R/€ = 17.65 Change: 0.02
R/$ = 17.99 Change: 0.01
Au 1666.27 $/oz Change: 23.00
Pt 872.00 $/oz Change: 25.00

Europe News

New production targets for Sandfire as Simich steps down

By: Esmarie Iannucci     Updated 26 minutes ago Copper/gold miner Sandfire Resources has lifted its production guidance for 2023, announced the departure of its MD and CEO, Karl Simich, and completed a key financing milestone for its Motheo project, in Botswana. Sandfire on Friday announced that group production for the 2023 financial year is... 

ESG risks and geopolitics ranked top risks for mining companies – survey

By: Creamer Media Reporter      29th September 2022 Global mining and metals executives rank environment, social and governance (ESG), geopolitics and climate change as the top three risks facing their business over the next 12 months, a survey by consultancy EY has found. “We have witnessed huge upheaval and change over the last year, namely due... 

Not much activity in the gold markets in August – WGC

By: Darren Parker     29th September 2022 Gold-related activity among central banks was muted in August, with only a handful of banks meaningfully contributing to the overall monthly total, World Gold Council (WGC) senior analyst Krishan Gopaul said on September 29 with the release of the WGC’s quarterly statistical update on gold... 

gold coins stacked

Possible LME ban lights fire under aluminium and nickel

By: Reuters     29th September 2022 The London Metal Exchange is launching a discussion paper that marks the first step toward a potential ban on new supplies of Russian metal, according to people familiar with the matter. Any move by the LME to block Russian supplies could have significant ramifications for the global metals... 

IAMGOLD is nearing its 70% interest after six years of investment in Senala project

By: Marleny Arnoldi     29th September 2022 Aim-listed Oriole Resources has announced its joint venture partner IAMGOLD Corporation is in the penultimate year of a six-year option agreement to earn a 70% interest in the Senala project, in Senegal. IAMGOLD earns this interest by spending up to $8-million on the project.  

Glencore reviews lead operations at Italian plant due to high power prices - source

By: Reuters     29th September 2022 Commodity group Glencore is reviewing the sustainability of lead operations at its Portovesme plant in Italy due to high power prices, an industry source with knowledge of the situation said on Thursday. The company is delaying maintenance operations that were planned in coming months due to the... 

US redoubles efforts to end dependence on Russian nuclear fuel

By: Bloomberg     29th September 2022 The Biden administration’s top energy official said the US will redouble its efforts to break free from its reliance on Russian nuclear fuel. Secretary of Energy Jennifer Granholm said the White House is prioritising development of domestic uranium-enrichment capacity and predicted key... 

Minerals Council ‘absolutely adamant’ about need for commercially available cadastre  

By: Martin Creamer     29th September 2022 The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include... 

Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell.
Junior and Emerging Miners Desk webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nutrien sees supply chaos adding to world’s food security woes

By: Bloomberg     28th September 2022 The world’s top fertiliser maker says Russia’s war in Ukraine is driving supply disruptions in nitrogen and potash markets and exacerbating concerns of global food shortages. Challenges of shipping food and fertilizer from Russia are expected to persist, Nutrien CEO Ken Seitz said in an... 

An image of Nutrien CEO Ken Seitz
Nutrien CEO Ken Seitz

Each Anglo Platinum employee to receive R8 000 worth of shares a year 

By: Martin Creamer     28th September 2022 Platinum group metals (PGMs) mining and marketing company Anglo American Platinum has launched a new employee share ownership plan (Esop), which it envisages will be implemented in the fourth quarter of this year. The Esop involves employees receiving Anglo Platinum listed shares to the value of... 

Anglo American Platinum Executive Head Human Resources Virginia Tyobeka.
Anglo American Platinum Executive Head Human Resources Virginia Tyobeka.

Metals for cleaner future being turned to account in minerals-endowed Northern Cape 

By: Martin Creamer     28th September 2022 South Africa’s critical minerals potential is being highlighted in an increasingly promising manner by Orion Minerals, the Sydney- and Johannesburg-listed company that is showing the way in the minerals-endowed Northern Cape. Orion, headed by its Boksburg-born CEO Errol Smart, is poised to bestow... 

Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.
Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.

BOD officially concludes Vutomi acquisition after a year of approvals

By: Marleny Arnoldi     28th September 2022 London-listed Botswana Diamonds (BOD) has finally announced the conclusion of acquisition of the outstanding third-party shares in Vutomi Mining and Razorbill Properties 12. The acquisition of Vutomi had been dependent on customary regulatory and competition authority approvals in South Africa.  

GoldStone records good results from diamond drilling at Ghana project

By: Tasneem Bulbulia     27th September 2022 Aim-listed GoldStone Resources has provided the assays from the first three holes of the diamond drilling (DD) programme, announced August 30, with the company highlighting “very encouraging results”. These holes are the first in a programme designed to probe the southward extension of the... 

