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Pt 1030.00 $/oz Change: -16.23
 

Europe News

Sylvania records record PGM performance at Tweefontein

By: Simone Liedtke     Updated 2 minutes ago Aim-listed Sylvania Platinum achieved a record platinum-group metal (PGM) production performance at its Tweefontein project, which contributed 2 209 oz towards the Sylvania Dump Operations (SDO) achieving 15 771 oz of platinum, palladium, rhodium and gold (4E) output in the first quarter of the... 

Platinum's atypical alkaline electrolyser role lowering hydrogen cost outlook

By: Martin Creamer     Updated 3 hours ago Platinum group metals (PGMs) are lifting the performance of an alkaline electrolyser, which is helping to lower the cost outlook of green hydrogen. PGMs have been incorporated in the catalytic coatings of the electrodes of the prototype Advanced Alkaline Electrolyser (AAE) alkaline electrolyser... 

Creamer Media screenshot of Hydrox electrolyser.
Photo by Creamer Media
Hydrox’s PGM-using alkaline electrolyser.

Akobo paves way for investors in Ethiopia to hold, repatriate foreign currency from offshore accounts

By: Simone Liedtke     25th October 2021 Norway-based gold explorer Akobo Minerals paves the way for a resurgent Ethiopian mining industry by clearing a major hurdle for investors to be granted the right to hold and repatriate foreign currency from offshore accounts. Last month, Akobo and the Ministry of Mines entered into an agreement... 

Baita Plai production increase delayed

By: Mariaan Webb     25th October 2021 UK-headquartered Vast Resources has pushed back the start date of planned higher production volumes at its Baita Plai mechanised mine, in Romania, citing labour constraints, geotechnical challenges and supply chain issues. The company said that the fundamentals of the mechanised mine plan... 

Kefi ready to restart Tulu Kapi project after security incident

By: Simone Liedtke     25th October 2021 Gold and copper explorer and developer Kefi Gold and Copper has reached a positive resolution to the recent security situation at the company's Tulu Kapi gold project, in Ethiopia. The resolution follows security issues that arose during September, which led security authorities to request a... 

Botswana Diamonds to raise £550 000

By: Tasneem Bulbulia     25th October 2021 Aim-listed Botswana Diamonds has undertaken a company-arranged placing with existing and new investors to raise £550 000 through the issue of 55-million new ordinary shares at a placing price of 1p a share. The funds will be used for exploration activities during the current year in Botswana and... 

Weekly SA coal report

25th October 2021 Coal prices came down to earth in a sustained sell-off last week, as the market tried to find a level amidst falling global natgas prices and Chinese domestic coal prices. Demand destruction, price caps and forced shutdowns of some parts of Chinese industry have helped reign in runaway makets.... 

An image of a table containing the latest spot coal prices

Kore Potash advances optimisation study, financing for Kore project

By: Marleny Arnoldi     25th October 2021 London-listed Kore Potash says work on an optimisation study and financing arrangements for the Kola project, in Congo-Brazzaville, is progressing on schedule. The optimisation study remains on track for completion in the first quarter of next year, with an interim report on the study due... 

Gold hovers near key $1 800 level as softer dollar lifts appeal

By: Reuters     25th October 2021 Gold prices held firm on Monday near the key level of $1 800 as a drop in the US dollar bolstered bullion's safe-haven appeal, while investors cautiously eyed the next Federal Reserve meet for guidance on its monetary policy. Spot gold was up 0.6% at $1 803.06/oz, as of 08:58 GMT. US gold... 

An image of gold bars and coins.

Sibanye-Stillwater in talks to buy Brazil nickel and copper assets 

By: Mariaan Webb     25th October 2021 Precious metals miner Sibanye-Stillwater is in talks to buy nickel and copper assets in Brazil, as it looks to step up supplies of raw materials that are key to the transition to low-carbon energy sources. The South Africa-based miner on Monday confirmed that it was in negotiations with... 

An image of the Santa Rita openpit
The Santa Rita operation, in Brazil

Canada’s First Nations see green hydrogen as an indigenous reconciliation opportunity 

By: Martin Creamer     25th October 2021 Hydrogen systems are not only going to be green, clean and low emission but they are also going to be local – and Canada’s First Nations see them as an indigenous reconciliation opportunity. “They’re going to be local energy systems,” Change Energy principal Rymal Smith said in response to Fasken... 

Creamer Media screenshot during Fasken webinar
Photo by Creamer Media
Bimaadzwin CEO Isadore Day

Grosvenor Resources’ £5.6m investment in Ironveld pending shareholder approval

By: Simone Liedtke     22nd October 2021 Aim-listed iron-ore miner Ironveld is considering a proposed new major investment by natural resource company Grosvenor Resources, which will potentially invest £5.6-million in the company through a subscription for more than 561.5-million new ordinary shares. Grosvenor is a new South African... 

Hummingbird’s production impacted on by equipment availability

By: Simone Liedtke     22nd October 2021 Aim-listed Hummingbird Resources poured 22 102 oz of gold during its third quarter, with sales for the period amounting to 22 255 oz at an average realised price of $1 782/oz. This left the gold miner with a gold inventory of 2 769 oz at the end of September, valued at $4.8-million. 

