https://www.miningweekly.com
R/€ = 17.18 Change: 0.00
R/$ = 14.60 Change: 0.00
Au 1759.25 $/oz Change: -26.97
Pt 946.50 $/oz Change: -1.60
 

South America News

Bush clearing, shaft rehab under way at West Wits gold revival project  

By: Martin Creamer     16th September 2021 Australia-listed West Wits Mining, which is considering a secondary listing on the JSE, has commenced bush clearing and old shaft rehabilitation west of Johannesburg, as part of its far-reaching revival plans for an area where gold mining took place as recently as 20 years ago. West Wits Mining,... 

Queen’s Virtues coin series now features platinum

By: Marleny Arnoldi     16th September 2021 The Treasury of St Helena and The East India Company have added platinum to its St Helena Queen’s Virtues Series of coins. To provide choice for investors, the companies have included three sizes – 1 oz, 0.5 oz and 0.10 oz – in the 2021 Queen’s Virtues Victory coin range.  

St Helena's platinum Queen's Virtues Victory coin
Treasury of St Helena's platinum Queen's Virtues Victory coin

ABB launches solutions for zero-carbon mining

By: Esmarie Iannucci     16th September 2021 Global technology company ABB has released a portfolio of solutions that will help accelerate the move towards a zero-carbon mine. Dubbed ABB Ability eMine, the portfolio comprises electrification technologies which makes the all-electric mine possible from mine to port and is integrated with... 

Bradespar to distribute about $1bn in Vale stock to shareholders

By: Reuters     16th September 2021 Brazilian holding company Bradespar, one of the largest shareholders in miner Vale SA, said it will distribute 5.2-billion reais ($990-million) in Vale shares to its shareholders, reducing its capital. In a securities filing late on Tuesday, Bradespar said the proposal will be put to a vote at... 

Top lithium producer Albemarle, union in Chile reach agreement, ending strike

By: Reuters     16th September 2021 Albemarle, the world's top lithium producer, said on Wednesday it had reached a labor contract deal with a union at its Atacama salt flat plant, ending a month-long strike that had inflamed tensions between workers and the company. The 135-member "Albemarle Salar" union, which comprises about... 

Codelco reaches labor agreement with union at small Salvador division

By: Reuters     16th September 2021 Chile's State-owned Codelco, the world's largest copper producer, said on Wednesday it had reached agreement on a labor contract with a union representing workers at its small Salvador division in northern Chile. The miner and the Benito Tapia Tapia union No. 6 signed a 36-month deal that... 

Chile trims copper price forecast as China slows

By: Bloomberg     15th September 2021 Chile, the biggest copper-producing country, trimmed its annual price forecast for the metal on slowing Chinese demand and prospects of an easing in US stimulus. The Chilean government’s copper commission, Cochilco, expects prices to average $4.20 a pound this year, according to a presentation... 

BHP spent just half-a-day's profit looking for copper last year

By: Bloomberg     15th September 2021 Copper might be BHP Group’s most prized metal, but the world’s biggest mining company spent little more than it earned in an average 12-hour period last year exploring for new deposits. The company spent just $53-million looking for the metal last year, when it posted record profit of... 

An image of a copper roll.

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

DRDGold’s Pretorius highlights rising importance of ESG for miners

By: Marleny Arnoldi     14th September 2021 Gold producer DRDGold CEO Niël Pretorius told investment firm CX Investments in an interview that investors were becoming more supportive of projects that may not necessarily have vast economic upside, but that will deliver in terms of environmental or social value-add. He explained that the... 

Union at Albemarle Atacama plant rejects new contract offer, strike continues

By: Reuters     14th September 2021 A Chilean union at Albemarle Corp, the world's top lithium producer, said on Monday it had rejected the company's latest labour contract offer, leaving workers to continue a walk off that has extended for more than a month. The 135-member "Albemarle Salar" union, which comprises about half the... 

Chile indigenous group asks regulators to suspend lithium miner SQM's permits

By: Reuters     14th September 2021 Indigenous communities living around Chile's Atacama salt flat have asked authorities to suspend lithium miner SQM's operating permits or sharply reduce its operations until it submits an environmental compliance plan acceptable to regulators, according to a filing viewed by Reuters. Chile's... 

Barrick eyes new mines, not deals, for future growth 

By: Reuters     14th September 2021 Barrick Gold CEO Mark Bristow spent years burnishing his reputation as an aggressive dealmaker, but he says now he is focused on new mines that he hopes will boost profit and the company's sagging stock price. The strategy eschews the acquisition appetite that made Barrick what it is today and... 

