanergy

By: Schalk Burger     28th June 2022 Diversified mining multinational Anglo American is leading the latest investment round of organic waste upcycling business Sanergy, which has operations in Kenya. Sanergy's solutions are helping to transform how fast-growing cities in the developing world manage waste by upcycling it into... 

Mitochondria Energy to build a fuel cell manufacturing facility in the Vaal SEZ in 2023

By: Donna Slater     28th June 2022 Hydrogen fuel cell developer Mitochondria Energy is planning to build a hydrogen fuel cell manufacturing facility in the Vaal Special Economic Zone (SEZ) forming part of the wider Hydrogen Valley development concept, with sod turning to start in 2023. In 2018, Mitochondria entered into a... 

An image of hydrogen fuel cells
An artist's impression of five 50 kW Mitochondria Energy fuel cells in a 250 kW generator, and related equipment.

Jupiter’s manganese subsidiary delivers A$58m Ebitda in the first quarter

By: Marleny Arnoldi     28th June 2022 ASX-listed Jupiter Mines’ 49.9%-owned subsidiary Tshipi é Ntle Manganese Mining has reported production of 883 000 t from the Tshipi Borwa manganese mine, in South Africa’s Northern Cape province, for the first quarter of its 2023 financial year. The subsidiary reports that just shy of... 

China's Huayou faces clash with regulator over Zimbabwe lithium project

By: Reuters     28th June 2022 China's Zhejiang Huayou Cobalt faces regulatory pressure to produce battery-grade lithium in Zimbabwe within five years, official documents seen by Reuters show, something the miner has already said cannot be achieved. China's biggest cobalt refiner acquired the hard-rock Arcadia lithium mine... 

Vedanta urges Zambia to halt search for new KCM investor

By: Reuters     28th June 2022 Zambia should halt the search for a new investor in Konkola Copper Mines (KCM) until litigation with Vedanta Resources is settled, the Indian mining company said on Tuesday. Zambia's previous government put KCM in the hands of a liquidator in May 2019, triggering the ongoing legal dispute with... 

Kore brings Sepco on board for Kola project construction

By: Marleny Arnoldi     28th June 2022 Dual-listed Kore Potash has signed a heads of agreement (HoA) with Sepco Electric Power Construction Corporation to build the Kola potash project, in Congo-Brazzaville. Sepco is an engineering partner of the Summit Consortium, which, in turn, has a memorandum of understanding in place with Kore... 

Rainbow to patent innovative rare earth extraction method

By: Marleny Arnoldi     28th June 2022 London-listed Rainbow Rare Earths has completed a process flowsheet to efficiently extract rare earth elements from the phosphogypsum stacks at its Phalaborwa project, in South Africa. Rainbow developed the extraction process alongside US-based K-Technologies, following extensive test work by the... 

Two recently appointed Firefinch directors quit

By: Mariaan Webb     28th June 2022 Australia-based Firefinch on Tuesday announced that its two recently appointed nonexecutive directors had resigned. Liz Wall and Naomi Scott, whose appointments were announced at the end of May, had resigned with effect from Monday, the ASX-listed company said, without providing reasons for the... 

Gordhan says Eskom, unions reach wage agreement; hopes second day of Stage 6 load-shedding can be avoided 

By: Chanel de Bruyn     28th June 2022 Public Enterprises Minister Pravin Gordhan on Tuesday evening said he was hopeful that Eskom would be able to avoid implementing Stage 6 load-shedding for a second day on Wednesday, after the power utility and unions had reached a wage agreement earlier in the day. Eskom on Tuesday afternoon... 

Public Enterprises Minister Pravin Gordhan
Photo by Creamer Media's Donna Slater
Public Enterprises Minister Pravin Gordhan

Power trip: While Stage 4 drags on some unions want Pravin, but Eskom heads to CCMA

By: News24Wire      28th June 2022 While Eskom has put its plans in motion to end protests that have disrupted its operations and break the deadlock at its wage talks, unions in the negotiations are split on whether the impasse may need an intervention from Public Enterprises Minister Pravin Gordhan. Historically, an intervention... 

Public Enterprises Minister Pravin Gordhan
Photo by Bloomberg
Public Enterprises Minister Pravin Gordhan

Resource Mining Corp starts maiden drilling in Tanzania

By: Marleny Arnoldi     27th June 2022 ASX-listed exploration company Resource Mining Corporation has started a maiden drilling programme for 18 reverse circulation holes at the Kabulwanyele nickel project, in Tanzania. The 1 000 m drill programme is testing a 2 km strike anomaly that was identified from prior soil and rock sampling... 

Deep-South nears final hearing in Haib licence renewal case

By: Marleny Arnoldi     27th June 2022 TSX-V-listed Deep-South Resources has advised that the hearing held on June 23, in its matter against Namibia’s Ministry of Mines and Energy , resulted in the court ordering the parties to file their case management reports by June 27. The next case management hearing will be held on June 30.  

Cora welcomes lead investor's continued support

By: Creamer Media Reporter      27th June 2022 West Africa-focused gold company Cora Gold, which is developing its flagship Sanankoro project, in Mali, has confirmed that it has the continued support of lead investor Lionhead Capital Advisors. Cora and Lionhead in September 2021 entered into a $25-million mandate and term sheet to fund the... 

Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90%  

By: Martin Creamer     27th June 2022 Going forward, combined renewables plans already in place are poised to slash Scope 2 emissions at Exxaro Resources’s Grootegeluk coal mine in Limpopo by up to 90%. The renewable strategy being executed by coal miner Exxaro’s wholly owned green energy arm – Cennergi – is the key driver of the... 

Exxaro/Cennergi MD Energy Roland Tatnall
Exxaro/Cennergi MD energy Roland Tatnall interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer,

African Gold rebrands as Toubani

By: Creamer Media Reporter      27th June 2022 TSX-V-listed Africa Gold Group has changed its name to Toubani Resources to better reflect its strategic focus on the development of the Kobada project, in Mali, and its ambition to dual list on the ASX. Toubani reflects the name of a popular bird in the Malinke language, president and CEO Danny... 

Optimisation study slices half-a-billion dollars off Kola project’s capital cost  

By: Marleny Arnoldi     27th June 2022 Dual-listed Kore Potash has announced that the capital cost estimation for its Kola potash project, in Congo-Brazzaville, has decreased by $520-million to $1.8-billion, following the completion of an optimisation study on the project. Sepco Electric Power Construction Corporation undertook the... 

A photo of potash ore

Kefi refutes media reports that it lost its Tulu Kapi licence

By: Creamer Media Reporter      27th June 2022 Aim-listed Kefi Gold and Copper says media in Ethiopia have inaccurately reported that it had lost its Tulu Kapi licence. It notes that it has received a reminder of deadline letter from the Ethiopia Minister of Mines referring to a new deadline of June 30, by which it is required to demonstrate... 

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