https://www.miningweekly.com
R/€ = 19.48 Change: -0.08
R/$ = 17.55 Change: -0.04
Au 1720.97 $/oz Change: 2.24
Pt 834.78 $/oz Change: -3.97
 
Close

Email me free daily news

Email address

Conversation on getting economy back on track post-Covid has begun   

By: Martin Creamer     28th May 2020 The conversation has begun on getting the South African economy back on track with the necessary structural reforms post-Covid, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking at question time during a virtual media conference following the council’s annual general... 

Minerals Council’s virtual media conference covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Engineering News & Mining Weekly e-magazine now available

28th May 2020 For the duration of South Africa’s Covid-19 lockdown period, Creamer Media is providing free digital access to our flagship Engineering News & Mining Weekly news magazine. Click now to read our latest edition. 

Engineering News & Mining Weekly e-magazine now available

51 Sibanye employees test positive for Covid-19 

By: Simone Liedtke     28th May 2020 JSE- and NYSE-listed gold and platinum-group metals (PGMs) miner Sibanye-Stillwater has confirmed that 51 employees from the Thembelani shaft, at its Rustenburg PGM operations, have tested positive for Covid-19. This follows as two employees from the shaft tested positive for the virus last week,... 

Health and safety burden shifts onto firms as Level 3 opens way for big resumption of economic activity 

By: Terence Creamer     28th May 2020 The nationwide transition from lockdown Level 4 to Level 3 on June 1 would facilitate the return-to-work of almost eight-million more South Africans than had hitherto been allowed to do so, Trade, Industry and Competition Minister Ebrahim Patel said on Thursday. He cautioned, however, that the... 

Health and safety burden shifts onto firms as Level 3 opens way for big resumption of economic activity
Trade, Industry and Competition Minister Ebrahim Patel

Manganese mine in strong position to weather uncertainties – Jupiter

By: Martin Creamer     28th May 2020 The Tshipi Borwa manganese mine is in a strong position to weather the uncertainties ahead, as the world struggles, probably for years to come, to recover from the devastating economic consequences of the global lockdown, Jupiter Mines nonexecutive chairperson independent Brian Gilbertson said on... 

Manganese mine in strong position to weather uncertainties – Jupiter
Photo by Creamer Media
Jupiter nonexecutive chairperson Brian Gilbertson

Nondigital mines losing out on R213bn in value 

By: Donna Slater     28th May 2020 An updated version of a 2017 study conducted by professional services firm Accenture in collaboration with the World Economic Forum – the 'Extracting Value and Building Resilience with Data-led Mining in South Africa' report – highlights that, with a combination of seven digital initiatives,... 

Accenture Africa Industry X.0 MD Eric Croeser talks to Mining Weekly about how mines can enhance their digital technologies to unlock further efficiencies, improve safety and cut costs

Friedland-backed Sama reports PEA for Côte d’Ivoire project

By: Marleny Arnoldi     28th May 2020 TSX-V-listed Sama Resources, backed by mining billionaire Robert Friedland's HPX, has confirmed the value for the development of its Samapleu nickel/copper project, in Côte d'Ivoire. The company released a preliminary economic assessment (PEA) for the project that envisions production of 3 900... 

Big shareholder thumbs up for Endeavour’s Semafo buy

By: Mariaan Webb     28th May 2020 The C$1-billion deal to create West Africa’s largest gold miner received a near 100% vote of support from shareholders in Endeavour Mining. The TSX-listed company on Thursday held a live audio webcast to allow shareholders to vote on the acquisition of fellow-listed Semafo Gold on the basis of... 

Big shareholder thumbs up for Endeavour’s Semafo buy

Covid-19 did not leave gold ‘unscathed’, says World Gold Council

By: Simone Liedtke     28th May 2020 The Covid-19 pandemic has disrupted the gold supply chain unlike any other event in modern history, the World Gold Council (WGC) said in a market update on May 28. With all elements of the chain affected, from mining operations to consumption, this has resulted in some distortions within parts of... 

