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Australian resource exports continue strong in October

By: Esmarie Iannucci     3rd December 2020 Despite global trade tensions, Australia’s resources and energy exports have continued to underpin the nation’s economic recovery post Covid-19. Trade data from the Australian Bureau of Statistics (ABS) has shown that iron-ore exports during the month of October grew by 4.1% and 43.9% compared... 

Australian resource exports continue strong in October

Woodside takes FAR's Senegal interest

By: Esmarie Iannucci     3rd December 2020 Australian oil and gas producer Woodside has exercised its rights over the Rufisque offshore, Sangomar offshore and Sangomar deep offshore (RSSD) contract area, offshore Senegal, pre-empting joint venture (JV) partner FAR’s sale of its interest in the project. FAR in November announced that it... 

Butcherbird expansion on the cards

By: Esmarie Iannucci     3rd December 2020 ASX-listed Element 25 has updated the economics of its Butcherbird manganese project, in Western Australia, highlighting the project’s expansion potential. A May prefeasibility study (PFS) estimated that the project would produce 312 000 t/y of medium-grade ump manganese concentrate, grading... 

Australian inquiry into sacred cave destruction seen recommending mining reforms

By: Reuters     3rd December 2020 An Australian inquiry into Rio Tinto's destruction of ancient rock shelters is likely criticise the miner's procedures and recommend legal and sector reforms when it issues its findings next week, according to legal, Indigenous and mining sources. The inquiry into the lawful destruction of the... 

Chevron appoints new Australia chief

By: Esmarie Iannucci     3rd December 2020 US energy major Chevron has tapped Mark Hatfield, currently VP of its Gulf of Mexico business unit, to become MD of Chevron Australia and head of the Australasia business unit, effective March 1. Hatfield succeeds Al Williams, who has been appointed VP of corporate affairs for Chevron... 

Piedmont granted US air permit

By: Esmarie Iannucci     3rd December 2020 Lithium developer Piedmont Lithium has been granted a key permit for chemical operations at its planned 22 700 t/y lithium hydroxide chemical plant, in King Mountain, North Carolina. The company on Thursday told shareholders that the North Carolina Department of Environmental Quality’s... 

Blackstone to start trading in the US

By: Esmarie Iannucci     3rd December 2020 Junior Blackstone Minerals will start share trading on the US-based OTCQB Market under the code BLSTF. The base metals developer said on Thursday that the US trading platform would enhance the company’s visibility and the accessibility by North American investors, and followed after significant... 

Marine transporter takes a look at hydrogen

By: Esmarie Iannucci     3rd December 2020 Marine transporter Global Energy Ventures has launched a scoping study to investigate supply chain economics and internal energy requirements to transport hydrogen fuel using its existing compression (C-H2) ships. “The scoping study will analyse the supply chain economics and internal use of our... 

Odysseus tracking to schedule

By: Esmarie Iannucci     3rd December 2020 Nickel miner Western Areas’ Odysseus mine is on track for first nickel-in-concentrate production at its Odysseus mine, in Western Australia, as shaft hoisting equipment arrived for the project from South Africa. Western Areas on Thursday said that all refurbished headframe and winder equipment... 

Iron-ore sizzles as Vale's output guidance adds fuel to rally

By: Reuters     3rd December 2020 China's iron-ore benchmark scaled a record high on Thursday after miner Vale SA unveiled output targets that lagged forecasts, adding to concerns about weak seaborne supply. Iron ore on China's Dalian Commodity Exchange ended daytime trade up 1.7% at 937 yuan ($142.86) a tonne, near its peak of... 

Iron-ore sizzles as Vale's output guidance adds fuel to rally

Nickel Mines to raise A$364m for Angel acquisition

By: Esmarie Iannucci     2nd December 2020 ASX-listed Nickel Mines has announced a A$364-million equity raising to fund the initial 30% acquisition of the Angel Nickel project, in Indonesia. Nickel Mines last week announced that it had reached an agreement with partner Shanghai Decent Investment to acquire a 70% interest in the Angel... 

Nickel Mines to raise A$364m for Angel acquisition

Permitting steps for GoldStone's Ghana mine progressing

By: Tasneem Bulbulia     3rd December 2020 Aim-listed GoldStone Resources has received notice that the Ghanaian Ministry of Lands and Natural Resources (MLNR) has recommended the granting of an expanded mining lease in respect of the Akrokeri-Homase gold project and  it is now subject to ratification by the relevant Ghanaian Ministerial... 

Report finds mining companies prioritise community wellbeing over energy targets

By: Marleny Arnoldi     3rd December 2020 Law firm Hogan Lovells’ latest 'Future of Mining' report finds that two-thirds of mining companies have developed community impact programmes as part of their sustainability policies. These programmes are typically focused on jobs, transport and clean water.  

