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Europe News

High-flying Anglo Platinum’s stakeholders receive nigh-R40bn boost 

By: Martin Creamer     26th July 2021 The strong operational and financial performance of platinum group metals company Anglo American Platinum in the six months to June 30 translated into nearly R40-billion worth of benefits for stakeholders including the fiscus, local and doorstep suppliers and communities. In light of the impact... 

Galantas kicks off new drilling programme at Omagh

By: Creamer Media Reporter      26th July 2021 TSX-V and Aim-listed Galantas Gold on Monday announced a new surface and underground exploration programme, comprising 4 000 m of diamond drilling at the Omagh gold mine, in Northern Ireland. Drilling would focus on the Kearney and Joshua veins, two of many high-priority targets on the company’s... 

Galantas kicks off new drilling programme at Omagh

Weekly Coal Index Report

26th July 2021 Australian coal prices continue to firm as the Newcastle vessel queue sticks above 40, ensuring the FOB spread remains well over U$25 in favour of Australian coal. However, at around US$150, Newcastle prices may have topped out for now. Chinese domestic prices are also a little softer, after a... 

Image of the African Source markets logo

Metals make climate change mitigation possible – Citi Research 

By: Martin Creamer     23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... 

A graphic compiled the Citi Research on the fast and moderate way of meeting the Paris climate change accord.
Complying with the Paris agreement on climate change mitigation.

Berkeley takes first steps to overturn unfavourable Salamanca decision

By: Creamer Media Reporter      23rd July 2021 Uranium developer Berkeley Energia has taken the first steps to overturn the unfavourable decision by the Nuclear Safety Council (NSC) for its Salamanca project in Spain. The NSC earlier this month blocked the London-headquartered company’s planned uranium in the west of Spain on safety... 

Cora Gold targeting resource growth with southern Mali drill programme

By: Simone Liedtke     23rd July 2021 West African-focused gold explorer Cora Gold is targeting resource growth at its Sanankoro gold project, in southern Mali, and has received the eighth set of drill results from the drill campaign at the project. The results, to date, have been “extremely encouraging”, with good widths and... 

Hudson says Greenland projects unaffected by legislative changes

By: Creamer Media Reporter      23rd July 2021 Proposed legislation changes to ban uranium prospecting, exploration and exploitation in Greenland will not affect Hudson Resources’ projects in that country, president Jim Cambon said on Thursday. The ban does not cover other radioactive elements, such as thorium, although the proposed Bill... 

Thermal coal prices to weaken by the end of this year, says Fitch Solutions

By: Simone Liedtke     23rd July 2021 Fitch Solutions Country Risk and Industry expects thermal coal prices to peak during the third quarter of this year and then weaken “substantially” by the end of the year. In spite of this forecast, the research firm increased its average price forecast for the year to $85/t, up from $72/t... 

Extremely strong demand for platinum bar and coin – WPIC  

By: Martin Creamer     22nd July 2021 Extremely strong demand for platinum bar and coin is being seen around the world, particularly in the US, along with growth in demand for platinum exchange traded funds (ETFs), mainly out of North America and Europe,  World Platinum Investment Council (WPIC) head of research Trevor Raymond said... 

Picture of WPIC research head Trevor Raymond
WPIC Research Head Trevor Raymond interviewed by Mining Weekly's Martin Creamer.

Centamin on track to meet full-year guidance, posts solid second-quarter output 

By: Simone Liedtke     22nd July 2021 Gold producer Centamin is set to maintain its full-year gold production and cost guidance of between 400 000 oz and 430 000 oz at cash costs of between $800/oz and $900/oz on the back of another solid operational performance for the second quarter ended June 30. All-in sustaining cost (AISC) for... 

Altus granted new silver, copper projects in Morocco

By: Tasneem Bulbulia     22nd July 2021 Mining royalty company Altus Strategies has been granted four new exploration projects, as well as an extension to the Agdz project, totalling 148.5 km2 in Morocco. The projects were awarded to the company's 100% owned subsidiary Aterian Resources as part of a competitive tender process. 

Kavango starts drilling in Botswana

By: Simone Liedtke     21st July 2021 LSE-listed Kavango Resources has started drilling on Target A2 in the northern (Hukuntsi) section of the Kalahari Suture Zone (KSZ) in Botswana. The goal of this geological borehole is to retrieve core samples from the bottom of the "Norilsk-style keel" at A2. 

