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North America News

Kumba Iron Ore excited by President’s energy plan, working earnestly on carbon reduction 

By: Martin Creamer     26th July 2022 Kumba Iron Ore CEO Mpumi Zikalala on Tuesday expressed excitement at the energy announcement of President Cyril Ramaphosa, who unveiled several far-reaching interventions, including a doubling in the allocation for the next renewables procurement round, an uncapping of the 100 MW... 

Edikan misses the mark for Perseus

By: Esmarie Iannucci     26th July 2022 ASX- and TSX-listed gold miner Perseus Mining has hit the upper end of its production target for the 2022 financial year ended June, with all-in sustaining costs (AISC) falling within the bottom quartile of market guidance. Perseus on Tuesday reported that gold poured during the June quarter... 

Newmont warns of project cost increases in Australia, Ghana

By: Mariaan Webb     25th July 2022 Global bullion major Newmont has flagged delays and cost increases at its expansion projects in Australia and Africa, citing current market conditions for labour and materials, as well as delayed land access in Ghana. The $395-million Tanami Expansion 2 project, in Australia’s Northern... 

Newmont warns of project cost increases in Australia, Ghana

Newmont warns inflation to spike costs in 2023

By: Reuters     25th July 2022 Newmont on Monday raised its annual cost forecast and warned that inflationary pressures would persist into 2023 after its second-quarter profit missed Street estimates, sending the world's biggest gold miner's shares down 12%. Higher operating costs related to labor, energy and supplies have... 

Decarbonisation, renewables can create new economic sectors in SA – Anglo Platinum 

By: Martin Creamer     25th July 2022 JOHANNESBURG (miningweekly.com) – Anglo American Platinum CEO Natascha Viljoen on Monday expressed the firm belief that decarbonisation and renewable energy have the potential to create new economic sectors in South Africa. On the renewable energy front, Viljoen also revealed that Anglo Platinum... 

Anglo American Platinum CEO Natascha Viljoen
Anglo American Platinum CEO Natascha Viljoen

Ford’s flurry of supply deals gives iron a starring role in EVs

By: Bloomberg     25th July 2022 Ford Motor’s new laundry list of battery-metals suppliers reads like a who’s who of the mining world, spanning the globe from Argentine lithium to Indonesian nickel. The agreements, including announcements with mega miners BHP Group and Rio Tinto Group, are the latest sign of how big automakers... 

OceanaGold puts geographic managers in place

By: Esmarie Iannucci     25th July 2022 Dual listed gold miner OceanaGold has announced the creation of a COO role for the Asia Pacific and America’s regions, as well as the role of chief technical and projects officer. The ASX- and TSX-listed miner has reported that current COO Scott Sullivan will transition to the new chief... 

South32 sticks to plan in June quarter

By: Esmarie Iannucci     25th July 2022 Diversified miner South32 has seen production increases in alumina, aluminium, copper, nickel and manganese ore for the three months to June, with operations delivering to plan despite weather impacts and labour availability issues. “Our teams delivered another strong operating performance in... 

Golden Arrow exits Argentina option

By: Mariaan Webb     25th July 2022 TSX-V-listed mining company Golden Arrow has terminated its option for the Libanesa silver/gold project, in Argentina, and will instead focus its efforts on its new San Pietro copper/gold/cobalt project, in Chile. Golden Arrow in October last year entered into an agreement to acquire a 75%... 

Anglo Platinum declares R21bn dividend, levers R71bn half-year societal underpin 

By: Martin Creamer     25th July 2022 Platinum group metals (PGMs) mining and marketing company Anglo American Platinum on Monday declared a gross interim dividend of R21.5-billion from profits accrued during the six-month period ended June 30, when it made a R71-billion economic contribution to society. The dividend is equivalent to... 

Creamer Media picture
Photo by Creamer Media
Anglo American Platinum CFO Craig Miller

Hybrid plant to power Global Atomic’s Niger uranium mine

By: Creamer Media Reporter      25th July 2022 Independent power producer Enernet Global has started early engineering for a hybrid power plant for the Dasa uranium project, in Niger, developer Global Atomic has said. Enernet will build, own, operate and maintain the hybrid power plant in Niger. The IPP will complete the early engineering... 

Morella raises cash for lithium exploration

By: Esmarie Iannucci     25th July 2022 Junior Morella Corporation will raise A$7.5-million to support its lithium growth strategy in Western Australia and Nevada. The ASX-listed company on Monday announced that had received firm commitments for the placement of 500-million shares, in a single tranche, and at an issue price of 1.5c... 

Europe leads even though sun, wind, storage, green electron/molecule energy is tailor made for South Africa 

By: Martin Creamer     22nd July 2022 This week the European Commission approved €5.4-billion of public support by 15 member states for a hydrogen technology value chain taking in hydrogen generation technology, fuel cells technology, storage technology and end-user technology. The week before, Shell started building Europe’s largest... 

