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Exploration spend continues to grow - ABS

By: Esmarie Iannucci     Updated 1 hour 41 minutes ago New data from the Australian Bureau of Statistics (ABS) has shown that mineral exploration expenditure continued to grow in the December quarter. “Total Australian mineral exploration expenditure grew in every quarter in 2020, illustrating the strength of Australia’s mineral exploration... 

Exploration spend continues to grow - ABS

Rio investing in Tom Price community

By: Esmarie Iannucci     Updated 1 hour 39 minutes ago Major Rio Tinto has awarded some A$500-million worth of contracts to Western Australian and Pilbara Aboriginal businesses to support the latest development of its Greater Tom Price operations. The miner noted that construction of the Western Turner Syncline Phase 2 (WTS2) expansion started in... 

CCS fund open for application

By: Esmarie Iannucci     Updated 1 hour 38 minutes ago The federal government’s A$50-million Carbon Capture, Use and Storage Development Fund has officially been launched. Carbon capture and storage (CCS) technologies are one of five priority areas for investment under the government’s Technology Investment Roadmap, said Minister for Energy and... 

Lake Wells granted NAIF loan

By: Esmarie Iannucci     Updated 1 hour 36 minutes ago The Northern Australian Infrastructure Facility (NAIF) has approved a A$140-million loan for the Lake Wells sulphate of potash (SOP) project being developed by ASX-listed Australian Potash. The loan facility will have a 17-year tenor, and would be subject to commercial and project conditions... 

Work starts on Warrawoona

By: Esmarie Iannucci     Updated 1 hour 43 minutes ago Site work has started at the Warrawoona gold project, in Western Australia. ASX-listed Calidus Resources on Tuesday reported that in parallel with the construction activity, the company was completing an integration study on the nearby Blue Spec gold deposit, that would assess the economics of... 

ASM eyes Korean plant start in 2022

By: Esmarie Iannucci     Updated 1 hour 35 minutes ago A scoping study by ASX-listed Australian Strategic Materials (ASM) into an initial 5 200 t/y metals plant in Korea, has demonstrated the feasibility for the project. The company is hoping to independently produce key critical metals, focusing on rare earths, titanium and zirconium metals,... 

US Forest Service withdraws environmental report for Rio's Arizona copper mine

By: Reuters     1st March 2021 The US Forest Service on Monday blocked a land swap sought by Rio Tinto in Arizona for its proposed Resolution Copper mine, dealing a serious blow to the project and a major win to Native American tribes. The agency reversed a decision made in the waning days of former President Donald Trump's... 

US Forest Service withdraws environmental report for Rio's Arizona copper mine

11 apprehended for torching Limpopo mine offices

By: News24Wire      Updated 1 hour 35 minutes ago Eleven people have appeared in court following an attack at the Palabora Mining Company in Phalaborwa, Limpopo. They were apprehended on Friday night following violent protests in the area, police spokesperson Brigadier Motlafela Mojapelo said. 

Super-cycling PGMs being shielded from demand-hit repeat of 2000s – Froneman

By: Martin Creamer     Updated 2 hours 29 minutes ago Platinum group metals (PGMs) are moving into a super cycle and producers are working with end-users to prevent the metals going through a demand-destruction phase as took place in the early 2000s, Sibanye-Stillwater CEO Neal Froneman told the BMO conference on Monday. Speaking on a YouTube... 

Super-cycling PGMs being shielded from demand-hit repeat of 2000s – Froneman
Outlook for platinum group metals positive as they enter super cycle, says Sibanye-Stillwater.

Mining deals to pick up as world reopens, leading adviser says

By: Bloomberg     Updated 2 hours 48 minutes ago Deals among cashed-up mining companies are poised to pick up once lingering uncertainties from the pandemic dissipate, according to the most-active investment bank in the industry. Miners are flush with cash and ready to expand through acquisitions, with resurgent demand and supply shortfalls... 

Equinox Gold ups stake in Hardrock project

By: Mariaan Webb     Updated 4 hours ago Bullion miner Equinox Gold has entered into an agreement with an affiliate of the Orion Mine Finance Group to acquire an extra 10% of the Hardrock project, in Ontario, for $51-million, the company announced on Monday. The fully permitted and construction-ready gold project is currently owned 50%... 

To go electric, America needs more mines. Can it build them?

By: Reuters     Updated 4 hours ago Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer, an Australian firm that wants to mine the lithium that lies beneath the flowers for use in electric vehicle (EV)... 

To go electric, America needs more mines. Can it build them?
Looking over Rhyolite Ridge South Basin, where Australian firm ioneer is planning to mine lithium used in electric vehicle batteries.

Combination with Freeport had a lot of logic - Barrick CEO

By: Reuters     1st March 2021 Barrick Gold CEO Mark Bristow said on Monday that a combination with copper miner Freeport McMoRan "had a lot of logic to it" even though a deal between the companies did not pan out. Freeport CEO Richard Adkerson told Reuters on Thursday he has no desire to combine Freeport with Barrick or... 