Bushveld’s vanadium output recovers after slow first quarter 

By: Marleny Arnoldi     21st July 2021 Aim-listed Bushveld Minerals has reported a significant increase in production in the second quarter of the year, albeit from a low base in the first quarter of the year. The integrated primary vanadium producer, with its Vametco, Brits and Mokopane assets in the Bushveld Complex of South... 

Bushveld Minerals' Vametco plant
Bushveld Minerals' Vametco plant

Petropavlovsk reaffirms guidance

By: Mariaan Webb     21st July 2021 Russian gold miner Petropavlovsk has reaffirmed its guidance for 2021 of 430 000 oz to 470 000 oz, comprising own production of 370 000 oz to 390 000 oz. The London-listed miner produced 195 000 oz in the first half of the year, a 39% decrease on the 320.6-million ounces of the first half of 2020. 

Petropavlovsk reaffirms guidance

Antofagasta copper output down 2.8% in H1, 2021 guidance unchanged

By: Reuters     21st July 2021 Chilean miner Antofagasta said on Wednesday copper production in the first half of 2021 fell 2.8% to 361 500 t from the same year-ago period, due to lower recoveries and grades at some operations. In the second quarter, copper output stood at 178 400 t, down from 183 000 t in the previous... 

Record Cullinan performance drives improvement in Petra’s full-year output

By: Simone Liedtke     21st July 2021 Diamond miner Petra Diamonds produced 3.2-million carats at its operations in the financial year ended June 30. The Cullinan mine’s performance, which contributed production of more than 1.9-million carats, was offset by lower production at Finsch and Koffiefontein, while the Williamson mine, in... 

Pic/Image of Cullinan_plant_fines_plant_feed_belt
Petra Diamonds' Cullinan Mine.

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

BHP is said to mull oil exit as miner retreats from fossil fuels

By: Bloomberg     20th July 2021 BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter. The world’s biggest miner is reviewing its petroleum business and considering options including a trade sale, said... 

An image showing an oil rig at night

Hummingbird ups quarterly output, lowers AISC

By: Marleny Arnoldi     20th July 2021 Aim-listed Hummingbird Resources produced 24 494 oz of gold in the second quarter of the year, on par with its production guidance for the full-year of between 100 000 oz and 110 000 oz of gold. The company expects full-year production to be weighted towards the second half of the year.  

Papillon to be readmitted to LSE next month

By: Simone Liedtke     20th July 2021 Investment company Papillon Holdings’ prospectus, which relates to the company’s readmission on the LSE, has been approved by the Financial Conduct Authority (FCA). The company is expected to be readmitted to the official list of the FCA and to be trading on the LSE by August 23, with a dual... 

Contango progresses Garalo-Ntiela work programme

By: Tasneem Bulbulia     20th July 2021 London-listed natural resource development company Contango Holdings expects to receive the results from an aeromagnetics and airborne geophysics survey of its Garalo-Ntiela gold project, in Mali, to be available in early August. The survey started and was completed this month. 

Anglo increasingly focused on future-enabling decarbonising metals, minerals – Cutifani 

By: Martin Creamer     20th July 2021 The portfolio and growth investments of diversified mining company Anglo American is increasingly focused future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers' growing needs, from luxury to everyday life. This was stated by Anglo... 

A picture of Anglo American's CEO, Mark Cutifani.
Anglo American CEO Mark Cutifani

Goldplat increasing its interest in Goldplat Recovery through buyback programme

By: Simone Liedtke     20th July 2021 Aim-listed gold producer Goldplat’s share price on the LSE rose by 15% on the morning of July 20, as the company announced that it was increasing its interest in Goldplat Recovery Limited (GRL), its principal operating subsidiary, from 74% to 90.63% through the buyback of GRL shares from its... 

Carbon emissions to reach record levels in 2023 as stimulus spending fails to match net-zero ambition 

By: Terence Creamer     20th July 2021 The financial resources allocated by governments globally to clean-energy measures in response to the Covid-19 crisis currently represents only 2% of the $16-trillion in total fiscal support set aside for economic stimulus, the International Energy Agency’s (IEA’s) new Sustainable Recovery... 

Photo of IEA executive director Fatih Birol
IEA executive director Fatih Birol

Kavango further defines South Ganzi mineralisation

By: Marleny Arnoldi     19th July 2021 London-listed Kavango Resources has reported more positive soil sampling results from its South Ganzi base metals project, in the Kalahari Copper Belt, in Botswana. The company has now completed 150 km of sampling lines over the Acacia and Morula targets.  

