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

Biden won’t ban fracking, but his clean grid would choke gas

By: Bloomberg     19th October 2020 During a town hall meeting Thursday, Democratic presidential nominee Joe Biden again assured shale producers that he wouldn’t ban fracking if elected. Then, in virtually the same breath, he touted his $2-trillion clean-energy plan, which aims to edge natural gas out of the power mix within 15... 

South32 retains production outlook

By: Esmarie Iannucci     19th October 2020 Diversified miner South32 has reported an increase in coal and manganese production in the first quarter ended September, with the miner maintaining its production guidance for all of its operations for the full 2021. Energy coal production for the first quarter increased by 20% on the fourth... 

South32 retains production outlook
South32 CEO Graham Kerr

Welborn steps down at Resolute

By: Esmarie Iannucci     19th October 2020 The board of gold miner Resolute Mining has started the hunt for a new CEO after MD and CEO John Welborn handed in his resignation. Welborn has been at the helm of resolute for five years. 

Cimic to sell half of Thiess

By: Esmarie Iannucci     19th October 2020 ASX-listed Cimic has announced the sale of a 50% interest in mining services provider subsidiary Thiess, which values the company at A$4.3-billion. Cimic on Monday announced that it had entered into an agreement with funds advised by UK-based Elliott for the sale of a 50% interest in Thiess,... 

Hydrogen fast-tracking will be much quicker than imagined – Sibanye-Stillwater  

By: Martin Creamer     19th October 2020 The fast-tracking of the hydrogen economy will be much quicker than most people have imagined, Sibanye-Stillwater CEO Neal Froneman said at the Financial Times (FT) Commodities Mining Summit, where he was part of a panel that included Anglo American Platinum CEO Natasha Viljoen and South32 CEO... 

Hydrogen fast-tracking will be much quicker than imagined – Sibanye-Stillwater
Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

Escondida supervisers agree on labour deal, strike threat averted

By: Reuters     17th October 2020 The union of supervisers at BHP's Escondida mine in Chile on Friday said it had reached an agreement on a labour deal, averting the threat of a strike at the world´s largest copper deposit. The new contract with the mine operator was approved in a 58% to 41% vote by the union´s members.... 

Kinross Gold considers moving primary listing to London - report

By: Reuters     17th October 2020 Canadian gold miner Kinross Gold is considering moving its primary stock listing to London and selling its North and South American gold mines, The Globe and Mail reported on Friday, citing three sources familiar with the discussions. The miner is also considering doubling down on its portfolio... 

Newmont CEO sees copper growth, not worried about Barrick takeover

By: Reuters     17th October 2020 Copper will account for up to one-fifth of the metal produced by top gold miner Newmont by the end of the decade through development of its existing portfolio, the miner's chief executive said on Friday. "Simply developing, and shepherding through and stewarding our organic project pipeline, we... 

Newmont CEO sees copper growth, not worried about Barrick takeover
Newmont CEO Tom Palmer

Coal mine disposal exacerbating carbon emissions problem – Glencore  

By: Martin Creamer     16th October 2020 The disposal of thermal coal mines in response to environmental, social and governance (ESG) investors is not lowering carbon dioxide (CO2) emissions but exacerbating the problem, Glencore CEO Ivan Glasenberg pointed out on Friday. Questioned by Financial Times (FT) natural resources editor Neil... 

Coal mine disposal exacerbating carbon emissions problem – Glencore
Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

SMB-Winning aims to bring Guinea's Simandou iron ore to market in 2025

By: Reuters     16th October 2020 China-backed consortium SMB-Winning aims to bring blocks 1 and 2 of Guinea's massive Simandou iron-ore deposit into production by 2025, chairmperson Fadi Wazni said on Friday, a tight timetable for a huge mine and infrastructure project. The consortium - which includes Société Minière de Boké... 

Barrick a 'long way off' deal with PNG in mine dispute, CEO says

By: Reuters     16th October 2020 Barrick Gold CEO Mark Bristow on Friday said the Canadian miner is a "long way off" from reaching agreement with Papua New Guinea (PNG) over the disputed Porgera gold mine. Prime Minister James Marape said on Thursday the Porgera mine, a joint venture between Barrick and China's Zijin Mining ,... 

Barrick a 'long way off' deal with PNG in mine dispute, CEO says
Barrick CEO Mark Bristow

Galileo completes Africibum acquisition

By: Marleny Arnoldi     16th October 2020 Aim-listed Galileo Resources has finalised the acquisition of Africibum and its five prospecting licences in the North East Kalahari Copperbelt project, in Botswana. The transaction also includes two mining tenement applications that Africibum had submitted. 

Minerals Council bemoans lack of competiveness focus in economic recovery plan 

By: Marleny Arnoldi     16th October 2020 The Minerals Council South Africa says the Economic Reconstruction and Recovery Plan – unveiled by President Cyril Ramaphosa on October 15 to a joint hybrid sitting of Parliament – does not go far enough in addressing areas where South Africa can improve its global competitiveness. While the... 

