R/€ = 16.96 Change: 0.01
R/$ = 16.52 Change: 0.00
Au 1771.02 $/oz Change: -34.19
Pt 868.00 $/oz Change: -8.90

Africa News

Goldplat awarded water-use licence for new tailings facility

By: Marleny Arnoldi     17th June 2022 Aim-listed gold recovery company Goldplat has been granted a new 12-year water use licence (WUL) for its operations in South Africa. The new WUL includes stipulations on the abstraction and use of water in Goldplat’s recovery processes, as well as the impact of its new tailings storage facility... 

Glencore interim trading profit seen beating full-year guidance at $3.2bn 

By: Marleny Arnoldi     17th June 2022 Diversified miner and commodities trader Glencore said on Friday that its marketing division’s interim earnings before interest and taxes (EBIT) would exceed $3.2-billion, which is the top end of its full-year guidance. The company’s full-year adjusted EBIT guidance range was between... 

Glencore interim trading profit seen beating full-year guidance at $3.2bn

Global Atomic receives LoI from North America for Dasa uranium

By: Mariaan Webb     17th June 2022 Canada’s Global Atomic has received a letter of intent (LoI) for the procurement of 2.1-million pounds of uranium oxide (U3O8) from the Dasa mine, in Niger, with a revenue potential of $110-million. The LoI was received from a “major North American utility”. 

High Court dismisses challenge against Maseve sale  

By: Tasneem Bulbulia     17th June 2022 The High Court of South Africa has dismissed a challenge brought by Africa Wide Mineral Prospecting and Exploration (Africa Wide) against Platinum Group Metals (PTM) and Royal Bafokeng Platinum (RBPlat) over their 2018 Maseve transaction. PTM announced in 2017 that it would sell the concentrator... 

An image of the Maseve concentrator
The Maseve concentrator

Expanded scoping study confirms credentials of Malawi rutile/graphite project

By: Tasneem Bulbulia     17th June 2022 Aim-listed Sovereign Metals’ expanded scoping study for Kasiya, in Malawi, has confirmed that the project will be one of the world’s biggest and lowest cost producers of natural rutile and natural graphite with a carbon-footprint substantially lower than current alternatives, the company reports.... 

Battery metals and green hydrogen make headlines   

17th June 2022 This week, Mining Weekly Editor Martin Creamer unpacks the new age battery metals potential in Namibia; the new green hydrogen partnership between Prieska Power Reserve and the IDC; and Volvo Construction Equipment’s first fuel-cell articulated hauler prototype.   

Photo of Martin Creamer
Battery metals and green hydrogen make headlines

Shanta awarded mining licence for another Lupa Gold Fields prospect

By: Marleny Arnoldi     17th June 2022 Aim-listed Shanta Gold has been awarded a mining licence for the Porcupine South area within the Lupa Gold Fields of Tanzania. The orebody, which the company discovered in 2020, is located 22 km from its New Luika processing plant. The mining licence, including extendable periods, spans 30 years. 

Eskom has 32 GW of grid capacity, but not where most renewables investors want it 

By: Terence Creamer     17th June 2022 Eskom acknowledges that transmission constraints remain an obstacle to the introduction of new renewables generation, but the utility also highlights that 32 GW of grid capacity is immediately available to those independent power producers (IPPs) willing to build projects outside of the country’s... 

Eskom power lines
Photo by Creamer Media
Eskom power lines

Syrah lifts precautionary measures in Moz

By: Esmarie Iannucci     17th June 2022 ASX-listed Syrah Resources on Friday said that temporary logistical suspensions and suspensions to personnel movements on its primary transport route in Mozambique had been lifted. The company last week implemented a number of measures following an insurgent attack at the nearby Ancuabe graphite... 

Nature’s Vault offers investors a ‘green’ gold option

By: Schalk Burger     17th June 2022 About 3 000 t of gold are mined each year, of which 50% goes directly into bank vaults. Environmental, social and governance finance company Nature's Vault aims to keep gold in the ground, thereby avoiding the carbon emissions and environmental impact of mining, while providing investors with... 

Nature's Vault CEO Phil Rickard
Nature's Vault CEO Phil Rickard

Beheadings show Islamist peril persists for Total in Mozambique

By: Bloomberg     16th June 2022 A fresh wave of attacks by an Islamic State affiliate in northern Mozambique has prompted the evacuation of the nation’s biggest solar power plant and threatens to further delay TotalEnergies' $20-billion liquefied natural gas project. Forces from Rwanda and a southern African regional bloc have... 

Beheadings show Islamist peril persists for Total in Mozambique

Gold’s floor price is getting higher, Newmont's Palmer says

By: Bloomberg     16th June 2022 st gold producer isn’t about to join bullion bugs in predicting a price rally. But Tom Palmer does see a higher floor forming under the market as years of stimulus devolve into a fight to contain inflation. As global markets wilt on fears of stagflation, gold has stayed relatively resilient... 

An image of Newmont CEO Tom Palmer speaking at the Prospectors & Developers Association of Canada conference in Toronto, Canada, this week.
Newmont CEO Tom Palmer speaking at the Prospectors & Developers Association of Canada conference in Toronto, Canada, this week.

