R/€ = 18.28 Change: 0.03
R/$ = 15.09 Change: 0.07
Au 1843.34 $/oz Change: 9.48
Pt 1100.86 $/oz Change: 22.25

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Want a fuel cell, you need platinum – analysts 

By: Martin Creamer     18th January 2021 If you want a fuel cell, you need platinum, is one of the multiplicity of points Bernstein investment company makes in a major work just released, which shows growing and ongoing demand for platinum group metals (PGMs) and provides ample reason why metals and mining matter more than ever. In the... 

Want a fuel cell, you need platinum – analysts
Photo by Bernstein
Predicted future PGM tons heading high.

South African mining dealmaker plots M&A push before retirement

By: Bloomberg     19th January 2021 South African mining dealmaker Neal Froneman is considering retiring in two to three years time, but would first like to double the size of Sibanye-Stillwater. Froneman built Johannesburg-based Sibanye into a company with a market value of more than R182-billion ($11.9-billion) by buying gold,... 

South African mining dealmaker plots M&A push before retirement
Photo by Donna Slater
Neal Froneman

De Beers raises diamond prices most in years

By: Bloomberg     19th January 2021 De Beers implemented its biggest price increase for diamonds in years as the industry starts bouncing back from the pandemic-induced shutdown. The world’s biggest diamond producer raised prices by about 5% at its first sale of the year, according to people familiar with the situation who asked... 

Rio reports a solid year

By: Esmarie Iannucci     Updated 4 hours ago Diversified major Rio Tinto has reported a strong operational performance during the 2020 financial year, despite impacts from the Covid-19 pandemic. “We have delivered a strong safety and operational performance in the face of the significant global challenges of Covid-19. Our 2020 performance... 

Rio reports a solid year

Mark Bristow-led company to buy out embattled Rockwell Diamonds  

By: Marleny Arnoldi     18th January 2021 In line with executing its winding down strategy, JSE-listed Rockwell Diamonds has entered into an acquisition and amalgamation agreement with a British Columbia-incorporated company wholly-owned by Mark Bristow, called Bristco. It is intended that the transaction will be effected by way of an... 

Mark Bristow-led company to buy out embattled Rockwell Diamonds
Photo by Creamer Media
Barrick Gold Corporation CEO Mark Bristow

Caledonia lifts 2021 gold production guidance after record 2020 output 

By: Marleny Arnoldi     18th January 2021 Aim- and NYSE-listed Caledonia Mining Corporation produced a record 57 899 oz of gold in 2020, meeting the top end of its revised increased guidance for the year. The company had its guidance set at between 55 000 oz and 58 000 oz last year.  

Caledonia lifts 2021 gold production guidance after record 2020 output
Caledonia's Blanket gold mine, in Zimbabwe

Siyanda Bagatla Platinum Mine reports solid output expectation for 2021 financial year

By: Marleny Arnoldi     18th January 2021 Siyanda Bakgatla Platinum Mine (SBPM) CFO Imraan Osman says the Siyanda Bakgatla mine it acquired from Anglo American Platinum in 2018 has continued to exceed expectations. SBPM expects to produce 270 325 oz of platinum, palladium, rhodium and gold (4E) for the financial year ending February 28... 

Weekly Coal Index Report

18th January 2021 Australian coal exporters have pivoted to target India, exporting almost 7 Mt to the country for 2020. With FOB Newcastle trading around $6/mt lower than RB1, this represents a clear threat to SA exporters. The other threat is of course Coal India’s ever-present plans to increase its own domestic... 

Weekly Coal Index Report

Vedanta reopens Gamsberg zinc mine in South Africa

By: Reuters     18th January 2021 Vedanta Zinc International said on Saturday that mining has started again at its Gamsberg mine in South Africa following a closure in November when the pit wall collapsed, trapping miners underground. The company did not specify what capacity it is operating at. 

Lulo delivers another large diamond

By: Esmarie Iannucci     18th January 2021 Diamond miner Lucapa has recovered its 18th diamond of more than 100 ct at its Lulo alluvial mine, in Angola. The miner on Monday reported that a 104 ct D-colour white stone had been recovered at Mining Block 46, the second stone of more than 100 ct to be recovered at this site since the start... 

Pensana to delist from the ASX

By: Donna Slater     18th January 2021 LSE-listed rare earth and magnet metals developer Pensana Rare Earths plans to delist from the ASX. It has requested a trading halt while it makes an application to the ASX about the proposed delisting.  

POSCO moving ahead with Mahenge investment

By: Esmarie Iannucci     18th January 2021 Korean major POSCO has completed its final internal approval process for a $7.5-million investment in ASX-listed graphite developer Black Rock Mining. The two companies in December last year struck an agreement under which POSCO would acquire a 15% interest in the Tanzania-focused Black Rock... 

