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300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have this year been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director... 

International Council on Mining and Metals’ Sarah Bell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South African ferrochrome furnaces need to regain competitive advantage, warns Roskill 

By: Simone Liedtke     15th June 2021 The South African ferrochrome industry has benefitted from recent events in China, which commodity research consultancy Roskill says has removed significant global capacity through the closure of small furnaces. While higher-cost furnaces in southern China have been able to fill the short-term... 

South African ferrochrome furnaces need to regain competitive advantage, warns Roskill

S&P raises Exxaro’s rating based on continuing stable performances

By: Simone Liedtke     15th June 2021 Global ratings agency S&P has raised South Africa-based coal miner Exxaro Resources’ national scale ratings to ‘zaA/zaA-1’, from ‘zaA-/zaA-2’, based on the miner continuing to deliver stable operational and financial performances. However, while the miner has maintained its earnings before... 

Reinvestment in South Africa needed to ‘plant the seeds’ for a better future, says Exxaro 

By: Simone Liedtke     15th June 2021 Reinvestment is needed to “plant the seeds” and create a better future for South Africa, says diversified miner Exxaro Resources projects and technology executive head Johan Meyer. This is especially critical considering that Covid-19 has made it more challenging to secure investments, but also... 

Reinvestment in South Africa needed to ‘plant the seeds’ for a better future, says Exxaro

Cobalt ‘bubble’ will burst, Ivanhoe exec in Congo says

By: Bloomberg     14th June 2021 The demand for cobalt is a bubble that will burst as new battery technology reduces the need for the metal, according to the head of the chamber of mines in the Democratic Republic of Congo. Congo holds more than half the world’s cobalt reserves, but the market’s negative perception of the... 

Congo picks Australia's Fortescue to develop giant hydro project

By: Reuters     15th June 2021 Democratic Republic of Congo's (DRC's) government said on Tuesday Fortescue Metals Group would develop the Grand Inga hydroelectric power project, including a 4,800-megawatt dam that has already been committed to Chinese and Spanish developers. Australia's Fortescue confirmed earlier on Tuesday... 

Congo picks Australia's Fortescue to develop giant hydro project
Andrew Forrest

Aspasa hopes to have concerns heard via online meetings with the DMRE

By: Simone Liedtke     15th June 2021 Surface mining industry association the Aggregate and Sand Producers Association of Southern Africa (Aspasa) has compiled its “big four” priorities to address problems and opportunities in the industry. The association has been mandated by its members to approach the with the Department of... 

Aspasa hopes to have concerns heard via online meetings with the DMRE
Aspasa director Nico Pienaar

NUM to march next month over rising unemployment in Mpumalanga

By: Simone Liedtke     15th June 2021 The National Union of Mineworkers (NUM) Highveld Region is preparing to march against continued retrenchments, outsourcing, use of labour brokers and the increasing unemployment rate in the Mpumalanga province. The march, to be held on July 15, will be targeted at State-owned utility Eskom, as... 

Global stock-taking report points to only modest renewables gains in total final energy consumption 

By: Terence Creamer     15th June 2021 A new international stock-take of the global transition to renewable energy highlights an “alarming gap between targets and actions” with the share of fossil fuels in energy consumption failing to decrease for the tenth consecutive year in 2020, despite a 4% Covid-linked fall in demand. Published... 

Global stock-taking report points to only modest renewables gains in total final energy consumption

Diamcor reports strong quarterly sales so far

By: Marleny Arnoldi     15th June 2021 TSX-V-listed Diamcor Mining has sold 4 468 ct so far for the quarter to end on June 30, generating revenue of $1.2-million. About 1 500 additional carats, including several rough diamonds in the +10.8 ct specials category, have been delivered as of June 15.  

Metso Outotec signs landmark contract for pelletising plant in Africa

By: Simone Liedtke     15th June 2021 Mining company Metso Outotec has signed a landmark contract for the delivery of an iron-ore beneficiation and travelling grate pelletising plant to Africa. The parties have agreed to not disclose the value of the contract. Metso Outotec has also not revealed the name of its customer or where in... 

Asanko-owner Galiano Gold CEO steps down

By: Creamer Media Reporter      15th June 2021 Toronto-listed Galiano Gold on Monday reported that Greg McCunn had stepped down as CEO and as director of the company and that he would be succeeded by COO Matt Baylak. Galiano operates and manages the Asanko Gold mine, in Ghana, which is jointly owned with Gold Fields.  

Alamos reports best-hole yet at Island Gold

By: Creamer Media Reporter      15th June 2021 Canadian miner Alamos Gold on Tuesday reported new results from surface and underground exploration drilling at the Island Gold mine, further extending high-grade mineralisation in Island East and West. At Island East, high-grade mineralisation extended 20 m from the nearest inferred resource... 

