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North America News

FQM reports fatality at Trident, Zambia

By: Creamer Media Reporter      Updated 1 hour 2 minutes ago Toronto-listed First Quantum on Thursday announced that a worker at its Trident operation, in Zambia, had died, following a traffic accident in the Sentinel openpit. The accident involved a dump truck and light vehicle, the mining company said. One other person was severely injured and medically... 

Bank of America's veteran mining head Omar Davis to retire

By: Bloomberg     Updated 2 hours 31 minutes ago Bank of America’s global mining head Omar Davis, one of the most senior bankers covering the sector, is retiring. London-based Davis will remain with the Wall Street bank over the coming month as he hands over the reins to Ben Davies, who’s most recently run the same business in Europe, the... 

Copper drives Anglo’s overall fourth-quarter production higher, but PGMs, nickel disappoint 

By: Marleny Arnoldi     Updated 2 hours 50 minutes ago Diversified miner Anglo American has reported a year-on-year improvement in the production of nearly all its commodities – except for platinum group metals (PGMs) and nickel – for the fourth quarter of 2022. CE Duncan Wanblad says overall production increased by 10% year-on-year, driven by the... 

Anglo American CE Duncan Wanblad
Anglo American CE Duncan Wanblad

155 MW wind farm to be constructed in Mpumalanga by Seriti Green  

By: Martin Creamer     Updated 3 hours ago Work is scheduled to begin soon on the construction of a wind farm in Mpumalanga, South Africa’s electricity heartland. The project, which begins with 155 MW of wind energy and expands to a capacity of 900 MW of renewables and 800 MWh of battery storage, forms part of an agreement that will see... 

Seriti Resources CE Mike Teke.
Seriti Green's wind energy initiative covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Sojitz to sell Canadian copper mine stake

By: Reuters     Updated 3 hours ago Japanese trading house Sojitz, which on Thursday reported record profit for the nine months to end-December, said it was selling its 12.5% stake in Canada's Gibraltar Mines. Sojitz said it booked a pre-tax loss of 6.3-billion yen ($49-million) in the October-December quarter from the planned... 

The Gibraltar mine
The Gibraltar mine

GoviEx execs reflect on progress made in 2022, plans for this year

By: Tasneem Bulbulia     Updated 4 hours ago Mineral resources company GoviEx Uranium had a busy 2022, which saw the company move closer to its goal of becoming a uranium producer, executive chairperson Govind Friedland and CEO Daniel Major note in a letter to stakeholders. The company’s principal objective is to become a significant... 

New COO appointed to reposition Argonaut as lower cost miner

By: Creamer Media Reporter      Updated 5 hours ago Canada-based Argonaut Gold has appointed professional engineer and geologist Marc Leduc as COO. "Marc and I worked closely at Barrick Gold and most recently in a private venture. I believe that Marc has the right skill set to facilitate Argonaut's repositioning to a lower cost North American... 

First Quantum to hold board meeting in Panama - source

By: Reuters     Updated 7 hours ago Directors of First Quantum Minerals will meet in Panama this week for a board meeting, a source close to the Canadian company said on Wednesday, in the midst of a longstanding dispute over its contract with the government to operate a major copper mine. Panama's government and First Quantum are... 

Freeport Indonesia's $3bn copper smelter to be completed by end of 2023 - official

By: Reuters     Updated 7 hours ago The construction of US mining giant Freeport McMoRan's Indonesian copper smelter, one of the biggest in the world, will be completed by the end of this year, an official at its Indonesian unit said on Thursday. The $3-billion facility in Gresik, East Java, will have capacity of 1.7-million... 

American Lithium announces maiden PEA for TLC project

By: Mariaan Webb     Updated 7 hours ago The maiden preliminary economic assessment (PEA) for the Tonopah Lithium Claims (TLC) project, in Esmerelda, Nevada, has demonstrated the project’s potential to become a substantial, long-life producer of low-cost lithium carbonate (LCE). At 99.5% LCE purity, TLC has the potential to producer... 

Strong operational performance delivers 6% y/y increase in De Beers' fourth-quarter output

By: Chanel de Bruyn     Updated 7 hours ago Diamond miner De Beers, a subsidiary of Anglo American, achieved a 6% year-on-year increase in rough diamond production to 8.2-million carats for the fourth quarter of 2022. The miner said this reflects a strong operational performance across its assets, but partially offset by the planned... 

A truck transporting ore from the Venetia mine

AuTECO raises cash for Canadian gold hunt

By: Esmarie Iannucci     Updated 7 hours ago Junior AuTECO Minerals on Thursday announced plans for a A$9-million capital raise to fast-track exploration at its Pickle Crow gold project, in Ontario. The ASX-listed company has received firm commitments for the placement of 180-million fully paid ordinary shares, at a price of 5c each to... 