Barrick CEO Mark Bristow
Barrick CEO Mark Bristow

BHP reports board changes

By: Esmarie Iannucci     14th September 2021 Diversified miner BHP has announced the retirement of Susan Kilsby and Anita Frew from the company’s board after the company’s next annual general meeting. Kilsby was appointed chair of the board of Fortune Brands Home & Security, Inc in January 2021 and had confirmed her intention to retire as... 

BHP releases climate action plan

By: Esmarie Iannucci     14th September 2021 Diversified miner BHP on Tuesday released its Climate Transition Action Plan, outlining the company’s updated approach to reducing greenhouse gas (GHG) emissions and managing climate risks across its global value chain. “The Climate Transition Action Plan outlines BHP’s role and actions in... 

An image of BHP's CEO Mike Henry
BHP CEO Mike Henry

ChromeSA says imposition of export tax would be high risk  

By: Martin Creamer     14th September 2021 The imposition of a tax on the export of chrome ore would be high risk and the gain from such an intervention would likely be eroded fairly quickly by the high cost of electricity, which is the real problem. Chrome SA’s Alistair McAdam and Paul Anderson of Genesis Analytics highlighted this... 

Creamer Media Screenshot taken of McAdam during zoom interview
ChromeSA representatives Alistair McAdam and Paul Anderson on chrome export tax. Video: Darlene Creamer.

Outlook for metals improves – Moody’s

By: Tasneem Bulbulia     13th September 2021 Credit rating business Moody's Investors Service’s outlook for the global metals and mining industry changed to stable from positive with high prices expected to fade out throughout 2022. In a new report covering iron-ore, steel, coal, aluminium, gold, silver, nickel, copper and zinc, Moody's... 

Surge in electric vehicle sales power lithium prices as shortages loom

By: Reuters     13th September 2021 Lithium prices have jumped to their highest in more than three years thanks to an upsurge in electric vehicle sales, depleting stocks of the battery material in top consumer China. Targets to cut carbon emissions from China to the United States cannot be met without the rechargeable lithium-ion... 

AngloGold signs definitive agreement to buy out Corvus

By: Marleny Arnoldi     13th September 2021 Global gold miner AngloGold Ashanti has entered into a definitive arrangement agreement to acquire the remaining 80.5% interest in TSX-listed Corvus Gold that it does not already own at C$4.10 a common share in cash. The transaction is valued at about $370-million and implies a total equity... 

An image of exploration activities in Nevada.

DRDGold nears completion of project to achieve better recoveries at FWGR 

By: Marleny Arnoldi     13th September 2021 NYSE- and JSE-listed DRDGold says a project to convert the Driefontein 2 Plant (DP2) at the Far West Gold Recoveries (FWGR) surface retreatment operation, in Gauteng, to closed-circuit milling, is nearing completion. The R80-million project will achieve a finer grind and, thereby, improve gold... 

Aluminum powers toward $3 000 as supply snarl supercharges rally

By: Bloomberg     13th September 2021 Aluminum powered toward $3 000 a ton amid expectations that supply disruptions are here to stay, while demand keeps rising. The metal notched yet another 13-year high on Monday after rising 15% over the last three weeks. Chinese output is down amid drives to reduce emissions and conserve power,... 

An image of rolls of aluminium.

Horizonte secures export credit agency approval for Araguaia

By: Creamer Media Reporter      13th September 2021 Brazil-focused nickel company Horizonte Minerals has received formal credit and board approval from two export credit agencies (ECAs) for $146.2-million of the senior secured project financing facility to part fund construction of its Araguaia ferro-nickel project. The ECAs are Denmark’s AKF and... 

An image of a trial project at Araguaia in Brazil.

Brazil's Vale to pay back $150m to power regulator

By: Reuters     13th September 2021 Brazilian miner Vale will pay back power regulator Aneel roughly 781-million reais ($150.26-million) related to the Risoleta Neves hydroelectric power plant, a securities filing showed late on Thursday. Vale continued to be paid for the operation of the Risoleta Neves hydroelectric plant even... 

Colombia not liable to pay $736m to miner Eco Oro - govt

By: Reuters     13th September 2021 Colombia's government said on Friday a World Bank tribunal has ruled it is currently not liable to pay $736-million in damages to Eco Oro Minerals after the Canadian mining company alleged that the Andean nation's prohibition on mining in high-altitude wetlands constituted an indirect... 

National collaboration essential to win share of green hydrogen market, say debaters  

By: Martin Creamer     13th September 2021 South Africa’s early mover advantage in green hydrogen would fade and become ineffective over time without a collaborative, collective and holistic national approach that assures the export of green hydrogen over and above its domestic use. That was the strong message that came across in the... 

Screenshot taken by Creamer Media during debate on green hydrogen.
Hydrogen Economy Discussion covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Strike threat lifted at BHP's Cerro Colorado mine after contract deal

By: Reuters     13th September 2021 A union at Chile's Cerro Colorado copper mine in Chile has struck a collective contract deal with mine operators BHP after five days of government-led mediation, the company said on Saturday in a statement. The agreement with Union No. 1 would be valid for 36 months and includes a series of... 

