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South America News

Mining countries being helped to build critical mineral supply chains

By: Martin Creamer     Updated 3 hours ago The United States of America wants to support mineral producing countries to build enabling environments for investment throughout the critical minerals supply chain and not just focusing on extraction alone. This was stated by US Under Secretary of State for economic growth, energy and... 

Fundamental change needed in how we think about mining investment ­– Eurasian CEO

By: Irma Venter     Updated 6 hours ago With one Apple you can buy the world’s 50 largest mining companies, says Eurasian Resources Group CEO and Global Battery Alliance (GBA) co-chair Benedikt Sobotka. Speaking at the Investing in African Mining Indaba in Cape Town, he noted that the market capitalisation of the world’s top five... 

Image of Eurasian Resources Group CEO and Global Battery Alliance (GBA) co-chair Benedikt Sobotka
Benedikt Sobotka

Minerals Council's Roger Baxter encouraged by board-level engagement with Transnet 

By: Martin Creamer     Updated 6 hours ago Minerals Council South Africa CEO Roger Baxter said on Monday that the council is encouraged by the board level engagement it has undertaken so far with State rail enterprise Transnet and is hoping that this engagement will deliver some very specific results in stabilising rail performance in the... 

Minerals Council South Africa CEO Roger Baxter, Council president Nolitha Fakude, office bearer Themba Mkhwanazi, and chief economist Henk Langenhoven.
Photo by Creamer Media
Minerals Council South Africa CEO Roger Baxter, Council president Nolitha Fakude, office bearer Themba Mkhwanazi, and chief economist Henk Langenhoven.

Ever greater global acknowledgement of need to decarbonise ever more urgently – Anglo 

By: Martin Creamer     6th February 2023 Ever greater acknowledgement is being given to the need to decarbonise global energy and transport systems ever more urgently. At the same time, ever greater global recognition is being given to the fact that many of the products of mining are fundamental to enabling that shift. 

Anglo American CE Duncan Wanblad.
Anglo American CE Duncan Wanblad.

Chile copper production down 0.5% in December - Cochilco

By: Reuters     6th February 2023 Chile's total copper production fell 0.5% in December to 495 800 t, government body Cochilco said on Friday, meaning that output in the full year of 2022 dropped 5.3% on a yearly basis to 5.33-million tonnes. Monthly production from state-owned giant Codelco slipped 11.8% on a yearly basis to... 

South32 to fund Minsud exploration programme in Argentina

By: Mariaan Webb     6th February 2023 Mineral exploration company Minsud Resources is fully funded to advance its Chita Valley project, in San Juan, Argentina, with a South32 electing to fund another year of exploration in terms of a 2019 earn-in agreement. A subsidiary of South32 will fund the C$9.1-million Year 4 budget and... 

Brazilian authorities back BHP's play for Oz Minerals

By: Esmarie Iannucci     6th February 2023 Brazil’s Administrative Council for Economic Defence has given mining major BHP approval for its proposed acquisition of ASX-listed Oz Minerals. The two companies in December entered into a scheme implementation deed and the Oz Minerals directors unanimously recommended that shareholders accept... 

Newmont makes nonbinding offer for Australia's Newcrest

By: Esmarie Iannucci     6th February 2023 Gold major Newcrest Mining on Monday confirmed it had received a conditional and non-binding indicative proposal from major Newmont, valued at about A$24-billion. Under the proposal, Newcrest shareholders would receive 0.38 Newmont shares for every Newcrest share held. This would result in the... 

Newcrest is one of the biggest gold miners in the world. In Canada, it owns the Brucejack (pictured) and Red Chris mines.
Newcrest is one of the biggest gold miners in the world. In Canada, it owns the Brucejack (pictured) and Red Chris mines.

Seriti Green raises need for Africa to appraise vanadium as electricity storage battery metal  

By: Martin Creamer     3rd February 2023 Wind farm builder Seriti Green, which is planning substantial electricity storage capacity at its big renewable energy project in Mpumalanga, has raised the need for vanadium to be appraised as a battery storage metal of choice in Africa owing to the difficulties of sourcing lithium batteries.... 

From left, Layton Nenzinane, Peter Venn and Doug Gain.
Seriti Green Mpumalanga wind farm developers talk to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Iron-ore retreats on China demand rethink, price curbs worry

By: Reuters     3rd February 2023 Dalian iron-ore futures dipped on Friday, deepening weekly losses as traders reassessed demand prospects in top steel producer China and exercised caution after market regulators repeatedly warned against excessive price speculation. The steelmaking ingredient's most-active May contract on... 

Proudly South African technology catches eye of fusion project researchers 

By: Martin Creamer     3rd February 2023 Innovative Proudly South African membraneless technology has caught the eye of the engineers involved in the huge global ITER fusion project as a possible solution to recover tritium from tritiated water. The membraneless technology is the brainchild of Hydrox Holdings engineers, based in... 

The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.
Photo by Creamer Media Chief Photographer Donna Slater
The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.

