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Graphite News

Renascor completes capital raise

By: Esmarie Iannucci     8th December 2022 Graphite developer Renascor Resources has completed it’s A$70-million fully underwritten institutional placement, issuing 254.5-million shares at a price of 27.5c each. The company this week launched the capital raise to progress is Siviour battery anode material (BAM) project, in South Australia. 

Walkabout appoints GM to lead commissioning of Lindi Jumbo

By: Creamer Media Reporter      7th December 2022 ASX-listed Walkabout Resources has appointed experienced mining executive Charl van der Merwe as GM of the Lindi Jumbo graphite mine, in Tanzania.  Bringing over 35 years’ experience including senior and executive positions in mine development and management with major, mid-tier and junior miners... 

Anglo invests $200m to accelerate zero emissions haulage solution 

By: Martin Creamer     7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... 

Aussie miners to adjust portfolios in 2023 - KPMG

By: Esmarie Iannucci     7th December 2022 A survey conducted by advisory firm KPMG has revealed that a significant number of Australian mining companies would change their portfolio of products towards future-facing commodities in 2023. KPMG Australia’s national mining and metals leader Nick Harridge said the economic shift toward a... 

Sovereign to spin off graphite projects

By: Esmarie Iannucci     7th December 2022 Dual listed Sovereign Metals has announced plans to demerge its Malawian graphite projects into a wholly-owned subsidiary company called NGX. Subject to shareholder approval, Sovereign will spin-out the Nanzeka, Malingunde, Duwi and Mabuwe projects and undertake an in-specie distribution of... 

Renascor sets A$70m raising target

By: Esmarie Iannucci     7th December 2022 ASX-listed Renascor Resources is hoping to raise A$70-million in a fully underwritten institutional placement to progress its Siviour battery anode material (BAM) project, in South Australia. The company will issue 254.5-million shares, at a price of 27.5c each, representing a 14.1% discount to... 

Test work on Blencowe’s Orom-Cross graphite project exceeds expectations

By: Darren Parker     6th December 2022 Additional metallurgical test work on London-listed Blencowe Resources’ Orom-Cross graphite project, in Northern Uganda, has been completed by technical specialist firm IMO based in Perth, Australia. Blencowe said on December 6 that the objectives of the test work have been met or exceeded in... 

Tirupati raises £5m in oversubscribed placement for Suni acquisition

By: Marleny Arnoldi     5th December 2022 UK-based Tirupati Graphite, which owns and operates graphite mines in Madagascar, has raised £5-million through an institutional and private placement of 14.2-million new ordinary shares in the company, at a price of £0.35 apiece. The fundraise, which was oversubscribed, is conditional only on... 

Black Rock advances power talks in Tanzania

By: Esmarie Iannucci     5th December 2022 ASX-listed Black Rock Mining has inked a non-binding memorandum of understanding (MoU) to secure grid power for the Mahenge graphite project, in Tanzania. Black Rock on Monday announced the MoU with Tanzania Electricity Supply Company (Tanesco) to collaborate on the construction of a 229 kV... 

Critical minerals strategy open for debate

By: Esmarie Iannucci     2nd December 2022 The federal government has released a discussion paper and opened public consultation on the future of the critical minerals industry in Australia. Minister for Resources and Northern Australia Madeleine King said the consultations would inform the government’s new Critical Minerals Strategy and... 

Triton sticks to plan at Ancuabe

By: Esmarie Iannucci     1st December 2022 ASX-listed Triton Minerals has re-committed itself to the full-scale development of its Ancuabe graphite project, in Mozambique, as envisioned in a 2017 definitive feasibility study (DFS). The company told shareholders on Thursday that the decision to move straight to a large-scale development... 

Marula secures option on graphite licences in Tanzania

By: Marleny Arnoldi     30th November 2022 London-headquartered Marula Mining has entered into a binding head of agreement with Tanzanian miner Kusini Gateway Industrial Park (KGIP) to secure a 73% commercial interest in the Bagamoyo graphite project, in Tanzania. The project extends over 180 ha and comprises 22 granted graphite mining... 

