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Europe News

Govt-Minerals Council team established to promote exploration – Mgojo  

By: Martin Creamer     26th May 2021 The Department of Mineral Resources (DMRE) and Minerals Council South Africa have established a task team to promote exploration, outgoing Minerals Council president Mxolisi Mgojo said on Wednesday. The exploration task team, Mgojo said during his address to the council’s 131st annual general... 

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.
Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.

Rio looks at lithium recycling in Serbia

By: Esmarie Iannucci     26th May 2021 Diversified miner Rio Tinto has signed a memorandum of understanding (MoU) with European battery technology and manufacturing company InoBat to collaborate on the establishment of a ‘cradle to cradle’ battery manufacturing and recycling value chain in Serbia. Rio said in a statement that the... 

Thyssenkrupp Materials Trading, NextSource sign offtake agreement

By: Schalk Burger     25th May 2021 Industrial materials company Thyssenkrupp Materials Trading and Canadian battery materials development company NextSource Materials have entered into a long-term partnership to supply graphite for foundries and battery production. The parties also signed a ten-year offtake agreement for... 

Diamond explorer Bill McKechnie feels South Africa has battery mineral exploration potential  

By: Martin Creamer     25th May 2021 The renowned exploration geologist linked to the colossal and still-thriving diamond discovery against all odds at the Venetia diamond mine in Limpopo, believes there is no reason why new battery and other specialist minerals cannot be discovered in South Africa, using the techniques that he... 

Bill McKechnie
Exploration geologist Bill McKechnie interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Nornickel hires new production chief

By: Reuters     25th May 2021 Russian metals producer Nornickel has hired Sergey Stepanov, former CEO at titanium producer VSMPO, as senior vice president in charge of production, it said on Tuesday. Nornickel's previous operations boss Sergey Dyachenko left the company in March as part of a management restructuring after a... 

Czech govt ready to talk about Turow mine with Poland

By: Reuters     25th May 2021 The Czech government is ready to talk with Poland about the Turow lignite mine, where the Czech side wanted mining to stop, Environment Minister Richard Brabec said on Monday. The Court of Justice of the European Union said last week that Poland must immediately stop mining lignite coal at the... 

Polyus completes $60m mill expansion

By: Mariaan Webb     25th May 2021 Russian miner Polyus has completed the $60-million expansion of the Verninskoye mill, allowing for an additional 40 000 oz of incremental gold volumes at the mine. The upgrade has achieved target hourly throughput rate of 450 t/h and it is currently running at an annualised capacity of... 

Polyus completes $60m mill expansion

Akobo Minerals intends to list on Euronext Growth Oslo this year

By: Tasneem Bulbulia     25th May 2021 Norway-based gold exploration company Akobo Minerals, which has operations in Ethiopia, says it intends to carry out an equity private placement and apply for a listing of the company’s shares on Euronext Growth Oslo during this year. Details of the contemplated equity financing have not yet been... 

Central Copper Resources completes pre-IPO fundraise, acquisition of Armada

By: Tasneem Bulbulia     25th May 2021 UK-registered minerals exploration company Central Copper Resources (CCR) has successfully completed its $3-million capital raise ahead of launching its initial public offering (IPO), as well as the acquisition of Armada Minerals in Zambia. The fundraise includes a $2-million investment from a... 

Atalaya expands footprint in Iberian pyrite belt

By: Mariaan Webb     25th May 2021 Aim- and TSX-listed mining group Atalaya continues to expand its footprint in the Iberian pyrite belt, announcing on Tuesday a memorandum of understanding (MoU) with a Spanish company to acquire three permits, which will be collectively referred to as Proyecto Riotinto East. The project,... 

Billionaire mining moguls fight fraud cops in £70m trial

By: Bloomberg     25th May 2021 Billionaire mining tycoons said the UK’s fraud prosecutor colluded with their own “bullying” lawyer to leak confidential information and manufacture grounds for a criminal probe that’s dragged on for almost a decade. The 11-week London trial between Kazakh miner Eurasian Natural Resources (ERNC)... 

South Africans right to be very proud of country’s iron-ore – IMR  

By: Martin Creamer     24th May 2021 South Africans are well within their rights to be very proud of the iron-ore that is produced in the country. That is the view of Sedibeng Iron Ore CEO Aneesh Misra, who is also MD of IMR South Africa. (Also watch attached Creamer Media video.) 

Aneesh Mistra, CEO Sedibeng Iron Ore
Sedibeng Iron Ore CEO Aneesh Misra interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Lithium price maintains momentum as supply is short – Fitch Solutions

By: Marleny Arnoldi     24th May 2021 Research agency Fitch Solutions has published a new lithium price forecast for this year. The agency expects both lithium carbonate and hydroxide prices to trend higher this year and next, owing to accelerating demand for lithium-ion (Li-ion) batteries and a tight upstream supply.  

