R/€ = 17.03 Change: -0.09
R/$ = 16.63 Change: -0.01
Au 1797.11 $/oz Change: 19.86
Pt 939.00 $/oz Change: 4.50


Barrick’s Mali trebling solar as renewables stave off high energy prices at Kibali

By: Martin Creamer     Updated 5 hours ago The African regions are continuing to excel on all fronts for Barrick, the large gold-copper miner that is benefitting from a stand-out performance in Tanzania, is finding exploration in Mali and Senegal “a gift that keeps giving”, and is being received with open arms in Pakistan. Under the... 

Chile to 'sanction' those responsible for sinkhole near copper mine

By: Reuters     Updated 7 hours ago Chile will seek to apply harsh sanctions on those responsible for a huge sinkhole near a copper mine in the country's north, the mining minister said on Monday. The mysterious hole of 36.5 m in diameter that emerged in late July has provoked the mobilization of local authorities and led the... 

Australia’s coal shipments face a ‘deadline', Greens leader says

By: Bloomberg     Updated 7 hours ago Greens Party leader Adam Bandt has warned the Australian government needs to start moving away from coal exports to prop up its bottom line, saying net zero goals in major trade partners will cut into fossil fuel earnings. Bandt said three of Australia’s biggest export markets for thermal coal... 

Oz Minerals looks at ISR for copper recovery

By: Esmarie Iannucci     9th August 2022 Copper miner Oz Minerals will invest A$2.5-million over the next 18 months to support in-situ recovery (ISR) technology research at the EnviroCopper (ECL) Kapunda copper/gold project, in South Australia. The funding would go towards investigating the potential economic extraction of copper... 

Lithium projects in Africa increasing, but Americas will still dominate – Fitch Solutions

By: Tasneem Bulbulia     8th August 2022 Fitch Solutions Country Risk and Industry Research expects to see an increase in lithium development projects in Africa, particularly from Chinese firms, with investment buoyed by expectations for lithium to resist the downwards trend of most nonferrous metals in the second half of the year amid... 

Barrick takes lead in holistic ESG integration amid ‘greenwashing’ scepticism 

By: Martin Creamer     8th August 2022 Gold and copper mining company Barrick has taken the lead in integrating the various aspects of environmental, social and governance (ESG) to ensure holistic and objective measurement, Barrick CEO Dr Mark Bristow stated on Monday, when the New York- and Toronto-listed company reported strong... 

Xtra-Gold lifts cash to $5.7m in H1

By: Donna Slater     8th August 2022 In the first half of this year, TSX-listed Ghana-focussed gold explorer Xtra-Gold produced 1 098 oz of raw gold and sold 1 162 fine ounces at an average price of $1 928/oz, thereby increasing the company’s cash on hand (excluding restricted cash) to $5.7-million, from $4.7-million at the end of... 

Sumitomo Metal, Sumitomo hike Chile copper project cost estimate by 60%

By: Reuters     8th August 2022 Japan's Sumitomo Metal Mining and Sumitomo said on Monday they had raised their estimate of the construction cost for the Quebrada Blanca phase 2 (QB2) copper project in Chile to about $7.5-billion from $4.7-billion. The 60% increase comes as the Covid-19 pandemic has delayed construction which... 

The EV race is turning a gold rush haven into a battery hub

By: Bloomberg     8th August 2022 Gold has long dominated the Western Australian city of Kalgoorlie, born in a late 19th Century prospecting rush and home to one of the world’s largest-open pit mines, nestled right next to residential streets. Blasts to dislodge precious-metal laced rock from the more than two-mile long Super Pit... 

'Fire will be met with fire': Cops send special reinforcements to combat Krugersdorp illegal miners

By: News24Wire      8th August 2022 Police Minister Bheki Cele says reinforcements will be sent to West Village in Krugersdorp, Gauteng to help fight illegal miners accused of terrorising residents. On Sunday, Cele, Gauteng Premier David Makhura and senior police officers visited the area for a community imbizo. Residents claimed... 

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