https://www.miningweekly.com
R/€ = 18.90 Change: 0.01
R/$ = 16.23 Change: 0.01
Au 1878.64 $/oz Change: 5.49
Pt 842.38 $/oz Change: -3.92
 

Latest News

Protesters sit-in at Brazil miner Vale dam burst site, demand aid extension

By: Reuters     23rd October 2020 Roughly 150 demonstrators staged a sit-in at Brazilian miner Vale's administrative building in the town of Brumadinho on Thursday to protest their treatment nearly two years after a deadly mining waste dam collapsed there, killing about 270 people. The protestors are demanding an extension of... 

Shareholders rush to Mali Lithium raise

By: Esmarie Iannucci     23rd October 2020 ASX-listed Mali Lithium has raised A$9.8-million in a heavily oversubscribed share purchase plan (SPP). The company in September announced plans for a A$6-million SPP, as part of a greater A$70-million capital raise to fund the acquisition of acquire the Morila gold mine from majors Barrick and... 

Nordgold taps Takeovers panel in Cardinal tussle

By: Esmarie Iannucci     23rd October 2020 Gold miner Nordgold has turned to the Australian Takeovers Panel in its quest to gain ownership of ASX-listed Cardinal Resources, claiming that the takeover target was providing "misleading" statements to the market and creating a false market for the company’s shares. Nordgold, which holds a... 

Federal govt backs renewables plan for WA miners

By: Esmarie Iannucci     23rd October 2020 The federal government has granted Major Project Status to the proposed Asian Renewable Energy Hub (AREH) in the Pilbara. The project is expected to generate some 26 000 MW of renewable energy, with up to 3 000 MW of the generation capacity dedicated to large energy users in the Pilbara region,... 

Federal govt backs renewables plan for WA miners

Resources skills portal launched in WA

By: Esmarie Iannucci     23rd October 2020 The Western Australian government has launched a new digital resource to link Western Australians to jobs and training opportunities in the resources sector. The online tool, accessed through the government's Jobs and Skills WA website, provides information on current and future training and... 

Aton Resources welcomes new strategic investor

By: Creamer Media Reporter      23rd October 2020 TSX-V-listed Aton Resources says it has received subscriptions for the purchase of 17.92-million units at a price of $0.40 a unit, raising gross proceeds of $7.17-million. Each unit consists of one common share and half of a share purchase warrant. Each warrant will entitle the holder to buy an... 

China, Japan to lead platinum demand rebound over next four years

By: Marleny Arnoldi     23rd October 2020 Platinum demand is set to fall by 7.2% globally this year, on the back of lower demand from the automotive and jewellery sector. Typically, these sectors account for 34% and 24% of total demand, respectively, but Covid-19 had dampened the sector’s operations and their own demand, says data and... 

Experience from other health crises shaped mining industry’s rapid pandemic response  

By: Nadine James     23rd October 2020 While virologists and risk analysts have been theorising about the effects of a global pandemic for years, few could have imagined the Covid-19 pandemic’s transformative impact on society. Even after the World Health Organisation declared Covid-19 a public health emergency in January, “how many... 

Experience from other health crises shaped mining industry’s rapid pandemic response
Minerals Council South Africa CEO Roger Baxter discusses the industry's Covid-19 response.

Eskom moves to appoint advisers to structure 'green' transaction 

By: Terence Creamer     22nd October 2020 South Africa’s coal-heavy power utility is moving to appoint financial advisers to assist it in structuring a potential transaction that could unlock discounted ‘green’ funding for the debt-laden State-owned entity in return for it meeting agreed decarbonisation targets. Eskom CEO Andre de Ruyter... 

Eskom moves to appoint advisers to structure 'green' transaction

MC Mining restarts funding discussions

By: Simone Liedtke     22nd October 2020 Coal miner MC Mining reported on October 22 that a South African company had not paid the subscription fee of about R10-million for over 7.8-million MC Mining shares, as agreed to during a September transaction. The default was not remedied within the prescribed period and MC Mining was now... 

RBPlat lifts guidance on back of record third-quarter output   

By: Marleny Arnoldi     22nd October 2020 JSE-listed Royal Bafokeng Platinum Holdings (RBPlat) achieved record platinum, palladium, gold and rhodium (4E) metals production of 124 500 oz in the third quarter, notwithstanding the impact of Covid-19 on operations to date. The company attributed the record production to an improved... 

Arch to systematically wind down thermal operations

By: Mariaan Webb     22nd October 2020 Coal mining company Arch Resources on Thursday unveiled a strategic plan for its thermal coal assets, announcing that it would systematically wind down its Powder River basin mines over the coming years, while it continued to search for a buyer. In declining demand environment, Arch said it... 

