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North America News

Luke Norman appointed US Gold chair

By: Creamer Media Reporter      26th May 2022 Exploration and development company US Gold cofounder Luke Norman has been appointed chairperson of the company, following a board resolution to increase its size from five to six members. George Bee, who has held the chairperson position since March 2021, will remain as president and CEO of US... 

Canada's B2Gold makes a play for Oklo

By: Esmarie Iannucci     26th May 2022 TSX- and NYSE-listed B2Gold has made a play for ASX-listed Oklo Resources, offering A$0.1725 for each Oklo share held, valuing the company at A$90-million. The board of Oklo has unanimously recommended the takeover offer, which consists of 0.0206 B2Gold shares per Oklo share and A$0.0525 cash... 

Image shows two hands greeting

Hydrogen can be stored in existing fossil fuel infrastructure for years, world webinar hears  

By: Martin Creamer     26th May 2022 Hydrogen can be stored in existing fossil fuel infrastructure for years if need be, giving it the potential to become a universal energy carrier in the same way as oil is now but without the environmental impact, World Hydrogen Leaders webinar heard this week. Allowing hydrogen to make use of... 

Picture provided.
Hydrogenious LOHC Technologies strategy and implementation head Dr Andreas Lehmann.

Macarthur subcommittee to decide Lake Giles fate

By: Esmarie Iannucci     26th May 2022 ASX and TSX-V listed Macarthur Minerals has appointed a strategic sub-committee to assist the board in planning the development of its Lake Giles iron project, in Western Australia. The sub-committee will be focused on producing the Macarthur’s strategic partner action plan, drawing together the... 

Mexico to take Vulcan Materials to court if necessary, President says

By: Reuters     25th May 2022 Mexico will go to local and international courts if there is no agreement with US firm Vulcan Materials over its mining activity in the state of Quintana Roo, President Andres Manuel Lopez Obrador said on Wednesday. The Mexican government suspended the mining operations of the company earlier in... 

Rio Tinto's Madagascar mine restarts after reaching deal with protesters

By: Reuters     25th May 2022 Rio Tinto's QIT Madagascar Minerals (QMM) mineral sands mine restarted production on Monday following a five-day halt, after reaching an agreement with demonstrators who had set up roadblocks at the site, Rio told Reuters on Tuesday. Communities surrounding QMM's mine in southeastern Madagascar... 

BHP may reap gain of $9.5bn from petroleum merger with Woodside - brokerage

By: Reuters     25th May 2022 Global miner BHP Group could reap a gain of $9.5-billion this year from the sale of its petroleum arm to Woodside Energy Group, Australian brokerage Barrenjoey said. The world's biggest listed miner last year agreed to combine its petroleum business with the company formerly known as Woodside... 

Platinum-boosted South African hydrogen electrolyser leaps ahead   

By: Martin Creamer     25th May 2022 The proof-of-concept of the platinum group metals-boosted advanced alkaline electrolyser – the AAE ­– has been successfully completed by Hydrox Holdings of Randburg in a pioneering achievement that offers the potential for South Africa to enter the fray as world demand for hydrogen electrolysers... 

Creamer Media photographer.
Hydrox CEO Corrie de Jager interviewed by Mining Weekly’s Martin Creamer.

Cariboo has an attractive production profile, says Osisko Development

By: Creamer Media Reporter      25th May 2022 Canada-based Osisko Development is proceeding to a feasibility study at its flagship Cariboo project, in central British Columbia, following the completion of a preliminary economic assessment (PEA). The PEA provides an attractive potential gold production profile of about 297 000 oz/y when... 

Karora puts milling bottlenecks in rear-view mirror with A$80m acquisition

By: Mariaan Webb     25th May 2022 Toronto-listed Karora Resources on Tuesday announced the A$80-million acquisition of the one-million-tonne-a-year Lakewood Mill gold processing facility, about 60 km from the Beta Hunt mine, in Western Australia. Chairperson and CEO Paul Andre Huet described the acquisition as a... 

Severe global battery shortage likely post 2025, GlobalData forecasts

By: Schalk Burger     25th May 2022 Extraction of raw materials will not meet soaring battery demand unless capital markets change course in the face of environmental, social and governance pressures and invest heavily in new mines, says business data and analytics company GlobalData in its 'Batteries – Thematic Research' report.... 

Billionaire Friedland files to take Ivanhoe Electric public

By: Bloomberg     25th May 2022 Billionaire Robert Friedland is joining efforts to help America reduce its dependence on China for supplies of critical minerals like copper that are used in everything from batteries to electric cars. Ivanhoe Electric is seeking a listing on the NYSE American and Toronto stock exchanges under... 

Glencore settles most bribery, manipulation investigations 

By: Martin Creamer     25th May 2022 Diversified mining and marketing company Glencore on Wednesday announced the settlement of most of its bribery and market manipulation investigations. This follows almost four years of investigations and a serious environmental social and governance (ESG) overhang over the group, 

Picture supplied
Glencore CEO Gary Nagle.

