R/€ = 17.31 Change: -0.01
R/$ = 14.56 Change: -0.01
Au 1825.28 $/oz Change: 9.92
Pt 1042.50 $/oz Change: -36.00

Europe News

Central Copper to list on Aim, undertake equity raise

By: Tasneem Bulbulia     14th July 2021 Central Copper Resources, a company focused on delivering copper assets in the Democratic Republic of the Congo (DRC) and Zambia, intends to apply for admission to start trading on the Aim market of the LSE. Concurrently with admission, it is proposing to raise equity through the placing of new... 

Lucara uncovers Botswana’s largest fancy pink diamond yet

By: Marleny Arnoldi     14th July 2021 Canada-headquartered Lucara Diamonds has recovered Botswana’s largest fancy pink gem yet, as well as one of the world’s largest pink diamonds on record, weighing 62.7 ct. The company has named the diamond Boitumelo, which means joy in Setswana.  

Lucara diamonds' latest fancy pink diamond recoveries, including the record-setting Boitumelo
Lucara diamonds' latest fancy pink diamond recoveries, including the record-setting Boitumelo

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

Alta upgrades Gorno estimates

By: Esmarie Iannucci     14th July 2021 Junior Alta Zinc has reported a significant increase in the resource estimate for its Gorno zinc/lead/silver deposit, in Italy. The project is now estimated to host some 7.79-million tonnes of resource, grading 6.8% zinc, 1.8% lead and 32 g/t silver for 530 000 t of contained zinc, 140 000 t of... 

Zombie mines are coming back to life on soaring metals prices

By: Bloomberg     14th July 2021 A silver mine in Bosnia and Herzegovina that sat derelict through the years of civil strife that gripped the region from the early 1990s may soon be taken out of mothballs to benefit from an optimistic price outlook. Adriatic Metals’ Vares project could resume production by the end of 2022... 

An image showing a mountain and trees.

Exploration is quick foreign investment ‘no brainer’, says Minerals Council’s Smart  

By: Martin Creamer     13th July 2021 Exploration is one of the quickest ways to secure foreign direct investment into South Africa for the generation of desperately needed jobs and wealth during the country's hour of need, said Minerals Council South Africa junior and emerging miners’ leadership forum chairperson Errol Smart on... 

Picture of Errol Smart, who is also CEO of Orion Minerals.
Minerals Council Junior Leadership Forum chair Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Survey finds tech skills gap is a growing future mining risk 

By: Marleny Arnoldi     13th July 2021 A survey undertaken by law firm Hogan Lovells on how technology is shaping the future prospects of mining, has found that almost 69% of respondents believe the skills gap is the greatest future risk to further technological integration in the mining industry. The ‘Future of Mining’ report notes... 

Caerus, Jubilee decide to start immediate pilot sampling programme

By: Tasneem Bulbulia     13th July 2021 London-listed firms Caerus Mineral Resources and Jubilee Metals Group have committed to an immediate pilot sampling and investigation programme guided by Jubilee’s protocols and delivered initially by Caerus staff in the coming weeks. This is being undertaken under the terms of a previously... 

Gemfields seeks to promote greater transparency with G-Factor for Natural Resources

By: Tasneem Bulbulia     13th July 2021 Gemstone producer Gemfields is inviting collaboration, input and support from governance bodies, mining organisations, industry observers and host governments in adopting the G-Factor for Natural Resources – a new measure promoting greater transparency of the level of natural resource wealth... 

An image of a woman's hands holding a gemstone
Gemfields is inviting collaboration, input and support in adopting the G-Factor for Natural Resources

Report suggests coal should not be extracted, burnt if ‘disastrous climate change’ is to be avoided

By: Simone Liedtke     13th July 2021 Mining and energy companies must stop extracting and burning coal if disastrous climate change is to be avoided, a new report by the Centre for Research on Multinational Corporations (Somo) stresses, though it questions what this transition will mean for communities and workers that depend on... 

EU, Ukraine sign preliminary deal on key raw materials, batteries

By: Reuters     13th July 2021 The European Union and Ukraine signed on Tuesday a memorandum of understanding (MoU) covering critical raw materials and batteries as the 27-country bloc tries to diversify supplies following disruptions caused by the Covid-19 pandemic. The move is part of the European Commission's Action Plan... 

Petra sells 39.34 ct blue diamond for $40.1m

By: Simone Liedtke     13th July 2021 The 39.34 ct exceptional Type IIb blue diamond which Petra Diamonds recovered at its Cullinan mine on April 1, has been sold to a partnership between diamond miners De Beers and Diacore for more than $40.1-million. Mined from the Cullinan C-Cut, Petra said on July 13 that it adds to the famous... 

The 39.34 ct exceptional Type IIb blue diamond
The 39.34 ct exceptional Type IIb blue diamond

De Beers makes diamond buyers cough up with another price rise

By: Bloomberg     13th July 2021 De Beers raised prices for its rough diamonds yet again as the industry’s dramatic recovery this year shows little sign of slowing. The top producer increased prices by about 5% at its July sale taking place this week, with most of the rises focused around higher-quality stones, according to... 

