https://www.miningweekly.com
R/€ = 19.61 Change: 0.03
R/$ = 16.71 Change: 0.04
Au 1888.35 $/oz Change: 0.45
Pt 902.31 $/oz Change: 32.43
 

North America News

Deep-South increases placement offering to $2.5m

By: Tasneem Bulbulia     30th September 2020 TSX-listed Deep-South Resources’ nonbrokered private placement is oversubscribed and the company will, therefore, increase the offering to $2.5-million. The company will proceed with a second closing during the first week of October. 

Cabinless, emissionless vehicle foretelling underground’s autonomous future  

By: Martin Creamer     30th September 2020 Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design places emphasis on the extent to which traditional human operation at the rockface is becoming a... 

Cabinless, emissionless vehicle foretelling underground’s autonomous future
Sandvik’s virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sandvik intelligent drill series continues to meet evolving customer demands

By: Simone Liedtke     30th September 2020 As rotary blasthole drill technology continues to advance, Sandvik’s iSeries family of intelligent drills continues to grow to meet evolving customer demands – as can be seen with the Sandvik DR410i drill rig. Considered a “compact, powerful, technologically advanced rig designed to produce the... 

Kinross buys Alaska gold project

By: Mariaan Webb     30th September 2020 Canadian miner Kinross Gold on Wednesday announced that it would acquire a 70% interest in the Peak Gold project, about 400 km south-east of the company’s Fort Knox mine. The project, which it is buying from Royal Gold and Contango ORE, for $93.7-million in cash, is seen as a low-risk “tuck-in”... 

Kinross buys Alaska gold project
Kinross plans to process ore from Peak Gold at its Fort Knox operation (pictured).

Aviation, other transport sectors accelerating adoption of hydrogen as a fuel source

By: Marleny Arnoldi     30th September 2020 The World Platinum Investment Council (WPIC) says developments in aviation – and across other modes of transport - are accelerating the adoption of hydrogen as a mainstream, sustainable fuel source. The council notes that aerospace company Airbus is not alone in believing that hydrogen... 

Sandvik launches new RDX5 rock drill

By: Simone Liedtke     30th September 2020 Following the virtual grand opening of its Rock Drill Innovation Centre, in Finland, Swedish mining gear and metal-cutting tools maker Sandvik launched its RDX5 rock drill on September 30. The rock drill builds on the success of “the most dependable rock drill in the market”, the HLX5, and... 

Geopolitics, social responsibility rise in the risk ranks for mining globally  

By: Marleny Arnoldi     30th September 2020 Mining executives across the world have ranked licence to operate, high-impact risks and productivity and rising costs as the top three risks facing their business over the next year. Multinational professional services firm EY's 'Top 10 Business Risks and Opportunities – 2021' survey for the... 

Geopolitics, social responsibility rise in the risk ranks for mining globally

Bowen completes Broadmeadow East buy

By: Esmarie Iannucci     30th September 2020 ASX-listed Bowen Coking Coal has completed the acquisition of the Broadmeadow East coking coal project from US major Peabody. The two companies in June this year struck an agreement allowing Bowen to acquire the Broadmeadow East project for a A$1-million cash consideration. Bowen would also pay... 

Rio Tinto wraps up Janice Lake 2020 campaign

By: Creamer Media Reporter      30th September 2020 Rio Tinto Exploration Canada (RTEC) has completed its summer exploration programme at the Janice Lake Sedimentary copper/silver project in northern Saskatchewan. TSX-V-listed Forum Energy Metals reports that a total of 25 holes have been completed for 818 m on seven targets. Assay results are... 

Stibnite comment period extended

By: Mariaan Webb     30th September 2020 The US Forest Service (USFS) has extended the comment period on the Stibnite gold project draft environmental impact statement to October 28, providing interested parties 75 days in total to submit feedback. The legal requirement is for a 45-day comment period and the USFS initially set down a... 

Stibnite comment period extended
Midas Gold Idaho CEO Laurel Sayer

Alcoa secures more gas in WA

By: Esmarie Iannucci     30th September 2020 Aluminum producer Alcoa has inked three new gas sales and purchase agreements that would supply 198 PJ of gas to its alumina refineries in Western Australia, starting from 2024. The company this week said that the agreements with Warrego Energy, ExxonMobil and Chevron, coupled with existing gas... 

Gold-buying by central banks seen climbing from near decade low

By: Bloomberg     30th September 2020 Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year. Citigroup Inc. sees demand from the official sector rising to about 450 tons after a drop to 375 tons this year, which would be the lowest in a... 

Chapada full capacity expected in 60 days – Lundin

By: Mariaan Webb     30th September 2020 Partial processing will resume at the Chapada copper/gold mine, in Brazil, within one week and a return to full capacity is expected to be achieved in 60 days, base metals miner Lundin Mining reported on Tuesday. The Chapada mine suffered an interruption at the weekend, when four mill motors... 

