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Lead News

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

Sandfire maintains FY production guidance

By: Mariaan Webb     24th January 2023 Australia-based Sandfire has maintained its production guidance for the 2023 financial year, despite expecting the Matsa mine, in Spain, to perform at the lower-end of its guidance range for the year. The group’s guidance for copper production is between 83 000 t to 91 000 t, while its target... 

High Court to hear arguments for class action against Anglo over alleged lead poisoning

By: Marleny Arnoldi     20th January 2023 UK-based law firm Leigh Day says the South African High Court will, from January 20, hear arguments in an application to certify a class action lawsuit against diversified miner Anglo American over the alleged lead poisoning of community members near the Kabwe mine, in Zambia. Anglo operated... 

Green hydrogen mine mobility on way in India to platinum applause

By: Martin Creamer     19th January 2023 India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled. 

Anglo American's large nuGen zero emissions haulage solution.
Photo by Creamer Media
Anglo American's large nuGen zero emissions haulage solution.

Sorby Hills to cost A$245m

By: Esmarie Iannucci     19th January 2023 The definitive feasibility study (DFS) into the Sorby Hills lead/silver/zinc project, in Western Australia, has estimated that the project would require a capital investment of A$245-million. ASX-listed Boab Metals on Thursday reported that over an initial eight-and-a-half-year mine life, some... 

China’s reopening should underpin commodity demand acceleration – Barclays 

By: Martin Creamer     13th January 2023 China’s reopening and ‘whatever it takes’ approach to the property sector are tectonic shifts that should underpin an acceleration in commodity demand through 2023, say Barclays Equity Research analysts. 2023 is set to be another strong year for miners, European metals and mining analysts Amos... 

Iron-ore sparkle.
Iron-ore sparkle.

Metals prices could spike with markets so tight, Trafigura says

By: Bloomberg     12th January 2023 Geopolitical shocks could trigger a surge in metals prices because the market has never been tighter, according to Trafigura Group. “We could be pushed into extreme price levels,” Jeremy Weir, the commodity trader’s chief executive officer, said at a mining conference in Saudi Arabia. “We need... 

Trafigura CEO Jeremy Weir
Trafigura CEO Jeremy Weir

Platinum-boosting clean hydrogen projects, patents are all the rage 

By: Martin Creamer     11th January 2023 The implementation agreement for Namibia’s planned multibillion-dollar Hyphen Hydrogen Energy project is scheduled to commence in the first quarter of this year, Namibia President Hage Geingob revealed in his 2023 New Year’s message. Egypt has granted approval for two green hydrogen projects in... 

Clean hydrogen patent innovation is all the rage, say IEA and EPO.
Clean hydrogen patent innovation is all the rage, say IEA and EPO.

Peel reports resource estimate in NSW

By: Esmarie Iannucci     10th January 2023 Junior Peel Mining has reported a mineral resource estimate of some 20-million tonnes, containing 216 000 t of copper, 322 000 t of zinc, 151 000 t of lead, 22-million ounces of silver and 204 000 oz of gold for its South Cobar project, in New South Wales. The company this week told shareholders... 

Enable South Africa to become green hydrogen centre – ANC

By: Martin Creamer     9th January 2023 Enabling South Africa to become a green hydrogen centre through government support is highlighted in the January 8 Statement 2023 of the National Executive Committee (NEC) of the African National Congress (ANC). "The ANC recognises important work in the Hydrogen Roadmap and directs government to... 

Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.
Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.

Trevali identifies buyer for Rosh Pinah stake

By: Creamer Media Reporter      19th December 2022 Embattled base metals miner Trevali Mining will sell its 90% interest in the Rosh Pinah mine, in Namibia, to Appian Natural Resources Fund III and Appian Natural Resources (UST) Fund III. This forms part of a court-sanctioned sales process, initiated in September, for Trevali’s interest in Rosh... 

Aurelia sets end date for Hera

By: Esmarie Iannucci     19th December 2022 ASX-listed Aurelia Metals on Monday announced plans to permanently cease commercial production at its Hera underground mine, in New South Wales, towards the end of March next year. The company told shareholders that the cessation of mining would be earlier than previously planned, however,... 

Aurelia to shut Hera underground

By: Esmarie Iannucci     19th December 2022 ASX-listed Aurelia Metals on Monday announced plans to permanently cease commercial production at its Hera underground mine, in New South Wales, towards the end of March next year. The company told shareholders that the cessation of mining would be earlier than previously planned, however,... 

