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BHP moves to shelter petroleum suppliers

By: Esmarie Iannucci     9th April 2020 The petroleum division of mining major BHP is implementing emergency measures to support cash flow to suppliers during the Covid-19 pandemic. The miner on Thursday said that it would be making immediate payments of outstanding invoices and move to seven-day payment terms for the next six months... 

BHP moves to shelter petroleum suppliers

Stanmore's coal sales soar in March quarter

By: Esmarie Iannucci     Updated 7 hours ago Takeover target Stanmore Coal has reported another solid quarter during the three months to March, with run-of-mine (ROM) coal production reaching 813 000 t. The March quarterly ROM production was down 6% on the 864 000 t produced in the previous quarter, but up by 7% on the previous... 

Orocobre restarts work in Argentina

By: Esmarie Iannucci     9th April 2020 Lithium miner Orocobre has restarted production at its Olaroz and Boraz operations, in Argentina, after the government declared the operations at ‘essential’ activities. However, on-site operations for the Stage 2 expansion of Olaroz remain suspended. Operations were suspended in March after... 

New scoping at Paulsens East shows Utah Point results

By: Esmarie Iannucci     9th April 2020 A revised scoping study into the Paulsens East iron-ore project, in Western Australia, incorporating the Utah Point, at Port Hedland, as the shipping port, has confirmed the project economics. The original scoping study completed in late 2019, considered the Onslow marine supply base, at Beadon... 

Red River posts solid March quarter

By: Esmarie Iannucci     9th April 2020 Metals miner Red River Resources has reported record copper production during the March quarter, along with increased zinc and lead production. The ASX-listed miner told shareholders that mine production and mill throughput improved significantly in the quarter ending March resulting in... 

MMG declares force majeure on supply from Las Bambas copper mine - sources

By: Reuters     Updated 7 hours ago Australia-based miner MMG Ltd has declared force majeure on supplies from Las Bambas copper mine in Peru, two sources from smelters told Reuters on Thursday. MMG, owned by China Minmetals, has given notice to customers on their force majeure due to the lockdown in Peru to contain the spread of... 

Marenica raises capital for exploration work

By: Esmarie Iannucci     9th April 2020 Junior Marenica Energy will raise A$1-million after receiving binding commitments for a placement to professional and sophisticated investors. The ASX-listed company will place 26.35-million shares, at a price of 3.8c each and 26.35-million free attaching options over two tranches. The first... 

Perseus donates $387 500 to assist Ghana, Côte d’Ivoire in fight against Covid-19

By: Donna Slater     8th April 2020 Gold miner Perseus Mining is donating $387 500, comprising cash and goods, to assist its host governments and host communities in Ghana and Côte d’Ivoire in their efforts to fight the spread of Covid-19 in West Africa.

As of April 6, there continues to be no cases of Covid-19 infection reported... 

Sayona's Canada lithium project still on time

By: Esmarie Iannucci     9th April 2020 ASX-listed Sayona Mining on Thursday said that the approvals process for its Authier lithium project remained on track, after receiving feedback from Quebec’s Ministry of the Environment and the Fight against Climate Change over its environmental impact study (EIS) for the project. The EIS was... 

Resources still driving Qld exports

By: Esmarie Iannucci     8th April 2020 While coal and mineral exports continued to drive the Queensland economy in the 12 months to February, the resources sector has warned that the impacts of the Covid-19 pandemic would be felt in the future. The Queensland government on Wednesday revealed that exports during the 12 months to... 

Resources still driving Qld exports

Charter flights now insured to ship gold to ease supply logjam - LBMA

By: Reuters     Updated 41 minutes ago Insurance firms have started covering charter flights to carry gold, helping to ease logjams in the bullion supply chain that caused prices to diverge sharply in different markets, the London Bullion Market Association (LBMA) said on Thursday. Gold is usually moved between countries in the... 

Charter flights now insured to ship gold to ease supply logjam - LBMA

Quickly deployable prefabricated medical facility ideal to tackle Covid-19 in Africa

By: Donna Slater     Updated 59 minutes ago A partnership between renewable energy company Africa Clean Energy Solutions (Aces) and mining, civil and roadworks company 3C Tech Mining has led to the development of a turnkey prefabricated medical facility – SAFEPOD – which can be used to bolster medical facilities available to tackle the... 

Premier borrows $200 000, sends letter of demand to Zim govt

By: Marleny Arnoldi     Updated 1 hour 12 minutes ago Aim-listed Premier African Minerals has entered into a secured $200 000 loan agreement and related subscription agreement with a company owned by a trust of which CEO George Roach is a beneficiary. The proceeds of the new loan will be used to support ongoing development and provide additional... 