Transnet shuts down Saldanha iron-ore terminal for maintenance

By: Marleny Arnoldi     16th October 2020 Coinciding with Transnet Freight Rail’s ten-day shutdown of its iron-ore rail corridor for maintenance, Transnet Port Terminals has also shut down the Saldanha Iron Ore Terminal, on October 16. The terminal’s shutdown forms part of the port authority’s annual maintenance plan for mechanical,... 

Kepco cancels investment in South African coal energy plant

By: African News Agency      16th October 2020 South Korea’s State-owned power utility Kepco will either cancel its investment in coal-driven South African independent power producer Thabametsi, or transition the project to gas. A statement issued on Friday by Seoul-based nongovernmental organisation Solutions for Our Climate said Kepco... 

Business welcomes recovery plan, but urges swift implementation 

16th October 2020 Organised business formations have responded to the Reconstruction and Recovery Plan released by President Cyril Ramaphosa on October 15. On the whole, business has welcomed the plan, including the fact that it embraces many of the recommendations made to government by the social partners through... 

Business welcomes recovery plan, but urges swift implementation
President Cyril Ramaphosa

Global nickel output to fall 7.4% this year

By: Creamer Media Reporter      16th October 2020 Global nickel production is expected to decline by 7.4% to 2.19-million in 2020, data and analytics company GlobalData says, citing the temporary suspension of mines caused by the Covid-19 pandemic and the advancement of Indonesia’s export ban. Indonesia’s mine production is expected to fall to... 

Russian diamond producer Alrosa's third-quarter output down 24%

By: Reuters     16th October 2020 Russian diamond producer Alrosa's third-quarter production fell 24% year on year but was up 62% from the previous quarter to 9.2-million carats, it said on Friday. Alrosa, the world's largest producer of rough diamonds, said coronavirus-hit demand started to recover in August but it added a... 

Report discusses challenges, options as world continues to drive decarbonisation agenda 

By: Simone Liedtke     16th October 2020 While the global shift from fossil fuels to renewables is helping new ecosystems and technologies to emerge, many of the pursued steps towards decarbonisation pose unique challenges. Many participants in the energy and resources industries have declared an intention to become carbon neutral by... 

Report discusses challenges, options as world continues to drive decarbonisation agenda
Deloitte's Andrew Lane discusses the company's new global report and value beyond compliance with Creamer Media journalist Simone Liedtke. Video: Recorded on Zoom. Editing: Creamer Media's Nicholas Boyd.

Electricity regulations amended to allow municipalities to develop or buy power  

By: Terence Creamer     16th October 2020 Mineral Resources and Energy Minister Gwede Mantashe has gazetted amendments to the electricity regulations for new electricity generation capacity, opening the way for “municipalities in good financial standing to develop their own power generation projects”.  The Gazette notice amends the... 

Electricity regulations amended to allow municipalities to develop or buy power
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Nevada Copper appoints acting CEO as Covid scuppers Spencer’s relocation plans

By: Mariaan Webb     16th October 2020 Toronto-listed Nevada Copper has appointed former Glencore executive Mike Ciricillo as acting CEO to take over from Evan Spencer. The company explains that Covid-19-pandemic-related delays in obtaining work permits have restricted the ability of Spencer – an Australian mining executive – to... 

Court approves Nemaska Lithium sale

By: Creamer Media Reporter      16th October 2020 The Superior Court of Quebec has approved the sale of Nemaska Lithium to a group comprising Orion Mine Finance, Investissement Québec and Pallinghurst, acting through a new entity named Quebec Lithium Partners. The creditors bid, announced in August, emerged from a sale or investor solicitation... 

Delaware Supreme Court affirms Sibanye deal price decision

By: Simone Liedtke     16th October 2020 The Delaware Supreme Court has affirmed the favourable decision by the Delaware Court of Chancery regarding dual-listed Sibanye-Stillwater’s decision to uphold the price of its acquisition of Stillwater Mining Company. The action was brought by a group of dissenting Stillwater shareholders,... 

PTM completes share sale to major shareholder

By: Simone Liedtke     16th October 2020 TSX- and NYSE-listed Platinum Group Metals (PTM) has closed the private placement to existing major beneficial shareholder Hosken Consolidated Investments (HCI) through its subsidiary Deepkloof. Closing of the private placement raised gross proceeds of $2.5-million for PTM and allows HCI to... 

Equipment ordered for Premier gold mine restart – Ascot

By: Creamer Media Reporter      16th October 2020 Toronto-listed Ascot Resources has signed an agreement for the delivery of the semi-autogenous grinding (SAG) and ball mills, which is critical path, long lead time equipment required in the refurbishment of the concentrator facility for restarting the past producing Premier gold mine, in British... 

Canada orders security review of Shandong’s Hope Bay buy

By: Mariaan Webb     16th October 2020 The Federal Cabinet of Canada has ordered a national security review of China-based Shandong Gold’s acquisition of TMAC Resources, which owns the Hope Bay property in Nunavut. TSX-listed TMAC says it believes the transaction has a strong overall net benefit to Canada and that it does not pose a... 