Keras raises £1m

By: Donna Slater     18th January 2021 Aim-listed phosphate and manganese miner Keras Resources has conditionally raised £1-million through the placing of 869.57-million shares. The funds will be used to explore opportunities to grow the company's portfolio through organic growth and the potential introduction of new projects.  

GoldStone finalises settlement with former director

By: Marleny Arnoldi     18th January 2021 Aim-listed GoldStone Resources has been indemnified against any future claims by a former director of the company, after reaching a settlement agreement, which was awarded by the South African Labour Court in December 2018. The company has agreed to issue 1.8-million new ordinary shares to the... 

IronRidge hits promising gold intercepts at Zaranou project

By: Marleny Arnoldi     18th January 2021 Aim-listed IronRidge Resources has hit multiple high-grade intersections from drilling at the Zaranou project, in Côte d’Ivoire, confirming new gold targets. The licence area is along strike from significant operating gold mines Chirano, Bibiani and Ahafo in Ghana.  

Oriole advances Senegal, Cameroon testwork programmes

By: Marleny Arnoldi     18th January 2021 Aim-listed Oriole Resources says its joint venture partner Iamgold has completed a 10 000 m aircore (AC) drilling programme at the Senala gold project, in Senegal, with the results due before the end of the quarter. The drilling is intended to better define the geochemical footprint of the gold... 

After baptism of fire, empowered valves manufacturer on road to recovery

By: Terence Creamer     Updated 5 minutes ago After fulfilling, in November 2019, all the conditions precedent to finally consummate the R165-million acquisition of valve manufacturer Dynamic Fluid Control (DFC) from Aveng the new black owners faced a true baptism of fire. CEO and co-shareholder Tumi Tsehlo, who previously headed the South... 

After baptism of fire, empowered valves manufacturer on road to recovery
Tumi Tsehlo

Castillo ponders Broken Hill spin-out

By: Esmarie Iannucci     Updated 12 minutes ago ASX-listed Castillo Copper is considering divestment strategies for its Broken Hill asset, including a possible spin-off and potential London or Australian listing. “The resurgence of interest in the Broken Hill region is timely, as it provides an excellent opportunity for Castillo Copper to... 

Consolidated Zinc adjusts Plomosas offtake

By: Esmarie Iannucci     Updated 30 minutes ago Base metals miner Consolidated has updated its offtake agreement with Industrias Penoles SA de CV that would reduce transport costs for the Plomosas concentrate that is delivered and sold to Penoles. As part of the agreement, Consolidated Zinc has also granted Penoles an additional one-year... 

MRC adds to Norweigan footprint

By: Esmarie Iannucci     Updated 31 minutes ago ASX-listed Mineral Commodities has secured two additional graphite prospects near its existing Skaland graphite mining operations, in Norway. The company on Tuesday reported that it had entered into a landowner agreement to explore the Hesten and Vardfjellet graphite prospects, which are some... 

Alkane increases 2021 target

By: Esmarie Iannucci     Updated 32 minutes ago Gold miner Alkane Resources has beaten its production expectations in the three months to December, with the miner increasing outs full year output target for the full 2021. The miner on Tuesday reported that its Tomingley operation, in New South Wales produced 15 919 oz of gold during the... 

Jervois makes plans at Brazilian refinery

By: Esmarie Iannucci     Updated 33 minutes ago Triple listed Jervois Mining has revealed plans to integrate a pressure oxidation leach circuit (POX) at its São Miguel Paulista nickel/cobalt refinery, in Brazil. The company in October last year announced plans to acquire the refinery from Companhia Brasileira de Aluminio (CBA) – a subsidiary... 

LNG exports reach record highs for Aus

By: Esmarie Iannucci     Updated 34 minutes ago Australia exported a record 78-million tonnes of liquefied natural gas (LNG) during 2020, new data from EnergyQuest has revealed. The exported tonnage for 2020 was up from the 77.5-million tonnes exported in 2019, and was a strong result given disruptions at the Gorgon LNG project, and the... 

Nevada's Cove project has 102 000 oz/y potential, says Premier

By: Mariaan Webb     Updated 37 minutes ago The Cove project, at the McCoy-Cove property in Nevada, US, will produce an average of 102 000 oz/y over its eight-year mine life, Ontario-based Premier Gold Mines said on Monday. The project will be one of the cornerstone assets of the soon-to-be-spun-out i-80 Gold, which will focus on gold... 

Nevada's Cove project has 102 000 oz/y potential, says Premier

Pretivm meets its guidance for the first time

By: Mariaan Webb     Updated 1 hour 55 minutes ago Canadian miner Pretium Resources (Pretivm) has reported gold production of 347 743 oz, which is slightly above the midpoint of its target range, and in line with what the company expects to produce this year. Meeting its production target was a company first, with CEO Jacques Perron noting that... 

Pretivm meets its guidance for the first time
Pretium Resources' sole operating mine, Brucejack in British Columbia.

