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Mincor urges shareholders to hold out for higher bid

By: Esmarie Iannucci     21st March 2023 Nickel miner Mincor Resources has urged shareholders not take any action in relation to an on-market takeover from shareholder Wyloo Metals. Wyloo currently holds a 19.9% interest in Mincor, and has offered A$1.40 in cash for every Mincor share not already owned by the company, valuing the... 

Image shows ASX trading board

Albemarle planning expansions at Kemerton

By: Esmarie Iannucci     21st March 2023 US major Albemarle on Tuesday said it was looking at expansion options in Australia, with the closest at hand being expanded production at its Kemerton lithium hydroxide plant in Western Australia. Speaking at the first day of Paydirt’s Battery Minerals conference, Albemarle country manager and... 

Critical Mineral Strategy due soon - Minister

By: Esmarie Iannucci     21st March 2023 The federal government is hoping to deliver its new Critical Minerals Strategy in the first half of this year, Resources Minister Madeleine King told delegates at the first day of the Paydirt Battery Minerals Conference. It is envisioned that the Strategy would focus on the government’s vision... 

White Rock to close Morning Star

By: Esmarie Iannucci     21st March 2023 ASX-listed White Rock Minerals on Tuesday announced that it would ‘reluctantly’ place its Morning Star gold project, in Victoria, on care-and-maintenance, while fellow-listed Thomson Resources also exercised its right to exit from the Mt Carrington earn-in and joint venture agreement, also in... 

Besra secures major funding facility

By: Esmarie Iannucci     21st March 2023 Gold developer Besra Gold has inked a $300-million gold pre-purchase and offtake funding deal with shareholder Quantum Metal Recovery. Besra told shareholders on Tuesday that the $300-million in funding, which would be paid over 30-months against future production ounces, would enable the... 

Impact strikes a HPA deal in WA

By: Esmarie Iannucci     21st March 2023 ASX-listed Impact Minerals on Tuesday announced a ‘transformational’ acquisition, acquiring an 80% interest in the Lake Hope high purity alumina (HPA) project, in Western Australia. Under the terms of the agreement with unlisted Playa One, Impact would earn an interest in the company in stages,... 

IGO weighing downstream nickel processing

By: Esmarie Iannucci     21st March 2023 Battery minerals major IGO is investigating the potential downstream processing of nickel to produce a cathode precursor product. Speaking at the Paydirt Battery Minerals conference, in Perth, IGO CFO Kath Bozanic said that the downstream processing option was in line with the company’s desire... 

US hoping Australia takes up downstream mantle

By: Esmarie Iannucci     21st March 2023 The Australian resources sector has been urged to move into the downstream value adding chain to take advantage of the increased demand for battery materials in the US. Speaking at the first day of the Paydirt Battery Minerals conference, the US Councillor for Economic Affairs, Michael Sullivan... 

Panoramic extends Savannah life

By: Esmarie Iannucci     21st March 2023 Nickel miner Panoramic Resources has extended the mine-life at its Savannah project, in Western Australia. Referencing a recently released life-of-mine update, Panoramic MD Victor Rajasooriar told delegates of Paydirt’s Battery Minerals conference, in Perth, that the project now had a minimum... 

Tesla's vision of EVs without rare earths will spur magnet race

By: Bloomberg     20th March 2023 Tesla’s ambition to remove rare earths from future models has producers in the sector reeling, but it also should spur global efforts to deliver alternatives for electric car motors that currently rely on the materials. Model 3 and Model Y powertrains have already reduced consumption of heavy... 

Liontown looks at DSO opportunities at Kathleen Valley

By: Esmarie Iannucci     21st March 2023 Lithium developer Liontown Resources is evaluating sale of direct shipping ore (DSO) at its Kathleen Valley project, in Western Australia, as an opportunity for early cash generation. Liontown COO Adam Smits told delegates at the Paydirt Battery Minerals conference, in Perth, that DSO material... 

Cultural audit leaves room for improvement at Rio

By: Esmarie Iannucci     20th March 2023 An independent audit into diversified miner Rio Tinto’s cultural heritage management compliance and performance has identified 81 non-conformances and 60 improvement opportunities in the miner’s global operations, and has made 144 recommendations to support alignment with global good practice.... 

Image shows a Rio Tinto branded hard hat at a mine in the Pilbara

Jubilee posts higher PGM output in H1

By: Marleny Arnoldi     20th March 2023 Base and precious metals miner Jubilee Metals has announced a strong performance in the six months ended December 31, 2022, with a 20% increase in platinum group metals (PGMs) produced from own operations and chrome production exceeding its guidance. The company’s adjusted earnings before... 

