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Popular This Week

Eskom attributes three stages of load-shedding to wildcat strike 

By: Terence Creamer     1st July 2022 Embattled power utility Eskom has attributed three stages of the current load-shedding, which is being implemented daily at between Stage 4 and Stage 6, directly to the illegal strike under way at varying levels of intensity across its coal fleet. Speaking against the backdrop of a resumption of... 

Eskom CEO André de Ruyter
Photo by Creamer Media Chief Photographer Donna Slater
Eskom CEO André de Ruyter

Focus on ‘core underlying issues’ to tackle load-shedding crisis – EIUG 

By: Terence Creamer     1st July 2022 Ending the current restrictions to the addition of new generation capacity and addressing Eskom’s deteriorating generation performance are key to arresting intensifying load-shedding, the Energy Intensive Users Group (EUIG) asserts. CEO Fanele Mondi said in a statement the recent illegal... 

A power line tower

TFR signs cross-border agreement with Railways of Mozambique 

By: Schalk Burger     1st July 2022 State-owned rail agency Transnet Freight Rail (TFR) has signed a cooperation agreement with Mozambique State agency Ports and Railways of Mozambique (CFM) to implement an immediate train run-through model that will result in the export of chrome and ferrochrome moving seamlessly from Belfast, in... 

South Africa in a position to export energy – Anglo American Platinum 

By: Martin Creamer     28th June 2022 South Africa is one of only four countries that has more renewable energy available to it than what it needs for itself, which places the country in a very strong position to be able to export energy, with hydrogen in the form of ammonia, hydrogen gas or liquid hydrogen among the best ways of... 

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

Turmoil at Firefinch as MD walks, Morilla update expected

By: Mariaan Webb     29th June 2022 Australian company Firefinch’s shares were suspended on Wednesday, pending an announcement regarding the operational performance and production guidance at the Morila gold mine, in Mali. The company also announced that MD Michael Anderson had left his position “by mutual agreement” – a day after... 

Capital raise under way to progress copper/zinc mine in Northern Cape 

By: Martin Creamer     29th June 2022 An opportunity to subscribe for new shares in parcels starting from R20 000 to a maximum of R330 000 is being offered to eligible shareholders by Orion Minerals. The capital raise is being undertaken to fund the Sydney- and Johannesburg-listed Orion’s Prieska copper/zinc mine, as well as other... 

Creamer Media photograph.
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90%  

By: Martin Creamer     27th June 2022 Going forward, combined renewables plans already in place are poised to slash Scope 2 emissions at Exxaro Resources’s Grootegeluk coal mine in Limpopo by up to 90%. The renewable strategy being executed by coal miner Exxaro’s wholly owned green energy arm – Cennergi – is the key driver of the... 

Exxaro/Cennergi MD Energy Roland Tatnall

Pan African study highlights Mogale Gold's fast payback, low costs, output uplift, ungeared return 

By: Martin Creamer     30th June 2022 Fast payback, low costs, big production uplift, long life, high ungeared return and a lot more is contained in the definitive feasibility study (DFS) on the Mogale Gold tailings storage facilities published by gold mining company Pan African on Thursday. The Mogale Gold tailings storage... 

Creamer Media photograph.
Photo by Creamer Media
Pan African CEO Cobus Loots.

Mine haulage transition to electric offered without disruption   

By: Martin Creamer     1st July 2022 If the world were to electrify every mine truck, it would stop 198 000 t of carbon dioxide (CO2) a day from entering the atmosphere, which equates to a single electrified mining truck eliminating what would take 46 000 trees to absorb. That mammoth sustainability benefit was driven home firmly... 

Creamer Media screenshot.

Two recently appointed Firefinch directors quit

By: Mariaan Webb     28th June 2022 Australia-based Firefinch on Tuesday announced that its two recently appointed nonexecutive directors had resigned. Liz Wall and Naomi Scott, whose appointments were announced at the end of May, had resigned with effect from Monday, the ASX-listed company said, without providing reasons for the... 

Metals haven’t crashed this hard since the great recession

By: Bloomberg     27th June 2022 Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s... 

Bill Gates-led fund backs startup with cheaper way to move hydrogen

By: Bloomberg     28th June 2022 A hydrogen molecule is tiny. So tiny, in fact, that trying to store and transport it via existing tanks and pipes can end up causing cracks in steel. If hydrogen is to become a clean fuel of the future, urgent technological solutions are needed to keep it in place and move it at will. Enter... 

Anglo enters deal to accelerate rollout of nuGen zero emissions haulage solution 

By: Chanel de Bruyn     30th June 2022 Diversified miner Anglo American is in exclusive negotiations with specialist engineering technology company First Mode Holding and has agreed nonbinding terms to establish a combined business to accelerate the rollout of Anglo's nuGen hydrogen-powered Zero Emissions Haulage Solution (ZEHS). The... 

