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Latest News

Anglo Asian to start work at Vejnaly once secure

By: Mariaan Webb     27th October 2020 London-listed Anglo Asian said on Tuesday that it planned to start work at the Vejnaly project, located in the Zangilan district of Azerbaijan, as soon as it is safe to do so. The Azerbaijani army last week liberated the Zangilan district from Armenia, ending the 27-year occupation of the... 

Teck receives inquiries from Chinese customers

By: Mariaan Webb     27th October 2020 Canadian miner Teck Resources has received several inquiries from Chinese contract and spot customers about the availability of prompt cargoes for delivery in the fourth quarter, on the back of a reported ban by China of Australian metallurgical coal imports. The heightened Chinese restrictions... 

Teck receives inquiries from Chinese customers
The shiploader for the Neptune Bulk Terminal arrives on site.

More than 4 000 register for 600 job opportunities at NMP’s Sandpiper project

By: Simone Liedtke     27th October 2020 Project developer Namibian Marine Phosphate’s (NMP’s) job registration drive has received an “overwhelming response”, with more than 4 000 registrations recorded within the first two weeks. Speaking to media on October 27, CEO Chris Jordinson said the sheer number of registrations was likely... 

Petra cautiously optimistic about improved diamond prices

By: Tasneem Bulbulia     27th October 2020 Diamond miner Petra Diamonds continued to perform well during the three months to September 30, with record carat production at the Cullinan mine in South Africa during August and September, an “excellent achievement” given the Covid-19 mitigation measures, which now form part of the group’s... 

Kodal making strides in Mali, Côte d’Ivoire

By: Tasneem Bulbulia     27th October 2020 Mineral exploration and development company Kodal Minerals says it is making progress with its mining licence application for the Bougouni lithium project, in southern Mali, as well as with regard to a memorandum of understanding (MoU) entered into with Sinohydro and its gold exploration... 

FYI completes HPA trial

By: Esmarie Iannucci     27th October 2020 ASX-listed junior FYI Resources has completed a high purity alumina (HPA) production trial at its pilot plant in Western Australia. The objective of the trial was to produce stipulated end production specially tailored to the requirements of targeted potential customers and to incorporate several... 

Cornish Lithium appoints CFO

By: Creamer Media Reporter      27th October 2020 Mineral explorer Cornish Lithium has appointed Varshan Gokool, who most recently was president and CEO of Euromax Resources, as CFO. At Euromax, Varshan was pivotal in leading the Ilovica-Shtuka copper/gold project in North Macedonia from inferred resource to definitive feasibility study,... 

Barrick continues to perform well in Mali, despite various hurdles

By: Simone Liedtke     27th October 2020 Dual-listed Barrick Gold’s Loulo-Gounkoto complex remains on track to meet the upper end of its 2020 guidance in the face of multiple challenges, including that of a military coup in Mali, the gold major confirmed on October 27. Barrick president and CE Mark Bristow attributed this performance... 

DRDGold’s output rises 45% q/q 

By: Tasneem Bulbulia     27th October 2020 Dual-listed DRDGold reported a 45% quarter-on-quarter increase in gold production to 48 676 oz (1 514 kg) for the quarter ended September 30, owing primarily to a 27% increase in tonnage throughput to 7.26-million tonnes and a 15% increase in yield to 0.209 g/t. Gold sold increased by 60% to 48... 

DRDGold’s output rises 45% q/q

Teck Resources profit misses estimates as prices of steelmaking coal tumble

By: Reuters     27th October 2020 Canada's Teck Resources missed analysts' estimates for quarterly profit on Tuesday, hurt by a steep drop in the prices of steelmaking coal, sending it US-listed shares down 8.2% in pre-market trade. Miners globally have been struggling after the Covid-19 pandemic wreaked havoc on commodity... 

Teck Resources profit misses estimates as prices of steelmaking coal tumble

Hudbay resumes mining after 777 skip hoist incident

By: Mariaan Webb     27th October 2020 Underground mining activity has resumed at the 777 mine, in Flin Flon, Manitoba, and production should be back at full tilt in December, base metals miner Hudbay Minerals reported on Monday. Operations at the copper/zinc/gold/silver mine were halted earlier this month, after a skip fell to the... 

Hudbay resumes mining after 777 skip hoist incident

Donlin continues to exceed modelled grade-thickness

By: Mariaan Webb     27th October 2020 Joint venture (JV) partners Barrick Gold and NovaGold have completed its 85-hole drilling campaign at Donlin Gold, advancing the Alaska gold project up the value chain. Assay results for the first 25 holes, representing 30% of the 23 400 m drilled, have been received. NovaGold CEO Greg Lang... 

Donlin continues to exceed modelled grade-thickness

Taseko mulls minority sale in Florence project

By: Mariaan Webb     27th October 2020 While discussions with potential lenders and finance providers for the development of the Florence copper project remain ongoing, Canadian base metals miner Taseko is also exploring the sale of a minority interest in project to help develop the commercial operation. The company, which on Monday... 

