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Diversified Miners News

Environmental efforts offering resource opportunities - BHP

By: Esmarie Iannucci     Updated 6 hours ago Diversified major BHP believed that global de-carbonisation efforts would hold significant opportunity for the resources sector. BHP’s Minerals Americas president Rag Udd told the World Copper Conference, in Chile, that the push across the world to decarbonize would require substantial... 

Antipa JV's exploration budget increases

By: Esmarie Iannucci     12th April 2021 The joint venture (JV) partners for the Citadel copper/gold project, in Western Australia, have increased the exploration budget for 2021 from A$13.8-million to A$24.5-million. ASX-listed Antipa Minerals on Monday reported that as a result of JV partner Rio Tinto Exploration sole funding more... 

Antipa JV's exploration budget increases

Investors oppose Rio Tinto pay report over rock shelter outrage

By: Reuters     9th April 2021 Shareholders, including Norges Bank and the Local Authority Pension Fund Forum (LAPFF), said they voted against Rio Tinto's remuneration report at its London annual meeting (AGM) on Friday. Rio Tinto in September dismissed former chief executive Jean-Sebastien Jacques and two deputies in... 

Exxaro sells Coal Central operations to Overlooked Colliery 

By: Marleny Arnoldi     9th April 2021 JSE-listed diversified miner Exxaro Resources has signed a definitive sale and purchase agreement with black-owned mining entity Overlooked Colliery for the Exxaro Coal Central (ECC) operations. This while a disposal process is ongoing for the Leeuwpan coal mine.  

Exxaro sells Coal Central operations to Overlooked Colliery
Exxaro's Leeuwpan mine

Hydrogen, thermal coal, exploration make headlines   

9th April 2021 Mining Weekly Editor Martin Creamer unpacks Canada possibly taking the lead in the use of hydrogen underground, Anglo American demerging it’s South African thermal coal operations and how South Africa could unlock its exploration potential.   

Hydrogen, thermal coal, exploration make headlines
Hydrogen, thermal coal, exploration make headlines

Rio and Turquoise Hill strike funding deal for Oyu Tolgoi

By: Esmarie Iannucci     9th April 2021 Diversified major Rio Tinto on Friday announced a binding heads of agreement (HoA) with Canadian miner Turquoise Hill Resources for an updated funding plan to complete the Oyu Tolgoi underground copper project, in Mongolia. The funding plan addresses the remaining $2.3-billion funding... 

Rio and Turquoise Hill strike funding deal for Oyu Tolgoi

Company secures local fabrication contract

By: Khutso Maphatsoe     9th April 2021 Foundry and engineering company Thos Begbie is ordering a bill of materials to begin fabrication for a contract that it secured in October 2020, under the leadership of Thos Begbie sales engineer Ethienne Erasmus. The contract is set for completion by June 2021. The company was invited to... 

Company secures local  fabrication contract
AS GOOD AS NEW The company is required to repair two bus tube bundles and fabricate four new bus tube bundles using vital copper components

Debt funding hampers promising graphite project

By: Nadine Ramdass     9th April 2021 The recent changes in Tanzanian mining legislation, combined with the dispute between gold producer Acacia Mining and the Tanzanian government, have created apprehension among investors, particularly in terms of investment in greenfield projects. However, Walkabout Resources intends to... 

Debt funding hampers promising graphite project
Measuring Graphite The Lindi Jumbo project has the highest reserve grade undeveloped graphite project currently in Africa.

Government ushers in local participation

By: Nadine Ramdass     9th April 2021 There have been multiple changes and amendments to mining legislation, with a focus on mineral beneficiation and local content to encourage local participation. The mineral beneficiation regulations, introduced in 2018 and amended in 2019, require that any person interested in beneficiating... 

Government ushers in local participation
Amalia Lui The current legislative framework has shown a positive effect and can continue to if it remains stable

Gold producer embraces sector improvements

By: Nadine Ramdass     9th April 2021 A common theme in the recent changes to Tanzanian mining legislation is an increased focus on local content and securing the needs of the country, but the focus also appears to be finding a middle ground between the expectations of foreign investors and those of Tanzanians. This is a balance that... 

Gold producer embraces  sector improvements
Tanzanian Gold uplifts community Tanzanian Gold donates 300 desks to local secondary school

Legislative changes impose challenges

By: Nadine Ramdass     9th April 2021 The changes in Tanzania’s mining legislation over the past four years, combined with the tax disputes between government and some mining companies, have made international investors wary. However, recent amendments to mining legislation show that the late President John Magufuli was attempting to... 

Legislative changes impose challenges
Warren Beech The country continues to present opportunities to potential investors

Prioritised ESG enables community growth

9th April 2021 The Covid-19 pandemic and resulting challenges have highlighted the need for companies to prioritise environmental, social and corporate governance (ESG) in order to safeguard the communities they work with, particularly in the mining industry where mines are often based in rural communities,... 

Rare earths project diversifies sector

By: Nadine Ramdass     9th April 2021 Increased interest in a green economy and critical minerals is leading to new mining and investment opportunities in Tanzania such as ASX-listed rare earths mining company Peak Resources’ Ngualla rare earths project. “The Ngualla project is based on one of the largest and highest-grade... 

