R/€ = 16.96 Change: 0.09
R/$ = 16.26 Change: 0.06
Au 1809.07 $/oz Change: 0.21
Pt 881.00 $/oz Change: -5.00

Europe News

South Africa in a position to export energy – Anglo American Platinum 

By: Martin Creamer     28th June 2022 South Africa is one of only four countries that has more renewable energy available to it than what it needs for itself, which places the country in a very strong position to be able to export energy, with hydrogen in the form of ammonia, hydrogen gas or liquid hydrogen among the best ways of... 

Bill Gates-led fund backs startup with cheaper way to move hydrogen

By: Bloomberg     28th June 2022 A hydrogen molecule is tiny. So tiny, in fact, that trying to store and transport it via existing tanks and pipes can end up causing cracks in steel. If hydrogen is to become a clean fuel of the future, urgent technological solutions are needed to keep it in place and move it at will. Enter... 

G7 agrees to study Russian energy price caps

By: Reuters     28th June 2022 G7 leaders have agreed to study placing global price caps on imports of Russian energy to curb Moscow's ability to fund its invasion of Ukraine and to contribute up to $5-billion to address global food insecurity, officials said on Tuesday. The war in Ukraine and its dramatic economic fallout,... 

An image of the G7 leaders in Germany

G7 to allow fossil-fuel financing if climate pledges are kept

By: Bloomberg     28th June 2022 Group of Seven (G7) nations are set to allow some exceptional public financing of overseas fossil-fuel projects to continue provided that the investments are consistent with prior climate-change agreements, according to people familiar with the matter. The final text of the leaders’ statement,... 

SSR faces temporary halt at Turkey mine over cyanide leak

By: Mariaan Webb     28th June 2022 US-based SSR Mining’s stock fell on Monday as the company reported a cyanide leak at its Çöpler mine, in Turkey, which may result in a temporary suspension of operations. SSR, which is listed on the Nasdaq, TSX and ASX, said local Turkish media and social media posts from the Environment... 

The Copler sulphide plant
The Copler sulphide plant

Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90%  

By: Martin Creamer     27th June 2022 Going forward, combined renewables plans already in place are poised to slash Scope 2 emissions at Exxaro Resources’s Grootegeluk coal mine in Limpopo by up to 90%. The renewable strategy being executed by coal miner Exxaro’s wholly owned green energy arm – Cennergi – is the key driver of the... 

Exxaro/Cennergi MD Energy Roland Tatnall
Exxaro/Cennergi MD energy Roland Tatnall interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer,

Optimisation study slices half-a-billion dollars off Kola project’s capital cost  

By: Marleny Arnoldi     27th June 2022 Dual-listed Kore Potash has announced that the capital cost estimation for its Kola potash project, in Congo-Brazzaville, has decreased by $520-million to $1.8-billion, following the completion of an optimisation study on the project. Sepco Electric Power Construction Corporation undertook the... 

A photo of potash ore

Norway, EU agree closer cooperation on batteries, raw materials

By: Reuters     27th June 2022 Norway and the European Union will closely cooperate on battery value chains and raw material supply as part of efforts to tackle climate change, they announced during a Norway visit by European Commission Vice President Maros Sefcovic. Sustainable value chains for minerals, metals and batteries... 

WDC president says there seems to be movement towards KP reform

By: Marleny Arnoldi     27th June 2022 There seems to be a positive shift in the readiness of World Diamond Council (WDC) members to reforming the Kimberley Process (KP), says president of the organisation Edward Asscher. In closing the 2022 KP Intersessional, which was hosted in Botswana last week, he highlighted that strong... 

Metals haven’t crashed this hard since the great recession

By: Bloomberg     27th June 2022 Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s... 

£40m financing opened new chapter for Cornish Metals

By: Mariaan Webb     27th June 2022 The completion of the £40-million financing, including an investment by Vision Blue Resources, last month has opened a new chapter for TSX-V and Aim-listed Cornish Metals, which plans to reopen the historic South Crofty tin mine, in the UK. The company aims to advance South Crofty to a... 

£40m financing opened new chapter for Cornish Metals

Ban on new gold imports from Russia seen as 'largely symbolic’

By: Bloomberg     27th June 2022 The plan by some Group of Seven nations to ban new gold imports from Russia is “largely symbolic” as flows have already been restricted by sanctions, according to analysts. The US, UK, Japan and Canada plan to announce the ban during the G-7 summit that started Sunday in Germany. While the UK... 

Ban on new gold imports from Russia seen as 'largely symbolic’

Gold rises as G7 nations plan to ban bullion imports from Russia

By: Reuters     27th June 2022 Gold prices gained on Monday, as news of some Western nations planning to officially ban imports of the metal from Russia for its invasion of Ukraine sparked some interest in bullion. Spot gold rose 0.5% to $1 835.75/oz by 05:20 GMT. US gold futures were up 0.4% at $1 837.30. "The G7 import ban... 

