R/€ = 17.38 Change: 0.01
R/$ = 15.59 Change: 0.00
Au 1791.81 $/oz Change: -0.54
Pt 1016.00 $/oz Change: 3.00

Latest News

Green energy transition will help South Africa become more resilient, competitive  

By: Schalk Burger     28th January 2022 South Africa needs more power generation to overcome the supply gap and underpin economic growth, and investments by private companies, including mining houses, are essential to close that gap. Renewable energy projects provide good economic prospects, help to decarbonise the mining sector and... 

Rosond records notable safety records at the Sishen, Kolomela mines

By: Tasneem Bulbulia     28th January 2022 Drilling technology solutions provider Rosond says it has achieved major health and safety milestones at Kumba Iron Ore’s Sishen and Kolomela mines in the Northern Cape. Based in the exploration and production geology section at Sishen, Rosond is drilling boreholes for exploration and mine... 

An image of Rosond's Rosond uses hi-tech drill rigs that are used to ensure safe work
Rosond uses hi-tech drill rigs to ensure safe work

Fortuna reports Lindero fatality

By: Creamer Media Reporter      28th January 2022 Canada’s Fortuna Silver Mines has suspended activities at the Lindero mine, in Salta, Argentina, after a fatality on Thursday. The company explained that the accident happened at the conveyor stacking system and that there were no other injuries associated with the incident. Stacking activities... 

Mitsui Mining ramps up zinc contract prices as shortages bite

By: Bloomberg     28th January 2022 Mitsui Mining & Smelting is increasing zinc prices this year in annual contracts by at least 35% for the Japanese company’s customers in Asia as supply tightens and freight rates soar. The constrained availability of cargo ships is a big contributor to the rise, Kenji Sugawara, general manager... 

Aluminium price expected to reach a 30-year high this year

By: Darren Parker     28th January 2022 Aluminium has strong potential to outperform other London Metals Exchange base metals this year, having again breached the important milestone of $3 000/t at the start of the year, diversified mining major Eurasian Resources Group CEO Benedikt Sobotka said in a statement on January 27. He said... 

A photo of Eurasian Resources Group CEO Benedikt Sobotka
Eurasian Resources Group CEO Benedikt Sobotka

Cobalt price surge to continue this year amid rising demand

By: Darren Parker     28th January 2022 The surge in the cobalt price, which increased by 119% in 2021, is expected to continue unabated this year, with cobalt supply increasingly unable to keep pace with demand, diversified mining major Eurasian Resources Group (ERG) CEO Benedikt Sobotka said in a statement on January 27. The global... 

A photo of ERG's cobalt
Cobalt is in short supply globally

OU Moonrider to loan Aton Resources C$500 000

By: Donna Slater     28th January 2022 TSX-V-listed gold explorer and developer Aton Resources has entered into an additional bridge loan of C$500 000 with OU Moonrider – a significant shareholder of the company. The proceeds of the loan will be used by Aton for ongoing working capital expenses and continuing the drilling programme... 

Zenith and IGO partner on renewables at Nova

By: Esmarie Iannucci     28th January 2022 Independent power producer Zenith Energy is partnering with ASX-listed IGO at its Nova nickel/copper/cobalt operation, in Western Australia, to trial running the mine site of 100% renewable energy continuously for up to nine hours a day. The mine site is currently powered by a hybrid solar and... 

Teck increases Covid-19 capital budget for QB2

By: Mariaan Webb     28th January 2022 Diversified mining group Teck Resources has increased Covid-19 capital guidance for the Quebrada Blanca Phase 2 (QB2) project, in Chile, by up to $500-million, citing cost pressures as a result of absenteeism and labour inefficiencies related to the pandemic. The company now assumes that the... 

Hydrogen, coal exports make headlines   

28th January 2022 Mining Weekly Editor Martin Creamer discusses South Africa’s hydrogen roadmap targeting societal well-being; South Africa offsetting losses from the eventual decline in coal export by using hydrogen direct reduced iron technology; and the Richards Bay Coal Terminal's lowest volume of coal exports... 

Photo of Martin Creamer
Hydrogen, coal exports make headlines

Pure Gold raises C$25m, AngloGold ups investment

By: Mariaan Webb     28th January 2022 Canadian junior Pure Gold Mining on Thursday announced a C$25-million capital raising to complete the ramp up of operations to design capacity at its namesake mine in Red Lake, Ontario. The company would raise the capital through a bought-deal financing of nearly $17-million shares at C$0.53... 

Pure Gold raises C$25m, AngloGold ups investment

Askari raises cash, buys into lithium

By: Esmarie Iannucci     28th January 2022 ASX-listed Askari Metals has announced a A$2.6-million capital raise and has announced the acquisition of the Barrow Creek lithium project, in the Northern Territory. The company on Friday announced that it has completed a share placement, priced at 35c a share, with a one-for-three free... 