Covid-19 did not leave gold ‘unscathed’, says World Gold Council

Africa's debt burden to rise from Covid-19 capital disinvestments

By: Donna Slater     28th May 2020 As a result of the economic impact of Covid-19, there have been significant outflows of capital from emerging markets, many in Africa, thus far this year, as risk appetite weakens significantly and capital is redirected into safe haven assets, like gold, reports insurance company Alexander Forbes... 

Deferred expansion plans fuel prospect of lithium price spike after 2022

By: Reuters     28th May 2020 Shelved expansion plans for lithium projects due to collapsing demand for the material used to make electric vehicle batteries leaves the market facing a price spike after a couple of years when shortages start to emerge. Auto sales including electric vehicles have slumped this year due to... 

Mkango Resources to recycle rare earths from scrap equipment

By: Marleny Arnoldi     28th May 2020 Aim-listed Mkango Resources, together with its 25%-owned subsidiary HyProMag, has launched a project called Rare-Earth Recycling for E-Machines. The project features a strong set of partners including Advanced Electric Machines Research, Bentley Motors, Intelligent Lifecycle Solutions and Unipart... 

Glencore chairman Hayward defends climate policy

By: Reuters     28th May 2020 Glencore on Thursday defended its climate policy from activists who want targets set for the use of its products, with chairman Tony Hayward saying the miner's current plan will cut greenhouse gas emissions. Pressure on miners has mounted after Norway's $1 trillion wealth fund this month said it... 

Glencore chairman Hayward defends climate policy
Tony Hayward

Glencore helps communities through Covid-19

By: Marleny Arnoldi     28th May 2020 Global diversified miner Glencore has responded to the societal needs that have arisen during the lockdown period in South Africa and has played an active role in assisting distressed communities affected by the Covid-19 pandemic. Glencore South Africa’s two major businesses, Coal South Africa... 

Glencore helps communities through Covid-19
Some food parcels that Glencore supplied to its host communities

Richards Bay Minerals continues to assist communities

By: Simone Liedtke     28th May 2020 In keeping with its commitment of spending R1.5-million to meet critical food supply in the King Cetswayo district, Richards Bay Minerals (RBM) is delivering food parcels totaling R900 000 to the uMfolozi and uMhlathuze municipalities for distribution among communities. On May 28, food parcels... 

Richards Bay Minerals continues to assist communities

Lithium producers must wait as pandemic slows electric vehicle revolution

By: Reuters     26th May 2020 The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets. Lithium industry shares have dropped sharply since January as the economic downturn from the pandemic... 

Katoro, POW consider Haneti shareholding options

By: Simone Liedtke     28th May 2020 Aim-listed Katoro Gold and Power Metal Resources (POW) will continue to monitor the development of any potential commercial transactions, before any final agreement is agreed upon in terms of commercial discussions relating to the Haneti polymetallic project, in Tanzania. In lieu of this, POW has... 

Concept study shows potential to lower capital cost at Zanaga project

By: Tasneem Bulbulia     28th May 2020 A concept study on the viability of a floating dewatering, storage and offloading port facility (FDSO) at Aim-listed Zanaga Iron Ore Company's (ZIOC's) Zanaga project, in Congo-Brazzaville, has demonstrated the potential for a $184-million reduction in capital costs. There is no change expected... 

Organisations say Covid-19 should not further delay universal access to energy

By: Marleny Arnoldi     28th May 2020 In a report, 'Tracking Sustainable Development Goal 7 (SDG 7): Energy Progress', international organisations have warned that universal access to energy by 2030 will fall short unless efforts are scaled up significantly. According to the authors − the International Energy Agency (IEA), the... 

Organisations say Covid-19 should not further delay universal access to energy

Lepidico's Namibian project proves positive

By: Esmarie Iannucci     28th May 2020 A definitive feasibility study (DFS) by ASX-listed Lepidico into an integrated mine, concentrator and chemicals plant has proven the economics of the Phase 1 development of its Karibib lithium asset, in Namibia. The Phase 1 study is based on a modest-scale commercial plant processing a lithium... 