Broadening ESG has provided clear paths to economic benefit – Sibanye-Stillwater  

By: Martin Creamer     10th September 2021 Sustainability is not a function of compliance but rather a strategic imperative to change the role that mining plays in society and in economies, says Sibanye-Stillwater senior vice-president and head of sustainability Loyiso Ndlovu. “We do this by sticking to the knitting in being miners, and... 

Sibanye Investor Day 2021
Sibanye-Stillwater Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

World Gold Council members on board for TCFD reporting  

By: Marleny Arnoldi     10th September 2021 The World Gold Council (WGC) has announced that all 33 gold miners it represents globally have committed to reporting their positions and progress on climate-related risks, in line with the Task Force on Climate-Related Financial Disclosures (TCFD). The TCFD recommendations and reporting... 

Angola’s modest oil output goal reveals a truth on global supply

By: Bloomberg     10th September 2021 Want proof of how hard it is for some oil-producing countries to lift supply? Look no further than the west African nation of Angola. State Secretary for Petroleum and Gas Jose Barroso said Thursday that the country aims to keep production above 1.1-million barrels a day in the coming years. 

Bell Equipment to launch self-driving truck in 2022 

By: Irma Venter     10th September 2021 Bell Equipment will launch its first autonomous articulated dump truck (ADT) on the global market next year, says Bell Equipment CEO Leon Goosen. The truck will also be available in South Africa. 

Image of Bell ADT trucks
The Bell ADT

Lundin CEO Inkster to step down

By: Creamer Media Reporter      10th September 2021 Base metals producer Lundin Mining on Thursday announced that CEO Marie Inkster would leave the company at the end of the year for personal reasons and that Peter Rockandel had been selected as her successor. Inkster joined Lundin in 2008 and served as CFO for ten years before being appointed... 

Iron-ore set for second weekly loss on China demand collapse

By: Reuters     10th September 2021 Iron-ore futures in top steel producer China dropped on Friday to head for a second consecutive weekly loss, with the benchmark Dalian price hovering near its lowest in seven months on fears of more steel production curbs. The most-traded January iron-ore on the Dalian Commodity Exchange ended... 

Palladium plunges to 12-month low on automaker-demand concerns

By: Bloomberg     10th September 2021 Spot palladium dropped to the lowest in more than a year, extending a slump in the metal amid concern over demand from automakers and prospects for substitution after a price-run-up earlier this year. Palladium, which reached a record high earlier in May, fell for a fourth straight day to the... 

Ganfeng Lithium outbid in battle for M&A target Millennial

By: Reuters     10th September 2021 Ganfeng Lithium's deal to acquire Argentina-focused Millennial Lithium is under threat after Millennial received a rival takeover offer from a battery maker it thinks is superior to its earlier agreement with the Chinese company. Ganfeng, one of the world's biggest producers of lithium chemicals... 

An image of a lithium brine project.

Vale’s red-tape headache is boon for sagging iron-ore market

By: Bloomberg     10th September 2021 Brazilian red tape may keep the global iron-ore market tighter than expected after Vale lowered its forecast for production capacity because of sluggish permitting. While capacity isn’t the same as actual production, the slower-than-expected expansion will give Vale less scope to increase supply... 

Vale’s red-tape headache is boon for sagging iron-ore market

Gold finishes August slightly lower than last, marginal ETF weakness

By: Simone Liedtke     9th September 2021 Despite a small-hours flash crash, gold finished August only slightly lower month-on-month, down 0.6% in dollars, on firmer interest rates and marginal exchange-traded fund (ETF) weakness, the World Gold Council (WGC) reports. This is despite growing Covid-related concerns, particularly in... 

Vale sees expenses with Brumadinho disaster at $2.7bn to $3.2bn in 2021

By: Reuters     9th September 2021 Brazil's miner Vale updated on Thursday its expenses outlook for 2021, saying it expects disbursements related to the Brumadinho dam disaster to reach $2.7-billion to $3.2-billion this year. According to a securities filing, Vale also sees its financial expenses in 2021 at $0.8-billion to... 

World nuclear energy use to grow over next 20 years, requiring increased uranium mining

By: Rebecca Campbell     9th September 2021 The World Nuclear Association (WNA) has forecast that worldwide nuclear energy generation capacity will grow by 2.6% a year over the next 20 years. The prediction is contained in the WNA publication The Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2021-2040, which was... 

An image of drill rigs exploring for uranium
Uranium mining and production at Katko, in Kazakhstan.
1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Latest News: Africa and Europe

Latest News: Australasia

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
Free daily email newsletter Register Now
Register Close