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Lead News
EY Canadian Eye drops sharply on Covid-19
By: Creamer Media Reporter 15th May 2020 The EY Canadian Mining Eye index has declined by 29% in the first quarter of 2020, amid the coronavirus pandemic. The substantial decrease compares with a gain of 11% in the final quarter of 2019. “The mining and metals sector continues to grapple with the impact of government Covid-19 mandates... →
Glencore beats emissions target, sets out to deliver safety step change 
By: Martin Creamer 14th May 2020 Diversified mining and marketing company Glencore significantly surpassed its emission target in 2019 but described its safety performance as being unacceptable. In announcing the publication on its website of its 2019 Sustainability Report as well as its environment, social and governance (ESG)... →
Trevali defers Namibia zinc expansion decision
By: Mariaan Webb 14th May 2020 Global base-metals miner Trevali has deferred its expansion plans for the Rosh Pinah zinc mine, in Namibia, to a future date, as it moves to preserve liquidity during the economic downturn. The Vancouver-based company, which also owns mines in Peru, Canada and Burkina Faso, said on Wednesday... →
World’s top mining companies committed to climate change solutions – ICMM
By: Martin Creamer 13th May 2020 Twenty seven of the world's leading mining and metals companies and 36 associations are committed to climate change solutions through their membership of the International Council on Mining and Metals (ICMM), Mining Weekly can today report. The ICMM is an international organisation dedicated to a... →
Judgment reserved at Mining Charter review hearing
By: Martin Creamer 7th May 2020 A full bench has heard the application for a judicial review of certain aspects of the Mining Charter gazetted in September 2018. Judge President Mlambo, judges Vally and Van Der Schyff reserved judgment on the application lodged by the Minerals Council South Africa on March 27, 2019, when the... →
Minerals Council South Africa building in central Johannesburg.
Glencore well positioned to navigate Covid challenges – Glasenberg
By: Martin Creamer 30th April 2020 Diversified mining and marketing company Glencore is well positioned to navigate the current challenges presented by the Covid-19 pandemic, Glencore CEO Ivan Glasenberg said on Thursday, when the London- and Johannesburg-listed company reported first-quarter production and provided a general... →
Ivan Glasenberg
Morale high as Covid-masked South African miners get back to work
By: Martin Creamer 28th April 2020 Morale is reportedly high as Covid-masked and physically distanced South African mineworkers get back to mining underground for companies that have gone the extra mile to ensure that they have been fully remunerated and host communities generously funded during the national lockdown. In a... →
Ivanhoe advances Kakula underground development at record pace
By: Marleny Arnoldi 28th April 2020 TSX-listed Ivanhoe Mines has now completed 13.5 km of underground development at the Kakula copper mine, in the Democratic Republic of Congo (DRC). The company is 4.2 km ahead of plan on the mine’s development. →
Opencast mines may return to 100% of capacity from May 1 – Patel
By: Martin Creamer 27th April 2020 Opencast mines are permitted to return in phases to 100% operation from May 1 but underground mines must continue at 50% of production capacity, Trade and Industry Minister Ebrahim Patel said on Saturday. Speaking during a media briefing covered by Mining Weekly on South Africa’s easing from the... →
Learning curve still too steep to define ‘best practice’ mining response
By: Martin Creamer 27th April 2020 The rapidly evolving Covid-19 crisis learning curve is still too steep to conclusively define what a ‘best practice’ response looks like from the mining industry, says the International Council on Mining and Metals (ICMM), which is facilitating a rapid exchange of information and knowledge to... →
Adriatic a step closer to operational mining after environmental permit RoD
By: Donna Slater 23rd April 2020 The Bosnian Federal Ministry of Environment and Tourism (FMET) has issued a positive record of decision (RoD) for the Veovaca environmental permit, UK-based exploration and development company Adriatic Metals said on Thursday. Adriatic is the owner of the Vareš mining concession in Bosnia and... →
Firm directive to ensure safe mining resumption
By: Martin Creamer 23rd April 2020 The Department of Mineral Resources and Energy (DMRE) on Thursday issued a firm directive to all mining operations to ensure safe start-up procedures as the sector prepares to ramp up to 50% of capacity. Mining Weekly can report that the directive is issued to ensure compliance with Section 5(1)... →
Mineral Resources and Energy Minister Gwede Mantashe.
