R/€ = 19.12 Change: 0.09
R/$ = 17.41 Change: 0.22
Au 1710.90 $/oz Change: -17.20
Pt 830.71 $/oz Change: 3.65

Base Metals News

Firm directive to ensure safe mining resumption

By: Martin Creamer     23rd April 2020 The Department of Mineral Resources and Energy (DMRE) on Thursday issued a firm directive to all mining operations to ensure safe start-up procedures as the sector prepares to ramp up to 50% of capacity. Mining Weekly can report that the directive is issued to ensure compliance with Section 5(1)... 

PolyMet remains determined to build Minnesota mine

By: Mariaan Webb     23rd April 2020 TSX- and NYSE American-listed Polymet remains “determined and confident” that it would advance its copper/nickel mine on the Iron Range, Minnesota, and has this week turned to the Supreme Court to view a lower court ruling on the company’s air permit. The company is seeking to overturn a state... 

Alcoa cuts costs and output in ‘fundamentally shifted’ world

By: , Bloomberg     23rd April 2020 Alcoa is the latest commodity producer that’s cutting costs and output to mitigate the fallout from the coronavirus pandemic. The company is the top US producer of aluminum, which is found in everything from jets to iPhones and has been among the worst-performing commodities during the crisis.... 

Alcoa cuts costs and output in ‘fundamentally shifted’ world
Alcoa CEO Roy Harvey

New Century resumes share trade

By: Esmarie Iannucci     23rd April 2020 ASX-listed New Century Resources resumed share trading on Thursday after announcing the successful completion of institutional component of its entitlement offer, raising an initial A$5.1-million. The fully underwritten two-for-seven pro rata accelerated non-renounceable entitlement offer will... 

Glencore to take Katanga Mining private 

By: Mariaan Webb     22nd April 2020 Multinational commodities trader and miner Glencore will take Katanga Mining private, the TSX-listed subsidiary, which has operations in the Democratic Republic of Congo (DRC), announced on Wednesday. Shareholders will receive C$0.16 in cash for each pre-amalgamation common share held, which... 

Glencore to take Katanga Mining private

Zambia mining firms seek government relief amid coronavirus

By: Reuters     22nd April 2020 The Zambia Chamber of Mines has urged the government to urgently engage with the sector and agree relief measures to address the issues facing mining companies in the midst of COVID-19. The chamber said in a statement it had submitted a broad three-phase economic plan to the government, to... 

Post-Covid-19 EV growth to bolster copper, cobalt demand − ERG

By: Tasneem Bulbulia     22nd April 2020 The Covid-19 outbreak is poised to strengthen the electric vehicle (EV) momentum, as well as the markets for cobalt and copper, says Eurasian Resources Group (ERG) CEO Benedikt Sobotka.   He notes that the drive towards EVs has been relentless over the past few years, with tens of billions of... 

Antofagasta trims capex, sees output at lower-end of guidance

By: Mariaan Webb     22nd April 2020 Chile-based Antofagasta will spend at least $200-million less on capital expenditure (capex) this year, owing to the temporary suspension of the Los Pelambres expansion project, the deferral of sustaining and other growth capex, as well as lower mine development and a weaker Chilean peso.... 

Antofagasta trims capex, sees output at lower-end of guidance
Antofagasta CEO Ivan Arrigada

Central Asia Metals mulls renewables opportunities, releases inaugural sustainability report

By: Simone Liedtke     22nd April 2020 London-listed Central Asia Metals (CAML), which produces base metals essential for modern living, has commissioned independent consultants to conduct feasibility studies on the potential of building a renewable energy plant at its Kounrad operation, in Kazakhstan. The studies will consider the... 

Central Asia Metals mulls renewables opportunities, releases inaugural sustainability report
Central Asia Metals' Kounrad operation, in Kazakhstan.