Afrimat moves to general mining on JSE

By: Creamer Media Reporter      20th March 2023 Building materials and mining group Afrimat’s sector classification on the JSE has been reclassified to depict its business operations more accurately. Its classification on the JSE has changed from the ‘basic materials construction and materials’ sector, to the ‘general mining’ sector. 

Safety environment that almost guarantees that people come first is a must, says Naidoo  

By: Martin Creamer     20th March 2023 Mine safety is absolutely essential. Stopping injury and fatality in mines just has to happen. How can South Africa achieve the zero harm that is needed? This was Mining Weekly’s opening question to Dilley Naidoo, the director of business development at Rifle-Shot Performance. (Also watch... 

Rifle-Shot Performance's Dilley Naidoo interviewed by Mining Weekly's Martin Creamer. Video and Video Editing: Darlene Creamer.

Merafe seeks to shield business from electricity price hikes  

By: Darren Parker     20th March 2023 Ferrochrome company Merafe is considering proposals for the construction of renewable energy facilities and is in discussions with power utility Eskom to secure a negotiated pricing agreement (NPA) to mitigate against unsustainable high electricity costs, the JSE-listed company reported on... 

Merafe Ferrochrome Smelting

Lithium development on track as Andrada production capacity increases 

By: Martin Creamer     20th March 2023 Technology metals mining and exploration company Andrada anticipates completion of its lithium bulk-testing pilot facility in June this year, the London AIM-quoted company said on Monday, March 20, when it provided fourth-quarter and 12 months to February 28 production updates for its Uis tin,... 

Andrada CEO Anthony Viljoen.
Andrada CEO Anthony Viljoen.

Avantor advances laboratory services in Southern Africa

By: Simone Liedtke     20th March 2023 As South Africa’s mining industry continues to grow, mining laboratories are relied upon to provide high-quality testing, inspection and certification services that adhere to internationally recognised standards and customer-specific methodologies. Fortune 500 company Avantor is therefore... 

Rand Refinery CFO urges for greater localisation in jewellery industry

By: Darren Parker     20th March 2023 The gold and silver beneficiation industry needs stronger localisation laws to protect local economic development of small-, medium- and micro-sized enterprises (SMMEs) who participate in the sector, says precious metals refiner Rand Refinery CFO Dean Subramanian.  He was speaking at a ceremony... 

Rand Refinery graduates 2022

Rising rates are reshaping once-lucrative commodity trades

By: Bloomberg     20th March 2023 Higher interest rates are forcing commodity traders to rethink some deals and push up prices, in the latest example of how a period of rapid central-bank hiking is reshaping global business. The companies that buy, sell and transport the world’s natural resources are particularly vulnerable to... 

Rainbow upgrades Phalaborwa resource estimate, progresses pilot plant build

By: Donna Slater     20th March 2023 London-based Rainbow Rare Earths has increased the mineral resource estimate of its Phalaborwa rare earths project, in Limpopo, to a measured and indicated 30.4-million tonnes at 0.44% total rare earth oxide (TREO), with the high-value, permanent magnet elements neodymium and praseodymium... 

Coal use seen peaking next year as India, China determine future

By: Bloomberg     20th March 2023 Global coal consumption will likely peak by next year as economics and climate strategies shift the world toward cleaner energy, but several wild cards could determine how long the dirtiest fossil fuel persists, according to BloombergNEF. Coal power generation increased in each of the past two... 

UK to help Kazakh exports bypass Russia, seeks critical minerals

By: Reuters     20th March 2023 Britain will help Kazakhstan develop export routes bypassing Russia, British Foreign Minister James Cleverly said on a visit to the Central Asian nation on Saturday, where he also signed a memorandum on supplies of critical minerals. Cleverly said London valued the position of Astana - which has... 

Mintek highlights its role in developing mineral processing technology

By: Donna Slater     20th March 2023 Mining analytical services company Mintek has highlighted its commitment to partner with the mining industry in developing and expanding new and existing technologies that can solve the industry’s mineral processing challenges. Along with more than 21 African countries and several mining... 

Roscan awarded environmental permit for Mali project

By: Creamer Media Reporter      20th March 2023 Canadian exploration company Roscan Gold is hopeful that it will obtain a mining licence for its Kandiole gold project, in Mali, in the “near future”, having been issued an environmental permit. ​​​​​​​ This environmental permit is the penultimate step that precedes the granting of the final... 