Arch to systematically wind down thermal operations

Implats says rescue of trapped workers at 20 Shaft in progress

By: Marleny Arnoldi     22nd October 2020 Platinum group metals miner Impala Platinum (Implats) has confirmed that an incident happened at its 20 Shaft, in Rustenburg, on the evening of October 21, rendering some workers in need of evacuation. The incident occurred as a result of a mechanical failure in the rock conveyance system. In... 

De Beers says rough diamond demand is ticking up

By: Marleny Arnoldi     22nd October 2020 Diamond miner De Beers' rough diamond production decreased by 4% year-on-year to 7.2-million carats in the third quarter of the year as a result of planned reductions in production to match lower demand for rough diamonds in the market, amid Covid-19. Specifically, production from the company’s... 

Freeport-McMoRan posts third-quarter profit on higher gold prices

By: Reuters     22nd October 2020 Freeport McMoRan Inc reported a quarterly profit on Thursday, compared to a loss a year earlier, benefiting from higher gold prices as uncertainty fueled by the Covid-19 pandemic pushed investors toward safe-haven assets. Net income attributable to shareholders was $329-million, or 22 cents per... 

Procurement of 11.8 GW only the ‘first step’ in full elimination of load-shedding threat – De Ruyter 

By: Terence Creamer     22nd October 2020 State-owned power utility Eskom, which is ramping up the maintenance of its unreliable and unpredictable coal power stations, anticipates that there will be a ‘step change’ in the performance of the fleet from April 2021, but has also warned that the risk of load-shedding will persist until at... 

Procurement of 11.8 GW only the ‘first step’ in full elimination of load-shedding threat – De Ruyter
Photo by Creamer Media's Donna Slater
CEO Andre de Ruyter and COO Jan Oberholzer

Resgen requests trading halt ahead of announcement

By: Simone Liedtke     22nd October 2020 Trading of energy resources company Resource Generation's (Resgen's) securities on the ASX and the JSE will temporarily be halted, at the company’s request, until October 26. The company’s decision to halt security trading follows its reliance on formalising an extension to the first repayment... 

Covid has highlighted the value of operating remotely – mining editor 

By: Martin Creamer     22nd October 2020 The extraction of data from machinery to improve decision-making is a key benefit of the digital mine and has changed the way that mines manage their assets and perform machine maintenance, Australia Mining managing editor Ben Creagh said on Wednesday. Creagh was speaking during a virtual... 

Covid has highlighted the value of operating remotely – mining editor
ifm Australia’s Freddie Coertze and Aditya Kunder.

Kore Potash starts drilling at DX Project

By: Simone Liedtke     22nd October 2020 Potash development company Kore Potash has started the planned drilling programme for Phase 1 of a definitive feasibility study (DFS) for its DX Project. Kore has a 97% interest in the Kola and DX Potash projects in the Sintoukola basin, in Congo-Brazzaville. 

Navigational safety investigation accepted for Dundas

By: Creamer Media Reporter      22nd October 2020 Exploration and development company Bluejay Mining has ticked another prerequisite for an exploitation licence for its Dundas project, in Greenland, with the acceptance of its navigational safety investigation (NSI) study. The purpose of the NSI was to verify that navigation can be carried out... 

Venturex leaps another hurdle at Sulphur Springs

By: Esmarie Iannucci     22nd October 2020 The Western Australian Department of Mines, Industry Regulation and Safety has approved the mining proposal for junior Venturex Resources’ Sulphur Springs copper/zinc project. The mining proposal approval follows on from the April environmental approval by the state’s Environmental Protection... 

South African Cabinet approves export tax on chrome ore 

By: Reuters     22nd October 2020 South Africa, the world's biggest chrome producer, has approved measures to support the domestic ferrochrome industry including through an export tax on chrome ore, according to a Cabinet statement on Thursday. "The interventions include the proposed introduction of the export tax on chrome... 

South African Cabinet approves export tax on chrome ore

Polyus says Sukhoi Log is world's largest gold deposit by reserves

By: Mariaan Webb     22nd October 2020 Sukhoi Log, in eastern Siberia, has been confirmed as the largest gold deposit among both greenfield assets and operating gold mines, with a mineral reserve containing 40-million ounces of gold, London-listed Polyus announced on Thursday. Sukhoi Log has an ore reserve estimate of 540-million... 

Polyus says Sukhoi Log is world's largest gold deposit by reserves
Sukhoi Log, in eastern Siberia, is a large untapped gold deposit.

Kumba on track to deliver full-year guidance

By: Tasneem Bulbulia     22nd October 2020 Anglo American subsidiary Kumba Iron Ore continued to achieve a good operational performance in the quarter ended September 30, demonstrating business resilience and a capacity to successfully adapt to working under Covid-19 conditions, CE Themba Mkhwanazi said on October 22. “Our first priority... 

Amplats' third-quarter PGMs output down 2% y/y

By: Simone Liedtke     22nd October 2020 By the end of the third quarter, platinum group metals (PGMs) mining company Anglo American Platinum's (Amplats') own-managed operations reached 94% of normal capacity. The Mogalakwena, Unki and Motolo operations delivered strong performances, with output up by 12%, 9% and 6%, respectively, for... 

