https://www.miningweekly.com
R/€ = 19.75 Change: -0.10
R/$ = 17.85 Change: -0.23
Au 1621.93 $/oz Change: 0.45
Pt 729.88 $/oz Change: -17.67
 

North America News

Gold pauses after best week since 2008 as caution reigns

By: Bloomberg     Updated 13 minutes ago Gold edged lower after its best week since 2008 amid investor caution on policies aimed at mitigating the impact of the coronavirus pandemic. Bullion’s muted trading comes after the gold market was thrown into turmoil last week as the health crisis disrupted supply chains, creating a squeeze in... 

De Beers cancels third rough diamond sales cycle

By: Simone Liedtke     Updated 18 minutes ago Owing to public health restrictions on the movement of people and products in Botswana, South Africa and India, diamond miner De Beers will not hold its third rough diamond sales cycle of this year. As a result, De Beers is enabling sightholders to defer 100% of their Sight 3 allocations to later... 

Australia's Coronado to idle US operations as virus trips global economic growth

By: Reuters     Updated 1 hour 16 minutes ago Coronado Global Resources said on Monday it will temporarily halt metallurgical coal output from its U.S. operations due the global economic fallout of the coronavirus pandemic but will meet its current commitments. Operations at its other mine in Australia, Curragh, which accounts for 65% of... 

Proudly South African hydrogen breakthrough with Shell’s backing

By: Martin Creamer     Updated 1 hour 28 minutes ago At this time of huge coronavirus uncertainty, the chests of a group of engineers here must surely be bulging with pride following their major Proudly South African world breakthrough that could speed up the global deployment of hydrogen as a competitive universal and environmentally friendly... 

Proudly South African hydrogen breakthrough with Shell’s backing
Photo by Hydrox Holdings
Hydrox Holdings membraneless electrolyser.

Allegiance secures loan for New Elk restart

By: Esmarie Iannucci     Updated 1 hour 46 minutes ago ASX-listed Allegiance Coal has entered into a $25-million loan term sheet with credit asset manager Nebari Natural Resources Credit Fund, which could contribute to the capital required to start up the New Elk mine, in Colorado. The loan will have a 36-month term from the date of drawdown, with... 

The sky’s the limit for stimulus in Canada’s bid to salvage economy

By: Bloomberg     Updated 1 hour 49 minutes ago Canada’s policy makers unleashed the full power of the state on Friday, pledging open-ended support that could result in the largest government intervention in the economy since World War II. In a coordinated response to an increasingly bleak outlook, Prime Minister Justin Trudeau’s government... 

The sky’s the limit for stimulus in Canada’s bid to salvage economy
Canadian Prime Minister Justin Trudeau

Detour Lake worker tests positive for Covid-19

By: Creamer Media Reporter      Updated 1 hour 57 minutes ago Canadian gold miner Kirkland Lake has suspended nonessential work and visits to the Detour Lake mine site, in Ontario, after a worker tested positive for Covid-19. The company said at the weekend that the worker arrived on the mine site on March 12, began showing symptoms and self-isolated on... 

Trevali says processing impacted by Peru emergency extension

By: Simone Liedtke     Updated 2 hours 21 minutes ago The Santander zinc/lead mine is continuing to operate during Peru’s national emergency, but TSX-listed Trevali Mining reported on Friday that the country’s extension of the emergency would impact on processing at the 2 000 t/d operation. The Vanouver-based miner said that it would not be able to... 

'Mines are shedding jobs and SME suppliers'

By: Mariaan Webb     Updated 3 hours ago While Canada’s support for small businesses hit by the economic fallout of the coronavirus pandemic has been welcomed, the Mining Association of Canada’s president and CEO, Paul Gratton, says the entire economy needs to be protected to allow the country to respond when the recovery starts.... 

'Mines are shedding jobs and SME suppliers'

Rio sets aside A$25m for Covid-19 battle

By: Esmarie Iannucci     Updated 3 hours ago Major Rio Tinto has pledged $25-million in funding to support global grassroots community Covid-19 preparedness and recovery efforts. The additional investment would predominantly focus on value-in-kind opportunities, including the supply of masks and protective equipment to support emergency... 

Fitch Solutions says volatility to continue driving metals prices lower

By: Simone Liedtke     Updated 4 hours ago Research agency Fitch Solutions expects volatility to continue playing to the downside for metal prices in the coming weeks owing mainly to bearish investor sentiment on the back of the widespread Covid-19 pandemic. The agency notes that metal prices started the year on a strong footing as the... 

Fitch Solutions says volatility to continue driving metals prices lower

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 the coronavirus, South Africa would... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge

By: Martin Creamer     28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge
Photo by Creamer Media
Dr Patrice Motsepe and Dr Precious Moloi-Motsepe at Saturday's remote media conference using the Internet to ensure social distance.