Goldplat extends Papillon, Mayflower readmission deadline to next month

By: Simone Liedtke     19th July 2021 Aim-listed gold producer Goldplat has provided Mayflower Gold and Papillon an extension to August 23 to complete their readmission to trading on the LSE. The extension takes place after Papillon was unable to readmit to trading on the LSE by July 16, which meant that the full initial... 

Shanta gives insight into five-year plan on the back of solid second-quarter performance

By: Simone Liedtke     19th July 2021 Aim-listed Shanta Gold will be rapidly reducing its cost base between now and 2025, with the company exploring the possible addition of a fourth ball mill, which will increase plant throughput beyond 2 450 t a day and reduce cut-off grades. Group-wide gold production from its Tanzanian assets is... 

Pic/Image of Shanta Gold's New Luika mine, in Tanzania.
Shanta Gold's New Luika mine, in Tanzania.

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Vulcan signs offtake over Zero Carbon project

By: Esmarie Iannucci     19th July 2021 Lithium developer Vulcan Energy has inked a binding lithium hydroxide offtake term sheet with lithium-ion battery producer LG Energy Solution. The agreement is for an initial five-year term, but can be extended by a further five years. 

Danfoss, DryTech and BMG improving material processing in South Africa

By: Tasneem Bulbulia     16th July 2021 Danish engineering company Danfoss, in support of engineering components provider BMG Electronics, has helped to assist DryTech International in its development of a unique wet screw feeder for use by a South African platinum mine in its processing plant and smelter, in Limpopo. DryTech provides... 

Fox-Davies unpacks the growing market dynamics for potash, phosphates  

By: Marleny Arnoldi     16th July 2021 The fertiliser industry is poised to benefit from increased consumption in coming years, with the global population being forecast to reach 9.7-billion in 2064, says advisory firm Fox-Davies Capital. The firm’s market analysis suggests that both potash and phosphates is approaching production... 

Small miners aim for European supply chain for EVs independent from China

By: Reuters     16th July 2021 Growing demand for electric vehicles has spurred small-scale miners of the lithium, cobalt and rare earths that automakers rely on to develop mines and build refining capacity in Europe to reduce their reliance on China. Efforts by the United States and Europe to build a secure and independent... 

Greenland scraps all future oil exploration on climate concerns

By: Bloomberg     16th July 2021 Greenland dropped all plans for future oil exploration on environmental grounds, saying the price of extraction was “too high". The island’s socialist-led government, in office since April, has made climate concerns central to its legislative program. While the decision to scrap planned... 

Greenland scraps all future oil exploration on climate concerns

Clean, green copper to be produced at Kamoa’s hydropowered DRC operation 

By: Martin Creamer     16th July 2021 Clean, green copper is to be the order of the day at the Kamoa Copper operation in the Democratic Republic of Congo, where the Ivanhoe Mines-Zijin operation has secured clean, renewable hydro-generated electricity. “The upgrade of the Mwadingusha hydropower plant has been very successful. The... 

A picture of the Mwadingusha hydropower plant on the Lufira river in the Democratic Republic of Congo.
The Mwadingusha hydropower plant on the Lufira river.

Rainbow Rare Earths’ Phalaborwa project development continues unabated

By: Marleny Arnoldi     16th July 2021 London-listed Rainbow Rare Earths as assured its shareholders that its Phalaborwa project has not been impacted by the civil unrest in South Africa. The company confirmed in a statement on July 16 that its work continues unabated, which, at the moment, entails an optimised process flow sheet... 

MCA questions EU's new carbon tax

By: Esmarie Iannucci     16th July 2021 The Minerals Council of Australia (MCA) has cautioned on the use of a carbon tariff on imported materials, as the European Commission adopted a proposal for a new Carbon Border Adjustment Mechanism (CBAM). The CBAM will put a carbon price on imports of a targeted selection of products so that... 

Altech launches German R&D facility

By: Esmarie Iannucci     16th July 2021 High purity alumina (HPA) producer Altech Chemicals has officially opened its research and development (R&D) workshop at the DOCK3 industrial development center, in Saxony Germany. Altech intends to establish an advanced battery materials R&D facility with a focus on the coating of nano coated... 

IEA report points to growth in global electricity demand this year

By: Donna Slater     15th July 2021 The International Energy Agency (IEA) expects global electricity demand to rebound strongly this year and next. Electricity demand decreased by about 1% in 2020, but is expected to grow by 5% this year and by 4% in 2022, a new IEA report shows.  

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