https://www.miningweekly.com
R/€ = 19.11 Change: 0.10
R/$ = 17.42 Change: 0.21
Au 1725.12 $/oz Change: -2.98
Pt 834.21 $/oz Change: 7.15
 

Base Metals News

Consolidated hopes for exemption in Mexico

By: Esmarie Iannucci     6th May 2020 ASX-listed Consolidated Zinc has applied to be exempted from the Mexican government’s decision to suspend all non-essential services until the end of May, in zones where Covid-19 cases have been identified. The miner on Wednesday said that the Aldama zone, where its process plant and the... 

Fluor achieves safety milestone at Botswana mine

By: Tasneem Bulbulia     5th May 2020 Engineering company Fluor South Africa has reached a safety milestone of two-million hours worked without a lost time injury at Cupric Canyon Capital's Khoemacau copper/silver starter project, in Botswana. Fluor was awarded the engineering, procurement and construction management contract for all... 

Fluor achieves safety milestone at Botswana mine
Khoemacau

Rio Tinto invests $10m in Canada and US efforts to fight pandemic

By: Creamer Media Reporter      4th May 2020 Diversified mining company Rio Tinto is investing $10-million in a variety of grassroots projects across Canada and the US to support local community efforts to fight Covid-19. The group’s investment is targeted at practical solutions like funding the food banks or counselling and support... 

Copper market heading for surplus in 2020 – Antofagasta chief

By: Reuters     4th May 2020 The global copper market is headed for a surplus of between 200 000 t to 300 000 t in 2020, the head of miner Antofagasta told Chilean media on Saturday, with operation halts at some mines offsetting depressed demand due to the coronavirus pandemic. Iván Arriagada, CEO of the Chilean copper... 

Copper giant Peru to gradually ease restrictions on mining sector in May

By: Reuters     4th May 2020 Peru will gradually ease restrictions on key sectors including mining and construction in May, the government said in a decree on Sunday, after activity had been virtually paralysed since mid-March by the coronavirus pandemic and a nationwide lockdown. In the decree published in the official... 

Mopani Copper Mines restarting operations for 90 days

By: Martin Creamer     3rd May 2020 Glencore-managed Mopani Copper Mines confirmed on Sunday that constructive discussions had taken place with the Zambian government and that mining operations would be restarted and a notice issued of the company’s intention to place the mining operations on care and maintenance after 90 days.... 

Mopani Copper Mines restarting operations for 90 days
Mopani Copper Mines shaft complex.

Covid-19 to have outsized impact on mining – developer

1st May 2020 The World Health Organisation (WHO) has declared the Covid-19 outbreak a pandemic and, at the time of writing, there were more than 1.3-million confirmed cases worldwide. Mining companies have been affected by Covid-19 outbreaks, and global restrictions to encourage physical distancing have meant... 

Covid-positive Impala Canada employee dies

By: Martin Creamer     30th April 2020 An employee of Impala Canada has died after testing Covid-19 positive, Implats said on Thursday. Twenty five employees tested positive at Impala Canada’s Lac des Iles operation, resulting in the mine being closed and placed on care and maintenance. 

Covid-positive Impala Canada employee dies
An ore pile at Impala Canada.

Mining production to recover somewhat in second half of this year, says Fitch Solutions

By: Donna Slater     30th April 2020 Industry analysis company Fitch Solutions Country Risk and Industry Research (Fitch) expects a relatively quick ramp up in mining operations across the world when Covid-19 lockdowns and other restrictions are lifted or relaxed. The impact of Covid-19 on mining production will be primarily felt... 

Nornickel 2020 output guidance unchanged despite weak quarter

By: Reuters     30th April 2020 Russia's Norilsk Nickel, one of the world's largest nickel producers, on Thursday reported weak first-quarter output but kept its 2020 guidance unchanged. Nornickel, which is also the world's largest palladium producer, attributed the weakness to "accumulated work-in-progress inventory" and an... 

Glencore well positioned to navigate Covid challenges – Glasenberg 

By: Martin Creamer     30th April 2020 Diversified mining and marketing company Glencore is well positioned to navigate the current challenges presented by the Covid-19 pandemic, Glencore CEO Ivan Glasenberg said on Thursday, when the London- and Johannesburg-listed company reported first-quarter production and provided a general... 

Glencore well positioned to navigate Covid challenges – Glasenberg
Photo by Blooomberg
Ivan Glasenberg

Kaz Minerals lowers 2020 capex as virus restrictions bite

By: Mariaan Webb     30th April 2020 Copper miner Kaz Minerals on Thursday announced that it would spend between $50-million and $100-million less this year on its Aktogay expansion project, as Covid-19 restrictions in Kazakhstan and elsewhere are negatively impacting on supply chains. Restrictions are also reducing the... 

Kaz Minerals lowers 2020 capex as virus restrictions bite

Panoramic cuts costs

By: Esmarie Iannucci     30th April 2020 ASX-listed Panoramic Resources has moved to temporarily reduce corporate costs in order to preserve cash. The company in April temporarily suspended operations at its Savannah nickel project, in Western Australia, amid the Covid-19 pandemic, which adversely impacted transportation, the... 