Glencore launches $25m support fund in response to Covid-19

By: Martin Creamer     Updated 1 hour 35 minutes ago Diversified mining and marketing company Glencore on Thursday announced the launch of a $25-million fund in response to the coronavirus pandemic. The fund will support the London- and Johannesburg-listed company’s teams that are working closely with governments, health agencies and others key... 

Glencore launches $25m support fund in response to Covid-19
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Kenmare continues to ship product, but suspends guidance

By: Tasneem Bulbulia     Updated 1 hour 54 minutes ago Titanium mineral and zircon producer Kenmare Resources recorded lower-than-anticipated production from its Moma titanium minerals mine, in northern Mozambique, in the quarter ended March 31; however, the mine has not been materially affected by Covid-19 to date and the company continues to ship... 

Govt permits Tharisa to continue to operate with fewer personnel

By: Martin Creamer     Updated 2 hours 38 minutes ago Chrome and platinum group metals (PGM) mining company Tharisa has received government permission to continue operating with a reduced number of personnel during the Covid-19 lockdown. Revealing this with its release on Thursday of second-quarter results for the three months to March 31, Tharisa... 

Govt permits Tharisa to continue to operate with fewer personnel
Photo by Creamer Media
Tharisa CEO Phoevos Pouroulis

Arc finalises royalty agreement with Golden Square

By: Tasneem Bulbulia     Updated 3 hours ago Aim-listed Arc Minerals has entered into a binding royalty agreement with Golden Square Equity Partners, following the sale of Arc's entire 99.43% interest in Casa Mining to Golden Square for up to $50-million, as announced in March. Under the terms of the royalty agreement, Arc will be entitled... 

Afrimat expects to report higher full-year earnings

By: Tasneem Bulbulia     Updated 3 hours ago JSE-listed Afrimat expects its earnings a share for the year ended February 29 to be between 318.2c and 362.4c, reflecting an increase of between 44% and 64% year-on-year. Its headline earnings a share are expected to be between 323.1c and 369.9c, reflecting an increase of between 38% and 58%... 

Moody’s cuts outlook for steel industries further

By: Marleny Arnoldi     Updated 3 hours ago Ratings agency Moody’s Investors Service already had negative outlooks for steel industries across the world, largely based on weak fundamentals in 2019, but the Covid-19 outbreak has made conditions worse and prompted the agency to cut the outlook for steel industries further. Moody’s says the... 

Wescoal delays results publication to August

By: Marleny Arnoldi     Updated 3 hours ago JSE-listed coal miner Wescoal will make use of the two-month extension period afforded to listed companies for reporting on their results for the year-ends to December 31, 2019; and January 31, February 29 and March 31, this year. Wescoal motivates that while every effort is being made to... 

World Bank warns of big South Africa GDP slump and first SSA recession in 25 years as Covid-19 bites 

By: Terence Creamer     Updated 5 hours ago The World Bank is forecasting that gross domestic product in South Africa could slump by between 6.9 percentage points and 8 percentage points in 2020 when compared with a base case that does not include the anticipated economic fallout from the Covid-19 pandemic. Similar contractions are... 

World Bank warns of big South Africa GDP slump and first SSA recession in 25 years as Covid-19 bites
World Bank Chief Economist for Africa Albert Zeufack

Blanket mine's first-quarter output rises 19% y/y

By: Simone Liedtke     Updated 6 hours ago Gold producer Caledonia Mining’s Blanket mine, in Zimbabwe, produce 14 233 oz of gold in the quarter ended March 31, a 19% increase on the 11 948 oz produced in the corresponding quarter of 2019. CEO Steve Curtis credits the operational team for the increase and says the operational improvements... 

Emmerson to apply for mining permit in Morocco before year-end

By: Marleny Arnoldi     Updated 6 hours ago London-listed potash developer Emmerson started this year with a great deal of purpose, making progress on its feasibility study and a clear plan for the future to further de-risk the Khemisset project, in Morocco. Following a rigorous site selection trade-off study, the company has selected two... 

Vale extends Voisey’s Bay shutdown by up to 3 months

By: Creamer Media Reporter      Updated 6 hours ago The Voisey’s Bay mine, in Labrador, Canada, will remain on care-and-maintenance for up to another three months, because of the coronavirus, Brazilian major Vale reported on Thursday. On March 16, Vale announced a four-week care-and-maintenance period at Voisey's Bay mine, owing to the unique... 

Resolute helps to fund African Covid responses

By: Esmarie Iannucci     Updated 7 hours ago Gold miner Resolute Mining has committed more than $1-million in funding to support the response efforts from its host nations in Africa against the Covid-19 pandemic. The ASX-listed miner said that its commitment would consist of direct financial assistance as well as sourcing and supply of... 

