R/€ = 16.92 Change: -0.08
R/$ = 16.21 Change: -0.05
Au 1799.31 $/oz Change: -24.82
Pt 939.50 $/oz Change: -24.50

Latest News

Glencore keeps apace of McArthur River obligations

By: Esmarie Iannucci     3rd May 2022 Diversified miner Glencore on Tuesday reported that an Independent Monitor report at its McArthur River zinc mine, in the Northern Territory, has found that the mine continued to avoid or minimise potential environmental risks through proactive management and monitoring across a wide range of... 

Bowen Coking Coal readies second coal mine

By: Esmarie Iannucci     3rd May 2022 Coal miner Bowen Coking Coal has appointed and mobilised mining contractor BUMA Australia to provide mining services at its Broadmeadow East mine, in Queensland. Bowen said on Tuesday that there was also an option to extend the mining services to the Burton mine. 

Sandstorm fortifies precious-metals focus with acquisitions worth $1.1bn

By: Mariaan Webb     3rd May 2022 NYSE- and TSX-listed Sandstorm Royalties on Monday announced two acquisitions, which would significantly upsize its scale and size, as well as fortify its focus on gold, silver and copper exposure. The company would buy the issued and outstanding common shares of precious metals-focused royalty... 

Nutrien raises potash sales guidance on strong global demand

By: Mariaan Webb     3rd May 2022 Canada-based fertiliser company Nutrien has raised its potash sales volume guidance for the year as it steps up its production capabilities owing to strong global demand amid supply uncertainties from Eastern Europe. The TSX- and NYSE-listed firm said it would sell between 14.5-million and... 

An image of Nutrien's Allan operation
Nutrien's Allan operation

Ionic adds to Makuutu resource

By: Esmarie Iannucci     3rd May 2022 Rare earths developer Ionic Rare Earths has reported a 70% increase in the mineral resource estimate for its Makuutu project, in Uganda. The project is estimated to host a mineral resource of 532-million tonnes, at 640 parts per million (ppm) total rare earths, with the indicated resource... 

Northern Star's exploration investment pays off

By: Esmarie Iannucci     3rd May 2022 Gold miner Northern Star Resources A$140-million commitment to exploration over the last 12 months has paid off, with the miner reporting that group mineral resources had remained stable at 56.4-million ounces, despite mining depletion and portfolio optimisation. Northern Star on Tuesday... 

Carbine buys new silica sands project

By: Esmarie Iannucci     3rd May 2022 Junior Carbine Resources has struck a deal to acquire the Sandbox silica sands project, in Far North Queensland, from FNQ Sands. Under the terms of the agreement, Carbine Resources would issue more than 166.66-million shares, at deemed price of 3c each, in two tranches. The first tranche will... 

Nickel Mines readies for first revenue from Angel

By: Esmarie Iannucci     3rd May 2022 ASX-listed Nickel Mines has been granted an Izin Usaha Industri (IUI) or Industrial Business Licence at its 80%-held Angel Nickel project, in Indonesia, allowing it to start commercial sales of nickel. First sales from Angel Nickel is now being targeted for later this month. 

Paladin shareholders flock to raising

By: Esmarie Iannucci     3rd May 2022 Uranium hopeful Paladin Energy has raised A$15-million through a share purchase plan (SPP), which formed part of a greater A$215-million capital raise to restart operations at the Langer Heinrich uranium mine, in Namibia. The ASX-listed company said on Tuesday that the SPP had been... 

South Africa would do well to highlight its key iridium status to world that needs this very rare metal  

By: Martin Creamer     3rd May 2022 South Africa would do well to highlight its key iridium supply status to gain the full confidence of a world that requires this very rare platinum group metal (PGM) to advance the fast-moving hydrogen economy. Iridium is a potent co-roleplayer with PGM stalwart platinum when it comes to... 

Creamer Media picture
SFA Oxford CEO Henk de Hoop interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Fertiliser buyers are eyeing Canada to fill global potash deficit

By: Bloomberg     3rd May 2022 Canada’s ample potash deposits are drawing “high levels” of interest around the world since sanctions upended global fertilizer markets. Saskatchewan is capturing “renewed interest” in its potash resources due to disrupted supplies of the key fertilizer from Belarus and Russia, according to... 

An image of potash

Burkina Faso investigates mine flood as search for eight workers drags on

By: Reuters     3rd May 2022 Burkina Faso's government has launched a judicial investigation into a flood at a zinc mine that left eight workers trapped, with rescue efforts entering a third week, it said. Canada-based Trevali Mining Corp suspended operations at its Perkoa mine on April 16, when heavy rainfall caused flash... 