Capstone says it can weather price slump without delaying 2021 growth targets

By: Mariaan Webb     30th April 2020 The "quick mitigation measures" that TSX-listed Capstone Mining implemented have positioned the copper miner to weather the current low price environment, without delaying its 2021 growth targets, president and CEO Darren Pylot said this week. Like many others in the industry, the company will... 

Capstone says it can weather price slump without delaying 2021 growth targets

Copper miner Taseko sticking to its guns

By: Mariaan Webb     30th April 2020 Base metals miner Taseko is sticking to its production plans for 2020 and will also continue with work on its US copper project, noting that the current mine shutdowns will only exacerbate the supply deficit in the coming years. The company, which produces copper from the Gibraltar mine, in... 

Copper miner Taseko sticking to its guns
The Gibraltar pit, in British Columbia

Vale receives non-binding offers for New Caledonia assets

By: Reuters     30th April 2020 Brazilian iron-ore miner Vale has received non-binding offers for its nickel mining operations on the Pacific island of New Caledonia, an executive said in a call with analysts on Wednesday. On the call, Vale base metals chief Mark Travers said the company received the offers in late February.... 

Silver production severely damaged by lockdown measures

By: Mariaan Webb     29th April 2020 Lockdown measures to contain the spread of Covid-19 are impacting on a wide range of commodities, with silver production currently the most severely damaged by mine shutdowns. Data and analytics company GlobalData reports that, as of April 27, the equivalent of 65.8% of yearly global silver... 

Silver production severely damaged by lockdown measures

Independent review confirms magmatic nickel/copper/PGM deposit for Kavango

By: Marleny Arnoldi     29th April 2020 London-listed Kavango Resources has published a new independent technical review on the exploration potential of the company’s Kalahari Suture Zone (KSZ) project, in Botswana. Kavango is searching for “Norilsk-style” deposits in the KSZ, which the technical review has confirmed the presence of.  

World's mine workers resist quick restart amid coronavirus

By: Reuters     28th April 2020 As mining heavyweights South Africa and Peru move to lift coronavirus lockdowns, workers in deep mines are resisting going back to work without adequate protective gear and information about cases at sites, with one major union filing legal action against restart plans. The workers fear being... 

World's mine workers resist quick restart amid coronavirus
Peru's Antamina copper mine has done 600 tests for Covid-19, with 210 testing positive. About 87% of those testing positive are asymptomatic.

Morale high as Covid-masked South African miners get back to work 

By: Martin Creamer     28th April 2020 Morale is reportedly high as Covid-masked and physically distanced South African mineworkers get back to mining underground for companies that have gone the extra mile to ensure that they have been fully remunerated and host communities generously funded during the national lockdown. In a... 

Morale high as Covid-masked South African miners get back to work
Mineworkers with personal protective equipment.

DRC locks down mining city and Zambia border town

By: Reuters     28th April 2020 Democratic Republic of Congo imposed a 24-hour lockdown on the mining hub of Lubumbashi on Tuesday and was set to shut down Kasumbalesa, a border town on an copper export route, as authorities traced the contacts of a Covid-19 patient. Jacques Kyabula Katwe, governor of the mineral-rich... 

DRC locks down mining city and Zambia border town

Ivanhoe advances Kakula underground development at record pace

By: Marleny Arnoldi     28th April 2020 TSX-listed Ivanhoe Mines has now completed 13.5 km of underground development at the Kakula copper mine, in the Democratic Republic of Congo (DRC). The company is 4.2 km ahead of plan on the mine’s development. 

Ivanhoe advances Kakula underground development at record pace
Members of Kamoa-Kakula’s multi-national team of geologists and engineers that is helping to build the Kakula mine, in front of the mine’s high-grade ore stockpile.

First Quantum cuts 2020 guidance and capex

By: Mariaan Webb     28th April 2020 Canada-based copper and gold miner First Quantum has lowered its guidance for 2020 by 75 000 t of copper and 30 000 oz of gold, citing a reduction in production expectations at the Cobre Panama mine, which was temporarily idled after some workers contracted Covid-19. The TSX-listed mining... 

First Quantum cuts 2020 guidance and capex
The Cobre Panama mine.

Freeport's El Abra copper mine in Chile to scale back processing as prices plunge

By: Reuters     28th April 2020 Freeport's El Abra copper mine in Chile said on Monday it would scale back copper processing by 40% and lay off workers as global prices for the red metal plunge amid the coronavirus pandemic. The company said the plummeting copper price had put it in a "complex" situation and it would lay off... 

Opencast mines may return to 100% of capacity from May 1 – Patel

By: Martin Creamer     27th April 2020 Opencast mines are permitted to return in phases to 100% operation from May 1 but underground mines must continue at 50% of production capacity, Trade and Industry Minister Ebrahim Patel said on Saturday. Speaking during a media briefing covered by Mining Weekly on South Africa’s easing from the... 

Opencast mines may return to 100% of capacity from May 1 – Patel
Openast mines like this one may return to 100% production capacity.

