R/€ = 19.2757 Change: -0.1529
R/$ = 17.7433 Change: -0.0569
Au 1979.01 $/oz Change: -1.43
Pt 995.19 $/oz Change: 14.44

Popular This Week

South Africa pushes to delay coal plant closures

By: Bloomberg     Updated 2 hours 34 minutes ago South Africa has told rich countries backing its $8.5-billion energy transition deal that it wants to delay the closure of some units at its coal-fired power plants, people familiar with the situation said. Years of mismanagement and corruption have decimated South Africa’s coal-dependent power... 

A coal-fired power station in South Africa

South Africa will overcome its rail and electricity problems, Menar MD predicts  

By: Martin Creamer     27th March 2023 At the end of the day, South Africa will overcome its rail transport and electricity availability issues, and confidence in both Transnet and Eskom will be fully restored, Menar MD Vuslat Bayoglu predicts. “I’m confident that Transnet’s problems will be solved because South Africa’s got great... 

Menar MD Vuslat Bayoglu.

Billionaire mining tycoon in India fights to clear Vedanta's debt

By: Bloomberg     27th March 2023 For decades, Anil Agarwal cultivated a reputation as one of India’s great survivors. Starting as a scrap metal dealer, the billionaire magnate built a mining conglomerate to rival any other, weathering cash crunches, government friction and disputes with Indigenous people over expansion plans.... 

Anil Agarwal
Photo by Donna Slater
Anil Agarwal

Platinum group metals can add million South African jobs plus R8-trillion to economy  

By: Martin Creamer     28th March 2023 Collaborative marketing of platinum group metals (PGMs) has the potential to add a million more South African jobs and contribute R8-trillion more to the economy as the world greens and lowers carbon intensity. The combination of green hydrogen displacing natural gas and fuel cell electric... 

Platinum group metals can boost South African jobs and economic growth.

Botswana to take stake in HB, challenging De Beers' dominance

By: Bloomberg     27th March 2023 Botswana will take a 24% stake in Belgian diamond trader HB Antwerp in a challenge to a decades old arrangement with De Beers, the world’s biggest diamond company. The country’s state gem trader will also supply HB with the precious stones for five years, President Mokgweetsi Masisi said at an... 

Jervois halts construction at ICO as cobalt prices fall, inflation rises

By: Esmarie Iannucci     29th March 2023 Dual listed Jervois has suspended construction at its Idaho Cobalt Operations (ICO) due to falling cobalt prices and inflationary impacts on construction costs in the US. The company said on Wednesday that cobalt prices were expected to recover in the medium-term from influences of the energy... 

Jervois halts construction at ICO as cobalt prices fall, inflation rises

Lundin to buy majority stake in Caserones copper mine

By: Mariaan Webb     28th March 2023 Canadian firm Lundin Mining on Monday announced it would buy a majority stake in the Caserones copper mine for $950-mllion, solidifying its position as a meaningful copper producer at the time when the world is shifting to a lower carbon future. Lundin would buy a 51% stake from JX Nippon Mining... 

The Caserones copper mine in Chile
The Caserones copper mine in Chile

Scotgold stock plunges 60% on going concern uncertainty

By: Mariaan Webb     27th March 2023 London-listed miner Scotgold Resources’ stock crumbled 65% on Monday after the company warned that there is “significant doubt” over its ability to continue as a going concern. The company behind the Cononish gold and silver mine, in Scotland, said that it was in discussions with its offtake... 

The Cononish gold mine in Scotland
The Cononish gold mine in Scotland

Biden tees up a supply-chain rethink with challenge to China’s EVs

By: Bloomberg     29th March 2023 Seven months after President Joe Biden signed the Inflation Reduction Act into law, the magnitude of the challenge it will be for the US to loosen China’s grip on the electric vehicle supply chain — a key objective of the legislation — is coming into sharper relief. Ford, the top US car... 

Mining in South Africa looks to solar, AI and chickens to go green

By: Reuters     29th March 2023 On the once bone-dry soil of a diamond mine in South Africa's central Free State province, Susan Masoha now harvests big bunches of tomatoes, eggplants and spinach. The former cleaner at the mine never expected to find new work at a regenerative farming project set up on the site - part of... 

Lundin weighs strategic partner for copper project in Argentina

By: Bloomberg     29th March 2023 Lundin Mining is in talks with prospective partners for a copper deposit in Argentina as the industry battles to meet demand for the wiring metal in the shift away from fossil fuels. As it seeks financing for the Josemaria project in San Juan province, Lundin could sell a majority stake to a... 

Liontown rejects Albemarle bid

By: Esmarie Iannucci     28th March 2023 Lithium developer Liontown Resources has knocked back a non-binding indicative proposal from North American major Albemarle Corporation, which had offered A$2.50 a share for the company, via a scheme of arrangement. Albemarle confirmed that it had submitted a non-binding proposal to acquire all... 