Top producer Russia thwarts move to redefine 'conflict diamonds'

By: Reuters     16th June 2022 Russia has torpedoed a Western-backed proposal to discuss whether its diamonds are funding war ahead of an international conflict diamond meeting in Botswana, letters seen by Reuters show. The rift in the Kimberley Process (KP), which certifies rough diamond exports, risks paralyzing the body... 

Top producer Russia thwarts move to redefine 'conflict diamonds'

Cobre makes a move on Metal Tiger's Kalahari exploration vehicle

By: Esmarie Iannucci     16th June 2022 ASX-listed Cobre has struck a share purchase deed with fellow-listed Metal Tiger to acquire take full ownership of the Kalahari Metals (KML) exploration vehicle. Cobre holds a 51% stake inKML, which controls some 8 595 km2 of tenements within the Kalahari copper belt, in Botswana.The tenement... 

Alphamin unaffected by Bunagana border post closure

By: Donna Slater     15th June 2022 Tin concentrate producer Alphamin Resources reports that its operations in the Democratic Republic of Congo have not been impacted on by the recent closure of the Bunagana border post with Uganda. The Bunagana border post, located 60 km north-east of North Kivu province’s capital Goma, has been... 

ICMM doubles down on tangible sustainability efforts

By: Marleny Arnoldi     15th June 2022 The International Council on Mining and Metals (ICMM) has published an ambitious new strategy for the next three years, which doubles down on the organisation’s spirit of partnership and collaboration. The ‘Strategy and Action Plan 2022 – 2024’ aims to make breakthrough progress on four key... 

ICMM president and CEO Rohitesh Dhawan.
ICMM president and CEO Rohitesh Dhawan.

Zambia's ZCCM-IH hires Rothschild & Co for Mopani Copper Mines restructuring

By: Reuters     15th June 2022 Zambian mining investment firm ZCCM-IH has hired investment bank Rothschild & Co for a strategic review of Mopani Copper Mines "to ensure its sustainability and continued development", the state-owned company said on Wednesday. In April, ZCCM-IH said it was seeking a financial adviser to... 

Oriole reports positive drilling results at Bibemi in Cameroon

By: Tasneem Bulbulia     15th June 2022 Aim-listed Oriole Resources has provided an exploration update on its 90%-owned Bibemi gold project in Cameroon, with the first two holes of the ongoing Phase 4 diamond drilling programme confirming the existence of mineralised sub-horizontal quartz veins between the previously defined... 

PwC suggests miners use 2021 gains to prepare for critical minerals future

By: Marleny Arnoldi     15th June 2022 Although the world’s top 40 mining companies demonstrated stellar financial results in 2021, it is unclear how long this record run can continue, since the industry is experiencing unprecedented change, says PwC. The enterprise services and advisory company finds in its ‘Mine 2022’ report that... 

PwC energy, utilities and resources leader Andries Rossouw
PwC energy, utilities and resources leader Andries Rossouw

ESG provides profitable returns from smart capital allocation – analyst

By: Martin Creamer     15th June 2022 Environmental, social and governance (ESG) frameworks not only help businesses and the communities in which they operate but can also generate positive returns as mining companies reduce operating expenses and receive favourable investor interest and cheaper finance. When it comes to ESG, the... 

Picture supplied.
Nedbank mining equity analyst Arnold van Graan.

Europe imports more South African coal as Russian ban looms

By: Reuters     15th June 2022 European countries, scrambling to secure alternatives to Russian coal, imported 40% more coal from South Africa's main export hub in the first five months of this year than over the whole of 2021, figures obtained by Reuters showed on Wednesday. South Africa's Richards Bay Coal Terminal (RBCT)... 

Europe imports more South African coal as Russian ban looms

Melco rolls from strength to strength thanks to bulk unit handling capabilities

By: Simone Liedtke     15th June 2022 Goods conveying is a critical aspect of production, packaging and distribution of numerous large consumer products and industrial components, says conveyor equipment manufacturer Melco Conveyor Equipment. Part of the Rulmeca Group, Melco supplies rollers, idlers, pulleys and motorised pulleys for... 

Pic of Melco's Germiston-based manufacturing facility
Melco's Germiston-based manufacturing facility

Southern Palladium progressing Bengwenyama project

By: Tasneem Bulbulia     15th June 2022 JSE- and ASX-listed Southern Palladium will be undertaking a near-term exploration programme at its 70%-owned Bengwenyama palladium/rhodium-dominated platinum group metals (PGM) project, on the Eastern limb of the Bushveld Complex, in South Africa, following a successful capital raise and... 

Arc Minerals starts two-part exploration programme in Botswana

By: Marleny Arnoldi     15th June 2022 London-listed Arc Minerals has started a maiden exploration programme at the prospective Virgo copper/gold project, in Botswana. The first step of the programme involves soil geochemistry surveying, which will be followed by drilling.  

Court calls for Vimy meeting on Deep Yellow deal

By: Esmarie Iannucci     15th June 2022 The Supreme Court of Western Australia has called on ASX-listed Vimy Resources to call a shareholder meeting to vote on the proposed A$658-million merger agreement with fellow-listed Deep Yellow. The two companies in April announced the merger agreement under which Deep Yellow would acquire all... 

