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Latest News

Fortescue signs A$90m contract with Schlam

By: Esmarie Iannucci     11th May 2022 Iron-ore major Fortescue Metals has awarded mining services provider Schlam, a multi-million-dollar supply agreement for both its product services divisions. The contract will see Schlam Payload Solutions supply Fortescue with dump bodies and buckets, while Schlam People Solutions will... 

Qld hoping for hydrogen link with the Netherlands

By: Esmarie Iannucci     11th May 2022 The Queensland government is progressing with its strategy to become a green hydrogen exporter, signing a memorandum of understanding (MoU) with the Port of Rotterdam in The Netherlands to collaborate on opportunities to develop a hydrogen export supply chain. “This landmark agreement is another... 

Australian Mines to face ASIC in court

By: Esmarie Iannucci     11th May 2022 The Australian Securities and Investment Commission (ASIC) has launched civil proceedings in the Federal Court against ASX-listed Australian Mines, claiming the company had breached its continuous disclosure obligations and accusing MD Benjamin Bell of allegedly breaching his directors’ duties.... 

Image shows the ASX building

Minerals Council spells out members’ commitment to climate change mitigation 

By: Martin Creamer     11th May 2022 Members of Minerals Council South Africa have agreed to commit to a climate change response strategy that will reduce Scope 1 and Scope 2 emissions and achieve a net zero emission by 2050 or earlier. Minerals Council South Africa senior health and environment executive Nikisi Lesufi on Tuesday... 

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Photo by Creamer Media
Minerals Council South Africa senior health and environment executive Nikisi Lesufi, closest right, with Minerals Council's Allan Seccombe, left.

US in ‘race to the top’ to solve energy supply chain vulnerabilities – Fernandez

By: Irma Venter     10th May 2022 The US has three international energy priorities, and they also relate to Africa, says US State Department Undersecretary for Economic Growth, Energy and the Environment, José Fernandez. Speaking at the Inveesting in African Mining Indaba 2022 on Tuesday, Fernandez said these priorities were... 

Image of US State Department Undersecretary for Economic Growth, Energy and the Environment, José Fernandez
José Fernandez

NUM says mining industry still too dangerous, as it commemorates Vaal Reef Disaster

By: Marleny Arnoldi     10th May 2022 The National Union of Mineworkers (NUM) on May 10 commemorated the 27-year anniversary of the Vaal Reef Disaster that resulted in 104 fatalities. As one of the deadliest events in the history of South African mining, the Vaal Reefs mine accident in 1995 marked a turning point for the mining... 

Pan African successfully commissions 10 MW solar PV plant at Evander

By: Tasneem Bulbulia     10th May 2022 Gold miner Pan African Resources says the 10 MW solar photovoltaic (PV) plant at its Evander gold miner started supplying electricity to the group’s Elikhulu surface retreatment operations, as part of its hot commissioning process, on May 6. The solar PV plant, situated at Evander, will provide... 

Ivanhoe achieves considerable milestones in the first quarter

By: Tasneem Bulbulia     10th May 2022 Canadian miner Ivanhoe Mines recorded a number of important milestones in the first quarter ended March 31. This included the early declaration of Phase 2 commercial copper production at the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo (DRC); the beginning of lateral mine... 

Gold giant Barrick is hunting for more African copper projects

By: Bloomberg     10th May 2022 Barrick Gold is searching for copper projects in both Zambia and the Democratic Republic of Congo as the gold-mining giant looks to expand in one of the world’s most-important industrial metals. Barrick already owns a copper mine in Zambia and in April laid out plans for a $7-billion copper-gold... 

Barrick Gold CEO Mark Bristow speaking at the Mining Indaba in Cape Town.
Barrick Gold CEO Mark Bristow speaking at the Mining Indaba in Cape Town.

Gold Fields’ South Deep to generate own solar at 8.5% of Eskom grid cost

By: Martin Creamer     10th May 2022 Gold Fields’ South Deep gold mine west of Johannesburg in Gauteng will be generating its own solar power at a mere 8.5% of the cost of power from the national grid. The JSE- and New York-listed company is also optimistic that it will be successful in augmenting the solar power generated with wind... 

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Gold Fields VP South Africa Martin Preece

Innovative technologies being developed in SA and Scandinavia to increase mining’s sustainability

By: Rebecca Campbell     10th May 2022 Innovative technologies to help the mining and minerals processing sectors transition to low-carbon operations and sustainability were the topic at a business breakfast hosted by the Embassies of Denmark, Finland and Sweden, in Cape Town, on Tuesday. The event was held on the fringes of the... 

South Africa keen to harness hydrogen economy opportunities, President Ramaphosa tells Indaba 

By: Martin Creamer     10th May 2022 It was just amazing to see the innovation that the mining industry is capable of scaling up, President Cyril Ramaphosa told the Investing in African Mining Indaba in his enthusiastic address on Tuesday. “Last week, I attended the launch by Anglo American of the world’s largest hydrogen-powered... 

