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Albemarle improves FY guidance on strong lithium market

By: Mariaan Webb     24th May 2022 Speciality chemicals group Albemarle on Monday announced an improved full-year 2022 guidance following additional lithium contract renegotiations to more index-referenced, variable-priced contracts. “Implementation of these contracts is a key driver of the expected year-over-year improvement in... 

Akobo confident its Segele mine will generate $50m in free cash flow in two years

By: Marleny Arnoldi     23rd May 2022 Ethiopia-focused gold miner Akobo Minerals has declared an inaugural cash flow estimate for the Segele mine of $42-million in 2023 and $15.1-million in 2024. The mine is on track to start producing gold early in 2023.  

Don’t Digitise Your Rubbish: Integrate, Simplify, and Systematise Your Operations – Andy Sherring  

23rd May 2022 The mining industry has a problem. It has worthy aspirations for high technology, digitisation, and a progressive performance culture, but it lacks the necessary operating platform to support and enable this. Despite its many successes in a tough working environment, the industry is experiencing... 

Barloworld posts solid interim HEPS, but lower BEPS amid Eurasian headwinds

By: Marleny Arnoldi     23rd May 2022 Diversified group Barloworld has delivered a noteworthy increase in group operating profit of 34.7% year-on-year to R2.8-billion for the first six months ended March 31, despite starting to feel the pinch from Eurasian volatilities. The industrial brand-owner plans on paying a 165c apiece... 

Two employees of mining contractor Barminco killed in accident at Khoemacau

By: Darren Parker     23rd May 2022 Two employees of Australian mining contractor Barminco died in an underground incident at copper miner Khoemacau Copper Mining’s operations, in Botswana, on May 20. On May 21, Khoemacau said investigations into the cause of the accident were ongoing. 

Sayona's PFS for NAL proves up

By: Esmarie Iannucci     23rd May 2022 A prefeasibility study (PFS) into the North American Lithium (NAL) operations, in Quebec, has confirmed the viability of a 1.5-million tonne a year operation, delivering 4.4-million tonnes of spodumene concentrate over a mine life of 27 years. ASX-listed Sayona Mining on Monday told shareholders... 

Snow Lake Lithium calls for comprehensive EV ecosystem across North America

By: Creamer Media Reporter      20th May 2022 Canadian lithium producer Snow Lake Lithium has outlined the need to create a comprehensive electric vehicle (EV) ecosystem across North America to protect the future of the region's domestic automotive industry. With more than ten-million vehicles sold in the US last year, the automotive... 

Gordhan reports yet another sabotage incident at Hendrina power station 

By: Terence Creamer     20th May 2022 A day after Eskom confirmed incidents of sabotage at its Tutuka power station, Public Enterprises Minister Pravin Gordhan alleged that another incident of sabotage had taken place at the Hendrina power station. The Hendrina incident raises to six the number of incidents of suspected sabotage that... 

Finnish Industry ready for end of Russian natural gas imports

By: Bloomberg     20th May 2022 As Finland braces for an expected halt in natural gas flows from its top supplier Russia, some of the largest industrial users are getting ready. There’s a “real risk” the taps will be turned off as soon as Friday, according to estimates by importer Gasum Oy, which has refused to pay in rubles.... 

Arconic to Sell Russian operations, take $500m charge

By: Bloomberg     20th May 2022 Arconic Corp said it will sell its Russian operations, joining the exodus of US companies after the invasion of Ukraine made doing business in the region “untenable.” The Pittsburgh-based aluminum-sheet manufacturer expects to record a charge of as much as $500-million related to the move.... 

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