Ivanhoe Mines' Friedland taking 'hard look' at US projects

By: Reuters     Updated 4 hours ago Ivanhoe Mines founder Robert Friedland said on Monday he is taking a "hard look" at projects in the United States amid a global rush for green metals. US President-elect Joe Biden has indicated support boosting domestic production of metals used to make electric vehicles, solar panels and other... 

Ivanhoe Mines' Friedland taking 'hard look' at US projects
Ivanhoe Mines finder Robert Friedland

Keystone XL may be sold for scrap if Biden moves to kill project

By: Bloomberg     19th January 2021 The Canadian province that invested $1.1-billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds. “If the project ends, there would be assets that could be sold, such as enormous quantities of pipe,”... 

Keystone XL may be sold for scrap if Biden moves to kill project
US president-elect Joe Biden's campaign promise to cancel the crude pipeline’s licence is haunting the Canadian oil sands industry.

Xtract progresses with Phase 1 drilling at Bushranger project

By: Marleny Arnoldi     18th January 2021 London-listed Xtract Resources has progressed well with the first of three holes in a Phase 1 drilling programme at the Racecourse deposit on the Bushranger copper/gold exploration project, in the Lachlan Fold Belt of Australia. The company says drilling has progressed to a depth of 975 m in... 

Nornickel fund launches first Blockchain-tracked precious metal ETCs

By: Reuters     18th January 2021 A fund of Russia's Norilsk Nickel has launched Blockchain-tracked securities known as Exchange Traded Commodities (ETCs) which offer investors exposure to the spot prices of palladium, platinum, gold and silver without owning them. Nornickel, the world's largest producer of palladium, hopes to... 

Eramet’s Norwegian plant sale to Tronox falls through

By: Mariaan Webb     18th January 2021 French miner Eramet announced on Monday that Toronox Holdings had terminated an agreement to acquire TiZir Titanium and Iron (TTI), following a challenge of the UK Competition and Markets Authority (CMA). CMA referred the proposed $300-million acquisition of the Norwegian ilmenite transformation... 

China 2020 aluminium output climbs to record high

By: Reuters     18th January 2021 China's aluminium production in 2020 rose 4.9% from the prior year to a record 37.08-million tonnes as smelters cashed in on soaring prices, with December output hitting a monthly all-time high even as the rally cooled. Primary aluminium production in December was 3.27-million tonnes, the... 

Covid bites into OceanaGold production

By: Esmarie Iannucci     18th January 2021 Dual listed gold miner OceanaGold Corporation has seen gold production for the full year ended December declined from the 470 600 oz produced in 2019 to 301 700 oz, with the company expecting production to increase in 2021. Gold production in the quarter ended December reached 99 200 oz, which... 

Midas Gold to start Stibnite cleanup, plans Nasdaq listing

By: Donna Slater     18th January 2021 TSX-listed Midas Gold reports that, after three years of extensive discussions, federal agencies have authorised and directed it to perform immediate clean up actions in the Stibnite mining district, addressing legacy contamination issues that are impacting on water quality. The administrative... 

Trevali to restart New Brunswick zinc mine

By: Donna Slater     18th January 2021 Having been on care and maintenance since March 2020, TSX-listed base metals miner Trevali Mining has announced the planned restart of operations at its Caribou mine near Bathurst, New Brunswick. The investment to restart the operation for the period January to February is estimated to be about... 

Trevali to restart New Brunswick zinc mine

Aldoro reviews gold portfolio

By: Esmarie Iannucci     18th January 2021 Junior explorer Aldoro Resources will undertake a strategic review of its Western Australian gold assets, after fielding approaches from interested parties. The ASX-listed company said on Monday said that the review would include different commercial options for the Western Australian gold... 

Processing starts and mining stops at Agate Creek

By: Esmarie Iannucci     18th January 2021 ASX-listed Laneway Resources has started processing the first ore from the current mining campaign at its Agate Creek gold mine, in Queensland, at the Lorena gold mine carbon-in-leach plant. First blast took place in October last year, and there was currently some 4 400 t of ore, grading 6 g/t... 

New Century hits milestone

By: Esmarie Iannucci     18th January 2021 Base metals miner New Century Resources has reached a production milestone at its namesake project in Queensland, delivering its 500 000th tonne of zinc concentrate since production restarted in late 2018. “The milestone of producing 500 000 t of zinc concentrate is a significant achievement for... 

Offtake secured for Woodside's Scarborough

By: Esmarie Iannucci     18th January 2021 Oil and gas major Woodside has agreed to double its supply of liquefied natural gas (LNG) to Uniper Global Commodities under amendments to a binding long-term sales and purchase agreement inked at the end of 2019. Initial supply will start in 2021, with Woodside to supply up to one-million tonnes... 

Offtake secured for Woodside's Scarborough

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