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Cleveland-Cliffs to buy ArcelorMittal US assets in $1.4bn deal

By: Marleny Arnoldi     28th September 2020 NYSE-listed iron-ore and steel producer Cleveland-Cliffs on Monday announced a $1.4-billion deal with fellow-listed steel producer ArcelorMittal to acquire all its US operations and subsidiaries. Should the transaction close as planned during the last quarter of the year, it would make... 

Cleveland-Cliffs to buy ArcelorMittal US assets in $1.4bn deal
ArcelorMittal's Cleveland blast furnaces.

Green hydrogen economy growing rapidly – Hatch 

By: Martin Creamer     25th September 2020 At Glencore’s Raglan Mine, in Canada, a closed loop, microgrid system converts excess wind power to hydrogen, which is then stored in tanks. During periods of low wind power, a fuel cell produces electricity from the stored hydrogen, and within the facility are also innovations such as a battery... 

Green hydrogen economy growing rapidly – Hatch
Photo by Raglan Mine
Glencore's Raglan Mine in Canada.

Chapada suffers 'significant' damage to motors, guidance withdrawn

By: Mariaan Webb     28th September 2020 Canadian diversified miner Lundin Mining has withdrawn its 2020 guidance for the Chapada copper/gold mine, in Brazil, following a power outage that caused “significant” damage to the operation’s four SAG and ball mill motors. The operation suffered an outage on Saturday morning and when power... 

First Majestic considers next steps in Mexico tax dispute

By: Marleny Arnoldi     28th September 2020 Canadian miner First Majestic Silver said on Friday it was considering its legal plan of action going forward in an ongoing tax dispute with Mexico. The dispute with the Mexican tax authority relates to a 2012 advance pricing agreement (APA) that was granted to a subsidiary of the company,... 

Lundin reports fatality at Portugal mine

By: Mariaan Webb     28th September 2020 Operations at the Neves-Corvo mine, in Portugal, have been suspended, following the death of a longtime employee at the mine on Friday. The accident occurred in an active production heading that was undergoing scaling activities, diversified miner Lundin Mining reported on Monday. The... 

Pandemic bolsters US demand for precious metals

By: Tasneem Bulbulia     25th September 2020 The Covid-19 pandemic has acted as a catalyst for furthering investment in gold and silver in the US, with a new wave of investors who have never bought precious metals before now considering investing in such assets, Monex Precious Metals broker Albert Johnston III said during an LBMA-hosted... 

Diesel vehicle push could boost platinum demand, says WPIC 

By: Donna Slater     25th September 2020 A resurgence in encouraging vehicle buyers to buy diesel vehicles could result in a boost for platinum demand, says the World Platinum Investment Council (WPIC). In January 2021, the European Commission will measure the average fleet carbon dioxide (CO2) emissions of each European automotive... 

Manganese market fundamentals reaffirmed at Tesla Battery Day

By: Marleny Arnoldi     25th September 2020 TSX-V-listed Giyani Metals Corporation says it is encouraged by the endorsement of high-purity manganese as a critical component of cathode chemistries, as discussed during the Tesla Battery Day event on September 22. Tesla announced that the cathode chemistry for its intermediate range... 

Manganese market fundamentals reaffirmed at Tesla Battery Day
Photo by Creamer Media
Manganese ore

Pretivm CFO, exploration officer step down

By: Marleny Arnoldi     28th September 2020 TSX- and NYSE-listed Pretivm has announced that its finance VP Matthew Quinlan will take over as CFO, succeeding Tom Yip, who is stepping down from this role effective September 30. Yip will remain an executive VP of the company until October 30.  

Zambia's Maamba Collieries unveils state-of-the-art coal mining equipment

By: African News Agency      Updated 6 hours ago Zambian Mines and Minerals Development Minister Richard Musukwa this weekend officially inaugurated Maamba Collieries’ (MCL's) most recent acquisition, a state-of-the-art, high technology surface miner, the company said on Saturday.  MCL thus became the first mining firm in Zambia to operate this... 

South Africa has 22 operating manganese mines – AmaranthCX ­ 

By: Martin Creamer     Updated 6 hours ago South Africa has 22 operating manganese mines, with only four of them owned in part by Johannesburg Stock Exchange (JSE)-listed companies, AmaranthCX director Paul Miller has calculated. All are in the Northern Cape, except for four small mines well outside the Northern Cape in the North West,... 

South Africa has 22 operating manganese mines – AmaranthCX ­
Mamatwan manganese mine in South Africa's Northern Cape.

Rio Tinto changes tack, ready for talks over Bougainville mine

By: Reuters     Updated 7 hours ago Rio Tinto said on Tuesday that it was ready to talk to stakeholders over allegations of human rights breaches at a giant copper mine in Bougainville that it formerly owned, after community members filed a complaint with the Australian government. "We are ready to enter into discussions with the... 