Mitsubishi unpacks movement of PGM markets amid lockdowns

By: Marleny Arnoldi     27th March 2020 Mitsubishi Corporation International (MCI) says in its latest precious metals update that it expects South Africa’s platinum supply to reduce by around 7%, or by between 200 000 oz and 300 000 oz, in light of closed operations during South Africa’s 21-day national lockdown. The announcement by... 

Mitsubishi unpacks movement of PGM markets amid lockdowns

Covid-19 to further weaken US coal demand in an already diminishing market

By: Marleny Arnoldi     27th March 2020 US domestic demand for thermal coal will fall during the second quarter of the year as individual states shut down much of the industrial economy to try and stem the spread of Covid-19. This is according to Moody’s Investors Service, which states that, in broader terms, the global economy will... 

Covid-19 to further weaken US coal demand in an already diminishing market

Record Canadian gold price bolsters Pure Gold’s Red Lake bottom line

By: Tasneem Bulbulia     27th March 2020 Dual-listed Pure Gold Mining is progressing mine construction activities at its Pure Gold Red Lake mine, in Canada, ahead of schedule, supported by record gold prices. On Friday, gold prices have rallied to a record C$2 300 /oz, which translates directly to the project’s bottom line, resulting in... 

Record Canadian gold price bolsters Pure Gold’s Red Lake bottom line

Metals and mining M&A up in February relative to January

By: Rebecca Campbell     27th March 2020 Research and consultancy company GlobalData has reported that mergers and acquisition (M&A) activity in the global mining and metals sector during February was, in value, higher than in January, but still substantially lower than the average figure for the previous 12 months. It was also very far... 

Anglo American cuts South African iron-ore, coal guidance 

By: Donna Slater     27th March 2020 Diversified miner Anglo American is taking steps at its relevant operations in line with Covid-19-related regulations enforced in the various jurisdictions in which it operates around the world. It will also continue to provide a number of essential services, including security; mine... 

Covid-19 a wake-up call on import over-dependency – Madala

By: Martin Creamer     27th March 2020 The outbreak of Covid-19 internationally should be a wake-up call on the impact of South Africa’s dependency on imported products, Madala & Associates CEO Dilley Naidoo said on Friday. He urged that policies parallel to what was being implemented in the automotive sector should be prioritised in... 

Covid-19 a wake-up call on import over-dependency – Madala
Madala & Associates CEO Dilley Naidoo

Caterpillar says pandemic hits supply chain, demand

By: Tasneem Bulbulia     27th March 2020 The continued spread of the Covid-19 pandemic is beginning to impact on construction and mining equipment manufacturer Caterpillar's supply chain, a possibility the company previously disclosed in February. The US-based company indicated on Thursday that it was monitoring the situation closely... 

Glencore winds down most operations in line with Covid-19 restrictions 

By: Donna Slater     27th March 2020 Diversified mining and marketing company Glencore, with operations internationally, is winding down most of its operations and putting them on temporary care and maintenance as lockdowns are enforced in various countries to slow the spread of Covid-19. The London- and Johannesburg-listed company... 

Alaska’s Pebble project team keeps eye on RoD goal despite Covid-19 precautions

By: Mariaan Webb     27th March 2020 Canada’s Northern Dynasty said on Thursday that work on the Pebble project, in Alaska, continued to advance, despite the mandatory and voluntary steps that its US-based subsidiary implemented in response to the spreading of the novel coronavirus. The project developer confirmed that it still... 

Alaska’s Pebble project team keeps eye on RoD goal despite Covid-19 precautions

Coronavirus uncertainty sinks Alderon’s deal with Tunghsu

By: Mariaan Webb     27th March 2020 The volatility and uncertainty created by the outbreak of the Covid-19 pandemic has scuppered a potential deal that Canadian junior Alderon Iron Ore agreed with a Chinese partner and has now left the company scratching for money to repay a loan due by the end of this month. Alderon said on... 

Coronavirus uncertainty sinks Alderon’s deal with Tunghsu

Centerra reports better-than-expected production from its two flagship mines

By: Marleny Arnoldi     27th March 2020 TSX-listed Centerra Gold reported a strong operating performance from its two mines in 2019, exceeding the company’s consolidated gold production and cost guidance. The Kumtor and Mount Milligan mines, in Kyrgyzstan and Canada's British Columbia, respectively, together produced about 783 300 oz... 

Centerra reports better-than-expected production from its two flagship mines
Photo by Reuters
Centerra's Kumtor mine

Orex and Pan American Silver form JV to develop Mexico project

By: Tasneem Bulbulia     27th March 2020 Canada-based junior exploration company Orex Minerals has entered into an agreement to form a joint venture (JV) with TSX-listed Pan American Silver, through its subsidiary Plata Panamericana (Pan American), to further explore and develop the Sandra project, formerly the Sandra-Escobar project,... 

Freeport-McMoRan in talks over limited operations at Cerro Verde

By: Mariaan Webb     27th March 2020 NYSE-listed Freeport-McMoRan said on Thursday that it was in discussions with Peruvian authorities to allow the Cerro Verde mine to conduct limited operations during the country’s extended state of emergency, positioning the mine to return to normal operations when restrictions were lifted.... 

