R/€ = 17.32 Change: -0.02
R/$ = 14.58 Change: -0.02
Au 1824.80 $/oz Change: 9.44
Pt 1053.77 $/oz Change: -24.73

Europe News

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... 

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... 

Gold breaks $1 800 again as traders await steer from Fed minutes

By: Bloomberg     7th July 2021 Gold climbed above $1 800 an ounce again as investors took a risk-off turn before the release of Federal Reserve meeting notes that should bring fresh insight on US monetary policy. Minutes from the Fed’s June gathering will be combed for more clues on the bank’s thinking around rates,... 

Gold breaks $1 800 again as traders await steer from Fed minutes

Danakali confirms seawater processing viability for potash project

By: Marleny Arnoldi     6th July 2021 ASX-listed Danakali has presented favourable results from six months of detailed testwork conducted with industry experts Saskatchewan Research Council, Global Potash Solutions, DRA Global and CasCan. The testwork involves the Colluli project’s process design using filtered seawater.  

Caledonia increases dividend again, reports record production

By: Simone Liedtke     6th July 2021 Gold miner Caledonia Mining achieved record production of 16 710 oz of gold at its Blanket mine, in Zimbabwe, during the quarter ended June 30, representing an increase of about 23.8% on the 13 499 oz produced in the corresponding quarter of 2020. Gold produced for the first half of this year was... 

Altus increases JV landholding at Mali project by 56%

By: Simone Liedtke     6th July 2021 Aim- and TSX-V-listed Altus Strategies has significantly increased its joint venture (JV) landholding at the Tabakorole gold project, in southern Mali, by 56%. Altus holds a 49% equity interest and 2.5% net smelter return (NSR) royalty on the project, and exploration activities at Tabakorole are... 

Gold heading towards ‘refuge of choice’ status, says incoming AngloGold CEO  

By: Martin Creamer     6th July 2021 Gold is poised to be a "refuge of choice" in the years ahead owing to the extent to which money is being printed and world debt is rising, AngloGold Ashanti CEO-designate Alberto Calderon said on Tuesday. Speaking to Mining Weekly in a Microsoft Teams interview ahead of taking office on September... 

Newly appointed AngloGold CEO
AngloGold Ashanti CEO-designate Alberto Calderon interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

From mine to wedding finger: Russian diamond track and trace

By: Bloomberg     6th July 2021 Russia’s Alrosa is offering diamond buyers a new laser-marking technology that will allow customers to trace rough stones and polished gems from the mine to the jewelry store. The company applies a so-called nano mark to the atomic structure of the diamond, replicating a process that occurs in... 

Alberto Calderon is new AngloGold CEO

By: Martin Creamer     6th July 2021 The board of AngloGold Ashanti on Tuesday announced the appointment of Alberto Calderon as the new CEO of the gold-mining company, effective September 1. Mining Weekly can report that Calderon has more than two decades of executive leadership experience in the global mining sector. 

Alberto Calderon
Alberto Calderon

Eramet says Europe must help its miners gain access to EV metals

By: Bloomberg     5th July 2021 France’s Eramet said governments in Europe must help the region’s mining companies gain greater access to metals needed for car batteries, since such resources are mostly found on other continents. Demand for battery raw materials such as nickel, lithium and cobalt is surging as carmakers... 

Yamkela Makupula clinches exciting Rockwell-linked alluvial diamond deal  

By: Martin Creamer     5th July 2021 Alluvial diamond mining investor Yamkela Makupula has clinched an alluvial diamond mining transaction which makes her a 30% shareholder in three diamond assets that have a link with the former Rockwell Diamonds. Makupula, who leads the Africa growth strategy of international law firm Diaz, Reus,... 

Picture of Yamkela Makupula, investor in alluvial diamonds.
Yamkela Makupula interviewed by Mining Weekly’s Martin Creamer on alluvial diamond transaction. Video: Darlene Creamer.

Lawyers say key witness comes forward as alleged lead poisoning case against Anglo continues

By: Tasneem Bulbulia     5th July 2021 Law firms Mbuyisa Moleele and Leigh Day on July 5 said a key witness had come forward, as a class action lawsuit against diversified miner Anglo American in relation to alleged lead poisoning in Kabwe, Zambia, continues. The witness, Dr Ian Lawrence, was a doctor at the Kabwe mine from 1969 until... 

