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R/€ = 17.22 Change: -0.13
R/$ = 14.84 Change: -0.12
Au 1786.07 $/oz Change: -12.96
Pt 1031.59 $/oz Change: -14.64
 

North America News

Platinum's atypical alkaline electrolyser role lowering hydrogen cost outlook 

By: Martin Creamer     Updated 4 hours ago Platinum group metals (PGMs) are lifting the performance of an alkaline electrolyser, which is helping to lower the cost outlook of green hydrogen. PGMs have been incorporated in the catalytic coatings of the electrodes of the prototype Advanced Alkaline Electrolyser (AAE) alkaline electrolyser... 

Fossil-fuel divestment supported by investors with $39tr

By: Bloomberg     Updated 5 hours ago About 1 500 investment institutions overseeing a combined $39.2-trillion of assets are now committed to divesting from fossil fuels, according to a report issued Tuesday by DivestInvest. That’s a huge increase from $52-billion across 181 institutions in 2014, the first year the group tallied such... 

New discovery affirms Brucejack's district-scale potential

By: Mariaan Webb     Updated 6 hours ago Canadian miner Pretium Resources (Pretivm) has made a new high-grade gold exploration discovery at the Golden Marmot Zone of Brucejack, affirming the district-scale potential of its property in northern British Columbia. The gold mineralisation intersected at Golden Marmot occurred in the same... 

An image of the Brucejack mine

B2Gold sells Burkina Faso projects to West African

By: Creamer Media Reporter      25th October 2021 Canadian bullion miner B2Gold will sell its Kiaka project, in Burkina Faso, to Australia-listed West Africa Resources (WAF) for cash and shares, the company announced on Monday. B2Gold would sell 100% of Volta Resources, the holder of an 81% interest in the Kiaka gold project, for $450 000 in... 

Weekly SA coal report

25th October 2021 Coal prices came down to earth in a sustained sell-off last week, as the market tried to find a level amidst falling global natgas prices and Chinese domestic coal prices. Demand destruction, price caps and forced shutdowns of some parts of Chinese industry have helped reign in runaway makets.... 

An image of a table containing the latest spot coal prices

Gold hovers near key $1 800 level as softer dollar lifts appeal

By: Reuters     25th October 2021 Gold prices held firm on Monday near the key level of $1 800 as a drop in the US dollar bolstered bullion's safe-haven appeal, while investors cautiously eyed the next Federal Reserve meet for guidance on its monetary policy. Spot gold was up 0.6% at $1 803.06/oz, as of 08:58 GMT. US gold... 

An image of gold bars and coins.

Canadian junior signs final agreements for Sudan gold mine

By: Mariaan Webb     25th October 2021 Canadian junior Orca Gold is ready to proceed with the formal construction of a large commercial gold mine at Block 14, in northern Sudan, having last week signed all remaining development agreements with the government. Company president and CEO Richard Clark in a statement on Friday described... 

An image of an aircraft landing at an airstrip in Sudan
The newly completed airstrip at Block 14 cuts travel time from Khartoum and increases safety protocols for the operation.

Wodgina partners to restart operations

By: Esmarie Iannucci     25th October 2021 Joint venture (JV) partners Mineral Resources (MRL) and Albemarle Corporation have taken a decision to restart the Wodgina lithium mine, in the Pilbara. Wodgina, which was placed on care and maintenance late in 2019 due to low lithium prices, is expected to start concentrate production by the... 

Origin sells 10% stake in APLNG

By: Esmarie Iannucci     25th October 2021 ASX-listed Origin Energy has struck a $2.12-billion agreement with global energy investor EIG to sell a 10% interest in the Australia Pacific liquefied natural gas (LNG) project. “Divesting a 10% interest allows Origin to crystalise some of the significant value we have created in Australia... 

Gold’s inflation-haven appeal means 'voilent' run-up may be ahead

By: Bloomberg     25th October 2021 One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons. That’s the view of two of the biggest names in Canadian mining -- the former chiefs of Goldcorp, David Garofalo and Rob... 

An image of a gold bar

US appeals court hints at support for Rio's Resolution copper mine

By: Reuters     25th October 2021 A US appeals court on Friday questioned whether it had the power to override an act of Congress that gave Rio Tinto land in Arizona for its Resolution copper mine, which has been challenged by Native Americans. "It'd be nice if Congress or someone would make more sense out of this," said US... 

An image of people inspecting the Resolute operation

Canada’s First Nations see green hydrogen as an indigenous reconciliation opportunity 

By: Martin Creamer     25th October 2021 Hydrogen systems are not only going to be green, clean and low emission but they are also going to be local – and Canada’s First Nations see them as an indigenous reconciliation opportunity. “They’re going to be local energy systems,” Change Energy principal Rymal Smith said in response to Fasken... 