Agnico Eagle’s dealmaking brings top gold mines into fold

By: Bloomberg     Updated 7 hours ago Agnico Eagle Mines is about to get its “forever” wish — full ownership of one of North America’s biggest gold mines. The world’s third-biggest bullion producer has split ownership of the Canadian Malartic mine with Yamana Gold since 2014, but that’s about to change thanks to some swift... 

The Canadian Malartic mine, in Canada.
The Canadian Malartic mine, in Canada.

Wesdome appoints new board member

By: Creamer Media Reporter      1st February 2023 Canadian mining company Wesdome Gold Mines on Wednesday announced the appointment of Louise Grondin to the board of directors. Grondin retired from Agnico Eagle Mines in January 2021 as senior VP for people and culture. Since joining Agnico Eagle in 2001, she had held various leadership... 

Mkango and CoTec sign loan and equity investment agreements

By: Creamer Media Reporter      1st February 2023 Dual-listed rare earths developer Mkango Resources said on Tuesday that it had signed definitive agreements with Canada-based mining issuer CoTec Holdings for a £2-million convertible loan, a £1.5-million equity investment in Maginito, and subject to closing, a cooperation agreement regarding... 

Good grade uplifts Harmony’s gold output 

By: Martin Creamer     1st February 2023 Despite the ongoing electricity shortages and supply chain disruptions, the total gold production of Harmony Gold has increased quarter-on-quarter, the Johannesburg- and New York-listed company, which will be presenting at next week’s Investing in African Mining Indaba in Cape Town, stated on... 

Underground drilling under way at Harmony's Great Noligwa gold mine.
Underground drilling under way at Harmony's Great Noligwa gold mine.

Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 

By: Martin Creamer     1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

Aton reports final results from diamond drilling programme in Egypt

By: Tasneem Bulbulia     1st February 2023 TSX-V-listed Aton Resources has recorded “solid” final results of the Phase 2 diamond drilling programme at its advanced Rodruin gold exploration project, located in the company’s 100% owned Abu Marawat Concession, in the Eastern Desert of Egypt, interim CEO Tonno Vahk says. The final results... 

NAL offtakes in the pipeline - Piedmont

By: Esmarie Iannucci     1st February 2023 The joint venture partners of the North American Lithium (NAL) operation, in Quebec, are hoping to finalise offtake agreements over the project by the end of March this year. Global lithium developer Piedmont Lithium president and CEO Keith Phillips told Mining Weekly Online that at 130 000 t/y,... 

Image of a handshake

Rio signs cooperation agreement with Canadian First Nation

By: Esmarie Iannucci     1st February 2023 Diversified miner Rio Tinto, through its Iron Ore Company of Canada (ICO) has signed an agreement with the Naskapi Nation of Kawawachikamach to establish a mutually beneficial relationship based on dialogue, collaboration and trust between the company and the community over the coming decades.... 

Renergen eyes US listing

By: Esmarie Iannucci     1st February 2023 ASX- and JSE-listed Renergen has announced plans for a potential initial public offering (IPO) and listing in the US. The company said on Wednesday that in order to raise funding for Phase 2 development of its helium and natural gas operations at the Virgina gas project, in South Africa.  

EPA's move to block Pebble project in Alaska 'unlawful' - CEO

By: Reuters     1st February 2023 The US Environmental Protection Agency's (EPA) decision to block the proposed Pebble copper and gold mining project near Alaska's ecologically sensitive Bristol Bay watershed is "unlawful" and hurts the state, said the top boss of the mining project. The EPA has moved to stop the company from... 

Pebble CEO John Shively
Pebble CEO John Shively

Automaker GM makes $650m investment to build Thacker Pass lithium mine

By: Mariaan Webb     31st January 2023 Automotive giant General Motors (GM) has made a $650-million investment in Lithium Americas, the developer for the Thacker Pass mining project in Nevada. This investment – said to be the biggest-ever by an automaker to produce battery raw materials – would support the development of the... 

Automaker GM makes $650m investment to build Thacker Pass lithium mine

Blyvoor Gold secures approval for solar energy project

By: Martin Creamer     31st January 2023 Carletonville’s Blyvoor Gold Mine has announced the approval of the first phase of its solar energy project. Up to 40 MW will be generated near its mining operations on Gauteng’s West Rand, following Eskom’s first phase approval. 

Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.
Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.

New partnership enabling South African lithium pioneer to go full throttle 

By: Martin Creamer     31st January 2023 Battery metals investment and exploration company Marula Mining, which is delivering its first shipment of lithium ore from its Blesberg lithium and tantalum mine in the Northern Cape, has received a funding boost by clinching of a partnership with Q Global Commodities (QGC). As a majority... 

QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.
QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.