Lundin says no material damage from Sweden underground fire

By: Creamer Media Reporter      22nd April 2020 The fire that broke out underground in the Zinkgruvan mine, in Sweden, has not resulted in any material damage and operations in the unaffected areas of the copper and zinc mine have resumed. Surface operations are also continuing and scheduled maintenance of the concentrating facilities are... 

Reeling aluminum market braces for mining giant Alcoa’s outlook

By: , Bloomberg     22nd April 2020 With the coronavirus crisis clouding the outlook for almost every industry, the aluminum market is hoping to get at least a glimpse of what’s in store from top US producer Alcoa on Wednesday. Aluminum, found in everything from jets to iPhones, has been among the worst-performing commodities... 

Reeling aluminum market braces for mining giant Alcoa’s outlook

Ascendant sells Honduran mine to focus on Portugal project

By: Donna Slater     21st April 2020 TSX-listed base metals miner Ascendant Resources has entered into a share purchase agreement with Panama-based Kirungu to sell all the issued and outstanding shares of its wholly-owned Honduran subsidiary American Pacific Honduras (Ampac), which owns the producing El Mochito zinc, lead and silver... 

Teck's first-quarter adjusted profit plunges 84%

By: Mariaan Webb     21st April 2020 Canada’s largest diversified miner, Teck Resources, on Tuesday posted an 84% drop in first-quarter profit, as the coronavirus pandemic hit prices hard for the commodities that the miner produces. The TSX- and NYSE-listed company reported adjusted profit of C$94-million, or C$0.17 a share, for... 

Teck's first-quarter adjusted profit plunges 84%
Teck Resources CEO Don Lindsay

Glencore to reopen Zambia copper mines pending agreement with government

By: Reuters     21st April 2020 Glencore will reverse its earlier decision to shutter its Zambia subsidiary Mopani Copper Mines (MCM) if it reaches an agreement with the Zambian government, the company said on Monday. Glencore wanted to shutter the mine due to disruption of its operations by the coronavirus crisis and low... 

Lundin reports underground fire at Sweden mine

By: Creamer Media Reporter      21st April 2020 Canadian base metals miner Lundin Mining had to evacuate its underground personnel at the Zinkgruvan operation, in Sweden, on Monday, after a haulage truck caught fire on the 1 140 m level of the mine. There were 58 people underground at the time. All personnel were accounted for and there were... 

Independence takes major stake in New Century

By: Esmarie Iannucci     21st April 2020 ASX-listed Independence Group will take an 18.4% stake in base metals miner New Century Resources as part of that company’s A$51.1-million capital raise. New Century on Tuesday said that the capital raise will consist of a share placement and fully underwritten accelerated non-renounceable... 

Court dismisses lawsuit challenging EPA's 2019 decision on Pebble project

By: Mariaan Webb     20th April 2020 The Pebble Limited Partnership (PLP), a subsidiary of TSX-listed Northern Dynasty, is one step closer to completing the federal permitting process for its controversial gold mine in Alaska, after a US federal district court judge dismissed action brought by a collection of activist groups. The... 

Court dismisses lawsuit challenging EPA's 2019 decision on Pebble project
The Glenn Highway stands in front of the Wrangell mountains, in Alaska.

Botswana Molopo Farms Complex progressing

By: Tasneem Bulbulia     20th April 2020 Aim-listed Power Metal Resources (POW) has recorded an update in respect of the Kalahari Key Mineral Exploration (KKME) Molopo Farms Complex (MFC) project, which is targeting prospective massive nickel sulphide mineralisation in Botswana. POW has an 18.26% shareholding in Kalahari Key and has... 

Trilogy picks former Ivanhoe exec as CEO

By: Creamer Media Reporter      20th April 2020 Trilogy Metals, which has a 50:50 joint venture (JV) with global major South32 in Alaska, on Monday announced the appointment of Tony Giardini as president and CEO with effect from June 1. Giardini has been a director of Trilogy since 2012, when it was spun out of Novagold Resources as a public... 

