R/€ = 17.61 Change: -0.01
R/$ = 17.64 Change: -0.01
Au 1725.28 $/oz Change: 17.66
Pt 933.35 $/oz Change: 19.35

South America News

New Equinox mine in Brazil reaches commercial milestone

By: Mariaan Webb     Updated 4 hours ago Canadian miner Equinox Gold has achieved commercial production at its Santa Luz mine, in Brazil. “Santa Luz is our fourth operating mine in Brazil and represents 100,000 ounces of average annual production with mine life extension potential from near-mine surface targets, an underground deposit,... 

Union at Antofagasta's Los Pelambres mine expects labour deal to avoid strike

By: Reuters     Updated 4 hours ago Supervisors at Antofagasta Minerals' Los Pelambres copper mine in Chile expect to reach a new contract agreement in a mandatory mediation process with the company, which is set to begin later this week to avoid a strike at the site, a union head said on Tuesday. Last week, 94% of union members... 

Desalination plant delay to hit Los Pelambres 2023 production

By: Mariaan Webb     4th October 2022 London-listed Antofagasta will lower its 2023 production guidance when it reports its third-quarter results later this month, following a delay in the completion of the desalination plant project, which is key to water availability at the Los Pelambres mine in Chile. Marine construction work on... 

Desalination plant delay to hit Los Pelambres 2023 production

Investment required to meet mining’s decarbonisation, power challenges – PwC  

By: Martin Creamer     4th October 2022 South Africa’s mining sector will be required to make major investments into alternative and renewable energy sources and energy planning to address the dual challenges of decarbonisation and reliable power supply, PwC said on Tuesday when it launched its SA Mine report, which highlights mining’s... 

Less than 5% of energy consumed by South African mining in 2020 sourced from renewables.
PwC’s SA Mine 2022 covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

BHP banking on ongoing demand for steel

By: Esmarie Iannucci     4th October 2022 Diversified miner BHP has made the case that steel, and in effect iron-ore, should also be classified as a critical mineral given it was essential for the decarbonation of power. Speaking at an investor day, BHP’s VP for market analysis and economics, Dr Huw McKay noted that power generation... 

Brazil Potash seals agreements with soyabean producer Amaggi

By: Creamer Media Reporter      4th October 2022 Potash development company Brazil Potash has signed several agreements with Amaggi, one of the world’s biggest privately held soyabean producers, for the offtake, marketing and barge transportation of its production from the Phase 1 Autazes mine. The contracts are for 2.4-million tonnes a year... 

Brazil Potash seals agreements with soyabean producer Amaggi

EV demand sparks revival of US manganese mining after decades

By: Bloomberg     3rd October 2022 South32 aims to accelerate development of the first new US manganese mine for decades as carmakers rush to secure supply of the metal needed in electric vehicle batteries. Automakers are “super keen” to secure supply from the company’s Clark Deposit in Arizona, which would become the only local... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

More platinum-based green hydrogen generation on the way 

By: Martin Creamer     3rd October 2022 Up to 1 350 t of green hydrogen can now be generated a year from renewable solar and wind power in the Wunsiedel Energy Park, in Germany. “This is another example of platinum-based production of green hydrogen in Europe that will assist both the replacement of imported natural gas and the earlier... 

Demand for platinum-based green hydrogen generation growing.
Demand for platinum-based green hydrogen generation growing.

Great Panther shifts leadership deck

By: Creamer Media Reporter      3rd October 2022 Precious metals miner Great Panther has announced board and management changes as part of its ongoing strategic initiative to reposition the company. Three of its directors, Elise Rees, Kevin Ross and Dana Williams, have each resigned from the board, with effect from September 30. 

Copper mining has a new champion in veteran Peruvian economist

By: Bloomberg     3rd October 2022 Put the cautious optimism on display at Peru’s top mining event down to three main factors: easing pandemic restrictions, copper’s bright longer term outlook and a diminutive sexagenarian economist. An estimated 50 000 people are doing the rounds at the Perumin show this week in Arequipa, a... 

Peru proposes 'new approach' to mining to combat economic disparities, conflicts

By: Reuters     3rd October 2022 Peru's government proposed on Friday "a new approach" for mining companies to end social gaps and avoid conflicts in the sector, a measure taken after several conflicts in the country in recent months. Prime Minister Anibal Torres said during a conference between executives of large mining firms... 

Global Tailings Summit in January will seek to address global tailings safety 

By: Darren Parker     30th September 2022 Following the September 11 collapse of the Jagersfontein tailings dam, in the Free State, in South Africa, mining company CEOs, government Ministers from major mining nations and other key stakeholders have been invited by institutional investors to a Global Tailings Summit to be held in London,... 


Ero makes significant nickel sulphide discovery in Brazil

By: Creamer Media Reporter      30th September 2022 Vancouver-headquartered Ero Copper on Thursday announced a significant regional nickel-sulphide discovery in the Curaçá Valley of Brazil. The newly discovered system, known as Umburana, has an initial strike length of 5 km and remains open in all directions. 

