https://www.miningweekly.com
R/€ = 16.73 Change: 0.03
R/$ = 15.82 Change: 0.04
Au 1845.80 $/oz Change: 32.41
Pt 968.00 $/oz Change: 39.50
 

North America News

BHP unveils distribution plans and Woodside changes names

By: Esmarie Iannucci     Updated 2 hours 1 minute ago Diversified miner BHP on Friday announced it would pay shareholders an in specie dividend in the form of Woodside Petroleum shares in connection with the merger of BHP’s oil and gas portfolio with Woodside. The shareholders of Woodside on Thursday approved the merger, which would create the... 

Changes coming to BHP board

By: Esmarie Iannucci     Updated 2 hours 2 minutes ago Major BHP has announced the retirement of Malcolm Broomhead and John Mogford as non-executive directors at the conclusion of the 2022 annual general meeting (AGM). Broomhead has been a director of BHP since March 2010 and in 2021 the board requested Broomhead seek re-election at the 2021 AGM for... 

Critical mineral demand of order of magnitude never seen – Sheila Khama  

By: Martin Creamer     19th May 2022 "My genuine sense is that we are going to see a growth in the mining sector of an order of magnitude we haven't seen. I also think that we're going to find that the need for minerals is going to force the world to think that if we can't get minerals on our shore, where else do we get them from? 

Picture supplied
Mining stalwart Sheila Khama spoke to Mining Weekly’s Martin Creamer on critical metals. Video: Darlene Creamer.

Barrick extends facility, establishes sustainability-linked metrics

By: Mariaan Webb     19th May 2022 Global bullion producer Barrick Gold on Thursday announced that it had extended its undrawn $3-billion revolving credit facility by one year to May 2027 and that sustainability-linked metrics had been incorporated into the facility. The metrics were made up of yearly environmental and social... 

Barrick CFO Graham Shuttleworth
Barrick CFO Graham Shuttleworth

Talon announces drill record at Minnesota nickel project

By: Creamer Media Reporter      19th May 2022 Toronto-listed Talon Metals has announced a new record at the Tamarack nickel project, in Minnesota, with 23.44 m of massive sulphide nickel and copper mineralisation. The record drill forms part of 26 new drill holes results that Talon reported on Wednesday.  All the new holes have intercepted... 

Rio Tinto signs up for Lion Copper’s Nevada project

By: Mariaan Webb     19th May 2022 TSX-V-listed Lion Copper and Gold has secured Rio Tinto’s backing for the Mason Valley project, where it last week also initiated the environmental permitting process with the US Bureau of Land Management as a first stop in formalising permitting efforts.   The parties on Wednesday announced an... 

Millennial raises C$15m for Nevada exploration

By: Mariaan Webb     19th May 2022 Toronto-headquartered Millennial Precious Metals has announced a bought-deal financing to raise C$15-million, which it will use to advance exploration, permitting and engineering studies at its Nevada projects. The company has entered into an agreement with Eight Capital, as lead underwriter and... 

Europe gives another lofty boost to green hydrogen, electrolyser targets

By: Martin Creamer     19th May 2022 The European Commission this week took firm steps to again boost green hydrogen production and electrolyser manufacture amid sharply rising consumption targets. The commission’s latest RePowerEU proposals include the raising of its 2030 renewable hydrogen consumption targets for industry to 75%,... 

Picture from archive.
Renewable hydrogen consumption targets elevated.

Agnico Eagle makes further investment in Cartier

By: Creamer Media Reporter      19th May 2022 Toronto-headquartered Agnico Eagle Mines has made a further investment of C$1.82-million in exploration company Cartier Resources, which explores in the Abitibi gold belt in Quebec. Agnico will subscribe for 14-million units in a nonbrokered private placement at C$0.13 each. Each unit comprises... 

Woodside shareholders back BHP merger

By: Esmarie Iannucci     19th May 2022 The shareholders of ASX-listed oil and gas major Woodside have voted overwhelmingly in favour of the merger with mining major BHP’s petroleum assets. More than 97% of the votes cast at the company’s annual general meeting on Thursday were done so in favour of the merger, which would give BHP... 

Image shows Woodside office building

Manganese mine rail-loading boost being assessed by South32 

By: Martin Creamer     19th May 2022 Diversified mining company South32 is assessing the potential expansion and modernisation of rail loading infrastructure at its Wessels manganese mine in South Africa’s Northern Cape, says South32 CEO Graham Kerr. Kerr, who presented at the Bank of America Global Metals, Mining & Steel Conference... 

Slide screenshot.
Accelerated operational decarbonisation.

Strike reaches offtake deal for potential urea project

By: Esmarie Iannucci     19th May 2022 ASX-listed Strike Energy has selected US-based Koch Industries as the preferred bidder for the 1.4 million tonnes a year of granulated urea to be produced from Strike’s proposed Project Haber fertiliser development, in Western Australia. The preferred bidder status was awarded after a... 