Pensana starts development of pioneer Freeport rare earth processing hub

By: Tasneem Bulbulia     5th July 2021 Aim-listed Pensana says that, following the recent £15-million premium equity raise which was strongly supported by the company’s major shareholders, early-stage development has started on the establishment of its rare earth processing hub at the Saltend Chemicals Park in Humber, in the UK. The... 

Kavango records operational updates, placing

By: Tasneem Bulbulia     5th July 2021 London-listed Kavango Resources has announced an expansion to its current drill programme in the Kalahari Suture Zone (KSZ), an operational update on the KSZ and a £1.94-million placing. In terms of the expansion of its drilling programme, a 550 m borehole is to be drilled through Target B1,... 

Weekly Coal Index Report

5th July 2021 As the Australian and South African markets push coal prices up, amid a shortage of South African material thanks to the unavailability of rail, Glencore has doubled down on coal by acquiring its joint venture partners’ shares in the Cerrejón thermal coal mine in Colombia for $230-million cash in... 

Weekly Coal Index Report

Gold regains shine after central bank buying drops to decade low

By: Bloomberg     5th July 2021 Central banks may be regaining their appetite for buying gold after staying on the sidelines for the past year. Central banks from Serbia to Thailand have been adding to gold holdings and Ghana recently announced plans for purchases, as the specter of accelerating inflation looms and a recovery... 

Gold regains shine after central bank buying drops to decade low

MRC raises funds for SA and Norwegian projects

By: Esmarie Iannucci     5th July 2021 ASX-listed Mineral Commodities (MRC) will raise A$10.6-million through a share placement and fully underwritten non-renounceable rights issue to fund work at its Tormin mineral sands project, in South Africa, and at its Skaland graphite operation, in Norway. The company said on Monday that it... 

Glencore welcomes Kalidas Madhavpeddi as new chairperson

By: Simone Liedtke     5th July 2021 Multinational mining giant Glencore has appointed Kalidas Madhavpeddi as its new chairperson, with effect from July 30. Madhavpeddi will succeed Tony Hayward, who is retiring. 

Kalidas Madhavpeddi
Kalidas Madhavpeddi

Mining vital to economy, can help guide country's path – President 

By: Martin Creamer     5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Uranium uptick not enough to warrant adding tonnes to market – Kazatomprom

By: Mariaan Webb     2nd July 2021 While there are signs of an uptick in the uranium market, including an increase in long-term contracting interest, a thinning spot market and slightly improved pricing, conditions are not yet conducive to adding additional tonnes to the market. This is according to Kazakhstan national atomic... 

Uranium uptick not enough to warrant adding tonnes to market – Kazatomprom

Global copper smelting eases in June; nickel pig iron jumps

By: Reuters     2nd July 2021 Global copper smelting activity slipped in June after a rebound a month earlier as Chinese plants closed for maintenance, data from satellite surveillance of copper plants showed. Satellite service SAVANT and broker Marex said in a joint statement on Friday that they were now monitoring nickel... 

Scotgold hits high-grade ore in new underground zones at Cononish

By: Marleny Arnoldi     2nd July 2021 Aim-listed Scotgold Resources says it has accessed higher-grade ore zones at the Cononish gold/silver project, in Scotland, quicker than anticipated. This follows after the company optimised the mine design to open up faces of ore underground.  

Unrelenting coal demand posts challenge to world's climate goals

By: Bloomberg     2nd July 2021 Coal prices across Asia are surging to records, underscoring a challenge for governments seeking a faster energy transition: the dirtiest of fuels they’re racing to phase out is enjoying booming demand. Power plants are rushing to secure adequate electricity supplies as a hot summer adds to... 

Unrelenting coal demand posts challenge to world's climate goals

Another Kavango project shows drilling potential

By: Marleny Arnoldi     2nd July 2021 London-listed rare earths explorer Kavango Resources has identified seven drill-ready targets at its joint venture (JV) Ditau project, in Botswana. Ditau is held in 50:50 JV with fellow-listed Power Metal Resources, with Kavango being the operator.  

Demand for platinum and palladium in auto sector set to rise as regulations tighten 

By: Simone Liedtke     2nd July 2021 Platinum demand from the automotive sector is expected to be 25% up on 2020, reaching almost three-million ounces this year, World Platinum Investment Council (WPIC) research director Trevor Raymond says, partly attributing the projected increase to the Euro 6d and China 6a emissions regulations... 

Demand for platinum and palladium in auto sector set to rise as regulations tighten

Itochu partners with Shell to lower its mining sites’ carbon footprint

By: Donna Slater     1st July 2021 Petrochemicals company Shell International and Tokyo-headquartered investment firm Itochu Corporation have agreed to collaborate to accelerate the digitalisation and decarbonisation of Itochu’s mining sites, as well as increase the operational efficiency thereof. Shell will offer its sectoral... 

