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North America News

Super-cycling PGMs being shielded from demand-hit repeat of 2000s – Froneman

By: Martin Creamer     Updated 2 hours 31 minutes ago Platinum group metals (PGMs) are moving into a super cycle and producers are working with end-users to prevent the metals going through a demand-destruction phase as took place in the early 2000s, Sibanye-Stillwater CEO Neal Froneman told the BMO conference on Monday. Speaking on a YouTube... 

Mining deals to pick up as world reopens, leading adviser says

By: Bloomberg     Updated 2 hours 50 minutes ago Deals among cashed-up mining companies are poised to pick up once lingering uncertainties from the pandemic dissipate, according to the most-active investment bank in the industry. Miners are flush with cash and ready to expand through acquisitions, with resurgent demand and supply shortfalls... 

Equinox Gold ups stake in Hardrock project

By: Mariaan Webb     Updated 4 hours ago Bullion miner Equinox Gold has entered into an agreement with an affiliate of the Orion Mine Finance Group to acquire an extra 10% of the Hardrock project, in Ontario, for $51-million, the company announced on Monday. The fully permitted and construction-ready gold project is currently owned 50%... 

To go electric, America needs more mines. Can it build them?

By: Reuters     Updated 4 hours ago Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer, an Australian firm that wants to mine the lithium that lies beneath the flowers for use in electric vehicle (EV)... 

To go electric, America needs more mines. Can it build them?
Looking over Rhyolite Ridge South Basin, where Australian firm ioneer is planning to mine lithium used in electric vehicle batteries.

Combination with Freeport had a lot of logic - Barrick CEO

By: Reuters     1st March 2021 Barrick Gold CEO Mark Bristow said on Monday that a combination with copper miner Freeport McMoRan "had a lot of logic to it" even though a deal between the companies did not pan out. Freeport CEO Richard Adkerson told Reuters on Thursday he has no desire to combine Freeport with Barrick or... 

Combination with Freeport had a lot of logic - Barrick CEO
Mark Bristow

Endeavour pivots to exploration to shake 'M&A junkie' image after deal spree

By: Reuters     1st March 2021 Canadian gold firm Endeavour Mining, which is preparing for a London listing late next quarter, is switching its focus to integrating new mines after a $2.7-billion acquisition spree in West Africa last year spooked some investors. The group, whose share price has underperformed a wider index of... 

Endeavour pivots to exploration to shake 'M&A junkie' image after deal spree
Sebastien de Montessus

Former TMAC CEO joins Kirkland Lake, Vaz promoted to COO

By: Mariaan Webb     1st March 2021 Triple-listed Kirkland Lake Gold on Monday that it had promoted Natasha Vaz to the role of COO and that former TMAC Resources CEO Jason Neal would join the company. Vaz was most recently senior VP technical services. In her new role, she would provide leadership and management oversight for the... 

Platinum jewellery had a strong fourth quarter, says the PGI

By: Marleny Arnoldi     1st March 2021 In the fourth quarter of last year, platinum outperformed other jewellery categories such as gold and delivered remarkable 14% year-on-year growth in fabrication. The Platinum Guild International (PGI) reports that, although China’s economy ended on a high note in the fourth quarter, retail... 

Platinum jewellery had a strong fourth quarter, says the PGI

Latin Resources to test, define various lithium deposits in Minas Gerais

By: Marleny Arnoldi     1st March 2021 ASX-listed Latin Resources has announced it will start exploration work on its lithium projects, held by its wholly-owned Brazilian subsidiary Mineracao Ferro Nordeste, in the Jequitinhonha valley region of Minas Gerais. The assets collectively represent 11 tenements named the Salinas lithium... 

Gahcho Kué workers return to site after Covid suspension

By: Mariaan Webb     1st March 2021 Toronto-listed Mountain Province Diamonds has started a ramp-up to resume operations at the Gahcho Kué mine, where production was suspended on February 6 after experiencing several cases of Covid-19. CEO Stuart Brown said on Friday that plans to mitigate the loss of production were being... 

 Gahcho Kué workers return to site after Covid suspension

Musk says nickel is 'biggest concern' for EV batteries

By: Bloomberg     1st March 2021 Elon Musk has had it with nickel. It’s scarce and expensive, so the chief executive officer of electric-carmaker Tesla tweeted last week that the company’s shifting some cars to a type of battery that uses iron instead. Musk has previously pleaded with miners to produce more nickel. Supplies... 

Musk says nickel is 'biggest concern' for EV batteries
Elon Musk

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision  

By: Martin Creamer     1st March 2021 The surge of the hydrogen economy, the need to recycle, halving Scope 3 emissions through iron-ore-linked green steelmaking, assisting South Africa to create new industries, and becoming a one-stop material solutions provider, were among the issues discussed by Anglo American CEO Mark Cutifani in... 