 Canada orders security review of Shandong’s Hope Bay buy

Rio Tinto vows to do better as Australian lawmaker accuses industry of cultural genocide

By: Reuters     16th October 2020 Outgoing Rio Tinto Chief Executive Jean-Sébastien Jacques said on Friday the miner was committed to reform after a lawmaker accused the industry of incremental cultural genocide at an Australian inquiry into the destruction of an ancient cave. Speaking for a second time at a parliamentary... 

Cornerstone says SolGold’s hostile bid fails

By: Mariaan Webb     16th October 2020 TSX-V-listed Cornerstone Capital Resources has claimed victory in defending against a hostile bid from SolGold – its joint venture partner in the Cascabel concession, in Ecuador. Cornerstone said that SolGold’s hostile bid expired on October 14, without any common shares being taken up.... 

Iluka shareholders agree to demerger

By: Esmarie Iannucci     16th October 2020 The shareholders of mineral sands miner Iluka have voted in favour of the demerger of Deterra Royalties. The company in September announced plans to demerge the royalty business, which will result in two independently listed ASX companies. Iluka would retain its portfolio of mineral sands... 

Iluka shareholders agree to demerger

Nickel Mines secures more capacity

By: Esmarie Iannucci     16th October 2020 ASX-listed Nickel Mines has signed a memorandum of understanding (MoU) to acquire a 70% interest in a development project within the Indonesia Weda Bay Industrial Park (IWIP). The development project with PT Angel Nickel Industry (ANI), and in collaboration with Nickel Mine’s largest... 

Vares proves up for Adriatic

By: Esmarie Iannucci     16th October 2020 A prefeasibility study (PFS) into the Vares silver project, in Bosnia & Herzegovina, has estimated that the project would require a capital investment of $173-million. LSE- and ASX-listed Adriatic Metals told shareholders this week that the PFS estimated a net present value of $1.04-billion and... 

Vares proves up for Adriatic

First gold pour at Castle Mountain

By: Creamer Media Reporter      16th October 2020 Miner Equinox Gold has poured first gold from its Castle Mountain gold mine in California. "Pouring first gold at Castle Mountain, our newest producing mine in the Americas and our second operating mine in California, launches what will be a long-life flagship asset for the company," commented... 

First gold pour at Castle Mountain

Rio’s CEO says miner made key changes since heritage blasts

By: Bloomberg     16th October 2020 Rio Tinto Group has made key changes to its cultural heritage management since the May explosions that damaged two Aboriginal Australian sites, outgoing CEO Jean-Sebastien Jacques told a Parliamentary hearing Friday. The miner is modernizing agreements with traditional landowners, won’t enforce... 

Rio’s CEO says miner made key changes since heritage blasts
CEO Jean-Sebastien Jacques

Codelco says operations normal, aims to meet 2020 output targets

By: Reuters     16th October 2020 Chilean State-run copper miner Codelco is producing at full capacity and aims to meet its 2020 output targets, its CEO said on Thursday, noting that the coronavirus pandemic was now under control with a low infection rate. The pandemic hit Chile in March, forcing Codelco, the world's top copper... 

Rio Tinto keeps ticking

By: Esmarie Iannucci     16th October 2020 Diversified miner Rio Tinto has reported increased production in iron-ore, aluminium and titanium dioxide for the three months to September, compared with the June quarter, while production for its other commodities dropped slightly. “We have delivered a good operational performance across most... 

Rio Tinto keeps ticking

Emerging technologies set to transform the search for minerals 

By: Rebecca Campbell     16th October 2020 With the world now one-fifth of the way through the twenty-first century, cutting-edge technologies are transforming many if not most aspects of the mining industry worldwide. Mineral exploration is no exception. Emerging technologies, in particular hyperspectral satellite imagery and artificial... 

Emerging technologies set to transform the search for minerals

Independent grid and market operator ‘required’ to attract much-needed generation investment – De Ruyter  

By: Terence Creamer     15th October 2020 Eskom CEO Andre de Ruyter has drawn a direct link between securing the investment required to address South Africa’s growth-sapping electricity supply gaps – including some R100-billion to further develop the grid in ways to unlock what will be mostly private generation investment ­– and the... 

Independent grid and market operator ‘required’ to attract much-needed generation investment – De Ruyter
Photo by Creamer Media's Donna Slater
Eskom CEO Andre de Ruyter

Ramaphosa promises rapid power roll-out, but two-year timeframe for solving crisis ambitious 

By: Terence Creamer     15th October 2020 President Cyril Ramaphosa listed the rapid expansion of South Africa’s electricity generation, primarily through the building of additional renewable-energy capacity, as a key priority in government’s long-waited ‘Reconstruction and Recovery Plan’, which he unveiled in Parliament on Thursday. The... 

Ramaphosa promises rapid power roll-out, but two-year timeframe for solving crisis ambitious
President Cyril Ramaphosa
5 6 7 8
9
10 11 12 13

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