https://www.miningweekly.com
R/€ = 19.64 Change: 0.00
R/$ = 16.73 Change: 0.02
Au 1890.70 $/oz Change: 2.80
Pt 903.47 $/oz Change: 33.59
 

Silver News

Cabinless, emissionless vehicle foretelling underground’s autonomous future  

By: Martin Creamer     30th September 2020 Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design places emphasis on the extent to which traditional human operation at the rockface is becoming a... 

Carbide recycling can create jobs for mine communities – Sandvik  

By: Martin Creamer     29th September 2020 The local extraction of carbide inserts can create job opportunities for communities living around mines – “a true win, win, win situation for society, our customers and ourselves”, Sandvik rock tools division VP Nina Axman enthused on Tuesday. Sandvik is developing a new recycling process that... 

Carbide recycling can create jobs for mine communities – Sandvik
Mining Weekly’s Martin Creamer reports on Sandvik’s mining innovation virtual event. Video: Darlene Creamer

First Majestic considers next steps in Mexico tax dispute

By: Marleny Arnoldi     28th September 2020 Canadian miner First Majestic Silver said on Friday it was considering its legal plan of action going forward in an ongoing tax dispute with Mexico. The dispute with the Mexican tax authority relates to a 2012 advance pricing agreement (APA) that was granted to a subsidiary of the company,... 

Pandemic bolsters US demand for precious metals

By: Tasneem Bulbulia     25th September 2020 The Covid-19 pandemic has acted as a catalyst for furthering investment in gold and silver in the US, with a new wave of investors who have never bought precious metals before now considering investing in such assets, Monex Precious Metals broker Albert Johnston III said during an LBMA-hosted... 

Gran Colombia to spin out ‘under-valued’ silver-gold asset

By: Mariaan Webb     25th September 2020 Midtier miner Gran Colombia on Thursday announced a letter of intent to spin-out its interest in the Zancudo project, over which Iamgold has an option, to TSX-V-listed junior ESV Resources. Gran Colombia will also subscribe for C$3-million of subscription receipts in a non-brokered private... 

Anglo Asian pushes ahead with growth plans; first-half delivers strong cash generation

By: Marleny Arnoldi     23rd September 2020 Aim-listed gold, copper and silver producer Anglo Asian Mining has declared an interim dividend of $0.04 apiece for the six months ended June 30, which is 29% higher year-on-year. The company says it will consider a special dividend in the first quarter of 2021 the back of ongoing strong cash... 

Anglo Asian pushes ahead with growth plans; first-half delivers strong cash generation

Green hydrogen study integrating SADC ahead of trillion dollar market emergence  

By: Martin Creamer     23rd September 2020 A German-funded project to develop a green hydrogen atlas across Southern Africa is integrating the Southern African Development Community (SADF) region ahead of the projected opening up of a trillion dollar market going into the future. Funded €5.7-million by the Germany Federal Ministry of... 

Green hydrogen study integrating SADC ahead of trillion dollar market emergence
Sasscol executive director Dr Jane Olwoch interviewed by Engineering News & Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Polymetal's biggest shareholder raises $443m from 4% stake sale

By: Reuters     18th September 2020 Russian gold and silver producer Polymetal's biggest shareholder has raised £342-million from the sale of a 4% stake in the company through an accelerated book building (ABB), a bookrunner said on Friday. IST Group, owned by businessman Alexander Nesis, sold 19-million shares in Polymetal, it... 

Hydrogen, platinum fund sets up shop in South Africa with dollars to invest 

By: Martin Creamer     11th September 2020 London-headquartered AP Ventures, an independent venture capital fund focussed on investing in early-stage companies that use or enable the use of platinum group metals (PGMs), has established a presence in South Africa. AP Ventures founding partner Kevin Eggers told this week’s virtual 2020 PGMs... 

Hydrogen, platinum fund sets up shop in South Africa with dollars to invest
Photo by Creamer Media
Top from left, Anton Berlin, Tim Schlick, Kevin Eggers. Bottom from left Benny Oeyen, Matthias Dohrn, Trevor Raymond.