Gemfields records revenues of $4.2m from ruby auction

By: Tasneem Bulbulia     27th September 2022 Aim-listed Gemfields generated revenues of $4.2-million from an auction of predominantly commercial-quality sapphire, corundum and low-quality ruby held from September 19 to 23. The gemstones were extracted by Montepuez Ruby Mining (MRM), which is 75%-owned by Gemfields and 25% by Mwiriti Limitada. 

Finland plans new tax on mining

By: Reuters     27th September 2022 Finland's government plans to introduce a new tax on minerals extracted by the mining industry, the Nordic country's finance ministry said on Tuesday. Some of the European Union's greatest known reserves of minerals used for batteries and other products are located in Finland where there are... 

Finland plans new tax on mining

Pensana commits to producing lowest embedded carbon rare earths, net zero by 2040

By: Tasneem Bulbulia     27th September 2022 London-listed Pensana Rare Earths has released its Blueprint for Sustainable Rare Earths, setting out the company’s aim to produce the lowest embedded carbon products in the rare earth industry, as well as a “deep and meaningful” carbon reduction with the aim to achieve net zero across the value... 

Petra subsidiary amends offer terms

By: Tasneem Bulbulia     27th September 2022 Aim-listed Petra Diamonds has announced early tender results and the amendment of offer terms for its subsidiary’s invitation to buy senior secured second lien notes due 2026. On September 13, Petra’s wholly-owned subsidiary, Petra Diamonds US Treasury (PDUST) announced its invitation to offer to... 

Talga signs offtake deal with ACC

By: Esmarie Iannucci     27th September 2022 Australian listed Talga has signed a non-binding offtake agreement with European battery maker Automotive Cells Company SE (ACC) to supply its flagship anode product, Talnode®-C, from the Vittangi anode project in Sweden. Under the term sheet, which follows successful qualification test-work... 

Green hydrogen, fuel cells important part of any future energy system, says global strategist  

By: Martin Creamer     27th September 2022 Green hydrogen and fuel cells will be a very important part of any future energy system, says Switzerland-based energy and sustainability consultancy strategist Dr David Hart. Among the electrolysers that convert renewable electricity into green hydrogen are proton exchange membrane (PEM)... 

Dr David Hart, E4tech.
E4tech’s Dr David Hart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

MC Mining to raise A$40m for Makhado

By: Esmarie Iannucci     27th September 2022 Triple listed MC Mining has launched a 1.012-for-1 fully underwritten pro-rata renounceable rights issue to raise funds for its Makhado hard coking coal project, in South Africa. The ASX, Aim, and JSE-listed company is hoping to raise some A$40-million under the rights issue, which will be... 

Transparency International urges EU sanctions on Russian diamonds, miner Alrosa

By: Reuters     26th September 2022 The European Union should bar Russian diamond imports and blacklist diamond miner Alrosa and its head Sergei Ivanov, Transparency International told Reuters on Monday, as the 27-nation bloc prepares new sanctions over Russia's war in Ukraine. Galvanised by Russian President Vladimir Putin... 

Volkswagen teams up with Umicore on battery materials

By: Reuters     26th September 2022 Volkswagen announced on Monday a $2.9-billion battery parts joint venture with Belgian materials firm Umicore, becoming the latest European automaker to bring battery supplies closer to home in the shift towards electric vehicles. While raw materials - among them lithium, cobalt, nickel and... 

Grim demand outlook pushes copper prices to 2-month low

By: Reuters     26th September 2022 Copper prices dropped to two-month lows on Monday as fears of a global growth slowdown, weaker demand, a higher dollar and climbing stocks in London Metal Exchange (LME) registered warehouses sparked a sell-off. Benchmark copper CMCU3 on the LME was down 0.8% at $7 375 a tonne at 09:45 GMT. 

Atlantic Lithium starts trading on ASX

By: Marleny Arnoldi     26th September 2022 Ghana-focused lithium developer Atlantic Lithium has started trading on the ASX. The company’s secondary listing for 22.8-million shares, at a price of A$0.58 apiece, was fully subscribed to investors in Australia, New Zealand, Hong Kong and Singagore, on September 26.  

Energy and chemicals executive appointed Vulcan deputy CEO

By: Creamer Media Reporter      26th September 2022 ASX-listed Vulcan Energy has appointed Cris Moreno, an energy and chemicals industry executive based in Europe, as its deputy CEO with effect from November 1. Moreno has more than 20 years’ experience in delivering major capital projects, including in the lithium chemicals, cathode and liquefied... 

Goldplat appoints Kisbey-Green as chair, Gerard Kemp joins board 

By: Creamer Media Reporter      26th September 2022 Gold recovery company Goldplat, which is listed on London’s Aim, on Monday announced the appointment of Gerard Kisbey-Green – a nonexecutive director and former CEO – as nonexecutive chairperson of the company. He is succeeding Matthew Robinson, who in May announced his intention to resign as a... 

