R/€ = 16.65 Change: 0.08
R/$ = 15.77 Change: 0.07
Au 1846.66 $/oz Change: 2.95
Pt 958.50 $/oz Change: -10.49

Latest News

i-80 Gold to trade on NYSE

By: Creamer Media Reporter      17th May 2022 Nevada-focused i-80 Gold has been approved for listing and trading on the NYSE American. CEO Ewan Downie says listing on is a major achievement for the company, providing enhanced access to the world’s biggest and most liquid equity market. 

Philippines removes last hurdle for stalled Tampakan copper-gold project

By: Reuters     17th May 2022 A provincial government in southern Philippines has reversed its 12-year-old policy banning open-pit mining, removing the final regulatory hurdle for the stalled Tampakan copper-gold project, the industry regulator said on Monday. The Tampakan project in South Cotabato province is the Southeast... 

Philippines removes last hurdle for stalled Tampakan copper-gold project

Woodside sees slim risk of big share selloff by BHP investors

By: Reuters     17th May 2022 Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group investors if Woodside's acquisition of BHP's petroleum business goes ahead in June,CEO Meg O'Neill said on Tuesday. Woodside shareholders are set to vote on Thursday on a $40-billion merger to create a top 10... 

Underground development starts at Ascot's Premier project

By: Mariaan Webb     17th May 2022 Vancouver-based Ascot Resources has begun underground development work at its C$224-million Premier gold project, British Columbia, and plans to initiate full-scale ramp development this month. The company is currently advancing the project with available liquidity, while it continues to look... 

Developing countries have opportunity to call for greater access to nuclear energy, technology

By: Schalk Burger     17th May 2022 States that do not have nuclear weapons, which include most developing countries, have an opportunity to demand greater access to nuclear sciences and technologies for peaceful purposes, including for energy, industry and medicine, at the tenth review conference of the Treaty on the... 

The Koeberg nuclear power station
Photo by Creamer Media
The Koeberg nuclear power station

IPP Office head says stakeholder alignment key to regular, investment-promoting procurement rhythm 

By: Terence Creamer     17th May 2022 The head of South Africa’s Independent Power Producer (IPP) Office believes that improved stakeholder management and alignment are key to overcoming delays to the introduction of urgently required new electricity capacity and to creating the predictable “procurement rhythm” required to attract... 

IPP Office head Bernard Magoro
IPP Office head Bernard Magoro

Trek strikes base metals deal with Pilbara Minerals

By: Esmarie Iannucci     17th May 2022 ASX-listed Trek Metals has inked an agreement with lithium miner Pilbara Minerals to acquire a base metals tenement in the Pilbara. The tenement is immediately adjacent to Trek’s Pincunah project and is prospective for gold and base metals discoveries. 

Pilbara and Calix get A$20m MMI funding

By: Esmarie Iannucci     17th May 2022 Lithium miner Pilbara Minerals and its joint venture (JV) partner Calix have given a A$20-million grant from the Australian government under the Modern Manufacturing Initiative (MMI) to help fund the Mid-Stream project. Pilbara Minerals and Calix in May this year inked a memorandum of... 

Image shows Australian currency

Oz Minerals takes an option over Kalkaroo

By: Esmarie Iannucci     17th May 2022 Copper/gold miner Oz Minerals has inked a term sheet with fellow listed Havilah Resources to option the Kalkaroo copper project, in South Australia. Oz Minerals will have 18 months to evaluate the potential of the Kalkaroo project, and the option to acquire the project for A$205-million. 

Calidus pours first gold at Warrawoona

By: Esmarie Iannucci     17th May 2022 ASX-listed Calidus Resources has poured its first gold from its carbon-in-leach circuit at its Warrawoona gold project, in Western Australia. The first gold pour marked the successful completion of commissioning of the full processing circuit, with some 33 kg of gold now having been poured. The... 

Orca shareholders back Perseus' play

By: Esmarie Iannucci     17th May 2022 The shareholders of TSX-V listed takeover target Orca Gold have voted overwhelmingly in favour of the takeover offer from dual listed gold miner Perseus Mining. Orca this week announced that some 99.99% of the votes cast at the company’s shareholder meeting had been cast in favour of the... 

Johnson Matthey predicts smaller platinum surplus, palladium and rhodium deficits

By: Reuters     17th May 2022 A surplus in the platinum market should shrink this year and the palladium and rhodium markets are likely to move back into deficit, Johnson Matthey said in a report on Monday. The three metals are used in autocatalysts that reduce emissions from vehicle engines, with platinum also used in other... 

Gold Fields’ cultural, capability alignment contribute to South Deep’s success – OIM

By: Donna Slater     16th May 2022 Gold miner Gold Fields was able to turn its business around, from struggling to turn a profit in 2018 to making more than R100-million in profit in 2019, as a result of a broader cultural and capability-alignment process the miner credited to leadership consultancy OIM Consulting. OIM Consulting... 

