R/€ = 17.06 Change: -0.10
R/$ = 16.78 Change: -0.25
Au 1761.76 $/oz Change: -43.45
Pt 868.00 $/oz Change: -8.90

Latest News

Platinum demand to benefit from green hydrogen uptake in aviation

By: Marleny Arnoldi     Updated 41 minutes ago Sustainable aviation fuels (SAFs) based on renewable energies and green hydrogen are the way of the future for sustainable flying, says Siemens Energy, which has partnered with energy supplier Uniper, petrochemicals company Sasol and aircraft manufacturer Airbus to launch the Green Fuels Hamburg... 

Cora completes, submits ESIA for Mali project

By: Tasneem Bulbulia     Updated 2 hours 25 minutes ago Aim-listed Cora Gold has completed and formally submitted its environmental- and social-impact assessment (ESIA) for its flagship Sanankoro gold project, in Mali, to the authorities for approval. The ESIA was completed by environmental consultants Digby Wells Environmental in alignment with the... 

Bridgestone Southern Africa appoints Carl Martins as mining services executive manager

By: Schalk Burger     Updated 2 hours 39 minutes ago Tyre and mobility multinational Bridgestone Southern Africa has appointed Carl Martins as Mining Services executive manager with effect from July 1. His priority will be to ensure Bridgestone delivers value to its customers in the mining sector, as well as the surrounding communities. 

Bridgestone Southern Africa mining services executive manager Carl Martins
Bridgestone Southern Africa mining services executive manager Carl Martins

Automakers ramping up investments into upstream nickel, cobalt

By: Darren Parker     Updated 2 hours 56 minutes ago Market research firm Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says automakers are increasing their upstream investments and supply contracts to secure enough battery metals, such as lithium, cobalt and battery-grade nickel, to drive forward their respective electric... 

Lithium ion batteries

Resources Watch 

Updated 3 hours ago This week: Mine haulage transition to electric offered without disruption; and, Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90% 

Resources Watch
Resources Watch

Akobo Minerals secures first phase of Segele project financing

By: Tasneem Bulbulia     Updated 3 hours ago Scandinavian gold exploration and boutique mining company Akobo Minerals has secured a convertible loan of NKr49.18-million, or about $5-million, to fund the first phase of the Segele mining operation in Ethiopia. The remaining $7-million for the final phase of the project is contemplated to be... 

Barrick highlights sustainable value creation at Kibali in the DRC

By: Tasneem Bulbulia     Updated 3 hours ago NYSE- and TSX-listed Barrick Gold says the Kibali gold mine’s investment in the Democratic Republic of Congo now exceeds $4-billion and has created a “thriving regional economy in a remote part of the country through partnering with and mentoring local entrepreneurs, uplifting host communities... 

BlueRock signs loans note subscription agreement for £1.6m

By: Tasneem Bulbulia     Updated 4 hours ago Aim-listed BlueRock Diamonds has signed a loan note subscription agreement with Teichmann Company, T-Three-Drilling and three Teichmann employees, for an aggregate £1.6-million. Under the subscription agreement, BlueRock will initially issue a £1-million simple loan note (SLN) to Teichmann... 

Iron-ore hits 2022 low

By: Reuters     Updated 4 hours ago Iron-ore slumped on Wednesday to its lowest level this year in Singapore as China faces fresh Covid-19 flare-ups in several areas including Shanghai, stoking concerns over further lockdowns in the world's biggest steel producer. Growing prospects of a global recession also weighed on most... 

Iron-ore hits 2022 low

Deep-South says final hearing over Haib copper licence to be held early in Oct

By: Marleny Arnoldi     Updated 4 hours ago Dates for the final hearing between TSX-V-listed Deep-South Resources and the Namibian Ministry of Mines and Energy has been set for October 3 and 4. During a case management meeting on June 30, which served to prepare for the final hearing, the High Court of Namibia ordered Deep-South’s... 

NPC calls for declaration of ‘energy emergency’ to facilitate rapid building of generation and storage over 24 months 

By: Terence Creamer     Updated 4 hours ago The National Planning Commission (NPC) has called for the declaration of an ‘energy emergency’ to override any red tape currently preventing the construction of new electricity capacity, as well as to make it possible to build 10 000 MW of new generation and 5 000 MW of new storage capacity over... 

Wind and solar installations

TFR offers deed of amendment to lift force majeure on coal exporters

By: Schalk Burger     Updated 5 hours ago State-owned Transnet Freight Rail (TFR) is encouraging coal export parties to sign a deed of amendment for the remaining term of a long-term agreement, which expires in March 2024, to lift its force majeure on them, which was declared owing to a severe shortage of operational locomotives.... 

