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Base Metals News

Colombia's shelving of environmental licence to delay AngloGold project

By: Reuters     Updated 2 hours 14 minutes ago AngloGold Ashanti's Quebradona copper project in Colombia will be delayed by the shelving of an environmental permissioning process, a company spokesperson said on Tuesday. Colombia's environmental licensing authority announced the decision to shelve the request - rather than accept or reject it... 

Provisional liquidator of Zambia's KCM denies theft, money laundering

By: Reuters     Updated 5 hours ago The state-appointed provisional liquidator of Zambia's Konkola Copper Mines (KCM) on Tuesday appeared in court and denied charges of money laundering and the theft of 4.4-million Zambian kwacha ($257 450). Zambia's Drug Enforcement Commission, which also handles money-laundering cases, last month... 

Sibanye-Stillwater pushes ‘green’ metals strategy with $1bn nickel/copper buy 

By: Mariaan Webb     Updated 7 hours ago Precious metals major Sibanye-Stillwater on Tuesday announced its fourth transaction in the battery metals sector, with the $1-billion acquisition of the Santa Rita nickel mine and the Serrote copper mine, in Brazil, from private-equity fund Appian Capital Advisory. Santa Rita is a big... 

An image of a copper mine plant
The plant at the Serrote copper mine.

AIC raises cash for Eloise buy

By: Esmarie Iannucci     Updated 7 hours ago ASX-listed AIC Mines has completed a A$40-million capital raise to fund the acquisition of the Eloise copper mine, in Queensland. AIC on Tuesday announced that it had issued some 160-million shares at a price of 25c each, and had welcomed a number of new institutional investors to its share... 

Colombia environmental authority shelves AngloGold licensing request

By: Reuters     26th October 2021 Colombia's environmental licensing authority has shelved a permissioning process for AngloGold Ashanti's Quebradona copper project, the authority said on Monday. The decision was taken "following a technical, rigorous and comprehensive evaluation of the environmental impact study, of what was... 

Mining firms seek 'stability' for sector in new Chilean constitution

By: Reuters     26th October 2021 Mining companies operating in Chile will deliver a proposal document to the elected assembly drafting a new constitution for the world's largest copper producer, an industry association said on Monday, seeking stability for the sector. The National Mining Society (Sonami) said the proposal... 

Baita Plai production increase delayed

By: Mariaan Webb     25th October 2021 UK-headquartered Vast Resources has pushed back the start date of planned higher production volumes at its Baita Plai mechanised mine, in Romania, citing labour constraints, geotechnical challenges and supply chain issues. The company said that the fundamentals of the mechanised mine plan... 

Kefi ready to restart Tulu Kapi project after security incident

By: Simone Liedtke     25th October 2021 Gold and copper explorer and developer Kefi Gold and Copper has reached a positive resolution to the recent security situation at the company's Tulu Kapi gold project, in Ethiopia. The resolution follows security issues that arose during September, which led security authorities to request a... 

Sibanye-Stillwater in talks to buy Brazil nickel and copper assets 

By: Mariaan Webb     25th October 2021 Precious metals miner Sibanye-Stillwater is in talks to buy nickel and copper assets in Brazil, as it looks to step up supplies of raw materials that are key to the transition to low-carbon energy sources. The South Africa-based miner on Monday confirmed that it was in negotiations with... 

An image of the Santa Rita openpit
The Santa Rita operation, in Brazil

Aeris coy on Cobar talks

By: Esmarie Iannucci     25th October 2021 Junior Aeris Resources has refused to be drawn into discussions on whether it was vying for diversified miner Glencore’s Cobar copper mine, in New South Wales. Reports emerged this week that Aeris was competing with fellow-listed 29Metals to acquire the Glencore assets, with Aeris acknowledging... 

Meet the metals hunter who wants to make it big in Ecuador

By: Bloomberg     25th October 2021 Mining industry veteran Malcolm Norris says he’s struck upon a gold-copper resource in northern Ecuador that may make the world’s resources giants sit up and take notice. Norris has seen a surge in interest from institutional investors in the El Palmar project since his exploration company... 

Vale resumes operations at Salobo copper mine

By: Reuters     25th October 2021 Brazilian miner Vale has resumed operations at its Salobo copper mine, which were suspended on October 5 due to a fire that affected a conveyor belt, it said on Friday. Vale said in a securities filing that it expects to ramp up its copper concentrate output in Salobo by Octobe 25, adding that... 

US appeals court hints at support for Rio's Resolution copper mine

By: Reuters     25th October 2021 A US appeals court on Friday questioned whether it had the power to override an act of Congress that gave Rio Tinto land in Arizona for its Resolution copper mine, which has been challenged by Native Americans. "It'd be nice if Congress or someone would make more sense out of this," said US... 