S2 notes improved fair value sums of Orion shares

By: Marleny Arnoldi     16th May 2022 Market intelligence firm S2 Research has noted the peak funding requirement reduction from R2.4-billion to R2.25-billion for JSE-listed Orion Minerals’ Prieska copper/zinc project, in the Northern Cape. This reduces the funding risk of the project, while the net present value of project cash... 

Takeovers Panel makes final orders relating to DRA Global

By: Tasneem Bulbulia     16th May 2022 The Australian government’s Takeovers Panel has made final orders in relation to an application dated March 21 by Haydn Von Maltitz in relation to the affairs of JSE- and ASX-listed DRA Global. On May 9, the panel made a declaration of unacceptable circumstances in relation to the affairs of DRA. 

SARB takes control of small lender Ubank

By: Reuters     16th May 2022 South Africa's central bank said on Monday it had placed Ubank, a small South African lender primarily offering financial services to families of gold and platinum miners, under a curatorship with immediate effect. South African Reserve Bank Governor Lesetja Kganyago said in the last two years... 

Botswana sees Russian diamond ban opening door to synthetic gems

By: Reuters     16th May 2022 Botswana, Africa's top diamond producer, sees a prolonged ban on Russian diamonds opening the way for synthetic gems to expand market share, the country's minister told a mining conference on Monday. The United States, the world largest market for natural diamonds, imposed sanctions on Russia's... 

Boost for Quebec graphite as Nouveau Monde and Mason announce investment agreement

By: Mariaan Webb     16th May 2022 Critical mineral developers Nouveau Monde Graphite (NMG) and Mason Graphite on Monday announced an investment agreement, which would focus on the development and operation of Mason’s Lac Guéret property, in Quebec. Pallinghurst-backed NMG, which owns the Matawinie project in Quebec, would enter... 

Boost for Quebec graphite as Nouveau Monde and Mason announce investment agreement

Sibanye-Stillwater hoists first tons from R4bn 4 000-job K4 platinum project 

By: Martin Creamer     16th May 2022 The first tons have been hoisted at Marikana K4, Sibanye-Stillwater’s high-return resumed platinum group metals  (PGM) project, which was largely predeveloped and equipped when acquired from the now defunct Lonmin in 2019. “The K4 project is an unrivalled, top-tier project in the PGM industry,... 

Picture supplied.
The K4 headgear of the new platinum group metals shaft.

World Coal Association welcomes new South African members

By: Tasneem Bulbulia     16th May 2022 Industry body the World Coal Association (WCA) has welcomed two new members to the growing alliance of responsible coal participants. These are Seriti, a major South African mining company that operates seven large-scale thermal coal mines, predominantly supplying State-owned utility Eskom power... 

Gold prices buckle under pressure from 'King Dollar', higher yields

By: Reuters     16th May 2022 Gold prices fell more than 1% to their lowest in three-and-a-half months on Monday as elevated bond yields and a firmer US dollar dampened bullion demand, even as riskier assets dropped after grim China economic data. A stronger dollar makes gold expensive for overseas buyers, while higher... 

Adams replaces Pichette as Monarch director

By: Creamer Media Reporter      16th May 2022 Toronto-listed Monarch Mining has appointed Renaud Adams – former CEO of New Gold – to its board of directors, replacing Christian Pichette, who is retiring from his position of director. Welcoming Adams to Monarch’s board, chairperson Michel Bouchard said on Monday that the company was... 

Equinox suspends RDM operations pending TSF raise permits

By: Mariaan Webb     16th May 2022 TSX-listed Equinox Gold on Monday announced the suspension of operations at the RDM mine, in Brazil, pending regulatory approvals for the scheduled tailings storage facility (TSF) raise. The company said it applied for the permits for the TSF raise in 2021, but that it had not yet been granted. 

Chaarat reports fatality at Kapan

By: Creamer Media Reporter      16th May 2022 Aim-quoted gold miner Chaarat Gold on Monday reported a fatality at its Kapan mine, in Armenia. The company stated that an employee of its contractor, S&A Mining, had died in a rockfall underground on May 14. The underground mining area where the incident occurred was closed and an internal and... 

Lithium sector needs $42bn as pivot from China adds costs

By: Bloomberg     16th May 2022 The global lithium industry needs as much as $42 -billion of investment by the end of the decade in order to meet demand for the crucial battery-making material, with attempts to build supply chains outside of China subject to much higher costs, according to a data and market-intelligence... 

