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North America News

Retiring Glasenberg handing over Glencore reins to Gary Nagle 

By: Martin Creamer     4th December 2020 Glencore CEO Ivan Glasenberg announced on Friday that he would be handing over the reins of the global mining and marketing company in mid-2021 to top Glencore executive Gary Nagle, who has served the company for more than two decades and is well-known in South Africa, where he ran Glencore’s... 

Glencore spells out emission-reduction pathway to 2050 

By: Martin Creamer     4th December 2020 Diversified mining and marketing company Glencore on Friday announced its ambition to be a net-zero emissions company by 2050. Glencore set out the pathway towards reducing its total emissions footprint by 40% by 2035, taking in Scope 1, 2 and 3. 

Glencore spells out emission-reduction pathway to 2050
Photo by Bloomberg
Ivan Glasenberg, who is handing Glencore reins to Gary Nagle.

Horizonte expects to conclude financing by mid-2021

By: Marleny Arnoldi     4th December 2020 TSX- and Aim-listed Horizonte Minerals reports that the Araguaia nickel project, in Brazil, is steadily moving towards construction, with the company having completed the value engineering phase. This phase included improvements made to the plant design and flow sheet to optimise the project’s... 

Horizonte expects to conclude financing by mid-2021

Explorer Tempus to list in Canada

By: Esmarie Iannucci     4th December 2020 Junior explorer Tempus Resources will start trading on the TSX-V on December 7, under the symbol TMRR. “Listing on the TSX-V exchange is a key part of our strategy to further open up investment in the company and access capital from North America, in particular,” said MD Brendan Borg on Friday.... 

Arcadia seeks JV partners or buyers for Wyoming prospect

By: Marleny Arnoldi     4th December 2020 Wyoming-based rare earths explorer Arcadia Minerals has asked EnerCom to assist in identifying potential joint venture (JV) partners or buyers for its properties. Arcadia owns two proven resource blocks on 1 133 ha located in Wyoming, containing zirconium, titanium and rare earths.  

Arcadia seeks JV partners or buyers for Wyoming prospect
Rare earth oxides

Copper surges as fears build for post-pandemic shortage

By: Reuters     4th December 2020 Copper in London hit the highest in more than seven years amid deepening concerns that miners will struggle to match demand as a global recovery bolsters this year’s China-driven boost. The metal used in wires and cables is on the cusp of a fifth weekly advance, in a powerful rally fueled by... 

Copper surges as fears build for post-pandemic shortage

US Senate committee approves Bill for uranium reserve

By: Creamer Media Reporter      4th December 2020 The US Senate Committee on Environment and Public Works (EPW) has approved the bipartisan Bill that includes a yearly programme for a national strategic uranium reserve EPW Senate committee chairperson Senator John Barrasso stated on Thursday that the American Nuclear Infrastructure Act would... 

US Senate committee approves Bill for uranium reserve

Trump sets Jan 6 auction of Arctic Refuge drilling rights

By: Bloomberg     4th December 2020 The Trump administration announced it will sell oil drilling rights in the Arctic National Wildlife Refuge on January 6 -- an auction that would complicate President-elect Joe Biden’s vow to “permanently protect” the rugged reserve in northeast Alaska. A formal “notice of sale” is set to be... 

Trump sets Jan 6 auction of Arctic Refuge drilling rights

Investment in green hydrogen production to exceed $1bn by 2023 − IHS Markit 

By: Marleny Arnoldi     3rd December 2020 Investment in the production of hydrogen powered by renewable sources, or green hydrogen, is likely to exceed $1-billion by 2023, says research agency IHS Markit. The agency attributes an elevated investment outlook to falling costs and policy support from governments that are looking to shift... 

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers 

By: Donna Slater     3rd December 2020 Although lockdowns across the world have had a significantly negative impact on diamond sales, demand is beginning to gain traction again as the industry nears the popular Christmas selling season and certain regions emerge from months-long strict lockdowns, says De Beers CEO Bruce Cleaver.... 

Despite lockdown slump, diamonds to remain precious post-Covid-19 – De Beers
Photo by Creamer Media's Donna Slater
De Beers' Venetia open-pit diamond mine

Glencore, China’s GEM extend strategic cobalt partnership 

By: Martin Creamer     3rd December 2020 Diversified mining and marketing company Glencore has extended its partnership with GEM of China for the supply of cobalt hydroxide by another five years. Both companies have also formally embedded responsible sourcing and sustainability into the contractual relationship. 

Glencore, China’s GEM extend strategic cobalt partnership
Glencore CEO Ivan Glasenberg

Northern Dynasty to appeal Army Corp’s Pebble decision

By: Mariaan Webb     3rd December 2020 Canadian firm Northern Dynasty on Thursday announced that its US-based subsidiary, Pebble Limited Partnership, would appeal the US Army Corps of Engineers’ (USACE's) issuance last week of a negative record of decision (RoD) for the proposed Pebble mine in south-west Alaska. The RoD issued by the... 

