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Teck joins rivals with stake in startup tapping copper from waste rock

By: Bloomberg     26th January 2022 Canadian miner Teck Resources bought a stake in a US startup that can extract copper out of waste rock, as concerns mount about shortages of one of the metals key to the energy transition. Teck joins BHP Group and Freeport-McMoRan as shareholders in Jetti Resources, which has developed... 

Perseus sets 2022 guidance at at least 471 000 oz

By: Marleny Arnoldi     25th January 2022 ASX-listed Perseus Mining’s financial position continues to strengthen, with the company reporting net cash of $162-million as at December 31. This follows the company returning $13-million of capital to shareholders, reducing debt by $50-million and investing $11-million in organic growth... 

South African pure copper play to list in the first half of 2022 

By: Darren Parker     25th January 2022 Premium grade copper producer Big Tree Copper plans to list on the JSE and/or the Cape Town Stock Exchange (CTSE) in the first half of 2022 as it marches towards full production. The company’s business centres on recycling previously dumped mining waste through above ground processing at the... 

McKinsey pegs the price tag of a livable climate at $9.2tr a year

By: Bloomberg     25th January 2022 A new analysis from McKinsey & Co. estimates that the investment, in new infrastructure and systems, needed to meet international climate goals could be $9.2-trillion a year through 2050. That’s at least $3.5-trillion more a year than the world is currently laying out for both low-carbon and... 

Fortescue sets record half

By: Esmarie Iannucci     25th January 2022 Iron-ore major Fortescue Metals has reported record iron-ore shipments in the half-year ended December, with shipments reaching 93.1-million tonnes in the half year, up 3% on the previous corresponding period. Fortescue on Tuesday reported that iron-ore shipments in the three months to December... 

Vedanta appoints Black Mountain mine GM

By: Donna Slater     24th January 2022 Zinc producer Vedanta Zinc International (VZI) has appointed Xolani Qamata Black Mountain mine (BMM) GM, effective January 3. In this role at the Aggeneys, Northern Cape-based operation, he will report to VZI business head Laxman Shekhawat.  

Endeavour achieves record output of 1.53 Moz

By: Marleny Arnoldi     24th January 2022 London-listed Endeavour Mining has exceeded its production guidance for the 2021 financial year and set a new output record at 1.53-million ounces. The company also comfortably met its all-in sustaining cost (AISC) guidance at $880/oz and has adjusted its expectation for AISC for this year to... 

Sibanye backs out of Brazilian base metal mines acquisition 

By: Marleny Arnoldi     24th January 2022 JSE- and NYSE-listed Sibanye-Stillwater has decided to terminate its acquisition of the Santa Rita nickel and Serrote copper mines, both in Brazil, from Appian Capital for $1-billion and a 5% net smelter royalty over future production. Sibanye intended to acquire operating companies Atlantic... 

Regis adjusts guidance for full year

By: Esmarie Iannucci     24th January 2022 Gold miner Regis Resources has amended its full-year production guidance for its Duketon operations, in Western Australia, to between 300 000 oz to 340 000 oz, down from the previous estimate of between 340 000 oz to 380 000 oz, following a wall slip at the Rosemont main pit. Group production... 

South32 warns of global Covid impacts

By: Esmarie Iannucci     24th January 2022 Despite a strong December quarter, diversified miner South32 on Monday warned shareholders that labour shortages and freight bottlenecks would impact global operations this year. “We achieved a number of strong production results across our portfolio and realised significantly higher commodity... 

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