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WA flagged as Aus battery destination

By: Esmarie Iannucci     Updated 2 hours 36 minutes ago Western Australia has been tipped as the prime location for a battery cathode active material (CAM) manufacturing destination, according to a new report. The report, commissioned by the Department of Industry, Innovation and Science, pointed out that Australia currently produced nine of the ten... 

WA flagged as Aus battery destination

Hydrogen targeted in the NT

By: Esmarie Iannucci     Updated 53 minutes ago The Northern Australian government on Friday unveiled its first ever Renewable Hydrogen Strategy to exploit the global demand for clean energy. The strategy outlines a five point hydrogen plan under which the industry and government would work together to prepare industry capabilities and... 

Adani Australia chief to step down as coal prices tank

By: Reuters     Updated 1 hour 31 minutes ago Adani Enterprises' Australian CEO, Lucas Dow, will step down, the company said on Friday, as sinking coal prices add to climate change pressure to stretch the development timeline of a coal project in Queensland state. Dow, who joined the company in April 2018, steered the Carmichael mine and... 

Thiess wins A$2.5bn contract extension

By: Esmarie Iannucci     Updated 4 hours ago ASX-listed project house CIMIC Group has been awarded a five-year contract extension to continue providing mining services at the Lake Vermont coal mine, in Queensland. The contract extension, with Jellinbah Group, is expected to generate revenues of some A$2.5-billion for Thiess, CIMIC said on... 

Copper is surging, but it doesn’t mean economy is booming

By: Bloomberg     Updated 2 hours 38 minutes ago Copper prices are surging, and for once it’s not because the economy is booming. The metal – known colloquially as Dr. Copper because its performance is often used to gauge the health of the overall economy – has surged by a staggering 45% since mid-March. That’s despite the International... 

BFS affirms 'compelling' opportunity at Crown Mountain

By: Esmarie Iannucci     Updated 3 hours ago A bankable feasibility study (BFS) into the Crown Mountain coking coal project, in British Columbia, has found that the project could produce an average of 1.7-million tonnes a year of saleable coal and 57.5-million tonnes a year run-of-mine coal over a mine life of 15 years. ASX-listed Jameson... 

BFS affirms 'compelling' opportunity at Crown Mountain
The Crown Mountain project, in the Elk Valley coal field in south eastern British Columbia.

New copper record for Red River

By: Esmarie Iannucci     Updated 4 hours ago Base metals miner Red River Resources has reported record copper production for the three months to June at its Thalanga operation, in Queensland, while zinc and lead production remained consistent with the previous quarter. Copper concentrate production in the fourth quarter reached 2 697 t,... 

Chesser raises cash for Senegal project

By: Esmarie Iannucci     Updated 3 hours ago Gold explorer Chesser Resources will raise A$6-million to fund large-scale drilling at the Diamba Sud gold discovery, in Senegal. The company has received firm commitments from institutional and sophisticated investors for the placement of 75-million shares, at a price of 8c each. 

Red Metal readies for exploration drive

By: Esmarie Iannucci     Updated 4 hours ago Explorer Red Metal will raise A$3-million through a share placement to fund drilling at its projects across Australia. The company on Friday said it had received firm commitments for the placement of more than 33.33-million shares, at a price of 9c each, from institutional and professional... 

Rio Tinto closes NZ aluminium smelters

By: Esmarie Iannucci     9th July 2020 Major Rio Tinto on Thursday announced that it would wind down operations and eventually close the New Zealand aluminium smelters (NZAS), following the conclusion of a strategic review. The company in October last year announced a review into the future of the smelter, to determine the... 

Rio Tinto closes NZ aluminium smelters

Australia rolls out exploration portal

By: Esmarie Iannucci     8th July 2020 The federal government has launched an online data portal provides free access to around 250 datasets collected as part of its A$225-million Exploring for the Future program. Minister for Resources, Water and Northern Australia, Keith Pitt said that the portal would help the resources sector in... 

Australia rolls out exploration portal

Sal de Vida still set for 2022 start

By: Esmarie Iannucci     7th July 2020 Lithium miner Galaxy Resources on Tuesday said that it was still on target for Stage 1 ore production at the Sal de Vida project, in Argentina, in 2022, despite the Covid-19 pandemic impacting the development schedule of the project. Galaxy in April this year suspended operations at Sal de Vida... 

Sal de Vida still set for 2022 start

Pan African board approves development of 10 MW solar plant at Elikhulu

By: Martin Creamer     Updated 50 minutes ago The board of gold-mining company Pan African has approved the development of a 10 MW solar photovoltaic project at the Elikhulu gold-from-tailings operation in Evander, Mpumalanga, the London-, Johannesburg- and now also New York-listed Pan African stated on Friday. Earlier this month, the... 

Pan African board approves development of 10 MW solar plant at Elikhulu
Photo by Creamer Media's Donna Slater
Gold pour at Elikhulu gold plant.

