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Diversified Miners News

Investors urge Rio Tinto to cut indirect emissions

By: Reuters     8th April 2022 Rio Tinto on Friday said climate change was at the heart of its new strategy, as shareholders at its first in-person annual general meeting (AGM) in two years in London demanded the miner set clear targets to cut indirect emissions. Rio Tinto recorded its best ever annual profit in 2021 and gave... 

Hydrogen, public-service reform, Zambian copper make headlines   

8th April 2022 Mining Weekly Editor Martin Creamer unpacks SFA Oxford’s Stephen Forrest's belief that hydrogen is the key to long-term use of platinum; former President Kgalema Motlanthe's statement that the process to appoint public-service managers should be reformed; and Castillo Copper's argument for copper... 

Photo of Martin Creamer
Hydrogen, public-service reform, Zambian copper make headlines

South32 prices $700m for Sierra Gorda settlement

By: Esmarie Iannucci     8th April 2022 Diversified miner South32 has priced $700-million on senior unsecured notes, due in 2032, to fund its acquisition of a 45% interest in the Sierra Gorda copper mine, in Chile. The company said on Friday that the notes will be offered to qualified institutional buyers inside of the US, and to... 

The Sierra Gorda mine

Firm looks to support mining entrants

8th April 2022 West Africa is now attracting attention for battery minerals mining with a renewed interest likely to draw in explorers and miners of various sizes and capabilities, says consulting engineers and scientists SRK Consulting Ghana country manager and principal resource geologist Ivan Doku. He adds... 

Central Asia Metals records strong first-quarter performance

By: Tasneem Bulbulia     7th April 2022 Aim-listed Central Asia Metals recorded a strong first-quarter performance and is on track to meet its full-year production guidance for both the Kounrad dump leach, solvent extraction and electrowinning (SX-EW) copper recovery plant, in Kazakhstan, and the Sasa zinc/lead mine in North Macedonia,... 

Mining a big driver of Victoria economy - report

By: Esmarie Iannucci     7th April 2022 New analysis undertaken on behalf of the Minerals Council of Australia (MCA) has revealed that mining companies generated A$1-billion in value to the Victorian economy in 2020-21 while supporting thousands of jobs and businesses across the state. Victoria’s mines directly injected A$510-million... 

Glencore highlights emissions reduction in inaugural ethics, compliance report

By: Marleny Arnoldi     6th April 2022 Diversified miner Glencore has published its inaugural Ethics and Compliance Report, with key findings including the group’s 5% reduction in total emissions in 2021 and payments to governments totalling $7.6-billion. The report states the company’s commitment to deliver value for its 135 000... 

Rio taxes reached A$13.3bn in 2021

By: Esmarie Iannucci     6th April 2022 Diversified miner Rio Tinto paid $13.3-billion in global taxes and royalties during 2021, up from $8.4-billion in 2020. Despite the ongoing challenges of Covid-19, Rio made a total direct economic contribution of $66.6-billion in the countries and communities where it operates in 2021, compared... 

Green finance taxonomy to help investors make green project decisions – law firm 

By: Martin Creamer     5th April 2022 South Africa’s first green finance taxonomy will help investors and financial institutions make more informed decisions on ‘green’ projects, say Webber Wentzel’s Patrick Heron and Joon Chong. Heron and Chong describe the taxonomy, launched by National Treasury last Friday, as an official... 

Pictures supplied
Patrick Heron (left) and Joon Chong.

Metals, new mine investment required now to support future energy transition 

By: Donna Slater     5th April 2022 Despite the significant energy intensity required to mine metals, the commodities are still “essential for the energy transition to succeed”, says BHP market analysis and economics VP Dr Huw McKay. He says that, although having a common goal of limiting global warming to below 2 °C of... 

BHP's Spence mine

Altus reaps Newcrest acquisition reward with higher first-quarter royalty revenues

By: Donna Slater     5th April 2022 Since acquiring a portfolio of royalties from Newcrest Mining, Aim- and TSX-V-listed Altus Strategies has generated copper and gold royalty revenues of $1.7-million (pre-tax) in the first quarter of this year. Altus currently owns 33 royalty interests, including royalties on four producing mines... 

Manganese mine achieves record ten-million fatality free shifts

By: Martin Creamer     4th April 2022 Assmang’s Black Rock mine, near Hotazel in the Northern Cape, has achieved ten-million fatality free shifts, a record that has taken 13 years to achieve. Assmang is a 50/50 partnership between Patrice Motsepe’s African Rainbow Minerals and Desmond Sacco’s Assore. 

Picture supplied
Surrounding the trophy of St Barbara, the patron saint of miners, are, from left, Black Rock Senior GM Wilhemina Ngcobo, African Rainbow Minerals COO Phillip Tobias, and African Rainbow Minerals Ferrous Division CE Andre Joubert.