Sibanye-linked Finnish developer takes next step towards battery-grade lithium goal 

By: Martin Creamer     1st July 2021 Finnish lithium project developer Keliber, in which South Africa’s Sibanye-Stillwater is a significant shareholder, this week took a new step towards its goal of becoming the first European company to start producing battery-grade lithium hydroxide in 2024. Construction of the infrastructure and... 

The initlally opencast Rapasaari mine will eventually go underground.
The initlally opencast Rapasaari mine will eventually go underground.

Petra appoints three new nonexec directors

By: Tasneem Bulbulia     1st July 2021 Diamond miner Petra Diamonds has announced the appointment of three new nonexecutive directors, effective immediately. Deborah Gudgeon has been appointed independent nonexecutive director and chair-designate of the Audit & Risk Committee. 

Shortages flagged for EV materials lithium and cobalt

By: Reuters     1st July 2021 As the world moves to meet stringent targets for cutting carbon emissions - partly by phasing out internal-combustion-engine cars - demand for lithium, cobalt and nickel vital for electric vehicle batteries will soar, raising the prospect of shortages. High lithium prices have failed to spur... 

Shanta records strong drill results at West Kenya

By: Tasneem Bulbulia     1st July 2021 Aim-listed Shanta Gold has reported “exceptionally strong” results from Phase 1 of a drilling programme at its West Kenya project. This follows the completion of 2 572 m of drilling across 15 holes conducted in April and May at the Isulu and Bushiangala deposits. 

Copper production to expand, Fitch Solutions says

By: Tasneem Bulbulia     1st July 2021 Global copper mine production is set to expand by 7.8% year-on-year this year as a result of multiple new projects coming online and the low-base effects owing to Covid lockdowns having cut output in 2020, Fitch Solutions Country Risk and Industry Research says. Its ‘Outlook for Global Copper’... 

Piedmont to support IronRidge in fast-tracking Ghana lithium project

By: Marleny Arnoldi     1st July 2021 Aim-listed IronRidge Resources has entered into a conditional binding agreement with Nasdaq-listed Piedmont Lithium to fully fund and fast-track the Ewoyaa lithium project, in Ghana, to production. Piedmont is a US integrated supplier of raw materials, particularly supporting the electric... 

Talga's Swedish anode project proves a winner

By: Esmarie Iannucci     1st July 2021 A definitive feasibility study (DFS) into the Vittangi anode project, in Sweden, has confirmed its potential to supply globally competitive green graphite anode, ASX-listed Talga said on Thursday. The DFS was based on virtually integrated mine-to-anode operation, with the project producing 19... 

Kropz hints at more funding required for Elandsfontein

By: Marleny Arnoldi     30th June 2021 Aim-listed emerging phosphate miner Kropz says its original equity facility funding may not be sufficient to commission the Elandsfontein project during the fourth quarter, depending on how the rand strengthens against the dollar. The company announced on June 30 that the project, which is... 

Glencore paid governments $5.8bn, working hard to develop local skills

By: Martin Creamer     30th June 2021 As one of the world’s largest natural resource companies, with operations across five continents, Glencore is committed to delivering long-lasting socioeconomic benefits, CFO Steven Kalmin on Wednesday. Speaking on video with the release of Glencore's 2020 Payment to Governments Report, Kalmin... 

Glencore CFO Steven Kalmin
Photo by Creamer Media
Glencore CFO Steven Kalmin

Bushveld achieves record 2020 production, but 2021 guidance lowered

By: Tasneem Bulbulia     30th June 2021 Aim-listed Bushveld Minerals achieved record group production of 3 631 t of vanadium in the year ended December 31, 2020, primarily as a result of the inclusion of Vanchem Vanadium’s products for a full year. The Vanchem acquisition was completed by Bushveld in November 2019. 

Fortune Mojapelo
Fortune Mojapelo

Phalaborwa dumps contain rare earths worth $4.7bn, says London junior 

By: Martin Creamer     30th June 2021 “We have high value rare earth elements totalling $123/t in our gypsum stacks and multiply that by 38-million tonnes and that can give you an idea of the value of these stacks,” Rainbow Rare Earths CEO George Bennett has told Flagstaff TV. The gypsum dumps – built up from half a century of hard... 

Rainbow Rare Earths CEO George Bennett
Rainbow Rare Earths CEO George Bennett
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