Anglo, De Beers announce additional $3m donations for Covid relief 

By: Martin Creamer     20th April 2020 Anglo American and De Beers on Monday announced additional donations of $2-million to South Africa’s Solidarity Fund, which addresses the impacts of Covid-19, and $1-million to the Oppenheimer family’s South African Future Trust, established to support small- and medium-sized businesses through... 

Anglo, De Beers announce additional $3m donations for Covid relief
Photo by Reuters
Anglo American CE Mark Cutifani

Zambian official says Glencore reverses plan to shutter copper mines

By: Reuters     20th April 2020 Glencore told the Zambian government this week that it wants to keep operating its Zambian copper mining subsidiary Mopani Copper Mines (MCM), not shutter the operations, mines ministry permanent secretary Barnaby Mulenga said on Sunday. Glencore's decision to put MCM under "care and... 

Paul O’Neill, former Treasury chief and Alcoa CEO, dies at 84

By: , Bloomberg     20th April 2020 Paul O’Neill, whose outspokenness cost him his job as President George W. Bush’s first Treasury secretary after having led Alcoa Inc. through a period of consistent profitability, has died. He was 84. O’Neill died Saturday at his home in Pittsburgh after battling lung cancer for the last few... 

Vale slashes 2020 output forecasts, citing virus

By: Reuters     18th April 2020 Brazilian miner Vale on Friday cut its forecast for production of iron ore fines and pellets, copper and nickel in 2020, saying in a securities filing that the new coronavirus outbreak was delaying some facilities from reopening. Vale reduced its forecast for annual production of iron-ore fines... 

Vale slashes 2020 output forecasts, citing virus

Impala CE granted bail after appearance on Covid-19 charge 

By: Martin Creamer     17th April 2020 The arrest of the chief executive of Implats' Implala Platinum Rustenburg mining operations was on Friday welcomed by the Mineral Resources and Energy Parliamentary chairperson Sahlulele Luzipo, who on Thursday called on law enforcement agencies to act decisively against mining executives who... 

Impala CE granted bail after appearance on Covid-19 charge
Photo by Creamer Media
Impala Platinum Rustenburg CE Mark Munroe

Jubilee operations restart under strict Covid-19 protocols 

By: Martin Creamer     17th April 2020 Metals processing company Jubilee Metals announced on Friday that its South African operations had recommenced and it was strictly adhering to the updated lockdown regulations set out to combat the Covid-19 pandemic. Jubilee retreats mine tailings, waste, slag, slurry and other secondary... 

Sandfire posts solid March quarter

By: Esmarie Iannucci     17th April 2020 Copper/gold miner Sandfire Resources has reported a solid quarter of production during the three months to March, but has withdrawn its full year production guidance amid the Covid-19 pandemic. The miner on Friday reported that copper production for the March quarter reached 17 936 t, down... 

Acquisition enhances ability to service mining sector

By: Cameron Mackay     17th April 2020 Operations management consulting firm DuPont Sustainable Solutions (DSS) has acquired the assets of global consulting firm Lodestone Partners. The acquisition, effective as of February 29, reportedly deepens DSS’s knowledge and capacity for operational excellence, particularly in the natural... 

Acquisition enhances ability to service mining sector
DAVIDE VASSALLO The companies’ experience of working in the base metals industry enables DSS to better service this sector

Consultative approach critical for heavy-duty applications

By: Simone Liedtke     17th April 2020 Considering that manganese, a base metal, is an abrasive material and demanding on equipment, industrial and mining vibrating screens manufacturer Kwatani CEO Kim Schoepflin highlights the importance of “getting to know the ore and the application”. Consequently, a “consultative approach” is... 

