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Shell names former BHP CEO chair

By: Creamer Media Reporter      11th March 2021 Former BHP CEO Andrew Mackenzie has been named chairperson of the energy major Royal Dutch Shell. He will replace Chad Holliday on May 18, when he steps down after having served as chairperson for six years and as a director since 2020. 

BlackRock says gold ‘failing’ as equity hedge, faces headwinds

By: Bloomberg     11th March 2021 Global money manager BlackRock just delivered a double-barreled warning on the merits of holding traditional haven gold right now. Bullion is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager... 

BlackRock says gold ‘failing’ as equity hedge, faces headwinds

Danakali enthused by wind, solar potential for geothermally-endowed Colluli project

By: Donna Slater     10th March 2021 ASX- and LSE-listed potash developer Danakali, in evaluating the potential of incorporating renewable energy into its 100%-owned Colluli sulphate of potash (SoP) project, in Eritrea, reports early sound feasibility to incorporate wind and/or solar into the project. Danakali is continuing to... 

$7.7bn worth of M&A deals inked in the fourth quarter of 2020

By: Simone Liedtke     10th March 2021 Metals and mining industry cross border merger and acquisition (M&A) deals worth $7.7-billion were announced in the fourth quarter of 2020.  Nova Resources led the pack with its almost $2.4-billion acquisition of Kaz Minerals, GlobalData’s deals database shows. In a statement on March 10, the... 

Copper prices to hit record high in next 12 months, China's Maike says

By: Reuters     10th March 2021 Copper prices will surge to an all-time high over the next 12 months as a result of strong demand from China's clean energy drive and years of under-investment in global mine supply, the chairman of Chinese metals trader Maike Group said on Wednesday. Benchmark prices for copper, widely used in... 

Copper prices to hit record high in next 12 months, China's Maike says

Kazatomprom COO resigns

By: Creamer Media Reporter      10th March 2021 Dauren Kunanbayev has resigned as COO of uranium major Kazatomprom, the London-listed company announced on Wednesday. Aliya Akzholova, currently director of the mining department at Kazatomprom, would be acting as interim COO, while the internal and board processes were undertaken to appoint a... 

Petra Diamonds completes restructuring

By: Simone Liedtke     10th March 2021 Diamond miner Petra Diamonds has completed the company’s recapitalisation programme. Initially announced in October 2020, the recapitalisation, or restructuring, of the London-listed miner will see the partial reinstatement of its notes debt and the contribution by the holders of existing notes... 

Altus identifies numerous high-priority gold targets at Egyptian properties

By: Simone Liedtke     10th March 2021 Aim-listed Altus Strategies has identified numerous high-priority gold targets from remote sensing across all four of its projects covering 1 565 km2 in the Eastern Desert of Egypt. The projects were recently awarded to the company's 100%-owned subsidiary Akh Gold as part of a competitive... 

Nornickel coughs up $2bn for fuel spill

By: Creamer Media Reporter      10th March 2021 Norilsk-Taimyr Energy Company, a Nornickel subsidiary, has made 146.2-billion roubles' (about $2-billion) worth of payments for damage caused to the environment as a result of a May 2020 diesel spill at Norilsk's combined heat and power plant. Nornickel has provided the funds for its... 

Nornickel coughs up $2bn for fuel spill

Kenmare says production continues despite surge in Covid-19 infections at Moma

By: Marleny Arnoldi     10th March 2021 London-listed Kenmare Resources has announced that there is currently a surge of Covid-19 cases at its Moma Titanium Minerals mine, in Mozambique. The company has 177 employees in isolation, with the majority of them being asymptomatic.  

South Africa should regulate bus, truck emissions – Royal Bafokeng Platinum   

By: Martin Creamer     10th March 2021 What a wonderful housing job Royal Bafokeng Platinum (RBPlat) has done in building 1 400 impressive family homes for its employees, with another 100 outstanding for occupation. When RBPlat CEO Steve Phiri listed the black-controlled and black-led platinum group metals (PGM) mining company on the... 

