R/€ = 16.78 Change: 0.07
R/$ = 15.91 Change: 0.24
Au 1819.12 $/oz Change: 24.33
Pt 957.50 $/oz Change: 20.50

Latest News

Tycoon Adani’s Australia chief says shunned coal needs support

By: Bloomberg     6th May 2022 Billionaire Gautam Adani’s top executive in Australia is calling for more support for a coal sector that’s being shunned by banks and insurers in the shift away from fossil fuels. Lawmakers must protect the industry by “ensuring coal communities can access reasonably priced finance and insurance... 

Chile's parched mines race for an increasingly scarce commodity: water

By: Reuters     6th May 2022  A record-breaking drought in Chile is impacting mining operations and forcing companies to escalate their search for more sources of water, from water treatment and pricey desalination plants to even encouraging workers to use less water in the shower. The Andean nation, the world's no. 1... 

Anglo American launches much anticipated hydrogen-powered zero-emission haul truck 

By: Marleny Arnoldi     6th May 2022 Diversified miner Anglo American on May 6 launched a prototype of its first self-developed zero-emission hydrogen-powered mine haul truck, which was developed as part of its Future Smart Mining strategy. The 2 MW hydrogen-battery hybrid truck, which is stationed at the Mogalakwena platinum mine,... 

Anglo American's NuGen hydrogen-powered haul truck
Anglo American's NuGen hydrogen-powered haul truck

Robinson resigns as Goldplat chair

By: Darren Parker     6th May 2022 Aim-listed gold producer Goldplat nonexecutive chairperson Matthew Robinson has informed the company of his intention to resign as a director. He has notified the company that he would remain in his role until the next annual general meeting (AGM) to allow reasonable time for Goldplat to make... 

EPA recommends against PolyMet permit reissuing

By: Mariaan Webb     6th May 2022 TSX- and NYSE American-listed developer PolyMet Mining is facing potential setback with the Environmental Protection Agency (EPA) this week recommending that the Army Corps of Engineers should not reissue the Clean Water Act Section 404 permit for its proposed NorthMet copper/nickel project, in... 

Arcadia doubles Swanson resource

By: Esmarie Iannucci     6th May 2022 ASX-listed junior Arcadia Minerals has doubled the mineral resource estimate (MRE) for its Swanson tantalum project, in Namibia. Arcadia on Friday told shareholders that a revision of the 2021 MRE had delivered a new indicated and inferred resource of 2.59-million tonnes, an increase of 115%, at... 

Tristan Pascall becomes First Quantum CEO, new director appointed

By: Creamer Media Reporter      6th May 2022 The board of First Quantum Minerals (FQM) on Thursday appointed Tristan Pascall to the role of CEO, and added Alison Beckett as an independent director. The company in November announced that that Tristan Pascall would take over the role of CEO from his father, co-founder Philip Pascall, who... 

Lucara Diamond's quarterly revenue rises on continued market buoyancy

By: Mariaan Webb     6th May 2022 Botswana-focused Lucara Diamond Corp has reported a 28% year-on-year increase in first-quarter revenue, reflecting continued buoyancy in diamond prices and the sale of several higher value rough diamonds. The TSX-listed miner posted revenue of C$68.2-million from the sale of 80 295 ct from the... 

Jervois on track for ICO start in third quarter

By: Esmarie Iannucci     6th May 2022 ASX- and TSX-listed battery metals company Jervois remains on track to start first ore processing at its Idaho Cobalt Operations (ICO), in the US, in the third quarter of this year. Speaking at the company’s annual general meeting, non-executive chairperson Peter Johnston told shareholders that... 

Canada nickel bid is 'tip of iceberg' of BHP growth ambition

By: Bloomberg     6th May 2022 BHP Group’s unsuccessful attempt to buy a junior Canadian nickel miner last year should be seen as “almost the tip of the iceberg” for its ambitions in the resource-rich country, says one of the company’s top executives. The world’s biggest mining company sees nickel as one of three... 

Canada nickel bid is 'tip of iceberg' of BHP growth ambition

Coronado confirms abandoned talks with Arch

By: Esmarie Iannucci     6th May 2022 ASX-listed coal miner Coronado Global Resources on Friday confirmed merger talks with NYSE-listed Arch Resources. Responding to media speculation regarding a potential merger, Coronado told shareholders that the company had been in confidential discussions with Arch regarding the merger but... 

Black Rock raises A$25m for Mahenge

By: Esmarie Iannucci     6th May 2022 Graphite developer Black Rock Mining will raise A$25-million in a share placement to institutional and professional investors, to advance the development of its Mahenge project, in Tanzania. The ASX-listed company on Friday announced that it had received firm commitments for the placement of... 