Vale announces reorganization of Brazil base metals business

By: Reuters     30th September 2022 Brazilian miner Vale on Thursday announced a reorganization of its base metals business in Brazil, saying it will transfer its copper assets in the country to Salobo Metais and its nickel assets to a new venture it will form. Vale will continue to fully own the assets and said the move comes as... 

ESG risks and geopolitics ranked top risks for mining companies – survey

By: Creamer Media Reporter      29th September 2022 Global mining and metals executives rank environment, social and governance (ESG), geopolitics and climate change as the top three risks facing their business over the next 12 months, a survey by consultancy EY has found. “We have witnessed huge upheaval and change over the last year, namely due... 

Sierra reaches agreement with communities blocking Yauricocha road

By: Mariaan Webb     29th September 2022 Toronto-listed Sierra Metals has reached an agreement with residents from the town of Alis, following the blockade of the main access road to the Yauricocha mine, in Peru, the company reported on Wednesday. The company is undertaking safety inspections and reviews to support the progressive... 

Top miners teaming up in bid to wean themselves off dirty trucks

By: Bloomberg     29th September 2022 Members of the International Council on Mining and Metals are planning a joint effort to test hydrogen and other zero-emission technologies in a bid to shift away from diesel-fueled vehicles. Members, which include producers BHP Group and Glencore, are pitching sites to pilot technologies... 

Top miners teaming up in bid to wean themselves off dirty trucks

Peru targets local lithium battery production, official says

By: Reuters     29th September 2022  Peru wants to produce lithium batteries domestically, a government official said on Wednesday, joining other Latin American nations with lofty ambitions to industrialize their resources of the ultralight metal needed to power electric vehicles. "We are already starting to act to see if we can... 

[Corrected] Teck may raise value of Zafranal project in Peru to more than $1bn

By: Reuters     29th September 2022 Canada's Teck Resources is considering revising the value of its Zafranal copper project in Peru to more than $1-billion from $552-million, one of its executives said Wednesday. The initial value of the project was set in 2019, when copper prices were below their current levels, the general... 

An image of a project site surrounded by mountains
Photo by Teck Resources
The Zafranal proejct in Peru

Minerals Council ‘absolutely adamant’ about need for commercially available cadastre  

By: Martin Creamer     29th September 2022 The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include... 

Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell.
Grant Mitchell: Minerals Councll Junior and Emerging Miners Desk webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

PTM appoints Blair permanent CFO

By: Marleny Arnoldi     28th September 2022 TSX-listed Platinum Group Metals (PTM) has permanently appointed Greg Blair CFO, effective September 27. He has served as interim CFO since July 2021.  

Each Anglo Platinum employee to receive R8 000 worth of shares a year 

By: Martin Creamer     28th September 2022 Platinum group metals (PGMs) mining and marketing company Anglo American Platinum has launched a new employee share ownership plan (Esop), which it envisages will be implemented in the fourth quarter of this year. The Esop involves employees receiving Anglo Platinum listed shares to the value of... 

Anglo American Platinum Executive Head Human Resources Virginia Tyobeka.
Anglo American Platinum Executive Head Human Resources Virginia Tyobeka.

Metals for cleaner future being turned to account in minerals-endowed Northern Cape 

By: Martin Creamer     28th September 2022 South Africa’s critical minerals potential is being highlighted in an increasingly promising manner by Orion Minerals, the Sydney- and Johannesburg-listed company that is showing the way in the minerals-endowed Northern Cape. Orion, headed by its Boksburg-born CEO Errol Smart, is poised to bestow... 

Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.
Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.

BHP sees Chile uncertainties easing in investment climate boost

By: Bloomberg     28th September 2022 Chilean regulatory uncertainties that have held up some investments in the biggest copper-producing nation are dissipating, according to top mining company BHP Group. In a referendum earlier this month, Chileans overwhelmingly rejected a proposed new constitution, while authorities are showing... 

Rio warns miners not moving fast enough on lithium extraction

By: Bloomberg     28th September 2022 Planned lithium production will fail to meet growth in demand for lithium ion batteries that are needed to meet global climate goals, according to Rio Tinto ’s minerals chief. Lithium consumption needed “to surge way above anything that’s planned to be mined,” Sinead Kaufman told a conference in... 

Rio warns miners not moving fast enough on lithium extraction

BHP wants to expand presence in Peru, says executive

By: Reuters     28th September 2022 Global miner BHP wants to expand its presence in Peru through exploration of new projects, Rag Udd, who heads the company in the Americas, said on Tuesday at the Perumin mining conference. Peru is the world's No. 2 copper producer and BHP is a part-owner of one of its largest copper mines,... 

