R/€ = 17.32 Change: -0.02
R/$ = 14.57 Change: -0.01
Au 1827.38 $/oz Change: 12.02
Pt 1046.50 $/oz Change: -32.00

Europe News

Aus and Germany sign hydrogen agreement

By: Esmarie Iannucci     14th June 2021 The Australian government has announced a partnership with Germany that will invest in a series of new initiatives to accelerate the development of a hydrogen industry, creating new economic opportunities and jobs while reducing emissions. The Australia-Germany Hydrogen Accord built on the... 

Platinum jewellery sales continue to record strong rebound

By: Simone Liedtke     11th June 2021 Despite ongoing challenges escalated by the Covid-19 pandemic, platinum jewellery retailers and manufacturers report a sustained recovery across three of four key markets in the latest ‘Platinum Jewellery Business Review (PJBR)’ report for the first quarter of this year. The strong momentum is... 

Waterton seeks up to $1bn for Quebec nickel mine

By: Bloomberg     11th June 2021 Waterton Global Resource Management has hired advisers to sell its Dumont nickel project in Quebec, seeking to capitalize on demand for the resource as automakers make plans to build more electric vehicles, according to people familiar with the matter. The project, which is located about 300... 

Early Tesla investor backs firm that tracks metals supply chain

By: Bloomberg     11th June 2021 An early Tesla investor is backing a startup that helps track battery metals across the supply chain to ensure they hold up to environmental and ethical scrutiny. The Westly Group, which led a funding round with five other venture capital firms, invested $14-million in Circulor, according to a... 

Early Tesla investor backs firm that tracks metals supply chain

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Exploration Geology Consultants exploration manager Thinus Jordaan
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

MRC starts graphite production at Norway mine

By: Esmarie Iannucci     11th June 2021 ASX-listed Mineral Commodities (MRC) has started mining operations at the Trælen graphite mine, in Norway, through its 90%-held subsidiary Skaland Graphite. “The commencement of decline mining represents a new chapter in the life of Trælen mining operations, which until now have been following... 

Iron-ore scales over three-week high on China demand, supply risks

By: Reuters     11th June 2021 Iron-ore futures jumped on Friday to their highest in more than three weeks, as a rebound in steel inventory in top producer China suggested that demand for the raw material remained brisk. The most-traded September iron ore on China's Dalian Commodity Exchange rose as much as 4.1% to 1 226 yuan... 

Coal expected to remain dominant source of power in the coming decade - Fitch Solutions

By: Simone Liedtke     10th June 2021 Coal is expected to remain the dominant source of power for most of Southeast Asia and Australia in the coming decade, at least, and Fitch Solutions Country Risk and Industry Research says that will support the mining of coal and coal trade in the region. Coal currently remains the most practical... 

Sandvik expects bigger market for battery-driven mining gear in two to three years

By: Reuters     10th June 2021 Sandvik expects the market for battery-electric underground mining equipment to hit a higher gear in two to three years, as mining companies attempt to lower emissions and cut costs. With an electrification boom looming, Sandvik, whose competitors include Epiroc and Caterpillar, could sell more... 

Organisers of Nordgold IPO see its value at $5.1bn to $6.6bn - sources

By: Reuters     10th June 2021 Two organisers of an initial public offering (IPO) for Russia-focused gold producer Nordgold see its equity value at $5.1-billion to $6.6-billion, three financial market sources told Reuters on Thursday. Gazprombank put it at $5.1-billion to $6.6-billion, while Renaissance sees it at... 

Sandvik expects bigger market for battery-driven mining gear in 2-3 years

By: Reuters     10th June 2021 Sandvik expects the market for battery-electric underground mining equipment to hit a higher gear in two to three years, as mining companies attempt to lower emissions and cut costs. With an electrification boom looming, Sandvik, whose competitors include Epiroc and Caterpillar, could sell more... 

Investors with $41tr ask G7 to stop subsidising fossil fuels

By: Bloomberg     10th June 2021 A coalition of investors overseeing a combined $41-trillion of assets have called on world leaders to set more ambitious greenhouse-gas emissions targets and end support for fossil fuels. DWS Group, Legal and General Investment Management and Pacific Investment Management Co were among 457... 

Swedish mine-to-anode project to reduce Europe's reliance on China - Leading Edge

By: Mariaan Webb     10th June 2021 Vancouver-based Leading Edge Materials has announced the results of a preliminary economic assessment (PEA) of its Woxna project, demonstrating the potential viability of a Swedish operation producing battery grade anode material using an existing graphite mine and concentrator with the addition... 