Investment in green hydrogen production to exceed $1bn by 2023 − IHS Markit 

By: Marleny Arnoldi     3rd December 2020 Investment in the production of hydrogen powered by renewable sources, or green hydrogen, is likely to exceed $1-billion by 2023, says research agency IHS Markit. The agency attributes an elevated investment outlook to falling costs and policy support from governments that are looking to shift... 

Kenmare nears grid-connected operations, startup of pump system

By: Marleny Arnoldi     3rd December 2020 London-listed Kenmare Resources expects operations at its Pilivili deposit, at the Moma titanium minerals mine, in Mozambique, to be running on grid power before the end of the year, after having been run on diesel-powered generators during its recommissioning. This while the project’s heavy... 

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers 

By: Donna Slater     3rd December 2020 Although lockdowns across the world have had a significantly negative impact on diamond sales, demand is beginning to gain traction again as the industry nears the popular Christmas selling season and certain regions emerge from months-long strict lockdowns, says De Beers CEO Bruce Cleaver.... 

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers
Photo by Creamer Media's Donna Slater
De Beers' Venetia open-pit diamond mine

Exxaro output, sales for the year on par with last year despite dampened markets

By: Marleny Arnoldi     3rd December 2020 In a pre-close update provided on December 3, JSE-listed diversified miner Exxaro Resources said the easing of Covid-19 lockdowns around the world in the latter part of the year had helped to increase coal offtake volumes in both the domestic and international markets. FD Riaan Koppeschaar... 

Exxaro output, sales for the year on par with last year despite dampened markets
Photo by Creamer Media's Donna Slater
Exxaro FD Riaan Koppeschaar

Glencore, China’s GEM extend strategic cobalt partnership 

By: Martin Creamer     3rd December 2020 Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by another five years. Both companies have also formally embedded responsible sourcing and sustainability into the contractual relationship. 

Glencore, China’s GEM extend strategic cobalt partnership
Glencore CEO Ivan Glasenberg

Northern Dynasty to appeal Army Corp’s Pebble decision

By: Mariaan Webb     3rd December 2020 Canadian firm Northern Dynasty on Thursday announced that its US-based subsidiary, Pebble Limited Partnership, would appeal the US Army Corps of Engineers’ (USACE's) issuance last week of a negative record of decision (RoD) for the proposed Pebble mine in south-west Alaska. The RoD issued by the... 

Northern Dynasty to appeal Army Corp’s Pebble decision

Mkango sends rare earths samples for testwork

By: Marleny Arnoldi     3rd December 2020 Aim-listed Mkango Resources’ Malawian subsidiary has completed an extensive hand-auger drilling and soil sampling programme to identify rutile prospects within the 869 km2 Mchinji licence, in Malawi. The samples have been transported to a specialist assay laboratory Scientific Services in Cape... 

BHP says copper output needs to double in 30 years, criticises pricing system

By: Reuters     3rd December 2020 Copper production must double in the next 30 years to meet demand driven by global trends towards decarbonisation and electrification, a senior BHP executive said on Thursday. Copper, widely used in power and construction, is well placed to benefit from the decarbonisation targets of some the... 

BHP says copper output needs to double in 30 years, criticises pricing system

China to allow Australian coal cargo ashore despite ban

By: Reuters     3rd December 2020 China is set to allow a shipment of Australian coal into the country, according to a person familiar with the matter, despite a ban on such imports remaining in place as tensions between Beijing and Canberra escalate. A cargo of 135 000 tons of Australian thermal coal on the vessel Alpha Era,... 

China to allow Australian coal cargo ashore despite ban

Kamoa-Kakula stockpile building up ahead of July 2021 production start

By: Marleny Arnoldi     3rd December 2020 TSX-listed Ivanhoe Mines has announced that underground development at the Kamoa-Kakula copper project, in the Democratic Republic of Congo, produced a combined 250 000 t of ore, grading 4.85% copper, in November. This tonnage from the Kakula and Kansoko mines was 29% higher than the volumes... 

Merger consolidates BC copper district

By: Creamer Media Reporter      3rd December 2020 Juniors Serengeti Resources has announced that it will acquire fellow TSX-V-listed Sun Metals, consolidating the contiguous copper/gold exploration assets of Kwanika and Stardust, both of which will benefit from operational synergies as the projects advance, along with a portfolio of British... 

Yamana's generative exploration programme yielding results

By: Creamer Media Reporter      3rd December 2020 Despite limited drilling activity owing to Covid-19-related restrictions, Canadian miner Yamana Gold says its generative exploration programme has made significant progress, strengthening the company’s conviction that it will meet its objective of discovering a standalone project with inferred... 

