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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... →

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... →

Spanish Parliament rejects motion to make mining approvals more difficult

By: Darren Parker 1st July 2022 The Spanish Parliament has rejected a motion by democratic socialist electoral alliance Unidas Podemos that would have made it more difficult to secure approvals for new mining projects and would have also increased taxes on existing mineral producers. On June 23, the motion was outvoted by an... →

Energy export, Pan African, Orion make headlines

1st July 2022 Mining Weekly Editor Martin Creamer South Africa's potential to be an energy exporter; Pan African's definitive feasibility study on Mogale Gold’s tailing storage facilities; and Orion’s capital raise for its copper and zinc mine, Prieska. →

Bauba subsidiary Nuco Chrome granted eight-year mining right

By: Donna Slater 30th June 2022 Platinum and chrome miner Bauba Resources reports that its 74%-owned exploration company Nuco Chrome business has been granted a mining right, which is valid for eight years. The mining right – notarially executed on June 23 – came into effect on June 3, and will end on June 2, 2030. →

Cyprium to raise A$26m for copper projects

By: Tasneem Bulbulia 30th June 2022 ASX-listed Cyprium Metals has announced a capital raising via a placement and a pro rata non‐renounceable rights issue to raise up to A$26-million before costs. The company has received firm commitments in respect of a placement to issue about 139.1-million new shares at 11.5 c each to raise... →

Sandfire’s updated MRE sets strong foundation at MATSA

By: Tasneem Bulbulia 30th June 2022 ASX-listed Sandfire Resources has reported an updated measured, indicated and inferred mineral resource estimate (MRE) for the MATSA mining operations, in Spain, totalling 147.2-million tonnes, containing an estimated 2.1-million tonnes of copper, 4.4-million tonnes of zinc, 1.5-million tonnes of... →

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... →

Asarel-Medet JSC first mining company awarded for its contribution to sustainable development

30th June 2022 Dimitar Tsotsorkov, chairperson of the supervisory board of Bulgarian copper mining and processing company Asarel-Medet, is among the ten business leaders awarded as pioneers in the United Nations Sustainable Development Goals (SDGs) this year. He reached the final round of the global competition... →

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... →

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