Taseko mulls minority sale in Florence project

Stalemate reached in Cardinal tussle

By: Esmarie Iannucci     27th October 2020 Chinese suitor Shandong Gold Mining will only increase its offer price for ASX- and TSX-listed Cardinal Resources to A$1.05 a share, up from its current A$1 a share offer, if a higher competing offer was launched for the junior gold developer. Shandong this week announced that it would extend... 

Golden Rim adds to Kouri ounces

By: Esmarie Iannucci     27th October 2020 Gold explorer Golden Rim resources has reported a 43% increase in the Kouri mineral resource estimate, in Burkina Faso. The project is now estimated to host an indicated and inferred mineral resource of 50-million tonnes, grading 1.3 g/t gold for an estimated two-million ounces of contained... 

Paladin cuts Namibian spend

By: Esmarie Iannucci     27th October 2020 Uranium hopeful Paladin Energy on Tuesday announced that capital expenditure (capex) at its Langer Heinrich mine, in Namibia, is expected to reach $9.5-million in 2021. The planned capex for the 2021 financial year was down by 44% on the funds spent in the 2020 financial year, as Paladin moved to... 

Cash raised for East Menzies exploration

By: Esmarie Iannucci     27th October 2020 ASX-listed Resources & Energy Group has raised A$3.3-million to fund exploration at its East Menzies gold field tenements in Western Australia. The company on Tuesday said that it would issue 44-million shares to professional investors, priced at 7.5c each, along with one attaching option for... 

Australia mulling gas reservation policy

By: Esmarie Iannucci     27th October 2020 The federal government is considering a prospective national gas reservation scheme as part of its plan to make energy affordable for families and businesses and to support jobs as part of Australia’s recovery from the Covid-19 recession. A gas reservation issues paper has been released for... 

Australia mulling gas reservation policy

Todd River raises funds for new nickel project

By: Esmarie Iannucci     27th October 2020 Junior Todd River Resources has exercised its option over the Nanutarra nickel project, in Western Australia, and has completed a A$4-million capital raise. The company on Tuesday reported the issue of 805 366 shares to Cratonix with the exercise of the option over Nanaturra.  

Decision soon on platinum process that can save a Medupi power station worth of power   

By: Martin Creamer     26th October 2020 The definitive feasibility study for the installation of a revolutionary new electricity-slashing processing plant at Pilanesberg Platinum Mine in the North West will be completed next month, in time for an investment decision from the shareholders in KellTechnology South Africa, which are... 

Decision soon on platinum process that can save a Medupi power station worth of power
Kelltech’s Keith Liddell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Minerals Council advocates for constructive, peaceful engagement following community leader's murder

By: Donna Slater     26th October 2020 The Minerals Council South Africa, “shocked” to hear of the murder of mining community leader Fikile Ntshangase, extends its “deepest condolences” to her family and colleagues. She was shot at her home in Northern KwaZulu-Natal on the night of October 22.  

Megado Gold to list on ASX, start drilling in two weeks

By: Donna Slater     26th October 2020 Ethiopia-focused gold explorer Megado Gold will, on October 27, list on the ASX for the first time with 71.5-million ordinary shares on issue, following a strongly supported and oversubscribed A$6-million initial public offering (IPO). Megado’s push into Ethiopia coincides with that country's... 

Megado Gold to list on ASX, start drilling in two weeks
A bridge under construction near Megado's project in Ethiopia

SRK Consulting highlights Northern Cape mining potential following Joburg Indaba

By: Simone Liedtke     26th October 2020 The Northern Cape’s potential gained considerable mention at the recent Joburg Indaba mining conference as the prospects of South Africa’s minerals sector start to brighten. “It was encouraging to hear a similar message from major mining companies and juniors alike – that there is still... 

SRK Consulting highlights Northern Cape mining potential following Joburg Indaba
SRK Consulting principal mining engineer Joseph Mainama

Deal with Li Ka-shing gives Canadian oil giant a Biden hedge

By: Bloomberg     26th October 2020 Cenovus Energy  is getting more than just a rival Canadian oil producer with its acquisition of Husky Energy Inc. It’s also shoring up its defenses against an anti-oil sands movement that could get a boost if Joe Biden is elected as the next president of the U.S. Calgary-based Cenovus said Sunday... 

Danakali, AFC in talks as equity funding conditions unlikely to be met by Nov 21

By: Donna Slater     26th October 2020 Although ASX- and LSE-listed potash producer Danakali has been working in “good faith” to satisfy the conditions precedent for the Africa Finance Corporation’s (AFC’s) second tranche equity funding of $28.5-million, the company’s board now considers it unlikely that the conditions precedent will... 

Peabody appoints Yeates COO

By: Creamer Media Reporter      26th October 2020 Coal producer Peabody has announced that Darren Yeates will become COO on November 1. Yeates has been a member of Peabody's board of directors since February 2020 and will remain on the board as a nonindependent director.  

