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Europe News
Iron-ore euphoria of today arising out of iron-ore despair of yesteryear offers crucial policy lesson, says mining analyst in a ‘Postcard to the President’ 
By: Martin Creamer 12th May 2021 If you bought R100 000 worth of shares in Kumba Iron Ore at the start of 2016, you would now be sitting on shares worth a staggering R2.67-million, excluding dividends. This is because Kumba’s all-time low share price of R25.35 in January 2016 has skyrocketed 2 647% to R696.45, reflecting the... →
Petra agrees to settlement over human rights abuses claims
By: Tasneem Bulbulia 12th May 2021 A settlement has been agreed with diamond miner Petra Diamonds following claims of serious human rights abuses at its majority-owned Williamson diamond mine in Tanzania. Law firm Leigh Day has agreed the settlement on behalf of 71 claimants who allege that they suffered serious human rights... →
Russia should get firms to pay environmental fines from profits, says PM
By: Reuters 12th May 2021 Russia should get companies to pay compensation for environmental damage from their net profits rather than expenses after Nornickel's payment of a $2-billion fine for a fuel spill reduced its tax base, the prime minister said on Wednesday. Nornickel paid the unprecedented environmental fine for... →
Eramet says it obtains lithium from geothermal brine in eastern France
By: Reuters 12th May 2021 Mining group Eramet announced on Tuesday it had extracted lithium from geothermal salt water in a pilot in eastern France, in a breakthrough it said could boost European efforts to secure raw materials for electric vehicles. Eramet obtained the lithium from brine at the Rittershoffen geothermal... →
Strong demand for diamonds, rough and smooth, boosts Alrosa sales
By: Reuters 12th May 2021 Russia's Alrosa, the world's largest producer of rough diamonds, said on Wednesday its April sales of rough and polished stones rose by 12% month-on-month to $401-million after demand for diamond jewellery strengthened in the main markets. Global demand for precious stones has been recovering... →
AfriTin completes placing to raise £13-million to advance Uis
By: Tasneem Bulbulia 12th May 2021 Aim-listed AfriTin Mining has completed the placing of 216.7-million ordinary shares through an accelerated bookbuild to raise £13-million. “We are very pleased to announce today’s oversubscribed placing, which puts the company in a position to expedite the Phase 1 expansion of our flagship Uis... →
Kinross on track to meet guidance, announces net-zero commitment
By: Mariaan Webb 12th May 2021 Gold miner Kinross produced 558 777 gold-equivalent ounces (GEOs) in the first quarter ended March and said on Tuesday that it was on track to meet its guidance of 2.4-million GEO for the year. First quarter production was lower than the 567 327 GEO produced in the same quarter of 2020. All-in... →
Iron-ore’s ‘ridiculous’ prices to stay as fear grips commodities
By: Bloomberg 12th May 2021 Iron-ore’s stunning surge won’t fade anytime soon because buyers remain nervous about being caught short as global demand accelerates amid lingering supply threats, according to a veteran commodities trader. The steelmaking material forged new all-time highs this week, soaring past $220 a ton... →
Too cold to handle? Race is on to pioneer shipping of hydrogen
By: Reuters 12th May 2021 Hydrogen is touted as an inevitable green fuel of the future. Tell that to the people who'll have to ship it across the globe at hyper-cold temperatures close to those in outer space. Yet that is exactly what designers are attempting to do. →
Renewable energy projects under investigation across AngloGold 
By: Martin Creamer 11th May 2021 Renewable energy projects are under investigation across the entire AngloGold Ashanti group, AngloGold Ashanti VP: environment Tony Da Cruz told Mining Weekly on Tuesday. Da Cruz reported that the gold mining company is also working with industry peers and vehicle original-equipment manufacturers... →
Nordgold launches Covid-19 vaccination programme
By: Tasneem Bulbulia 11th May 2021 Internationally diversified gold producer Nordgold has launched a Covid-19 vaccination campaign at several of its mines. It is working with local authorities to safeguard the health of its employees, their families and surrounding communities, the company says. →
Jadar and European Lithium to collaborate in Austria
By: Esmarie Iannucci 11th May 2021 ASX-listed Jadar Resources has entered into a collaboration agreement with fellow listed European Lithium to progress its Austrian lithium projects. Jadar holds an 80% interest in subsidiary Jadar Lithium, which holds the Weinebene and Eastern Alps lithium projects. →
Serabi to fire two Brazil-based senior managers in financial probe
By: Creamer Media Reporter 11th May 2021 London- and Toronto-listed Serabi Gold on Tuesday announced that it would terminate the employment contracts of two of its Brazil-based senior managers, after it had uncovered unsubstantiated cash withdraws amounting to $200 000. The company previously advised that audit work in Brazil had... →
