R/€ = 18.5751 Change: -0.1642
R/$ = 16.9673 Change: -0.0747
Au 1946.31 $/oz Change: -4.05
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Europe News

Hyphen Hydrogen Energy signs two ammonia offtake MoUs

By: Tasneem Bulbulia     Updated 26 minutes ago Namibian-registered green hydrogen development company Hyphen Hydrogen Energy has signed nonbinding memorandums of understanding (MoUs) with two major industrial companies for the supply of up to 750 000 t/y of green ammonia. The agreements are with a major chemical company and Approtium, a South... 

Oriole identifies lithium pegmatites at Cameroon project

By: Tasneem Bulbulia     Updated 27 minutes ago Aim-listed Oriole Resources says lithium pegmatites have been confirmed at its 90%-owned Central Licence Package (CLP) project, in Cameroon. The district-scale CLP project comprises nine contiguous licences covering 4 091 km2 of previously unexplored Paleo-Proterozoic to pan-African age rocks... 

High Court grants release of historic diamond parcel to Vast Resources

By: Marleny Arnoldi     Updated 32 minutes ago The High Court of Zimbabwe has granted a default order against the Minister of Mines and Mining Development, relating to a historic parcel of 129 400 ct of rough diamonds, which will be released to Aim-listed Vast Resources. The company expects to receive the signed court order in coming days,... 

Kefi presses on with Tulu Kapi financing efforts

By: Marleny Arnoldi     Updated 33 minutes ago London-listed Kefi Gold and Copper says it has taken a huge effort over a much longer period than anticipated to overcome numerous market challenges in both Ethiopia and Saudi Arabia, where the company is developing projects. However, the company is nearing finalisation of financing for the... 

Galileo encounters high gold grades in Zambia

By: Tasneem Bulbulia     Updated 1 hour 12 minutes ago Aim-listed Galileo Resources reports that progress has been made on a number of new prospects, including the discovery of high-grade gold and associated copper mineralisation at the Shinganda copper/gold project, in Zambia, where it has the right to earn an initial 51% interest. Follow-up... 

Copper drives Anglo’s overall fourth-quarter production higher, but PGMs, nickel disappoint 

By: Marleny Arnoldi     Updated 2 hours 17 minutes ago Diversified miner Anglo American has reported a year-on-year improvement in the production of nearly all its commodities – except for platinum group metals (PGMs) and nickel – for the fourth quarter of 2022. CE Duncan Wanblad says overall production increased by 10% year-on-year, driven by the... 

Anglo American CE Duncan Wanblad
Anglo American CE Duncan Wanblad

155 MW wind farm to be constructed in Mpumalanga by Seriti Green  

By: Martin Creamer     Updated 2 hours 46 minutes ago Work is scheduled to begin soon on the construction of a wind farm in Mpumalanga, South Africa’s electricity heartland. The project, which begins with 155 MW of wind energy and expands to a capacity of 900 MW of renewables and 800 MWh of battery storage, forms part of an agreement that will see... 

Seriti Resources CE Mike Teke.
Seriti Green's wind energy initiative covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Andrada reports positive results from drilling in Namibia

By: Tasneem Bulbulia     Updated 4 hours ago Aim-listed Andrada Mining, formerly AfriTin Mining has received further results from the lithium and tantalum infill drilling programme at its flagship operation, the Uis mine, in Namibia. Pegmatite was intersected in all holes at the depths and apparent widths, as predicted by the geological model. 

Strong operational performance delivers 6% y/y increase in De Beers' fourth-quarter output

By: Chanel de Bruyn     Updated 6 hours ago Diamond miner De Beers, a subsidiary of Anglo American, achieved a 6% year-on-year increase in rough diamond production to 8.2-million carats for the fourth quarter of 2022. The miner said this reflects a strong operational performance across its assets, but partially offset by the planned... 

A truck transporting ore from the Venetia mine

Mkango and CoTec sign loan and equity investment agreements

By: Creamer Media Reporter      1st February 2023 Dual-listed rare earths developer Mkango Resources said on Tuesday that it had signed definitive agreements with Canada-based mining issuer CoTec Holdings for a £2-million convertible loan, a £1.5-million equity investment in Maginito, and subject to closing, a cooperation agreement regarding... 

Kefi pursues dual listing in Saudi Arabia

By: Marleny Arnoldi     1st February 2023 Aim-listed Kefi Gold and Copper is pursuing a dual listing of its shares in Saudi Arabia. The Saudi Exchange is currently the eleventh-largest stock exchange globally, with 223 listed companies and a market capitalisation of $2.63-trillion.  

Kibo struggles to dispose of coal assets, progresses multiple renewable projects

By: Marleny Arnoldi     1st February 2023 Dual-listed renewable energy developer Kibo Energy has made notable progress on various projects since announcing its refocused renewable energy strategy in 2021, and expects to see several new revenue streams realise in the next 12 to 24 months. However, the company has struggled to exit coal... 