Combination with Freeport had a lot of logic - Barrick CEO
Mark Bristow

Endeavour pivots to exploration to shake 'M&A junkie' image after deal spree

By: Reuters     1st March 2021 Canadian gold firm Endeavour Mining, which is preparing for a London listing late next quarter, is switching its focus to integrating new mines after a $2.7-billion acquisition spree in West Africa last year spooked some investors. The group, whose share price has underperformed a wider index of... 

Endeavour pivots to exploration to shake 'M&A junkie' image after deal spree
Sebastien de Montessus

Nornickel operations chief to leave in management shake-up

By: Reuters     1st March 2021 Russian metals producer Norilsk Nickel's (Nornickel) COO Sergey Dyachenko is leaving the company as part of a management restructuring, it said on Monday. The shake-up follows a number of environmental and industrial accidents at the world's largest producer of palladium and major producer of... 

Nornickel operations chief to leave in management shake-up
Sergey Dyachencko

Former TMAC CEO joins Kirkland Lake, Vaz promoted to COO

By: Mariaan Webb     1st March 2021 Triple-listed Kirkland Lake Gold on Monday that it had promoted Natasha Vaz to the role of COO and that former TMAC Resources CEO Jason Neal would join the company. Vaz was most recently senior VP technical services. In her new role, she would provide leadership and management oversight for the... 

Cora starts 22 000 m drilling campaign at Sanankoro

By: Donna Slater     1st March 2021 West Africa-focused Cora Gold has started a 22 000 m drilling campaign at its flagship Sanankoro gold project in southern Mali. CEO Bert Monro says the drill programme will be the largest single programme that Cora has ever completed.  

GoldStone defers gold loan further, plans to raise additional funding

By: Tasneem Bulbulia     1st March 2021 Aim-listed GoldStone Resources has agreed with Asian Investment Management Services (AIMS) a further deferment of the gold loan interest payment to June 30 (previously deferred to March 31), and the exercise of warrants by AIMS of over 40-million new ordinary shares which provides £1.2-million of... 

Resgen completes Phase 1 of strategic review

By: Donna Slater     1st March 2021 Coal miner Resource Generation (Resgen) reports that Phase 1 of its two phase strategic review that is considering alternatives for progressing development of its Boikarabelo project, in South Africa's Waterberg, has recently been completed. The review was initiated in November.  

Gemfields confirms phased resumption of Kagem, Montepuez operations

By: Tasneem Bulbulia     1st March 2021 Gemstone miner Gemfields on March 1 confirmed that its 75%-owned Kagem Mining emerald mine in Zambia, as well as its 75%-owned Montepuez Ruby Mining (MRM) ruby mine, in Mozambique, are set to restart production in a phased manner during March. Mining operations are expected to ramp up to... 

Black Cat takes option on milling facility for Kal East

By: Donna Slater     1st March 2021 Gold developer Black Cat Syndicate has entered into a A$1.41-million option to acquire a 1.5-million-tonne-a-year milling facility, comprising two mills, for its Kal East gold project, in Western Australia's Goldfields. Black Cat plans to build a processing facility near the Imperial/Majestic... 

China chips away at coal addiction to chase climate goals

By: Bloomberg     1st March 2021 China’s use of coal in its energy mix continued to decline in 2020, but more aggressive measures may be needed to reduce emissions in order to meet Beijing’s climate goals. Coal use accounted for 56.8% of the country’s total energy consumption last year, down 0.9 of a percentage point from 2019,... 

China chips away at coal addiction to chase climate goals

Senex completes $87.5m sale of Cooper Basin to Beach Energy

By: Donna Slater     1st March 2021 ASX-listed natural gas producer Senex Energy has completed the $87.5-million sale of its south Australian Cooper Basin business to Beach Energy, satisfying the condition for payment of a special 0.5 c apiece dividend to shareholders, in addition to the 0.5 c a piece distribution for the 2021... 

Tycoon Usmanov’s firms to build plant for greener iron products

By: Bloomberg     1st March 2021 Companies controlled by billionaire Alisher Usmanov will build a plant in central Russia to supply greener products used to make steel amid a growing focus to clean up the industry. A joint venture between USM and its Metalloinvest Holding's iron-ore mine will invest 40-billion rubles... 

Tycoon Usmanov’s firms to build plant for greener iron products
Alisher Usmanov

De Ruyter urges greater industrial policy integration with renewables roll-out 

By: Terence Creamer     1st March 2021 South Africa would be foregoing an “extraordinary opportunity” should it fail to develop local manufacturing capacity around its large-scale and multidecade deployment of renewable energy, Eskom CEO Andre de Ruyter argued on Monday. Speaking during the opening session of the virtual Africa Energy... 