Shovel-ready Bateman gold project commercially viable, study shows

By: Mariaan Webb     22nd October 2020 The feasibility study for the Bateman gold project, in the Red Lake gold mining camp, has demonstrated that the shovel-ready project’s commercial viability, with an after-tax internal rate of return of 50.3% and a C$305-million net present value. The maiden feasibility study, results of which... 

Challenging quarter at Resolute's Syama

By: Esmarie Iannucci     22nd October 2020 Africa-focused gold miner Resolute Mining has reported a 19% fall in production during the three months to September, following industrial action at its Syama mine, in Mali. The ASX- and LSE-listed miner on Thursday reported that gold production for the quarter ended June had reached 87 303 oz,... 

Anglo American's third-quarter production recovers from Covid-19 impact

By: Marleny Arnoldi     22nd October 2020 Diversified mining group Anglo American has posted a 24% increase in production in the third quarter, compared with the second quarter of the year, while operating at 95% of normal capacity across its subsidiaries’ operations in regions including Canada, South Africa, Australia, Finland and South... 

Anglo American's third-quarter production recovers from Covid-19 impact
Minas-Rio, in Brazil

Gold industry must seek out broader investor base

By: Mariaan Webb     22nd October 2020 Gold’s strong performance over the last year-and-a-half has piqued the interest of investors, with large pools of investor capital ready to be tapped, but it is up to the industry to introduce itself to investors, says Yamana Gold’s Peter Marrone. The CEO of London’s newest gold miner says the... 

Gold industry must seek out broader investor base
Yamana CEO Peter Marrone

S Australia unveils resources and energy plans

By: Esmarie Iannucci     22nd October 2020 The South Australian government has launched its energy and mining strategy called ‘Building on our Strengths, outlining the central role these sectors would play in delivering an early recovery from the economic downtun produced by Covid-19. Minister for Energy and Mining Dan van Holst... 

Oz Minerals adjusts full-year expectations

By: Esmarie Iannucci     22nd October 2020 Copper/gold miner Oz Minerals has increased its gold production guidance for the full year, and has lowered its expected C1 cash costs on the back of a solid third quarter. The miner on Thursday increased its gold production expectation to between 242 000 oz and 259 000 oz for the full year, up... 

Caledonia said to be eyeing one of Zimbabwe’s largest gold mines

By: Bloomberg     22nd October 2020 Caledonia Mining is interested in buying one of Zimbabwe’s largest gold operations as it embarks on an aggressive plan to acquire more assets in the country, according to a person familiar with the details. The Jersey-based gold producer is weighing an acquisition of Bilboes Gold’s... 

Liontown pursuing downstream processing in WA

By: Esmarie Iannucci     22nd October 2020 A downstream scoping study into the Kathleen Valley lithium/tantalum project, in Western Australia, has demonstrated the financial upside to an integrated mining, processing and refining operation to produce lithium hydroxide monohydrate (LHM), or lithium sulphate monohydrate (LSM). An updated... 

Santos breaks records in the third quarter

By: Esmarie Iannucci     22nd October 2020 Oil and gas giant Santos has reported record quarterly production and sales for the three months to September. Production in the third quarter increased by 22% on the June quarter, to reach a record 25.1-million barrels of oil equivalent, with Santos telling shareholders on Thursday that all... 

Woodside revenues fall on lower oil price

By: Esmarie Iannucci     22nd October 2020 Australian oil and gas producer Woodside Petroleum has reported a 9% fall in sales revenue during the three months to September, despite a 2% increase in production. Production during the three months to September reached 25.3-million barrels of oil equivalent, up 2% from the June quarter, while... 

Red 5 books solid results in Sept quarter

By: Esmarie Iannucci     22nd October 2020 Gold miner Red 5 has reported a solid quarter of production for the three months to September, with gold production reaching 20 283 oz, which was on par with the 20 707 oz produced in the June quarter. Gold sales for the three months to September also remained stable at 19 932 oz, compared with... 

Output improves for Saracen

By: Esmarie Iannucci     22nd October 2020 Gold miner Saracen Mineral Holdings has reported an increase in gold production for the three months to September, as its Carosue Dam operation delivered a record quarter. Gold production in the three months to September increased to 154 388 oz, up from the 145 830 oz produced in the June... 

Output improves for Saracen

Lefroy raises exploration funds

By: Esmarie Iannucci     22nd October 2020 Junior Lefroy Exploration will raise A$4.5-million through a share placement to fund exploration work at its namesake gold project, in Western Australia. The ASX-listed company on Thursday said that more than 18.75-million shares would be placed at a price of 24c each under its existing... 

2 3 4 5
6
7 8 9 10

Company Posts

more

More Latest News

more

Latest Videos

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Close