EV demand will spark lithium mining reinvention

By: Bloomberg     30th September 2020 Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium’s top executive. “The industry’s going to have some challenges as higher purity lithium compounds are required --... 

Court blocks Arch, Peabody thermal coal venture

By: Mariaan Webb     30th September 2020 Coal miners Peabody Energy and Arch Resources have terminated their proposed thermal asset joint venture (JV), after the US District Court’s ruling to block the transaction. In separate statements, the companies said on Tuesday that they were disappointed and disagreed with the verdict, arguing... 

Court blocks Arch, Peabody thermal coal venture

Diamcor to raise C$3.5m

By: Tasneem Bulbulia     29th September 2020 Dual-listed Diamcor Mining intends to complete a convertible loan financing of up to C$3.5-million. The financing will comprise unsecured convertible promissory notes with a term of two years from the closing date and bearing interest at the rate of 10% a year. 

Sandvik digitises mechanical cutting equipment to improve safety 

By: Simone Liedtke     29th September 2020 In addition to performance and extensive safety features, engineering company Sandvik says its mechanical cutting equipment also offer effective digital solutions to boost productivity, reduce operating costs and maximise equipment lifetime. One such mechanical cutting equipment solution is... 

Carbide recycling can create jobs for mine communities – Sandvik  

By: Martin Creamer     29th September 2020 The local extraction of carbide inserts can create job opportunities for communities living around mines – “a true win, win, win situation for society, our customers and ourselves”, Sandvik rock tools division VP Nina Axman enthused on Tuesday. Sandvik is developing a new recycling process that... 

Carbide recycling can create jobs for mine communities – Sandvik
Mining Weekly’s Martin Creamer reports on Sandvik’s mining innovation virtual event. Video: Darlene Creamer

Cleveland-Cliffs CEO says focus after ArcelorMittal deal is emissions

By: Bloomberg     29th September 2020 The head of Cleveland-Cliffs sees an “era of clean steel” ahead, and its main focus will be on cutting carbon emissions as it expands production of the metal with a second major acquisition this year. Cliffs, which on Monday said it will purchase the US operations of ArcelorMittal for... 

Tesla is trying to mine its own lithium after dropping M&A plan

By: Bloomberg     29th September 2020 Tesla secured its own lithium mining rights in Nevada after dropping a plan to buy a company there, according to people familiar with the matter. The automaker held discussions in recent months with Cypress Development, which is seeking to extract lithium from clay deposits in southwest Nevada,... 

Newtrax gives insight into its Collision Avoidance System during Sandvik conference

By: Simone Liedtke     29th September 2020 Heavy traffic, large equipment, poor visibility and blind spots create the potential for accidents in an industry that demands world-class operational performance and has the expectation of zero harm. Underground mining Internet of Things (IoT) service provider Newtrax believes its Collision... 

BC explorer Talisker to list on TSX

By: Mariaan Webb     29th September 2020 Explorer Talisker Resources has received conditional approval to list its shares on the TSX. The company will delist its shares from the Canadian Securities Exchange. “This listing will further increase our investment appeal and broaden our shareholder base in-line with our corporate growth... 

Nickel-cobalt developer Jervois unveils vertical integration plans

By: Esmarie Iannucci     29th September 2020 Australia-based Jervois Mining on Tuesday announced that it would buy the São Miguel Paulista refinery, in Brazil, advancing plans to transform the company into a vertically integrated producer when its Idaho cobalt operation, in the US, starts production. The company, which trades on the ASX... 

Nickel-cobalt developer Jervois unveils vertical integration plans
The Idaho site, in the US.

Perseus plans DFS at Bagoe

By: Esmarie Iannucci     29th September 2020 ASX- and TSX-listed gold miner Perseus Mining will undertake a definitive feasibility study (DFS) on the Bagoe gold project, in Cote d’Ivoire, after completing its acquisition of Exore Resources. Perseus in June this year made a A$59.8-million takeover offer for fellow listed Exore, which held... 

South Africa has 22 operating manganese mines – AmaranthCX ­ 

By: Martin Creamer     28th September 2020 South Africa has 22 operating manganese mines, with only four of them owned in part by Johannesburg Stock Exchange (JSE)-listed companies, AmaranthCX director Paul Miller has calculated. All are in the Northern Cape, except for four small mines well outside the Northern Cape in the North West,... 

South Africa has 22 operating manganese mines – AmaranthCX ­
Mamatwan manganese mine in South Africa's Northern Cape.

Piedmont signs lithium ore supply deal with Tesla, shares surge

By: Reuters     28th September 2020 Piedmont Lithium on Monday said it signed a five-year deal with Tesla to supply high-purity lithium ore mineral to the US electric carmaker, prompting an 83% surge in the Australian lithium miner's shares. The initial five-year agreement implies that Piedmont will supply about a third of its... 