First Majestic to raise C$78m

By: Creamer Media Reporter      11th September 2020 Publically traded mining company First Majestic has announced that it will raise C$78-million through a bought deal finance investment by Canadian investor Eric Sprott. The bought deal finance includes five-million common shares at C$15.60 a share. The proceeds would be used to develop and, or... 

Russia's Jan-July gold output down due to lower output from scrap

By: Reuters     10th September 2020 Russia produced 176.3 t of gold from January to July, down from 185.1 tonnes during the same period last year, the finance ministry said on Thursday. Gold output in Russia, the world's third largest producer of the precious metal, has been rising steadily over the past decade as companies invest... 

Core looks at divesting silver assets

By: Esmarie Iannucci     10th September 2020 Lithium developer Core Lithium has flagged the potential sale of its non-core silver assets in the Northern Territory. The company on Thursday said that it had received a number of expressions of interest for its Blueys Silver project, where drilling had previously intercepted grades of up to 1... 

Platinum has potential to be three-times-bigger $35bn-a-year industry – Minerals Council  

By: Martin Creamer     9th September 2020 Instead of being the $11-billion-a -year type industry that it is today, the platinum business has the potential to be a $35-billion-a-year industry by 2050, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Baxter made this statement in response to a question put to him during a... 

Platinum has potential to be three-times-bigger $35bn-a-year industry – Minerals Council
Minerals Council South Africa CEO Roger Baxter address to PGM Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Promoting hydrogen economy should be No1 priority – RBPlat’s Phiri 

By: Martin Creamer     9th September 2020 Promoting the hydrogen economy should be South Africa’s number one priority, Royal Bafokeng Platinum CEO Steve Phiri said on Wednesday. Speaking during a panel discussion on the current state of the platinum group metals industry at the virtual 2020 PGMs Industry Day, Phiri said that this... 

Promoting hydrogen economy should be No1 priority – RBPlat’s Phiri
Photo by Creamer Media
Steve Phiri, Andries Rossouw (from left top) and Natascha Viljoen, Nico Muller (from left bottom)

Hochschild sees lower output on lockdowns in Peru, Argentina

By: Reuters     7th September 2020 Precious metals miner Hochschild Mining said on Monday it expects lower annual production than forecast earlier this year as Covid-19-related disruptions hampered mining activity at its assets in Peru and Argentina. The company, which operates two mines in Peru and one in Argentina, said it was... 

Silver’s brilliant year validates longtime bugs' enthusiasm

By: Bloomberg     7th September 2020 Ned Naylor-Leyland has been all-in on silver for 18 years, earning derision along the way from fellow investors favoring the more glamorous gold. Now, with silver’s price skyrocketing 51% this year, he’s got reason to feel vindicated. The manager of the $1-billion Merian Gold and Silver Fund in... 

Silver’s brilliant year validates longtime bugs' enthusiasm

South Africa’s green revolution gathering momentum 

2nd September 2020 The Covid-19 pandemic has presented countries around the world with immense challenges, as the impact of the virus has affected every aspect of everyday life as we know it, write Dr Cosmas Chiteme, Dr Rebecca Maserumule and Prof Dmitri Bessarabov. (Chiteme and Maserumule are senior managers at... 

South Africa’s green revolution gathering momentum
Hydrogen fuel and containerised fuel cell installations at One Military Hospital in Pretoria.

Ecuador Constitutional Court denies mining referendum

By: Mariaan Webb     1st September 2020 The Constitutional Court of Ecuador has denied an application to hold a referendum related to mining activities in the canto of Cuenca, in Azuay, where Canadian junior INV Metals is developing the Loma Larga gold/copper/silver project. This is the third such request by an individual to stop... 