Bannerman takes a slice of Namibian rare earths

By: Esmarie Iannucci     19th May 2022 ASX, NSX and OTCQB-listed Bannerman Energy has struck a deal to acquire 41.8% shareholding in TSX-V listed critical minerals explorer Namibia Critical Metals Inc (NMI). NMI’s flagship asset is the 95%-owned, advanced and fully permitted Lofdal heavy rare earths project in Namibia, which is the... 

Rio agrees to Turquoise Hill funding amendments

By: Esmarie Iannucci     19th May 2022 Major Rio Tinto has agreed to amend a funding plan with Turquoise Hill Resources (TRQ) in order to provide liquidity of up to $400-million in short-term early advances, while TRQ evaluates a takeover offer from the mining giant. A Special Committee of TRQ is currently evaluating Rio’s C$34 per... 

Rio agrees to Turquoise Hill funding amendments

Collaboration needed to make South African mining globally competitive again – CSIR 

By: Martin Creamer     18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... 

Picture supplied.
CSIR CEO Dr Thulani Dlamini

Minto Metals signs offtake extension agreement with Sumitomo

By: Creamer Media Reporter      18th May 2022 TSX-V-listed Minto Metals has entered into an offtake extension agreement with Japan’s Sumitomo, which has agreed to buy all the copper concentrate produced at the Minto mine, in Yukon, for an additional four years. The agreement is for 50 000 dmt/y of concentrate and will be effective  until... 

Mountain Province discovers kimberlites at Kennady North

By: Mariaan Webb     18th May 2022 Diamond miner Mountain Province has discovered kimberlite in three of four targets tested at its Kennady North project, which surrounds the Gahcho Kué mine, in Northwest Territories. The company is midstride a 6 000 m drill programme, with 3 000 m having been completed. 

Caterpillar eyes energy transition as growth driver for mining business

By: Reuters     18th May 2022 Construction equipment maker Caterpillar believes demand for critical minerals as the clean energy transition gathers pace will translate to solid returns for its mining business, CEO Jim Umpleby said in an interview on Tuesday. The company is aiming at a global market worth about $5-trillion for... 

Champion Iron spots pellets opportunity in Sept-Iles, Québec

By: Mariaan Webb     18th May 2022 Canada-based iron-ore miner Champion Iron has announced the acquisition of the Pointe Noire pelletising plant, located next door to the port facilities that it currently uses, with a view of recommissioning the plant to produce direct reduction-grade pellets. A subsidiary of Champion will buy... 

South32 targets 20% output growth by 2023

By: Esmarie Iannucci     18th May 2022 Diversified miner South32 is expecting production volumes to grow by nearly 20% in the next financial year, compared with its 2021 production levels. CEO Graham Kerr told delegates at the Bank of America Global Metals, Mining & Steel Conference that the growth in output targeted for 2023 would... 

An image of South32 CEO Graham Kerr
South32 CEO Graham Kerr

BHP targets Jansen start in 2026

By: Esmarie Iannucci     18th May 2022 Diversified miner BHP is hoping to accelerate production at Stag1 of its Jansen potash project, in Canada. CEO Mike Henry told the Bank of America Global Metals, Mining & Steel Conference, that first production from the $5.7-billion Stage 1 project could be accelerated from 2027 to 2026.  

The Jansen project, in Canada
Photo by BHP
The Jansen project, in Canada

Burkina Faso rescuers find no survivors in flooded mine's rescue chamber

By: Reuters     17th May 2022 Rescue workers have found no survivors in a rescue chamber deep inside a flooded zinc mine in Burkina Faso, the government and the mine owner said on Tuesday, all but extinguishing hope that eight missing miners could still be alive after a month. The Perkoa mine, owned by Canadian firm Trevali... 

An image showing one of the galleries during a rescue operation inside Perkoa mine where water is still being pumped out, four weeks after a flood trapped eight miners inside the galleries, in Perkoa, Burkina Faso.
A view shows one of the galleries during a rescue operation inside Perkoa mine where water is still being pumped out, four weeks after a flood trapped eight miners inside the galleries, in Perkoa, Burkina Faso.

PGI’s latest jewellery review shows continued demand for premium platinum products

By: Darren Parker     17th May 2022 Market development organisation Platinum Guild International (PGI) has released its latest Platinum Jewellery Business Review (PJBR), in which it highlighted platinum’s prestigious image among jewellery retailers across the globe and their customers. “Platinum’s unique qualities continue to... 

a platinum ring

Law firm drawing on giga-scale hydrogen project experience to derisk new ventures  

By: Martin Creamer     17th May 2022 Lack of expertise about getting giga-scale hydrogen projects off the ground is a big problem in the industry, say Allen & Overy South Africa’s Alessandra Pardini and Alexandra Cluver, who believe they know how best it should be done from experience gained through project managing three of the... 

Pictures supplied
International law firm speaks to Mining Weekly’s Martin Creamer on giga-scale hydrogen projects. Video: Nicholas Boyd.

US coal companies struggle to cash in on Europe crunch

By: Reuters     17th May 2022  US coal producers are seeking to boost exports to cash in on soaring prices since Russia's invasion of Ukraine but face big headwinds including shipping bottlenecks, labor shortages, and a dismal long-term outlook discouraging investments in new mines. The outlook means the United States, which... 