Pure Gold management departs as it seeks to appoint chief administrative officer

By: Creamer Media Reporter      20th March 2023 Embattled miner Pure Gold has announced the departures of its management in consultation with its senior lender and the court-appointed monitor in its ongoing Companies’ Creditors Arrangement Act (CCAA) proceedings. The resignations include president and CEO Mark O’Dea, VP exploration and... 

Atlantic kicks off augur drilling programme at Ghana lithium project

By: Marleny Arnoldi     20th March 2023 Dual-listed Atlantic Lithium has embarked on a five-month, 20 000-m auger drilling programme at the flagship Ewoyaa lithium project to test multiple targets within the project area. The drilling forms part of a broader exploration and resource drilling programme on the 560 km2 Cape Coast lithium... 

LME finds some nickel underlying its contracts is missing

By: Bloomberg     20th March 2023 The London Metal Exchange has discovered bags of stones instead of the nickel that underpinned a small handful of its contracts at a warehouse in Rotterdam, in a revelation that will deliver another blow to confidence in the embattled exchange. The amount of metal represents just 0.14% of live... 

LME finds some nickel underlying its contracts is missing

Reserve and outlook improves at Razorback

By: Esmarie Iannucci     20th March 2023 ASX-listed Magnetite Mines has reported a 340% increase in the ore reserves for its Razorback iron project, in South Australia, as well as the results of an optimisation study which identified the optimum development pathway. Magnetite Mines on Monday said that the best-case project... 

Gold bounces to 1-yr high as banking sector concerns return to fore

By: Reuters     20th March 2023 Gold prices jumped 1% to their highest since March last year on Monday, erasing earlier losses, as worries about the global banking sector returned to the fore despite rescue efforts by Swiss lender UBS to buy peer Credit Suisse to stabilise broader financial markets. Spot gold was up 1% at $2... 

An image of mini gold bars

Proposed Trillium-Pacton merger to ‘change the map’ of the Red Lake district

By: Donna Slater     20th March 2023 Canadian explorer Trillium Gold Mines and Pacton Gold have a merger that will create a company that manages 15 projects, covering 1 260 km2 in the prolific Red Lake mining district of northern Ontario. The companies state that their combined property holdings will be bigger than major gold... 

Bristol Springs to cost A$242.5m

By: Esmarie Iannucci     20th March 2023 The definitive feasibility study (DFS) for the Bristol Springs renewable energy project, in Western Australia, has confirmed its potential to produce some 4.9Mkg a year of hydrogen at a total cost of A$2.77/kg. ASX-listed Frontier Energy on Monday told shareholders that the Stage 1 development... 

Abujar ramping up to full production - Tietto

By: Esmarie Iannucci     20th March 2023 Junior Tietto Minerals has completed commissioning of its Abujar gold processing plant, in Côte d’Ivoire, with the project now ramping up to full production. The 4.5-million tonne a year mine is forecast to produce some 200 000 oz/y of gold over the first six years of production, at an all-in... 

Ionic's Uganda project proves profitable

By: Esmarie Iannucci     20th March 2023 The Stage 1 development of the Makuutu rare earths project, in Uganda, will require a capital investment of $120.8-million to support the five-million tonne a year project, which would deliver40 090 t of rare earth oxide equivalent product. ASX-listed Ionic Rare Earths on Monday told... 

Newmont joins US Dept of Energy’s mine tailings carbon sequestering research

By: Marleny Arnoldi     20th March 2023 Colorado-based diversified miner Newmont has partnered with the US Department of Energy (DoE) to explore a rapid electrochemical mineralisation to form dolomite (REMineD) approach for sequestering carbon in mine tailings. This three-year $4.38-million research and development project will see... 

SolGold makes Caldwell’s appointment permanent, names new CFO

By: Mariaan Webb     20th March 2023 Australia-based copper and gold developer SolGold on Monday announced that Scott Caldwell had been appointed CEO of the company and that former Guyana executive Chris Stackhouse had been named CFO. Caldwell had been servicing as interim CEO of SolgGold since November last year, when Darryl... 

Chilalo economics firm up for Evolution

By: Esmarie Iannucci     20th March 2023 An updated definitive feasibility study (DFS) into the Chilalo graphite project, in Tanzania, has delivered strong economics. ASX-listed Evolution Energy Minerals on Monday said that the results of a front-end engineering design (FEED) was incorporated into the updated DFS, which resulted in an... 

Ramelius makes a play for Breaker

By: Esmarie Iannucci     20th March 2023 Gold miner Ramelius Resources on Monday unveiled a takeover offer for fellow listed Breaker Resources, which owns the Lake Roe gold project, in Western Australia. Under the terms of the all-script off-market takeover offer, Breaker shareholders would receive one Ramelius share for every 2.82... 

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