An image of Goldplat CEO Gerard Kisbey-Green
Goldplat CEO Gerard Kisbey-Green

Brazil approves Araguaia as strategic project – Horizonte

By: Mariaan Webb     26th September 2022 The Brazilian government has approved the Araguaia nickel project as a strategic minerals project, dual-listed Horizonte Minerals reported on Monday. The approval would ensure that the various government agencies engaged in the construction and operation of the mine would treat Araguaia as a... 

Anglo to begin copper shipments from Quellaveco, tweaks guidance

By: Mariaan Webb     26th September 2022 Diversified major Anglo American on Monday announced the start of commercial operations at its 300 000 t/y copper-equivalent Quellaveco project, in Peru, following the successful testing of operations and final regulatory clearance. The new mine would lift Anglo’s total global output by 10% in... 

An image of Anglo American CEO Duncan Wanblad
Anglo American CEO Duncan Wanblad says the delivery of a major new world-class copper mine is testament to the efforts of Anglo American's workforce in Peru.

Greenland Minerals dealt setback in legal fight for rare earth project licence

By: Reuters     26th September 2022 Australia's Greenland Minerals said on Monday an arbitration tribunal had declined its request for interim orders against the Greenland government's draft decision to reject the miner a licence for the Kvanefjeld rare-earths project. The company had, in July, lodged an objection against the... 

An image of Greenland Minerals' Kvanjefield area

South Africans urged to turn exploration into Big Hairy Audacious Goal  

By: Martin Creamer     24th September 2022 South Africans have been urged to rally around exploration as this country's Big Hairy Audacious Goal – a BHAG – so that what is described as "our lowest hanging economic fruit" can be turned to positive account. Council for Geoscience CEO Mosa Mabuza, who was speaking in support of the junior... 

Council of Geoscience CEO Mosa Mabuza.
Council for Geoscience CEO Mosa Mabuza, covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

New fund-raising product appropriate for junior miners, says JSE  

By: Martin Creamer     23rd September 2022 The JSE has a new product that is appropriate for fund-raising by junior mining companies, JSE origination and deals head Sam Mokorosi said on Friday. Mokorosi, who was speaking at Minerals Council South Africa’s Junior and Emerging Miners Desk webinar, highlighted the new product against the... 

JSE origination and deals head Sam Mokorosi.
Minerals Council South Africa’s Junior Miner Webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Pensana announces 767 000 t TREO reserve at Longonjo

By: Marleny Arnoldi     23rd September 2022 London-listed Pensana has published a mineral reserve estimate (MRE) for the Longonjo project, in Angola, as part its feasibility study, finding a total rare earth oxides (TREO) reserve of 767 000 t, at a 2.55% grade. Particularly, Longonjo contains 166 000 t of proven and probable neodymium... 

Green hydrogen at sea on world-first offshore demonstrator platform  

By: Martin Creamer     23rd September 2022 The world’s first offshore green hydrogen production demonstrator platform has been positioned offshore of France. “This is the first time that renewable hydrogen will be produced at sea,” French company Lhyfe stated in a release to Engineering News & Mining Weekly. (Also watch attached Creamer... 

Lhyfe producing green hydrogen at sea.
Green hydrogen at sea initiative. Lhyfe technical director Thomas Créach interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Anglo American commits $15m to the Global Fund to tackle diseases

By: Tasneem Bulbulia     23rd September 2022 Global miner Anglo American, together with the Anglo American Foundation, have pledged $15-million to support the Global Fund, aimed at ending HIV/AIDS, tuberculosis (TB) and malaria, and building resilient systems for health and pandemic preparedness. The pledge was delivered in New York, during... 

Elisabeth Brinton steps down as Anglo director

By: Tasneem Bulbulia     23rd September 2022 Elisabeth Brinton has decided to step down as director of Anglo American for personal reasons, with immediate effect. “We thank Elisabeth for her contribution to our board discussions and wish her well for the future,” comments chairperson Stuart Chambers. 

Tirupati advancing its Madagascar expansion plans

By: Marleny Arnoldi     23rd September 2022 Madagascar-focused miner Tirupati Graphite has announced that a second preconcentrate plant at the Vatomina project will be complete by the end of October. The company is optimising its processing plant by improving the ore’s head grade from 3% to more than 4%, to reach 18 000 t/y capacity,... 

Copper prices averaging lower than expected this year, but major uptick looms

By: Marleny Arnoldi     23rd September 2022 Research agency Fitch Solutions Country Risk & Industry Research has revised downward its copper price forecast for this year to about $8 800/t, down from $9 470/t it anticipated previously. The agency says investor sentiment for copper has been weakening, as has demand for the base metal, in... 

Russian aluminium imports are hurting US market, Rio Tinto CEO warns

By: Bloomberg     23rd September 2022 Rio Tinto's top executive is raising the alarm that the unfettered flow of Russian aluminum into the US is making North American producers less competitive. Russian imports, which remain exempt from US sanctions, are flowing into the country unrestricted when allies like Australia continue to... 

Russian aluminium imports are hurting US market, Rio Tinto CEO warns
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