Sibanye, Harmony, Gold Fields among miners listed in the 2023 Bloomberg Gender-Equality Index

By: Creamer Media Reporter      31st January 2023 Precious metals miners Sibanye-Stillwater, Harmony Gold and Gold Fields are among the mining firms recognised in this year's Bloomberg Gender-Equality Index. Harmony has been included in the index for the fifth consecutive year. 

South Africa well on way to unlocking incredible base metals potential – Orion 

By: Martin Creamer     31st January 2023 Emerging production hubs in the Northern Cape are opening the way for South Africa to be a producer of future-facing ‘green’ metals to support the global energy transformation and to mitigate against climate change.  The two emerging production hubs are the Prieska Copper-Zinc Mine and the Okiep... 

Dewatering plan at Prieska Copper-Zinc Mine.
Dewatering plan at Prieska Copper-Zinc Mine.

Barrick hands over $3m cheque to Balochistan

By: Creamer Media Reporter      31st January 2023 Canada-based Barrick Gold has paid its first $3-million to the Balochistan provincial government as part of a new partnership to develop the Reko Diq mine, in Pakistan. After the signing of definitive agreements and completion of legal processes last month, Barrick and the government of... 

Central bank gold purchases reached a 55-year record high in 2022

By: Marleny Arnoldi     31st January 2023 The World Gold Council (WGC) has revealed in its latest ‘Gold Demand Trends’ report that gold demand increased by 18% year-on-year in 2022, hitting the highest yearly total since 2011 at 4 741 t. WGC senior market analyst Louise Street tells Mining Weekly that demand for gold was propelled by... 

Kibali nears 93% renewable energy-powered rate, adds reserves to mine life

By: Marleny Arnoldi     31st January 2023 Global miner Barrick Gold Corporation has announced its Kibali mine, in the Democratic Republic of Congo (DRC), is on track to replace its reserves beyond the ounces mined in the prior year and maintain a ten-year life of mine at a Tier One operation. The company’s 45% owned Kibali mine... 

Global oil and gas exploration spend hits record highs

By: Esmarie Iannucci     31st January 2023 New data by advisory firm Wood Mackenzie (WoodMac) has shown that 2022 was the strongest year in more than a decade for global oil and gas exploration, led by major discoveries in Namibia, Brazil and Algeria. WoodMac reported that the sector created at least $33-billion of value and achieved... 

Global oil and gas exploration spend hits record highs

Canadian govt invests $100m in Jansen potash mine

By: Mariaan Webb     31st January 2023 Innovation, Science and Industry Minister François-Philippe Champagne on Monday announced a $100-million investment through the Strategic Innovation Fund to support BHP’s $7.5-billion potash project. This mine, located in Jansen, Saskatchewan, is expected to generate the lowest direct emissions... 

Teck forecasts big jump in copper output this year

By: Mariaan Webb     31st January 2023 Canadian miner Teck Resources has missed its production guidance for copper in 2022, but the company has set its sights on significantly higher output this year, as its new mine in Chile continues to ramp up. Copper production in 2023 will be in the range of 390 000 t to 445 000 t. The Quebrada... 

Teck forecasts big jump in copper output this year

Brazil miner lobby seeks end to illegal mining that caused Yanomami tragedy

By: Reuters     31st January 2023 The Brazilian government must act to stamp out illegal gold mining that has caused a humanitarian crisis of hunger and disease in the Yanomami indigenous population, mining industry lobby Ibram said on Monday. Ibram, which represents multinational and large domestic mining firms operating in... 

US EPA to block Pebble Mine copper/gold mine project in Alaska

By: Reuters     31st January 2023 The US Environmental Protection Agency plans to take steps on Tuesday to block Northern Dynasty Minerals' proposed Pebble copper and gold mining project in Alaska by preventing the company from storing mine waste in the state's vast watershed. The move, which had been expected, would be the... 

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... 

New integrated plan reveals Kamoa-Kakula’s true long-life nature – Friedland

By: Mariaan Webb     30th January 2023 The newly published integrated development plan (IDP) of the Kamoa-Kakula operation in the Democratic Republic of Congo (DRC) has revealed the “true, long-life nature” of the complex that will produce high-grade copper metal for the better part of this century. The updated IDP consists of a... 

The construction of a new concentrate thickener nears completion as part of the debottlenecking programme at Kamoa-Kakula.
The construction of a new concentrate thickener nears completion as part of the debottlenecking programme at Kamoa-Kakula.

Intervention urgent to resolve rail, port problems, says Business Leadership South Africa

By: Martin Creamer     30th January 2023 Urgent intervention is required to resolve the problems of South Africa’s freight rail system and ports, says Business Leadership South Africa (BLSA)CEO Busi Mavuso, who in this week’s BLSA newsletter describes the coal export slump through Richards Bay Coal Terminal (RBCT) as startling. “The... 

Business Leadership South Africa CEO Busi Mavuso.
Photo by Creamer Media
Business Leadership South Africa CEO Busi Mavuso.
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