Victoria hopes to improve coal mine rehabilitation

By: Esmarie Iannucci     6th May 2022 The Victorian government on Friday announced plans to improve the management for coal mine land during the rehabilitation process. Minister for Resources Jaala Pulford announced enhanced provisions would be applied to Victoria’s declared mines, making rehabilitation a priority, and allowing for... 

WA eyes green hydrogen targets

By: Esmarie Iannucci     6th May 2022 The Western Australian government is considering the implementation of a renewable hydrogen target, as a support measure to grow the renewable hydrogen industry in the region. This approach would set targets for retailers in the South West Interconnected System, Western Australia's main... 

WA to introduce Aboriginal Empowerment Unit

By: Esmarie Iannucci     6th May 2022 The Western Australian government is investing A$14.6-million to establish an Aboriginal Empowerment Unit to ensure developments in Western Australia's resources industry deliver improved outcomes for Aboriginal people. The Aboriginal Empowerment Unit will develop and implement the... 

Image shows an openpit mining operation

Only way to fix Eskom, Transnet is to work as SA Inc, conference hears 

By: Martin Creamer     6th May 2022 Putting South Africa’s 60-million people first and working as South Africa Incorporated – SA Inc – is the only way to solve the problems of this country’s biggest State-owned enterprises, Eskom and Transnet. This message was put out loudly and clearly during a panel discussion at McCloskey’s... 

Picture supplied
Sereti CEO Mike Teke

Magazine round up | 06 May 2022 

6th May 2022 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine cover
Magazine round up | 06 May 2022

As drone deployment continues to expand, miners unearth whole-of-mine uses

By: Donna Slater     6th May 2022 The use of drones and ground-based robotics is evolving to such an extent locally that various companies are using them in all aspects of their operations, which is resulting in “bun fights” about which department gets to use the devices and payloads, says Dwyka Mining Services MD Jamie van... 

Magazine cover image

Gordhan says Eskom restructuring will avert ‘protracted failure’ of utility 

By: Terence Creamer     5th May 2022 Public Enterprises Minister Pravin Gordhan acknowledged that Eskom is in crisis but has dismissed suggestions that the utility is broken and heading for a “protracted failure”, saying that the restructuring under way will result in the emergence of a “completely different entity”. Speaking at the... 

Public Enterprises Minister Pravin Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Mbalula recommends a people-centred just transition

By: Schalk Burger     5th May 2022 Transport Minister Fikile Mbalula has said a just transition is about improving the lives and livelihoods of all South Africans, particularly those that are bearing the brunt of climate impacts, and protecting and empowering workers and communities, as the country navigates the shift away from... 

Transport Minister Fikile Mbalula
Photo by Reuters
Transport Minister Fikile Mbalula

De Beers introduces pioneer blockchain-backed diamond source platform at scale

By: Tasneem Bulbulia     5th May 2022 Diamond miner De Beers Group is deploying the Tracr blockchain platform at scale for its diamond production. The group says Tracr is the world’s only distributed diamond blockchain that starts at the source and provides tamper-proof source assurance at scale, enabling sightholders to provide a... 

An image showing De Beers sighting
Tracr enables sightholders to provide a fixed record of a diamond’s origin

World Coal Association favours just energy transition to net zero future 

By: Martin Creamer     5th May 2022 The World Coal Association, and its member companies, are in favour of a just transition to a net zero future, World Coal Association chairperson July Ndlovu said on Thursday. In his keynote address to the Southern African Coal Conference, Ndlovu emphasised the sincerity of the association’s... 

Creamer Media photograph
Photo by Creamer Media
World Coal Association chairperson July Ndlovu

BHP scours for ways to accelerate giant fertiliser project

By: Bloomberg     5th May 2022 BHP Group is looking at ways to speed up development of a $5.7-billion potash project in Canada at a time when creaking supply chains are pushing up crop nutrient prices. BHP Group President Minerals Americas Ragnar Udd was in Saskatchewan, Canada, last week evaluating acceleration options,... 

Sibanye says unions using gold strike to leverage platinum deal

By: Bloomberg     5th May 2022 Sibanye-Stillwater said the almost two-month long strike at its South African gold mines is being used as leverage by labor unions for upcoming wage negotiations at its platinum operations. South African miners, including Anglo American Platinum Ltd. and Impala Platinum Holdings Ltd., are... 

LBMA reinstates accreditation of Kyrgyz gold refinery

By: Reuters     5th May 2022 The London Bullion Market Association (LBMA) has reinstated accreditation of a precious metals refinery in Kyrgyzstan, it said on Wednesday, allowing it to sell metal in the London market. The LBMA had suspended accreditation of Kyrgyzaltyn JSC in September, citing the refinery's failure to meet... 

Glencore enters strategic partnership with lithium recycler

By: Creamer Media Reporter      5th May 2022 Commodities giant Glencore has announced a strategic partnership with NYSE-listed lithium-ion battery recycler Li-Cycle, as part of its strategy of combining primary and recycled battery raw materials to produce battery-grade end products. In terms of the agreement, Glencore will procure... 