'Painful' protests reflect years of broken promises in Peru

By: Bloomberg     3rd May 2022 The head of Peru’s biggest mine says a swift solution to rising social unrest in the country is within reach if authorities and politicians agree to address the central problem: management of public funds. Peru, the world’s No. 2 copper and zinc supplier and a major producer of silver and gold,... 

An image of Victor Gobitz
Antamina CEO Victor Gobitz

Biden’s team puts up more than $3bn to boost US battery output

By: Bloomberg     3rd May 2022 The Biden administration will spend more the $3-billion to support the domestic manufacturing of advanced batteries used in electric vehicles and energy storage, officials said Monday. About $3.16-billion in grants will be made available to produce key metals for the batteries, such as lithium,... 

Rich nations scramble to seal coal transition deals before COP27

By: Bloomberg     3rd May 2022 As they prepare for the next round of global climate talks in November, officials from rich countries are trying to pull together a series of multibillion-dollar packages to help poor countries phase out coal. But negotiations have been snarled by national politics and Russia’s war in Ukraine,... 

Truck transporting coal

EQ Resources fully funded for tungsten project

By: Esmarie Iannucci     2nd May 2022 ASX-listed EQ Resources is fully funded for the development of its Mt Carbine expansion project. The company on Monday reported that it had secured commitments from its joint venture and offtake partner German Cronimet Group, as well as from its director Zhui Pei Yeo for A$5.7-million in... 

Cokal readies for start at BBM

By: Esmarie Iannucci     2nd May 2022 ASX-listed Cokal has mobilised its mining contractor to the Bumi Barito Mineral (BBM) mine, in Indonesia. Cokal said on Monday that the mobilisation was part of the final preparations to start mining and production at BBM. Mining is currently scheduled to start on July 28. “This is the most... 

Alkane adds to Rosswell resource

By: Esmarie Iannucci     2nd May 2022 Gold miner Alkane Resources has reported a 37% increase in the global mineral resource at its Roswell deposit, at its Tomingley project, in New South Wales. The Roswell resource is now estimated to contain some 14.1-million tonnes, at 2 g/t gold for 904 000 oz of contained gold. 

Liontown sets LG offtake in stone

By: Esmarie Iannucci     2nd May 2022 Lithium developer Liontown Resources has inked an binding offtake agreement with South Korean-based LG Energy Solutions to provide, enacting a term sheet signed earlier this year. Under the terms of the agreement, LG will purchase 100 000 t of spodumene concentrate from the Kathleen Valley... 

Aeris completes first part of major capital raise

By: Esmarie Iannucci     2nd May 2022 ASX-listed Aeris Resources has raised an initial A$74-million through a fully underwritten share placement and institutional entitlement offer. The company last week announced plans to raise A$117-million in a share placement and a a 1-for-4.22 pro-rata, accelerated non-renounceable entitlement... 

WA launches A$12m resource hunt

By: Esmarie Iannucci     2nd May 2022 The Association of Mining and Exploration Companies (Amec) has welcomed a A$12-million investment by the Western Australian government into a state-wide passive seismic survey to unlock more resources. Minister of Mines and Petroleum Bill Johnston on Monday announced that the WA-Array programme... 

Image shows trays of core samples

FFI moves to power New Zealand

By: Esmarie Iannucci     2nd May 2022 Green energy developer Fortescue Future Industries (FFI) and New Zealand’s largest gas network, Firstgas Group will the development of green hydrogen projects, with the aim of continuing to decarbonise New Zealand’s energy system, and to help improve energy security. FFI and Firstgas have... 

South32 takes a bigger stake in Brazilian bauxite mine

By: Esmarie Iannucci     2nd May 2022 Diversified miner South32 has completed the acquisition of an additional 18.2% interest in the Mineração Rio do Norto (MRN) bauxite mine, in Brazil, from Alcoa Corporation, taking its stake in the project to 33%. “We are pleased to complete the acquisition of an additional interest in MRN,... 

South32 Graham Kerr
South32 Graham Kerr

Peru mine disruption to continue as MMG fails to oust protestors

By: Bloomberg     2nd May 2022 MMG is facing the possibility of a prolonged disruption at its copper mine in Peru after failing to clear the site of all protesters in an operation that has further inflamed tensions with indigenous groups. The Hong Kong-listed company’s security personnel teamed up with police this week in... 

Peru mine disruption to continue as MMG fails to oust protestors

 Codelco says it is optimistic about copper price for 2022

By: Reuters     29th April 2022 Chilean state-owned mining company Codelco is optimistic about copper prices for 2022 boosted by higher demand, its president Maximo Pacheco said on Friday during a press conference. Pacheco, who spoke after a meeting with shareholders and Finance Minister Mario Marcel and Mining Minister... 