Regulator blocks Berkeley Energia's uranium mine

By: Reuters     13th July 2021 Spain's nuclear regulator on Monday blocked Berkeley Energia's planned uranium mine in the west of the country on safety concerns, in a move that was welcomed by environmental campaigners and sent the company's stock plunging. The CSN regulator said it took the decision due to a lack of... 

Regulator blocks Berkeley Energia's uranium mine

Lucara signs $220m senior debt facilities to expand its Karowe mine 

By: Tasneem Bulbulia     12th July 2021 Canadian miner Lucara Diamond has signed loan documentation in relation to its previously announced senior secured project financing debt package of $220-million between Lucara Botswana as the borrower and a syndicate of five mandated lead arrangers (MLAs). The MLAs are African Export-Import Bank... 

The Karowe openpit mine in Botswana

Rio Tinto says RBM mine to remain closed as some concerns yet to be resolved

By: Marleny Arnoldi     12th July 2021 Diversified miner Rio Tinto’s South African subsidiary Richards Bay Minerals (RBM) has confirmed there are still “fundamental milestones” that must be met before its operations, in KwaZulu-Natal, can be resumed. This follows after the mineral sands mining company suspended operations on June... 

Goldstone receives approval for Ghana mine, settles bond agreements

By: Simone Liedtke     12th July 2021 Aim-listed Goldstone Resources has received approval from the Minerals Commission to start irrigation and leaching of ore placed on the heap leach pad at its Homase mine, in Ghana. The West Africa-focused gold exploration and development company remains on track to achieve targeted production of... 

Emmerson appoints Rupert Joy nonexecutive director

By: Tasneem Bulbulia     12th July 2021 Morocco-focused potash development company Emmerson has appointed Rupert Joy nonexecutive director, with immediate effect. He succeeds Edward McDermott, who has stepped down from the board. 

Oriole promotes Bay to exploration director

By: Marleny Arnoldi     12th July 2021 Aim-listed Oriole Resource has appointed Claire Bay executive director of exploration and development, effective immediately. Bay is a chartered geologist with more than 13 years’ experience in the resources sector, including a decade at Stratex International.  

Russia considers measures to tap mining profits once export tax ends

By: Bloomberg     12th July 2021 Russia is considering longer-term measures to grab a bigger slice of mining companies’ profits once a temporary export tax finishes at the end of this year, according to people familiar with the matter. The government last month announced duties of at least 15% on steel, nickel, aluminum and... 

Stellantis in lithium supply deals with California, German firms -sources

By: Reuters     12th July 2021 Stellantis, the world's fourth-largest automaker with brands that include Jeep and Peugeot, has signed memorandums of understanding for lithium supply with geothermal brine projects in California and Germany, according to two sources. Automakers across the globe have been jockeying for access to... 

Balkan to start trading on the ASX

By: Esmarie Iannucci     12th July 2021 Junior Jadar Resources on Monday announced that its spin-out company Balkan Mining and Minerals had been admitted on the ASX, with trading to start on July 14. Jadar in February this year announced plans to spin out its Serbian lithium and borate assets into the newly incorporated Balkan Mining... 

Arc's exclusivity agreement with Anglo lapses

By: Tasneem Bulbulia     9th July 2021 Aim-listed Arc Minerals’ exclusivity agreement with Anglo American, signed in July 2020, has lapsed. Arc’s two subsidiaries, Zamsort and Zaco in July 2020 signed a confidentiality and exclusivity agreement with a subsidiary of Anglo in respect of its copper exploration licences in Zambia.  

BlueRock records strong second-quarter results

By: Tasneem Bulbulia     9th July 2021 Aim-listed BlueRock,  which owns and operates the Kareevlei diamond mine in the Kimberley region of South Africa, processed 134 510 t for the second quarter, a 48% increase year-on-year. The company produced 5 442 ct for the period, and sold 5 106 ct, an increase of 117% and 112% year-on-year,... 

Gemfields comments on share price spike, expects solid interim revenue

By: Marleny Arnoldi     9th July 2021 Aim- and JSE-listed Gemfields says there is no disclosable unpublished price-sensitive information relating to the company at the moment, following an increase in the company’s share price over the last week. Notwithstanding the welcome increase in the company’s share price, Gemfields still... 

Tharisa serves up higher third-quarter output, revenue

By: Marleny Arnoldi     9th July 2021 LSE- and JSE-listed chrome and platinum miner Tharisa delivered record mining and processing rates in the quarter ended June 30 – the third quarter of the company’s financial year. The company produced 39 000 oz of platinum, palladium, rhodium, iridium, ruthenium and gold (6E) platinum group... 