Anglo invests $200m to accelerate zero emissions haulage solution 

By: Martin Creamer     7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... 

Rio, Oz Minerals and Boliden partner on tailings

By: Esmarie Iannucci     6th December 2022 Diversified miner Rio Tinto, copper miner Oz Minerals and Swedish metals major Boliden will partner on an initiative to manage tailings. Under the umbrella of the Think & Act Differently (TAD) incubator initiative the three companies will fund and support innovators who are working to reimagine... 

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.

R4-trillion needed for South Africa’s hydrogen economy, PIC declares  

By: Martin Creamer     28th November 2022 South Africa’s State-owned Public Investment Corporation (PIC) stated on Monday that more than R4.3-trillion is required for the development of the hydrogen economy, which it declared positive for people, planet, and client portfolios. The hydrogen investment strategy of the PIC, which has... 

Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.
Photo by Siemens
Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives global solutions head Oliver Beck.
Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.

Denarius granted option to buy 80% of Spanish zinc/lead project

By: Creamer Media Reporter      23rd November 2022 Canada-based Denarius Metals has been granted a definitive option agreement to acquire, in two stages, up to 80% in Aim-listed Europa Metals’ Spanish subsidiary, which owns the Toral zinc/lead/silver project. Denarius executive chairperson and CEO Serafino Iacono says the company is pleased to... 

South Africa’s crime crisis ruling out economic growth, sustainability discussion hears  

By: Martin Creamer     23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... 

Roger Baxter.
Roger Baxter.

Platinum moving into meaningful deficit amid emergent source of new end-demand 

By: Martin Creamer     22nd November 2022 Platinum is moving into meaningful deficit amid an emergent source of new end-demand in the form of green hydrogen. The 2022 surplus of 804 000 oz is projected to move into a deficit of 303 000 oz in 2023, according to the Platinum Quarterly of the World Platinum Investment Council (WPIC) for the... 

World Platinum Investment Council director of research Edward Sterck.
World Platinum Investment Council Director of Research Edward Sterck interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Top green hydrogen/fuel cell collaboration boost for platinum-group metals 

By: Martin Creamer     16th November 2022 A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green hydrogen technology that is competitive with fossil fuels.  The aim of agreement is to help accelerate the industrialisation of Nel’s proton exchange... 

Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.
Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.

Copper near 5-month high on hopes Fed could slow rate-hike pace

By: Reuters     11th November 2022 Copper prices climbed on Friday to their highest in nearly five months, as US inflation data bolstered hopes for a slower pace of interest rate hikes in the world's largest economy that would support industrial metals demand. The softer-than-expected data also sent the dollar sharply lower... 

Investment needed for outgoing coal, incoming renewables, impacted communities, Mapungubwe highlights 

By: Martin Creamer     8th November 2022 With South Africa having committed to transition away from coal, investments will not only be required for the retiring of coal plants and the ramping up of renewable energy, but also for coal communities, who will require alternative economic development plans to sustain the livelihoods of all... 

President Cyril Ramaphosa arriving in Egypt for COP27.
President Cyril Ramaphosa arriving in Egypt for COP27.

Chicago is coming for London’s metal trading after LME stumbles

By: Bloomberg     8th November 2022 As the London Metal Exchange (LME) wades through the fallout of this year’s nickel crisis, its American rival is gaining ground. Chicago-based CME Group Inc. has successful copper and precious-metals contracts but has never managed to challenge the LME’s dominance in other industrial metals. This... 

Green hydrogen truck trials going well – Anglo 

By: Martin Creamer     1st November 2022 The 500 t world-first haulage truck powered by green hydrogen last week underwent fully loaded trialling that included tipping into the crusher at Anglo American Platinum's Mogalakwena platinum group metals mine in Limpopo. “The trials all went well,” Anglo American group technical director Tony... 

Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.
Photo by Creamer Media
Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.

Saudi Arabia to auction five new mining exploration licences in 2023

By: Reuters     31st October 2022 Saudi Arabia is planning to auction five new mining exploration licences with copper, zinc, lead and iron deposits for local and international investors in 2023, the mining minister said on Sunday, as it diversifies the economy away from hydrocarbons. The ministry will launch the bidding process... 