Alamos reports best-hole yet at Island Gold

Denison helps UEX buy JCU from OURD, to take 50%

By: Mariaan Webb     15th June 2021 Canadian uranium developer Denison Mines has announced that it will acquire 50% ownership of JCU (Canada) Exploration from UEX, when that company completes the acquisition of JCU from Overseas Uranium Resources Development (OURD). Denison will pay C$20.5-million in cash for the 50% of JCU, which... 

Denison helps UEX buy JCU from OURD, to take 50%

Copper’s supercharged rally creaks on signs of softer demand

By: Bloomberg     15th June 2021 Copper’s stellar rally is starting to creak as investors unwind their bullish bets and evidence of demand weakness mounts in China’s powerhouse manufacturing sector. Prices plunged as much as 4.3% in London, crashing through their 50-day moving average to trade at a seven-week low. Copper hit an... 

Copper’s supercharged rally creaks on signs of softer demand

Beowulf CEO seeks answers from Swedish govt on iron-ore mine application

By: Mariaan Webb     15th June 2021 London-listed Beowulf Mining CEO Kurt Budge has again written to the Swedish government seeking clarity on when a decision regarding its Kallak North iron-ore permit application will be forthcoming. Beowulf applied for an exploitation concession eight years ago and has since been struggling to... 

Eurasia progresses Russia PGMs and battery metals JV

By: Creamer Media Reporter      15th June 2021 London-listed Eurasia Mining is progressing plans to create a “globally significant” platinum group metals (PGMs) and battery metals company with partner Rosegeo. Eurasia announced on Tuesday that it had created the first joint venture (JV) company, Monchegorskoe, to hold the licence for the... 

VW CEO chides G7 Leaders for failing to set coal phase-out date

By: Bloomberg     15th June 2021 Volkswagen’s CEO criticized Group of Seven (G7) leaders for failing to set a firm date to phase out coal power, saying it’s senseless to let electric vehicles run on dirty energy. “That’s not enough, @G7. Disappointing outcome,” VW CEO Herbert Diess tweeted Tuesday. “We need to exit coal much... 

Abra gets a positive FID

By: Esmarie Iannucci     15th June 2021 ASX-listed Galena Mining has taken a positive investment decision on the A$170-million Abra base metals joint venture (JV), in Western Australia. The company on Tuesday told shareholders that first production from Abra is scheduled for the first quarter of 2023. 

Spearmint announces Clayton Valley lithium resource estimate

By: Creamer Media Reporter      15th June 2021 Canadian junior explorer Spearmint Resources can add its name to the list of companies with an in-ground resource estimate in Clayton Valley, Nevada, which continue to attract global attention as a sought-after lithium address in the US, hosting the only producing lithium deposit in North... 

New exploration alliance targets US copper deposits

By: Creamer Media Reporter      15th June 2021 LSE-listed Imperial X and TSX-V-listed Alianza Minerals on Tuesday announced a strategic alliance to explore for copper deposits in the US, with a focus on projects in Arizona, Colorado, New Mexico and Utah. The two companies said the intended to identify new copper exploration opportunities to... 

Medallion says former CEO has died unexpectedly

By: Creamer Media Reporter      15th June 2021 Don Lay, former CEO of rare-earths company Medallion Resources, has passed away at the weekend. The TSX-V-listed firm states that Lay’s passing was unexpected. “It is with tremendous sadness that we share the passing of our colleague and friend Don Lay. Don was the strength and drive behind... 

Oil and gas industry riding high - Appea

By: Esmarie Iannucci     15th June 2021 The Australian Petroleum Production and Exploration Association (Appea) has unveiled the oil and gas industry’s first Social License report, which has shown that support for the industry was nearly two-and-a-half times higher than opposition. Appea CEO Andrew McConville said the report... 

E79 stock skyrockets on 2.4k g/t at Happy Valley, Australia

By: Mariaan Webb     15th June 2021 The share price of Canadian minnow E79 Resources surged 240% to C$1.26 a share on Monday, as the company reported initial assay results from the first two drill holes at its Happy Valley gold prospect in Victoria, Australia. The two drill holes confirm extension of mineralised structures... 

E79 stock skyrockets on 2.4k g/t at Happy Valley, Australia
HVD003 drill core section (190.40 m) showing visible gold mineralisation and associated sulphides

NT approves Vista's plans for Mt Todd

By: Esmarie Iannucci     15th June 2021 The Northern Territory government has approved US-based Vista Gold Corp’s mining management plan (MMP) for its Mt Todd gold project, marking the final major authorization required for the development of the gold mine. Vista Gold said this week that the receipt of this approval marked the... 

NT approves Vista's plans for Mt Todd

Cobalt Blue launches A$15m capital raise

By: Esmarie Iannucci     15th June 2021 ASX-listed Cobalt Blue will raise A$15-million in a share placement to fund the continued development of its Broken Hill cobalt project, in New South Wales. The company on Tuesday reported that it would issue 50-million shares in two tranches, at a price of 30c each. The company would also issue... 