Minerals Council ending century-long relationship with Johannesburg CBD

By: Martin Creamer     4th April 2022 Minerals Council South Africa has begun a new era by moving into modern premises in Rosebank, Johannesburg, and closing a century-long chapter in Johannesburg’s central business district (CBD). The historic Minerals Council building, on Hollard Street– which was constructed in 1921 – will be sold. 

Creamer Media picture.
Photo by Creamer Media
Historic Minerals Council building, on Hollard Street.

Indian trade deal offers opportunity for miners

By: Esmarie Iannucci     4th April 2022 The Minerals Council of Australia (MCA) has welcomed an interim trade agreement between Australia and India, saying it would eliminate 71% of tariffs, covering 91% of Australia’s exports to India, including a suite of Australian minerals. The minerals falling under the trade agreement include... 

PGMs, Anglo American, Vedanta make headlines   

1st April 2022 Mining Weekly Editor Martin Creamer discusses PGMs supply on a hiding to nothing; Anglo American touting the idea of providing green hydrogen energy to local communities; and Vedanta's R7-billion investment into the Gamsberg expansion.   

Photo of Martin Creamer
PGMs, Anglo American, Vedanta make headlines

NUM report supports just energy transition, but with caveats

By: Tasneem Bulbulia     1st April 2022 Trade union the National Union of Mineworkers on March 31 presented its ‘Just Transition and the Energy Sector’ report for discussion and adoption, on day two of its yearly national congress. The report emphasised that while workers and labour support the just energy transition, there are a... 

Equipping, changeover on track for March

1st April 2022 Diversified mining company Ivanhoe Mines is expected to complete the equipping and changeover of its Platreef Project Shaft 1 by the end of last month. The construction of the 996-m-level station at the bottom of Shaft 1 was completed in July 2020. Shaft 1 will initially be used to access the... 

An image of construction activities taking place at the Platreef project site, with shaft 1 depicted on the left, and the high-to-collar advancement for shaft 2 portrayed on the right
Photo by Ivanhoe Mines
SHAFT CONSTRUCTION Construction activities at the Platreef Project site, including Shaft 1 on the left, and the hitch-to-collar advancement for Shaft 2 on the right

BHP prepares for fresh battle against $6.6bn Brazil dam lawsuit

By: Reuters     31st March 2022 Anglo-Australian mining giant BHP is preparing to battle a resurrected £5-billion ($6.6-billion) lawsuit in London's Court of Appeal next week, launched by around 200 000 Brazilians over a devastating dam failure in 2015. The claim, one of the largest in English legal history, seeks to hold BHP... 

Strong investment case for country’s mining sector, but issues must be addressed  

By: Tasneem Bulbulia     30th March 2022 There are a myriad of opportunities that can be capitalised on in South Africa’s mining sector and there has been notable progress in improving the state of the industry; however, to further enhance this and attract more investment, it is critical that several issues be resolved.  This was the... 

An image of Bushveld Minerals CEO Fortune Mojapelo
Photo by Creamer Media
Bushveld Minerals CEO Fortune Mojapelo

BHP urges better investment climate in Chile to unleash $10bn spend

By: Esmarie Iannucci     30th March 2022 Diversified miner BHP could potentially invest as much as $10-billion into its Chilean copper ambitions, if given the right incentive, president for operations minerals Americas, Rag Udd told the World Copper Conference. He told delegates that BHP was focused on growing its copper output in... 

BHP's Spence operations in Chile
BHP's Spence operations in Chile

South32's Mozal buy delayed

By: Esmarie Iannucci     30th March 2022 Diversified miner South32 on Wednesday told shareholders that the acquisition of additional 25% shareholding in Mozal Aluminium, from Mitsubishi’s MCA Metals, has been delayed. The company last year exercised its pre-emptive rights over the additional shareholding, matching a headline purchase... 

Critical minerals, infrastructure and jobs big takers in Budget

By: Esmarie Iannucci     30th March 2022 The Australian resources sector has welcomed the government’s investment initiatives unveiled in the 2022-23 Budget. The 2022-23 Budget measures include a A$200-million spend over five years for the Critical Minerals Accelerator Initiative, and a A$50.5-million spend over three years for a... 

Image shows Australian flag and crest

Vale settles $630m in cases related to Brumadinho disaster

By: Reuters     28th March 2022 Brazilian miner Vale said on Monday that individual settlements related to the Brumadinho dam disaster reached over three-billion reais ($629.92-million) so far, roughly three years after the incident. The collapse of a tailings dam at Vale's Corrego do Feijao mine in Brumadinho released a... 

Green hydrogen energy supply to local communities envisaged by Anglo 

By: Martin Creamer     28th March 2022 The green hydrogen footprint being developed by Anglo American could be extended to provide low-cost and efficient energy to local communities. Anglo, which is advancing towards using green hydrogen to replace diesel in the huge haul truck it is building at Anglo American Platinum’s Mogalakwena... 

Creamer Media picture taken at South Africa Investment Conference
Photo by Creamer Media's Donna Slater
Anglo American CEO Mark Cutifani.