ArcelorMittal to restart $800m Liberia iron-ore expansion this year

By: Mariaan Webb     24th May 2021 Global steel major ArcelorMittal plans to restart the expansion of its iron-ore operations in Liberia this year, with first concentrate expected towards the end of 2023. The company has been operating a five-million tonne direct shipping ore project since 2011 and started an expansion to... 

ArcelorMittal to restart $800m Liberia iron-ore expansion this year

Rainbow notes ‘highly positive’ initial metallurgical results for Phalaborwa project

By: Tasneem Bulbulia     24th May 2021 Aim-listed Rainbow Rare Earths has recorded initial results from the ongoing metallurgical test work programme at the Phalaborwa project, in South Africa. The test work programme is being undertaken by Australian company ANSTO Minerals. 

First warning sign in the global commodity boom flashes in China

By: Bloomberg     24th May 2021 One pillar of this year’s blistering commodities rally – Chinese demand – may be teetering. Beijing aced its economic recovery from the pandemic largely via an expansion in credit and a state-aided construction boom that sucked in raw materials from across the planet. Already the world’s biggest... 

First warning sign in the global commodity boom flashes in China

Iron-ore tumbles as China's price warning grips markets

By: Reuters     24th May 2021 Asia's iron-ore futures tumbled on Monday, leading another bout of selling in the metals complex, after China's state planner warned against commodity price manipulation and vowed to clamp down on speculative trading. The most-traded iron-ore contract for September delivery on China's Dalian... 

Arne Frandsen’s great green graphite offering debuts Monday  

By: Martin Creamer     21st May 2021 Arne Frandsen’s great green graphite offering debuts Monday when trading of the shares of Nouveau Monde Graphite begin on the New York Stock Exchange. There is no half measure with Nouveau Monde Graphite chairperson and Pallinghurst managing partner and co-founder Frandsen when it comes to... 

Arne Frandsen
Pallinghurst Group managing partner and cofounder Arne Frandsen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Generalist funds flow back into mining as prices, inflation climb

By: Reuters     21st May 2021 Surging prices for commodities, stronger balance sheets and rising inflation have lured back to mining stocks generalist investors that for years shunned the sector, data shows. Shares in diversified mining companies Rio Tinto , BHP , Anglo American and Glencore have doubled in the last year, as... 

Poland ordered by EU court to halt output at major lignite mine

By: Bloomberg     21st May 2021 Poland may need to shut down a coal-fired power plant supplying 7% of the country’s electricity after the European Court of Justice sided with the Czech Republic’s environmental suit against its northern neighbour. The tribunal ordered Poland’s biggest utility PGE to halt lignite extraction from... 

Poland ordered by EU court to halt output at major lignite mine

Uranium miner Kazatomprom first-quarter profit falls

By: Reuters     21st May 2021 Kazakh uranium miner Kazatomprom's net profit fell to 6.043-billion tenge ($14-million) in the first quarter from 29.398-billion tenge a year earlier, the company said on Friday. The company's financial report said the decrease was largely a result of the year-ago period including one-off gains... 

Uranium miner Kazatomprom first-quarter profit falls

Bluejay says Greenland Minister reaffirmed support for mining

By: Creamer Media Reporter      21st May 2021 Aim-, FSE-listed and QTCQB-traded Bluejay Mining CEO Bo Stensgard said on Friday that he had held a positive meeting with Greenland’s mining Minister, who was appointed following the recent general election in that country. Housing, Infrastructure, Mineral Resources and Gender Equality Minister... 

The great commodities boom of 2021 is facing its first big test

By: Bloomberg     21st May 2021 One of the biggest commodities booms in decades is looking for a fresh reason to power higher. Markets from copper to oil to corn surged recently as monetary stimulus and a recovery from the pandemic tightened supplies, fueling a debate about whether raw materials are in a new supercycle. But the... 

Centerra goes after ex-board member 

By: Mariaan Webb     21st May 2021 Canadian miner Centerra Gold has initiated proceedings in the Ontario Superior Court against former board member Tengiz Bolturuk, claiming “flagrant breaches” of his fudiciary duties to the company. Centerra is seeking to prevent Bolturuk, a dual Canadian and Kyrgyz citizen, from direct or... 

Kyrgyzstan has taken over control of the Kumtor mine.
Kyrgyzstan has taken over control of the Kumtor mine.

Hummingbird granted mining licences for Kouroussa gold project

By: Tasneem Bulbulia     20th May 2021 Aim-listed Hummingbird Resources has been granted the mining licences needed for its Kouroussa gold project, in Guinea. The licences have a 15-year, renewable term. Mine construction must start within one year. 