Coal being transported to port by TFR

Anglo Asian portfolio pivoting towards copper

By: Mariaan Webb     Updated 5 hours ago The Azerbaijan Parliament has ratified amendments to Anglo Asian’s production sharing agreement, granting the company three new contract areas over a combined area of 882 km2. The Parliamentary ratification legally granted the company the three new contract areas that it was awarded in September... 

Savannah's Portugal lithium project subject to additional EIA step

By: Mariaan Webb     Updated 5 hours ago London-listed lithium developer Savannah Resources lost more than a third of its value on Wednesday, as the company announced the departure of CEO David Archer and said that the Barroso lithium project, in Portugal, faced an additional environmental licensing step. Agência Portuguesa do Ambiente... 

Savannah's Portugal lithium project subject to additional EIA step

Gandel starts compulsory acquisition of Alliance shares

By: Esmarie Iannucci     Updated 6 hours ago ASX-listed Gandel Metals has started with the compulsory acquisition of the remaining shares in fellow-listed Alliance Resources, after gaining a 94.34% interest in the takeover target at the end of the takeover offer period, which closed on July 4. Gandel earlier this year launched an 18c a... 

Copper crash deepens as recession fears dominate metals trading

By: Bloomberg     Updated 7 hours ago Copper extended a sharp retreat after the economic bellwether suffered one of its worst days since the depths of the pandemic in 2020 on growing fears of a global recession. Investors are fretting over a range of threats to demand, from Europe’s gas crisis to a US slowdown and renewed virus... 

Copper crash deepens as recession fears dominate metals trading

Gruyere on target - Gold Road

By: Esmarie Iannucci     Updated 7 hours ago Gold miner Gold Road Resources on Wednesday noted preliminary production results from the Gruyere joint venture (JV) in Western Australia, found that some 85 676 oz of gold was produced in the June quarter, compared with the 71 135 oz produced in the March quarter. Some 2.4-million tonnes of ore... 

Paramount strengthens board as it approaches Grassy Mountain permitting

By: Mariaan Webb     Updated 7 hours ago US-based mineral developer Paramount Gold has appointed mining engineer Samantha Espley to its board as independent director. Espley is currently as a senior executive adviser for Stantec Engineering and recently as a corporate director with Vale, the world’s biggest nickel and iron-ore producer. 

Judge allows Sandfire’s Black Butte development to continue

By: Mariaan Webb     Updated 7 hours ago Copper miner Sandfire Resources’ US subsidiary has welcomed the District Court’s decision to allow it to continue with its development of the Black Butte copper project, in Montana. The court on Tuesday issued an order on remedies that would allow Phase 1 construction of Black Butte to be... 

Rio2’s Fenix EIA not approved

By: Mariaan Webb     6th July 2022 The environmental impact assessment (EIA) for the Fenix gold project, in Chile, has failed to win the support of a regional evaluation commission, which includes 12 governmental institutions, TSX-V-listed Rio2 reported on Tuesday. The company, which believes its project fulfils the applicable... 

Black Dragon starts WA gold hunt

By: Esmarie Iannucci     6th July 2022 Junior Black Dragon Gold Corp has started its hunt for gold in Western Australia with the acquisition of the Padbury and Ivan Well gold projects. The ASX-listed company on Wednesday announced the acquisition of privately-held Marlee Gold, saying it was a key part of its strategic growth plan to... 

Mayur signs magnetite offtake for Orokolo Bay

By: Esmarie Iannucci     6th July 2022 ASX-listed Mayur Resources has inked a binding offtake agreement for magnetite product from its Orokolo Bay iron and industrial sands project, in Papua New Guinea. The offtake agreement covers some 300 000 t/y of magnetite product over a three-year period, with an option to extend another year,... 

Wiluna changes leadership

By: Esmarie Iannucci     6th July 2022 Gold miner Wiluna Mining has announced the immediate resignation of executive chairperson Milan Jerkovic, and the appointment of Rowan Johnston as interim non-executive chairperson. Michael Monaghan has been appointed as acting CEO, with Robert Ryan appointed as acting COO. 

Tomingley hits targets in 2022

By: Esmarie Iannucci     6th July 2022 The Tomingley gold operation, in New South Wales, has exceeded production expectations for the 2022 financial year, ASX-listed Alkane Resources reported on Wednesday. Gold production at Tomingley reached 66 804 oz during the full year ending June, which was above the guidance of between 55 000... 

Galileo raises A$20.4m for exploration

By: Esmarie Iannucci     6th July 2022 Junior Galileo Mining will raise A$20.4-million in a share placement to sophisticated and institutional investors to fund exploration work at its Callisto palladium/nickel discovery, in Western Australia. Some 170-million shares will be placed, at a price of A$1.20 a share under Galileo’s... 

Image shows currency

Appea pledges help to extend ADGSM

By: Esmarie Iannucci     6th July 2022 The Australian Petroleum Production & Exploration Association (Appea) this week said that the oil and gas industry would work with the federal government on consultation to extend the Australian Domestic Gas Security Mechanism (ADGSM) until 2030. Minister for Resources and Northern Australia... 