Biden urges G7 to stay together as leaders target Russian gold, oil price

By: Reuters     27th June 2022 US President Joe Biden told allies "we have to stay together" against Russia on Sunday as G7 leaders gathered for a summit dominated by war in Ukraine and its impact on food and energy supplies and the global economy. At the start of the meeting in the Bavarian Alps, four of the Group of Seven... 

Iron-ore output poised to grow globally up to 2030

By: Marleny Arnoldi     24th June 2022 Research agency Fitch Solutions Country Risk & Industry Research believes global iron-ore production is likely to accelerate between 2022 and 2026, after stagnating somewhat over the past five years. The agency forecasts global iron-ore mine output to grow by an average 2.7% over the period,... 

Fortescue iron-ore being transported
Photo by Bloomberg
Fortescue iron-ore

High-purity manganese facing phenomenal demand growth, PDAC hears 

By: Martin Creamer     24th June 2022 The commitment of at least six major motor companies to manganese-based batteries for battery electric vehicles (BEVs) is elevating the demand outlook for high-purity manganese phenomenally, a Prospectors & Developers Association of Canada (PDAC) conference has been told. CPM Group lead manganese... 

Creamer Media screenshot.
CPM Group lead manganese analyst Andrew Zemek.

Japan to end financing of key coal projects under climate pledge

By: Bloomberg     24th June 2022 Japan will withdraw financing for key coal-fired power plant projects in Bangladesh and Indonesia under efforts aimed at accelerating a global phase-out of the dirtiest fossil fuel. Asia’s second-largest economy will stop providing government-backed yen loans to the Matarbari 2 coal expansion... 

Swiss customs say Russian gold import arrived from the UK

By: Bloomberg     24th June 2022 Gold recorded as originating from Russia arrived in Switzerland from the UK last month, according to the Swiss Federal Customs Administration. More than 3 t of gold -- worth about $200-million -- was recorded as being imported from Russia to Switzerland last month, according to customs data. The... 

An image showing gold bars

Highfield receives Muga potash construction licences

By: Darren Parker     24th June 2022 ASX-listed Highfield Resources has received a licence to construct the mine gate and two underground declines at its flagship Muga potash project, in Spain. The local Townhalls, or councils, of Undués de Lerda and Sangüesa in Navarra are the responsible approving authorities for the mine gate... 

Deeming could bring regulatory certainty to much-needed minerals investment – NSDV  

By: Martin Creamer     23rd June 2022 The detraction of the South African investment market is the uncertainty around approval timelines and the implementation of a deeming provision could change all that by treating applications as approved after the passing of a set period of time. Many want to invest in exploration and mining... 

NSDV advisory head Mark Gilbert.
NSDV Advisory Head Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Ireland’s Arkle makes Zim entry with eye on lithium

By: Mariaan Webb     23rd June 2022 Ireland-based exploration company Arkle Resources is making an entry into Zimbabwe, with its focus on three licences where it will prospect for lithium. The company, which is listed on London’s Aim market, believes the licences, covering 163 ha, represent a low-cost entry into one of the biggest... 

An image of Arkle Resources chairperson John Teeling
Arkle Resources chairperson John Teeling

Bluejay chairperson resigns

By: Mariaan Webb     23rd June 2022 Exploration and development company Bluejay Mining has announced the resignation of executive chairperson Rod McIllree from the board of directors. The company said that it had withdrawn the resolution seeking his re-election at the annual general meeting on Thursday. Bluejay’s most advanced... 

Sustainability taking front seat at Harmony Gold  

By: Martin Creamer     22nd June 2022 Large South African gold miner Harmony Gold sees R500m/y savings from Phase 2 on-balance-sheet renewables projects. This means the estimated R1.5-billion cost of the planned 137 MW second phase solar power projects will be covered in three years. 

Picture supplied
Harmony Gold investor relations head interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Gold firms as economic fears return to centre stage

By: Reuters     22nd June 2022 Gold rose on Wednesday as renewed fears of a recession bolstered bullion's allure as a safe haven and countered pressure from a firmer dollar, while investors awaited monetary policy cues from the Federal Reserve. Spot gold reversed initial declines to rise 0.4% to $1 839.86/oz by 11:45 GMT,... 

De Beers' latest sales cycle generates $650m

By: Creamer Media Reporter      22nd June 2022 Diamond miner De Beers' fifth sales cycle of this year generated $650-million, as US diamond jewellery demand remained strong. Sales revenues were higher than the $477-million generated for the fifth sales cycle of 2021 and the $604-million generated during the fourth sales cycle of this year. 

De Beers CEO Bruce Cleaver
De Beers CEO Bruce Cleaver

CEO of sanctions-hit gold miner Nordgold steps down

By: Reuters     22nd June 2022 Russia-focused gold producer Nord Gold (Nordgold), which has been hit by harsh U.S. sanctions, said on Tuesday that its CE Nikolai Zelenski had stepped down from the company on June 17 to pursue personal investment opportunities. "There has been no decision on a new CEO appointment. The company... 