Rare earths project  diversifies sector
Bardin Davis Rare earths provide Tanzanian mining sector with new opportunites

Anglo American to demerge South African thermal coal assets 

By: Martin Creamer     8th April 2021 Diversified mining and marketing company Anglo American is to demerge its South Africa thermal coal operations, the company said on Thursday. The demerger is subject to the approval of Anglo’s shareholders on May 5. Anglo American Coal South Africa CEO and World Coal Association chairperson July... 

Anglo American to demerge South African thermal coal assets
Anglo thermal coal head July Ndlovu named as CEO of Thungela Resources.

Rio's tax bill reaches $8.4bn

By: Esmarie Iannucci     8th April 2021 Mining major Rio Tinto this week revealed that it had contributed $47-billion in the countries and communities where it operates, including $8.4-billion of taxes and royalties. Despite the widespread challenges of Covid-19 in 2020, the contribution was up from the previous year, when Rio made a... 

Rio Tinto South African project in limbo on security concerns 

By: Bloomberg     7th April 2021 Rio Tinto Group’s new $463-million mining project in South Africa will remain on hold until the security problems that halted work two years ago are resolved. Richards Bay Minerals, the South African unit of Rio Tinto, is in talks with the country’s authorities to permanently address violent... 

De Beers' third diamond sales cycle nets $440m

By: Donna Slater     7th April 2021 Diversified miner Anglo American’s diamond mining business De Beers’ third sales cycle of rough diamonds for this year generated $440-million. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe as a result of the Covid-19 pandemic, De Beers... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA 

By: Martin Creamer     7th April 2021 The value of iridium for proton exchange membrane (PEM) water electrolysis technology alone could exceed R90-billion in the next ten to 20 years. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence: Hydrogen... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA
Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.

Prolonging a sunset industry

2nd April 2021 Mining is a sunset industry and no matter how deep we dig or far we go, minerals are finite, and their extraction becomes more challenging every year, says international law firm Hogan Lovells partner Wessel Badenhorst. “The Minerals Council South Africa has stated that, over the last decade,... 

Prolonging a sunset industry
WESSELS BADENHORST Without technological innovation some mineral resources cannot be mined at all

Industry changes support trend towards sustainable mining

By: Mc'Kyla Nortje     2nd April 2021 There have been several changes globally as well as in West Africa’s mining industry, with the industry steadily embracing a more sustainable approach to mining, highlights SRK associate partner principal resource geologist and country manager Ivan Doku.  Previously, mining in the region was... 

Industry changes support trend towards sustainable mining
EXPLORING NEW OPPORTUNITIES SRK Ghana is at the phase where young engineers will be drawn into multidisciplinary projects

Company aids West African miners’ Covid-19 response

2nd April 2021 Medical solutions provider Remote Medical International (RMI), which provides preventative and emergent medical services to mining and other industries, is currently aiding mining companies in Ghana and Liberia with their response to Covid-19. RMI Africa sales director Gary Oliver tells Mining... 

‘Smart Mines’ are the future

2nd April 2021 West Africa is one of the fastest growing mining regions on the continent with vast stretches of unexplored land as well as limited technology implementation, which creates many and varied opportunities for companies such as service provider Minetec Smart Mining. Minetec Smart Mining CEO Gurban... 

‘Smart Mines’ are  the future
GURBAN ZEYNALOV Minetec Smart Mining is looking to expand its geographic footprint by offering its technology solutions to midtier mining companies operating in West Africa

Investment hindered by illegal mining, other challenges

By: Mc'Kyla Nortje     2nd April 2021 While Ghana has benefited from significant long-term investment, it has also faced significant challenges over the years, the most notable being the significant and justifiable concerns regarding illegal mining operations, as well as regional security and stability, says law firm Beech Veltman... 

Investment hindered by illegal mining, other challenges
WARREN BEECH West Africa, and its institutions, such as the Economic Community of West African States, will need to continue relying on the cooperative, regional approach that has resulted in substantial benefits

Tech advancements will address productivity challanges

2nd April 2021 Although mining terrain, minerals and the earth’s surface materials may remain largely the same for years to come, the development in the technology used to extract these minerals has changed dramatically, notes Australian-based Austin Engineering in a press release last month. The company adds... 

Tech advancements will address productivity challanges
PULLING OUT ALL THE STOPS The Austin team works closely with steel manufacturers to get optimal performance, both structurally and for its abrasion-resistant properties

Rio Tinto’s next chair must navigate between China and Australia

By: Bloomberg     1st April 2021 It could be the toughest job in mining. Whoever replaces Simon Thompson as chairperson of Rio Tinto Group will face a raft of complex and problematic global issues -- not least relations with its biggest customer and shareholder, China. Thompson in March announced plans to step down at next... 

Rio Tinto’s next chair must navigate between China and Australia
Simon Thompson announced in March that he will step down at next year's annual meetings.

