https://www.miningweekly.com
R/€ = 17.31 Change: -0.01
R/$ = 14.56 Change: -0.01
Au 1826.85 $/oz Change: 11.49
Pt 1042.50 $/oz Change: -36.00
 

Europe News

Tirupati advances capacity developments at Madagascar projects

By: Simone Liedtke     29th June 2021 Fully integrated, natural and specialty graphite and graphene company Tirupati Graphite is progressing work to increase its overall capacity to 84 000 t/y by 2024. The focus is on its Sahamamy and Vatomina projects in Madagascar. 

Waste cooking oil powers ship from Singapore to South Africa for Anglo  

By: Martin Creamer     29th June 2021 The use of sustainable biofuel to power a chartered capesize ship during a voyage from Singapore to South Africa has been successfully trialled as part of a decarbonisation initiative, Anglo American said on Tuesday. The biodiesel blend was produced by converting waste cooking oil from... 

The trial was conducted onboard the Frontier Jacaranda.
The trial was conducted onboard the Frontier Jacaranda.

Southern Gold strikes deal over Korean assets

By: Esmarie Iannucci     29th June 2021 ASX-listed Southern Gold has struck commercial terms with its joint venture partner Bluebird Merchant Venture for the sale of its interest in the Gubong and Kochang projects, in the Republic of Korea. Bluebird previously elected to purchase Southern Gold’s 50% interest in the assets after the... 

Analysts describe Glencore’s takeover of Cerrejón as ‘sensible’

By: Marleny Arnoldi     28th June 2021 Deutsche Bank Research says the deal that Glencore struck with fellow diversified majors Anglo American and BHP to buy out their respective 33% interests in the Cerrejón joint venture (JV) does not come as a surprise and presents a good value proposition for the diversified miner. Following the... 

Analysts describe Glencore’s takeover of Cerrejón as ‘sensible’

Hydrogen represents huge moment of opportunity for South Africa – AP Ventures  

By: Martin Creamer     28th June 2021 Hydrogen represents a huge moment of opportunity for South Africa, AP Ventures managing partner Andrew Hinkly said on Monday. AP Ventures began investing along the generally platinum group metals- (PGMs-) linked hydrogen value chain as long ago as 2013 and the $320-million committed in AP... 

AP Ventures managing partner Andrew Hinkly
AP Ventures managing partner Andrew Hinkly interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Caerus adds to its Cyprus portfolio

By: Creamer Media Reporter      28th June 2021 Europe-focused explorer Caerus Mineral Resources on Monday announced an agreement to add to its portfolio in Cyprus, buying a private company that holds copper/gold exploration properties. The company will buy Cyprus Gold Mines (CGML), a Cypriot-registered, exploration and mining company that... 

Vision Blue accelerates $7m investment in FAR

By: Mariaan Webb     28th June 2021 Sir Mick Davis’ Vision Blue Resources has made a further investment of $7-million in LSE-listed vanadium mining and processing company Ferro Alloy Resources (FAR). This brings Vision Blue’s total investment in FAR, which owns the Balasausqandiq asset in Kazakhstan, to $10.1-million. The latest... 

Sunday Times gives Glasenberg splash send-off  

By: Martin Creamer     28th June 2021 The latest edition of the Sunday Times gives outgoing Glencore CEO Ivan Glasenberg a splash ST Insight send-off story ahead of his retirement on Wednesday. Topped by a large all-column picture of a broadly smiling Glasenberg, the broadsheet two-page story carried large twin bold headlines, the... 

Ivan Glasenberg
Ivan Glasenberg

Nonconforming diamond producers will be left behind, warns WDC 

By: Marleny Arnoldi     28th June 2021 World Diamond Council (WDC) president Edward Asscher foresees that the diamond industry will soon have two distinct value chains, one encompassing responsibly sourced diamonds and one that does not. During the closing session of the 2021 Intersessional Meeting of the Kimberley Process (KP), he... 