Kodal marks progress on projects

By: Tasneem Bulbulia     28th May 2020 Mineral exploration and development company Kodal Minerals says the Malian Ministry of Mines and Petroleum has accepted a feasibility study over the Bougouni lithium project, for which a mining licence application has been submitted. The Ministry confirmed that no further technical and financial... 

Fortescue facing compensation claims after High Court ruling

By: Esmarie Iannucci     Updated 24 minutes ago Iron-ore major Fortescue Metals on Friday moved to assure shareholders that a decision by the High Court of Australia to deny the company leave to appeal an earlier ruling on a native title determination would not affect the current or future mining operations at the Solomon Hub, in the Pilbara.... 

Fortescue facing compensation claims after High Court ruling

Albemarle seeks full control of Australia's Greenbushes lithium mine

By: Esmarie Iannucci     Updated 1 hour 59 minutes ago Albemarle Corp said on Thursday it wants to take control of Australia's Greenbushes, the world's largest lithium mine, signaling it intends to block any rival from buying Tianqi Lithium Corp's controlling stake. Tianqi, which owns 51% of Greenbushes to Albemarle's 49%, is selling some of its... 

Mabilo granted permit in the Philippines

By: Esmarie Iannucci     Updated 2 hours 7 minutes ago The Mabilo copper/gold project, in the Philippines, has been granted a mining license, ASX and TSX-listed RTG Mining reported on Friday. The company told shareholders that it had received written confirmation that the Mines and Geosciences Bureau had approved the expansion of the current Mineral... 

Pure Alumina raises funds for gold exploration

By: Esmarie Iannucci     Updated 2 hours 9 minutes ago ASX-listed Pure Alumina has announced its intentions to raise A$2-million through a share placement and entitlement issue to fund exploration work at its gold tenements. A two tranche share placement of more than 73.2-million shares at a price of 0.9c each, will raise an initial A$659 377, with... 

Australian emissions falling - report

By: Esmarie Iannucci     Updated 2 hours 13 minutes ago Greenhouse gas emissions in Australia fell by 0.9% in 2019, or 50-million tonnes of carbon dioxide equivalent (Co2-e) to 532.5-million tonnes CO2-e, the federal government’s latest National Greenhouse Gas Inventory has found. Emissions are now 13.7% below 2005 levels, which is the baseline year... 

Australian emissions falling - report

Alcoa considering more than 500 layoffs at Spanish plant

By: Reuters     28th May 2020 Alcoa said on Thursday it is considering laying off up to 534 workers from its San Ciprian aluminum plant in the Spanish region of Galicia, though a final decision has not yet been made. High energy costs and low aluminum prices led to persistent losses and left the plant unable to compete... 

Juwi starts work on fourth hybrid renewable energy project in Australia

By: Marleny Arnoldi     28th May 2020 Juwi Renewable Energy has signed an agreement with Perth-based Contract Power to build the solar and wind power components of a new hybrid generation solution for the town of Esperance in, Western Australia. The hybrid project comprises a renewable energy hub, including a 4 MW solar farm and... 

Juwi starts work on fourth hybrid renewable energy project in Australia
Juwi Renewable Energy's hybrid project at Degrussa mine

Peru mining production to drop by 15% this year due to pandemic- Buenaventura executive

By: Reuters     28th May 2020 Production in Peru's mining sector will fall by at least 15% this year, representing a loss in revenues of up to $5-billion, due to disruptions caused by the coronavirus pandemic, a top mining executive said on Wednesday. Large-scale mining, which makes up 80% of Peru's copper production, would... 

Rio Tinto says it can extract strategic mineral from metal plant processing waste

By: Reuters     28th May 2020 Rio Tinto said on Wednesday it has developed a process to extract the rare earth scandium from its titanium dioxide production process and is studying ways to commercially produce the mineral. The move is the latest example of Rio taking a second look at the waste from its core mining business... 

