https://www.engineeringnews.co.za
R/€ = 17.21 Change: 0.00
R/$ = 14.84 Change: 0.00
Au 1791.97 $/oz Change: -8.53
Pt 1032.00 $/oz Change: -22.00
 

Mining News

Lindi Jumbo project on track

By: Tasneem Bulbulia     26th October 2021 ASX-listed graphite developer Walkabout Resources says its mine construction schedule at the Lindi Jumbo graphite mine, in Tanzania, is on track. An engineering, procurement and construction (EPC) contract for the Lindi Jumbo graphite process plant has been concluded with Yantai Jinpeng Mining... 

Sylvania achieves record PGM performance at Tweefontein

By: Simone Liedtke     26th October 2021 Aim-listed Sylvania Platinum achieved a record platinum-group metal (PGM) production performance at its Tweefontein project, which contributed 2 209 oz towards the Sylvania Dump Operations (SDO) achieving 15 771 oz of platinum, palladium, rhodium and gold (4E) output in the first quarter of the... 

Colombia's shelving of environmental licence to delay AngloGold project

By: Reuters     26th October 2021 AngloGold Ashanti's Quebradona copper project in Colombia will be delayed by the shelving of an environmental permissioning process, a company spokesperson said on Tuesday. Colombia's environmental licensing authority announced the decision to shelve the request - rather than accept or reject it... 

Parties sign terms of reference to catalyse mining industry modernisation  

By: Donna Slater     26th October 2021 Representatives of the Mandela Mining Precinct (MMP) and five labour unions on October 26 signed an agreement on the terms of reference for the parties to collaborate on modernising the South African mining industry, resulting in the formation of the MMP – Organised Labour Consultative (OLC)... 

An image of members signing an agreement on the terms of reference for the parties to collaborate on modernising the South African mining industry
Mandela Mining Precinct and labour unions launch Organised Labour Consultative forum with terms of reference signing

Eskom’s R178bn grid plan points to ‘scary’ step change in expansionary capex 

By: Terence Creamer     26th October 2021 State-owned electricity utility Eskom has outlined a R178-billion grid investment plan for the coming ten years, which is premised on a dramatic acceleration of expansionary capital expenditure. The Transmission Development Plan (TDP) for the period 2022 to 2031 is largely geared towards... 

Eskom group executive for transmission Segomoco Scheppers
Photo by Creamer Media's Donna Slater
Eskom group executive for transmission Segomoco Scheppers

Botswana delivers first iron-ore exports to China

By: Reuters     26th October 2021 Botswana's first iron-ore mine, Ikongwe, has started production and delivered its maiden exports to China, a company official told Reuters on Tuesday, as the Southern African country makes headway in efforts to diversify its economy away from diamonds. Although diamond mining's contribution to... 

Platinum's atypical alkaline electrolyser role lowering hydrogen cost outlook 

By: Martin Creamer     26th October 2021 Platinum group metals (PGMs) are lifting the performance of an alkaline electrolyser, which is helping to lower the cost outlook of green hydrogen. PGMs have been incorporated in the catalytic coatings of the electrodes of the prototype Advanced Alkaline Electrolyser (AAE) alkaline electrolyser... 

Creamer Media screenshot of Hydrox electrolyser.
Photo by Creamer Media
Hydrox’s PGM-using alkaline electrolyser.

Provisional liquidator of Zambia's KCM denies theft, money laundering

By: Reuters     26th October 2021 The state-appointed provisional liquidator of Zambia's Konkola Copper Mines (KCM) on Tuesday appeared in court and denied charges of money laundering and the theft of 4.4-million Zambian kwacha ($257 450). Zambia's Drug Enforcement Commission, which also handles money-laundering cases, last month... 

New discovery affirms Brucejack's district-scale potential

By: Mariaan Webb     26th October 2021 Canadian miner Pretium Resources (Pretivm) has made a new high-grade gold exploration discovery at the Golden Marmot Zone of Brucejack, affirming the district-scale potential of its property in northern British Columbia. The gold mineralisation intersected at Golden Marmot occurred in the same... 

An image of the Brucejack mine

Sibanye-Stillwater pushes ‘green’ metals strategy with $1bn nickel/copper buy 

By: Mariaan Webb     26th October 2021 Precious metals major Sibanye-Stillwater on Tuesday announced its fourth transaction in the battery metals sector, with the $1-billion acquisition of the Santa Rita nickel mine and the Serrote copper mine, in Brazil, from private-equity fund Appian Capital Advisory. Santa Rita is a big... 

An image of a copper mine plant
The plant at the Serrote copper mine.

AIC raises cash for Eloise buy

By: Esmarie Iannucci     26th October 2021 ASX-listed AIC Mines has completed a A$40-million capital raise to fund the acquisition of the Eloise copper mine, in Queensland. AIC on Tuesday announced that it had issued some 160-million shares at a price of 25c each, and had welcomed a number of new institutional investors to its share... 