Ramaphosa to deliver keynote address at Mining Indaba

By: Martin Creamer     2nd February 2023 South African President Cyril Ramaphosa has confirmed his attendance at the Mining Indaba taking place in Cape Town next week, from Monday to Thursday. Ramaphosa, accompanied by eight ministers and three deputy ministers, will deliver a keynote address on Tuesday, 7 February. 

President Cyril Ramaphosa, President of South Africa.
President Cyril Ramaphosa, President of South Africa.

Copper drives Anglo’s overall fourth-quarter production higher, but PGMs, nickel disappoint 

By: Marleny Arnoldi     2nd February 2023 Diversified miner Anglo American has reported a year-on-year improvement in the production of nearly all its commodities – except for platinum group metals (PGMs) and nickel – for the fourth quarter of 2022. CE Duncan Wanblad says overall production increased by 10% year-on-year, driven by the... 

Anglo American CE Duncan Wanblad
Anglo American CE Duncan Wanblad

155 MW wind farm to be constructed in Mpumalanga by Seriti Green  

By: Martin Creamer     2nd February 2023 Work is scheduled to begin soon on the construction of a wind farm in Mpumalanga, South Africa’s electricity heartland. The project, which begins with 155 MW of wind energy and expands to a capacity of 900 MW of renewables and 800 MWh of battery storage, forms part of an agreement that will see... 

Seriti Resources CE Mike Teke.
Seriti Green's wind energy initiative covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

First Quantum to hold board meeting in Panama - source

By: Reuters     2nd February 2023 Directors of First Quantum Minerals will meet in Panama this week for a board meeting, a source close to the Canadian company said on Wednesday, in the midst of a longstanding dispute over its contract with the government to operate a major copper mine. Panama's government and First Quantum are... 

Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 

By: Martin Creamer     1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

Australia's Tombador Iron halts Brazil mine production after unrest

By: Reuters     1st February 2023 Australia's Tombador Iron said on Wednesday it had temporarily halted production at its flagship iron-ore mine in Brazil after a blockade in Bahia state affected logistics. Shares of the iron ore miner fell 14.3% after the news and were staring at their worse session in nearly five months. 

Vale's fourth-quarter iron-ore output edges down

By: Reuters     1st February 2023 Brazil's Vale, one of the world's largest mining companies, on Tuesday reported a fourth-quarter 1% fall in iron ore production from a year earlier, while the sales volume of nickel soared The company said it produced 80.85-million tonnes of iron-ore during the last three months of 2022, sending... 

Blyvoor Gold secures approval for solar energy project

By: Martin Creamer     31st January 2023 Carletonville’s Blyvoor Gold Mine has announced the approval of the first phase of its solar energy project. Up to 40 MW will be generated near its mining operations on Gauteng’s West Rand, following Eskom’s first phase approval. 

Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.
Carletonville’s Blyvoor Gold Mine on Gauteng’s West Rand.

New partnership enabling South African lithium pioneer to go full throttle 

By: Martin Creamer     31st January 2023 Battery metals investment and exploration company Marula Mining, which is delivering its first shipment of lithium ore from its Blesberg lithium and tantalum mine in the Northern Cape, has received a funding boost by clinching of a partnership with Q Global Commodities (QGC). As a majority... 

QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.
QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.

Sibanye, Harmony, Gold Fields among miners listed in the 2023 Bloomberg Gender-Equality Index

By: Creamer Media Reporter      31st January 2023 Precious metals miners Sibanye-Stillwater, Harmony Gold and Gold Fields are among the mining firms recognised in this year's Bloomberg Gender-Equality Index. Harmony has been included in the index for the fifth consecutive year. 

South Africa well on way to unlocking incredible base metals potential – Orion 

By: Martin Creamer     31st January 2023 Emerging production hubs in the Northern Cape are opening the way for South Africa to be a producer of future-facing ‘green’ metals to support the global energy transformation and to mitigate against climate change.  The two emerging production hubs are the Prieska Copper-Zinc Mine and the Okiep... 

Dewatering plan at Prieska Copper-Zinc Mine.
Dewatering plan at Prieska Copper-Zinc Mine.

Central bank gold purchases reached a 55-year record high in 2022

By: Marleny Arnoldi     31st January 2023 The World Gold Council (WGC) has revealed in its latest ‘Gold Demand Trends’ report that gold demand increased by 18% year-on-year in 2022, hitting the highest yearly total since 2011 at 4 741 t. WGC senior market analyst Louise Street tells Mining Weekly that demand for gold was propelled by... 

Kibali nears 93% renewable energy-powered rate, adds reserves to mine life

By: Marleny Arnoldi     31st January 2023 Global miner Barrick Gold Corporation has announced its Kibali mine, in the Democratic Republic of Congo (DRC), is on track to replace its reserves beyond the ounces mined in the prior year and maintain a ten-year life of mine at a Tier One operation. The company’s 45% owned Kibali mine... 

Global oil and gas exploration spend hits record highs

By: Esmarie Iannucci     31st January 2023 New data by advisory firm Wood Mackenzie (WoodMac) has shown that 2022 was the strongest year in more than a decade for global oil and gas exploration, led by major discoveries in Namibia, Brazil and Algeria. WoodMac reported that the sector created at least $33-billion of value and achieved... 