Court redirects Somkhele mining right expansion application back to the DMRE

By: Donna Slater     16th May 2022 Coal miner Tendele Coal Mining reports that the Pretoria High Court, on May 4, sent the miner’s application for an extended mining right and environmental management programme (EMPr) for its KwaZulu-Natal-based Somkhele mine back to the Department of Mineral Resources and Energy (DMRE) for... 

South Africa’s high-flying Jubilee creating 800 mostly long-term jobs in Zambia 

By: Martin Creamer     16th May 2022 Diversified metal recovery business Jubilee, which is rolling out an investment of R786-million in South Africa and Zambia, has offered employment and contractor opportunities to more than 800 people in Zambia, the most of which are long term, the company stated in a release on Monday. In Zambia,... 

Screenshot of website image and enhancement
Copper and cobalt in Zambia and platinum group metals and chrome in South Africa.

Lundin Mining appoints new chair

By: Creamer Media Reporter      16th May 2022 Canadian base metals miner Lundin Mining has appointed Adam Lundin as chairperson to succeed Lukas Lundin, who retired from the board at the company’s 2022 meeting. Lukas Lundin recently retired as chairperson of several boards of mining companies that his family controls, including Lundin Gold... 

Consolidated Zinc formalises lithium buy

By: Esmarie Iannucci     16th May 2022 ASX-listed Consolidated Zinc has formalised an agreement to acquire Westoz Lithium, which holds exploration tenements prospective for lithium, rare earth elements and base metals, in Western Australia. The company told shareholders on Monday that the acquisition of Westoz was an exciting... 

Troy signs away some mining rights in Brazil

By: Esmarie Iannucci     16th May 2022 Gold miner Troy Resources has struck a $4-million deal for the lease and assignment of non-core mining rights in Brazil. The company on Monday announced that it had solidified a letter of intent inked in April, allowing Brazilian company PST Empreendimentos e Participacoes over certain mining... 

US risks watching global energy race from sidelines, says association

By: Mariaan Webb     16th May 2022 The National Mining Association CEO Rich Nolan has slammed the federal appeals court’s decision to block the Rosemont copper mining project, in Arizona, warning that “flawed rulings” will ensure the US watches the global energy race from the sidelines. He was responding to last week’s split... 

Woodside and BHP merger gains steam

By: Esmarie Iannucci     16th May 2022 Oil and gas major Woodside has cleared another hurdle in its merger with major BHP’s oil and gas portfolio, with the National Offshore Petroleum Titles Administrator approving the merger under the Offshore Petroleum and Greenhouse Gas Storage Act. Woodside shareholder approval is now the only... 

Nickel Mines starts commissioning of fourth line

By: Esmarie Iannucci     16th May 2022 ASX-listed Nickel Mines has started commissioning the fourth rotary kiln electric furnace (RKEF) line at its 80%-held Angel Nickel project, in Indonesia. Each of Angel’s RKEF lines has a nameplate capacity of 9 000 t/y of nickel metal, equating to 750 t of nickel metal per month. 

WA approves A$332m port spend

By: Esmarie Iannucci     16th May 2022 The Western Australian government will invest some A$332-million into the Mid West Ports Authority's Port Maximisation project, to meet increased demand for Geraldton Port services. The Port Maximisation project will be delivered over four years, facilitating growth by allowing Mid West Ports... 

FFI firms up US hydrogen plans

By: Esmarie Iannucci     16th May 2022 The green energy arm of iron-ore major Fortescue Metals, Fortescue Future Industries (FFI) on Monday announced that it would evaluate the feasibility of converting the former Centralia coal mine, in the US, into a green hydrogen production facility. The green energy company has entered into a... 

BHP unveils new concentrator at Spence

By: Esmarie Iannucci     16th May 2022 Major BHP has cut the ribbon at the new $2.46-billion copper concentrator at its Spence operations, in Chile, which will allow the operation life to extend by some 50 years. BHP told shareholders that the project supported the company’s intention to continue growing in Chile while strengthening... 

An image of the Spence project in Chile

Miners welcome green-tape cuts in WA

By: Esmarie Iannucci     16th May 2022 The resources sector has welcomed the Western Australian government’s commitment to reducing the reporting burden on industry, with Environment Minister Reece Whitby announcing that environmental reporting requirements would be stopped or halved for more than 60% of low to medium-risk industry... 

Trevali says caught unawares by downpour that flooded Burkina mine

By: Reuters     16th May 2022 Executives at Canada-based Trevali Mining said the company was caught unawares by a torrential downpour during the dry season last month in Burkina Faso that left eight men trapped underground in its Perkoa zinc mine. Rescue efforts are continuing since the flood on April 16, but there has been... 

Trevali VP Operations Hein Frey at the mine site in Burkina Faso, where rescue operations are under way.
Trevali VP Operations Hein Frey at the mine site in Burkina Faso, where rescue operations are under way.
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