Liontown the Kathleen Valley project in Australia
Liontown the Kathleen Valley project in Australia

Budget prioritises Canadian miners’ role in global critical minerals supply chain - MAC

By: Mariaan Webb     29th March 2023 The 2023 Budget, delivered by Chrystia Freeland on Tuesday, bolsters the ability of the Canadian mining sector deliver for the country, recognising the industry’s central role in enabling the transition to a net-zero economy, says Mining Association of Canada (MAC) president and CEO Pierre... 

Budget prioritises Canadian miners’ role in global critical minerals supply chain - MAC

Critical metals for low-carbon economy being studied across 12 universities  

By: Martin Creamer     30th March 2023 A consortium across a dozen South African universities has the spotlight on critical metals for a low-carbon future. At a time when the mining world is focused firmly on the availability of critical metals to arrest global temperature increases, South Africa’s Centre of Excellence for Integrated... 

Professor Judith Kinnaird, the Visiting Professor of the School of Geosciences, and the co-director of Cimera at the University of the Witwatersrand.

Premier African Minerals completes Zimbabwe lithium plant, production imminent

By: Reuters     29th March 2023 Premier African Minerals said on Wednesday it had finished building a lithium processing plant at its Zulu mine in Zimbabwe and expected to start production of spodumene concentrate later this week. Spodumene is a lithium ore with high concentration of lithium, a key component in the production... 

Generation finalises offtake term sheet with Glencore

By: Mariaan Webb     28th March 2023 Toronto-listed Generation Mining has finalised an offtake term sheet with diversified major and commodities trader Glencore for copper concentrate, containing copper, palladium, platinum, gold and silver, to be produced at its Marathon palladium/copper project, in Ontario. Glencore will buy an... 

Tharisa secures $130m offtake-based financing

By: Creamer Media Reporter      27th March 2023 Platinum group metals and chrome producer Tharisa has, subject to the fulfilment of certain conditions precedent, concluded a $130-million debt facility with Société Générale and Absa Bank, acting through its Corporate & Investment Banking division, as part of the company's ongoing debt capital... 

Western Copper attracts Mitsubishi's backing for Yukon copper project

By: Mariaan Webb     27th March 2023 Canadian firm Western Copper and Gold on Friday announced a strategic equity investment by Japanese group Mitsubishi Materials to advance the Casino project, in the Yukon Territory. Casino is a copper, gold, molybdenum and silver deposit, about 300 km from Whitehorse. The company is currently... 

Western Copper attracts Mitsubishi's backing for Yukon copper project

Mining needs truth-and-reconciliation approach to ESG, says Rifle-Shot’s Naidoo  

By: Martin Creamer     29th March 2023 Mining companies need to approach environmental, social and governance (ESG) principles on a truth and reconciliation footing and be honest about where they are on a scale of one to 10, says Rifle-Shot Performance business development director Dilley Naidoo. Naidoo, who spoke to Mining Weekly on... 

Rifle-Shot Performance Business Development Director Dilley Naidoo.

Trapped miners in east Congo tumble out of rubble intact in viral video

By: Reuters     28th March 2023 A video showing nine Congolese miners unexpectedly popping out of a collapsed gold mine and tumbling down a steep slope as onlookers cry out in joy has gone viral in Democratic Republic of Congo, a rare happy ending to an all-too-common story. Mining accidents are rife in the giant Central... 

DMRE, SITA request bids for development of a mining licensing system

By: Schalk Burger     27th March 2023 The Department of Mineral Resources and Energy (DMRE) and the State Information Technology Agency (SITA) have issued a request for bids in respect of the design, implementation, maintenance and support of a mining licensing system. "The new Mining Licensing System, which will be customised to... 

BHP partners with Chinese majors on copper chains

By: Esmarie Iannucci     29th March 2023 Diversified miner BHP will partner with two of China’s leading copper producers, China Copper and Daye Nonferrous, on the development of a more sustainable and responsible copper value chain. The three companies have signed a memorandum of understanding (MoU) to enable the parties to leverage... 

Dealing with rail constraints remains a priority as Thungela achieves good results 

By: Schalk Burger     27th March 2023 Despite the impact of ongoing rail constraints, thermal coal producer and exporter Thungela Resources managed to deliver good results for the 2022 financial year, with earnings before interest, taxes, depreciation and amortisation having increased three-fold year-on-year to R29.5-billion and net... 

Thungela CEO July Ndlovu
Thungela CEO July Ndlovu

Russia-linked gold miner Polymetal may list in Abu Dhabi

By: Bloomberg     27th March 2023 Polymetal International may list in Abu Dhabi, becoming the first company with majority Russian operations to trade in the Middle East, as the gold miner re-domiciles from Jersey to Kazakhstan. Polymetal is in advanced talks with the Abu Dhabi Securities Exchange as keeping its London listing... 