Top copper nation says it can save glaciers without nixing mines

By: Bloomberg     26th October 2020 Chile’s government seeks to strike a balance between protecting glaciers and appeasing investors in the top copper producer -- even as the political opposition pushes a law that could constrain mining in such environmentally fragile areas. “We are in favor of protecting the environment including... 

Top copper nation says it can save glaciers without nixing mines

Nornickel to consider 9-month dividend, looks to limit payments

By: Reuters     26th October 2020 Russia's Norilsk Nickel should keep its dividend payments for 2020 to a mininum level, co-owner and top shareholder Vladimir Potanin told Reuters. Potanin's Interros holding, aluminium producer Rusal and some other stakeholders have an agreement on dividend payouts which suggests that Nornickel... 

Robert Murray, outspoken coal miner who battled EPA, dies at 80

By: Bloomberg     26th October 2020 Robert Murray, a fourth-generation coal miner who became one of the embattled industry’s most outspoken advocates, has died. He was 80. Murray died early Sunday morning at his home in St. Clairsville, Ohio, of a lung disorder, according to Michael Shaheen, the family’s lawyer. He was diagnosed... 

Robert Murray, outspoken coal miner who battled EPA, dies at 80
Robert Murray

Candelaria buys Georgia project from Empire

By: Creamer Media Reporter      26th October 2020 Aim-listed exploration and development company Empire Metals announced on Monday that it had sealed an agreement to sell its share in the Bolnisi copper/gold project, in Georgia, to TSX-V-listed Candelaria Mining for C$7-million. Empire executives Mike Struthers and Neil O’Brien would join... 

AfriTin continues to ramp up production at Uis

By: Tasneem Bulbulia     26th October 2020 Aim-listed AfriTin is continuing with the production ramp-up of its pilot mining and processing facility at its Uis mine, in Namibia, and produced 39 t of tin concentrate containing 27.5 t of tin metal in September. For Stage 1 of Phase 1, the company is targeting the processing of 45 000 t a... 

Resgen shares to remain suspended until November 9

By: Simone Liedtke     26th October 2020 Energy resources company Resource Generation's (Resgen's) securities on the ASX and JSE will remain suspended, at the company’s request, until November 9. This is an extension from the initially expected trading restart date of October 26. 

Implats reports significant ESG progress for this year 

By: Simone Liedtke     26th October 2020 Platinum group metals miner Impala Platinum (Implats) made significant progress on its environmental, social and governance (ESG) goals during this year, as highlighted in its ESG report released on October 26. Referring to the miner’s workforce specifically, a statement by social, transformation... 

‘Great opportunity’ to tap Mpumalanga’s grid capacity for just transition – IPP Office   

By: Terence Creamer     26th October 2020 The extension of South Africa’s Renewable Energy Development Zones (REDZs) to areas where coal jobs are at risk, but where grid capacity is available, represents a “great opportunity” to connect new renewable-energy generators while also supporting a just transition for coal workers, a senior... 

‘Great opportunity’ to tap Mpumalanga’s grid capacity for just transition – IPP Office
IPPO head of technical Pervelan Govender told participants attending the virtual 2020 edition of Windaba that there was potential grid and just-transition virtue to be derived from locating new renewables projects in Mpumalanga. Video & Editing: Kutlwano Matala & Nicholas Boyd. 16.10.2020

Hummingbird maintains guidance despite headwinds in third quarter

By: Marleny Arnoldi     26th October 2020 London-listed Hummingbird Resources produced 24 722 oz of gold in the third quarter of the year, compared with the 24 054 oz produced in the second quarter. CEO Dan Betts says that, despite a difficult quarter that was impacted by some of the heaviest rains on record, compounding the already... 

Kenmare starts production at Pilivili ahead of schedule

By: Tasneem Bulbulia     26th October 2020 Minerals producer Kenmare Resources has announced that the wet concentrator plant (WCP) B at Kenmare Resources’ Moma titanium minerals mine, in northern Mozambique, has started production at the Pilivili orezone, ahead of schedule. WCP B and its dredge were relocated 23 km from their previous... 

Qld resource employment up by 50 000

By: Esmarie Iannucci     26th October 2020 New data by the Queensland Resources Council (QRC) has shown that an additional 50 000 jobs have been created in the resources sector over the past financial year, with the mining, gas and energy industries now employing some 420 000 staff. The QRC on Monday noted that the three sectors added a... 

Qld resource employment up by 50 000

Olaroz operations suspended owing to Covid cases

By: Esmarie Iannucci     26th October 2020 Lithium miner Orocobre has temporarily suspended operations at its Olaroz lithium facility, in Argentina, following positive Covid-19 tests at the site. The ASX- and TSX-listed miner said that operations have been suspended to allow cleaning of the site and rotation of staff after 35 employees... 

Olaroz operations suspended owing to Covid cases
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