Glencore responds to climate suggestions, provides production update 

By: Martin Creamer     28th October 2022 Diversified mining and marketing company Glencore, in response to recommendations received, will take four steps to advance its  climate reporting amid the world facing a rapidly closing window to meet the Paris Agreement’s climate goals. The London- and Johannesburg-listed Glencore... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

New start-up intent on improving pit-to-port turnaround times  

By: Martin Creamer     27th October 2022 Three women who have been in logistics collectively for more than 30 years have formed a company intent on helping to smooth out rail and port logistics in the Southern African region. The three are Nosipho Damasane, Nyameka Madikizela and Ncumisa Dube, who have formed Indlela Connections. (Also... 

Indlela Connections chairperson Nosipho Damasane.
Indlela chairperson Nosipho Damasane and CEO Nyameka Madikizela talk to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Make green hydrogen part of official economic recovery plan, Dept of Science and Innovation urges  

By: Martin Creamer     26th October 2022 South Africa should leverage the hydrogen opportunity as part of its official economic reconstruction and economic recovery plan. Dr Cosmas Chiteme, the director of hydrogen and energy at Department of Science and Innovation, highlighted this as the top key message on the way forward at the... 

Dr Cosmas Chiteme, Director of Hydrogen and Energy, Department of Science and Innovation.
Mistra platinum group metals event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South32 posts a mixed quarter

By: Esmarie Iannucci     24th October 2022 Diversified miner South32 has reported a mixed quarter for the three months to September, with aluminium and copper output rising, while all others fell. The miner on Monday reported that aluminium production for the first quarter of the 2023 financial year had increased by 9%, quarter on... 

Sasol/Saldanha sign MoU for green hydrogen hub in Western Cape

By: Martin Creamer     18th October 2022 Integrated energy and chemicals company Sasol, already a seasoned grey hydrogen producer, and Freeport Saldanha Industrial Development Zone on Tuesday announced the signing of a memorandum of understanding  (MOU) to facilitate a green hydrogen hub in the Western Cape. In terms of the MOU, the... 

Freeport Saldanha CEO Kaashifah Beukes.
Freeport Saldanha CEO Kaashifah Beukes.

Enabling exploration is urgently needed to put South African mining back in ‘sunrise’ mode  

By: Martin Creamer     17th October 2022 High on the list of the steps that must be taken to stop South African mining from fading further into sunset mode is free access to geological information from State institutions such as the Council for Geoscience. Next is the provision of a modern, functional, and transparent mineral cadastre... 

Botswana Diamonds CEO James Campbell.
Botswana Diamonds CEO James Campbell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Lead set to shine on tight supplies, winter battery failures

By: Reuters     12th October 2022 Lead is expected to outperform other metals over the coming months as cold weather is likely to force consumers to replace auto batteries and supplies tighten, analysts say. The only base metal to make gains over the last month, lead has already been the best performer on the London Metal... 

Shell consortium accelerating electrification of mine haul trucks  

By: Martin Creamer     12th October 2022 Transitioning oil, gas, fuels and lubricants company Shell has established a nine-member consortium to create electrification solutions for mining sites. The electrification offers a shift away from reliance on diesel. (Also watch attached Creamer Media video.) 

Shell VP Sectoral Decarbonisation & Innovation Grischa Sauerberg.
Shell decarbonisation webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Aurelia looking at funding after Federation study

By: Esmarie Iannucci     10th October 2022 ASX-listed Aurelia Metals on Monday said it was considering a ‘range of funding options’ for its Federation project, in New South Wales, following a positive feasibility study (FS). The study was based on the development of an underground mining operation at the Federal deposit, with the ore to... 

Development is only conversation South Africa should be having, Cutifani tells Joburg Indaba  

By: Martin Creamer     6th October 2022 Development is the only conversation that South Africa should be having, former Anglo American CEO, director and consulting business executive Mark Cutifani said amid strong applause at the Joburg Indaba on Thursday – and mining should be recognised as an industry that can serve as a very... 

Former Anglo America CEO, director and consulting business executive Mark Cutifani.
Mark Cutifani’s address to the Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa’s geological prospectivity fantastic, says Minerals Council CEO  

By: Martin Creamer     5th October 2022 South Africa’s geological prospectivity is fantastic, Minerals Council South Africa CEO Roger Baxter told the Joburg Indaba on Wednesday. This is so even though only 15% of South Africa's surface area has been mapped at a high-resolution 50 000-to-1 geophysical level, and even though this... 

Minerals Council South Africa CEO Roger Baxter.
Minerals Council South Africa CEO Roger Baxter at Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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