Just Transition Framework means South Africa can ‘proceed apace’ with $8.5bn partnership 

By: Terence Creamer     5th July 2022 President Cyril Ramaphosa says the publication of the Just Transition Framework will enable South Africa to “proceed apace with harnessing the benefits” of the Just Energy Transition Partnership concluded with the US, the UK, Germany, France and the European Union in late 2021. The partnership... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Advisory firms find only benefits to Mason, Nouveau Monde JV

By: Marleny Arnoldi     5th July 2022 Independent proxy voting advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have advised Canadian corporation Mason Graphite shareholders to vote in favour of the option and joint venture agreement (JV) intended with NYSE-listed Nouveau Monde Graphite (NMG), as well as a... 

Metals extend losses as global recession fears damp outlook

By: Bloomberg     5th July 2022 Copper fell to the lowest level in 17 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities. Sentiment remains sour for the industrial materials used in everything from construction to new energy vehicles. Copper, widely considered an... 

Alphamin achieves record quarterly output, declares dividend

By: Tasneem Bulbulia     5th July 2022 TSX-V- and AltX-listed Alphamin Resources achieved record quarterly tin production of 3 180 t from its high-grade operation in the Democratic Republic of Congo (DRC) for the three months ended June 30. Output was 4% higher than that produced in the quarter ended March 31. 

Exciting listing on JSE’s AltX poised to give investors pure copper play  

By: Martin Creamer     5th July 2022 The reverse listing of Big Tree Copper into SHiP Copper Company on the AltX of the Johannesburg Stock Exchange in October is expected to raise between R60-million to R250-million for the ramping up of combined production to 10 000 t of copper a year in the next three years. SHiP, run by Shirley... 

Picrture supplied.
Big Tree Copper CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer.

NevGold closes option to acquire Nutmeg Mountain gold project

By: Tasneem Bulbulia     5th July 2022 Mineral exploration and development company NevGold has announced the closing of the option agreement to acquire the Nutmeg Mountain gold project, in Idaho, and a C$1-million strategic investment by TSX- and NYSE-listed GoldMining. “NevGold is very pleased to close the option agreement on Nutmeg... 

Ivanhoe's Kamoa-Kakula achieves another quarterly production record

By: Creamer Media Reporter      5th July 2022 The Phase 1 and 2 concentrator plants at the Kamoa-Kakula mine, in the Democratic Republic of Congo, produced 30 379 t of copper in concentrate in June – the third consecutive month that the mine has surpassed its 7.6-million-tonne-a-year throughput design capacity. It also contributed to another... 

Hecla to help Keno Hill achieve its full potential

By: Mariaan Webb     5th July 2022 NYSE-listed Hecla Mining on Tuesday announced the acquisition of NYSE American- and TSX-listed Alexco Resources in a transaction that will make the company not only the biggest silver producer in the US, but also in Canada. Each outstanding common share of Alexco will be exchanged for 0.116 of a... 

an image of the Keno Hill silver mine in Yukon
The past-producing Keno Hill is seen as a seamless fit for Hecla

Study finds six potentially harmful elements in Krugersdorp game reserve water

By: Schalk Burger     5th July 2022 The Mangosuthu University of Technology (MUT) academics and their counterparts from the Council for Geosciences have discovered high concentrations of six potentially harmful elements (PHE) in the Krugersdorp Game Reserve. The academics conducted a study to determine the levels of various... 

Mosaic acquires 100% interest in Gaboury, 113 North projects

By: Tasneem Bulbulia     5th July 2022 Canadian mining exploration company Mosaic Minerals has signed an agreement to acquire 100% of the interest in the Gaboury project, in Témiscamingue, Québec and 113 North project in Abitibi, Québec, from TSX-V-listed Fokus Mining. To acquire 100% interest in the Gaboury and 113 North projects,... 

Monarch starts putting Beaufor ore through Beacon mill

By: Mariaan Webb     5th July 2022 Toronto-listed Monarch Mining has been working relentlessly to restart the Beaufor mine and Beacon mill and is pleased to see its efforts coming to fruition, president and CEO Jean-Marc Lacoste said on Tuesday, reporting that it has begun processing ore. After investing C$20-million in... 

An image of the Beaufor mine in Quebec
The Beaufor mine in Quebec

Wheaton strikes deal with Hecla amid its acquisition of Alexco

By: Marleny Arnoldi     5th July 2022 Canadian multinational miner Wheaton Precious Metals has entered into a definitive agreement with NYSE-listed silver producer Hecla Mining Company to terminate its silver stream on fellow-listed Alexco Resource Corporation’s Keno Hill silver district, in Yukon, Canada, for $135-million. "The... 

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