Small diamond miners want big licence holders built in so they can grow sector together  

By: Martin Creamer     21st June 2022 Small diamond miners want to lock arms with all stakeholders through the South African Diamond Producers’ Organisation (Sadpo) to recover a large number of lost jobs and to realise the full potential value alluvial diamonds. “The role of Sadpo is to take on those big conversations and make sure... 

Picture supplied.
Sadpo CEO Yamkela Makupula interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Hamak reports strong gold exploration results in Liberia

By: Darren Parker     21st June 2022 LSE-listed Hamak Gold has announced positive gold exploration results from the first grid block soil sampling at its 985.60 km2 Nimba licence, which is located in northern Liberia, 25 km west of competitor Endeavour Mining’s three-million-ounce Ity gold mine complex in neighbouring Côte d’Ivoire... 

Hamak executive director Karl Smithson
Hamak executive director Karl Smithson

Glencore subsidiary pleads guilty in Britain to bribery

By: Reuters     21st June 2022 A subsidiary of commodity trading giant Glencore on Tuesday formally pleaded guilty in a London court to seven counts of bribery in connection with oil operations in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan. The UK Serious Fraud Office (SFO) said sentencing had been set... 

Walkabout's maiden drill programme finds lead, zinc mineralisation at Scotland project

By: Marleny Arnoldi     21st June 2022 ASX-listed Walkabout Resources has announced solid assay results from a maiden drilling programme having been completed for 1 667 m at the Blackcraig lead/zinc/silver project, in Scotland. The assays results confirm the extension of a high-grade mineralised zone beneath historic lead/zinc mines... 

Kazera signs heads of terms to acquire 71% of Kenyan rare earths company

By: Marleny Arnoldi     21st June 2022 Aim-listed Kazera Global has signed a binding heads of terms with Great Lakes Graphite to acquire 71% of its share capital for a total consideration of £750 000 to be paid in three stages. This will provide the company exposure to three highly prospective exploration licences in Kenya.  

Civil society group flays diamond watchdog over Russia stalemate

By: Reuters     21st June 2022 The Kimberley Process Civil Society Coalition on Monday sharply criticised the global diamond watchdog for resisting efforts to discuss Russia's invasion of Ukraine, at this week's international conflict diamond meeting began in Botswana. A rift has emerged within the Kimberley Process (KP) -- a... 

Civil society group flays diamond watchdog over Russia stalemate

War derails plan to ditch coal after UK championed global cuts

By: Bloomberg     20th June 2022 When the COP26 climate talks concluded in November, UK Prime Minister Boris Johnson declared the world had reached a point of no return in phasing out coal. At the same time, Ukrainian Foreign Minister Dmytro Kuleba warned Europe that Russia was amassing forces near its border. Those seemingly... 

A picture of UK PM Boris Johnson
UK Prime Minister Boris Johnson

Rafaella's Spanish openpit proves up

By: Esmarie Iannucci     20th June 2022 An advanced prefeasibility study (PFS) into an openpit operation at the Santa Comba tungsten and tin project, in Spain, has shown that the project was economically robust and could complement the permitted underground mine. ASX-listed Rafaella Resources noted that the openpit PFS estimated that... 

Iron-ore sinks and steel mills go dark on deepening China gloom

By: Bloomberg     20th June 2022 Iron-ore plunged more than 7% in Singapore -- giving up all its gains this year -- as steel mills idled blast furnaces amid growing pessimism over the demand outlook in China. The steel-making ingredient has now lost around a fifth of its value in a run of declines that’s extended to an eighth... 

Iron-ore sinks and steel mills go dark on deepening China gloom

Austria returns to coal era in hedge against Russian power play

By: Bloomberg     20th June 2022 Austria is returning to the coal age, reviving use of the dirtiest fossil fuel to generate power as Russia curbs flows of natural gas to Europe. State-controlled Verbund, Austria’s biggest utility and most valuable company, was ordered late Sunday to prepare its mothballed Mellach coal-fired... 

Building Forever has become core business at De Beers, it's in the business plan  

By: Martin Creamer     20th June 2022 It is a full year since the De Beers Group set itself a dozen far-reaching 2030 ‘Building Forever’ sustainability goals, which have as their four focus areas leading ethical practices, protecting the natural world, partnering for thriving communities and accelerating equal opportunity. In... 

Picture provided.
De Beers Group CEO Bruce Cleaver interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Green hydrogen’s business case significantly strengthened, summit hears 

By: Martin Creamer     17th June 2022 Green hydrogen, when earlier identified as a necessary clean energy source to help the world achieve net-zero emissions in the coming decades, was higher up the cost curve than fossil fuels. Now that has changed with this week’s Financial Times Hydrogen Summit emphasising that green hydrogen’s... 

Creamer Media screenshot
FT Hydrogen Summit panel discussion.
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