Revised Colombia tax bill still puts mining investment at risk - industry group

By: Reuters     28th September 2022 A tax reform proposed by Colombia's leftist government will put mining investment and production at risk, despite modifications to the bill announced this week, the head of the country's mining association said on Tuesday. Colombia's new leftist President Gustavo Petro has said he wants to raise... 

Green hydrogen, fuel cells important part of any future energy system, says global strategist  

By: Martin Creamer     27th September 2022 Green hydrogen and fuel cells will be a very important part of any future energy system, says Switzerland-based energy and sustainability consultancy strategist Dr David Hart. Among the electrolysers that convert renewable electricity into green hydrogen are proton exchange membrane (PEM)... 

Dr David Hart, E4tech.
E4tech’s Dr David Hart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Argentine State-run miners launch first-time lithium project

By: Reuters     27th September 2022 Units of Argentina's state oil firm YPF will next month begin lithium exploration in a first-ever entry into the sector by state-run miners as the government aims to benefit from surging demand for the battery metal, according to a statement on Monday. Lithium prices have soared past $70 000/t... 

Argentine State-run miners launch first-time lithium project

Colombia gov't agrees to ease tax changes to oil, mining

By: Reuters     27th September 2022 Colombia's government agreed on Monday to modify a tax reform proposal under debate in congress and continue to allow oil and mining companies to deduct royalty payments from their taxes in the wake of a wave of industry criticism. The government has agreed to back continued royalty deductions... 

Grim demand outlook pushes copper prices to 2-month low

By: Reuters     26th September 2022 Copper prices dropped to two-month lows on Monday as fears of a global growth slowdown, weaker demand, a higher dollar and climbing stocks in London Metal Exchange (LME) registered warehouses sparked a sell-off. Benchmark copper CMCU3 on the LME was down 0.8% at $7 375 a tonne at 09:45 GMT. 

Brazil approves Araguaia as strategic project – Horizonte

By: Mariaan Webb     26th September 2022 The Brazilian government has approved the Araguaia nickel project as a strategic minerals project, dual-listed Horizonte Minerals reported on Monday. The approval would ensure that the various government agencies engaged in the construction and operation of the mine would treat Araguaia as a... 

Anglo to begin copper shipments from Quellaveco, tweaks guidance

By: Mariaan Webb     26th September 2022 Diversified major Anglo American on Monday announced the start of commercial operations at its 300 000 t/y copper-equivalent Quellaveco project, in Peru, following the successful testing of operations and final regulatory clearance. The new mine would lift Anglo’s total global output by 10% in... 

An image of Anglo American CEO Duncan Wanblad
Anglo American CEO Duncan Wanblad says the delivery of a major new world-class copper mine is testament to the efforts of Anglo American's workforce in Peru.

South Africans urged to turn exploration into Big Hairy Audacious Goal  

By: Martin Creamer     24th September 2022 South Africans have been urged to rally around exploration as this country's Big Hairy Audacious Goal – a BHAG – so that what is described as "our lowest hanging economic fruit" can be turned to positive account. Council for Geoscience CEO Mosa Mabuza, who was speaking in support of the junior... 

Council of Geoscience CEO Mosa Mabuza.
Council for Geoscience CEO Mosa Mabuza, covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

New fund-raising product appropriate for junior miners, says JSE  

By: Martin Creamer     23rd September 2022 The JSE has a new product that is appropriate for fund-raising by junior mining companies, JSE origination and deals head Sam Mokorosi said on Friday. Mokorosi, who was speaking at Minerals Council South Africa’s Junior and Emerging Miners Desk webinar, highlighted the new product against the... 

JSE origination and deals head Sam Mokorosi.
Minerals Council South Africa’s Junior Miner Webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore buys Newmont’s stake in Argentina copper/gold project

By: Mariaan Webb     23rd September 2022 Diversified mining company and commodity trader Glencore on Friday announced that it would buy gold miner Newmont’s 18.75% shareholding in the MARA project, in Argentina. Following completion of the transaction, Glencore would own 43.75% of MARA, which is a brownfield project located in the... 

Glencore buys Newmont’s stake in Argentina copper/gold project

Green hydrogen at sea on world-first offshore demonstrator platform  

By: Martin Creamer     23rd September 2022 The world’s first offshore green hydrogen production demonstrator platform has been positioned offshore of France. “This is the first time that renewable hydrogen will be produced at sea,” French company Lhyfe stated in a release to Engineering News & Mining Weekly. (Also watch attached Creamer... 

Lhyfe producing green hydrogen at sea.
Green hydrogen at sea initiative. Lhyfe technical director Thomas Créach interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Copper prices averaging lower than expected this year, but major uptick looms

By: Marleny Arnoldi     23rd September 2022 Research agency Fitch Solutions Country Risk & Industry Research has revised downward its copper price forecast for this year to about $8 800/t, down from $9 470/t it anticipated previously. The agency says investor sentiment for copper has been weakening, as has demand for the base metal, in... 

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