Novagold responds to class-action firm, warns investors about JCAP 'scam'

By: Mariaan Webb     Updated 1 hour 19 minutes ago Explorer and developer Novagold, which is suing short-selling firm J Capital Research (JCAP) for defamation, has responded to US law firm Hagens Berman, which is investigating whether the company has misled investors about the viability of its Donlin gold project, in Alaska. Hagens Berman said... 

Novagold responds to class-action firm, warns investors about JCAP 'scam'
The Donlin camp, in Alaska.

Covid mine suspensions hit Endeavour Silver Q2 output

By: Mariaan Webb     Updated 1 hour 49 minutes ago The mandatory suspension of Mexico’s mines in April and May is evident in Endeavour Silver’s second-quarter production results, with the Toronto- and New York-listed miner on Thursday reporting a 42% decrease in silver-equivalent production. The company produced 1.06-million silver-equivalent... 

Covid mine suspensions hit Endeavour Silver Q2 output

Hardrock project achieves 'significant' permitting milestone

By: Mariaan Webb     Updated 2 hours 25 minutes ago The C$1.25-billion Hardrock gold project, which miners Premier and Centera Gold jointly own, has achieved a “significant” permitting milestone, taking the long-life project one step closer to realisation. Toronto-listed Premier announced on Thursday that the joint venture (JV), Greenstone Gold... 

Great Panther mines return to stable production

By: Creamer Media Reporter      Updated 2 hours 41 minutes ago Gold and silver mining company Great Panther Mining’s mines in Mexico have returned to stable production, following the lifting of government mandated restrictions on mining, and in Brazil, its Tucano mine has “outperformed” despite the challenges of the global health pandemic. The dual-listed... 

Monarch inks MoU with Ontario Northland for Wasamac ore transport

By: Mariaan Webb     Updated 3 hours ago Toronto-listed Monarch Gold is studying the use of freight rail operator Ontario Northland Railway’s infrastructure to move ore from its Wasamac gold project, in Val d’Or, Quebec, to Glencore Canada’s Kidd concentrator, in Timmins, Ontario. The company has entered into a memorandum of... 

Monarch inks MoU with Ontario Northland for Wasamac ore transport

ANC suggests pension funds take some Eskom assets

By: Bloomberg     Updated 3 hours ago The Economic Transformation Committee of South Africa’s ruling African National Congress suggested that pension funds take over some of the assets of the indebted state power company. The proposal to transfer parts of Eskom Holdings SOC Ltd. into non-state hands was made in a discussion document... 

ANC suggests pension funds take some Eskom assets

Thermal scanning system helps speed up Covid-19 screening

By: Schalk Burger     Updated 4 hours ago Pretoria-based technology company Foresight Security has installed a locally developed thermal scanning system at a mine in the Northern Cape to help detect any possible cases of Covid-19. The system is capable of scanning two rows of mineworkers walking at a normal pace without them having to... 

Minerals Council expresses deep sadness at loss of 28 colleagues to Covid  

By: Martin Creamer     9th July 2020 Minerals Council South Africa health head Dr Thuthula Balfour on Thursday expressed deep sadness at the loss of 28 colleagues to Covid-19 and stated that research was being conducted to understand what makes people particularly vulnerable to the pandemic and what can be done to prevent the... 

Minerals Council South Africa’s Covid-19 update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

IronRidge completes Phase 2 drill programme at Côte d'Ivoire gold target

By: Donna Slater     9th July 2020 Aim-listed minerals exploration company IronRidge Resources reports that the initial second phase of its drilling programme at its Ehuasso gold target in Côte d'Ivoire has returned multiple high-grade and broad low-grade results from 5.9 km worth of aircore (AC) drilling, to date. The Ehuasso... 

Hulamin becomes first aluminium semi-fabricator to achieve emissions milestone

By: Donna Slater     9th July 2020 Aluminium products manufacturer Hulamin reports that it has become the first global aluminium semi-fabricator to have a greenhouse-gas (GHG) emissions target approved by the Science Based Targets initiative (SBTi).   The SBTi mobilises companies to set science-based targets and boost their... 

Returning mineworkers, Covid-19 deaths, hydrogen roadmap make headlines  

9th July 2020 Mining Weekly Editor Martin Creamer unpacks foreign mineworkers returning to South Africa, platinum having the highest number of Covid-19 related deaths and government's hydrogen society roadmap.   

Returning mineworkers, Covid-19 deaths, hydrogen roadmap make headlines

JSE says ETFs a haven for institutional investors

By: Simone Liedtke     9th July 2020 Professional and institutional investors wishing to gain exposure to different sectors, asset classes such as equities, commodities or government bonds are being encouraged by the JSE to use exchange-traded funds (ETFs).    