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Photo by Creamer Media
President Cyril Ramaphosa at the Investing in African Mining Indaba.

Demand headwinds push aluminium to five-month low

By: Reuters     10th May 2022 Aluminium fell to its lowest in nearly five months on Tuesday as funds betting on lower prices due to slowing demand sold, but worries about output cuts in Europe because of high power costs are expected to provide some support. Traders said funds had been selling for some days now, initially to... 

Bauba announces permanent CEO, new FD appointments

By: Marleny Arnoldi     10th May 2022 JSE-listed diversified miner Bauba Resources has made changes to its board, including appointing Berrangé Nelson as FD and executive director. Nelson has held various financial roles in mining operations since 2011, starting with Impala Platinum Goldings before progressing to ERG Africa and... 

DRC seeking to encourage investment in mining and local beneficiation

By: Rebecca Campbell     10th May 2022 Democratic Republic of Congo (DRC) Prime Minister Jean-Michel Sama Lukonde has stressed his government’s commitment to responsibly managing the country’s mineral resources, facilitating investment in mining and promoting local minerals beneficiation. He was addressing the Mining Indaba 2022... 

Mining ceases at Abcourt's Elder

By: Mariaan Webb     10th May 2022 Gold junior Abcourt Mines on Monday announced that it would cease operations at the Elder mine, near Rouyn-Noranda, Quebec, stating that the mine had become “less and less profitable despite the efforts of all employees”. The corporation said it would proceed with a collective dismissal on August... 

Takeovers Panel steps into DRA tussle

By: Esmarie Iannucci     10th May 2022 Dual listed project management and operations management group DRA Global went into a trading halt on Tuesday, with Australian Takeovers Panel declaring ‘unacceptable circumstances’ around a management tussle within the company. In its declaration, the Takeover Panel pointed out conduct of... 

Inflation eating into Gold Fields' Chile project, CEO says

By: Reuters     10th May 2022 Surging inflation is eating into gold miner Gold Fields' contingency cost buffer for its Salares Norte project in Chile, CEO Chris Griffith said on Monday, adding that the South Africa-listed company is seeing at least 10% inflation in the regions where it operates. The Salares Norte gold... 

Shanta’s 2021 production, earnings lower but still within guidance

By: Donna Slater     10th May 2022 East Africa-focused gold producer, developer and explorer Shanta Gold reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of $19-million for the 2021 financial year, compared with the Ebitda of $63.9-million reported for 2020. Shanta owns the New Luika gold mine... 

Kaiser Reef looks to divest Stuart Town assets

By: Esmarie Iannucci     10th May 2022 Junior Kaiser Reef could potentially divest of its New South Wales Stuart Town group of tenements. The company, which has entered into preliminary discussions over the tenements, on Tuesday told shareholders that while it considered these tenements to be highly prospective for gold... 

Ora Banda starts simplification of Davyhurst

By: Esmarie Iannucci     10th May 2022 Gold miner Ora Banda Mining has started Stage 1 of its operational reset plan (ORP) as part of its plans to consolidate operations, cut costs and focus on cash generation over the next two years. The Stage 1 ORP is focused on achieving process plant stability at the 1.2-million tonne a year... 

Image shows the Davyhurst operation at  nightfall

Hudbay starts early site work at Copper World as PEA nears completion

By: Mariaan Webb     10th May 2022 Canada-based base metals miner Hudbay Minerals is set to announce plans for an initial 15-year copper mining operation in Arizona, incorporating the Copper World deposit and an alternative plan for its Rosemont deposit. The company is nearing completion of a preliminary economic assessment (PEA)... 

Hudbay starts early site work at Copper World as PEA nears completion

Artisanal and Small Scale-Mining Policy aimed at addressing illegal mining

By: Tasneem Bulbulia     10th May 2022 Illegal mining is a critical challenge in the South African mining and minerals industry and, in response, Mineral Resources and Energy Minister Gwede Mantashe on March 30 published the Artisanal and Small Scale-Mining Policy 2022 for implementation. “The policy seeks to formalise the largely... 

Altamin rejects shareholder's offer

By: Esmarie Iannucci     10th May 2022 Base metals developer Altamin is urging shareholders to reject a takeover offer from shareholder VBS Exchange. VBS earlier this month made an off-market takeover bid for Altamin, offering shareholders 9.5c in cash for all the shares it did not already own. VBS currently has a 19.73% interest in... 

Perkoa workers still missing – Trevali

By: Mariaan Webb     10th May 2022 TSX-listed Trevali Mining said on Monday that it had not yet been able to locate any of the eight underground workers who went missing when the Perkoa mine, in Burkina Faso, flooded three weeks ago. There has been no communication with the missing individuals since April 16. 

Cadastral system core to ensure re-emergence of exploration in SA 

By: Irma Venter     10th May 2022 A mining cadastral system is the most critical part of the puzzle to ensure the re-emergence of exploration in South Africa, says Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana. The country currently attracts less than 1% of global exploration spend. 