Caledonia appoints new nonexec director

By: Donna Slater     5th May 2022 Gold miner Caledonia Mining Corporation which operates the Blanket mine, in Zimbabwe, has appointed Gordon Wylie independent nonexecutive director, with immediate effect. He holds a bachelor’s degree with honours in geology from the University of Glasgow, a management diploma from the University... 

Centerra delivers strong Q1 results but has no timeline for Öksüt plant restart

By: Creamer Media Reporter      5th May 2022 Canada-based Centerra Gold on Thursday delivered solid first-quarter results, with higher gold and copper production despite the plant shutdown at its Öksüt mine, in Turkey, in early March. The company produced 93 784 oz of gold and 20.6-million pounds of copper at an all-in sustaining cost on a... 

Gold Fields lifts first-quarter output despite macroeconomic challenges 

By: Darren Parker     5th May 2022 Despite facing various global challenges, JSE-listed gold miner Gold Fields achieved a 7% year-on-year increase in attributable equivalent gold production for the quarter ended March 31. While the 580 000 oz of gold produced in the quarter was 8% lower quarter-on-quarter, Gold Fields said it... 

Gold Fields CEO Chris Griffith
Gold Fields CEO Chris Griffith

Sibanye suspends gold guidance, but reports strong first-quarter earnings 

By: Donna Slater     5th May 2022 JSE- and NYSE-listed precious and battery metals miner Sibanye-Stillwater has reported adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of R13.66-billion ($898-million) for the quarter ended March 31. This marks a 31% year-on-year decrease from the record Ebitda of... 

An image of Sibanye-Stillwater's Kroondal operation
Sibanye-Stillwater's Kroondal operation

Endeavour accelerates Ity optimisation project

By: Mariaan Webb     5th May 2022 Gold miner Endeavour Mining has accelerated the launch of the construction of a recyanidation circuit at its Ity operation, with the additional circuit forming part of its optimisation initiatives at the Côte d’Ivoire-based mine. The company on Thursday announced the $41-million investment,... 

The Ity operation in Cote d'Ivoire
Photo by Endeavour Mining
The Ity operation in Cote d'Ivoire

Kairos launches strategic review

By: Esmarie Iannucci     5th May 2022 Junior Kairos Minerals has launched a strategic review of the company’s minerals project portfolio and costs across the board. The strategic review, which will be done with the assistance of an independent third party, will assess the company’s Pilbara lithium and gold assets as well as the Roe... 

OM Holdings invests $120m for bigger stake in Sarawak smelter

By: Esmarie Iannucci     5th May 2022 ASX-listed OM Holdings has made a $120-million offer to acquire the remaining 25% interest in Malaysian operating subsidiaries OM Sarawak and OM Samalaju. OM Holdings, through its wholly owned subsidiary OM Materials, currently owns a 75% interest in both of these companies, with joint venture... 

Iridium, platinum and labour woes make headlines   

5th May 2022 Mining Weekly Editor Martin Creamer discusses the need for South Africa to make known its iridium supply status to advance the hydrogen economy; for the first time, the coins used in the Wimbledon finals will be made of platinum, this in the year of the Queen’s platinum jubilee; and how can South... 

Photo of Martin Creamer
Iridium, platinum and labour woes make headlines

Canada in 'active discussions' with EV supply chain companies - Minister

By: Reuters     5th May 2022 Canada is talking to a number of companies interested in setting up production in the electric vehicle (EV) supply chain, the industry minister said, as the government seeks to cut carbon emissions to net zero by 2050 and play a role in the shift toward greener cars. There are "very active... 

An image of Francois-Philippe Champagne
Francois-Philippe Champagne

Albemarle raises annual outlook on surging lithium prices

By: Reuters     5th May 2022 Albemarle, one of the world's biggest producers of lithium, raised its full-year forecasts on Wednesday after surpassing quarterly profit expectations on robust demand and higher prices for the metal used in electric-vehicle batteries. The improved outlook also came in above market estimates and... 

Rio hopes for bigger spending on growth projects

By: Esmarie Iannucci     5th May 2022 Diversified miner Rio Tinto is hoping to increase its investment in growth capital to $3-billion a year, by 2023 to 2024, with a focus on energy commodities, including iron-ore. CEO Jakob Stausham told the company’s annual general meeting on Thursday that the company was well placed to grow and... 

Image shows the Rio Tinto logo

OreCorp pushes back Nyanzaga development

By: Esmarie Iannucci     5th May 2022 On-going skills and labour shortages have forced ASX-listed OreCorp to push back the timeline for the definitive feasibility study (DFS) for its Nyanzaga gold project, in Tanzania. The company in October last year told shareholders that completion date for the DFS was targeted for the end of the... 

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