Northern Dynasty to appeal Army Corp’s Pebble decision

BHP says copper output needs to double in 30 years, criticises pricing system

By: Reuters     3rd December 2020 Copper production must double in the next 30 years to meet demand driven by global trends towards decarbonisation and electrification, a senior BHP executive said on Thursday. Copper, widely used in power and construction, is well placed to benefit from the decarbonisation targets of some the... 

BHP says copper output needs to double in 30 years, criticises pricing system

Merger consolidates BC copper district

By: Creamer Media Reporter      3rd December 2020 Juniors Serengeti Resources has announced that it will acquire fellow TSX-V-listed Sun Metals, consolidating the contiguous copper/gold exploration assets of Kwanika and Stardust, both of which will benefit from operational synergies as the projects advance, along with a portfolio of British... 

Yamana's generative exploration programme yielding results

By: Creamer Media Reporter      3rd December 2020 Despite limited drilling activity owing to Covid-19-related restrictions, Canadian miner Yamana Gold says its generative exploration programme has made significant progress, strengthening the company’s conviction that it will meet its objective of discovering a standalone project with inferred... 

Battery costs fall, make electric vehicles cheaper - BMI

By: Reuters     3rd December 2020 The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI). One barrier to a higher take up of electric vehicles has been the high... 

Battery costs fall, make electric vehicles cheaper - BMI

Piedmont granted US air permit

By: Esmarie Iannucci     3rd December 2020 Lithium developer Piedmont Lithium has been granted a key permit for chemical operations at its planned 22 700 t/y lithium hydroxide chemical plant, in King Mountain, North Carolina. The company on Thursday told shareholders that the North Carolina Department of Environmental Quality’s... 

Blackstone to start trading in the US

By: Esmarie Iannucci     3rd December 2020 Junior Blackstone Minerals will start share trading on the US-based OTCQB Market under the code BLSTF. The base metals developer said on Thursday that the US trading platform would enhance the company’s visibility and the accessibility by North American investors, and followed after significant... 

Chevron appoints new Australia chief

By: Esmarie Iannucci     3rd December 2020 US energy major Chevron has tapped Mark Hatfield, currently VP of its Gulf of Mexico business unit, to become MD of Chevron Australia and head of the Australasia business unit, effective March 1. Hatfield succeeds Al Williams, who has been appointed VP of corporate affairs for Chevron... 

Barrick hits back PNG Treasurer over tax allegations

By: Creamer Media Reporter      2nd December 2020 Barrick Niugini (BNL), which operates the Porgera joint venture mine in Papua New Guinea, has dismissed statements by the country’s Treasurer Ian Ling-Stuckey about the company’s tax payments. “BNL disagrees with the premise of the calculations used by the Treasurer in making his assertions... 

Insurers might be shunning coal, but they still like fossil fuels

By: Bloomberg     2nd December 2020 Even as more insurers across the globe back away from coal, many in the US continue to encourage fossil fuel pollution by underwriting the risk involved in oil and gas exploration and production. At least 65 insurers representing $12-trillion worth in assets have either begun divesting coal... 

Lead hits 1-year high on mine disruption but oversupply looms

By: Reuters     2nd December 2020 Mine disruptions have helped lead prices rally to one-year highs but plunging imports of the metal in top consumer China will mean an oversupplied market that will cap further gains despite sustained demand from the battery sector. Also contributing to lead's 20% rise since the middle of October... 

Copper bull market now fully under way – Goldman Sachs 

By: Martin Creamer     2nd December 2020 The bull market for copper is now fully under way with prices reaching their highest level since 2017, Goldman Sachs International commodities research analysts reported on December 1. Also on December 1, Mining.com reported that the copper price was trading at its highest since March 2013 on... 

Copper bull market now fully under way – Goldman Sachs
Copper smelting.

SolGold delays Alpala PFS to 2021

By: Mariaan Webb     2nd December 2020 Dual-listed SolGold has delayed the delivery of the prefeasibility study (PFS) for the Alpala project in the Cascabel concession in Ecuador, citing restrictions related to Covid-19 and the changes to the infrastructure, mine design and production schedules. The PFS was initially planned for... 

Sasol's JV with LyondellBasell now established

By: Reuters     2nd December 2020 South Africa's Sasol said on Wednesday its Louisiana Integrated Polyethylene joint venture (JV) with chemical company LyondellBasell Industries had been established, following closure of the deal on Dec. 1. LyondellBasell agreed in October to acquire a 50% stake in Sasol's base chemicals business... 

Sasol's JV with LyondellBasell now established

Chalice beats raising expectations

By: Esmarie Iannucci     2nd December 2020 Dual listed Chalice Gold Mines has beaten its capital raise targets with the company on Wednesday revealing it had received firm commitments for a A$100-million share placement to sophisticated, professional and institutional investors. In addition to the placement, the company will also... 