Investors face uncertainty at the end of Covid crisis - report

By: Simone Liedtke     9th July 2021 To better understand investor strategies during the transitional period presented by the Covid-19 pandemic and the emergence of the variants of the virus, data provider Coalition Greenwich launched its report for the third quarter of this year, in conjunction with the World Gold Council’s... 

Gold policymakers, investors operating in ‘uncharted territory’ 

By: Simone Liedtke     9th July 2021 As the global economy emerges from an unprecedented shutdown, policymakers and investors are operating in uncharted territory, the World Gold Council (WGC) says. The council’s mid-year outlook report notes that interest rates are likely to remain a key driver for the yellow metal in the short to... 

Image of gold bars

Battery chain puts lithium’s green credentials under microscope 

By: Bloomberg     9th July 2021 A group backed by German car-making giants Daimler and Volkswagen has started a study into the environmental impact of lithium mining in Chile, the second-largest supplier of the key ingredient in rechargeable batteries. GIZ, the German development agency running the initiative, is looking into... 

Battery chain puts lithium’s green credentials under microscope

Akobo gets a second drill rig working at Ethiopia project

By: Marleny Arnoldi     8th July 2021 Norway-based gold explorer Akobo Minerals has procured a second drill rig to start core drilling on the Segele project, in Ethiopia. The drilling is an important part of increasing the project’s mineral resource, advancing the Joru target in particular and supporting ongoing mining studies, Akobo... 

Exploration at Shanta’s NLGM underlines resource potential

By: Tasneem Bulbulia     8th July 2021 Aim-listed Shanta Gold has provided an exploration update for the Bauhinia Creek (BC) East Area 1 target at the New Luika gold mine (NLGM), in south-western Tanzania, following drilling conducted in the second quarter. The results from the 22 diamond core and 16 reverse circulation holes drilled... 

Moody’s unpacks its rationale for low coal producer credit ratings

By: Marleny Arnoldi     8th July 2021 Social opposition to coal production is leaving coal assets increasingly concentrated among companies that specialise in coal, rather than diversified groups, says Moody’s Investors Service. The credit rating company says larger mining companies are divesting from coal-related assets, while... 

Centerra says shareholder conspired to ‘wrongfully expropriate’ Kumtor

By: Mariaan Webb     8th July 2021 Canadian miner Centerra Gold has brought additional claims against the government of Kyrgyzstan in its binding arbitration over the “wrongful expropriation” of its Kumtor gold mine. Centerra is seeking to hold the government and State-owned Kyrgyzaltyn responsible for “any and all losses and... 

Centerra says shareholder conspired to ‘wrongfully expropriate’ Kumtor

White Mesa mill ships rare earths to Neo’s Estonia facility

By: Mariaan Webb     8th July 2021 The first container of about 20 t of mixed rare earth carbonate produced at Energy Fuels’ White Mesa mill, in Utah, has been shipped to Neo Performance Materials’ rare earth separations facility in Estonia, the companies announced on Wednesday. The shipment – the first of an expected 15... 

Worker loading rare earth carbonate processed at Energy Fuels' White Mesa, Utah plant into a shipping container for transport to Neo Performance Materials' rare earth separations facility in Estonia, Europe.
The first shipment of rare earth carbonate processed by Energy Fuels at its Utah plant is heading for Neo Performance Materials' rare earth separations facility in Estonia, re-establishing a US-Europe supply chain.

Industrial sector to drive platinum demand in 2021

By: Marleny Arnoldi     7th July 2021 Platinum industrial demand has exhibited strong growth in recent years, at a compound annual growth rate (CAGR) of 6% between 2013 and 2019. The World Platinum Investment Council (WPIC) says this is significantly above the CAGR of two key industrial benchmarks, being more than double that of... 

Explorer within striking distance of declaring maiden SA diamond resource  

By: Martin Creamer     7th July 2021 After investing just over R20-million on diamond exploration projects in South Africa, diamond exploration and development company Botswana Diamonds is within striking distance of being able to declare its maiden diamond resource. “We’re not too far off declaring a major resource at Thorny... 

A photo of Botswana Diamonds MD James Campbell
Botswana Diamonds MD James Campbell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Calderon an 'excellent' choice as new AngloGold CEO

By: Bloomberg     7th July 2021 “It’s an excellent appointment, and it removes uncertainties about the leadership crisis,” Noah Capital analyst Rene Hochreiter has said about the appointment of AngloGold Ashanti's new CEO Alberto Calderon. In Colombia, “he can probably get things done better than say an American or South... 

New AngloGold Ashanti CEO Alberto Calderon

Hummingbird’s Yanfolila drilling success continues

By: Tasneem Bulbulia     7th July 2021 Aim-listed Hummingbird Resources says 14 new holes drilled at the Sanioumale East (SE) deposit at the Yanfolila gold mine, in Mali, have shown “excellent” high-grade openpit potential. In an update to shareholders on its 2021 drilling programme at Yanfolila, it notes that, of significance, is... 

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