South Africa should regulate bus, truck emissions – Royal Bafokeng Platinum
Royal Bafokeng Platinum CEO Steve Phiri speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Master Drilling acquires 40% interest in AVA Solutions

By: Creamer Media Reporter      10th March 2021 Drilling services provider Master Drilling has acquired a 40% interest in data-driven mining fleet management solutions specialist AVA Solutions. Founded in 2015 by Anton Fourie and Jason van der Watt, two engineers with over 25 years of combined mining industry experience, AVA has created a... 

De Beers' sales rise on positive consumer demand for diamond jewellery

By: Creamer Media Reporter      10th March 2021 Diamond miner De Beers says good rough diamond demand continued during its second sales cycle for this year on the back of positive consumer demand for diamond jewellery. The value of diamonds sold in the second quarter increased to $550-million, from $362-million in the second sales cycle of 2019. 

Royal Bafokeng Platinum engaged in tailings, concentrator, conveyor projects  

By: Martin Creamer     10th March 2021 Platinum group metals mining company Royal Bafokeng Platinum (RBPlat) has tailings, concentrator and overland conveyor projects under way, which are aimed at achieving organic growth as well as long-term sustainability. RBPlat executive head of operations Neil Carr reported at the company's... 

Royal Bafokeng Platinum engaged in tailings, concentrator, conveyor projects
Royal Bafokeng Platinum’s project pipelined covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Strong investment demand sustained platinum in the fourth quarter of 2020  

By: Simone Liedtke     10th March 2021 For the third consecutive quarter, platinum remained in a deficit, at 170 000 oz, in the fourth quarter of 2020 as strong demand in the automotive, industrial and jewellery sectors and sustained strong investment demand for platinum outstripped constrained supply, the World Platinum Investment... 

Strong investment demand sustained platinum in the fourth quarter of 2020
WPIC research director Trevor Raymond speaks to Creamer Media's Simone Liedtke, and discusses platinum and related movements during the last quarter of 2020. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Royal Bafokeng Platinum studying feasibility of 30 MW solar power plant   

By: Martin Creamer     9th March 2021 Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) which on Tuesday reported a record performance accompanied a R1.5-billion maiden dividend payment, is conducting a study into the economic feasibility building of a 30 MW modular photovoltaic (PV) solar energy plant at... 

Royal Bafokeng Platinum studying feasibility of 30 MW solar power plant
Royal Bafokeng Platinum’s record results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nornickel schedule for mine restarts to be considered by March 16

By: Reuters     9th March 2021 Russia's Norilsk Nickel on Tuesday said it will consider a recovery schedule for its two main mines, where operations remain partly suspended because of a continuing inflow of groundwater, by March 16. Nornickel, the world's largest palladium producer and a leading nickel producer, partly... 

Nornickel schedule for mine restarts to be considered by March 16

Shareholders ask Rio Tinto to disclose climate targets, review lobby associations

By: Reuters     9th March 2021 Two small groups of Rio Tinto shareholders proposed resolutions for the mining giant to disclose emission targets and review its association with lobby groups, Rio said on Tuesday. Mining companies around the world are under growing shareholder pressure to reduce their carbon footprint and take... 

Shareholders ask Rio Tinto to disclose climate targets, review lobby associations

China South Africa’s largest coal market in February – Goldman Sachs 

By: Martin Creamer     9th March 2021 China was South Africa’s largest coal market in February, taking over from India, which is traditionally been South Africa’s largest coal export market. Normally, China does not import coal from South Africa, but 2021 has seen a shift, Mining Weekly reported in early January 

China South Africa’s largest coal market in February – Goldman Sachs
South Africa's world-class Richards Bay Coal Terminal in KwaZulu-Natal.