Rhodium may turn out to be the metal of the decade – Northam 

By: Martin Creamer     28th August 2020 Rhodium may turn out to be the metal of the decade, Northam CEO Paul Dunne said on Friday. Speaking at the JSE-listed company’s presentation of outstanding results, which saw the company shrug off the Covid-19 pandemic to report a record financial year in the 12 months to June 30, Dunne said... 

Rhodium may turn out to be the metal of the decade – Northam
Northam Platinum results covered by Mining Weekly’s Martin Creamer. Video: Kutlwano Matlala.

South Africa’s instability still curbing mining capex – Master Drilling

By: Martin Creamer     27th August 2020 Drilling company Master Drilling, which is operating in 23 countries, does not foresee significant fixed capital being spent in South Africa, even though the company is finding strong demand pull in other main mining jurisdictions and earned most of its half-year revenue and highest profit margin... 

South Africa’s instability still curbing mining capex – Master Drilling
Master Drilling project.

Master Drilling aligning with opencast mines going underground in changing world  

By: Martin Creamer     26th August 2020 South Africa-based drilling company Master Drilling, which is active in 23 countries, is aligning itself with the transitioning global requirement of opencast mines going underground. “As the world is changing, so are the mines,” said Master Drilling technology director Koos Jordaan at the... 

Master Drilling aligning with opencast mines going underground in changing world
Master Drilling technology director Koos Jordaan’s presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Trevali unveils Rosh Pinah expansion study results

By: Mariaan Webb     26th August 2020 Toronto-listed Trevali Mining has announced the outcomes of a prefeasibility study (PFS) for the expansion of its Rosh Pinah mine, in Namibia, putting a price tag of $93-million on the RP2.0 expansion project. The study contemplates expanding the throughput from 0.7-million tonnes a year to... 

Trevali unveils Rosh Pinah expansion study results
Rosh Pinah, in Namibia

Third of labour force let go – Master Drilling  

By: Martin Creamer     25th August 2020 The Covid-19 crisis resulted in drilling company Master Drilling having to let go a third of its labour force in the world, Master Drilling CEO Danie Pretorius said on Tuesday. Fochville-based Master Drilling provides drilling services to the mining, civil engineering and building construction... 

Third of labour force let go – Master Drilling
Master Drilling half-year results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Trilogy-South32 venture delivers feasibility for $1bn Arctic project

By: Mariaan Webb     20th August 2020 Ambler Metals – a joint venture between Trilogy Metals and South32 – on Thursday announced the outcome of a feasibility study for the Arctic base and precious metals project, in north-western Alaska. With an estimated initial capital requirement of $906-million and sustaining capital of... 

Electra Mining Africa 2020 going digital with Connect – and it’s free of charge 

By: Martin Creamer     20th August 2020 The Electra Mining Africa Connect week will enable exhibitors to promote their products and services free of charge alongside industry-related informative webinars, media activations and product showcase opportunities from September 7 to 11. For the first time in 48 years, Electra Mining Africa... 

Electra Mining Africa 2020 going digital with Connect – and it’s free of charge
Specialised Exhibitions MD Gary Corin outlines Electra Mining Africa 2020 Connect plans to Martin Creamer. Video: Darlene Creamer.

Mining production to end year higher than in the first half

By: Donna Slater     18th August 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says mining production and investment across most minerals, except for thermal coal, are likely to finish the year stronger than in the first half of the year as a result... 

Metals showing signs of recovery, says S&P Global Market Intelligence 

By: Tasneem Bulbulia     14th August 2020 It has been a volatile time for the metals market, as a result of the dire state of the global economy amid the Covid-19 pandemic; however, the performance of metals in the second quarter points to signs of some recovery, speakers indicated during S&P Global Market Intelligence’s state of the... 

Metals showing signs of recovery, says S&P Global Market Intelligence
S&P Global Market Intelligence senior analyst Gregory Rodwell details the state of metals market in the second quarter

Awesome new proudly South African face mask kindling international interest   

By: Martin Creamer     13th August 2020 An awesome new proudly South African face mask, with a replaceable filtration system at its heart, is attracting international interest. The innovative and timely Hudaco Air Mask is a lockdown-period product of the Johannesburg Stock Exchange-listed Hudaco Industries group. (Also watch attached... 