Freeport-McMoRan in talks over limited operations at Cerro Verde

Coronavirus slows US push to produce electric vehicle minerals

By: Reuters     27th March 2020 The coronavirus pandemic is hobbling US efforts to produce lithium, rare earths and other materials used in electric vehicles and high-tech equipment, dealing a blow to President Donald Trump's plan to curb Chinese control of the strategic minerals sector. As the pandemic has killed about 20 000... 

Coronavirus slows US push to produce electric vehicle minerals
Lithium Americas Thacker Pass project, in Nevada.

South32 cuts expenditure as operations are adjusted 

By: Esmarie Iannucci     27th March 2020 Diversified miner South32 has announced a $160-million cut to capital expenditure over the next 15 months, with the miner also announcing a number of operational changes in response to COVID-19. In response to a 21-day lockdown in South Africa, Soutnh32’s manganese assets in that country, along... 

South32 cuts expenditure as operations are adjusted
South32 CEO Graham Kerr

McEwen Mining scales back at Black Fox and Gold Bar

By: Tasneem Bulbulia     26th March 2020 Diversified gold and silver producer McEwen Mining will scale down both the Black Fox mine in Canada, and the Gold Bar mine, in the US, from March 26 for a period of 14 days to try to prevent the spread of Covid-19.  Certain production and exploration activities will continue at Gold Bar in areas... 

Maya improves daily production capacity by 40%

By: Marleny Arnoldi     26th March 2020 TSX-listed Maya Gold & Silver has expanded production capacity at its Zgounder silver mine, in Morocco. The company has all the necessary elements and infrastructure in place to process 700 t/d, which is a 40% increase on the prior production capacity of 500 t/d.  

Trevali puts Caribou mine on care and maintenance amid Covid-19 outbreak

By: Simone Liedtke     26th March 2020 TSX-listed Trevali Mining Corporation has announced the temporary suspension of operating activities at its Caribou mine near Bathurst, in New Brunswick. The temporary suspensions follow the deterioration of the global zinc market, which has been exacerbated by the continued challenges presented... 

Serabi delays results, suspends production guidance in Brazil

By: Marleny Arnoldi     26th March 2020 Aim- and TSX-listed Serabi Gold has announced that the publication of its yearly results will be delayed to no later than April 14, as allowed by the Canadian securities regulatory authorities. The company’s financial statements for the three months and year ended December 31, 2019, would have... 

Sumitomo suspends operations in Bolivia, Madagascar

By: Simone Liedtke     26th March 2020 Diversified miner Sumitomo Corporation has temporarily suspended operations at its Minera San Cristobal silver/zinc/lead mining project, in Bolivia, as well as the Ambatovy nickel project, in Madagascar, to prevent the spread of Covid-19. In Bolivia and Madagascar, all-day or night curfews have... 

Official gold holdings head for 34 000 t as global risks heighten 

By: Martin Creamer     26th March 2020 Central banks and supranational organisations, such as the International Monetary Fund and the Bank of International Settlements, currently hold nearly 34 000 t of gold as reserve assets, the World Gold Council reported on Thursday. The council puts the primary reason for recent gold buying down... 

Official gold holdings head for 34 000 t as global risks heighten
Photo by World Gold Council
Gold bars.

Sandvik to cut costs due to coronavirus impact, reduces dividend

By: Reuters     26th March 2020 Swedish mining gear and metal-cutting tools maker Sandvik on Thursday launched large cost-cutting measures in response to the rapid global spread of the coronavirus and said it would reduce its proposed dividend for 2019. While the company, a rival of Sweden's Epiroc and US group Kennametal,... 

Sandvik to cut costs due to coronavirus impact, reduces dividend

Sunrise ‘making steady progress’ with mine permitting for US project

By: Simone Liedtke     26th March 2020 Aim-listed Sunrise Resources on March 26 said it was making steady progress with the mine permitting process for its CS Pozzolan-Perlite project, in the US. The process is currently at a very advanced stage, the miner said, and all supplemental environmental reports have been accepted as... 

Caledonia’s Zim mine can weather supply chain disruption from South Africa

By: Marleny Arnoldi     26th March 2020 London- and TSX-listed Caledonia Mining Corporation expects its Blanket mine, in Zimbabwe, to suffer some knock-on effects as a result of the three-week national lockdown in South Africa to curb the spread of Covid-19. The company expects knock-on effects on the mine owing to many of its mining... 

Caledonia’s Zim mine can weather supply chain disruption from South Africa
Caledonia's Blanket gold mine, in Zimbabwe

Cardinal increases Namindi footprint in Ghana

By: Esmarie Iannucci     26th March 2020 Dual listed Cardinal resources has increased the mining license area of its Namindi gold project, in Ghana, more than three fold. The ASX- and TSX-listed company on Thursday reported that the mining license for Namindi had increased from an area of 19 km2 to 63 km2, with the license stretching... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

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
Free daily email newsletter Register Now
Register Close