US coal companies struggle to cash in on Europe crunch

China, US are racing to make billions from mining the moon's minerals

By: Bloomberg     17th May 2022 “There’s going to be a new world order out there, and we’ve got to lead it,” US President Joe Biden said after Russia’s war in Ukraine upended global geopolitics. Far from Earth, that transition is already happening. Just like in the era of Sputnik and Apollo more than half a century ago, world... 

Excellon scouting for Mexico acquisitions as Platosa winds down

By: Mariaan Webb     17th May 2022 Precious metals producer Excellon is actively pursuing acquisition opportunities in Mexico, as it heads towards the wind-down of its Platosa operations. On the Toronto- and New York-listed company’s wish list is acquisition opportunities for producing and development-stage assets, CEO Brendan... 

i-80 Gold to trade on NYSE

By: Creamer Media Reporter      17th May 2022 Nevada-focused i-80 Gold has been approved for listing and trading on the NYSE American. CEO Ewan Downie says listing on is a major achievement for the company, providing enhanced access to the world’s biggest and most liquid equity market. 

Woodside sees slim risk of big share selloff by BHP investors

By: Reuters     17th May 2022 Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group investors if Woodside's acquisition of BHP's petroleum business goes ahead in June,CEO Meg O'Neill said on Tuesday. Woodside shareholders are set to vote on Thursday on a $40-billion merger to create a top 10... 

Underground development starts at Ascot's Premier project

By: Mariaan Webb     17th May 2022 Vancouver-based Ascot Resources has begun underground development work at its C$224-million Premier gold project, British Columbia, and plans to initiate full-scale ramp development this month. The company is currently advancing the project with available liquidity, while it continues to look... 

Orca shareholders back Perseus' play

By: Esmarie Iannucci     17th May 2022 The shareholders of TSX-V listed takeover target Orca Gold have voted overwhelmingly in favour of the takeover offer from dual listed gold miner Perseus Mining. Orca this week announced that some 99.99% of the votes cast at the company’s shareholder meeting had been cast in favour of the... 

Johnson Matthey predicts smaller platinum surplus, palladium and rhodium deficits

By: Reuters     17th May 2022 A surplus in the platinum market should shrink this year and the palladium and rhodium markets are likely to move back into deficit, Johnson Matthey said in a report on Monday. The three metals are used in autocatalysts that reduce emissions from vehicle engines, with platinum also used in other... 

Boost for Quebec graphite as Nouveau Monde and Mason announce investment agreement

By: Mariaan Webb     16th May 2022 Critical mineral developers Nouveau Monde Graphite (NMG) and Mason Graphite on Monday announced an investment agreement, which would focus on the development and operation of Mason’s Lac Guéret property, in Quebec. Pallinghurst-backed NMG, which owns the Matawinie project in Quebec, would enter... 

Boost for Quebec graphite as Nouveau Monde and Mason announce investment agreement

Sibanye-Stillwater hoists first tons from R4bn 4 000-job K4 platinum project 

By: Martin Creamer     16th May 2022 The first tons have been hoisted at Marikana K4, Sibanye-Stillwater’s high-return resumed platinum group metals  (PGM) project, which was largely predeveloped and equipped when acquired from the now defunct Lonmin in 2019. “The K4 project is an unrivalled, top-tier project in the PGM industry,... 

Picture supplied.
The K4 headgear of the new platinum group metals shaft.

Gold prices buckle under pressure from 'King Dollar', higher yields

By: Reuters     16th May 2022 Gold prices fell more than 1% to their lowest in three-and-a-half months on Monday as elevated bond yields and a firmer US dollar dampened bullion demand, even as riskier assets dropped after grim China economic data. A stronger dollar makes gold expensive for overseas buyers, while higher... 

Adams replaces Pichette as Monarch director

By: Creamer Media Reporter      16th May 2022 Toronto-listed Monarch Mining has appointed Renaud Adams – former CEO of New Gold – to its board of directors, replacing Christian Pichette, who is retiring from his position of director. Welcoming Adams to Monarch’s board, chairperson Michel Bouchard said on Monday that the company was... 

Equinox suspends RDM operations pending TSF raise permits

By: Mariaan Webb     16th May 2022 TSX-listed Equinox Gold on Monday announced the suspension of operations at the RDM mine, in Brazil, pending regulatory approvals for the scheduled tailings storage facility (TSF) raise. The company said it applied for the permits for the TSF raise in 2021, but that it had not yet been granted. 

South Africa’s high-flying Jubilee creating 800 mostly long-term jobs in Zambia 

By: Martin Creamer     16th May 2022 Diversified metal recovery business Jubilee, which is rolling out an investment of R786-million in South Africa and Zambia, has offered employment and contractor opportunities to more than 800 people in Zambia, the most of which are long term, the company stated in a release on Monday. In Zambia,... 

Screenshot of website image and enhancement
Copper and cobalt in Zambia and platinum group metals and chrome in South Africa.
1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Latest News: Africa and Europe

Latest News: Australasia

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
Free daily email newsletter Register Now