Investors bet billions that the metals bull run isn’t stopping
By: Bloomberg 10th May 2021 A year into the red-hot bull run in industrial metals that’s lifted copper to record highs, investors are still piling in, staking billions of dollars that it won’t run out of steam any time soon. The word from Wall St. is “don’t stop buying now", with Goldman Sachs Group and Bank of America... →
Low carbon world needs $1.7-trillion in mining investment
By: Reuters 10th May 2021 Mining companies need to invest nearly $1.7-trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie. The United States, Britain, Japan, Canada and others raised their targets... →
Weekly Coal Index Report
10th May 2021 As the coal market rallies once more, Anglo Coal’s “Thungela” is about to see the light of day. It will no doubt act as a proxy for a pure-play tier one South African coal producer. Will shareholders abandon it as a dirty, unloved orphan, preferring the bright lights and promise of clean energy?... →
Release by AngloGold of vast exploration information attracting interest
By: Martin Creamer 10th May 2021 The release by departing AngloGold Ashanti of its vast exploration information is attracting interest, AngloGold executive VP of group planning and technical Graham Ehm said on Monday. Contained online is an exploration database involving the historic Witwatersrand Gold Basin and other goldfields... →
AngloGold executive VP of group planning and technical Graham Ehm
New report identifies global mining sector's carbon reduction opportunities
By: Tasneem Bulbulia 10th May 2021 The global mining industry must move away from legacy systems and processes if it is to meet the challenge of decarbonisation. This is according to a new report, ommissioned by engineering company Weir Group, which calculates mining’s share of global energy consumption and identifies ways the... →
Kyrgyzstan court fines Centerra Gold mining venture $3.1bn
By: Reuters 10th May 2021 A court in Kyrgyzstan on Saturday imposed a $3.1-billion fine on Kumtor Gold Company, which operates the nation's biggest gold mine, after ruling that the Canadian-owned firm had violated environmental laws. The district court decision came just a day after Kyrgyzstan's parliament passed a law... →
Gold Fields going greener and cleaner across broad front
By: Martin Creamer 7th May 2021 Gold mining company Gold Fields, which this week announced the board’s green light for a 40 MW solar photovoltaic plant at the South Deep mine, near Carletonville, intends taking short- medium- and long-term steps to lower emissions in underground mining in general and at South Deep in... →
Gold Fields' South Deep gold mine, near Carletonville
Lithium prices to normalise, as demand increases – Fitch Solutions
By: Simone Liedtke 7th May 2021 Following the spike in Chinese spot prices experienced from the end of December 2020 through to the end of January, research agency Fitch Solutions Country Risk and Industry Research expects broad lithium prices to soon normalise. Chinese spot prices for battery-grade lithium carbonate and... →
New Kyrgyz law allows for control of Kumtor
By: Mariaan Webb 7th May 2021 The Kyrgyzstan Parliament has passed a law that will enable the government to impose “external management” on the Kumtor Gold Company (KGC), owner Centerra Gold said on Friday, while also revealing that the mine faced a $3-billion civil claim and that it owed $170-million in additional taxes.... →
Artisanal and small-scale mining workforce has tripled from 2001
By: Donna Slater 7th May 2021 Mineworkers in the artisanal and small-scale mining (ASM) industry make up the world’s largest mining workforce, with the number of such workers more than tripling from 13-million estimate of 2001 by the International Labour Organisation, reveals the yearly report on the state of the ASM industry... →
UK court to reconsider £5bn Brazil dam lawsuit against BHP
By: Reuters 7th May 2021 London's Court of Appeal will hear a request to revive a £5-billion lawsuit against Anglo-Australian mining group BHP Over a 2015 dam failure in Brazil, a court order showed. Judge Nicholas Underhill has agreed to an oral hearing that could help to overturn a previous Court of Appeal decision... →
Copper jumps to record as growth bets supercharge commodities
By: Bloomberg 7th May 2021 Copper soared to an all-time high as optimism about a global rebound from the pandemic spurs a surge across commodities markets. The metal -- an economic bellwether -- is front and center in a rally that’s driven raw materials from lumber to iron ore to multiyear highs or records. Stimulus... →
Lithium producers grow bullish as EV revolution turbocharges demand
By: Reuters 7th May 2021 Rising demand for lithium is stoking prices for the electric vehicle battery metal, fueling long-delayed expansions that still may not produce adequate supplies that automakers need to meet aggressive production plans. Growing industry optimism from higher lithium prices is a change from last... →