Cash-pumping but lossmaking Wescoal to broaden from coal to energy  

By: Martin Creamer     25th June 2021 Johannesburg Stock Exchange-listed coal-mining company Wescoal, which narrowed its losses in the 12 months to the end of March, is transitioning from being a coal miner to a broader energy company. “Towards the end of the new financial year, we will come back to the market in terms of our overall... 

Wescoal CFO Jubilant Speckman with Wescoal CEO Mining Thivha Tshitavane
Wescoal’s Jubilant Speckman and Thivha Tshitavane interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

London copper rises as US infrastructure deal fans demand hopes

By: Reuters     25th June 2021 Copper prices in London rose on Friday, on track for a weekly gain, as a US infrastructure deal boosted hopes for stronger demand of the red metal. Three-month copper on the London Metal Exchange advanced 0.5% to $9 461.50/T by 031:8 GMT, while the most-traded August copper contract on the... 

US President Joe Biden speaks in the East Room of the White House in Washington, DC on June 24.
US President Joe Biden speaks in the East Room of the White House in Washington, DC on June 24.

Dugbe PEA underpins project potential

By: Tasneem Bulbulia     25th June 2021 Aim-listed Hummingbird Resources says TSX-V-listed Pasofino Gold has released an independent preliminary economic assessment (PEA) for the Dugbe gold project, which shows significant production potential – establishing the foundation for a new gold district. The PEA has been prepared by DRA... 

WPIC says fuel cells for trucks are picking up speed

By: Marleny Arnoldi     24th June 2021 The World Platinum Investment Council (WPIC) has reiterated its advocacy for hydrogen fuel cell electric vehicles (FCEVs) as a solution towards sustainable mobility. In a release, the council explains that the transport sector is huge and that it is critical to the European Union’s (EU’s),... 

Emmerson aims to start Khemisset construction by year-end

By: Marleny Arnoldi     24th June 2021 London-listed Emmerson says the environmental approval process for its Khemisset potash project, in Morocco, is progressing well, with all technical work having been completed and submitted. The company expects final approval from the country’s Environmental Evaluation Committee imminently.  

Belarus potash targeted in renewed sanctions

By: Creamer Media Reporter      24th June 2021 The European Union (EU) on Thursday imposed new restrictive measures against Belarus in response to the forced landing of a Ryanair flight in Minsk last month, as well as concern about “the escalation of serious human rights violations” in that country. The renewed sanctions target potash... 

South Africa helping hydrogen down cost curve, giving it greater zip 

By: Martin Creamer     24th June 2021 South Africa is part of a crucial international project aimed at taking key hydrogen technology down the cost curve and lowering the energy it requires to facilitate catalytic reactions. The focus of the SherLOHCk project, which is funded by the European Union under Horizon 2020 framework, is... 

Renewable hydrogen piloting site at HySA North-West University, including LOHC hydrogenation system.
Renewable hydrogen piloting site at HySA North-West University, including LOHC hydrogenation system.

Russia prepares to hit metals firms with $2.3bn in export taxes

By: Reuters     24th June 2021 Russia is preparing new export taxes for steel products, nickel, aluminium and copper which will cost their producers $2.3-billion between Aug. 1 and December 31, its officials told a government meeting on Thursday. Moscow wants to protect its defence and construction industries from further... 

Hydrogen-focused AP Ventures fund balloons to fourfold-bigger close 

By: Martin Creamer     24th June 2021 AP Ventures Fund II, with its strategy of investing along the hydrogen value chain, has closed at four times the size of Fund I. The far-seeing AP Ventures began investing along the generally platinum group metals- (PGMs-) linked hydrogen value chain as long ago as 2013. 

AP Ventures managing partner Andrew Hinkly
AP Ventures managing partner Andrew Hinkly

Gold miners must up their game to meet 2030 emissions target

24th June 2021 While the global gold industry is broadly on track to align with a 2 °C climate target by the end of the current decade, more action is needed if the industry is to meet, and surpass, the 1.5 °C mark. This is according to a new report from Wood Mackenzie, which plots the forecast progress of... 