New petroleum exploration acreage released

By: Esmarie Iannucci     15th June 2021 The federal government has released 80 000 km2 of new acreage in Commonwealth waters under its 2021 Offshore Petroleum Exploration Acreage Release. Minister for Resources, Water and Northern Australia Keith Pitt said the release comprises 21 areas across the Bonaparte, Browse, Carnarvon, Otway,... 

Regis reports new resource estimates

By: Esmarie Iannucci     15th June 2021 Gold miner Regis Resource’s mineral resource estimate has now been estimated at 10.4-million, with the company reporting an ore reserve of 4.8-million, following the acquisition of a 30% interest in the Tropicana gold mine. Regis earlier this month settled the A$903-million purchase of fellow... 

Argonaut raises cash

By: Esmarie Iannucci     15th June 2021 Junior Argonaut Resources has completed a A$5.2-million private placement to professional and sophisticated investors to fund drilling work in Zambia. The company on Tuesday announced that it placed 693.3-million shares, at a price of 0.75c a share under its existing placement capacity. 

New Century hedges its bets

By: Esmarie Iannucci     15th June 2021 Base metals miner New Century Resources has executed a zinc hedging transaction with Macquarie Bank, representing some 25% of the annual production from its Century zinc mine, in Queensland. The company has hedged 90 000 t of payble zinc over a three year period, in equal monthly proportions,... 

Aus firms up zero-carbon partnership with Japan

By: Esmarie Iannucci     15th June 2021 Australia and Japan have jointly committed to support initiatives to help drive a transition to net zero emissions, Australian Energy and Emissions Reduction Minister Angus Taylor announced this week. “Japan and Australia consider a technology-led response is critical to reducing greenhouse gas... 

Members of Vale Sudbury nickel miners' union reject new offer

By: Reuters     14th June 2021 Members of a union representing striking workers from Vale's Sudbury, Canada, nickel mine have rejected the Brazilian company's latest offer, urging it to commit to "good-faith" talks to settle the strike. USW Local 6500 members voted by an 87% majority to reject Vale's second offer in two... 

Members of Vale Sudbury nickel miners' union reject new offer

Centerra CEO weighs ‘divorce’ with Kyrgyzstan on seized mine

By: Bloomberg     14th June 2021 Centerra Gold could part ways with Kyrgyzstan’s government over its seized flagship mine in the Central Asian nation, but the company’s top executive would like to discuss it first. Relations between Centerra and the Kyrgyz Republic have soured so much since the government took control of Kumtor... 

Centerra CEO weighs ‘divorce’ with Kyrgyzstan on seized mine
The Kumtor gold mine in Kyrgyzstan

Yamana aims for 200 000 oz/y at Wasamac, construction decision expected soon

By: Mariaan Webb     14th June 2021 Canadian bullion miner Yamana Gold would soon make a formal construction decision for the Wasamac project, the TSX-listed company said on Monday, while also announcing the acquisition of gold properties adjoining the project. Yamana, which acquired the Wasamac property, in Quebec, from Monarch... 

Yamana aims for 200 000 oz/y at Wasamac, construction decision expected soon

DMRE to investigate purported diamond discovery in KwaZulu-Natal

By: Tasneem Bulbulia     14th June 2021 The Department of Mineral Resources and Energy (DMRE) says it is aware of stories in the media, including images and videos that are circulating on social media, about the purported discovery of diamonds in KwaHlathi outside Ladysmith, KwaZulu-Natal. The DMRE is dispatching a task team comprising... 

Pensana welcomes Roskill’s acknowledgment

By: Donna Slater     14th June 2021 Magnet metal and rare earths miner Pensana says it is pleased with critical materials supply chain intelligence company Roskill continually keeping track of the progress at Pensana’s UK-based Saltend rare earths processing facility and the Longonjo rare earths mine, in Angola. Earlier this... 

South African coal supply to fall off coal cliff from 2025 onwards – Jones 

By: Martin Creamer     14th June 2021 South African coal supply is set to fall off a coal-cliff from 2025 onwards, African Source Markets CEO Bevan Jones said on Monday. In response to Mining Weekly, Jones cited the three main factors that would cause South African coal supply to plummet as: 

South African coal supply to fall off coal cliff from 2025 onwards – Jones
Coal stockpiling at Mpumalanga coal mine.

China's Ganfeng to pay $130m for stake in Mali lithium mine

By: Reuters     14th June 2021 Ganfeng Lithium, one of the world's biggest lithium producers, said on Monday it would pay $130-million for a stake in the Goulamina hard-rock mine in Mali and take at least half of its first-phase output. The purchase marks the Chinese firm's first investment in lithium mining in Africa as it... 

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