Creamer Media screenshot during Fasken webinar
Photo by Creamer Media
Bimaadzwin CEO Isadore Day

Metals rebound as world's energy crisis keeps roiling the market

By: Bloomberg     22nd October 2021 Base metals were mostly higher, paring a weekly slump, as the global energy crisis kept roiling the energy-intensive sector. The global energy shortage, fueled by record coal and gas costs, has forced metal output cuts from China to Europe, depleting inventories. Freeport-McMoRan, the world’s... 

Metals rebound as world's energy crisis keeps roiling the market

Australian coal giant turns China ban into a win with shipments from US

By: Bloomberg     22nd October 2021 China’s ban on Australian coal imports has proved a boon for Sydney-listed Coronado Global Resources, one of the world’s top producers of the metallurgical variety that’s key to steelmaking. With mines from the Appalachian mountains in the US to Australia’s Bowen Basin, geographical diversity... 

An image of Newcastle coal stacker
Newcastle coal stacker

Nevada Lithium lists in Frankfurt, applies for OTCQB trading

By: Mariaan Webb     22nd October 2021 Minerals explorer Nevada Lithium’s shares are now cross listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange (FSE). “There is significant demand from European investors for exploration and development stories like ours, and we are pleased that it will now be easier for... 

NorZinc’s Prairie Creek targets 261Mlb/y of zinc-equivalent

By: Mariaan Webb     22nd October 2021 TSX-listed NorZinc is starting on an updated definitive feasibility study for its Prairie Creek project, in the Northwest Territories, Canada, having completed a positive preliminary economic assessment (PEA). The PEA incorporates an updated mineral resource estimate of 9.8-million tonnes at... 

Low global copper supply imperils climate goals, Freeport CEO says

By: Reuters     22nd October 2021 Low global supplies of copper - a key metal used in wiring, electric vehicles and other electronics - will crimp global climate ambitions unless regulators green light more mines, the chief executive of Freeport-McMoRan said on Thursday. The warning comes as global leaders plan to discuss... 

Freeport CEO Richard Adkerson
Freeport CEO Richard Adkerson

Piedmont adds to Carolina resource

By: Esmarie Iannucci     22nd October 2021 Lithium miner Piedmont Lithium has increased the mineral resource estimate for its Carolina project to 44.2-million tonnes, grading 1.08% lithium oxide for about 1.1-million tonnes of lithium carbonate equivalent. About 774 000 t of this lithium carbonate equivalent resource has been estimated... 

Mine operators need to take hydrogen very seriously, law firm webinar hears 

By: Martin Creamer     22nd October 2021 Mine operators need to take hydrogen and fuel cells very seriously as a pathway to decarbonisation, a webinar hosted by law firm Fasken heard this week. “There’s no pathway to zero carbon that does not include hydrogen and fuel cells,” H2GO Canada CEO Bob Oliver stated emphatically in response to... 

Creamer Media screenshot
Photo by Creamer Media
From to left, clockwise, Dan Brock, Isadore Day, Al Davidson, Rymal Smith and Bob Oliver.

Diamcor tender generates R483 000 in revenue

By: Tasneem Bulbulia     21st October 2021 TSX-listed junior diamond miner Diamcor Mining says it continues to achieve significant results in this quarter’s initial tender and sale of rough diamonds recovered from the processing of quarry material through its recently upgraded processing facilities at the  Krone-Endora at Venetia project... 

Denison sells Goviex shares, warrants for $41.6m

By: Creamer Media Reporter      21st October 2021 Dual-listed Denison Mines has entered into a private agreement to sell shares and warrants that it held in Africa-focused explorer and developer GoviEx Uranium for investment purposes for $41.6-million. Denison will sell 32.5-million common shares, currently held for investment purposes, and... 

BHP studies the potential for using nickel mine waste to capture carbon

By: Reuters     21st October 2021 BHP Group is looking at the potential to use the waste from its Australian nickel mining operations to capture and store carbon and will conduct field trials this financial year. It is also harnessing new technologies to look deeper underground for minerals critical to the energy transition like... 

An image of Laura Tyler
BHP chief technical officer Laura Tyler

No zero carbon without green hydrogen, US pledging $1/kg coal-parity price 

By: Martin Creamer     21st October 2021 The world will be unable to meet its zero-carbon targets without the introduction of green hydrogen solutions, says Plug Power chief strategy officer Sanjay Shrestha, at a time when the US has launched a programme to cut the cost of clean hydrogen by 80%. Nasdaq-listed Plug Power, a pure play... 

Creamer Media Screenshot
Photo by Creamer Media
Plug Power chief strategy officer Sanjay Shrestha

Search Minerals and USA Rare Earth deepen relationship

By: Creamer Media Reporter      21st October 2021 Critical mineral companies Search Minerals and USA Rare Earth have deepened their relationship with a nonbinding memorandum of understanding for an offtake of 500 t/y of neodymium/praseodymium from future production at the Deep Fox and Foxtrot deposits, in Labrador, Canada. Almost a year ago,... 