Bristow, BlackRock’s Hambro call for uniform ESG reporting

By: Marleny Arnoldi     9th March 2021 Investment company BlackRock foresees many changes in the resources market going forward, as companies evolve their product mix based on the carbon intensity of production, as well as pricing differentials based on the “greenness” of commodity production. The company, along with global miner... 

Bristow, BlackRock’s Hambro call for uniform ESG reporting
Photo by Bloomberg
Barrick Gold president & CEO Mark Bristow

Gates-backed startup joins race to make green hydrogen cheaper

By: Bloomberg     9th March 2021 Israeli startup H2Pro joined the race to make cheap green hydrogen after securing investments from funds backed by Microsoft Corp founder Bill Gates and Hong Kong billionaire Li Ka-shing. As governments and industries get serious about cutting greenhouse gas emissions, demand has grown for... 

Gates-backed startup joins race to make green hydrogen cheaper
Bill Gates

Royal Bafokeng Platinum delivers top performance, declares maiden dividend

By: Martin Creamer     9th March 2021 Platinum group metals (PGMs) mining company Royal Bafokeng Platinum (RBPlat) on Tuesday reported a record performance and declared its maiden dividend on the back of a 2 734.2% increase in 2020 headline earnings to R3.5-billion. The JSE-listed black-controlled, black-led and black-managed... 

Royal Bafokeng Platinum delivers top performance, declares maiden dividend
RBPlat CEO Steve Phiri

Merafe loss decreases, electricity risk remains, logistics challenge intensifies  

By: Martin Creamer     8th March 2021 Although the loss suffered by ferrochrome company Merafe Resources decreased in 2020, its electricity risk remains and its logistics challenges are intensifying. Merafe’s revenue and operating income is primarily generated from the Glencore Merafe Chrome Venture, which has a total capacity of... 

Merafe loss decreases, electricity risk remains, logistics challenge intensifies
Merafe Resources results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Tirupati shares progress on increasing production, hydropower facility

By: Marleny Arnoldi     8th March 2021 London-listed Tirupati Graphite is fast progressing its flake graphite projects in Madagascar – Sahamamy and Vatomina, including the development of hydropower facilities at Sahamamy. Tirupati is advancing various work streams to increase primary flake graphite capacity in Madagascar to 12 000... 

Report finds majority of extractive commodity traders lack ESG disclosure

By: Marleny Arnoldi     8th March 2021 Swiss research organisation RMF finds in a new report that companies involved in oil, gas, metals or minerals trading score on average only 23% on environmental, social and governance (ESG) due diligence. The report, titled 'ESG Due Diligence and Transparency Report on Extractive Commodity... 

Pensana appoints COO, metallurgical manager

By: Creamer Media Reporter      8th March 2021 London-listed Pensana has appointed a new COO and a new metallurgical manager, as part of the company's strategy to establish the world's first fully sustainable mine-to-magnet metal supply chain from the proposed rare earth oxide separation facility at the  Saltend Chemicals Park in the Humber,... 

AfriTin’s output steadily climbs to 473 t

By: Marleny Arnoldi     8th March 2021 Aim-listed AfriTin Mining’s total production for the 2021 financial year, ended February 28, amounted to 473 t of tin concentrate from the Uis tin mine, in Namibia. Total production was supported by a strong production of 194.5 t in the last quarter, which was a 28% quarterly increase in output... 

Beowulf progresses Finland graphite processing ambitions

By: Mariaan Webb     8th March 2021 Exploration and development company Beowulf Mining has signed a memorandum of understanding (MoU) with Epsilon Advanced Materials Private, a subsidiary of Epsilon Carbon, to develop a concept for a strategic processing hub of natural flake and recycled graphite in Finland. The MoU will enable... 

Norsk Hydro strikes $1.6bn deal to sell assets to KPS

By: Bloomberg     8th March 2021 Norsk Hydro, one of the world’s largest aluminum producers, is selling its rolling business to private equity firm KPS Capital Partners in the hope of improving profitability. Hydro will sell the operations, which include seven plants and about 5 000 employees, to KPS for an enterprise value of... 