Awesome new proudly South African face mask kindling international interest
Hudaco CEO Graham Dunford and Hudaco’s executive consultant Mike Allnutt discuss the new Hudaco face mask innovation with Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Altus progresses Moroccan silver/copper project

By: Donna Slater     12th August 2020 Aim- and TSX-V-listed African mining royalty generator Altus Strategies has reached key milestones in the development of its 100%-owned Agdz silver/copper project in Morocco. The 59.7 km2 Agdz project, which comprises four contiguous licence blocks in the Souss-Massa-Drâa region of the... 

Mine export values back but volumes need boosting – Minerals Council 

By: Martin Creamer     10th August 2020 South Africa’s mine export values have bounced back encouragingly but volumes still need boosting. June’s export value was 13% up on May. 

Mine export values back but volumes need boosting – Minerals Council
Production and export volumes compared with export values.

McEwen has another challenging quarter

By: Donna Slater     7th August 2020 TSX- and NYSE-listed gold and silver producer and explorer McEwen Mining reports that for the second quarter of the year, its gold and silver production was adversely impacted by operational and Covid-19-induced disruptions. The company, which operates four mines in the Americas, produced 15 700... 

Silver loses shine in top buyer as prices rocket to record high

By: Bloomberg     7th August 2020 Silver consumption in India is set to halve in 2020 as buyers, mainly from rural areas, skip purchases amid surging prices and a weak economy. Imports by the world’s biggest consumer may tumble by as much as 50% this year from about 6 000 t in 2019, according to Chirag Sheth, a consultant at... 

Silver loses shine in top buyer as prices rocket to record high

Rising silver output and prices lift Hecla results

By: Marleny Arnoldi     7th August 2020 NYSE-listed Hecla Mining managed to achieve a second-highest quarterly production of silver, since 2016, in the three months ended June 30, despite being amid the Covid-19 pandemic. More output combined with higher silver prices enabled the precious metals miner to generate 25% more revenue... 

Coal will continue to be assessed but should remain in Glencore right now – Glasenberg 

By: Martin Creamer     6th August 2020 Coal will continue to be assessed but should remain in Glencore right now, Glencore CEO Ivan Glasenberg said on Thursday. For the six months to June 30, the London- and Johanneburg-listed diversified mining and marketing company report that its energy business was down 65% at $0.7-billion on... 

Coal will continue to be assessed but should remain in Glencore right now – Glasenberg
Ivan Glasenberg

Canadian Mining Eye index increases 72% in Q2

By: Donna Slater     30th July 2020 The mining and metals industry has fared “quite well” during the second quarter, despite the challenging landscape brought on by the Covid-19 pandemic, says professional services firm EY Canada mining and metals co-leader Jeff Swinoga. “This is not the first time this sector has had to face... 

Investigator raises A$8m for silver project

By: Esmarie Iannucci     30th July 2020 Junior Investigator Resources will raise A$8-million through a share placement to fund exploration work at its Paris silver project, in South Australia. The company on Thursday said that 266.7-million shares would be placed at a price of 3c each, in two tranches. 

The other reason silver is soaring: Disruptions in Latin America

By: Bloomberg     29th July 2020 Silver’s biggest monthly rally since 1979 has mainly been a story of strong demand. Investors are seeking shelter from pandemic turmoil and negative rates while industrial demand for the metal recovers in some parts of the world. But here’s another reason to be bullish on silver: Supplies are... 

The other reason silver is soaring: Disruptions in Latin America

Fresnillo reports rise in profitability, despite Covid-19 impact

By: Donna Slater     28th July 2020 Higher gold and silver prices, along with higher volumes of zinc and lead sold, contributed in a 5.3% year-on-year increase in Mexico-based precious metal miner Fresnillo's revenue to $1.12-billion for the six months ended June 30. The miner has declared an interim dividend of $16.9-million,... 

1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Close