Investors eyeing platinum while price is lower than gold – ABC Bullion

By: Donna Slater     28th January 2022 Investors are keen to buy platinum while it is trading for less than gold on a per ounce basis, with demand being driven by both investors and industrial offtakers, notes independent bullion dealer ABC Bullion MD Janie Simpson. “This expected demand increase, up against a relatively static... 

Cosmo readies for its ASX debut

By: Esmarie Iannucci     28th January 2022 Battery minerals-focused Cosmo Metals is expected to start share trading on the ASX on January 31, after a successful initial public offering (IPO) raised A$5.1-million. Cosmo is a spin-off from fellow-listed Great Boulder Resources (GBR), holding the Yamarna base metals project, in Western... 

Vital to redesign Canadian pit following stellar results

By: Esmarie Iannucci     28th January 2022 Rare earths developer Vital Metals on Friday announced it would re-design the North T pit at its Nechalacho rare earths project, in Canada, after a five-month maiden mining campaign in 2021. The company told shareholders that the ore sorter at Nechalancho had proven capable of sorting lower... 

Chile's Cochilco maintains 2022 copper price forecast

By: Reuters     28th January 2022 The Chilean Copper Commission (Cochilco) on Thursday maintained its projection for 2022 copper prices at $3.95/lb as prices trend moderately down following a surge last year. Cochilco sees average prices of $3.80/lb for 2023. "For this and next year, the beginning of a moderate downward cycle... 

Canada says it saw no need to block China firm's bid for lithium miner

By: Reuters     28th January 2022 Canada did not stop a Chinese firm's bid for a Toronto-listed lithium miner because it saw no risk to national security, Innovation Minister Francois-Philippe Champagne said on Thursday. The opposition Conservatives said the Liberal government should have blocked Zijin Mining Group from buying... 

Gold demand hits highest level in more than two years, council says  

By: Tasneem Bulbulia     28th January 2022 Market development organisation the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report shows that yearly demand, excluding over-the-counter markets, has recovered many of the Covid-19-induced losses from 2020 to reach 4 021 t for the 2021 full-year. Demand for gold reached 1 147 t in... 

An image showing a gold bar
Photo by Bloomberg
Gold bar

Global coal prices surge as Ukraine tensions worsen supply woes

By: Reuters     28th January 2022 Global coal prices have shot back towards record highs as the Ukraine crisis raises expectations that European buyers will start loading up on the fossil fuel for fear that a standoff between Russia and western nations will cut off gas supplies. The benchmark Newcastle coal index has soared by... 

Gascoyne posts another strong quarter

By: Esmarie Iannucci     28th January 2022 ASX-listed gold miner Gascoyne Resources has reported a solid quarter of production in the three months to December from its Dalgaranga operation, in Western Australia. Gold production in the December quarter reached 16 442 oz, on par with the 16 744 oz delivered in the previous quarter, bringing... 

Aus volunteers for European energy supply

By: Esmarie Iannucci     28th January 2022 Australian Resources Minister Keith Pitt has volunteered Australia’s supply of liquefied natural gas (LNG) to struggling European nations. In a press conference this week, Pitt said that Australia stood “ready to support its friends and allies” as tensions soared in Europe over the conflict in... 

Newcrest's production on the rise

By: Esmarie Iannucci     28th January 2022 Gold major Newcrest Mining has seen group gold production increase from 396 214 oz in the September quarter, to 436 085 oz in the three months to December. Copper production also increased from 24 527 t to 26 418 t in the same period, while silver production increased from 174 555 oz to 187 677... 

Image shows the mining operation at Lihir

Switch to platinum by automakers will weigh on palladium prices

By: Reuters     28th January 2022 Platinum prices are expected to steadily rise over the next two years and palladium prices to gradually fall as automakers switch to using platinum in autocatalysts to cut costs, a Reuters survey Thursday showed. Both metals are used in engine exhausts, where they neutralise harmful emissions.... 

Magazine round up | 28 January 2022 

28th January 2022 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Engineering News and Mining Weekly magazine cover
Magazine round up | 28 January 2022

Will South Africa finally ignite minerals and energy growth engines in 2022? 

By: Terence Creamer     28th January 2022 Problems in South Africa’s electricity sector will, sadly, continue to dominate the headlines and undermine growth and confidence in 2022. Despite the fact that the crisis is now deep into its second decade, there is little sign of immediate relief and load-shedding remains a clear and present... 

Engineering News and Mining Weekly cover image

Emmerson awards Reminex basic engineering contract outside mineral processing facility

By: Donna Slater     27th January 2022 Morocco-focused potash developer Emmerson has awarded the balance of the basic engineering scope of the Khemisset potash project, outside of the mineral processing facility, to Reminex – the engineering arm of Moroccan mining company Managem Group. This follows Emmerson awarding the basic... 