Adriatic launches foundation in Bosnia

By: Mariaan Webb     10th June 2021 ASX- and LSE-listed silver developer Adriatic Metals has launched a charitable trust in Bosnia to support communities around its Vares project, investing in initiatives designed to create a long-term legacy. The foundation, managed by a board of trustees who represents the local communities... 

Botswana Diamonds advances towards resource assessment at Thorny River

By: Simone Liedtke     10th June 2021 Aim- and BSE-listed Botswana Diamonds is advancing towards resource assessment at its Thorny River diamond project, in South Africa, following a recent kimberlite discovery. Following the discovery of a second kimberlite blow at Thorny River, independent specialists aggregated all the geophysical... 

EU should promote moratorium on deep-sea mining, lawmakers say

By: Reuters     10th June 2021 The European Union should promote a moratorium on deep seabed mining until its effects on the environment are better understood and can be managed, the European Parliament said on Wednesday, adding to calls for a pause on the nascent industry. A global shift from fossil fuels to electrify the... 

EU should promote moratorium on deep-sea mining, lawmakers say

IMF calls for ‘speedy, transparent’ resolution of Kumtor dispute

By: Mariaan Webb     9th June 2021 The International Monetary Fund (IMF) has called for a “speedy and transparent” resolution of the ongoing dispute over the Kumtor gold mine, in Kyrgyzstan, noting that stable gold production is key to the Central Asian nation’s economic growth forecasts of 3.8% in 2021 and 6.4% in 2022.... 

IMF calls for ‘speedy, transparent’ resolution of Kumtor dispute

Metal worth more than gold is set to get even more expensive

By: Bloomberg     9th June 2021 Palladium’s surge has given it the title of most-expensive of the major traded precious metals, and its gap over gold may widen as demand buoys prices. The metal used in catalytic converters hit an all-time high of more than $3 018/oz in May and, even as its rally cooled over the past month, is... 

Metal worth more than gold is set to get even more expensive

Secretive world of diamonds is in the grips of a buying frenzy 

By: Bloomberg     9th June 2021 At the latest De Beers diamond auction this week, buyers shopping for the kind of stones used to make an average engagement ring were in for a sticker shock: some prices had ballooned by 10% since the last sale. News of the unusually sharp increases spread swiftly through the community of 80-odd... 

Regenerative coal mining crucial part of just transition to green economy – Bevan Jones 

By: Martin Creamer     9th June 2021 A shift to “regenerative mining” of coal reserves is a crucial part of a solution to a greener, cleaner future, said African Source Markets CEO Bevan Jones on Wednesday. Jones, a former commodity trader at Macquarie and Rand Merchant Bank, who cofounded the global coal market in London in the... 

African Source Markets CEO Bevan Jones
African Source Markets CEO Bevan Jones

Iron-ore jumps on supply concerns, shrugs off China price watch

By: Reuters     9th June 2021 Iron-ore futures rose on Wednesday, with the Dalian benchmark contract gaining up to 5.4% after a three-day slump, as worries over supply boosted prices of the steelmaking raw material. The most-traded September iron-ore on China's Dalian Commodity Exchange ended daytime trading 4% higher at 1... 

Prairie makes a claim against Polish government

By: Esmarie Iannucci     9th June 2021 ASX-listed coal developer Prairie Mining has filed a £806-million statement of claim for compensation against the Republic of Poland as part of its ongoing international arbitration claims. Prairie’s dispute alleges that the Republic of Poland has breached its obligations under the applicable... 

New Moody’s scores to reflect ESG risks

By: Marleny Arnoldi     8th June 2021 Ratings agency Moody’s has published environmental, social and governance (ESG) issuer profile and credit impact scores for various rated issuers in the global metals and mining sector. This follows on the agency’s publication of ESG scores for a range of corporate issuers, utilities and US... 

South Africa accounts for half of ICMM members' mining fatalities

By: Marleny Arnoldi     8th June 2021 The latest safety performance report by the International Council on Mining and Metals (ICMM) finds that South African members of the council had the highest fatality rate last year, accounting for 50% of fatalities reported by ICMM members globally. The country recorded 22 fatalities from... 

South Africa accounts for half of ICMM members' mining fatalities

Central banks expected to buy the same amount of gold as last year, says WGC 

By: Simone Liedtke     8th June 2021 Central banks continue to be positive on gold, with about the same number of central banks expected to buy gold compared with last year, the World Gold Council (WGC) said on June 8. In its the ‘2021 Central Bank Gold Reserves (CBGR)’ survey, the council noted that 21% of central banks intend to... 