Sibanye announces senior management appointments

By: Tasneem Bulbulia     28th March 2022 Precious and battery metals miner Sibanye-Stillwater has made several senior management appointments, which it says will enhance delivery and strategic focus. Thabisile Phumo has been appointed EVP of stakeholder relations South Africa, effective April 1, reporting to chief social performance... 

Rio welcomes Simandou deal

By: Esmarie Iannucci     28th March 2022 Mining giant Rio Tinto has welcomed a deal with the government of Guinea, which could see the Simandou iron-ore project finally developed. Reuters over the weekend reported that the Guinea government had struck a deal with Rio and Chinese consortium SMB Winning for a 15% stake in the rail, port... 

Image shows the Simandou site

Anglo sells off last shares in Thungela

By: Marleny Arnoldi     25th March 2022 Diversified miner Anglo American has announced the sale of the group’s remaining 8% shareholding in coal miner Thungela Resources for R1.6-billion. The transaction was done by way of an accelerated bookbuild placing to a number of major financial institutions.  

Anglo sells off last shares in Thungela

Job creation, renewable energy, climate change make headlines   

25th March 2022 Mining Weekly Editor Martin Creamer discusses the potential for 60 000 new jobs through green hydrogen development; Merafe Resources putting focus on renewable energy; and World Parliaments being urged to use their constitutional powers to tackle climate change.   

Photo of Martin Creamer
Job creation, renewable energy, climate change make headlines

Drilling contractor plans to evolve grouting services

By: Claire O'Reilly     25th March 2022 Drilling technology solutions provider Rosond’s grouting services are one of the foundations on which the company has built its reputation in the mining industry and, as such, it is a critical part of its complete service offering. 

Miner supports SMME with diamond drilling equipment

25th March 2022 Diversified miner Glencore Ferroalloys’ Eastern Chrome Mines (ECM) announced last month that it remains committed to developing and supporting local small, medium-sized and microenterprises (SMMEs) to contribute to local economies.   

Company secures three-year agreement with iron-ore miner’s village

25th March 2022 Australian network solutions provider Swift announced earlier this month that it had secured a new three-year partnership agreement with holding company Roy Hill Holdings to service its “world-class” Roy Hill Mine Permanent Village. Swift’s flagship product, Swift Access, will be installed in 2... 

All Star restructures board to pursue new opportunities

By: Tasneem Bulbulia     23rd March 2022 London-listed junior mining investment company All Star Minerals has appointed Jason Brewer as a director of the company with immediate effect. This follows the resignation of David Bourne as director. 

Resources Watch  

23rd March 2022 This week: Metals sector urged to seize South Africa’s beckoning Steel Master Plan opportunity; Menar says Sipho Nkosi’s red tape cutting role crucial to encourage investment and, Equivalent of a Koeberg arising in solar projects 

Resources Watch
Resources Watch

Energy sovereignty, Steel Master Plan, Solar PV projects make headlines   

18th March 2022 Mining Weekly Editor Martin Creamer discusses Fortescue Metals Group’s Andrew Forrest's call for energy sovereignty; Seifsa  urging the metals sector to take advantage of the Steel Master Plan opportunities; and the comparison of mine-linked Solar PV power projects with the Koeberg nuclear power... 

Photo of Martin Creamer
Energy sovereignty, Steel Master Plan, Solar PV projects make headlines

Mining houses should prioritise human rights to stave off radicalisation among communities  

By: Nadine James     18th March 2022 The mining industry must work harder on implementing human rights programmes to prevent the exploitation of unhappy communities for narrow self-defeating motives, Minerals Council South Africa senior executive Tebello Chabana commented during a Human Rights Dialogue on March 17. He noted that... 

Battery tech can curb emissions

18th March 2022 Commercial vehicle electrification technology company Proterra and equipment manufacturer Komatsu, in the last quarter of 2021 announced a new collaboration to electrify next-generation underground mining machines using Proterra’s battery technology. Under the collaboration, Proterra will supply... 

Underground graders coming to Africa

18th March 2022 Underground equipment manufacturer MacLean Engineering announced last month that the first-ever MacLean GR5 underground road grader has been shipped to Africa and that additional units have been scheduled for factory production. The newest addition to MacLean’s Mine-Mate utility vehicles, which... 

A yellow grader used for underground roads and pathways part of MacLean’s Mine-Mate utility vehicles range, this is teh GR5
HIGHER GRADE The MacLean GR5 underground road grader is coming to African shores and mines

Brazilian mine benefits from cooling system installation

By: Halima Frost     18th March 2022 Mine ventilation, refrigeration and cooling engineering consultant BBE Group has successfully completed the installation of a ventilation and cooling system at the Caraíba mine in the Curaçá river valley, in Brazil. The deepening of a shaft to open up a new orebody in the mine had put the... 

Large yellow pipes and a filtration system in a mine in Brazil that allow for fresh air to be pumped into the shaft for better breathing
DEEP BREATH BBE have successfully installed an underground ventilation system at a mine in Brazil
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