Eskom tests market for Medupi flue gas desulphurisation solutions 

By: Terence Creamer     Updated 7 hours ago State-owned electricity utility Eskom has issued a no-obligation request for information (RFI) in a bid to gain insight into what flue gas desulphurisation (FGD) technologies are currently available and to assess their potential suitability for deployment at the Medupi power station, in Limpopo.... 

Eskom tests market for Medupi flue gas desulphurisation solutions

CAML fined €65 000 for tailings leakage

By: Mariaan Webb     Updated 7 hours ago North Macedonia has fined Central Asia Metals Limited (CAML) €65 000 for the environmental impact associated the recent leakage at the Sasa tailings storage facility (TSF4). The fine would be settled within the week, the Aim-listed company said on Monday. The total volume of leaked material... 

Warrego signs gas offtake agreement with Alcoa

By: Marleny Arnoldi     28th September 2020 ASX-listed Warrego Energy has signed a gas sales agreement with one of Western Australia’s leading gas buyers, Alcoa, for the long term supply of 155 PJ of natural gas from the West Erregulla gas field. The agreement will become effective from January 1, 2024.  

Piedmont signs lithium ore supply deal with Tesla, shares surge

By: Reuters     28th September 2020 Piedmont Lithium on Monday said it signed a five-year deal with Tesla to supply high-purity lithium ore mineral to the US electric carmaker, prompting an 83% surge in the Australian lithium miner's shares. The initial five-year agreement implies that Piedmont will supply about a third of its... 

China to phase out coal power around 2050

By: Bloomberg     28th September 2020 One of China’s top climate research institutes says the country will phase out coal power around 2050 on its path toward meeting President Xi Jinping’s new climate targets. Carbon emissions will peak sometime between 2025 and 2030, and total energy demand will start to decline around 2035,... 

Anglo Asian operations not affected by Armenia-Azerbaijan fighting

By: Mariaan Webb     28th September 2020 London-listed Anglo Asian said on Monday that it was monitoring the situation in Azerbaijan, where a decades-long standoff over the Nagorno-Karabakh region has escalated with fierce fighting reported between Armenian and Azerbaijani forces. The gold, copper and silver producer said its office in... 

Anglo Asian operations not affected by Armenia-Azerbaijan fighting
Anglo Asian's Gedabek mine

Friedland outlines potential of Australian battery materials project

By: Mariaan Webb     28th September 2020 Mining entrepreneur Robert Friedland said on Monday that dual-listed Clean TeQ would be patient with the development of the Sunrise battery material project, in New South Wales, and that it would seek to develop the project with partners that understood the value of a responsible supply chain.... 

Friedland outlines potential of Australian battery materials project
Robert Friedland

Togo govt change ‘won't impact’ Keras’ project progress

By: Simone Liedtke     28th September 2020 Aim-listed mineral resource company Keras Resources says it “looks forward” to continuing its work with the incoming Togo government, following the election in February this year. Togolese PM Komi Selom Klassou and his government have resigned and while this resignation was expected, it was... 

Tirupati declares plans to list on the LSE

By: Donna Slater     28th September 2020 Specialist graphite and graphene producer Tirupati Graphite has proposed to potentially undertake an initial public offering (IPO) and is expected to publish its registration document, which has been submitted to the UK Financial Conduct Authority (FCA) for approval. The company, which has... 

Lion One publishes updated economics for its Fiji gold project

By: Marleny Arnoldi     28th September 2020 TSX-V- and ASX-listed Lion One Metals has published an updated preliminary economic assessment (PEA) for the Tuvatu gold project, on the island of Viti Levu, in Fiji. The updated PEA states that project’s gold production capacity can be at an average rate of 78 000 oz/y, at 8.6 g/t gold over a... 

Resolute reaches accord with striking union in Mali

By: Marleny Arnoldi     28th September 2020 ASX-listed Resolute Mining’s subsidiary in Mali has managed to sign a conciliation agreement with a union representing workers at the company’s Syama gold mine in the country, which will prevent further strike action at the mine. Resolute’s subsidiary in the country, Société des Mines de Syama... 

Zambia chamber of mines says double taxation hurting investment

By: Reuters     28th September 2020 Zambia should treat mineral royalty payments as a deductible expense in order to avoid double taxation and attract investment, the Zambia Chamber of Mines said on Monday. Since 2019, mineral royalty payments have not been treated as a deductible expense when calculating corporate income tax and... 

Kenmare safely relocates WCP B plant to Pilivili

By: Tasneem Bulbulia     28th September 2020 Mineral sands producer Kenmare Resources has safely relocated the wet concentrator plant (WCP) B to Pilivili at its Moma titanium minerals mine, in northern Mozambique. Kenmare previously announced three development projects that together have the objective of increasing ilmenite production to... 