Rio Tinto says it can extract strategic mineral from metal plant processing waste

Mako raises funding

By: Esmarie Iannucci     28th May 2020 ASX-listed Mako Gold will raise $3.25-million through the placement of 65-million new shares over two tranches. The first tranche of the placement will consist of 11.3-million shares, priced at 5c each, and will be conducted under the existing placement capacity to raise an initial A$600 000. 

Santos and ConocoPhillips adjust deal

By: Esmarie Iannucci     28th May 2020 Oil and gas major Santos has reworked its agreement with New York listed ConocoPhillips over that company’s northern Australian business, which includes its share in the Darwin liquefied natural gas (LGN) project, and the Bayu-Undan, Barossa and Poseidon assets. The total consideration for the... 

Galantas restarts Omagh processing, to publish results later

By: Marleny Arnoldi     28th May 2020 TSX-V- and Aim-listed Galantas Gold has advised that it will only publish its full year and interim results later this year. This follows after the Canadian Securities Administrators published blanket relief for market participants regarding the filing of certain continuous disclosure documents... 

Galantas restarts Omagh processing, to publish results later

Mining investment, the economy, Covid-19 opportunities make headlines 

28th May 2020 Mining Weekly editor Martin Creamer unpacks the mining industry's hopes to attract investment, the call for the urgent restoring of the country’s economy and Covid-19's in-country, self-sufficiency opportunities for South Africa. 

Mining investment, the economy, Covid-19 opportunities make headlines

PEA illustrates viability of Kiena restart in Val d’Or

By: Creamer Media Reporter      28th May 2020 The preliminary economic assessment (PEA) for the Kiena project shows that a restart of the mining complex in Val d’Or, Quebec, is viable in a “very short-term horizon”. The study, released by TSX-listed Wesdome Gold on Wednesday, pointed to an aftertax internal rate of return of 102% and an... 

PEA illustrates viability of Kiena restart in Val d’Or
The Kiena complex, in Quebec.

Yamana completes royalty sale to newly listed Nomad for 13% ownership

By: Marleny Arnoldi     28th May 2020 TSX- and NYSE-listed Yamana Gold has completed the sale of a portfolio of royalty interests and a contingent payment agreement to Nomad Royalty Company for $65-million. Nomad, formerly Guerrero Ventures, will start trading on the TSX on May 29.  

Reopening economy is critical, but must be done safely – O’Regan

By: Mariaan Webb     28th May 2020 Canadian Natural Resources Minister Seamus O’Regan has stressed the importance of reopening the economy, but says it has to be done safely with consideration for all Canadians, including those in Indigenous and northern communities. “We must work with Indigenous partners to ensure their concerns... 

Reopening economy is critical, but must be done safely – O’Regan
Natural Resources Minister Seamus O'Regan (right) pictured with Prime Minister Justin Trudeau.

BHP/Glencore/Teck venture resumes operations after Covid-19 suspension

By: Creamer Media Reporter      28th May 2020 The Antamina copper/zinc mine, in Peru, will resume operations at 80% capacity, 22.5%-owner Teck Resources reported on Wednesday. The mine will gradually ramp up to full production capacity in the third quarter, while adhering to comprehensive Covid-19 protocols. Antamina operated under an... 

Latest News  by  

more

Company Post

more

Latest Videos and Audio

Conversation on getting economy back on track post-Covid has begun

Nondigital mines losing out on R213bn in value

Mining investment, the economy, Covid-19 opportunities make headlines

Leon lists measures to attract mining investment in these challenging times

On-The-Air (22/05/2020)

Platinum coins, COP and the Marula mine make headlines

Eskom committed to ‘aggressive’ end-2021 unbundling timeline

As Eskom rolls out boiler fixes to more Medupi units, it confirms FGD talks with World Bank

more

Services News

Consulting Engineers

Contract mining

Crushing and Screening

Drilling and Tunnelling

Earthmoving

Energy Services

Explosives

Furnaces and Kilns

Material Handling

Opencast/Quarries

Pumps

Valves

Company Announcements

more

 

Projects

Press Office

more

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
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close