Gold Fields on track with ESG initiatives

By: Tasneem Bulbulia     24th May 2022 Gold producer Gold Fields has provided comprehensive environmental, social and governance (ESG) information through a number of recently released reports and presentations. The company says these address the increased data and information expectations of its stakeholders, including its... 

Ferrous metals, coal most exposed to climate risk in metals and mining sector – Fitch  

By: Tasneem Bulbulia     24th May 2022 Thermal coal, blast furnace-basic oxygen furnace (BF-BOF) steelmaking and its raw materials are the segments of the metals and mining sector that are most vulnerable to long-term climate risks owing to their large direct emissions, credit ratings agency Fitch Ratings says. Demand for many... 

Albemarle improves FY guidance on strong lithium market

By: Mariaan Webb     24th May 2022 Speciality chemicals group Albemarle on Monday announced an improved full-year 2022 guidance following additional lithium contract renegotiations to more index-referenced, variable-priced contracts. “Implementation of these contracts is a key driver of the expected year-over-year improvement in... 

Osisko Development to list in New York

By: Creamer Media Reporter      24th May 2022 The shares of North American gold mining company Osisko Development will start trading on the NYSE on Friday, the company has announced. Osisko Development, which was spun out of Osisko Gold Royalties in 2020, will retain its listing on the TSX-V. 

Stark-Anderson joins Mountain Province board

By: Creamer Media Reporter      24th May 2022 Canadian mining executive Kelly Stark-Anderson has been appointed to the board of Mountain Province Diamonds, following the departure of Dean Chambers, who has chosen to step down owing to other commitments. Stark-Anderson has more than 25 years’ experience in the legal, merger and acquisition,... 

Rafaella sharpens focus on Canada

By: Esmarie Iannucci     24th May 2022 ASX-listed Rafaella Resources has shifted its focus to battery minerals exploration in Canada, announcing the acquisition of a second battery metals project in the region, adjacent to its existing Midrim and Laforce platinum group metal (PGM)/nickel/copper sulphide assets. The company has inked... 

Sevenfold increase in yearly clean hydrogen needed to hit 2050 net-zero target  

By: Martin Creamer     23rd May 2022 Annual production of clean hydrogen would need to increase more than sevenfold for the world to hit net zero in 2050, say the leading founders of McKinsey & Company’s platform for climate technologies, Bernd Heid of Cologne, Martin Linder of Munich, and Mark Patel of San Francisco, who add that... 

AdobeStock solar pic
South Africa's sun and wind can contribute to crucial job creation.

Energy Fuels buys Brazil heavy mineral sands project

By: Creamer Media Reporter      23rd May 2022 NYSE American- and TSX-listed Energy Fuels has entered into an agreement to acquire 17 mineral concessions, which has significant quantities of heavy minerals, including monazite, in Brazil. The company states that the Bahia project is a well-known heavy mineral sands deposit with more than 3... 

Skyharbour secures option to acquire uranium project from Rio Tinto

By: Creamer Media Reporter      23rd May 2022 Canadian explorer Skyharbour Resources has entered into an option agreement with Rio Tinto Exploration Canada (RTEC) to acquire up to 100% of the Russell Lake uranium project, which is situated between the company’s Moore Uranium project and Denison Mines’ Wheeler River project in the Athabasca... 

Sayona's PFS for NAL proves up

By: Esmarie Iannucci     23rd May 2022 A prefeasibility study (PFS) into the North American Lithium (NAL) operations, in Quebec, has confirmed the viability of a 1.5-million tonne a year operation, delivering 4.4-million tonnes of spodumene concentrate over a mine life of 27 years. ASX-listed Sayona Mining on Monday told shareholders... 

Image shows the NAL operations

Snow Lake Lithium calls for comprehensive EV ecosystem across North America

By: Creamer Media Reporter      20th May 2022 Canadian lithium producer Snow Lake Lithium has outlined the need to create a comprehensive electric vehicle (EV) ecosystem across North America to protect the future of the region's domestic automotive industry. With more than ten-million vehicles sold in the US last year, the automotive... 

Unloved since Fukushima, uranium is hot again for miners

By: Reuters     20th May 2022 Uranium miners are racing to revive projects mothballed after the Fukushima disaster more than a decade ago, spurred by renewed demand for nuclear energy and a leap in yellowcake prices after Russia's invasion of Ukraine. Spot prices for uranium have doubled from lows of $28 per pound last year... 

An image of uranium

Platinum jewellery continuing to drive 25% of platinum demand  

By: Martin Creamer     20th May 2022 Several reports published during Platinum Week indicate that in 2021, platinum jewellery consumed anywhere between 1.6-million ounces to two-million ounces of platinum, which makes it still the second demand source after automotive, coming in at around 25% of total platinum demand. Positive... 