Central banks expected to buy the same amount of gold as last year, says WGC

Candelaria walks away from Georgia acquisition, Empire sells to JV partner

By: Mariaan Webb     8th June 2021 TSX-V-listed Candelaria Mining has terminated an agreement to buy a share in a 30-year copper/gold mining concession, in Georgia, after Aim-listed Empire Metals could not reach an agreement with its joint venture partner regarding a right of first refusal. Instead, Empire has sold its 50% in the... 

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

PwC Africa mining leader Andries Rossouw
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Kodal’s Bougouni steps closer to fully permitted status

By: Marleny Arnoldi     8th June 2021 Aim-listed Kodal Minerals’s Bougouni lithium project, in Mali, is nearing fully permitted project status. The company on June 8 received correspondence from Mali’s directorate of geology and mines Direction Nationale de la Geologie et des Mines (DNMG), confirming acceptance of the feasibility... 

Miners due better year in 2021 - report

By: Esmarie Iannucci     8th June 2021 New research from PwC has found that the world’s top 40 miners could report record high revenues and earnings in 2021, and the second highest net profits in 18 years. In its Mine 2021 report, PwC noted that strong commodity prices propelled market capitalisation to rise by 64% on 2019 figures to... 

Miners due better year in 2021 - report

Gold ETFs add $3.4bn to supply, reversing three months of net outflows

By: Simone Liedtke     7th June 2021 Global gold exchange-traded funds (ETFs) added 61.3 t, valued at about $3.4-billion, in May, reversing three straight months of net outflows, which the World Gold Council (WGC) says is largely a function of investment demand increasing with the price strength of gold, along with renewed inflation... 

Cornish Lithium builds lithium extraction test facility

By: Marleny Arnoldi     7th June 2021 UK explorer Cornish Lithium has successfully completed the construction of its United Downs geothermal water test site, in Cornwall, which will be used to trial direct lithium extraction (DLE) process technologies. The facility has been designed to establish which DLE technologies are most... 

Mkango, partner to establish a rare earths hub in Poland

By: Tasneem Bulbulia     7th June 2021 Canadian junior Mkango Resources and Grupa Azoty Zakłady Azotowe PULAWY have agreed to work together towards the development of a rare earth separation plant, in Poland. Mkango, which is listed on the TSX-V and Aim, has established a new wholly owned subsidiary Mkango Polska, to be led by Mkango... 

Mkango, partner to establish a rare earths hub in Poland

Weekly Coal Index Report

7th June 2021 Short seller Boatman Capital has made news in a full-frontal attack on Thungela Resources’ environmental liabilities. However, when one sees coal miners as transitioning to “regenerative miners”, working with Nature to restore soil and water, while creating jobs for local communities, then one... 

Weekly Coal Index Report

Iron-ore tumbles as optimism around China demand fades

By: Reuters     7th June 2021 Iron-ore prices tumbled on Monday as China's subdued trade data for May and narrowing steel profit margins dampened the market's enthusiasm about demand prospects for the steelmaking ingredient. China, which accounts for more than half of the world's steel output, imported 89.79 million tonnes of... 

Iron-ore tumbles as optimism around China demand fades

Anglo responds to dossier on coal demerging, Thungela shares fall 

By: Martin Creamer     6th June 2021 The provision of R6.45-billion on the balance sheet of the demerged Thungela thermal coal company is over and above the regulatory guidance for miners in South Africa, is in accordance with IFRS and audited, and consistent with the provisioning norms within the industry. This was stated to Mining... 

Clouds over environmental liabilities.
Clouds over environmental liabilities.

Viscara mine entered for first time in a quarter century

By: Creamer Media Reporter      4th June 2021 To get a better basis for further environmental studies and investigation of the technical conditions, Swedish firm Copperstone Resources this week opened up and entered the Viscaria mine, which has been closed since 1996. The company hopes to receive confirmation that previous remediation has... 

Global copper smelting extends recovery in May

By: Reuters     4th June 2021 Global copper smelting extended its rebound in May, touching fresh highs for the year as operations continued to take advantage of strong prices, data from satellite surveillance of copper plants showed. Activity in China was strong at first, but weakened through the month as smelters undertook... 

Polyus to consider sustainability-linked bonds

By: Reuters     4th June 2021 Russia's largest gold producer Polyus will consider issuing sustainability-linked bonds for refinancing of its 2022 Eurobond, CEO Pavel Grachev told Reuters. Polyus's net debt to Ebitda ratio will begin to rise in the coming years as it increases investment in its two expansion projects,... 

3 4 5 6
8 9 10 11

Latest News


Latest Videos


Latest News: Australasia


Latest News: Americas


Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


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


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Free daily email newsletter Register Now
Register Close