Eskom warns of elevated diesel use as system outlook remains precarious 

By: Terence Creamer     27th January 2022 State-owned electricity group Eskom is warning that its use of the country’s diesel-fuelled open cycle gas turbines (OCGTs) is set to remain elevated in the coming months as the utility seeks to avoid load-shedding in a context of rising planned maintenance and the ongoing risk of unplanned... 

Group executive for transmission Segomoco Scheppers
Photo by Creamer Media's Donna Slater
Group executive for transmission Segomoco Scheppers

Paladin reiterates confidence in Langer Heinrich mine

By: Tasneem Bulbulia     27th January 2022 ASX-listed Paladin Energy’s technical programmes to restart work at the Langer Heinrich mine, in Namibia, are now complete and have reinforced its confidence in the mine as a robust, competitive and long-life operation that is ready to rapidly restart production in the right uranium price... 

Aura advances towards net-zero emission uranium production at Tiris

By: Tasneem Bulbulia     27th January 2022 Aim-listed Aura Energy continues to advance towards net-zero emission uranium production at the Tiris uranium project, in Mauritania, with an initial study of Scope 1 and Scope 2 greenhouse-gas (GHG) emissions undertaken by consulting group Wood Group now complete, clearly defining a net-zero... 

Speed up solar, wind and storage developments – Easton  

By: Martin Creamer     27th January 2022 A speeded up solar, wind and storage (SWS) approach is needed to advance South Africa’s decarbonised energy situation and take the country into a cleaner, greener future. Also, steps need to be taken to allow the delayed Tubatse pumped storage scheme to go ahead as an independent power producer... 

Picture supplied
Retired civil engineering construction cost consultant David Easton interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Lucapa records strong 2021 performance

By: Tasneem Bulbulia     27th January 2022 ASX-listed Lucapa Diamond Company recorded a year of operational growth and consolidation in 2021, with record operational and financial performances, MD Stephen Wetherall said in a quarterly activities report for the period ended December 31. “The commissioning of the standalone kimberlite bulk... 

Amplats records strong fourth-quarter performance, but safety a concern

By: Darren Parker     27th January 2022 Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) on January 27 lamented increased levels of absenteeism and a 13% regression in its total recordable case frequency rate (TRIFR) for the fourth quarter of 2021, which Amplats CEO Natascha Viljoen said was related to Covid-19.... 

A photo of Anglo American Platinum CEO Natascha Viljoen
Anglo American Platinum CEO Natascha Viljoen

Mining majors included in Bloomberg 2022 Gender Equality Index  

By: Darren Parker     27th January 2022 Major mining companies AngloGold Ashanti, Sibanye-Stillwater, Exxaro Resources, Gold Fields, Impala Platinum, Anglo American Platinum (Amplats), Kumba Iron Ore, Harmony Gold and Newmont have all been included in software and media company Bloomberg’s 2022 Gender Equality Index (GEI). The... 

A photo of two female miners in PPE looking at a chart
A total of 418 companies from across 45 countries were included in in Bloomberg’s 2022 Gender Equality Index

De Beers raises output as demand strengthens

By: Donna Slater     27th January 2022 Diamond miner De Beers increased its rough diamond production by 15% year-on-year to 7.7-million carats for the fourth quarter of 2021, reflecting planned higher production to meet strengthening levels of demand. Production from its Botswana operations increased by 23% to 5.2-million carats for... 

Trident secures rights over Sonora lithium royalty interest

By: Creamer Media Reporter      27th January 2022 Mining royalty and streaming company Trident Royalties has entered into an agreement to acquire an indirect royalty over the Sonora lithium project, in Mexico, from the estate of Colin Orr-Ewing. Orr-Ewing, who passed away in 2016, was the founder of Bacanora, which jointly owns the Sonora... 

Anglo Asian completes strategic investment in Libero

By: Creamer Media Reporter      27th January 2022 Aim-listed Anglo Asian Mining has completed its strategic 19.8% investment in TSX-V-listed Libero Copper and Gold, in line with its strategy to expand its interests in Azerbaijan and internationally. Anglo Asian acquired the interest in Libero for $6.3-million. The initial 9.8% was acquired upon... 

Bluejay appoints Sondergaard to board

By: Creamer Media Reporter      27th January 2022 Exploration and development company Bluejay Mining has appointed Eric Sondergaard to its board as an executive director, with immediate effect. Sondergaard is COO of Bluejay and MD of 100%-owned subsidiary Disko Exploration, which holds base and precious metals licences in Greenland. The board... 

Kumba lifts 2021 production by 9%, achieves fifth year of fatality-free production

By: Donna Slater     27th January 2022 JSE-listed iron-ore miner Kumba Iron Ore increased its production by 9% in 2021, with 40.9-million tonnes mined as volumes recovered following the Covid-19 impacts of 2020, and plant reliability improved. For the fourth quarter of 2021, the miner produced 9.7-million tonnes.  

An image of a bucket wheel excavator
Miners inspect a bucket wheel excavator at Kumba's Kolomela mine
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