Picture supplied.
Platinum Guild International CEO Huw Daniel interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Eastplats moves to secure funding for underground mining restart at CRM

By: Marleny Arnoldi     20th May 2022 TSX- and JSE-listed Eastern Platinum has filed a technical report on the Crocodile River Mine (CRM), in South Africa’s North West province, stipulating the restart of underground mining at the Zandfontein section of the mine. The Zandfontein section, which has a measured and indicated resource... 

Eastplats' Crocodile River Mine
Eastplats' Crocodile River Mine

Gold Fields confirms enviro compliance work under way at Salares Norte following fox deaths

By: Marleny Arnoldi     20th May 2022 JSE- and NYSE-listed Gold Fields has confirmed that the death of three foxes occurred at its Salares Norte gold/copper project, in Chile. The country’s environmental regulator has since issued some compliance orders to be adhered to.  

Gold Fields' Salares Norte project under construction
Gold Fields' Salares Norte project under construction

Gold Fields subsidiary plans to buy stock in Peru-focused mining company

By: Marleny Arnoldi     20th May 2022 TSX-V-listed Chakana Copper Corporation has announced a private placement of up to 63-milllion units of the company at a price of C$0.11 apiece, for gross proceeds of up to C$7-million. Each unit will comprise one common share in the capital of the company and one-half of one common share... 

Arconic to Sell Russian operations, take $500m charge

By: Bloomberg     20th May 2022 Arconic Corp said it will sell its Russian operations, joining the exodus of US companies after the invasion of Ukraine made doing business in the region “untenable.” The Pittsburgh-based aluminum-sheet manufacturer expects to record a charge of as much as $500-million related to the move.... 

Perseus settles Orca buy

By: Esmarie Iannucci     20th May 2022 Gold miner Perseus Mining has completed the acquisition of TSX-V-listed Orca Gold Inc. Perseus, which held an initial 15% interest in Orca, offered its shareholders 0.56 Perseus shares for every Orca share held, with the total consideration paid for Orca estimated at C$215-million, including... 

BHP unveils distribution plans and Woodside changes names

By: Esmarie Iannucci     20th May 2022 Diversified miner BHP on Friday announced it would pay shareholders an in specie dividend in the form of Woodside Petroleum shares in connection with the merger of BHP’s oil and gas portfolio with Woodside. The shareholders of Woodside on Thursday approved the merger, which would create the... 

Changes coming to BHP board

By: Esmarie Iannucci     20th May 2022 Major BHP has announced the retirement of Malcolm Broomhead and John Mogford as non-executive directors at the conclusion of the 2022 annual general meeting (AGM). Broomhead has been a director of BHP since March 2010 and in 2021 the board requested Broomhead seek re-election at the 2021 AGM for... 

Critical mineral demand of order of magnitude never seen – Sheila Khama  

By: Martin Creamer     19th May 2022 "My genuine sense is that we are going to see a growth in the mining sector of an order of magnitude we haven't seen. I also think that we're going to find that the need for minerals is going to force the world to think that if we can't get minerals on our shore, where else do we get them from? 

Picture supplied
Mining stalwart Sheila Khama spoke to Mining Weekly’s Martin Creamer on critical metals. Video: Darlene Creamer.

Barrick extends facility, establishes sustainability-linked metrics

By: Mariaan Webb     19th May 2022 Global bullion producer Barrick Gold on Thursday announced that it had extended its undrawn $3-billion revolving credit facility by one year to May 2027 and that sustainability-linked metrics had been incorporated into the facility. The metrics were made up of yearly environmental and social... 

Barrick CFO Graham Shuttleworth
Barrick CFO Graham Shuttleworth

Talon announces drill record at Minnesota nickel project

By: Creamer Media Reporter      19th May 2022 Toronto-listed Talon Metals has announced a new record at the Tamarack nickel project, in Minnesota, with 23.44 m of massive sulphide nickel and copper mineralisation. The record drill forms part of 26 new drill holes results that Talon reported on Wednesday.  All the new holes have intercepted... 

Rio Tinto signs up for Lion Copper’s Nevada project

By: Mariaan Webb     19th May 2022 TSX-V-listed Lion Copper and Gold has secured Rio Tinto’s backing for the Mason Valley project, where it last week also initiated the environmental permitting process with the US Bureau of Land Management as a first stop in formalising permitting efforts.   The parties on Wednesday announced an... 

Millennial raises C$15m for Nevada exploration

By: Mariaan Webb     19th May 2022 Toronto-headquartered Millennial Precious Metals has announced a bought-deal financing to raise C$15-million, which it will use to advance exploration, permitting and engineering studies at its Nevada projects. The company has entered into an agreement with Eight Capital, as lead underwriter and... 

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