Western Potash secures C$85m credit financing to complete Saskatchewan project

By: Mariaan Webb     29th April 2022 Development-stage company Western Potash on Friday announced a C$85-million term loan financing transaction with Appian Capital Advisory to enable the company to complete the remaining construction and development of the Milestone Phase 1 project, in Saskatchewan, Canada. The loan transaction,... 

Zambia's ZCCM-IH to appoint adviser to restructure Mopani Copper Mines

By: Reuters     29th April 2022 Zambia's state mining investment firm ZCCM-IH is in the process of appointing a financial adviser to restructure Mopani Copper Mines and help find an investor for the copper mine, board chair Dolika Banda said on Friday. The appointment is "imminent", Banda said, adding that ZCCM should find a... 

Zondo wants Alexkor directors, diamond dealers to be probed for fraud

By: News24Wire      29th April 2022 A decade after the state-owned diamond company Alexkor became a site of Gupta influence and corruption, the Judicial Commission of Inquiry into State Capture issued a long list of recommendations to pursue perpetrators. In its report, released on Friday, the commission details how former minister... 

Trafigura seeks control of Zimbabwe’s metals for unpaid debts

By: Bloomberg     29th April 2022 Trafigura Group and Zimbabwe’s government have discussed a deal that would give the commodities trader control over output from some of the nation’s biggest mines as repayment for debts, documents seen by Bloomberg show. Under the agreement, Trafigura will be paid $225.6-million by nickel- and... 

Dwyka to make tech tangible at Mining Indaba, conduct live virtual walkabouts

By: Donna Slater     29th April 2022 Pan-African mining technology platform Dwyka Mining Services plans to have key technology partners join its team at the upcoming Investing in African Mining Indaba 2022 to offer their view of mining technology in an effort to “make tech tangible” for Dwyka customers. “Making technology tangible... 

A drone in a mine
Technology, such as drones outfitted with LiDAR SLAM-based scanners, are helping miners map previously inaccessible areas. These will be showcased by Dwyka at Mining Indaba

Orion set for successful second half following strong March quarter  

By: Tasneem Bulbulia     29th April 2022 JSE- and ASX-listed Orion Minerals recorded a productive March quarter, with several significant developments across its business, which the company expects will deliver important outcomes in the second half of the year, MD and CEO Errol Smart says. In terms of project development, an early... 

Chile's March copper production falls 7.2%

By: Reuters     29th April 2022 Copper output in Chile, the world's largest producer of the metal, fell 7.2% year on year to 462,360 tonnes in March, the country's statistics agency INE said on Friday. The agency said that there was "less ore processing in important companies in the sector." The Chilean Copper Commission... 

GoviEx ramps up at Mutanga, targeting feasibility study

By: Tasneem Bulbulia     29th April 2022 Canadian-based GoviEx Uranium has started its 2022 field programme at its 100%-owned and mine-permitted Mutanga uranium project, in Zambia, which is planned to be developed following the company’s flagship Madaouela uranium project, in Niger. The field programme will target key aspects that will... 

Jupiter weathers challenging year

By: Tasneem Bulbulia     29th April 2022 ASX-listed Jupiter Mines achieved group net profit after tax of $54-million for the financial year ended February 28, down 20% from the previous year. Its share of profits generated by subsidiary Tshipi é Ntle Manganese Mining was $42.8-million, down 32%, owing to continued low manganese prices... 

World lacks time, not minerals for climate-saving technology

By: Bloomberg     29th April 2022 The world isn’t cutting greenhouse gas emissions with anything like the speed required to avoid the most dangerous effects of climate change, as the latest United Nations climate report published this month affirmed. Despite this, it’s become a trope of sorts to warn that we’re in danger of going... 

World lacks time, not minerals for climate-saving technology

Putin is discussing the idea of pegging the rouble to gold - Kremlin

By: Reuters     29th April 2022 A powerful Russian security official said this week linking the rouble to bullion could give Russia more "sovereignty" over its financial system, which has been battered by Western sanctions since Moscow sent troops into Ukraine on February 24. Asked about the idea on a conference call with... 

Sylvania aiming for higher output in the fourth quarter

By: Tasneem Bulbulia     29th April 2022 Aim-listed Sylvania’s Dump Operations (SDO) produced 15 840 oz of platinum, palladium, rhodium and gold (4E) platinum group metals (PGMs) in the third quarter to March 31. SDO recorded $47.9-million net revenue for the quarter, enhanced by strong PGM basket prices. 

MC Mining investigates marketing alternatives to ride price boom; Uitkomst output rises 

By: Donna Slater     29th April 2022 Coal miner MC Mining’s 70%-owned Uitkomst colliery increased its run-of-mine production by 7% year-on-year to 124 144 t in the first quarter of the year. Sales of high-grade peas and duff, totalling 62 751 t, were achieved in the period, up from the 53 512 t sold in the first quarter of 2021.  

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