Australian battery metal players key to South Korea's EV ambition

By: Reuters     30th November 2022 Australia will play a big role in South Korea's ambition to lead the electric vehicle batteries market and diversify from China for its battery metals needs, a top South Korean executive said on Wednesday. Ben Bosung Kim, the MD for steel giant POSCO in Australia, said the company has already... 

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.

2023 Mining Indaba to focus on Africa’s green metals opportunity

By: Donna Slater     29th November 2022 Next year’s Investing in African Mining Indaba will focus on the ways Africa can enhance the opportunity to increase the supply of green metals to meet global energy demands, while creating meaningful value for communities. Taking place during February 6 to 9 at the Cape Town International... 

Renascor ticks a major box at Siviour

By: Esmarie Iannucci     29th November 2022 The South Australian Department of Energy and Mining has approved ASX-listed Renascor Resources’ Program for Environment Protection and Rehabilitation (PEPR) for its proposed Siviour graphite mine and concentrator. The PEPR approval permits Renascor to process up to 1.65-million tonnes a year,... 

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives global solutions head Oliver Beck.
Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.

International Graphite opens pilot processing plant in Western Australia

By: Reuters     25th November 2022 Australia's International Graphite opened a test graphite processing plant in Western Australia on Friday, as the state moves to add value in the battery processing chain. It comes as Australia seeks to develop its critical minerals processing industry, with Treasurer Jim Chalmers on Friday... 

Miners welcome Australia's critical mineral support

By: Esmarie Iannucci     25th November 2022 Federal Resources Minister Madeleine King has outlined the Commonwealth government’s measures to assist in developing the critical minerals industry in the country, among which was the development of a new Critical Minerals Strategy. Speaking at the Australian Critical Minerals Summit, in... 

Chalmers warns of narrow critical mineral supply chains

By: Esmarie Iannucci     25th November 2022 Federal Treasurer Jim Chalmers has warned of the dangers of a constrained supply chain for the critical minerals sector, warning that the sector could become hostage to geopolitical competition and conflicts. Speaking at the Australian Critical Minerals Summit, in Sydney, Chalmers said that as... 

Image shows an aluminium refinery

Tirupati’s Madagascan projects continue at full pace following reorganisation

By: Donna Slater     24th November 2022 Specialist graphite and graphene company Tirupati Graphite reports that its Madagascar-based Vatomina preconcentrate plant continues to operate uninterrupted and at nameplate ore feed capacity of 600 t/d, following a reorganisation of the plant. The construction and installation of the second... 

Downstream processing could add A$40bn to Aus economy - PwC

By: Esmarie Iannucci     24th November 2022 Modelling undertaken by advisory firm PwC has shown that value-added industries in the critical minerals sector could contribute more than A$40-billion to the Australian economy by 2025. The value-added industry, which includes processing, refining and manufacturing, could also deliver as many... 

South Africa’s crime crisis ruling out economic growth, sustainability discussion hears 

By: Martin Creamer     23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... 

Roger Baxter.
Roger Baxter.

Vital appoints Canadian MD

By: Esmarie Iannucci     22nd November 2022 ASX-listed Vital Metals has appointed former Roxgold president, CEO and director, John Dorward as its MD, effective immediately. The TSX-listed Roxgold was acquired by dual-listed Fortuna Silver Mines in a $884-million deal last year.  

Platinum moving into meaningful deficit amid emergent source of new end-demand 

By: Martin Creamer     22nd November 2022 Platinum is moving into meaningful deficit amid an emergent source of new end-demand in the form of green hydrogen. The 2022 surplus of 804 000 oz is projected to move into a deficit of 303 000 oz in 2023, according to the Platinum Quarterly of the World Platinum Investment Council (WPIC) for the... 

World Platinum Investment Council director of research Edward Sterck.
World Platinum Investment Council Director of Research Edward Sterck interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Top green hydrogen/fuel cell collaboration boost for platinum-group metals 

By: Martin Creamer     16th November 2022 A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green hydrogen technology that is competitive with fossil fuels.  The aim of agreement is to help accelerate the industrialisation of Nel’s proton exchange... 

Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.
Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.