Good grade uplifts Harmony’s gold output 

By: Martin Creamer     1st February 2023 Despite the ongoing electricity shortages and supply chain disruptions, the total gold production of Harmony Gold has increased quarter-on-quarter, the Johannesburg- and New York-listed company, which will be presenting at next week’s Investing in African Mining Indaba in Cape Town, stated on... 

Underground drilling under way at Harmony's Great Noligwa gold mine.
Underground drilling under way at Harmony's Great Noligwa gold mine.

Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 

By: Martin Creamer     1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

De Beers cautiously optimistic that diamond demand will grow

By: Tasneem Bulbulia     1st February 2023 Diamond miner De Beers sold $450-million of rough diamonds in the first of ten sales cycles this year. This compares with the $660-million of rough diamonds sold in the first sales cycle of 2022 and the $417-million of rough diamonds sold in the tenth sales cycle of 2022. 

Sweden's Epiroc says demand for mining equipment to remain high

By: Reuters     1st February 2023 Swedish mining equipment maker Epiroc said on Tuesday it expected demand would remain at a high level in the near term while reporting a fourth-quarter operating profit in line with forecasts. Operating profit for the October-December period rose to 3.24-billion Swedish crowns ($309.63-million)... 

Blyvoor Gold secures approval for solar energy project

By: Martin Creamer     31st January 2023 Carletonville’s Blyvoor Gold Mine has announced the approval of the first phase of its solar energy project. Up to 40 MW will be generated near its mining operations on Gauteng’s West Rand, following Eskom’s first phase approval. 

Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.
Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.

New partnership enabling South African lithium pioneer to go full throttle 

By: Martin Creamer     31st January 2023 Battery metals investment and exploration company Marula Mining, which is delivering its first shipment of lithium ore from its Blesberg lithium and tantalum mine in the Northern Cape, has received a funding boost by clinching of a partnership with Q Global Commodities (QGC). As a majority... 

QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.
QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.

Sibanye, Harmony, Gold Fields among miners listed in the 2023 Bloomberg Gender-Equality Index

By: Creamer Media Reporter      31st January 2023 Precious metals miners Sibanye-Stillwater, Harmony Gold and Gold Fields are among the mining firms recognised in this year's Bloomberg Gender-Equality Index. Harmony has been included in the index for the fifth consecutive year. 

South Africa well on way to unlocking incredible base metals potential – Orion 

By: Martin Creamer     31st January 2023 Emerging production hubs in the Northern Cape are opening the way for South Africa to be a producer of future-facing ‘green’ metals to support the global energy transformation and to mitigate against climate change.  The two emerging production hubs are the Prieska Copper-Zinc Mine and the Okiep... 

Dewatering plan at Prieska Copper-Zinc Mine.
Dewatering plan at Prieska Copper-Zinc Mine.

Central bank gold purchases reached a 55-year record high in 2022

By: Marleny Arnoldi     31st January 2023 The World Gold Council (WGC) has revealed in its latest ‘Gold Demand Trends’ report that gold demand increased by 18% year-on-year in 2022, hitting the highest yearly total since 2011 at 4 741 t. WGC senior market analyst Louise Street tells Mining Weekly that demand for gold was propelled by... 

Global oil and gas exploration spend hits record highs

By: Esmarie Iannucci     31st January 2023 New data by advisory firm Wood Mackenzie (WoodMac) has shown that 2022 was the strongest year in more than a decade for global oil and gas exploration, led by major discoveries in Namibia, Brazil and Algeria. WoodMac reported that the sector created at least $33-billion of value and achieved... 

Global oil and gas exploration spend hits record highs

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

Aus strikes hydrogen agreement with the Netherlands

By: Esmarie Iannucci     31st January 2023 The Australian government has signed a memorandum of understanding (MoU) with the Netherlands to promote clean energy supply chains between Australia and the Netherlands on green hydrogen. This partnership will deliver practical collaboration to support the development of a hydrogen supply chain... 

Resolute posts fifth quarter of growth

By: Esmarie Iannucci     31st January 2023 Gold miner Resolute Mining has reported a fifth consecutive quarter of production increases in the three months to December, with production reaching 91 777 oz of gold, up from the 90 387 oz poured in the September quarter. Gold recoveries were up by 4% on the previous quarter, from 84 886 oz... 

Intervention urgent to resolve rail, port problems, says Business Leadership South Africa

By: Martin Creamer     30th January 2023 Urgent intervention is required to resolve the problems of South Africa’s freight rail system and ports, says Business Leadership South Africa (BLSA)CEO Busi Mavuso, who in this week’s BLSA newsletter describes the coal export slump through Richards Bay Coal Terminal (RBCT) as startling. “The... 