Altus granted new copper, tin and zinc projects in Morocco

By: Tasneem Bulbulia     20th May 2021 Aim-listed Altus Strategies has been granted three new distinct exploration projects, as well as exploration licences adjacent to existing projects totalling 221 km2 in Morocco. The projects were awarded to the company's 100% owned subsidiary, Aterian Resources, as part of a competitive tender... 

Eurasia raises $20m for Russian JV

By: Creamer Media Reporter      20th May 2021 Palladium and platinum junior Eurasia Mining on Thursday announced a private placement of $20-million to fund its joint venture (JV) with Rosgeo, in Russia. The London-listed miner will place 53.31-million shares and warrants to a single investor at 26.5p each, raising £14.13-million, or... 

Climate is global issue that exceeds anything seen in centuries – Anglo   

By: Martin Creamer     20th May 2021 Recent generations have defined the environment as a critical issue for humanity and climate change represents a new and sharper focus that exceeds any single global issue that we have seen in centuries, Anglo American CEO Mark Cutifani has told the Bank of America Securities Global Metals,... 

Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.
Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.

Glencore, CMOC and ERG to pilot blockchain solution for cobalt tracing

By: Creamer Media Reporter      20th May 2021 Major metals and mining companies CMOC, Eurasian Resources Group (ERG) and Glencore are, in collaboration with battery material supplier Umicore, piloting ReISource – a solution to trace responsibly produced cobalt from the mine to the electric car. Re|Source has been designed to proactively... 

ASM cobalt operations in the DRC
ASM cobalt operations in the DRC

Iron-ore slumps as China steps up efforts to curb soaring prices

By: Reuters     20th May 2021 Chinese iron ore and steel futures led a selloff across the nation's metals complex on Thursday after the government sought stricter oversight of commodity markets to curb exorbitant prices, sparking a broad-based correction. September iron ore on the Dalian Commodity Exchange ended daytime... 

Akobo Minerals hires Tesfaye Medhane as GM of Etno Mining

By: Tasneem Bulbulia     19th May 2021 Norway-based gold exploration company Akobo Minerals announced that Tesfaye Medhane has joined its Ethiopian company Etno Mining as GM. In his new role, Medhane will oversee all aspects of managing Etno Mining and will be responsible for all facets of the exploration and future mining operations... 

Mining industry can play key role in sustainability  

By: Tasneem Bulbulia     19th May 2021 The mining industry has a role to play in sustainability and mining companies have the potential to become leading partners in achieving the United Nations’ (UN’s) Sustainable Development Goals (SDGs), especially with environmental, social and governance (ESG) becoming ever more imperative.... 

Site works start on pioneer sustainable rare earth separation facility in the UK

By: Tasneem Bulbulia     19th May 2021 Following the easing of Covid-19 restrictions, team members from UK-based Pensana, construction engineering company pxGroup and engineering consultants Wood Group have started site works at the Saltend Chemicals Park to establish the world's first sustainable rare earth separation facility. The... 

Hire jobless geologists to capture much-needed exploration data – LEI   

By: Martin Creamer     19th May 2021 A strong call for unemployed geology graduates to be contracted to capture historic exploration data electronically has been made by Letaba Elihle Investments (LEI) principal geology consultant Siphelele (Siphe) Ntshangase. In a Zoom interview with Mining Weekly Ntshangase also called on South... 

LEI Principal Geology Consultant Siphelele (Siphe) Ntshangase
LEI Principal Geology Consultant Siphelele Ntshangase interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Once key to the economy, Bosnia's coal mines face closure

By: Reuters     19th May 2021 Fourth-generation miner Adis Genga says he and his co-workers would join a general strike at Bosnian coal mines if miners are forced to leave their jobs under unfavourable conditions, knowing their days of staging industrial action are numbered. Within a decade, Genga, 37, and other workers from... 

Rusal to demerge its higher carbon assets and change name

By: Reuters     19th May 2021 Russian aluminium producer Rusal said on Wednesday that it would demerge its higher carbon assets into a separate company as part of its goal to achieve carbon neutrality by 2050 and will change its own name to AL+ as part of the process. Hong-Kong listed Rusal is the world's largest aluminium... 

Rusal to demerge its higher carbon assets and change name

Former Centerra board member named Kumtor GM

By: Mariaan Webb     19th May 2021 Kyrgyzstan has named Tengiz Bolturuk as general manager of the Kumtor gold mine, a day after seizing control of the mine that was formerly operated by Canadian mining company Centerra Gold. The announcement was made in a statement issued by head of the State commission on Kumtor, Akylbek Japarov. 

Former Centerra board member named Kumtor GM
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