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Many seeing platinum as hard asset, potential inflation hedge – WPIC  

By: Martin Creamer     24th January 2022 There are a lot more people looking at platinum as a hard asset and potential hedge against inflation, World Platinum Investment Council director of research Trevor Raymond said on Monday. Responding to Mining Weekly’s questions on what has been driving the platinum up over the last two weeks,... 

China lets in most of the Australian coal stranded at its ports

By: Bloomberg     24th January 2022 Most of the Australian coal used by steelmakers that was being held at Chinese ports in the wake of Beijing’s import ban has now been cleared, according to local research firm Fengkuang Coal Logistics, although there’s no sign that the halt on new shipments will be lifted. Customs data for the... 

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... 

Minergy edges closer to nameplate capacity at Botswana mine

By: Tasneem Bulbulia     21st January 2022 Botswana-based coal miner Minergy says in a voluntary update that is has made considerable progress toward reaching nameplate capacity of 125 000 t a month at its Masama coal mine during the six months to December 31. Among the milestones achieved during this period was producing the highest... 

Santos sets records as Oil Search merger pinacles

By: Esmarie Iannucci     20th January 2022 ASX-listed Santos has reported record annual production, record sales revenue and record free cash flows for the year ended December, on the back of a strong December quarter. Santos MD and CEO Kevin Gallagher said Santos delivered record annual production and sales revenue in 2021, as strong... 

Early copper/zinc production investigations under way at Orion’s Prieska  

By: Martin Creamer     20th January 2022 The executive team of Orion Minerals is re-evaluating the development schedule of the Prieska copper-zinc project to assess the potential for its fast-tracking. Also flagged is the opportunity to extract pillars left by historic mining. 

Centamin increases fourth-quarter underground, openpit production

By: Donna Slater     19th January 2022 Egypt-focused gold miner Centamin increased gold production at its Sukari mine by 58% year-on-year to 107 549 oz for the fourth quarter of 2021 as a result of mining higher-grade material from the openpit and underground operations. As for openpit mining, with a focus on the Stage 5 North and... 

Bushveld, Mustang deal hangs in the balance

By: Marleny Arnoldi     19th January 2022 Aim-listed Bushveld Minerals has revised agreement terms regarding Mustang Energy’s acquisition of a 22.1% interest in Bushveld’s indirect subsidiary Vanadium Redox Flow Battery Holdings (VRFB-H), including to extend the maturity date of the agreement to February 28. Bushveld CEO Fortune... 

Kingsgate readies for restart, looks for new buyer

By: Esmarie Iannucci     19th January 2022 The Thai government has awarded ASX-listed Kingsgate Consolidated the four outstanding mining leases required to operate the Chatree gold mine, signaling the imminent restart of the project. Kingsgate on Wednesday said that the three leases comprised three Chatree South leases and the Quartz... 

Kingston completes Mineral Hill buy

By: Esmarie Iannucci     18th January 2022 ASX-listed Kingston Resources has completed the acquisition of the Mineral Hill mine, in New South Wales, marking its transition into the ranks of Australian gold producers. The company in November last year struck an agreement with US-based Quintana MH Holding Company to acquire the mine for... 

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