De Ruyter urges greater industrial policy integration with renewables roll-out

Tesoro modifies El Zorro structure to align with Chilean regulations

By: Donna Slater     1st March 2021 ASX-listed gold explorer Tesoro Resources has modified the terms and structure of its acquisition of the El Zorro gold project in Chile, as both the project and the Ternera deposit, are now materially larger than contemplated by the existing purchase option agreement. Under the existing purchase... 

High Court interdicts business rescue of Lily, Barbrook mines 

By: Donna Slater     1st March 2021 The Mpumalanga division of the High Court on February 26 granted an interim interdict, as applied for by bidder Arqomanzi, delaying the implementation of busines rescue plans for the Lily and Barbrook mines by former owner Vantage Goldfields. The interim interdict is valid until May 4.  

Red River pours first gold at Hillgrove mine

By: Marleny Arnoldi     1st March 2021 Base and precious metals company Red River has poured first gold at the Hillgrove mine, in New South Wales. The ASX-company reports that plant production is ramping up, while gold recovery to flotation gold concentrate and Knelson gravity gold concentrate activities are performing in line with... 

Red River pours first gold at Hillgrove mine
Mining activities at Bakers Creek stockpile

Platinum jewellery had a strong fourth quarter, says the PGI

By: Marleny Arnoldi     1st March 2021 In the fourth quarter of last year, platinum outperformed other jewellery categories such as gold and delivered remarkable 14% year-on-year growth in fabrication. The Platinum Guild International (PGI) reports that, although China’s economy ended on a high note in the fourth quarter, retail... 

Platinum jewellery had a strong fourth quarter, says the PGI

Australian gold output tops record in 2020

By: Marleny Arnoldi     1st March 2021 Australia’s gold production totalled 327 t, or about 10.5-million ounces, in 2020, marking a record and a 1.5 t improvement on 2019's output, reports consultancy Surbiton Associates. Last year's gold production was worth A$27-billion, based on the average daily Australian dollar gold price.... 

Australian gold output tops record in 2020

Weekly Coal Index Report

1st March 2021 Even as US coal production continues to slide, and domestic consumption is cut, it emerged that the United States was the major beneficiary of China’s ban on Australian coal imports from the fourth quarter of 2020. This was arguably more for coking coal than thermal coal, but it’s interesting to... 

Weekly Coal Index Report

Redstone raises cash for West Musgrave copper exploration

By: Marleny Arnoldi     1st March 2021 Precious metals developer Redstone Resources has successfully raised A$2.2-million through an oversubscribed private placement, at an issue price of 1.2c apiece. The directors of the ASX-listed company have also reserved the right to place a further A$325 000 at the issue price, subject to... 

Latin Resources to test, define various lithium deposits in Minas Gerais

By: Marleny Arnoldi     1st March 2021 ASX-listed Latin Resources has announced it will start exploration work on its lithium projects, held by its wholly-owned Brazilian subsidiary Mineracao Ferro Nordeste, in the Jequitinhonha valley region of Minas Gerais. The assets collectively represent 11 tenements named the Salinas lithium... 

Gahcho Kué workers return to site after Covid suspension

By: Mariaan Webb     1st March 2021 Toronto-listed Mountain Province Diamonds has started a ramp-up to resume operations at the Gahcho Kué mine, where production was suspended on February 6 after experiencing several cases of Covid-19. CEO Stuart Brown said on Friday that plans to mitigate the loss of production were being... 

 Gahcho Kué workers return to site after Covid suspension

Australian teens lead class action against Whitehaven's coal mine expansion

By: Reuters     1st March 2021 A class action against a coal mine extension that begins on Tuesday could make it more difficult for coal mines to be approved in Australia on the basis of intergenerational equity and climate change, if the claimants prove successful. The landmark claim, by a group of eight teenagers from... 

Musk says nickel is 'biggest concern' for EV batteries

By: Bloomberg     1st March 2021 Elon Musk has had it with nickel. It’s scarce and expensive, so the chief executive officer of electric-carmaker Tesla tweeted last week that the company’s shifting some cars to a type of battery that uses iron instead. Musk has previously pleaded with miners to produce more nickel. Supplies... 

Musk says nickel is 'biggest concern' for EV batteries
Elon Musk

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision  

By: Martin Creamer     1st March 2021 The surge of the hydrogen economy, the need to recycle, halving Scope 3 emissions through iron-ore-linked green steelmaking, assisting South Africa to create new industries, and becoming a one-stop material solutions provider, were among the issues discussed by Anglo American CEO Mark Cutifani in... 

Anglo American CEO Mark Cutifani interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Codelco reports bumper year for profits despite pandemic

By: Reuters     1st March 2021 Chile's Codelco, the world´s top copper producer, reported pre-tax profits of $2.078-billion in 2020 and said it had upped output from its own mines by 2% to 1.618-million tonnes, despite being forced to rely on skeleton crews for almost half the year amid strict measures aimed at curbing the... 

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