Anglo American's nuGen haulage truck
Anglo American's nuGen haulage truck

Rio Tinto considers exiting Canada diamond project, says partner

By: Mariaan Webb     29th June 2022 Diversified miner Rio Tinto has exercised its voting power to place the Star-Orion South diamond project, in Saskatchewan, Canada, on care-and-maintenance, its joint-venture (JV) partner said on Wednesday. Star Diamond said that, subject to fulfilling its existing obligations, Rio Tinto would... 

Rio Tinto considers exiting Canada diamond project, says partner

Rainbow to patent innovative rare earth extraction method

By: Marleny Arnoldi     28th June 2022 London-listed Rainbow Rare Earths has completed a process flowsheet to efficiently extract rare earth elements from the phosphogypsum stacks at its Phalaborwa project, in South Africa. Rainbow developed the extraction process alongside US-based K-Technologies, following extensive test work by the... 

Illegal mining brazenness a significant concern to legitimate industry 

By: Donna Slater     29th June 2022 Minerals Council South Africa legal deputy head Mxolisi Ngubane says that, although the prevalence of illegal mining is not new, the brazenness and evolving nature at which operations are taking place, is becoming increasingly concerning to the wider mining industry and especially to miners in... 

An image of a disused mine shaft in South Africa
Photo by Bloomberg
Feeble attempts to close disused mine shafts means illegal miners will have an easy avenue to gain access to underground tunnels and ore.

Ivanhoe Electric raises $169m in IPO

By: Mariaan Webb     28th June 2022 US-based exploration and development company Ivanhoe Electric has priced its initial public offering (IPO) at $11.75 a share, raising $169.1-million. The company, led by mining magnate Robert Friedland, sold about 14.4-million shares at the bottom end of its previously guided IPO pricing range... 

An image of Robert Friedland
Robert Friedland

Anglo investing in expansion of organic waste upcycling company Sanergy

By: Schalk Burger     28th June 2022 Diversified mining multinational Anglo American is leading the latest investment round of organic waste upcycling business Sanergy, which has operations in Kenya. Sanergy's solutions are helping to transform how fast-growing cities in the developing world manage waste by upcycling it into... 

Metals set for worst quarter since 2008 on global downturn angst

By: Bloomberg     30th June 2022 Base metals headed for the worst quarterly slump since the global financial crisis in 2008 as China’s economy recovered only gradually and fears of a world recession intensified. The London Metal Exchange Index has tumbled 23% since the end of March, although the decline has been magnified due... 

Metals set for worst quarter since 2008 on global downturn angst

Biggest African fund manager is key to platinum takeover battle

By: Bloomberg     30th June 2022 Impala Platinum Holdings said Africa’s biggest fund manager must make a decision over what to do with its Royal Bafokeng Platinum stake, which has become central to ending an eight-month takeover battle that is hindering the companies from making future plans. South Africa’s Public Investment... 

Copper Mountain hires Macquarie to weigh Eva options

By: Mariaan Webb     28th June 2022 Canadian miner Copper Mountain Mining has engaged investment bank Macquarie Capital to evaluate strategic opportunities regarding the Eva copper project, in Queensland, Australia, the company confirmed on Monday. Copper Mountain was responding to media reports about a possible project sell-off.... 

China's Huayou to explore Zimbabwe lithium plant 'when conditions are right'

By: Reuters     30th June 2022 Huayou Cobalt 603799.SS on Thursday said it could not immediately commit to producing battery-grade lithium in Zimbabwe after the country's competition authority made that a condition of its takeover of a lithium mine.  China's biggest cobalt refiner acquired the hard-rock Arcadia lithium mine,... 

Vedanta urges Zambia to halt search for new KCM investor

By: Reuters     28th June 2022 Zambia should halt the search for a new investor in Konkola Copper Mines (KCM) until litigation with Vedanta Resources is settled, the Indian mining company said on Tuesday. Zambia's previous government put KCM in the hands of a liquidator in May 2019, triggering the ongoing legal dispute with... 

Exxaro highlights strong European coal demand, while local rail challenges persist

By: Marleny Arnoldi     30th June 2022 Diversified mining and energy group Exxaro Resources says high-quality thermal coal remains significantly in demand as the Russia/Ukraine war persists. The company reported in a pre-close statement issued on June 30 that the first half of the year has seen worsened supply chain disruptions... 

Exxaro highlights strong European coal demand, while local rail challenges persist

Britain sanctions Russia's 'Nickel King'

By: Reuters     29th June 2022 Britain on Wednesday announced sanctions on oligarch Vladimir Potanin, described by London as Russia's second-richest man and who has been buying assets from firms exiting Russia over the invasion of Ukraine. Potanin, known as Russia's "Nickel King", was included in the latest wave of sanctions... 