Central Asia Metals mulls renewables opportunities, releases inaugural sustainability report
By: Simone Liedtke 22nd April 2020 London-listed Central Asia Metals (CAML), which produces base metals essential for modern living, has commissioned independent consultants to conduct feasibility studies on the potential of building a renewable energy plant at its Kounrad operation, in Kazakhstan. The studies will consider the... →
Ascendant sells Honduran mine to focus on Portugal project
By: Donna Slater 21st April 2020 TSX-listed base metals miner Ascendant Resources has entered into a share purchase agreement with Panama-based Kirungu to sell all the issued and outstanding shares of its wholly-owned Honduran subsidiary American Pacific Honduras (Ampac), which owns the producing El Mochito zinc, lead and silver... →
Lundin reports underground fire at Sweden mine
By: Creamer Media Reporter 21st April 2020 Canadian base metals miner Lundin Mining had to evacuate its underground personnel at the Zinkgruvan operation, in Sweden, on Monday, after a haulage truck caught fire on the 1 140 m level of the mine. There were 58 people underground at the time. All personnel were accounted for and there were... →
Impala CE granted bail after appearance on Covid-19 charge
By: Martin Creamer 17th April 2020 The arrest of the chief executive of Implats' Implala Platinum Rustenburg mining operations was on Friday welcomed by the Mineral Resources and Energy Parliamentary chairperson Sahlulele Luzipo, who on Thursday called on law enforcement agencies to act decisively against mining executives who... →
Impala Platinum Rustenburg CE Mark Munroe
Jubilee operations restart under strict Covid-19 protocols
By: Martin Creamer 17th April 2020 Metals processing company Jubilee Metals announced on Friday that its South African operations had recommenced and it was strictly adhering to the updated lockdown regulations set out to combat the Covid-19 pandemic. Jubilee retreats mine tailings, waste, slag, slurry and other secondary... →
Sorting solution shows potential in metals sectors
By: Cameron Mackay 17th April 2020 Ore-processing equipment supplier TOMRA Sorting Mining has provided X-ray transmission (XRT) sensor-based ore sorting technology for two local mining plant projects on the eastern limb of the Bushveld Igneous Complex, in Limpopo, which were commissioned recently. TOMRA Sorting Mining senior VP... →
Minerals Council welcomes revised Covid-19 regulations
By: Martin Creamer 16th April 2020 The Minerals Council South Africa on Thursday welcomed the amendments to the Disaster Management Act regulations as they pertain to mining. These regulations allow a phase-up in mining capacity to 50% during the lockdown period, but with all the preventative and mitigating controls in place to... →
Mining may resume at 50% capacity – Minister
By: Martin Creamer 16th April 2020 All mining operations, excluding collieries supplying Eskom which have been permitted to operate at full capacity throughout national lockdown, may now resume at 50% capacity during the remaining lockdown days, Mineral Resources and Energy Minister Gwede Mantashe said on Thursday. Thereafter,... →
Mineral Resources Minister Gwede Matashe during virtual media conference.
Glencore continues to engage to minimise Covid-19 impact
By: Martin Creamer 14th April 2020 Diversified mining and marketing Glencore is continuing to engage with authorities, labour unions and other stakeholders on steps to minimise the impact of Covid-19 on its operations. The London- and Johannesburg-listed company stated on Tuesday that its goal was to operate only when it could... →
Ivan Glasenberg
Too early to comment on when mining will resume – Minerals Council
By: Martin Creamer 9th April 2020 Comment on when mining industry operations will resume is premature but what is certain is that when resumption does occur, it will not be business as usual, Minerals Council South Africa said on Thursday. Noting reports on the resumption of mining operations after 16 April, Minerals Council... →
Glencore launches $25m support fund in response to Covid-19
By: Martin Creamer 9th April 2020 Diversified mining and marketing company Glencore on Thursday announced the launch of a $25-million fund in response to the coronavirus pandemic. The fund will support the London- and Johannesburg-listed company’s teams that are working closely with governments, health agencies and others key... →
Glencore CEO Ivan Glasenberg
Golden Minerals reports promising economics for Mexico project
By: Marleny Arnoldi 2nd April 2020 Colorado-based miner Golden Minerals has reported positive findings in a preliminary economic assessment (PEA) and updated mineral resource estimate for the Velardeña Properties, which is the company’s silver and gold project located in Durango state, Mexico. Engineering company Tetra Tech was... →
Central Asia Metals’ results demonstrate company’s ‘fundamental strength’