Anglo CEO talks hydrogen, recycling, Scope 3, material solutions provision
Anglo American CEO Mark Cutifani interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Mexican mining chamber warns uncertainty to bring investment cuts

By: Reuters     1st March 2021 Mexico's large mining sector will likely see some recovery this year after 2020's pandemic-induced slump, but a key industry leader said he fears rising political risk will drag down growth as companies focus new investments elsewhere. Fernando Alanis, president of Mexican mining chamber... 

Mexican mining chamber warns uncertainty to bring investment cuts

Fitch raises metals, mining price assumptions in line with returning demand, low inventories 

By: Donna Slater     26th February 2021 Ratings agency Fitch Ratings has revised some of its metals and mining price assumptions in line with that it sees as commodity prices being set to benefit in the short term from returning demand, as well as slow supply response and low inventories. The agency’s revision of all iron-ore price... 

Fitch raises metals, mining price assumptions in line with returning demand, low inventories

Calibre gets a new CEO

By: Creamer Media Reporter      26th February 2021 Vancouver-headquartered gold miner Calibre Mining on Friday announced that Russell Ball was stepping down as CEO and director, citing personal reasons for his immediate departure from the company. Senior VP and COO Darren Hall has been appointed president, CEO and director. 

Calibre gets a new CEO
Darren Hall has been promoted to CEO of Calibre Mining

Endeavour hikes 2021 guidance, proceeds with Phase 1 expansion in Senegal

By: Mariaan Webb     26th February 2021 Toronto-listed Endeavour Mining has increased its guidance for 2021 to include production from the recently integrated Sabodala-Massawa and Wahgnion mines, following completion of the Teranga Gold acquisition. The consolidated 2021 production guidance for continuing operations has increased from... 

Endeavour hikes 2021 guidance, proceeds with Phase 1 expansion in Senegal

Eldorado gold output up 34% despite Covid impacts

By: Mariaan Webb     26th February 2021 Canadian miner Eldorado Gold has bolstered its gold production by 34% to 528 874 oz in 2020, achieving the guidance that it has set out for the year, despite the impacts of the Covid-19 pandemic. The higher output was primarily due to an increase in tonnes of ore stacked and placed under heap... 

Army Corps accepts Pebble request for appeal

By: Creamer Media Reporter      26th February 2021 Toronto-listed Northern Dynasty said on Thursday that the US Army Corps of Engineers (USACE) had accepted Pebble Limited Partnership’s request to initiate an administrative appeal process with respect to southwest Alaska’s Pebble project. The USACE issued a negative ‘record of decision’ (ROD) in... 

Copper’s spike brings back supercycle-era fears of substitution

By: Bloomberg     26th February 2021 In the frenzy of copper’s record run a decade ago, manufacturers making wires and pipes rapidly went in search of cheaper substitutes, in a trend that left a lasting dent in demand. With prices spiking again, the allure of alternatives has never been greater. A rally above $9 000 a metric ton... 

Copper’s spike brings back supercycle-era fears of substitution

Freeport eyes US expansions as Biden's EV plan boosts copper demand

By: Reuters     26th February 2021 Freeport-McMoRan is set to approve expansions at several of its US copper mines to capitalise on surging demand for the red metal as President Joe Biden moves to electrify the nation's automobiles and combat climate change, CEO Richard Adkerson told Reuters. The expansions would be a major bet... 

Freeport eyes US expansions as Biden's EV plan boosts copper demand
Freeport CEO Richard Adkerson

Orocobre widens loss in first half

By: Esmarie Iannucci     26th February 2021 Lithium miner Orocobre has widened its losses for the first half of the 2021 financial year, compared with the previous corresponding period, as revenues decreased. The ASX and TSX-listed company on Friday reported a statutory consolidated group net loss of $29.1-mllion, down from the los of... 

Kirkland Lake ends year on high note

By: Esmarie Iannucci     26th February 2021 Triple listed gold miner Kirkland Lake Gold has reported a record quarter for the three months to December, while achieving all of its full year production targets. Gold production in the December quarter reached a record 396 434 oz, up from the 279 742 oz produced in the previous corresponding... 

Kirkland Lake ends year on high note

Deal for key metal in EV revolution brought bonanza for newcomer

By: Bloomberg     25th February 2021 A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known investor to make $40 million within weeks. The transaction and almost immediate resale of control of the assets to Eurasian Resources Group is the latest deal in... 

Anglo achieves resilient performance in a tough year 

By: Simone Liedtke     25th February 2021 As much of the world was tested to its limits by the Covid-19 pandemic during 2020, the resilience of diversified miner Anglo American's diversified business, along with strong metals prices in the latter months of the year, resulted in underlying earnings before interest, taxes, depreciation and... 

Anglo achieves resilient performance in a tough year
Anglo American CEO Mark Cutifani gives more insight into the effect of the Covid-19 pandemic and the company's full year results for 2020. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

How high can copper fly? This metals trader expects $12 000

By: Reuters     25th February 2021 Copper could surge above a record to $12 000 a ton in 18 months on new demand from green initiatives, a leading metals trader said, giving one of the most bullish forecasts yet for the metal. The bellwether material has already doubled since a nadir in March to reach a nine-year high, and is... 