Musselwhite materials handling projects completed

By: Mariaan Webb     3rd December 2020 Gold major Newmont is ramping up the Musselwhite mine, in Ontario, to full operations following the completion of a new conveyor and materials handling system. “Musselwhite is an important part of our North America region, and with the commissioning of these two projects is positioned to... 

Musselwhite materials handling projects completed

Battery costs fall, make electric vehicles cheaper - BMI

By: Reuters     3rd December 2020 The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI). One barrier to a higher take up of electric vehicles has been the high... 

Battery costs fall, make electric vehicles cheaper - BMI

Codelco lifts copper production in October 2020, private mines see drop - Cochilco

By: Reuters     3rd December 2020 Chile's State miner Codelco, the world's top copper producer, increased output in October while privately-owned multinationals saw a decrease, Chilean copper commission Cochilco said on Wednesday. Codelco saw production rise 3.5% year-on-year in October to 159 900 t and 2.9% in the first ten... 

Vale output goals lag forecasts, sets emission targets

By: Reuters     3rd December 2020 Brazilian miner Vale on Wednesday unveiled iron-ore production targets that lagged previous forecasts while underlining its efforts to pay reparations related to a dam disaster and lower carbon emissions in the coming years. Vale's new forecast output of 300-million to 305-million tonnes of... 

Vale output goals lag forecasts, sets emission targets

Sasol keeps rights-issue powder dry having ‘banked’ $3bn in disposals

By: Terence Creamer     2nd December 2020 Debt-laden chemicals and energy group Sasol is keeping its rights-issue powder dry, indicating on Wednesday that a final decision on any possible issuance, including its scale, will depend on various factors, including whether or not it is successful in completing yet more asset disposals. CEO... 

Sasol keeps rights-issue powder dry having ‘banked’ $3bn in disposals
Photo by Creamer Media's Donna Slater
Sasol CEO Fleetwood Grobler

PTM to raise $2.5m in private placement

By: Tasneem Bulbulia     2nd December 2020 Platinum and palladium project developer Platinum Group Metals (PTM) intends to, subject to regulatory approval, sell common shares of the company to existing major beneficial shareholder, Hosken Consolidated Investments (HCI), for gross proceeds of $2.5-million. The company will use the net... 

Capital secures 'transformational' contract mining contract at Centamin's Sukari 

By: Tasneem Bulbulia     2nd December 2020 A subsidiary of minerals drilling solutions provider Capital Limited has entered into a conditional 120-million-tonne openpit waste mining services contract and an expanded drilling contract at LSE-listed Centamin’s Sukari gold mine in Egypt, as part of Centamin’s operational reset. The four-year... 

Capital secures 'transformational' contract mining contract at Centamin's Sukari
Sukari open pit

Lack of anticorruption reporting evident in South African private sector  

By: Marleny Arnoldi     2nd December 2020 The National Business Initiative, together with Corruption Watch (CW) and independent London-based global think tank Overseas Development Institute (ODI), have launched the 'Transparency in Corporate Reporting 2020' report. The report evaluates the transparency of corporate reporting by 100... 

Corruption Watch director David Lewis and ODI fellow Stephen Gelp discuss the state of corruption disclosures in private sector

Council celebrates women in mining heroes

By: Tasneem Bulbulia     2nd December 2020 The Minerals Council South Africa Women in Mining Leadership Forum has announced ten Covid-19 Women in Mining Heroes, as part of the its drive to shine a spotlight on the work done by women in the South African mining industry. The leadership forum was established to enhance the representation... 

Resources Watch 

2nd December 2020 This week: Anglo praised for blazing decarbonised mining trail with hydrogen truck project; Omnia firmly in ‘fix and renew’ phase following September interim period; and, Coal mine on point of turning acid mine drainage into potable water at no cost 

Resources Watch

Germany scraps renewable fee on hydrogen to encourage new technology

By: Reuters     2nd December 2020 Germany's government on Wednesday lifted a charge levied on power prices to support renewable energy for producers of so-called green hydrogen, part of a bid to encourage the nascent technology for low-carbon fuels. The Berlin cabinet decided to waive the renewable energy fee under the EEG... 

India court rejects temporary restart of Vedanta copper smelter

By: Bloomberg     2nd December 2020 India’s top court has rejected Vedanta’s petition to restart for three months its shuttered copper smelter. The Supreme Court will review the plea to resume operations at the facility in the southern Tamil Nadu state in detail next year and decide if plant can be allowed to restart or shut... 

India court rejects temporary restart of Vedanta copper smelter

China coking coal surges as Covid throttles Mongolia border

By: Bloomberg     2nd December 2020 Coking coal prices in China have soared to a four-year high after a new Covid-19 outbreak slowed border crossings from Mongolia. Trucks carrying coal across the border have fallen by about 80% since October amid efforts to control the virus as hundreds of new cases arise in Mongolia, according... 

China coking coal surges as Covid throttles Mongolia border

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