Consultative approach critical for heavy-duty applications
KIM SCHOEPFLIN By establishing a relationship with a customer, Kwatani is better equipped to customise vibrating equipment solutions

Additional copper/zinc target at Kosovo mine

17th April 2020 Minerals exploration and development company Beowulf Mining in February announced that exploration company Vardar Minerals had identified an additional copper/zinc exploration target at its Mitrovica licence in northern Kosovo, resulting in Beowulf investing a further £50 000 in Vardar. The... 

Sorting solution shows potential in metals sectors

By: Cameron Mackay     17th April 2020 Ore-processing equipment supplier TOMRA Sorting Mining has provided X-ray transmission (XRT) sensor-based ore sorting technology for two local mining plant projects on the eastern limb of the Bushveld Igneous Complex, in Limpopo, which were commissioned recently. TOMRA Sorting Mining senior VP... 

Sorting solution shows  potential in metals sectors
XRT TECHNOLOGY MARKET P2E realised that sensor-based sorting, as a toll-treatment option, has benefits over DMS technology

Mechanised shaft-boring feasibility studies under way

By: Darren Parker     17th April 2020 Shaft sinking original-equipment manufacturer Herrenknecht is engaged in numerous feasibility studies with mining contractors in South Africa and other African countries, such as Zambia, for the potential use of the company’s mechanised shaft-boring machines. Herrenknecht business development... 

Mechanised shaft-boring feasibility studies under way
HITTING ROCK BOTTOM The Jansen project was the first time globally that mining shafts have been sunk successfully using only mechanical excavation

Minerals Council welcomes revised Covid-19 regulations

By: Martin Creamer     16th April 2020 The Minerals Council South Africa on Thursday welcomed the amendments to the Disaster Management Act regulations as they pertain to mining. These regulations allow a phase-up in mining capacity to 50% during the lockdown period, but with all the preventative and mitigating controls in place to... 

Minerals Council welcomes revised Covid-19 regulations
Minerals Council CEO Roger Baxter

Mining may resume at 50% capacity – Minister 

By: Martin Creamer     16th April 2020 All mining operations, excluding collieries supplying Eskom which have been permitted to operate at full capacity throughout national lockdown, may now resume at 50% capacity during the remaining lockdown days, Mineral Resources and Energy Minister Gwede Mantashe said on Thursday. Thereafter,... 

Mining may resume at 50% capacity – Minister
Photo by Veronica Creamer
Mineral Resources Minister Gwede Matashe during virtual media conference.

SolGold shortlisting traders to finalise Alpala offtake, funding support

By: Mariaan Webb     16th April 2020 Dual-listed SolGold has received strong responses from leading commodity traders to its recent invitation to submit expression of interests (EoI) for the offtake of copper/gold/silver concentrate from its Alpala project, in Ecuador. The company said the high-quality of the concentrate from its... 

BHP faces water use lawsuit brought by Chilean state

By: Reuters     15th April 2020 A Chilean environmental court said on Tuesday it would investigate a complaint brought by the government against global miner BHP over allegations of damage to the northern Punta Negra salt flat. The First Environmental Court, based in the northern Chilean city of Antofagasta, said the... 

Bluejay awarded two new Greenland exploration licences

By: Creamer Media Reporter      15th April 2020 London-listed Bluejay Mining is expanding its Greenland presence with two new exploration licences in the south of the country. The licences cover a total of 2 025 km2 near the southern tip of Greenland. The licences, to be known as the Thunderstone project, is prospective for base metals,... 

Atalaya considering options to progress Touro project

By: Mariaan Webb     15th April 2020 The Environment Department of the Xunta de Galicia has formally issued a negative impact declaration for Proyecto Touro, denying dual-listed Atalaya Mining’s application to restart copper production at the former openpit mine. The regional government turned down the project’s environmental... 

Mine shutdowns hang over market even as some look to restart

By: , Bloomberg     15th April 2020 A number of miners, including some giants of the industry, have been forced to halt or curtail production and processing as governments worldwide implement measures to stem the spread of the coronavirus. Unprecedented disruptions to operations and supply chains have thrown the outlook for... 

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