WA resources see record sales and job creation

By: Esmarie Iannucci     1st April 2021 The Western Australian resources sector has continued to set records in terms of revenues and sales, Mines and Petroleum Minister Bill Johnston said on Thursday. Johnston has revealed that resources sales in 2020 set a new record of A$174-billion in Western Australia, with iron-ore sales... 

South32 sweetens SA Energy Coal sale  

By: Esmarie Iannucci     1st April 2021 Diversified miner South32 has added incentive to get the sale of its South African Energy Coal operations over the line. The miner earlier this week announced that the sale of the South African Energy Coal division would be completed post the end of the March quarter, but said on Thursday that... 

South32 sweetens SA Energy Coal sale
South32 CEO Graham Kerr

Rio signs up for Japanese carbon network

By: Esmarie Iannucci     1st April 2021 Mining major Rio Tinto has joined Japan’s Green Value Chain Platform Network (GVC Network) to engage on innovative approaches to reduce Japan’s carbon footprint. The GVC Network is a collaboration established by the Japanese Ministry of the Environment to lead transparent decarbonisation efforts... 

Anglo collaborating on feasibility study for South Africa’s ‘hydrogen valley’ 

By: Martin Creamer     31st March 2021 Diversified mining and marketing company Anglo American on Wednesday announced a collaboration agreement to complete a feasibility study to develop a ‘hydrogen valley’ anchored in South Africa’s platinum group metals- (PGMs-) rich Bushveld geological area. Spearheaded by South Africa’s Department... 

Anglo collaborating on feasibility study for South Africa’s ‘hydrogen valley’
The Mogalakwena platinum group metals mine in Limpopo.

Resources Watch 

31st March 2021 This week: Master Drilling advancing mechanisation for two top-tier local clients; South Africa playing key role in hydrogen economy and, Substituting rhodium with palladium next, says Sibanye-Stillwater 

Resources Watch
Resources Watch

Council urges members to discourage employees from travelling over Easter

By: Marleny Arnoldi     30th March 2021 The Minerals Council South Africa has made certain recommendations to member companies in light of the risks that a third Covid-19 wave poses, should infections surge over the Easter long weekend and other upcoming public holidays. The council’s CEO Zero Harm Forum earlier this month held a... 

Webber Wentzel wins interdict compelling police to intervene in Limpopo, Mpumalanga community unrest

By: Marleny Arnoldi     30th March 2021 Law firm Webber Wentzel has advised of its successful endeavours to obtain community unrest interdicts for different clients operating in the mining industry. On two recent occasions involving mining operations in Limpopo and Mpumalanga, Webber Wentzel has assisted different clients operating... 

Now is time to get going on hydrogen economy opportunity – PIC 

By: Martin Creamer     30th March 2021 South Africa has got a massive opportunity to participate in the hydrogen economy and it would be a national travesty if the country failed to do so, says Public Investment Corporation (PIC) sector specialist mining, beneficiation and energy Heidi Sternberg. Mining Weekly can report that the PIC,... 

Now is time to get going on hydrogen economy opportunity – PIC
Photo by Creamer Media
From top left, clockwise, are Prakashim Moodliar, Neal Froneman, Sifiso Sibiya, Kevin Eggers and Heidi Sternberg.

Glencore shareholders to vote on climate action plan at upcoming AGM

By: Tasneem Bulbulia     29th March 2021 Shareholders of diversified miner Glencore will on April 29, during the group’s annual general meeting (AGM), be given the opportunity to vote on the approval of the ‘Climate Action Plan: Pathway to Net Zero’ report published by Glencore on December 4, 2020. The company’s climate action plan sets... 

Glencore shareholders to vote on climate action plan at upcoming AGM
Glencore chairperson Tony Hayward

South32 to settle coal business sale after March quarter end  

By: Esmarie Iannucci     29th March 2021 Diversified miner South32 was expecting to finalise the sale of its South African Energy Coal division after the end of the March quarter. The miner in November 2019 struck an agreement with a wholly-owned subsidiary of Seriti Resources Holdings, to divest of the South African Energy Coal assets... 

BHP invests A$30m in regional training

By: Esmarie Iannucci     29th March 2021 Major BHP on Monday announced that it has partnered with the Commonwealth Department of Education, Skills and Employment to create up to 1 000 new training opportunities in regional Australia. BHP will invest A$30-million in the Future of Works programme, which will help strengthen economic... 

First hydrogen and movement by third quarter – Anglo American Platinum 

By: Martin Creamer     29th March 2021 Anglo American Platinum executive head: project and environment Prakashim Moodliar has outlined what the company refers to as its smart power project, which is the development of the hydrogen fuel cell and battery-powered module, retrofitted on to a large haul truck, for deployment at the... 

First hydrogen and movement by third quarter – Anglo American Platinum
Anglo American Platinum executive head: project and environment Prakashim Moodliar.

Rio Tinto faces class action suit over Mongolia copper project

By: Reuters     26th March 2021 The largest minority shareholder in Rio Tinto's Mongolian copper project Oyu Tolgoi has filed a class action lawsuit in New York, claiming the company concealed massive cost overruns and delays. Rio Tinto said that the lawsuit is without merit. 

Rio Tinto faces class action suit over Mongolia copper project
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