Business Leadership South Africa CEO Busi Mavuso.
Photo by Creamer Media
Business Leadership South Africa CEO Busi Mavuso.

Cinovec lithium project declared strategic

By: Mariaan Webb     30th January 2023 The share price of European Metals gained 11% on Monday, as the company announced that its Cinovec lithium project, in Czech, has been classified as strategic, which means that it has priority for grant funding from the Just Transition Fund (JTF). The JTF supports European Union regions relying... 

EU recovers appetite for trade in green industry push

By: Reuters     30th January 2023 The European Union is aiming to enact up to five trade deals in record time to ensure its future as a clean tech leader, by securing supplies of key raw materials, increasing markets for green exports and reducing its reliance on China. A big EU trade push is a key part of its "Green Deal... 

European Commission president Ursula von der Leyen
European Commission president Ursula von der Leyen

Solar saving gold mine $145 000 a month, more renewables on way, says Pan African 

By: Martin Creamer     30th January 2023 The 10 MW solar power plant at Evander is averaging savings of $145 000 a month for the Mpumalanga gold mine, Pan African Resources said on Monday. Construction is scheduled to begin in June on yet another solar facility, this time an 8 MW photovoltaic solar plant at Barberton Mines’ gold... 

Shaft at Evander gold mine.
Shaft at Evander gold mine.

Scholz visits South America in a race with China to get lithium

By: Bloomberg     30th January 2023 Chancellor Olaf Scholz is hoping his trip to Latin America this weekend will help Germany secure additional supplies of the lithium that car giants like Mercedes-Benz Group AG and Volkswagen need for their electric-vehicle batteries. Chile is the world’s second-largest supplier of lithium after... 

Aus strengthens hydrogen ties with Germany

By: Esmarie Iannucci     30th January 2023 The Australian government has strengthened its hydrogen collaboration with Germany, announcing funding for four new joint projects under the German–Australian Hydrogen Innovation and Technology Incubator (HyGATE) initiative. The initiative strengthens Australian-German collaboration to reduce... 

Norway finds 'substantial' mineral resources on its seabed

By: Reuters     27th January 2023  A Norwegian study has found a "substantial" amount metals and minerals ranging from copper to rare earth metals on the seabed of its extended continental shelf, authorities said on Friday in their first official estimates. The Nordic country, a major oil and gas exporter, is considering whether... 

Savannah, MRG Metals call off option agreement on Moz concession

By: Marleny Arnoldi     27th January 2023 London-listed lithium developer Savannah Resources says the due diligence period for signing an option agreement with ASX-listed heavy mineral sands miner MRG Metals related to a mining concession in Mozambique has expired, with the parties mutually deciding not to proceed further. This follows... 

GoldStone to raise £2.4m to expand Ghana mine

By: Tasneem Bulbulia     27th January 2023 Aim-listed GoldStone Resources has issued convertible loan notes to Blue Gold International  Limited (BGL) in the nominal amount of £2.4-million, which are due for redemption on November 30, 2024. BGL has also received warrants to subscribe for up to 60-million ordinary shares exercisable at any... 

Green hydrogen research given R35m boost 

By: Martin Creamer     27th January 2023 South Africa's North-West University (NWU) is investing around R35-million in strategic funding to advance green hydrogen research over the next five years.   This follows the announcement that Hydrogen South Africa Infrastructure Centre of Competence (HySA CoC) at NWU is collaborating with... 

Hydrogen South Africa solar power installation at NWU to supply renewable power for hydrogen production.
Hydrogen South Africa solar power installation at NWU to supply renewable power for hydrogen production.

Britishvolt’s founder says UK battery sector is ‘doomed’ unless government steps up

By: Bloomberg     27th January 2023 The UK’s battery manufacturing industry is doomed unless the government ramps up support for the sector, according to the founder of failed battery startup Britshvolt Ltd. Formerly the UK’s main hope for a homegrown supplier to the electric-vehicle industry, Britishvolt went into bankruptcy this... 

Ironveld Mining, Pace enter JV to produce, sell DMS-grade magnetite

By: Tasneem Bulbulia     27th January 2023 Iron-ore miner Ironveld’s subsidiary, Ironveld Mining, has entered into a joint venture (JV) agreement with mining and industrial supply chain solutions provider Pace as equal partners to produce and sell dense media separation- (DMS-) grade magnetite from Ironveld’s mine in Limpopo, South... 

Renewable energy, social upset key themes for miners in 2023 – Fitch Solutions 

By: Donna Slater     26th January 2023 Capital expenditure of mining companies is increasingly being aimed at renewable energy projects and associated grid development – a trend that is likely to continue throughout this year, financial risk management, solutions and insights company Fitch Solutions commodities analyst Amelia Haines... 

Solar PV panels
Miners in 2023 to focus on renewable energy expansion, addressing social aspect of ESG
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