Ironveld FCF buyout now unconditional

By: Creamer Media Reporter      29th March 2023 Aim-listed Ironveld reports that its subsidiary Ironveld Smelting's acquisition of Ferrochrome Furnaces (FCF), in Rustenburg, South Africa, has become unconditional. FCF will, in accordance with the Companies Act of South Africa, be taken out of business rescue in the coming days and the... 

M&R reports progress in bid to regain control of Australian mining business 

By: Terence Creamer     28th March 2023 JSE-listed engineering and construction company Murray & Roberts (M&R) has announced developments that could result in it regaining control of RUC Cementation Mining Contractors (RUC), it Australian mining subsidiary that was lost to the group when its Australian holding company, MRPL and Clough... 

M&R CEO Henry Laas
Photo by Creamer Media's Donna Slater
M&R CEO Henry Laas

Pilbara pulls the trigger on A$560m P1000

By: Esmarie Iannucci     29th March 2023 Lithium miner Pilbara Minerals has taken a final investment decision on the A$560-million P1000 project at its Pilgangoora operation, in Western Australia. The P1000 project would increase the nameplate capacity at Pilgangoora by some 47%, from around 680 000 t/y to 1-million tonnes a year of... 

Pilbara pulls the trigger on A$560m P1000

Ramaphosa highlights importance of new rail Infrastructure Manager in paving way for private operators 

By: Terence Creamer     28th March 2023 President Cyril Ramaphosa has described the establishment of a separate Infrastructure Manager (IM) within Transnet Freight Rail (TFR) as a crucial step towards creating a level playing field for public and private operators on the country’s rail network. In a statement issued following a meeting... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Glencore makes strategic investment in Palladium One

By: Creamer Media Reporter      30th March 2023 Canadian exploration and development company Palladium One on Thursday announced a C$4.25-million private placement financing with a subsidiary of commodities major Glencore. Pursuant to the placement, Palladium would issue 28.35-million shares at C$0.15 each. 

Despite a bearish short-term view of platinum, long-term outlook remains strong

By: Darren Parker     30th March 2023 Although the outlook for the platinum market is "underwhelming" in the short to medium term, Impala Platinum (Implats) corporate affairs executive Emma Townshend has said the platinum group metals (PGMs) miner believes the long-term outlook is promising. The company, therefore, remains committed... 

Implats corporate affairs executive Emma Townshend
Implats corporate affairs executive Emma Townshend

European Lithium strikes deal over Austrian projects

By: Esmarie Iannucci     27th March 2023 Lithium developer European Lithium has inked a binding heads of agreement with a subsidiary of TSX-V Listed Richmond Minerals Inc to acquire the Bretstein-Lachtal, Klementkogel and the Wildbachgraben Projects, in Austria. The Austrian lithium projects consist of 245 exploration licenses covering... 

Miners lament passing of EPOLA Bill in Qld

By: Esmarie Iannucci     30th March 2023 The Queensland government this week passed the Environment Protection and Other Legislation (EPOLA) Bill, despite concerns from industry bodies. The government said that the new legislation provides greater certainty for the community and industry, including a change that would give the... 

Image shows broken core samples

Former South African Treasury boss Mogajane helms billion-dollar lithium plan

By: Bloomberg     30th March 2023 The former head of South Africa’s National Treasury has been tasked with cleaning up a scandal-dogged company that’s contemplating partnering a Chinese battery maker in a $1-billion lithium operation. Dondo Mogajane aims to restructure and improve compliance at Johannesburg’s Moti Group. Founder... 

US and Japan to agree pact on critical mineral supply chains

By: Bloomberg     28th March 2023 The US and Japan will boost cooperation on critical mineral supply chains as President Joe Biden aims to counter China’s dominance in the electric vehicle battery industry. Following the pact, electric vehicles that use materials that have been collected or processed in Japan will be eligible... 

Safeguard Mechanism changes concerning miners

By: Esmarie Iannucci     28th March 2023 The resources sector has expressed concerns over changes to the Safeguard Mechanism, warning that it would impact operations in Australia. The federal government this week struck an agreement with the Australian Greens to support the Safeguard Mechanism reforms through Parliament, in an effort... 

Image shows coal stacks and loaders

BHP strikes CCUS deal in China

By: Esmarie Iannucci     27th March 2023 Diversified major BHP has struck a deal with Chinese steelmaker HBIS Group Co to trial pilot-scale demonstrations of carbon capture and utilisation technologies at HBIS’ steel operations in China The trial will develop and test technologies that can be integrated into steel production processes... 


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