Global oil and gas exploration spend hits record highs

Teck forecasts big jump in copper output this year

By: Mariaan Webb     31st January 2023 Canadian miner Teck Resources has missed its production guidance for copper in 2022, but the company has set its sights on significantly higher output this year, as its new mine in Chile continues to ramp up. Copper production in 2023 will be in the range of 390 000 t to 445 000 t. The Quebrada... 

Teck forecasts big jump in copper output this year

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

Intervention urgent to resolve rail, port problems, says Business Leadership South Africa

By: Martin Creamer     30th January 2023 Urgent intervention is required to resolve the problems of South Africa’s freight rail system and ports, says Business Leadership South Africa (BLSA)CEO Busi Mavuso, who in this week’s BLSA newsletter describes the coal export slump through Richards Bay Coal Terminal (RBCT) as startling. “The... 

Business Leadership South Africa CEO Busi Mavuso.
Photo by Creamer Media
Business Leadership South Africa CEO Busi Mavuso.

EU recovers appetite for trade in green industry push

By: Reuters     30th January 2023 The European Union is aiming to enact up to five trade deals in record time to ensure its future as a clean tech leader, by securing supplies of key raw materials, increasing markets for green exports and reducing its reliance on China. A big EU trade push is a key part of its "Green Deal... 

European Commission president Ursula von der Leyen
European Commission president Ursula von der Leyen

Peru’s violent protests imperil 30% of its copper output

By: Bloomberg     30th January 2023 An upsurge in the violent protests wracking Peru is crimping copper output in the world’s No. 2 supplier, with about 30% of its production at risk at a time of low global stocks and high prices. One copper mine is offline after demonstrators stormed the site, another has seen shipments choked by... 

Peru’s violent protests imperil 30% of its copper output

Brazil's government eyes compensation deal for 2015 Vale-BHP dam burst

By: Reuters     30th January 2023 Brazil's government will try to reach a deal "as soon as possible" on compensation for the 2015 burst of a tailings dam owned by Samarco, a joint venture between Vale and BHP,  Institutional Relations Minister Alexandre Padilha said on Friday. 

North Carolina gives Piedmont Lithium second extension to file documents

By: Reuters     30th January 2023 North Carolina regulators have given Piedmont Lithium a second extension to submit necessary documents for the company's application to build one of North America's largest lithium mines. State officials since August 2021 have been reviewing how the proposed mine, which has garnered widespread... 

MMG flags production halt at Las Bambas in Peru due to protests

By: Reuters     30th January 2023 Chinese copper miner MMG said on Monday its Las Bambas mine in Peru would likely have to halt production from February 1 due to a shortage of "critical supplies" leading to a slowdown of operations. MMG said the shortage of supplies was due to transport disruptions from protests in Peru. ] 

Green hydrogen research given R35m boost 

By: Martin Creamer     27th January 2023 South Africa's North-West University (NWU) is investing around R35-million in strategic funding to advance green hydrogen research over the next five years.   This follows the announcement that Hydrogen South Africa Infrastructure Centre of Competence (HySA CoC) at NWU is collaborating with... 

Hydrogen South Africa solar power installation at NWU to supply renewable power for hydrogen production.
Hydrogen South Africa solar power installation at NWU to supply renewable power for hydrogen production.

Panama won't allow Canada's First Quantum to expand its copper mine operations

By: Reuters     27th January 2023 Panama will not allow Canada's First Quantum to expand the area of its existing copper mining operations, the deputy Environment Minister told Reuters, stressing the government's opposition to what it said was a request from the firm for more land. The comments from Deputy Minister Diana Laguna... 

Renewable energy, social upset key themes for miners in 2023 – Fitch Solutions 

By: Donna Slater     26th January 2023 Capital expenditure of mining companies is increasingly being aimed at renewable energy projects and associated grid development – a trend that is likely to continue throughout this year, financial risk management, solutions and insights company Fitch Solutions commodities analyst Amelia Haines... 

Solar PV panels
Miners in 2023 to focus on renewable energy expansion, addressing social aspect of ESG

RBCT coal exports fall below 1993 level, being hit very badly by cable theft  

By: Martin Creamer     26th January 2023 The number of tons of coal exported through Richards Bay Coal Terminal (RBCT) in 2022 fell to the lowest level since 1993. A total of 50.35 t was exported from the private-sector-owned RBCT, with the public-sector-owned rail line again being severely hit by copper cable theft currently. (Also... 

Lowest coal exports from Richards Bay Coal Terminal in 30 years.
Richards Bay Coal Terminal media briefing covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Chile mine delays to slow copper growth; peak seen lower, later - regulator

By: Reuters     26th January 2023 Copper production in Chile, the world's largest producer of the red metal, will grow at a slower rate this decade than previously hoped, a government report seen by Reuters showed, with peak output later and lower than estimated a year ago. Likely output of the red metal will peak at some... 

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