Learning curve still too steep to define ‘best practice’ mining response

By: Martin Creamer     27th April 2020 The rapidly evolving Covid-19 crisis learning curve is still too steep to conclusively define what a ‘best practice’ response looks like from the mining industry, says the International Council on Mining and Metals (ICMM), which is facilitating a rapid exchange of information and knowledge to... 

Learning curve still too steep to define ‘best practice’ mining response
ICMM CEO Tom Butler

Barrick says PNG’s Porgera decision is tantamount to nationalisation

By: Mariaan Webb     24th April 2020 Global miner Barrick Gold will challenge Papua New Guinea’s decision not to extend its special mining lease (SML) for the Porgera gold mine, saying the move is tantamount to nationalisation. Prime Minister James Marape on Friday announced that Papua New Guinea had refused an application to... 

Barrick says PNG’s Porgera decision is tantamount to nationalisation
Barrick Gold CEO Mark Bristow

Proxy advisers urge Balmoral shareholders vote for Wallbridge deal

By: Donna Slater     24th April 2020 Independent proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis & Company have recommended that shareholders of explorer Balmoral Resources vote in favour of a C$110-million takeover from miner Wallbridge Mining. Through the combination, Wallbridge and Balmoral aim to form an... 

Freeport-McMoRan announces cost cuts in response to virus

By: Mariaan Webb     24th April 2020 NYSE-listed Freeport-McMoran (FCX) on Friday announced a 30% reduction in planned capital expenditure (capex) for 2020, as it unveiled a new operating plan in response to the Covid-19 pandemic and the resultant negative impact on the global economy. The group, which operates mines in North... 

Freeport-McMoRan announces cost cuts in response to virus
Freeport-McMoRan CEO Richard Adkerson

Miners will weather the year, despite Covid-19, says Fitch

By: Simone Liedtke     24th April 2020 While Fitch Solutions Macro Research has long held the view that major miners are better positioned to weather unexpected storms, grow further and tackle new challenges, the ratings agency has questioned whether this would be the case with the Covid-19 pandemic – which brings with it operational... 

Western Areas posts solid quarter

By: Esmarie Iannucci     24th April 2020 Nickel miner Western Areas has maintained its production outlook for 2020, with the company reporting a solid quarter in the three months to March. Total nickel mined during the quarter reached 5 896 t, which was in line with the 5 849 t produced in the previous quarter. Total... 

MMG sees copper output sink 20% in Q1, confirms Peru force majeure

By: Reuters     24th April 2020 MMG Ltd said on Thursday its copper output fell 20% year-on-year in the first quarter because of lower-than-planned production at the Las Bambas mine in Peru, where the miner has declared force majeure because of coronavirus-related curbs. Las Bambas is among the world's biggest copper mines and... 

New Century completes IGO placement

By: Esmarie Iannucci     24th April 2020 ASX-listed New Century Resources has completed a A$23.77-million share placement to fellow listed Independence Group, giving the metals miner an 18.4% stake in the company. The placement of 158.5-million shares, at a price of 15c each, formed part of a larger A$51.1-million capital raise for... 

Kavango continues to make progress at Botswana assets

By: Tasneem Bulbulia     23rd April 2020 London-listed Kavango Resources, which is targeting the discovery of world-class mineral deposits in Botswana has recorded recent progress across its portfolio of projects − the Kalahari Suture Zone (KSZ), the Kalahari Copper Belt (KCB) and Ditau. Ten prospecting licenses (PLs) cover a... 

Most Anglo mines around the world continuing to operate

By: Martin Creamer     23rd April 2020 Most of Anglo American’s mining sites around the world are continuing to operate, with appropriate health, hygiene and distancing measures. The diversified mining company said on Thursday that it was taking all necessary steps to ensure the security and integrity of its assets for the long term... 

Most Anglo mines around the world continuing to operate
Photo by Bloomberg
Anglo American CE Mark Cutifani

South African Q1 diamond production up 97% – Anglo 

By: Martin Creamer     23rd April 2020 Diversified mining company Anglo American reported on Thursday that its first-quarter diamond production in South Africa increased by 97% to 0.8-million carats as the final ore from the opencast Venetia mine in Limpopo was mined prior to transitioning to underground mining, Venetia’s underground... 

South African Q1 diamond production up 97% – Anglo
Photo by Creamer Media's Donna Slater
Opencast Venetria diamond mine.

Adriatic a step closer to operational mining after environmental permit RoD

By: Donna Slater     23rd April 2020 The Bosnian Federal Ministry of Environment and Tourism (FMET) has issued a positive record of decision (RoD) for the Veovaca environmental permit, UK-based exploration and development company Adriatic Metals said on Thursday. Adriatic is the owner of the Vareš mining concession in Bosnia and... 

ScoZinc closes first tranche of private placement to fund Scotia PFS

By: Donna Slater     23rd April 2020 Canadian zinc development company ScoZinc Mining has closed the first C$500 000 tranche of its previously announced nonbrokered private placement. The company placed units at C$0.30 to raise the proceeds, which it will use to complete the NI 43-101 pre-feasibility study (PFS) for the Scotia... 

1 2
3
4 5 6 7 8 9

Latest News

more

Latest Videos

more

Press Office

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
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close