AngloGold shares strategic growth plan to unlock value across the group’s portfolio

By: Simone Liedtke     25th February 2021 JSE-listed gold miner AngloGold Ashanti continues to deliver on its strategy, with interim CEO Christine Ramon saying the company expects to achieve continued progress guided by a “rigorous capital allocation framework and buoyed by strong momentum from ore reserve conversion”. Speaking during a... 

Implats pursuing renewables, green hydrogen, exploration, carbon neutrality  

By: Martin Creamer     25th February 2021 Platinum group metals (PGMs) mining and marketing company Implats is pursuing green hydrogen, greenfield exploration and carbon neutrality, the company made clear during question time after presenting a stellar set of high-dividend-yielding interim financial results on Thursday, which cut debt by... 

Implats pursuing renewables, green hydrogen, exploration, carbon neutrality
Impala Platinum's Shaft 16 in Rustenburg

Endeavour unveils PFS results for two Africa gold projects

By: Creamer Media Reporter      25th February 2021 Canadian miner Endeavour Mining has published positive prefeasibility study (PFS) results for two Africa projects that would add nearly 360 000 oz/y to its production profile, confirming the quality of its organic growth pipeline. The Fetekro project, in Côte d’Ivoire, has the potential to be a... 

Endeavour unveils PFS results for two Africa gold projects

Premier's i-80 spinout raises C$88.4m

By: Creamer Media Reporter      25th February 2021 Toronto-listed Premier Gold subsidiary i-80 Gold has entered into an agreement to raise C$88.4-mllion in a private placement. Premier will spin-out i-80 to shareholders upon the completion of a takeover by Equinox Gold. 

Mayur eyes more value as it completes PNG spin-out

By: Esmarie Iannucci     25th February 2021 ASX-listed Mayur Resources has completed the spin-out of its Papua New Guinea copper and gold assets into a TSX-V listed company called Adyton Resources Corporation. More than C$10.5-million was raised through the spin-out through a syndicate of northern hemisphere banks, which valued the newly... 

Implats' earnings soar 328%, record R7.9bn interim dividend declared

By: Martin Creamer     25th February 2021 Buoyed by the high rand platinum group metals (PGMs) basket price, Impala Platinum Holdings Limited (Implats) has posted a 328% increase in headline earnings and declared a record interim dividend of R7.9-billion on a strong production, safety and sales performance. Implats delivered stellar... 

Implats' earnings soar 328%, record R7.9bn interim dividend declared
Nico Muller

Talon raises $30m for exploration at Tamarack North

By: Mariaan Webb     25th February 2021 Toronto-listed Talon Metals has raised $30-million on a bought-deal basis to advance work related to the planned exploration and development programme at the Tamarack North project, in Minnesota. The company is in a joint venture with Rio Tinto and has the right to earn up to 60% of the Tamarack... 

US miner applauds Biden’s order on securing critical supply chains 

By: Mariaan Webb     25th February 2021 President Joe Biden on Wednesday signed an executive order targeting supply chains in key industries to bolster domestic production and avoid shortages of critical products. The order directs an immediate 100-day review across federal agencies to address vulnerabilities in the supply chains... 

US miner applauds Biden’s order on securing critical supply chains
President Joe Biden

PolyMet secures victory in Minnesota Supreme Court

By: Mariaan Webb     25th February 2021 The developer of the NorthMet copper/nickel/palladium project, in north-eastern Minnesota, has secured another court victory, this time in the Minnesota Supreme Court, which ruled in favour of the Clean Air Act permit issued to PolyMet Mining. The court ruling overturned an order by the state... 

PolyMet secures victory in Minnesota Supreme Court

Lundin group sees Argentine gold and silver mine opening in 2026

By: Reuters     25th February 2021 Canadian mining group Lundin plans to begin operating its Argentine silver-gold-copper project Josemaria in 2026, after an investment of $3.09-billion, a company spokesman told Reuters on Wednesday. Argentina is pointed out by many experts as a country with great untapped mineral wealth, mainly... 

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Test mine study under way for Fourth Industrial Revolution try-outs
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

B2Gold's net income doubles

By: Mariaan Webb     24th February 2021 Despite the challenges of the Covid-19 pandemic, Canada-headquartered gold miner B2Bold had a remarkable year of growth in 2020, achieving its twelfth consecutive year of record gold production, record revue and net income doubling. The miner, which operates in Africa, generated net income of... 

Merger to create new North American precious metals explorer

By: Creamer Media Reporter      24th February 2021 A new North America-focused precious metals exploration and development company is set to emerge from the combination of TSX-V-listed Silver Mountain Mines and private British Columbia company Nevgold. Nevgold holds the rights to acquire the Limousine Butte and Cedar Wash project, in Nevada,... 

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