Gold miners must up their game to meet 2030 emissions target

A mining startup's rush for underwater metals comes with deep risks

By: Bloomberg     24th June 2021 A seabed mining startup, DeepGreen Metals, has successfully sold itself to investors as a game-changing source of minerals to make electric car batteries that can be obtained in abundance—and at great profit—while minimising the environmental destruction of mining on land. But there’s strong... 

A mining startup's rush for underwater metals comes with deep risks

Polyus to boost gold output by 4% in 2022

By: Reuters     23rd June 2021 Russia's largest gold producer Polyus plans to increase gold output by 4% to 2.8-million troy ounces in 2022, it said on Wednesday. Polyus, the world's fourth-largest gold producer, will raise production further in 2023 to 2.9-million troy ounces but will keep capital expenditures stable... 

De Beers earns $470m in rough diamond sales amid strong demand

By: Creamer Media Reporter      23rd June 2021 Diamond miner De Beers recorded $470-million of rough diamond sales in its fifth sales cycle of this year. This is higher than the $385-million recorded in the fourth sales cycle of this year and significantly higher than the $56-million earned for the combined fourth and fifth sales cycles of 2020. 

Copper supply needs to double by 2050, Glencore CEO says

By: Reuters     22nd June 2021 Glencore CEO Ivan Glasenberg said on Tuesday that a supply gap was growing in the metals necessary for the world to replace fossil fuels with renewable energy, but he stopped short of predicting a so-called super cycle. Glasenberg said at the Qatar Economic Forum that copper supplies needed to... 

Ivan Glasenberg
Ivan Glasenberg

Nutrien to boost potash output amid sanctions against Belarus

By: Bloomberg     22nd June 2021 Nutrien, the world’s biggest fertiliser company, plans to increase its 2021 potash production by 500 000 metric tons in response to tighter global markets. That will send the Canadian company’s 2021 potash sales to a record high, Nutrien said in a statement Monday. The move will help to... 

Nutrien to boost potash output amid sanctions against Belarus

Nordgold postpones London IPO

By: Reuters     22nd June 2021 Russia-focused gold producer Nordgold said on Tuesday it had decided to postpone the initial public offering (IPO) of its shares in London, the largest such deal to withdraw from a stock market listing in recent weeks. Across Europe, the Middle East and Africa, companies have cancelled plans to... 

Nordgold postpones London IPO

Energy transition metals poised for uneven, explosive run higher

By: Reuters     22nd June 2021 Buoyed by powerful demand expectations as the world moves away from reliance on fossil fuels, prices of many industrial metals rocketed, but future price rises are likely to be limited to a select few energy transition ingredients. The narrative of a synchronised upswing, characterised by some... 

Energy transition metals poised for uneven, explosive run higher

Trafigura, Mubadala to launch sale of Spanish copper miner MATSA

By: Reuters     22nd June 2021 The owners of Spain's Minas de Aguas Teñidas (MATSA) plan to launch a sale of the copper miner on Friday in a deal led by investment banks Bank of Montreal (BMO) and UBS that could fetch up to $2 billion, four banking sources said. Global commodities trader Trafigura and Abu Dhabi state investor... 

President’s 100 MW renewable energy reform ‘very welcome opportunity’ – Harmony Gold  

By: Martin Creamer     22nd June 2021 Harmony Gold sustainable development executive Melanie Naidoo-Vermaak on Tuesday described the decision of President Cyril Ramaphosa to lift the licence-exemption cap on own or embedded renewable energy plants from 1 MW to 100 MW as “a very welcome opportunity" for the South African mining... 

From top left clockwise, Harmony’s Jared Coetzer, Peter Steenkamp, Boipelo Lekubo, Anton Buthelezi, Mashego Mashego, Beyers Nel, Marian van der Walt and Melanie Naidoo-Vermaak, during virtual ESG Day event.
Harmony Gold ‘s ESG Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Thor Explorations starts trading on LSE’s Aim

By: Tasneem Bulbulia     22nd June 2021 TSX-V-listed Thor Explorations’ shares have started trading on the Aim market of the LSE. "[The] admission to the Aim market of the LSE represents another milestone in the development of the company, offering wider access for investors as we progress through a transformational period in the... 

