https://www.miningweekly.com
R/€ = 19.34 Change: -0.01
R/$ = 16.33 Change: 0.00
Au 1950.30 $/oz Change: -3.63
Pt 929.31 $/oz Change: -12.47
 

Base Metals News

Anglo Australian raises cash

By: Esmarie Iannucci     18th September 2020 Gold and base metals explorer Anglo Australian Resources will raise A$11-million in a single tranche placement to fund exploration at the Mandilla gold project, in Western Australia. Anglo Australian will issue some 64.7-million shares, at a price of 17c each to sophisticated and professional... 

Pacifico fully funded to FID

By: Esmarie Iannucci     18th September 2020 ASX-listed Pacifico Minerals will raise A$12-million through a share placement and share purchase plan (SPP), allowing the company to complete a definitive feasibility study (DFS) and take a final investment decision at its Sorby Hills lead/silver/zinc project, in Western Australia. Pacifico on... 

‘No politics’ in Pebble review, says Trump

By: Mariaan Webb     17th September 2020 TSX- and NYSE American-listed Northern Dynasty’s stock rose sharply on Thursday, after US President Donald Trump vowed that there would be “no politics” in the review process of the Pebble copper/gold mine in Alaska. “Don’t worry, wonderful and beautiful Alaska, there will be no politics in the... 

‘No politics’ in Pebble review, says Trump

FQM’s Zambian copper mine exceeds production targets

By: Simone Liedtke     17th September 2020 Canadian metals and mining company First Quantum Minerals’ (FQM’s) Sentinel openpit copper mine, in Zambia, has exceeded its production targets for July and August. This strong performance was attributed to consistent milling rates and better-than-expected grades in August, the company said in a... 

Teck switches to renewables at Chile copper mine

By: Mariaan Webb     17th September 2020 Canadian miner Teck Resources on Thursday announced that it would switch to renewable power at its Carmen de Andacollo copper mine, in Chile. Chilean affiliates, Compañía Minera Teck Carmen de Andacollo (CdA) and AES Gener entered into a long-term power purchase agreement to provide 100%... 

Teck switches to renewables at Chile copper mine

Stillwater West could be a leading US source of key metals, says Group Ten

By: Mariaan Webb     17th September 2020 Exploration and development company Group Ten is continuing to advance its Stillwater West project, in Montana, which it believes has the potential to be a leading US-based source of key battery metals and platinum group metals (PGMs). The company is targeting bulk-tonnage deposits of... 

Mincor gives green light to Kambalda

By: Esmarie Iannucci     17th September 2020 The board of ASX-listed Mincor Resources has approved the development of the A$68-million Kambalda nickel operation, in Western Australia, after securing a A$55-million project debt facility from two tier-1 international banks. The credit approved term sheet with BNP Paribas and Societe Generale... 

First Quantum does not expect further Covid disruptions at its mines

By: Mariaan Webb     16th September 2020 With the Cobre Panama mine back at full production following an earlier Covid-19-related shutdown, Toronto-listed miner First Quantum does not expect any further disruptions related to the pandemic, with precautionary measures in practice at all its operations. The Cobre Panama mine, which was... 

First Quantum does not expect further Covid disruptions at its mines
The Cobre Panama plant

CAML defers dividend decision pending clarity on tailings leak

By: Mariaan Webb     16th September 2020 London-listed Central Asia Metals has deferred its dividend decision and is reviewing its zinc and lead production guidance, after a tailings storage facility leak earlier in the week at its Sasa facility, in Northern Macedonia. The company planned to reinstate its dividend, but has now delayed... 

 CAML defers dividend decision pending clarity on tailings leak
The Sasa operation in Northern Macedonia

Russia considers mineral extraction tax rise, Kremlin says no decision

By: Reuters     16th September 2020 Russia is considering tripling the mineral extraction tax on metals and fertiliser producers as Moscow seeks ways to raise revenues, industry sources told Reuters on Wednesday, although the Kremlin said no decision had yet been taken. The tax rise under review, which would affect firms including... 

US to remove tariffs on Canadian aluminum, Ottawa drops threat of retaliation

By: Reuters     16th September 2020 The Trump administration said on Tuesday it will remove 10% US tariffs on raw Canadian aluminum as long as imports of the metal stay below levels that are expected to "normalise" over the next four months. In response, Canada dropped a threat to impose billions of dollars of retaliatory... 

Freeport does not want to be 'distracted' by buyout offers, CFO says

By: Reuters     16th September 2020 Freeport-McMoRan does not want to be distracted by any buyout offers and is focused on expanding its Grasberg copper-and-gold mine in Indonesia and boosting cash flow, CFO Kathleen Quirk said on Tuesday. Executives at rival miner Barrick Gold have openly talked in recent months about their... 

Kansanshi reserves rise 70%, sets the stage for potential restart of S3 expansion

By: Marleny Arnoldi     15th September 2020 The mineral reserve at TSX-listed First Quantum Minerals' Kansanshi mine, in Zambia, has increased by 70% to an estimated 842-million tonnes, grading 0.64% copper, while the mine's mineral resource has increased by 40% to an estimated 939-million tonnes, grading 0.67% copper. This compares with... 