An image of people inspecting the Resolute operation

Zijin opens Serbian copper and gold mine

By: Reuters     22nd October 2021 China's Zijin Mining began operations at a new Serbian copper and gold mine expected to make the Balkan country Europe's second-largest copper producer. The Cukaru Peki upper zone of the Timok copper and gold project is part of Serbia's only copper mining complex, the RTB Bor operation owned by... 

The Cukari Peki upper zone of the Timok project is part of Serbia's only copper mining complex, the RTB Bor operation owned by Zijin.
The Cukari Peki upper zone of the Timok project is part of Serbia's only copper mining complex, the RTB Bor operation owned by Zijin.

Metals rebound as world's energy crisis keeps roiling the market

By: Bloomberg     22nd October 2021 Base metals were mostly higher, paring a weekly slump, as the global energy crisis kept roiling the energy-intensive sector. The global energy shortage, fueled by record coal and gas costs, has forced metal output cuts from China to Europe, depleting inventories. Freeport-McMoRan, the world’s... 

Metals rebound as world's energy crisis keeps roiling the market

Codelco reaches union agreement with Salvador mine

By: Reuters     22nd October 2021 Chile's State-owned Codelco, the world's largest producer of copper, said on Thursday it had reached an agreement with its labor union at its small Salvador mine. Codelco said it had reached a 36-month agreement that will not include salary adjustments, but will include a bonus of $4 980 for... 

NorZinc’s Prairie Creek targets 261Mlb/y of zinc-equivalent

By: Mariaan Webb     22nd October 2021 TSX-listed NorZinc is starting on an updated definitive feasibility study for its Prairie Creek project, in the Northwest Territories, Canada, having completed a positive preliminary economic assessment (PEA). The PEA incorporates an updated mineral resource estimate of 9.8-million tonnes at... 

Low global copper supply imperils climate goals, Freeport CEO says

By: Reuters     22nd October 2021 Low global supplies of copper - a key metal used in wiring, electric vehicles and other electronics - will crimp global climate ambitions unless regulators green light more mines, the chief executive of Freeport-McMoRan said on Thursday. The warning comes as global leaders plan to discuss... 

Freeport CEO Richard Adkerson
Freeport CEO Richard Adkerson

Consolidated signs offtake for Mexican zinc mine

By: Esmarie Iannucci     22nd October 2021 ASX-listed Consolidated Zinc has signed an offtake agreement for all of the zinc concentrate produced at its Plomosas project, in Mexico, for the entirety of 2022. Latin American mining company Industrias Penoles S.A. de C.V. has exercised its option to purchace all of the zinc concentrate from... 

Solutions on offer for entire mining chain

22nd October 2021 From the beginning of mining operations to the end-of-life, distributor of bearings, power transmission and allied products in Southern Africa Bearings International (BI) has products that service the entire mining value chain.  

A picture of a conveyor application for mining
ABB TAIL GEAR REDUCER Used in critical conveyor applications, feeding coal into the wash plant

Covid-19 successes owed to industry collaboration – Baxter

22nd October 2021 The close bonds of cooperation and collaboration between South Africa’s mining industry and its stakeholders pushed it to the forefront of the battle against the Covid-19 pandemic, says Minerals Council South Africa CEO Roger Baxter, adding that the industry continues to lead the way through... 

An image of Minerals Council South Africa CEO  Roger Baxte
ROGER BAXTER

Russia to test air quality monitoring on Nornickel with view to going nationwide

By: Reuters     21st October 2021 Russia will start testing a potentially nationwide real-time system to monitor air quality at metals giant Nornickel's base in the industrial Arctic city of Norilsk next year, the company and a government official said on Thursday. Nornickel, the world's leading nickel and palladium producer,... 

An image of Russia's Arctic city of Norilsk

BHP studies the potential for using nickel mine waste to capture carbon

By: Reuters     21st October 2021 BHP Group is looking at the potential to use the waste from its Australian nickel mining operations to capture and store carbon and will conduct field trials this financial year. It is also harnessing new technologies to look deeper underground for minerals critical to the energy transition like... 

An image of Laura Tyler
BHP chief technical officer Laura Tyler

No zero carbon without green hydrogen, US pledging $1/kg coal-parity price 

By: Martin Creamer     21st October 2021 The world will be unable to meet its zero-carbon targets without the introduction of green hydrogen solutions, says Plug Power chief strategy officer Sanjay Shrestha, at a time when the US has launched a programme to cut the cost of clean hydrogen by 80%. Nasdaq-listed Plug Power, a pure play... 