The European Commission approval of €5.4-billion took in backing from Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, Slovakia and Spain.
The European Commission approval of €5.4-billion took in backing from Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Netherlands, Poland, Portugal, Slovakia and Spain.

Competition Commission approves Sandstorm takeover of Nomad Royalty

By: Marleny Arnoldi     22nd July 2022 The Competition Commission has approved TSX-listed financing firm Sandstorm Royalties’ proposed acquisition of fellow-listed Nomad Royalty Company. Sandstorm is active as a custom financing firm to global gold, silver and copper mining companies through royalty and stream metal purchase... 

A green hydrogen economy depends on this little-known machine

By: Bloomberg     22nd July 2022 Solar power depends on the solar cell. Wind power, the wind turbine. The key to the green hydrogen economy is a little-known machine with a name out of 1950s sci-fi — the electrolyser. And after a century of obscurity, the electrolyser’s moment has come. 

Thacker Pass appeal decision due soon

By: Mariaan Webb     22nd July 2022 Early works construction of the Thacker Pass lithium project, in Nevada, remains on track to start this year, with all permits in place to get construction under way, developer Lithium Americas Corp (LAC) reports. The project, however, is facing opposition from environmental groups, Indigenous... 

Jervois revenue falls as cobalt demand falters

By: Esmarie Iannucci     22nd July 2022 Triple listed Jervois has reported a decline in quarterly revenue for the quarter ended June, as cobalt sales volume from its Finland operations fell. Quarterly revenue in the three months to June reached $91.2-million, down from the $105.1-million in the March quarter, with sales volumes in the... 

Syrah falls under the Ford spell

By: Esmarie Iannucci     22nd July 2022 Graphite miner Syrah Resources has entered into a memorandum of understanding (MoU) with automotive giant Ford Motor Company and battery business SK On to evaluate a strategic arrangement, which will include natural graphite anode material (AAM) from the Vidalia facility, in the US. Ford and SK... 

BHP starts nickel talks with Ford

By: Esmarie Iannucci     22nd July 2022 Diversified miner BHP has entered into a memorandum of understanding (MoU) with automotive giant Ford to supply nickel. The targeted multi-year nickel supply agreement could start as early as 2025 and may involve additional commodities over time. 

Ford picks Nevada mine for lithium supply, announces series of other agreements

By: Mariaan Webb     21st July 2022 In support of an end-to-end US electric vehicle (EV) supply chain, automotive major Ford Motor Company has signed a binding agreement to source lithium from the Rhyolite Ridge project, in Nevada. This forms part of a series of agreements that Ford announced this week to facilitate its goal of... 

Ford picks Nevada mine for lithium supply, announces series of other agreements

Freeport-McMoRan misses profit estimates on lower copper prices

By: Reuters     21st July 2022 US mining giant Freeport-McMoRan on Thursday posted a lower-than-expected profit for the second quarter, hurt by lower realised copper prices. Demand for copper, often seen as an economic bellwether, took a hit during the reported quarter over recession fears as well as Covid-19 lockdowns in top... 

Anglo progresses sustainability as Chile drought hits copper output 

By: Martin Creamer     21st July 2022 Diversified mining and marketing company Anglo American is progressing towards its stretching sustainability targets on all fronts while partnering to accelerate the deployment of hydrogen-powered haul truck technology across the mining industry and other transport applications. This was... 

Anglo American CEO Duncan Wanblad
Photo by Anglo American
Anglo American CEO Duncan Wanblad

Lithium refining is a 'licence to print money', Musk says

By: Bloomberg     21st July 2022 Elon Musk has called for more investment in global lithium refining to ease shortages in battery materials — and promised those who seize the opportunity it’s as lucrative as “basically minting money.” “I’d like to once again urge entrepreneurs to enter the lithium refining business. The mining... 

an image of Tesla CEO Elon Musk
Tesla CEO Elon Musk

South32 investment to help Aldebaran advance Argentina copper project

By: Mariaan Webb     21st July 2022 Diversified mining company South32 will invest C$10.3-million by way of a private placement in TSX-V-listed Aldebaran Resources to advance the Altar copper/gold project in San Juan, Argentina. Aldebaran will issue an aggregate 13.2-million common shares at a price of $0.78 each to South32, which... 

Caledonia hopeful of significantly increasing its output as it buys a second Zim gold mine

By: Tasneem Bulbulia     21st July 2022 Gold miner Caledonia Mining has signed an agreement to buy Bilboes Gold, the parent company which owns, through its Zimbabwe subsidiary Bilboes Holdings, the Bilboes gold project. This will be for a total consideration of about 5.1-million Caledonia shares, representing about 28.5% of Caledonia’s... 

Raglan’s new offer rejected

By: Creamer Media Reporter      21st July 2022 The strike at the Raglan mine, in Quebec, is continuing to drag on, with the labour dispute now lasting nearly eight weeks. The Glencore-owned mine said on Wednesday that the United Steelworkers Union Local 9449 had rejected its latest offer, tabled on July 10. 