JSE says ETFs a haven for institutional investors

Silver price seen rising to $21/oz by late 2020

By: Mariaan Webb     9th July 2020 Having fallen sharply in mid-March, the silver price has recovered strongly and further gains are forecast for the rest of the year, owing to the precious metal’s safe-haven status and a belief among investors that silver is undervalued in absolute terms to gold. The silver price is forecast to... 

Silver price seen rising to $21/oz by late 2020

Shift from high- to low-carbon must be systematic and just – Mantashe 

By: Terence Creamer     9th July 2020 South Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, used the platform created by the International Energy Agency (IEA) Clean Energy Transitions Summit on July 9 to stress that South Africa’s shift from a high-carbon to a low-carbon path needed to be both systematic and just.... 

Shift from high- to low-carbon must be systematic and just – Mantashe
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

New GM appointed for FQM’s Kansanshi mine

By: Tasneem Bulbulia     9th July 2020 Anthony Mukutuma has been appointed GM of dual-listed First Quantum Minerals’ multimillion-dollar Kansanshi mine, in the Solwezi District of North Western province.  He is the first Zambian to hold the post of GM at Kansanshi, which is the largest copper mine in Africa by production. 

Caledonia's Blanket mine records strong production

By: Tasneem Bulbulia     9th July 2020 Gold miner Caledonia Mining's Blanket mine, in Zimbabwe, produced about 13 499 oz of gold in the quarter ended June 30. This is an increase of about 6.2% on the 12 712 oz produced in the corresponding quarter of 2019. 

Record-high gold prices are in sight 

By: Bloomberg     9th July 2020 Gold prices could be set to take out their long-standing record as mounting concerns about the global economy fuel gains above $1 800/oz. Spot bullion extended its advance into a sixth day as the resurgence of the coronavirus in some parts of the world adds to concerns about a protracted global... 

Tharisa revises production guidance downward, despite strong recovery in May, June

By: Marleny Arnoldi     9th July 2020 Considering Covid-19 lockdown restrictions in the second quarter of the year, JSE-listed chrome and platinum group metals (PGMs) miner Tharisa has revised downward its production guidance for the year ending September 30. The company now expects to produce between 130 000 oz and 135 000 oz of... 

CAML reduces Kounrad staff numbers as 27 test positive

By: Mariaan Webb     9th July 2020 UK-headquartered miner Central Asia Metals Limited (CAML) has maintained its full-year guidance from its operations in Kazakhstan and North Macedonia, despite increasing measures to reduce the spread of Covid-19 at its Kounrad operation. As the Aim-listed company enters the third quarter,... 

CAML reduces Kounrad staff numbers as 27 test positive
The Kounrad site, in Kazakhstan.

Clean energy should be at ‘core’ of Covid-19 stimulus plans – Guterres 

By: Terence Creamer     9th July 2020 United Nations secretary-general António Guterres appealed to governments on Thursday to place the transition from fossil fuels to clean energy at the “core” of their Covid-19 economic recovery spending. Guterres also used the platform created by the International Energy Agency (IEA) Clean Energy... 

Clean energy should be at ‘core’ of Covid-19 stimulus plans – Guterres
United Nations secretary-general António Guterres

Solidarity urges council, govt to settle out of court to avoid both unrest and delays

By: Marleny Arnoldi     9th July 2020 Trade union Solidarity has called on the Minerals Council South Africa and the Department of Mineral Resources and Energy (DMRE) to negotiate and reach an agreement out of court around ownership and the “once empowered, always empowered” principle. This follows after the High Court ruled that... 

Aboriginal groups call for Rio to lose human rights status after caves blast

By: Reuters     9th July 2020 Aboriginal and human rights groups on Thursday called for miner Rio Tinto Ltd to be stripped of its status as a human rights leader following its destruction of an Aboriginal sacred site showing evidence of 46 000 years of human habitation. With state government approval, the world's biggest... 

$83bn Australian pension fund to divest from thermal coal

By: Bloomberg     9th July 2020 Australia’s second-largest pension fund aims to almost halve carbon emissions across its investments within a decade as it joins global peers in mitigating the risks of climate change. First State Super said it will advocate for Australia’s economy to reduce its greenhouse gas emissions by 45%... 

Kvanefjeld by-products profitable - Greenland Minerals

By: Esmarie Iannucci     9th July 2020 By-products from the Kvanefjeld rare earths project, in Greenland, could contribute as much as $60-million in revenue annually, ASX-listed Greenland Minerals said. The company on Thursday pointed out that the Kvanefjeld deposit contained a large low-grade uranium resource, which could produce... 

IGO signs up for A$30m exploration deal

By: Esmarie Iannucci     9th July 2020 ASX-listed Antipa Minerals has inked a A$30-million farm-in agreement with metals miner Independence Group over the Paterson project, in Western Australia. Under the farm-in agreement, Independence could earn a 70% interest in a joint venture (JV). 

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