New World raises exploration funds for Arizona

By: Esmarie Iannucci     2nd December 2020 Junior New World Resources will raise A$10-million to accelerate drilling at its Antler copper project, in Arizona. The ASX-listed company on Wednesday noted that 200-million new fully paid ordinary shares would be placed to institutional, sophisticated and professional investors at a price of... 

OceanaGold gets approvals at Macreas

By: Esmarie Iannucci     2nd December 2020 Dual listed gold miner OceanaGold has been granted consent to extend the mine life of its Macreas operation, in New Zealand’s South Island, to 2028. The miner on Wednesday reported that it has received permits for the Golden Point underground mine, the Deepdell North Stage 3 openpit extension... 

OceanaGold gets approvals at Macreas

Trump taps loan programme he tried to kill to help mineral mining

By: Bloomberg     1st December 2020 The Trump administration is tapping an Energy Department clean-energy loan program it tried to kill to help uranium producers, as well as miners of other minerals deemed critical by the administration. The Energy Department announced Tuesday that it will issue guidance giving preference to... 

Trump taps loan programme he tried to kill to help mineral mining
US President Donald Trump

Teck looks to boost Chinese coal sales amid stalled Australian shipments

By: Reuters     1st December 2020 Canada's Teck Resources looks to boost shipments of steelmaking coal to China next year, CEO Don Lindsay said on Tuesday, hoping to take advantage of unofficial curbs on Australian imports that have stranded dozens of shipments. China has unofficially banned Australian coal imports since October... 

Teck looks to boost Chinese coal sales amid stalled Australian shipments
Teck CEO Don Lyndsay

Oyu Tolgoi board orders independent review of cost overruns

By: Mariaan Webb     1st December 2020 An independent firm of experts is set to review the cost overruns and delays experienced at the Oyu Tolgoi underground project, in Mongolia, Rio Tinto-controlled Turquoise Hill announced on Tuesday. The board of Oyu Tolgoi, 66% owned by Turquoise Hill and 34% by State-owned Erdenes Oyu Tolgoi... 

Oyu Tolgoi board orders independent review of cost overruns

Ivanhoe secures funding to buy underground mining equipment for Kamoa-Kakula

By: Creamer Media Reporter      1st December 2020 Kamoa Holding, the joint venture (JV) company holding the Kamoa-Kakula copper project, in the Democratic Republic of Congo, has secured an equipment financing facility of up to €176-million (about $211-million), along with a $9-million down-payment facility. The two facilities will be used to buy... 

Proposed expansion moves Copper Mountain to $1bn asset value

By: Mariaan Webb     1st December 2020 TSX- and ASX-listed Copper Mountain Mining has announced a new life-of-mine (LoM) plan, which includes a proposed mill expansion to 65 000 t/d, for its 75%-owned namesake mine in southern British Columbia. The new LoM plan increases Copper Mountain’s aftertax net present value by more than 60%... 

Proposed expansion moves Copper Mountain to $1bn asset value

Platinum jewellery performs well in the third quarter

By: Tasneem Bulbulia     1st December 2020 Platinum jewellery performed well in the four key international platinum jewellery markets of China, India, Japan and the US in the third quarter, Platinum Guild International's (PGI’s) Platinum Jewellery Business Review (PJBR) for the period has found,. During the quarter under review, China’s... 

Hydrogen investment by PGMs-linked fund bodes well for South Africa 

By: Martin Creamer     1st December 2020 A new investment in hydrogen, made by the sustainability-focused AP Ventures, bodes well for South Africa. AP Ventures, an independent venture capital fund that invests in early-stage companies that use platinum group metals (PGMs), has invested €5-million equity in HPNow, which has introduced a... 

Hydrogen investment by PGMs-linked fund bodes well for South Africa
Building back better with green hydrogen peroxide.

Metal prices expected to average higher in 2021 amid recovery from Covid-19 – Fitch Solutions

By: Donna Slater     1st December 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects miners and metal producers to experience a more favourable pricing environment in 2021 with nearly all mineral and metal prices forecast to average higher on a... 

Rio Tinto faces threat of legal action from investor in Mongolian project

By: Reuters     1st December 2020 Rio Tinto said on Tuesday that it would not offer any comment in response to a threat of legal action from the largest minority shareholder in its Mongolian copper project Oyu Tolgoi. Rio Tinto operates what is slated to become the world's third-largest copper mine which is jointly owned by the... 

Rio Tinto faces threat of legal action from investor in Mongolian project

Canada extends security review of Shandong’s TMAC buy

By: Mariaan Webb     1st December 2020 Canada has extended the national security review of China-based Shandong Gold’s acquisition of TMAC Resources by a further 45 days, the Toronto-listed takeover target reported on November 27. Shandong has offered C$230-million for struggling TMAC, throwing a lifeline to the Hope Bay property in... 

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