Opinion: African minerals are critical for the green energy transition

15th November 2022 In this article, Konrad-Adenauer-Stiftung – South African Institute of International Affairs scholar Danielle Marais writes about the importance of Africa's mineral resources for the global green energy transition. 

KAS-SAIIA Scholar Danielle Marais

Nouveau Monde appoints former Baffinland exec to board

By: Creamer Media Reporter      14th November 2022 Battery metals exploration and development company Nouveau Monde Graphite has announced the appointment of finance executive Stephanie Anderson to its board of directors. Anderson has a broad range of financial, technical, marketing, market development and Arctic bulk shipping experience, gained... 

Balama to restart after security scare

By: Esmarie Iannucci     14th November 2022 Graphite miner Syrah Resources was forced to temporarily suspend operations at its Balama project, in Mozambique, on security concerns. The company on Monday told shareholders that it was informed of security concerns in the Namuno district, 50 km from the Balama graphite operation on November... 

More investment needed in Australia's critical minerals - PwC

By: Esmarie Iannucci     11th November 2022 A new report by PwC found that despite an increase in Australia’s critical minerals sector, the country’s current pipeline of development projects would fall well short of expected demand surge. In its latest Aussie Mine report, PwC said on Friday that factoring in project lead times, Australia... 

An image of the Australian flag

Nouveau Monde raises $50m

By: Mariaan Webb     10th November 2022 NYSE- and TSX-V-listed Nouveau Monde Graphite (NMG) has closed its private placement announced last month, raising $50-million from Mitsui & Co, Pallinghurst Bond Limited and Investissement Quebec (IQ). Through the private placement, Mitsui subscribed for $25-million in convertible note, while... 

Investment needed for outgoing coal, incoming renewables, impacted communities, Mapungubwe highlights 

By: Martin Creamer     8th November 2022 With South Africa having committed to transition away from coal, investments will not only be required for the retiring of coal plants and the ramping up of renewable energy, but also for coal communities, who will require alternative economic development plans to sustain the livelihoods of all... 

President Cyril Ramaphosa arriving in Egypt for COP27.
President Cyril Ramaphosa arriving in Egypt for COP27.

High commodity prices led to record tax - ATO

By: Esmarie Iannucci     3rd November 2022 Data released by the Australian Taxation Office (ATO) on Thursday showed that large corporations in Australia pad some $68-billion in income tax in 2020-21, the highest since reporting started. High commodity prices were the key drivers of the increase in corporate tax payments, the ATO said,... 

Migration needed to fill skills gap - Australia Minister

By: Esmarie Iannucci     3rd November 2022 Both skilled and unskilled migration into Australia would form a part in breaching the massive skills gap facing Australia, Resources Minister Madeleine King said on Thursday. Speaking on the sidelines of the the International Mining and Resources Conference (IMARC) in Sydney, King noted that... 

Maniry costs skyrocket

By: Esmarie Iannucci     3rd November 2022 A definitive feasibility study (DFS) for the Maniry graphite project, in Madagascar, has nearly doubled the expected capital costs for Stage 1 of the operation, compared with a 2021 scoping study. ASX-listed BlackEarth Minerals on Thursday reported a capital cost estimate of $79.2-million for... 

Australian minerals critical to net zero - King

By: Esmarie Iannucci     2nd November 2022 Australia’s critical mineral resource could be a lynchpin for global net zero ambitions. Federal Resources Minister Madeleine King said this week that in order to reach net zero emissions, the world would need to increase mining activities, not reduce it. 

Green hydrogen truck trials going well – Anglo 

By: Martin Creamer     1st November 2022 The 500 t world-first haulage truck powered by green hydrogen last week underwent fully loaded trialling that included tipping into the crusher at Anglo American Platinum's Mogalakwena platinum group metals mine in Limpopo. “The trials all went well,” Anglo American group technical director Tony... 

Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.
Photo by Creamer Media
Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.

Canada raises hurdles for foreign deals targeting critical minerals

By: Reuters     31st October 2022 Canada’s government is making it harder for foreign State-owned companies to pursue deals that target critical minerals in the resource-rich country. “Significant transactions by foreign state-owned enterprises from Canada’s critical minerals sectors will only be approved as of likely net... 

Canada raises hurdles for foreign deals targeting critical minerals
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