New Caledonia agrees to Vale nickel mine sale, Tesla to be partner

By: Reuters     8th March 2021 Political leaders in New Caledonia have agreed new terms for the sale of Vale’s nickel business, including a majority stakeholding for local interests, seeking to resolve unrest over the planned sale. The deal signed by pro-independence and loyalist leaders in the French Pacific territory also... 

New Caledonia agrees to Vale nickel mine sale, Tesla to be partner

Mines anywhere, everywhere can go green – Hydrogen Optimized 

By: Martin Creamer     8th March 2021 Owing to the ubiquity of the world’s sun and the wind, all mines have the opportunity to generate their own green electricity no matter where they are located in the world, Hydrogen Optimized CEO Andrew T Stuart emphasised during last week’s Fasken online panel discussion on hydrogen. In this... 

Mines anywhere, everywhere can go green – Hydrogen Optimized
Photo by Creamer Media
Fasken panel that discussed hydrogen.

R2.3bn to be spent on Burnstone gold project – Sibanye-Stillwater 

By: Martin Creamer     5th March 2021 Capital of R2.3-billion will be spent over 14 years on the Burnstone gold project in Mpumalanga, where two-million ounces of gold are to be mined over 21 years, Sibanye-Stillwater CEO Neal Froneman told the BMO conference this week. JSE- and ADR-listed Sibanye-Stillwater acquired the Burnstone... 

R2.3bn to be spent on Burnstone gold project – Sibanye-Stillwater
Photo by Creamer Media
Earlier mining activity at the underground Burnstone gold mine, where R2.3-billion is now being invested.

Petra sells 299 ct diamond for $12.18m

By: Creamer Media Reporter      5th March 2021 London-listed Petra Diamonds in January sold the 299.3 ct diamond recovered at the Cullinan diamond mine, in South Africa, to Stargems DMCC for $12.18-million. The exceptional Type 11a white gem-quality diamond adds to the most famous diamonds that have originated from the historic Cullinan mine.... 

Upstream tailings dams pose much higher stability risks, study finds

By: Reuters     5th March 2021 The most widespread type of dam used to store mine waste is nearly twice as unstable as the average tailings facility, a global study showed on Friday, highlighting the risk of so-called "upstream" construction techniques that some countries have banned. Concern over tailings dams intensified... 

Trans-Siberian cleared to resume mining at Asacha Vein 25

By: Creamer Media Reporter      5th March 2021 Russian gold producer Trans-Siberian has been granted full permitting approvals to resume mining operations at Vein 25 in the east zone of the Asacha mine, two months after two engineers installing ventilation systems were killed in a rockfall incident. The London-listed company said on Friday... 

Rock and heavy metal: winners emerge in energy transition

By: Reuters     5th March 2021 Investors in metals and mineral extraction are poised to see their fortunes grow as the race to cut carbon emissions requires massive investment in commodities other than oil and gas. As world economies shift to more electrification and away from fossil fuels to reach net-zero carbon emissions by... 

Steps being taken to improve manganese export logistics – ARM 

By: Martin Creamer     4th March 2021 Steps involving the use of two ports rather than one, longer trains and increased rail wagon payload are being studied to improve the logistics surrounding the export from South Africa of manganese ore. State-owned rail enterprise Transnet has put on hold the capital expansion plan centred on the... 

Steps being taken to improve manganese export logistics – ARM
Photo by Creamer Media
The control room at African Rainbow Minerals' Black Rock manganese ore mine in the Northern Cape.

Green revolution gets more expensive as copper price surges

By: Bloomberg     4th March 2021 Look just beneath the surface of many of the technologies powering the energy transition and there’s a red metallic glint. Copper is a vital part of green infrastructure from grids to wind turbines, and a recent price surge threatens to make decarbonization more costly. Copper has doubled from... 

Green revolution gets more expensive as copper price surges
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