By: Simone Liedtke 1st April 2020 Copper, zinc and lead production and exploration company Central Asia Metals’ (CAML’s) results for the year ended December 31, demonstrate the “fundamental strength” of the business, which owns two low-cost base metals operations, one in Kazakhstan and the other in North Macedonia. CEO Nigel... →
Standard Bank meeting all capital and liquidity requirements
By: Martin Creamer 1st April 2020 Capital and liquidity requirements across all the markets in which it operates are continuing to be met, Standard Bank Group FD Dr Arno Daehnke said during an investor call. Daehnke disclosed that the bank was benefitting from building up increased capital levels over the last few years in line... →
Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity
By: Martin Creamer 31st March 2020 The coronavirus pandemic has prompted global diversified mining and marketing company Glencore to defer its proposed $2.6-billion distribution of cash and reinforce its $10.1- billion liquidity through the refinancing and extension of revolving credit facilities on the same commercial terms as... →
Mining could be enormous post-virus stabiliser – Minerals Council
By: Martin Creamer 29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... →
Jubilee confident the group will withstand Covid-19 disruption
By: Simone Liedtke 26th March 2020 Aim- and AltX-listed Jubilee Metals says it has a “robust business model” and is, therefore, confident that the group will be able to withstand the disruption caused by the spread of the Covid-19 virus across the globe. In anticipation of this disruption, Jubilee says it has already taken... →
ScoZinc raises C$500 000 to support Scotia mine’s prefeasibility study
By: Marleny Arnoldi 23rd March 2020 TSX-V-listed ScoZinc Mining plans to raise C$500 000 in a nonbrokered private placement. The offer consists of the sale of up to 1.25-million shares at a price of C$0.40 apiece, coupled with a warrant to purchase additional shares at a price of C$0.55 apiece. →
Aurelia completes A$53m plant upgrade
By: Esmarie Iannucci 11th March 2020 Diversified metals miner Aurelia Metals has completed the commissioning of a A$53-million upgrade to its Peak ore processing circuit, in New South Wales. The ASX-listed Aurelia said on Wednesday that the Peak process plant now had the flexibility to produce gold dore and separate copper, lead... →
Shipment delays out of China not affecting Vast’s Romania project
By: Creamer Media Reporter 10th March 2020 Aim-listed mining company Vast Resources on Tuesday confirmed that its initial shipment of equipment for the Baita Plai mine was not affected by shipment restrictions in China and that it would depart next week. The first shipment is currently being loaded and will depart for Romania on March... →
China warns metals firms not to race back from virus
By: Reuters 6th March 2020 China's Industry Ministry said on Friday metals firms should not seek to ramp up production at all costs and should "avoid vicious competition" with one another as they return to work in the wake of the coronavirus outbreak. Industrial production in China, the world's biggest metals consumer,... →
Bear Creek Mining engages lead arrangers for $400m facility
By: Creamer Media Reporter 3rd March 2020 Vancouver-headquartered Bear Creek Mining has engaged BNP Paribas and Société Générale as joint lead arrangers for a $400-million senior secured credit facility, which it plans to use for the fully permitted, Corani silver/lead/zinc project in Peru. “The BNP Paribas and Société Générale mining... →
Yukon and First Nation road agreement a ‘major step’ forward for Macmillan Pass
By: Mariaan Webb 3rd March 2020 TSX-V-listed Fireweed Zinc has hailed the agreement about road upgrades that the Yukon government and the Ross River Dena Council (RRDC) First Nation reached as a “major step” forward towards the eventual development of the Macmillan Pass zinc, lead and silver project. The agreement centres on... →
Coeur to reposition Silvertip, operations suspended
By: Mariaan Webb 21st February 2020 NYSE-listed precious metals miner Coeur has temporarily suspended operating activities at its Silvertip zinc/lead/silver mine, in British Columbia, Canada, as the mine struggles to generate positive cash flow amid deteriorating zinc and lead markets. Silvertip, which represents about 6% of... →
Vedanta sets sights on zinc, silver, iron-ore output growth 
By: Kim Cloete 12th February 2020 CAPE TOWN (miningweekly.com) – Natural resources company Vedanta Resources is aiming to become the world's biggest producer of zinc, as well as to double its production of silver and increase its iron-ore output from 10-million to 15-million tonnes a year. Vedanta has a presence in steel,... →
ScoZinc expects upcoming PFS to improve past Scotia assessments
By: Creamer Media Reporter 11th February 2020 TSX-V-listed explorer and developer ScoZinc is hopeful that when it announces the results of a prefeasibility study (PFS) for the idled Scotia mine, near Halifax, it will be an improvement on past assessments. The company confidence levels are boosted by the recent doubling of the mineral... →
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