https://www.miningweekly.com
R/€ = 17.34 Change: -0.04
R/$ = 14.62 Change: -0.06
Au 1823.49 $/oz Change: 8.13
Pt 1045.50 $/oz Change: -33.00
 

Australasia News

Zimplats notes quarterly improvement in output

By: Marleny Arnoldi     Updated 26 minutes ago ASX-listed Zimplats’ production of platinum, palladium, rhodium, ruthenium, iridium and gold (6E) platinum group metals (PGMs) for the quarter ended June 30, increased by 12% quarter-on-quarter, but decreased by 5% year-on-year,. Specifically, the company produced 70 688 oz of platinum, 59 544... 

Anglo working towards collaborative decarbonised energy advance across South Africa  

By: Martin Creamer     Updated 39 minutes ago Anglo American, which will have all of its South American operations on renewable energy by the end of next year, is working towards trying to achieve a collaborative multi-company government- and Eskom-linked decarbonised energy advance across South Africa. Speaking to Mining Weekly in a Zoom... 

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

Glencore lowers full-year coal, nickel output guidance

By: Marleny Arnoldi     Updated 2 hours 8 minutes ago Diversified miner Glencore expects to meet the $3.2-billion top end of its full-year earnings before interest and taxes guidance owing to a strong performance from the company’s marketing business. This was despite the company reporting only modest increases year-on-year in copper production,... 

Glencore's Koniambo operation, in New Caledonia
Glencore's Koniambo operation, in New Caledonia

Ancient sites, sacred snake raise risks for Australian resources

By: Bloomberg     Updated 2 hours 59 minutes ago Sacred sites, endangered sawfish and mythical rainbow serpents are the latest challenges confronting commodities powerhouse Australia as the nation’s top mining companies meet for their biggest annual conference. Since the destruction last year by Rio Tinto Group of a 46 000-year-old Aboriginal... 

A generic image of an openpit mining operation.

Encounter to spin out gold assets

By: Esmarie Iannucci     Updated 6 hours ago Junior Encounter Resources on Friday unveiled plans to demerge its subsidiary Hamelin Gold into a separately listed entity, holding its West Tanami gold assets. The company told shareholders on Friday that the demerger would attract stronger investor attention and valuation as a standalone,... 

Origin warns of impairment on electricity prices

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed Origin Energy has warned of a A$1.5-billion post tax impairment charge in the 2021 financial year, relating to its Energy Markets division and its generation assets. Furthermore, tax expenses of A$669-million will be reported relating to a deferred tax liability, reflecting the... 

Allegiance raises A$30m for Alabama coal buy

By: Esmarie Iannucci     30th July 2021 ASX-listed Allegiance Coal will acquire US-based family owned Black Warrior Minerals (BWM), which owns the BWM mine in Alabama, having completed a A$30-million capital raise. Under the terms of the agreement, Allegiance would purchase the BWM mine for $4-million in cash and would replace the... 

Western Areas unveils ten-year production plans

By: Esmarie Iannucci     30th July 2021 Nickel miner Western Areas has unveiled production plans for the next decade. In the 2022 financial year, the miner expects to produce between 16 000 t and 17 000 t of nickel in concentrate at unit costs of between A$4.25/lb and A$4.65/lb. 

Qld invests in exploration

By: Esmarie Iannucci     30th July 2021 The Queensland government has awarded A$2.5-million in funding to 16 local companies to support mineral exploration work in the region. “New economy minerals are powering the global energy transition, and we need to make sure Queensland is capitalising by allowing enterprising explorers to seek... 

OceanaGold posts golden quarter

By: Esmarie Iannucci     30th July 2021 Dual listed gold miner OceanaGold has reported an increase in gold production and revenue for the quarter ended June, compared with the first quarter. Gold production in the second quarter reached 93 848 oz, compared with the 83 191 oz produced in the previous quarter, taking half-year... 

Govt expands ARENA footprint

By: Esmarie Iannucci     30th July 2021 The resources sector has welcomed the federal government’s decision to expand the functions of the Australian Renewable Energy Agency (ARENA) to support the next generation of low emissions technologies that will reduce emissions and create new economic opportunities and jobs. New regulations... 

Image shows the Australian coat of arms

Fortescue's FFI strikes hydrogen deal in India

By: Esmarie Iannucci     30th July 2021 Iron-ore major Fortescue’s green energy arm, Fortescue Future Industries (FFI) has entered into a framework agreement with JSW Future Energy, a wholly owned subsidiary of Indian power producer JSW Energy, to explore opportunities to develop green hydrogen projects in India. Under the agreement,... 