Zijin opens Serbian copper and gold mine

By: Reuters     22nd October 2021 China's Zijin Mining began operations at a new Serbian copper and gold mine expected to make the Balkan country Europe's second-largest copper producer. The Cukaru Peki upper zone of the Timok copper and gold project is part of Serbia's only copper mining complex, the RTB Bor operation owned by... 

The Cukari Peki upper zone of the Timok project is part of Serbia's only copper mining complex, the RTB Bor operation owned by Zijin.
The Cukari Peki upper zone of the Timok project is part of Serbia's only copper mining complex, the RTB Bor operation owned by Zijin.

Polish miners take to Luxembourg streets in mine closure protest

By: Bloomberg     22nd October 2021 A group of about 2 000 Polish miners has traveled more than 800 km to Luxembourg to protest against the decision of the European Court of Justice to halt production at their lignite mine. The Friday demonstration, heavily guarded by the Luxembourg and Belgian police, comes five months after the... 

Metals rebound as world's energy crisis keeps roiling the market

By: Bloomberg     22nd October 2021 Base metals were mostly higher, paring a weekly slump, as the global energy crisis kept roiling the energy-intensive sector. The global energy shortage, fueled by record coal and gas costs, has forced metal output cuts from China to Europe, depleting inventories. Freeport-McMoRan, the world’s... 

Metals rebound as world's energy crisis keeps roiling the market

Mine operators need to take hydrogen very seriously, law firm webinar hears 

By: Martin Creamer     22nd October 2021 Mine operators need to take hydrogen and fuel cells very seriously as a pathway to decarbonisation, a webinar hosted by law firm Fasken heard this week. “There’s no pathway to zero carbon that does not include hydrogen and fuel cells,” H2GO Canada CEO Bob Oliver stated emphatically in response to... 

Creamer Media screenshot
Photo by Creamer Media
From to left, clockwise, Dan Brock, Isadore Day, Al Davidson, Rymal Smith and Bob Oliver.

Russia to test air quality monitoring on Nornickel with view to going nationwide

By: Reuters     21st October 2021 Russia will start testing a potentially nationwide real-time system to monitor air quality at metals giant Nornickel's base in the industrial Arctic city of Norilsk next year, the company and a government official said on Thursday. Nornickel, the world's leading nickel and palladium producer,... 

An image of Russia's Arctic city of Norilsk

No zero carbon without green hydrogen, US pledging $1/kg coal-parity price 

By: Martin Creamer     21st October 2021 The world will be unable to meet its zero-carbon targets without the introduction of green hydrogen solutions, says Plug Power chief strategy officer Sanjay Shrestha, at a time when the US has launched a programme to cut the cost of clean hydrogen by 80%. Nasdaq-listed Plug Power, a pure play... 

Creamer Media Screenshot
Photo by Creamer Media
Plug Power chief strategy officer Sanjay Shrestha

Bushveld Minerals enters fourth quarter on solid footing

By: Simone Liedtke     21st October 2021 Aim-listed integrated primary vanadium producer Bushveld Minerals achieved a 19% quarter-on-quarter increase in production for the third quarter, which the company said was underpinned by operational stability at Vametco. Bushveld, which is also an energy storage solutions provider with ownership... 

Pic of Bushveld CEO Fortune Mojapelo
Photo by Creamer Media
Bushveld CEO Fortune Mojapelo

Diamonds, iron-ore drive 2% rise in Anglo American's third-quarter output  

By: Simone Liedtke     21st October 2021 Diversified miner Anglo American achieved a 2% increase in production for the third quarter, ended September 30, which CEO Mark Cutifani largely attributed to planned higher rough diamond production at its De Beers subsidiary, as well as increased production from the Minas-Rio iron-ore project,... 

A photo of Mark Cutifani, CEO of Anglo American
Photo by Bloomberg
Anglo American CEO Mark Cutifani

Lithium supply gap will require ’60 Jadar mines’ – Rio Tinto

By: Mariaan Webb     21st October 2021 Mining major Rio Tinto is forecasting a “substantial” supply gap for lithium, which is experiencing rapid demand growth on the back of accelerating electric vehicle (EV) uptake, and argues that the gap has to be addressed “within the next ten years”. In a trajectory toward net zero, the global... 

An image of exploration at the Jadar site in Serbia
Exploration under way at Jadar, in Serbia

De Beers tightens full-year output guidance at 32m carats

By: Chanel de Bruyn     21st October 2021 Diamond miner De Beers expects to produce about 32-million carats for the full-year, which is at the lower end of its initial guidance of 32-million to 33-million carats. Reporting on its production performance in the third quarter ended September 30, the Anglo American subsidiary said demand for... 

A photo of rough diamonds

Millennials, Gen Z consumers the driving force of future platinum purchases

By: Simone Liedtke     21st October 2021 Global consumer markets such as China, India and the US are steadily recovering from the Covid-19 pandemic, with luxury shoppers showing greater optimism and improved consumer sentiment across all categories, especially precious platinum jewellery, the Platinum Guild International (PGI) has... 