Australia aluminum sector in fight for survival, industry warns

By: Bloomberg     15th September 2020 Australia’s aluminum smelters are being priced out of the global market due to high energy costs, with closures looming unless they can find a pathway to cheaper power, according to the head of an international producer body. The warning comes as smelters across the globe are under pressure from... 

Australia aluminum sector in fight for survival, industry warns

Codelco reaches contract agreement with El Teniente supervisors

By: Reuters     15th September 2020 Chile's State-owned copper miner Codelco said on Monday it had reached a contractual agreement with the supervisors' union at El Teniente mine, reflecting the new constrained realities of the industry following the economic blow dealt by the Covid-19 pandemic. The company said in a statement the... 

PEA outlines underground expansion extending Santa Rita to 34 years

By: Simone Liedtke     15th September 2020 A preliminary economic assessment (PEA) has confirmed the low-cost and long-life potential of Atlantic Nickel and Appian Capital Advisory's Santa Rita nickel/copper/cobalt mine, in Brazil. The PEA outlines a 34-year mine life, which includes a transition to underground mining after 8 years of... 

PEA outlines underground expansion extending Santa Rita to 34 years

Jubilee's Zambia mining licence renewed

By: Marleny Arnoldi     14th September 2020 Aim- and AltX-listed Jubilee Metals’ application for the renewal of a small-scale mining licence in Kabwe, Zambia, has been granted by the Zambian Minister of Mines and Mineral Development. The licence is in respect to lead, zinc, copper and cobalt and has been renewed for ten years.  

Clean TeQ to separate Sunrise Dam from water division, reviews Toronto listing

By: Mariaan Webb     14th September 2020 Dual-listed Clean TeQ, which is developing the Sunrise Dam cobalt-rich nickel deposit in Australia, has announced that it is considering separating its water division from its mining division and that it would also review its secondary listing on the Toronto exchange. The company, which has a... 

Copper’s outlook buoyant as demand increases

By: Natasha Odendaal     14th September 2020 Fitch Solutions Country Risk and Industry Research has adjusted its 2020 copper price forecast upwards from $5 900/t predicted in March to $6 000/t as demand is supported by the Chinese government’s stimulus and recovery in global economic activity. In its outlook for copper prices update, the... 

Sorby Hills clears NAIF hurdle

By: Esmarie Iannucci     14th September 2020 The Northern Australian Infrastructure Facility (NAIF) has progressed the Sorby Hills lead/silver/zinc project, in Western Australia, to the due diligence stage. Project owner Pacifico Minerals on Monday announced that the NAIF had completed its strategic assessment of the project. 

$2.1bn Norilsk fuel spill claim points to growing ESG risks, says Fitch Ratings

By: Mariaan Webb     14th September 2020 The $2.1-billion environmental damage that Russia has claimed from major Norilsk Nickel (Nornickel) for a fuel spill in the Arctic indicates growing environmental, social and governance- (ESG-) financial exposure of commodity companies operating in the emerging markets, says Fitch Ratings. In a... 

$2.1bn Norilsk fuel spill claim points to growing ESG risks, says Fitch Ratings
Nornickel spill clean up under way in June 2020

Franco-Nevada advances $100m to SolGold

By: Creamer Media Reporter      14th September 2020 Gold-focused royalty streaming company Franco-Nevada on Friday advanced $100-million to dual-listed developer SolGold under a net-smelter royalty finance agreement (NSR). The funding, which was first announced in May, would be used to advance the Alpala copper/gold project through to a final... 

Congo says it will reimburse VAT to mining companies after audit

By: Reuters     14th September 2020 Congo said on Saturday it will reimburse value-added tax payments to mining companies operating in the country following an audit to determine how much it owes them, after a backlash over an earlier decision to stop payments. Africa's top copper producer has suspended the VAT on mining imports... 

Ivanhoe Mines continues work on project portfolio

By: Simone Liedtke     11th September 2020 Canadian mining firm Ivanhoe Mines is in the process of updating its figures for an updated bankable feasibility study (BFS) and phased development plan for the preliminary economic assessment (PEA) for its South African Platreef operation. The updated BFS and PEA should be published within the... 

Deep-South doubles private placement offering

By: Marleny Arnoldi     11th September 2020 TSX-V-listed Deep-South Resources has advised that its recently announced nonbrokered private placement is oversubscribed and that the company will therefore increase the offering to $2-million, up from $1-million. The company will proceed with a first closing on September 16.  

Pandemic puts strain on Zambian mining sector

By: Mc'Kyla Nortje     11th September 2020 Amid the challenges facing the Zambian mining industry, partially because of Covid-19, government has committed to waiving penalties and interest on the late payment of taxes, explains advisory firm KPMG Zambia tax partner Michael Phiri. The Central Bank has also set aside about R9-million, which... 