Friedland outlines potential of Australian battery materials project

By: Mariaan Webb     28th September 2020 Mining entrepreneur Robert Friedland said on Monday that dual-listed Clean TeQ would be patient with the development of the Sunrise battery material project, in New South Wales, and that it would seek to develop the project with partners that understood the value of a responsible supply chain.... 

Friedland outlines potential of Australian battery materials project
Robert Friedland

Lion One publishes updated economics for its Fiji gold project

By: Marleny Arnoldi     28th September 2020 TSX-V- and ASX-listed Lion One Metals has published an updated preliminary economic assessment (PEA) for the Tuvatu gold project, on the island of Viti Levu, in Fiji. The updated PEA states that project’s gold production capacity can be at an average rate of 78 000 oz/y, at 8.6 g/t gold over a... 

First Majestic considers next steps in Mexico tax dispute

By: Marleny Arnoldi     28th September 2020 Canadian miner First Majestic Silver said on Friday it was considering its legal plan of action going forward in an ongoing tax dispute with Mexico. The dispute with the Mexican tax authority relates to a 2012 advance pricing agreement (APA) that was granted to a subsidiary of the company,... 

Cleveland-Cliffs to buy ArcelorMittal US assets in $1.4bn deal

By: Marleny Arnoldi     28th September 2020 NYSE-listed iron-ore and steel producer Cleveland-Cliffs on Monday announced a $1.4-billion deal with fellow-listed steel producer ArcelorMittal to acquire all its US operations and subsidiaries. Should the transaction close as planned during the last quarter of the year, it would make... 

Cleveland-Cliffs to buy ArcelorMittal US assets in $1.4bn deal
ArcelorMittal's Cleveland blast furnaces.

Pretivm CFO, exploration officer step down

By: Marleny Arnoldi     28th September 2020 TSX- and NYSE-listed Pretivm has announced that its finance VP Matthew Quinlan will take over as CFO, succeeding Tom Yip, who is stepping down from this role effective September 30. Yip will remain an executive VP of the company until October 30.  

Chapada suffers 'significant' damage to motors, guidance withdrawn

By: Mariaan Webb     28th September 2020 Canadian diversified miner Lundin Mining has withdrawn its 2020 guidance for the Chapada copper/gold mine, in Brazil, following a power outage that caused “significant” damage to the operation’s four SAG and ball mill motors. The operation suffered an outage on Saturday morning and when power... 

Lundin reports fatality at Portugal mine

By: Mariaan Webb     28th September 2020 Operations at the Neves-Corvo mine, in Portugal, have been suspended, following the death of a longtime employee at the mine on Friday. The accident occurred in an active production heading that was undergoing scaling activities, diversified miner Lundin Mining reported on Monday. The... 

Pandemic bolsters US demand for precious metals

By: Tasneem Bulbulia     25th September 2020 The Covid-19 pandemic has acted as a catalyst for furthering investment in gold and silver in the US, with a new wave of investors who have never bought precious metals before now considering investing in such assets, Monex Precious Metals broker Albert Johnston III said during an LBMA-hosted... 

Manganese market fundamentals reaffirmed at Tesla Battery Day

By: Marleny Arnoldi     25th September 2020 TSX-V-listed Giyani Metals Corporation says it is encouraged by the endorsement of high-purity manganese as a critical component of cathode chemistries, as discussed during the Tesla Battery Day event on September 22. Tesla announced that the cathode chemistry for its intermediate range... 

Manganese market fundamentals reaffirmed at Tesla Battery Day
Photo by Creamer Media
Manganese ore

Green hydrogen economy growing rapidly – Hatch 

By: Martin Creamer     25th September 2020 At Glencore’s Raglan Mine, in Canada, a closed loop, microgrid system converts excess wind power to hydrogen, which is then stored in tanks. During periods of low wind power, a fuel cell produces electricity from the stored hydrogen, and within the facility are also innovations such as a battery... 

Green hydrogen economy growing rapidly – Hatch
Photo by Raglan Mine
Glencore's Raglan Mine in Canada.

Precious metals set for worst week since March on rising dollar

By: Bloomberg     25th September 2020 Gold extended losses, capping a torrid week for precious metals, which are set for their biggest losses since the virus panicked markets in March. Bullion declined again on Friday as the US dollar rose, after touching the lowest since July a day earlier. The outlook for the global economic... 

Haile mine is a top-tier assets, says OceanaGold CEO

By: Mariaan Webb     25th September 2020 The Haile mine, in South Caroline, which has faced numerous challenges in its three years of operation, has long-term value and offers significant organic growth opportunities, says OceanaGold president and CEO Michael Holmes. In an updated technical report, based on mineral reserves, the... 

Haile mine is a top-tier assets, says OceanaGold CEO
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 for $119
Free daily email newsletter Register Now
Subscribe Close