An image of Vladimir Potanin
Vladimir Potanin

Implats, AMCU sign five-year wage deal

By: Marleny Arnoldi     28th June 2022 JSE-listed Impala Platinum Holdings (Implats) on June 28 signed a five-year wage agreement with the Association of Mineworkers and Construction Union (AMCU) for its operating subsidiaries Marula and Impala Rustenburg, effective July 1. The agreement is in line with current inflation of 6.5% and... 

Implats CEO Nico Muller and AMCU president Joseph Mathunjwa
Implats CEO Nico Muller and AMCU president Joseph Mathunjwa

Copper slumps to 17-month low as recession fears haunt markets

By: Reuters     1st July 2022 Copper prices tumbled to a near 17-month low on Friday and were set for their fourth consecutive weekly decline, as fast-rising interest rates and weak economic data stoked fears of a global recession, which would dent demand for metals. Other industrial metals also fell, with zinc dropping over... 

Copper slumps to 17-month low as recession fears haunt markets

Critical minerals inspire global collaborative exploration efforts, finds PDAC panel

By: Marleny Arnoldi     29th June 2022 Governments around the world are using next-generation public geoscience to meet many of the same challenges and opportunities, including meeting increased demands for critical minerals, clean energy supply and disaster risk reduction. As such, many national and regional geological survey... 

Sayona and Piedmont approve C$98m Quebec lithium restart

By: Mariaan Webb     28th June 2022 Emerging lithium producer Sayona Mining has cemented plans to get its North American spodumene production off the ground in 2023, following a formal agreement of the North American Lithium (NAL) restart programme. Sayona Quebec, which is 75% owned by Sayona and 25% by Piedmont, has formally... 

Sayona and Piedmont approve C$98m Quebec lithium restart

Northern Star considers three mill expansion options at KCGM

By: Darren Parker     28th June 2022 Gold mining company Northern Star Resources is mulling over three potential mill expansion options that were put forward in a recently completed Kalgoorlie Consolidated Gold Mines (KCGM) mill optimisation prefeasibility study (PFS). The PFS formed part of an investigation into opportunities for... 

KCGM super pit in Australia
Photo by Bloomberg
KCGM is one of the world's largest gold mines

China's Huayou faces clash with regulator over Zimbabwe lithium project

By: Reuters     28th June 2022 China's Zhejiang Huayou Cobalt faces regulatory pressure to produce battery-grade lithium in Zimbabwe within five years, official documents seen by Reuters show, something the miner has already said cannot be achieved. China's biggest cobalt refiner acquired the hard-rock Arcadia lithium mine... 

Sibanye to raise stake in Finland's Keliber to 80% 

By: Mariaan Webb     30th June 2022 Finnish lithium company Keliber has negotiated a financing arrangement with South Africa-based Sibanye-Stillwater that will enable its lithium project in the Ostrobothnia area to progress to the construction phase. The two-phase arrangement will see Sibanye-Stillwater increase its shareholding... 

Sibanye to raise stake in Finland's Keliber to 80%

G7 agrees to study Russian energy price caps

By: Reuters     28th June 2022 G7 leaders have agreed to study placing global price caps on imports of Russian energy to curb Moscow's ability to fund its invasion of Ukraine and to contribute up to $5-billion to address global food insecurity, officials said on Tuesday. The war in Ukraine and its dramatic economic fallout,... 

An image of the G7 leaders in Germany

Rio Tinto, Corona Canada pilot low-carbon beer cans

By: Marleny Arnoldi     30th June 2022 British-Australian mining group Rio Tinto and beer brewer Corona Canada have launched a trial of Canada’s first specially-marked, low-carbon beverage can. The can was manufactured by Ball Corporation, using aluminium from Rio Tinto and leveraging emissions-free Elysis smelting technology. 

Jupiter’s manganese subsidiary delivers A$58m Ebitda in the first quarter

By: Marleny Arnoldi     28th June 2022 ASX-listed Jupiter Mines’ 49.9%-owned subsidiary Tshipi é Ntle Manganese Mining has reported production of 883 000 t from the Tshipi Borwa manganese mine, in South Africa’s Northern Cape province, for the first quarter of its 2023 financial year. The subsidiary reports that just shy of... 

Kinross eyes first production from new Alaska mine in 2024

By: Mariaan Webb     29th June 2022 Canadian bullion miner Kinross has unveiled some initial results from the soon-to-be-released feasibility study of its 70%-owned Manh Choh project, in Alaska, and pencilled in the fourth quarter of 2024 as its first production date. The feasibility study is nearing completion and will be... 

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