Diamonds, iron-ore drive 2% rise in Anglo American's third-quarter output  

By: Simone Liedtke     21st October 2021 Diversified miner Anglo American achieved a 2% increase in production for the third quarter, ended September 30, which CEO Mark Cutifani largely attributed to planned higher rough diamond production at its De Beers subsidiary, as well as increased production from the Minas-Rio iron-ore project,... 

A photo of Mark Cutifani, CEO of Anglo American
Photo by Bloomberg
Anglo American CEO Mark Cutifani

De Beers tightens full-year output guidance at 32m carats

By: Chanel de Bruyn     21st October 2021 Diamond miner De Beers expects to produce about 32-million carats for the full-year, which is at the lower end of its initial guidance of 32-million to 33-million carats. Reporting on its production performance in the third quarter ended September 30, the Anglo American subsidiary said demand for... 

A photo of rough diamonds

Millennials, Gen Z consumers the driving force of future platinum purchases

By: Simone Liedtke     21st October 2021 Global consumer markets such as China, India and the US are steadily recovering from the Covid-19 pandemic, with luxury shoppers showing greater optimism and improved consumer sentiment across all categories, especially precious platinum jewellery, the Platinum Guild International (PGI) has... 

Global exploration budget seen increasing in 2022

By: Creamer Media Reporter      21st October 2021 The mining exploration sector has emerged strongly from the downturn caused by the Covid-19 pandemic, with the aggregate global nonferrous exploration budget having increased by 35% year-on-year to $11.2-billion. This is according to S&P Global Market Intelligence principal metals and mining... 

Allegiance raises A$30m for Alabama mine buy

By: Esmarie Iannucci     21st October 2021 ASX-listed Allegiance Coal will raise A$30-million through a share placement to institutional and professional investors to fund the acquisition of the Short Creek mine, in Alabama, and to bring the project into production. Allegiance on Thursday announced that it had entered into an agreement... 

South32 keeps its pace

By: Esmarie Iannucci     21st October 2021 Diversified miner South32 has maintained its production guidance for its 2022 financial year, following a strong first quarter. The miner on Thursday reported a 10% decline in alumina production, compared with the fourth quarter of the 2021 financial year, reaching 1.2-million tonnes, while... 

US plan would block Antofagasta Minnesota copper mine

By: Reuters     21st October 2021 The US Forest Service on Wednesday proposed a 20-year ban on mining in Minnesota's Boundary Waters region, a step that would block Antofagasta's Twin Metals copper and nickel mine project. The announcement reversed a decision by former President Donald Trump and set off a review of how mining... 

An image of a nature landscape

Anglo appoints all-rounder to board and audit, remuneration committees

By: Marleny Arnoldi     20th October 2021 Diversified miner Anglo American has appointed Ian Tyler nonexecutive director, effective January next year, and as chairperson of both the audit and remuneration committees, effective April next year. Anne Stevens and Dr Byron Grote will step down as nonexecutive directors in April 2022,... 

Chinese sovereign mint launches platinum Panda coins

By: Marleny Arnoldi     20th October 2021 The People’s Bank of China has launched a set of Panda precious metal coins, in celebration of the iconic Panda series’ fortieth anniversary on October 20. The range includes the first platinum Pandas to be released since 2005.  

People's Bank of China Panda 2022 platinum coin
People's Bank of China Panda 2022 platinum coin

Frontier produces battery-quality lithium hydroxide

By: Creamer Media Reporter      20th October 2021 Frontier Lithium has successfully produced battery-quality lithium hydroxide monohydrate through a third-party firm using its cristillisation process technology from a purified lithium hydroxide solution. The lithium salts were produced from ‘ore-to-hydroxide’ sulphate conversion by a... 

$4bn sustainability-financing facility for Teck

By: Creamer Media Reporter      20th October 2021 Canadian miner Teck Resources has executed a $4-billion sustainability-linked credit facility, under which the price the company pays will increase or decreased based on its performance in reducing carbon emissions, improving health and safety and strengthening gender diversity in its workforce.... 

ioneer/Sibanye-Stillwater deal gets Reserve Bank approval

By: Esmarie Iannucci     20th October 2021 The Financial Surveillance Department of the South African Reserve Bank (SARB) has approved a $490-million deal between ASX-listed ioneer and New York-listed miner Sibanye-Stillwater. The two companies in September struck the $490-million deal under which Sibanye-Stillwater would acquire 50%... 

Toth to head Newmont’s strategic development

By: Creamer Media Reporter      20th October 2021 Bullion major Newmont will appoint Peter Toth as executive VP of strategic development in July next year. Toth most recently served as an executive of Rio Tinto, where he was responsible for the group’s strategy, sustainability and portfolio transformation efforts. Prior to joining Rio Tinto,... 

An image of Peter Toth
Peter Toth

Vale to slow down iron-ore production in Q4 due to low prices

By: Reuters     20th October 2021 Brazilian miner Vale said on Tuesday it was slowing down production of low-margin iron-ore in the fourth quarter by about four-million tonnes due to low prices, and could cut back output in 2022 if prices did not rise. Vale said in a securities filing that iron ore output for the year is now... 

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