BHP adds solar panels to nickel ops

By: Esmarie Iannucci     30th July 2021 Diversified miner BHP on Friday reported that it would build two solar farms and a battery storage system to help power the Mt Keith and Leinster nickel operations. The Northern Goldfields solar project would include a 27.4 MW solar farm at Mt Keith and a 10.7 MW solar farm and 10.1 MW battery... 

Anglo on trajectory towards becoming minerals solutions provider  

By: Martin Creamer     29th July 2021 Diversified mining and marketing company Anglo American, which shot the lights out on Thursday with the presentation of an all-time record set of half-year results, is on its way to becoming a minerals solutions provider rather than a digger of holes. The London- and Johannesburg-listed Anglo is... 

Picture for presentation of results July 2021
Anglo American results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

De Beers bounces back to 2019 levels with outstanding performance  

By: Martin Creamer     29th July 2021 Global consumer demand for diamonds continued to recover from the impact of Covid, supported by fiscal stimulus in the US and the roll-out of vaccines, De Beers Group said on Thursday when it was credited with helping Anglo American to achieve an all-time record half-year, a period in which De... 

Picture used with video interview of De Beers CFO
De Beers Group CFO Sarah Kuijlaars interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Lynas gets relief from Malaysian court in licence renewal case

By: Reuters     29th July 2021 Australia's Lynas Rare Earths said on Thursday a Kuala Lumpur court had dismissed a lawsuit challenging Malaysia's decision to renew the company's operating license. Malaysia in August 2019 extended a licence to Lynas' rare earths processing plant on the condition that it build a permanent... 

Lynas gets relief from Malaysian court in licence renewal case

EcoGraf's expansion plans raise interest

By: Esmarie Iannucci     29th July 2021 The Australian government’s export credit agency Export Finance Australia has given ASX-listed EcoGraf a non-binding letter of support to secure a $35-million loan facility for the planned expansion of its battery anode material facility, in Western Australia. Production capacity for EcoGraf’s... 

World-beating Anglo reports record half-year earnings of $12.1bn 

By: Martin Creamer     29th July 2021 Diversified mining company Anglo American on Thursday reported a record half-year financial performance in its position as the best of the world’s top-five global mining companies. Anglo calculates that its elevated global position is poised to continue, assisted by its superior depth, breadth... 

Picture from Anglo American
Anglo American CEO Mark Cutifani

BlackEarth given port access in Madagascar

By: Esmarie Iannucci     29th July 2021 BlackEarth Minerals on Thursday confirmed that it had secured port access in Madagascar to export graphite concentrate from its Maniry project. The Port d’Ehoala SA (POE) had confirmed that BlackEarth had the right to initially export up to 30 000 t of graphite concentrate, with a provision to... 

Red River posts solid quarter

By: Esmarie Iannucci     29th July 2021 ASX-listed Red River Resources has reported a solid quarter at its Thalanga base metals project, in Queensland. Copper production from Thalanga in the June quarter reached 3 565 t, up from the 3 068 t produced in the previous quarter, while zinc concentrate production decreased slightly from 6... 

Consumer demand for gold returning – WGC 

By: Donna Slater     29th July 2021 Despite dampened investor demand, gold investment increased in the second quarter of this year as a result of consumer investment into the commodity, with demand of 955.1 t – a 9% rise from the first quarter, the World Gold Council (WGC) reports. The WGC’s latest ‘Gold Demand Trends’ report,... 

A gold pour at Elikhulu mine
World Gold Council market intelligence manager Krishan Gopaul discusses gold’s performance in the second quarter of this year

Zinc delivers record quarter for New Century

By: Esmarie Iannucci     29th July 2021 Base metals miner New Century Resources has reported record sales for the quarter ended June, as zinc production increased and C1 costs declined. The ASX-listed miner on Thursday announced that zinc metal production for the June quarter reached 31 737 t, up 4% on the previous quarter, while C1... 

Regis reports stellar quarter as Tropicana comes on board

By: Esmarie Iannucci     29th July 2021 Gold miner Regis Resources has reported an increase in gold production for the June quarter, on the back of record production from the Duketon operations and first contributions from the recently acquired 30% stake in the Tropicana gold mine, in Western Australia. Gold production in the three... 

Resolute's output drops in June quarter

By: Esmarie Iannucci     29th July 2021 Africa-focused gold miner Resolute Resources has reported a 10% fall in gold production for the quarter ended June, compared with the March quarter. Gold poured for the three months to June reached 77 450 oz, down from the 85 668 oz poured in the March quarter, while sales declined from 83 400... 

Fortescue posts record shipments

By: Esmarie Iannucci     29th July 2021 Iron-ore major Fortescue Metals has reported record shipments of 49.3-million tonnes for the quarter ended June, while full-year iron-ore shipments exceeded guidance. “The Fortescue team has delivered excellent results for the June quarter, with record quarterly shipments of 49.3-million tonnes... 