World's deepest mines to take weeks to reopen after virus shutdown

By: Bloomberg     9th April 2020 When South Africa shut down its mining industry to contain the coronavirus, more than 450 000 workers were sent home in 24 hours. Getting them back will take much longer for the nation’s gold and platinum miners. Ramping up production at the world’s deepest mines could take three to four weeks as... 

World's deepest mines to take weeks to reopen after virus shutdown

Satellite imaging helps monitoring of remote mining operations

By: Donna Slater     9th April 2020 Satellite imaging of remote mining operations can be used to track and visually represent surface changes, ranging from the areal extent of surface operations, surface water, surface disturbances and the addition or removal of surface infrastructure – a vital component of mining management amid... 

SRK weighs in on draft community resettlement guidelines

By: Marleny Arnoldi     9th April 2020 Resettlement is a growing concern during the development of large public and private projects in sectors such as mining and energy, says SRK Consulting senior social scientist Jessica Edwards. It is, therefore, opportune that the South African government is seeking to define a common approach... 

SRK weighs in on draft community resettlement guidelines
Partially demolished house in the aftermath of a mine's resettlement process

Despite Covid-19 challenges, Kirkland turned in a strong first quarter

By: Mariaan Webb     9th April 2020 Kirkland Lake, a gold miner with operations in Canada and Australia, has reported a “very strong” performance in the first quarter, bolstering production by 43% year-on-year to 330 864 oz. Production growth, once again, was driven by the Fosterville mine, in Victoria, Australia, which at 159 864... 

Engineering News & Mining Weekly e-magazine now available

9th April 2020 For the duration of South Africa’s 21-day Covid-19 lockdown period, Creamer Media is providing free digital access to our flagship Engineering News & Mining Weekly news magazine. Click now to read our latest edition. 

Engineering News & Mining Weekly e-magazine now available

Wallbridge says exploration won’t resume next week

By: Creamer Media Reporter      9th April 2020 TSX-listed Wallbridge Mining said on Thursday that is exploration activities, originally expected to be suspended until April 15, would not resume until at least May 4, in line with the latest Covid-19 plans of Ontario and Quebec. The company is exploring the Fenelon gold project, in the Abitibi... 

Premier’s $205m offer for Hardrock snubbed

By: Creamer Media Reporter      9th April 2020 Gold miner Centerra has turned down a $205-million offer for its 50% interest in the Greenstone Gold Mines (GGM), partner Premier Gold Mines announced on Thursday. Premier confirmed the offer on March 30 and explained that it had assigned its rights to another company with the financial muscle... 

Codelco says copper production, sales hitting targets amid coronavirus outbreak

By: Reuters     9th April 2020 Chile state copper miner Codelco, the world´s largest, said on Wednesday its production continued in line with its plans despite the measures it has implemented to stave off the spread of coronavirus at its operations. The company told Reuters in an email that it had also met 100% of its sales... 

Rio Tinto to press ahead with dividend amid coronavirus uncertainty

By: Reuters     8th April 2020 Global miner Rio Tinto will go ahead with its $3.7-billion dividend payment this month, its chairman told shareholders this week, as a weaker global economy forces some of its peers to forgo payouts. The mining company held the London leg of its annual general meeting via teleconference call due... 

Rio Tinto to press ahead with dividend amid coronavirus uncertainty

Greenland waves exploration licence obligations for 2020

By: Mariaan Webb     8th April 2020 The government of Greenland has waved mineral exploration licence obligations and expenditures through to the end of the year, as part of emergency relief it is providing to the mining sector amid the coronavirus pandemic. The decision covers all companies with exclusive mineral exploration... 

Greenland waves exploration licence obligations for 2020

Kibo advancing assets despite Covid-19 related delays

By: Simone Liedtke     8th April 2020 Multi-asset energy company Kibo Energy is continuing to advance its portfolio of assets during the “unprecedented time” of the global fight against Covid-19, which is creating a changing landscape and having lasting implications that are still unknown at this stage. It is within this context that... 

Eskom’s Bernard Magoro appointed as new head of IPP Office 

By: Terence Creamer     8th April 2020 The Development Bank of Southern Africa (DBSA) announced on Wednesday, April 8, that former Eskom executive Tshifhiwa Bernard Magoro had been appointed as the new head of the Independent Power Producers Office (IPPO). The appointment would be effective from May 1. 

Eskom’s Bernard Magoro appointed as new head of IPP Office
Photo by Creamer Media's Donna Slater
Tshifhiwa Bernard Magoro

Barplats resumes operations at Crocodile River mine

By: Tasneem Bulbulia     8th April 2020 Platinum group metals producer Eastern Platinum's (Eastplats)’ subsidiary, Barplats Mines, has been authorised to operate its tailings retreatment project at the Crocodile River mine at a reduced capacity and to transport and export the chrome concentrate produced by the retreatment project,... 

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