Angolan wealth fund invests further $8.6m in Pensana

By: Simone Liedtke     28th September 2020 Angolan sovereign wealth fund Fundo Soberano de Angola (FSDEA) has committed to a further $8.6-million equity investment in junior miner Pensana Rare Earths. The investment will be used to advance the Longonjo project, in Angola, as the first major rare earth mine to be developed in over a decade... 

IPP procurement a signal that growth-enhancing reform is moving ahead – Ramaphosa 

By: Terence Creamer     28th September 2020 President Cyril Ramaphosa says the Gazetting of a Ministerial determination enabling the development of more than 11 800 MW of new electricity capacity by independent power producers signals government’s intention to move ahead with one of the key reforms needed to unlock growth and investment in... 

IPP procurement a signal that growth-enhancing reform is moving ahead – Ramaphosa
Photo by Creamer Media
President Cyril Ramaphosa

Australia trims resources revenue outlook on weaker coal, LNG exports

By: Reuters     28th September 2020 Australia has pared its forecasts for mining and energy export revenue this year, as liquefied natural gas (LNG) and metallurgical coal earnings are forecast to be slightly weaker than earlier expected. Total earnings from mining and energy exports are forecast to fall 12% in the year to June... 

Rio Tinto smelter in focus as New Zealand's PM seeks extension

By: Reuters     28th September 2020 New Zealand Prime Minister Jacinda Ardern said on Monday that she will negotiate to extend the operations of Rio Tinto's aluminum smelter in the country by 3-5 years if she is returned to power in the October 17 election. New Zealand Aluminum Smelter's (NZAS) planned closure is a hot election... 

Rio Tinto smelter in focus as New Zealand's PM seeks extension
New Zealand PM Jacinda Ardern

Kropz makes second equity draw down

By: Donna Slater     25th September 2020 Phosphate explorer and developer Kropz has made its second quarterly drawdown request of $4-million under the equity facility with its major shareholder, the African Rainbow Capital (ARC) Fund. The second drawdown will be paid through the issuing of 50.96-million new ordinary shares at the issue... 

Critical Metals publishes prospectus ahead of LSE listing

By: Donna Slater     25th September 2020 Investment company Critical Metals, on September 24 published a prospectus which has been approved by the Financial Conduct Authority (FCA) relating to the admission of 30.3-million ordinary shares of £0.005 apiece to listing on the standard segment of the official list of the FCA and to trading... 

Precious metals set for worst week since March on rising dollar

By: Bloomberg     25th September 2020 Gold extended losses, capping a torrid week for precious metals, which are set for their biggest losses since the virus panicked markets in March. Bullion declined again on Friday as the US dollar rose, after touching the lowest since July a day earlier. The outlook for the global economic... 

DMRE confirms Eskom as buyer of renewable energy under REIPPPP Bid Window 5 

By: Marleny Arnoldi     25th September 2020 Mineral Resources and Energy Minister Gwede Mantashe on September 25 gazetted a Section 34 Determination to procure energy from independent power producers. This paves the way for Bid Window 5 of the Renewable Energy Independent Power Producer Procurement Programme.  

DMRE confirms Eskom as buyer of renewable energy under REIPPPP Bid Window 5

‘Emergency’ IPP power projects to be grid-connected by mid-2022 

By: Marleny Arnoldi     25th September 2020 The Department of Mineral Resources and Energy (DMRE) and the Independent Power Producer (IPP) Office has set the long-stop date for projects under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) to start commercial operation as the end of June 2022. The... 

‘Emergency’ IPP power projects to be grid-connected by mid-2022

Zambia to remove import duty on copper ore

By: Mariaan Webb     25th September 2020 Zambia will remove import duty on copper ores and concentrates to encourage local processing, Finance Minister Bwalya Ng’andu said in a Budget speech delivered in Parliament on Friday. Africa's second largest copper producer saw its export earnings from the metal in the first half of the year... 

Aboriginal group says Rio Tinto ignored pleas to save sacred cave from blast

By: Reuters     25th September 2020 Rio Tinto ignored repeated requests from traditional owners for sacred Australian rockshelters to be protected in the months before the site was blasted during a mine expansion, an Indigenous group said on Friday. The world’s biggest iron ore miner in May destroyed the two caves in Western... 

Aboriginal group says Rio Tinto ignored pleas to save sacred cave from blast

Atalaya to develop 50 MW solar plant at Riotinto

By: Mariaan Webb     25th September 2020 London-listed Atalaya Mining has started the permitting process to develop a 50 MW solar plant at its Proyecto Riotinto copper mine mine, in Spain. Technical studies have indicated that, in addition to making a significant contribution to reduce carbon emissions, the solar project is... 

Tin prices to extend rally as electronics sector recovers

By: Reuters     25th September 2020 Tin prices are due to extend their rally next year as top consumer China stocks up on the metal due to a recovery in demand for electronic goods. The bulk of tin, making up nearly half of demand, goes into solder, used chiefly in the electronics industry to connect components. 

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