US plan would block Antofagasta Minnesota copper mine

By: Reuters     21st October 2021 The US Forest Service on Wednesday proposed a 20-year ban on mining in Minnesota's Boundary Waters region, a step that would block Antofagasta's Twin Metals copper and nickel mine project. The announcement reversed a decision by former President Donald Trump and set off a review of how mining... 

An image of a nature landscape

Fresnillo CEO says Mexico's mining situation 'unfavourable'

By: Reuters     21st October 2021 The chief executive of Mexico's top precious metals miner Fresnillo on Wednesday described the current government's policies as "unfavorable" for the key industrial sector. Mexican President Andres Manuel Lopez Obrador's government has been criticized by the mining industry for its policy of no... 

An image of a mining operation

Anglo appoints all-rounder to board and audit, remuneration committees

By: Marleny Arnoldi     20th October 2021 Diversified miner Anglo American has appointed Ian Tyler nonexecutive director, effective January next year, and as chairperson of both the audit and remuneration committees, effective April next year. Anne Stevens and Dr Byron Grote will step down as nonexecutive directors in April 2022,... 

Chinese sovereign mint launches platinum Panda coins

By: Marleny Arnoldi     20th October 2021 The People’s Bank of China has launched a set of Panda precious metal coins, in celebration of the iconic Panda series’ fortieth anniversary on October 20. The range includes the first platinum Pandas to be released since 2005.  

People's Bank of China Panda 2022 platinum coin
People's Bank of China Panda 2022 platinum coin

Voted-out Gilbertson wishes Jupiter godspeed, CEO moved off board

By: Martin Creamer     20th October 2021 A resolution for the removal of the MD and CEO of the ASX-listed Jupiter Mines as a member of the board was passed at the company’s general meeting on Wednesday, when mining doyen Brian Gilbertson was not re-elected as chairperson. Jupiter’s focus is on the highly successful Tshipi Borwa... 

Creamer Media picture of Gilbertson for story of him bowing out of Jupiter October 2021
Photo by Creamer Media
Brian Gilbertson

Family who exited De Beers for $5bn seeks out Asia’s rich

By: Bloomberg     20th October 2021 The family office for Nicky Oppenheimer and his son Jonathan has set up an outpost in Singapore to boost its Asia exposure and partner with the region’s wealthy. Edoardo Collevecchio, the former chief of staff for Oppenheimer Generations, is moving from London to build and lead its team in... 

Angola's Catoca says tailings leak contained no hard metals

By: Reuters     20th October 2021 Angola's Catoca diamond mine said a July tailings leak, which turned a river red and killed large numbers of fish downstream in the Democratic Republic of Congo, contained a mixture of sand and clay, but no hard metals. Congo's government has said the tailings breach killed 12 people and made... 

De Beers’ latest sales cycle rakes in $490m

By: Marleny Arnoldi     20th October 2021 Diamond miner De Beers Group estimates it sold $490-million of rough diamonds for its eighth sales cycle of this year. The sales figure represents anticipated sales value for October 4 to 19 and is subject to adjustment.  

Global mining sector sees ESG focus as top risk or opportunity 

By: Tasneem Bulbulia     19th October 2021 Global mining executives rank environment, social and governance (ESG), decarbonisation and license to operate (LTO) as the top three risks and opportunities facing their businesses over the next 12 months, according to the latest EY 'Top 10 Business Risks and Opportunities for Mining and Metals... 

Global mining sector sees ESG focus as top risk or opportunity

Policy-not-law charter judgment going long way towards providing certainty – NSDV 

By: Martin Creamer     19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan ­– but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... 

Picutre supplied by NupenStaudeDeVries
NSDV mining law senior associate Muhammed Khan.

Diamond market ‘fully recovered from pandemic’

By: Mariaan Webb     19th October 2021 A structural decline in diamond production and growing end-user demand have created favourable conditions for sustained price growth, especially for rare rough and polished diamonds. In its yearly diamond investment market report, Alrosa states that the diamond market has "fully recovered from... 

An image of diamond and gold jewellery

No. 1 uranium miner backs physical fund in nod to robust demand

By: Bloomberg     19th October 2021 Kazatomprom, the world’s largest uranium miner, is backing a new uranium fund that aims to invest in the radioactive metal used to power nuclear reactors. ANU Energy OEIC was established as a fund to hold physical uranium as a long-term investment, with initial purchases financed from a... 

Keliber granted safety permit for Syväjärvi

By: Creamer Media Reporter      19th October 2021 The Finnish Safety and Chemicals Agency has granted a mining safety permit for Keliber’s second largest deposit, Syväjärvi. The permit, granted last week, includes immediate execution, despite eventual appeals.  

B2Gold hikes FY guidance, ups stake in Finland exploration JV

By: Mariaan Webb     19th October 2021 Canadian bullion miner B2Gold has hiked its 2021 guidance to between 1.012-million and 1.055-million ounces, following a strong third quarter in which output came in above target. The company produced 310 261 oz, including 14 538 oz of attributable production from its interest in Calibre... 

An image of the Fekola site
The Fekola mine, in Mali.
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