Zinnwald takes full ownership of late-stage German lithium project

By: Mariaan Webb     22nd June 2021 UK-headquartered Zinnwald Lithium on Tuesday announced that it would buy the remaining 50% of Deutsche Lithium from the estate of SolarWorld Aktiengesellschaft for €8.8 million. Deutsche Lithium is developing the advanced Zinnwald project, in Germany. 

Zinnwald takes full ownership of late-stage German lithium project

Ukraine to auction titanium and zirconium miner in August

By: Reuters     22nd June 2021 Ukraine plans to auction Europe's largest titanium and zirconium miner, United Mining and Chemical Company (UMCC), on August 31, the head of its state property fund said on Tuesday. If UMCC is sold, it will be the first successful privatisation auction of a large state-owned enterprise since a... 

Glencore to reopen one of world’s biggest cobalt mines in Congo

By: Bloomberg     21st June 2021 Glencore could reopen its Mutanda Mining copper and cobalt project in Democratic Republic of Congo by the end of 2021, about two years after idling the mine. Congo’s new mines minister, Antoinette N’Samba Kalambayi met with representatives from the Swiss company Monday to discuss the restart of... 

Carbon capture helpful decarbonisation tool – investment professionals  

By: Martin Creamer     21st June 2021 Carbon capture and storage is one of the tools in the toolkit that needs to be included in the decarbonisation mix if the world is to reduce emissions  effectively over a reasonable time horizon. That is the view of Carbon Infrastructure Partners president and managing partner Craig Golinowski,... 

Carbon Infrastructure Partners president Craig Golinowski
Carbon Infrastructure Partners president Craig Golinowski interviewed by Mining Weekly’s Martin Creamer: Video: Darlene Creamer

Diamond sector must meet consumers' demand for responsibly sourced diamonds, says WDC president

By: Marleny Arnoldi     21st June 2021 With the modern-day consumer demanding greater accountability and sustainability, the Kimberley Process (KP) must not be left behind, says World Diamond Council (WDC) president Edward Asscher. He spoke during the opening of the 2021 Intersessional Meeting of the KP, highlighting how consumers... 

Akobo undertakes private placement to raise at least R50m

By: Marleny Arnoldi     21st June 2021 Norway-based gold explorer Akobo Minerals has asked SpareBank 1 Markets to effect a private placement of between 4-million and 6.6-million new shares in the company at a price of NOK7.50 each. The placement will raise between NOK30-million and NOK50-million, or between R49.5-million and... 

Cornish Lithium raises £6m in crowdfunding for projects

By: Creamer Media Reporter      21st June 2021 UK-based exploration and development firm Cornish Lithium has raised another £6-million in crowdfunding to progress its geothermal and hard rock projects in Cornwall. The company on Monday opened the opportunity to pre-registered investors and reached its target within 20 minutes. 

Pensana says enjoys strong support from shareholders for equity raise

By: Simone Liedtke     21st June 2021 Rare earths producer Pensana continues to enjoy strong support from its existing shareholders, raising £15-million to progress early-stage construction at its Saltend facility, in the UK, and at its Longonjo mine in Angola, ahead of the main financing, which is currently targeted for the fourth... 

Russian billionaire Potanin will not join in Nornickel buyback

By: Reuters     21st June 2021 Russian billionaire Vladimir Potanin has decided not to take part in a buyback of Nornickel shares, his Interros Holding said on Friday, increasing the proceeds of aluminium producer Rusal from the deal. Potanin owns a 34.6% stake in Nornickel, which plans to buy up to 3.4% of its shares for... 

1 2 3 4
5
6 7 8 9

Latest News

more

Latest Videos

more

Latest News: Australasia

more

Latest News: Americas

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close