Pandemic puts strain on Zambian mining sector
MICHAEL PHIRI Should the Covid-19 pandemic continue into 2021/22, a different marketing strategy using information technology solutions would need to be adopted

Complex legislation may hinder investment

By: Mc'Kyla Nortje     11th September 2020 Despite the Zambian government’s programme to diversify the economy – into such sectors as tourism and agriculture – the mining and natural resources sector, particularly the copper mines, remain the most substantial potential contributor to growth and development in Zambia, says law firm Beech... 

Complex legislation may hinder investment
INVESTOR CONVIDENCE The primary concerns for investors in Zambia are the complexities surrounding mining law, constrained infrastructure, as well as unreliable electricity supply

Battery metals to boom despite widespread Covid-19 disruption

By: Donna Slater     11th September 2020 Battery metals, which are used in modern energy efficient electrical products, are playing an increasingly important role in climate change mitigation and the shift towards a lower carbon-intensive future. Battery metals, including lithium, vanadium, copper, cobalt, nickel, lead and graphite are... 

Battery metals to boom despite widespread Covid-19 disruption

Zambia should capitalise on future copper prices, says chamber

By: Mc'Kyla Nortje     11th September 2020 As copper is a major component in electric vehicles (EVs), the expected boom in the EVs market should significantly increase copper demand, with EV copper consumption expected to increase by 1.7-million tonnes by 2027, according to a report commissioned by the International Copper Association.... 

Zambia should capitalise on future copper prices,  says chamber
TALENT NG’ANDWE Opportunities for establishing local mining supply chains are very limited because of the limited number of industry players

Drilling begins at Stonepark zinc project, Ireland

By: Creamer Media Reporter      10th September 2020 Canada-based junior Group Eleven has started drilling at the Stonepark zinc project, in the Limerick basin of Ireland. Stonepark is a joint venture between Group Eleven and Irish explorer Arkle Resources, which trades in London. The drill programme at Stonepark will consist of two step-out... 

South Africa's mining output declines 9.1% y/y in July

By: Simone Liedtke     10th September 2020 Mining production decreased by 9.1% year-on-year in July, with the largest negative contributors being other nonmetallic minerals and chromium ore sector. Other non-metallic minerals contributed -2.8 percentage points to the decline with an overall decrease of 44.9% in output, while chromium ore... 

Turquoise Hill shares tank on Oyu Tolgoi funding announcement

By: Mariaan Webb     10th September 2020 The share price of TSX- and NYSE-listed Turquoise Hill plunged on Thursday, as controlling shareholder Rio Tinto announced that a Turquoise Hill rights issue would be needed for the Oyu Tolgoi underground project, in Mongolia. The company's stock fell 22% in Toronto following the announcement,... 

Turquoise Hill shares tank on Oyu Tolgoi funding announcement

BHP links bonuses to climate plan, sets medium-term targets

By: Mariaan Webb     10th September 2020 Diversified major BHP has set medium-term targets for reducing greenhouse emissions, announcing on Thursday that it would reduce emissions by at least 30% from adjusted 2020 levels by the end of this decade. The group has already established its long-term goal of achieving net zero operational... 

BHP links bonuses to climate plan, sets medium-term targets
BHP CEO Mike Henry

Russia’s richest man owns more melting Arctic than anyone

By: Bloomberg     10th September 2020 Vladimir Potanin, one of the 50 richest people on the planet, stood awkwardly on the Siberian tundra near the remote mining city of Norilsk. It had been less than a week since a spill that threatened to become one of Russia’s worst disasters in the Arctic, caused entirely by an aging fuel tank... 

Russia’s richest man owns more melting Arctic than anyone
Norilsk Nickel owner Vladimir Potanin

Sibanye-Stillwater eyes battery metals 

By: Nadine James     10th September 2020 Having started its diversification strategy by venturing into platinum-group metals (PGMs) in 2016, Sibanye-Stillwater CEO Neal Froneman says the company is now considering diversifying into battery metals. In response to a question posed during the PGMs Industry Day on September 9, he stated,... 

Sibanye-Stillwater eyes battery metals
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Hudbay upsizes offering to $600m

By: Creamer Media Reporter      10th September 2020 Metals miner Hudbay Minerals has priced an upsized offering of $600-million aggregate principal amount of 6.125% senior notes due 2029. The size of the offering was increased from the previously announced $500-million aggregate principal amount. The new notes, expected to close on September 23,... 

Pebble owner Northern Dynasty in short-seller JCAP’s sight

By: Mariaan Webb     10th September 2020 Short-seller JCAP has a new exploration and development company in its sights – Toronto-listed Northern Dynasty, which is seeking to build the contentious Pebble copper/gold project in Alaska. The company on Wednesday published a scathing report on Northern Dynasty, charging that the developer... 

Pebble owner Northern Dynasty in short-seller JCAP’s sight

Plomosas offtake secured for 2021

By: Esmarie Iannucci     10th September 2020 ASX-listed Consolidated Zinc has secured offtake agreements for 100% of the zinc concentrate production expected from its Plomosas mine, in Mexico, for 2021. The company on Thursday reported that its subsidiary Minera Latin American Zinc had executed an extension of the zinc concentrate offtake... 

1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

Copper Storage  ...    more
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