Anglo Platinum maintains 2022 guidance as half-year earnings head for fall 

By: Martin Creamer     21st July 2022 Johannesburg Stock Exchange-listed platinum group metals (PGMs) mining and marketing company Anglo American Platinum has maintained its metal-in-concentrate PGM guidance, while also advising of a potential halving of half-year earnings in the six months to June 30. Guided for 2022 is 3.9-million... 

Hydrogen-powered truck launch highlights sustainability progress.
Photo by Anglo American
Hydrogen-powered truck launch highlights sustainability progress.

Antofagasta takes option on Tanacross in Alaska

By: Creamer Media Reporter      21st July 2022 Chilean group Antofagasta has taken an option to acquire 70% in the Tanacross copper/gold project in eastern Alaska by spending $30-million on exploration over eight years, and delivering a preliminary economic assessment. Kenorland Minerals, which is listed on the TSX-V, will initially remain... 

Canada Nickel tests new method of accelerated CO2 capture

By: Creamer Media Reporter      21st July 2022 TSX-V-listed Canada Nickel Company has announced the results of a laboratory test programme for a new method of accelerated carbon capture – in process tailings carbonation – that the company believes has transformational potential. The lab-scale test demonstrates that the accelerated carbon... 

Vale’s plan to turn around $40bn unit suffers fresh blow

By: Bloomberg     21st July 2022 Vale’s plan to turn around its copper and nickel-mining unit is taking longer than expected, risking a delay to a possible sale or spinoff of a group the miner says could be worth $40-billion. The world’s second-largest iron producer slashed its annual goal for copper output by 19% as it... 

Workers walk between cooling ingots of Bessemer matte at the Vale Copper Cliff Smelter Complex in Sudbury, Canada.
Workers walk between cooling ingots of Bessemer matte at the Vale Copper Cliff Smelter Complex in Sudbury, Canada.

Woodside production and sale surge after BHP merger

By: Esmarie Iannucci     21st July 2022 Energy major Woodside has reported a 60% increase in production during the June quarter, and a 51% increase in sales volumes following the integration of the BHP petroleum assets into the company. Woodside completed its merger with BHP’s petroleum business on June 1, resulting in the company... 

Teck and PolyMet strike JV to develop NorthMet, study Mesaba opportunity

By: Mariaan Webb     20th July 2022 Canadian diversified miner Teck Resources and Glencore-backed PolyMet Mining on Thursday announced a joint venture (JV) that would place their respective Minnesota projects, which contain high-in-demand copper, nickel, cobalt and platinum-group metals, under single management. The 50:50 JV would... 

Teck and PolyMet strike JV to develop NorthMet, study Mesaba opportunity

Use South Africa’s 5 000 MW energy storage need to create new industry – Bushveld  

By: Martin Creamer     20th July 2022 South Africa’s 5 000 MW renewable energy storage requirement is seen as providing the critical mass for the creation of new local energy storage industry that will have the potential to export into the growing global market for energy storage solutions. A new own-value-chain local industry is... 

Bushveld Minerals CEO Fortune Mojapelo.
Bushveld Minerals CEO Fortune Mojapelo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Power Sector carbon emissions to dip as renewables outpace coal

By: Bloomberg     20th July 2022 A surge in renewable power coupled with a slowdown in China will see carbon emissions from electricity production ease from the record level last year, according to the International Energy Agency (IEA). Emissions from power generation are set to decline about 0.3% this year, down from a forecast... 

Centamin reports increased production at Sukari

By: Darren Parker     20th July 2022 LSE- and TSX-listed Centamin delivered increased gold production of 110 788 oz at its flagship Sukari gold mine, in Egypt, for the second quarter, which represents an 11% year-on-year and a 19% quarter-on-quarter increase. The company said on July 20 that this production increase was attributable... 

sukari

Franco-Nevada provides $352m financing package for Brazil project

By: Creamer Media Reporter      20th July 2022 TSX- and NYSE-listed Franco-Nevada is supporting G Mining Ventures with a construction financing package of $342.5-million for the Tocantinzinho gold project, in Brazil. Franco-Nevada has acquired a gold stream with reference to production from the project for $250-million. Through one of its... 

Fernando Porcile passes away - Los Andes

By: Creamer Media Reporter      20th July 2022 Fernando Porcile, who was responsible for developing several mining projects and operating various world-class operations, has passed away, Canadian miner Los Andes Copper reports. “Fernando has been an influential and larger-than-life presence in the mining industry for over 50 years, Los Andes... 

Jervois draws down final funding for ICO

By: Esmarie Iannucci     20th July 2022 ASX, TSX, and OTCQX-listed Jervois Global has drawn down $51-million of its subsidiary’s bond offering to complete the construction of the Idaho Cobalt Operations (ICO) in the US. This was the second and final draw-down of a $100-million bond offering.  

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