Image of Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana
Tebello Chabana

Independent expert backs Metalicity's play for Nex

By: Esmarie Iannucci     10th May 2022 An independent expert has found ASX-listed Metalicity’s bid for fellow listed Nex Metals Exploration to be both fair and reasonable to Nex shareholders. Metalicity is currently offering Nex Metals shareholders 4.81 Metalicity ordinary shares for every Nex Metals share on issue, valuing Nex... 

KGL completes capital raise

By: Esmarie Iannucci     10th May 2022 Copper developer KGL Resources has raised A$23.04-milion of a A$24.2-million target. The company in April announced a one-for-six non-renounceble entitlement offer, riced at 37c a share, to fund front-end engineering design (FEED) work at the Jervois copper project, in the Northern Territory,... 

Funds to restart Chatree secured - Kingsgate Consolidated

By: Esmarie Iannucci     10th May 2022 ASX-listed Kingsgate Consolidated has executed documentation for a $15-million bridge facility from Taurus Mining Finance Fund No 2, to support the refurbishment and restart of the Chatree gold mine, in Thailand. The first tranche of funds of $7.5-million due to be received by the end of this... 

Sibanye bides time on battery metals push as asset prices soar

By: Bloomberg     10th May 2022 Sibanye Stillwater CEO Neal Froneman plans to resume battery-metals acquisitions within two to three years, once inflated asset valuations come down. The veteran dealmaker wants to make the metals that are key to powering the electric-vehicle revolution a third pillar of Sibanye’s operations,... 

Sibanye CEO Neal Froneman
Sibanye CEO Neal Froneman

Minerals Council president urges miners to be uncompromising on safety and be inclusive

By: Rebecca Campbell     10th May 2022 Minerals Council of South Africa president Nolitha Fakude has urged South African mining companies to bring their environmental, social and corporate governance (better known as ESG) policies, programmes and reporting into line with the United Nations Sustainable Development Goals (SDGs). She was... 

South Africa has significant implementation crisis – Minerals Council 

By: Martin Creamer     9th May 2022 South Africa has a significant implementation crisis. A number of government departments and parastatals were hollowed out. Capacity is a significant issue in almost every parastatal – water authorities, Eskom, Transnet and across the board. “We’re not rushing in to take over activities because... 

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Minerals Council South Africa CEO Roger Baxter.

South Africa gearing up to negotiate ‘new paradigm’ climate finance deal 

By: Terence Creamer     9th May 2022 South Africa aims to pursue a financing solution that embraces a “different paradigm” with regard to the allocation of risk, as well as return expectations and investment horizons, when negotiating the terms and conditions of a $8.5-billion climate finance offer made in November by several... 

Presidential Climate Finance Task Team head Daniel Mminele
Presidential Climate Finance Task Team head Daniel Mminele

Open letter to Mantashe bemoans lack of SLP enforcement

By: Darren Parker     9th May 2022 In an open letter to Mineral Resources and Energy Minister Gwede Mantashe, the Sekhukhune Combined Mining-Affected Communities (SCMAC), the Centre for Applied Legal Studies (CALS) and Amnesty International South Africa (AISA) raised concerns about the Department of Mineral Resources and Energy’s... 

Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media
Mineral Resources and Energy Minister Gwede Mantashe

Ivanhoe advances underground mine development at Platreef

By: Marleny Arnoldi     9th May 2022 TSX-listed Ivanhoe Mines has announced the completion of the Shaft 1 production changeover at the company’s Platreef platinum group metals (PGMs) and copper project in South Africa’s Bushveld Complex. Shaft 1 will serve at Platreef’s initial production shaft and is about 450 m from the first... 

Gold Fields’ South Deep solar plant set for Q3 commissioning

By: Irma Venter     9th May 2022 The R715-million, 50 MW South Deep Khanyisa solar plant will be commissioned in the third quarter of this year, says Gold Fields CEO Chris Griffith. Speaking at the African Mining Indaba 2022 on Monday, he noted that the gold miner had received approval to raise the capacity of the plant to 60... 

Image of Gold Fields CEO Chris Griffith
Chris Griffith

Zambian President calls on African leaders to act, not talk, regarding economic development

By: Rebecca Campbell     9th May 2022 Zambian President Hakainde Hichilema has called for African countries to exploit their resources “properly, strategically and cleverly”. He was delivering a keynote address at the first day of the Mining Indaba 2022 conference in Cape Town, on Monday. “This calls for deliberate efforts on the... 

Zambia President Hakainde Hichilema
Photo by Creamer Media
Zambia President Hakainde Hichilema

Mining industry battling demands for 'almost immediate benefits' – Bristow

By: Irma Venter     9th May 2022 The growing tendency among governments and investors to demand almost immediate benefits is destroying the mining industry’s ability to deliver on its full potential, says Barrick Corporation CEO Mark Bristow. Speaking at African Mining Indaba 2022 on Monday, Bristow noted that a mine was like a... 

Image of Barrick Corporation CEO Mark Bristow
Mark Bristow
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