Base restarts operations at Kwale

By: Esmarie Iannucci     15th June 2022 Mineral sands miner Base Resources has resumed operations at its Kwale operations, in Kenya. The company earlier this month reported that heavy rainstorms had caused flash flooding in the area, which had overwhelmed the project’s dewatering system. 

Resources Watch  

15th June 2022 This week: Circular economy prompting steel, oil, carbon recovery from end-of-life mine truck tyres; Increased efficiency cuts carbon, advances net-zero path, research finds; and, JSE recounts rousing tent-to-tech journey as Southern Palladium turns listing tide 

Resources Watch image
Resources Watch

Harmony secures govt approvals for Kareerand expansion project

By: Marleny Arnoldi     14th June 2022 Gold miner Harmony Gold Mining Company has obtained key regulatory approvals for its Kareerand expansion project, enabling it to continue with the retreatment of surface deposits at Mine Waste Solutions (MWS). Harmony acquired the MWS reclamation operation, near Stilfontein, in North West, in... 

Hummingbird confirms positive metrics in Dugbe feasibility study

By: Marleny Arnoldi     14th June 2022 Aim-listed Hummingbird Resources has confirmed strong financial metrics for the Dugbe gold project, in Liberia, in a feasibility study released by project partner TSX-V-listed Pasofino Gold on June 13. The study estimates a net present value after tax of $530-million and a 23.6% internal rate... 

Dugbe project n progress
Dugbe project n progress

Climate Commission sets sights on energy mix as it wraps up work on just transition framework 

By: Terence Creamer     14th June 2022 The Presidential Climate Commission (PCC) is initiating a process of research and consultation on South Africa’s future energy mix, which it aims to present to Cabinet before the end of 2022. Speaking at a conference hosted by the RES4Africa Foundation in Johannesburg, executive director Dr... 

PCC executive director Dr Crispian Olver
PCC executive director Dr Crispian Olver

Namibia has potential to become new age battery metals Pilbara – AfriTin 

By: Martin Creamer     14th June 2022 Namibia has the potential to become the Pilbara of new age battery metals. That is the view of AfriTin CEO Anthony Viljoen, who spoke to Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.) 

Picture supplied.
AfriTin CEO Anthony Viljoen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Black Chrome Mine placed under business rescue

By: Marleny Arnoldi     14th June 2022 The board of Black Chrome Mine (BCM), based in Limpopo, has resolved to place the mine under business rescue, voluntarily, to best ensure the long-term survival of the mine. BCM, a subsidiary of JSE-listed Chrometco, confirmed the operation’s financially distressed state, noting that it is not... 

AZ-Armaturen continues to engineer fast, dynamic solutions to customer specification

By: Simone Liedtke     14th June 2022 During the 50 years that industrial equipment supplier AZ-Armaturen has been in existence, it has continuously developed its portfolio to meet the increasing demands of globally active customers. “The tradition of being a partner and meeting the highest demands of our customers is inextricably... 

Pic of  some of AZ-Armaturen's industrial equipment
Pictured is some of AZ-Armaturen's industrial equipment that's available to customers

Treasury gazettes new VAT regulations for valuable metal vendors

By: Darren Parker     14th June 2022 The National Treasury this week gazetted the Regulations on Domestic Reverse Charge Relating to Valuable Metal, which is meant to serve as an anti-abuse measure aimed at foreclosing schemes and malpractices to claim undue value-added tax (VAT) refunds from the South African Revenue Service (Sars)... 

Glencore gets rich on coal, but questions persist over exit plan

By: Bloomberg     14th June 2022 Glencore is getting rich on coal. The company is on course for another year of bumper profits, its shares just hit a record high — a feat that looked unlikely for most of the last decade — and investors are set for a windfall of returns. But some of them are now asking exactly how it’s all going... 

Prieska Power Reserve partners IDC to further South Africa’s green hydrogen ambitions

By: Martin Creamer     14th June 2022 Emerging green hydrogen company Prieska Power Reserve on Tuesday announced a partnership with the State-owned Industrial Development Corporation (IDC) to advance a green hydrogen project in Prieska, in South Africa’s Northern Cape province. The Prieska Power Reserve Project is described on the... 

Picture supplied.
Prieska Power Reserve director Meta Mhlarhi.

Ghana seeks strategic partner to upgrade VALCO aluminium smelter

By: Reuters     14th June 2022 Ghana is on a roadshow to find a strategic partner to "revamp" state-owned Volta Aluminum Company's (VALCO) aluminium smelter, Ghana Lands and Natural Resources minister Samuel Jinapor said on Monday at the Africa CEO Forum conference in Abidjan. Jinapor said Ghana, which has ample reserves of... 

Guinea bauxite miner CBG backs alumina refining push

By: Reuters     14th June 2022 Guinea will have alumina refineries in the coming years, but these projects are capital-intensive and complex, Guinea's second-biggest bauxite miner said on Monday, after a new ultimatum from the government keen to boost mineral processing. Bauxite mining companies have ten days to present a... 

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