Creamer Media Screenshot
Photo by Creamer Media
Plug Power chief strategy officer Sanjay Shrestha

Diamonds, iron-ore drive 2% rise in Anglo American's third-quarter output  

By: Simone Liedtke     21st October 2021 Diversified miner Anglo American achieved a 2% increase in production for the third quarter, ended September 30, which CEO Mark Cutifani largely attributed to planned higher rough diamond production at its De Beers subsidiary, as well as increased production from the Minas-Rio iron-ore project,... 

A photo of Mark Cutifani, CEO of Anglo American
Photo by Bloomberg
Anglo American CEO Mark Cutifani

Australia faces export tariffs if net zero not endorsed, warns minister

By: Reuters     21st October 2021 Australia risks having tariffs imposed on its exports if it fails to adopt a target of net zero carbon emissions by 2050, a senior government minister said on Tuesday, as the country's ruling coalition struggles to unite on the issue. Prime Minister Scott Morrison has said he hopes to present... 

US plan would block Antofagasta Minnesota copper mine

By: Reuters     21st October 2021 The US Forest Service on Wednesday proposed a 20-year ban on mining in Minnesota's Boundary Waters region, a step that would block Antofagasta's Twin Metals copper and nickel mine project. The announcement reversed a decision by former President Donald Trump and set off a review of how mining... 

An image of a nature landscape

Vale to slow down iron-ore production in Q4 due to low prices

By: Reuters     20th October 2021 Brazilian miner Vale said on Tuesday it was slowing down production of low-margin iron-ore in the fourth quarter by about four-million tonnes due to low prices, and could cut back output in 2022 if prices did not rise. Vale said in a securities filing that iron ore output for the year is now... 

Rio continues bauxite partnership in Canada

By: Esmarie Iannucci     20th October 2021 Mining giant Rio Tinto has renewed its partnership with the Université du Québec à Chicoutimi (UQAC), in Canada, for another three years. The miner this week said that it would commit more than $2-million over the next three years to continue research and development (R&D) in bauxite and... 

Savannah produces first concentrate

By: Esmarie Iannucci     20th October 2021 ASX-listed Panoramic Resources has produced the first nickel/copper/cobalt concentrate from its Savannah processing plant, in Western Australia, some three weeks ahead of schedule. “It’s fantastic to see the careful planning and hard work undertaken over the past 12 months culminate in the... 

Oz Minerals adjusts gold outlook

By: Esmarie Iannucci     20th October 2021 Copper/gold miner Oz Minerals has increased its gold production expectations for the 2021 financial year, following a strong third quarter. The miner reported copper production of 33 794 t, up from the 32 681 t reported in the previous quarter, while gold production increased from 57 875 oz to... 

BHP ups the ante in Noront battle

By: Esmarie Iannucci     20th October 2021 Diversified major BHP has increased its all-cash offer for Canadian nickel developer Noront Resources C$0.75c a share, overtaking fellow suitor Wyloo Metals’ C$0.70 a share cash offer. Australian company Wyloo Metals earlier this week settled the terms of a C$0.70 a share offer for Noront, with... 

An image of an aeroplane on an ice runway in remote northern Ontario

Policy-not-law charter judgment going long way towards providing certainty – NSDV 

By: Martin Creamer     19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan ­– but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... 

Picutre supplied by NupenStaudeDeVries
NSDV mining law senior associate Muhammed Khan.

Vale halts operations at nickel mine after court order

By: Reuters     18th October 2021 Brazilian miner Vale said on Monday that it has once again halted operations at its Onca Puma nickel mine after the state of Para obtained a judicial order to reinstate the suspension of the venture's operating license. Operations at Onca Puma were first halted in early October due to alleged... 

Incentive needed for smaller end of stock exchange to survive – Miller  

By: Martin Creamer     18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... 

Creamer Media screenshot of Paul Milller during October 2021 Zoom interview.
AmaranthCX director and owner Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Pallinghurst to acquire 19.2% of Talon Metals

By: Donna Slater     18th October 2021 The Pallinghurst Group, through Pallinghurst Nickel International, on October 18 agreed to acquire 133.61-million common shares of Talon Metals Corporation at a purchase price of $0.60 apiece and an aggregate value of $80.16-million. The acquisition follows a binding private agreement with... 

UBS raises copper premium forecast

By: Marleny Arnoldi     18th October 2021 Investment banking company UBS says physical premiums for copper have spiked across regions, alongside falling exchange inventories globally, particularly in China. Copper was up 18% in October and, given the risk power curbs present to refined copper supply, UBS is raising its copper price... 

Noront and Wyloo formalise offer, BHP has right to match

By: Mariaan Webb     18th October 2021 Canadian nickel developer Noront Resources on Monday announced it had settled the terms of a proposal from Australia’s Wyloo Metals, which at C$0.70 a share in cash was deemed superior to that of BHP Billiton. The offer price is a 27% premium to the C$0.55-a-share offer from BHP to gain control... 

An image of the Ring of Fire district
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