Glasenberg says $15 000 copper needed to drive new supply
By: Bloomberg 7th May 2021 Copper will need to rise 50% further from its current near record high to encourage enough new mined supply to meet rampant demand, according to Ivan Glasenberg, the billionaire chief executive officer of Glencore. Copper topped $10 000 a metric ton last week for the first time in a decade and... →
Kagem mine helps employees get vaccinated
By: Marleny Arnoldi 7th May 2021 London-listed Gemfields’ subsidiary Kagem Mining, based in Zambia, has successfully had 250 staff vaccinated against Covid-19. Kagem has been facilitating voluntary mass vaccination of its employees by the Ministry of Health, following the arrival of the AstraZeneza vaccine in the country. →
Independent study proves evidence of platinum’s superiority over white gold, says PGI
By: Simone Liedtke 7th May 2021 The findings of an independent study, which proves the long-supported anecdotal evidence of platinum’s superiority in wear resistance and gem setting security versus that of gold jewellery, has been released by the Platinum Guild International (PGI). The most recent phase of research represented... →
German recycling plant proves up for Neometals JV
By: Esmarie Iannucci 7th May 2021 Operating and capital cost estimates for the Primobius joint venture (JV) battery recycling plant, in Germany, has been completed. ASX-listed Neometals in 2020 struck a JV agreement with mechanical engineering firm SMS group GmbH to commercialise the company’s lithium battery recycling process. →
Implementation of new tailings standard seen as key to avoiding future disasters
By: Marleny Arnoldi 7th May 2021 Stakeholders agree that it is a pity there had to be horrific tragedies before due attention was paid to dangerous tailings storage facility (TSF) practices. Australia-based tailings solutions consultancy Decipher states in the Major Tailings Dam Failures Guide, published last year, that about... →
Gold Fields chairperson Cheryl Carolus to step down at 2022 AGM
By: Martin Creamer 6th May 2021 Gold Fields chairperson Cheryl Carolus has announced that she will step down from her role and as a non-executive director with effect from the annual general meeting (AGM) in 2022. In her remarks to the 2021 AGM, which took place virtually on Thursday Carolus said she believed that after 12... →
Gold Fields has compelling ‘pure play gold’ investment case – Griffith
By: Martin Creamer 6th May 2021 Gold mining company Gold Fields has a compelling investment case for its shareholders and any investor looking for exposure in high quality and cash generative gold business, new CEO Chris Griffith said on Thursday. Answering questions during a conference call following the reporting an... →
Gold Fields CEO Chris Griffith
ICMM launches protocols, guide to improve tailings management, safety
By: Donna Slater 6th May 2021 The organisation lobbying for a safe, fair and sustainable mining and metals industry, the International Council on Mining and Metals (ICMM), has launched two new resources to support continual improvement in the safe and transparent management of tailings facilities. These resources include... →
The scene post the catastrophic tailings dam collapse at Vale’s Córrego de Feijão mine, in Brumadinho, Brazil
Net zero gold a ‘realistic prospect’ – WGC
By: Simone Liedtke 6th May 2021 The increased accessibility of means to further decarbonise electricity is creating an opportunity for gold to move towards carbon neutrality and makes net zero gold a realistic prospect, World Gold Council (WGC) market relations director and climate change lead John Mulligan said during the... →
Fitch Solutions forecasts higher iron-ore price on the back of strong Chinese demand
By: Simone Liedtke 6th May 2021 Research agency Fitch Solutions Country Risk and Industry Research has revised its iron-ore price forecast for this year higher to an average of $160/t, from its previous forecast of $120/t, as exceptionally strong demand from the Chinese and global steel industry contributed to prices breaking... →
EU leaders want to challenge perceptions of lithium mining
By: Reuters 6th May 2021 Environmental worries have boosted anti-lithium sentiment across Europe and EU officials say it is crucial to show local populations that mining the metal used in electric car batteries is no longer a "dirty operation". Tapping European deposits of lithium is an important part of the bloc's... →
Ganfeng agrees takeover of Bacanora in $264.5m deal
By: Reuters 6th May 2021 China's Ganfeng Lithium, one of the world's top lithium producers, on Thursday said it had offered to buy the shares it does not already own in Mexico-focused Bacanora Lithium for up to 190-million pounds ($264.5-million). The deal, which values Bacanora at up to around 267-million pounds,... →
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