Image shows Fortescue's iron-ore operations in the Pilbara

Computing, food tech among many new PGM opportunity areas ­– Anglo Platinum  

By: Martin Creamer     28th July 2021 The computing world is an opportunity area for platinum group metals (PGMs), along with food technology, alloy development, medical advance, waste control, battery and storage  – and that is on top of the now much-celebrated and pervasive green hydrogen feedstock phenomenon. JSE-listed Anglo... 

Picture of Natascha Viljoen from Creamer Media files.
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

AECI delivers strong performance as trading environment normalises post-Covid  

By: Simone Liedtke     28th July 2021 Diversified chemicals company AECI delivered a strong performance for the six months to June 30. The trading environment began to normalise during the second half of 2020 following the world’s recovery from the initial waves of Covid-19 infections. This improvement trend continued into this year,... 

PIC OF AECI CEO Mark Dytor
AECI CEO Mark Dytor discusses the interim period with Engineering News. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Ex Rio Tinto chief Walsh joins Aboriginal group's board

By: Reuters     28th July 2021 Sam Walsh, a former CEO of Rio Tinto, has joined the board of an Aboriginal group on whose traditional lands in Western Australia Rio Tinto and BHP Group have operations. The appointment announced by Banjima Native Title Aboriginal Corporation on Tuesday comes after a particularly fraught period... 

An image of Sam Walsh
A former CEO of Rio Tinto, Sam Walsh

Work on Isaac Downs to start next month

By: Esmarie Iannucci     28th July 2021 Construction on the A$82-million extension of the Isaac Plains metallurgical coal mine, in Queensland, is expected to start next month. Resources Minister Scott Stewart on Wednesday announced the final government approvals and go-ahead for Isaac Downs mine, a third mine on the Isaac Plains... 

Rio posts record results

By: Esmarie Iannucci     28th July 2021 Diversified major Rio Tinto has reported record financial results for the six months to June, with sales revenues up by 71% on the previous corresponding period, and underlying earnings up 156%. “Government stimulus in response to ongoing Covid-19 pressures has driven strong demand for our... 

Nova beats IGO expectations

By: Esmarie Iannucci     28th July 2021 Metals miner Independence Group (IGO) has reported a strong finish to its 2021 financial year, with the Nova base metals project, in Western Australia, delivering above expectations. During the quarter ended June, Nova produced 7 88 7 of nickel and 3 538 t of copper, taking full year production... 

Australian Mines raises funds

By: Esmarie Iannucci     28th July 2021 ASX-listed Australian Mines will raise A$6.5-million in an institutional placement as it readies to produce its first precursor cathode active material (P-CAM) from its pilot processing facility. The company has received firm commitments for the placement of 342.1-million new shares, at a price... 

Capricorn invests in new gold

By: Esmarie Iannucci     28th July 2021 ASX-listed Capricorn Metals has inked an acquisition agreement over the Mt Gibson gold project, in Western Australia. Under the terms of the agreement, Capricorn would pay A$39.6-million for the Mt Gibson tenements, consisting of A$25.6-million in cash, a further A$14-million to seller Avenger... 

Bowen's scoping studies prove up

By: Esmarie Iannucci     28th July 2021 Scoping studies into the Broadmeadow East and Isaac River opencut coking coal projects, in Queensland, has proven positive for junior Bowen Coking Coal. The ASX-listed company on Wednesday reported that the results of a first stage independent scoping studies have indicated a run of mine (ROM)... 

Bayu-Undan beats expectations - Santos

By: Esmarie Iannucci     28th July 2021 Oil and gas major Santos on Wednesday reported that production from the Phase 3C infill drilling programme at the Bayu-Undan field had begun with the first well producing better than expected. The first well has been brought online at 178-million standard cubic feet per day of gas and 11 350... 

WestStar wins work at Iron Bridge

By: Esmarie Iannucci     28th July 2021 Industrial services company WestStar Industrial’s engineering contractor business SIMPEC has been awarded a A$145-million contract to construct the wet processing plant at iron-ore major Fortescue’s Iron Bridge magnetite project, in Western Australia. The wet processing plant will be central to... 

Jervois completes first part of funding drive

By: Esmarie Iannucci     28th July 2021 Triple-listed Jervois Mining has raised some A$136-million following the completion of an institutional placement and the institutional component of its entitlement offer. The company earlier this week announced a A$313-million equity raise comprising an A$87-million institutional placement and... 

St Barbara's performance stays stable

By: Esmarie Iannucci     28th July 2021 Gold miner St Barbara has reported a steady quarter of production in the three months to June, despite its Simberi operation, in Papua New Guinea being shut down for nearly half the quarter following a fatality in May. Group told production in the June quarter reached 82 698 oz, compared with... 

1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Latest News: Africa and Europe

Latest News: Americas

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close