Petra records good first-quarter revenue growth

By: Chanel de Bruyn     26th October 2021 London-listed Petra Diamonds achieved good revenue growth of 48% year-on-year  to $114.9-million for the quarter ended September 30 – the first quarter of Petra's 2022 financial year. "The company has delivered a very strong revenue result due to the contribution of exceptional diamond sales,... 

A photo of Petra Diamonds' Finsch mine, in South Africa
The Finsch diamond mine

Hastings ticks another box for rare earths processing

By: Esmarie Iannucci     26th October 2021 The federal Department of Agriculture, Water and the Environment (DAWE) has finalised its environmental approval for the hydrometallurgical plant at rare earths miner Hastings Technology Metals’ Yangibana rare earths project, in Western Australia. DAWE has given Hastings approval to proceed with... 

Colombia environmental authority shelves AngloGold licensing request

By: Reuters     26th October 2021 Colombia's environmental licensing authority has shelved a permissioning process for AngloGold Ashanti's Quebradona copper project, the authority said on Monday. The decision was taken "following a technical, rigorous and comprehensive evaluation of the environmental impact study, of what was... 

Mining firms seek 'stability' for sector in new Chilean constitution

By: Reuters     26th October 2021 Mining companies operating in Chile will deliver a proposal document to the elected assembly drafting a new constitution for the world's largest copper producer, an industry association said on Monday, seeking stability for the sector. The National Mining Society (Sonami) said the proposal... 

Granny Venn pours first gold

By: Esmarie Iannucci     26th October 2021 First gold has been poured at the Granny Venn opencut mine, in Western Australia, just days after the start of a toll milling campaign. The first gold pour included a combination of gold recovered from elution and gravity circuits, ASX-listed Energy & Resources told shareholders. 

Copper tailings targeted in Qld cobalt hunt

By: Esmarie Iannucci     26th October 2021 The Queensland government, along with the University of Queensland and Japan Oil, Gas and Metals National Corporation (Jogmec) will jointly investigate if cobalt could be retrieved economically from old copper mine tailings in the state. “This research could help unlock the state’s potential as... 

Bowen executes Bluff buy

By: Esmarie Iannucci     26th October 2021 ASX-listed Bowen Coking Coal has struck a deal with fellow listed mining contractor MACA to acquire the Bluff PCI coal mine, in Queensland. Bowen Coking Coal was awarded preferred bidder status in July this year for the sale process of the Bluff mine by the receivers and managers of MACA. 

Pilbara finalises downstream JV with POSCO

By: Esmarie Iannucci     26th October 2021 Lithium miner Pilbara Minerals has finalised its joint venture (JV) with Korean major POSCO for the development of a downstream lithium chemicals facility in South Korea. Under the terms of the agreement, the two companies would jointly construct and operate a 43 000 t/y lithium hydroxide... 

Construction starts at Finniss

By: Esmarie Iannucci     26th October 2021 Construction of the Finniss lithium project, in the Northern Territory, has started. ASX-listed Core Lithium on Tuesday reported that site construction and establishment works are now underway following heritage and vegetation management, while road access works, site establishment and... 

Australia sets 2050 net-zero targets

By: Esmarie Iannucci     26th October 2021 Australian Prime Minister Scott Morrison on Tuesday set a net zero emissions target for 2050 ahead of the COP26, releasing Australia’s Long Term Emissions Reduction Plan. The technology-driven plan sets out a credible pathway to net zero by 2050, while preserving our existing industries,... 

Image shows Australian PM Scott Morrison
Photo by Bloomberg
Australia PM Scott Morrison

Akobo paves way for investors in Ethiopia to hold, repatriate foreign currency from offshore accounts

By: Simone Liedtke     25th October 2021 Norway-based gold explorer Akobo Minerals paves the way for a resurgent Ethiopian mining industry by clearing a major hurdle for investors to be granted the right to hold and repatriate foreign currency from offshore accounts. Last month, Akobo and the Ministry of Mines entered into an agreement... 

RBPlat produces 127 000 oz of PGMs in third quarter

By: Simone Liedtke     25th October 2021 Notwithstanding the ongoing impact of the Covid-19 pandemic, platinum group metals (PGMs) miner Royal Bafokeng Platinum (RBPlat) produced 127 000 oz of platinum, palladium, rhodium and gold (4E) for the quarter ended September 30. This progress was underpinned by an improved Styldrift... 

B2Gold sells Burkina Faso projects to West African

By: Creamer Media Reporter      25th October 2021 Canadian bullion miner B2Gold will sell its Kiaka project, in Burkina Faso, to Australia-listed West Africa Resources (WAF) for cash and shares, the company announced on Monday. B2Gold would sell 100% of Volta Resources, the holder of an 81% interest in the Kiaka gold project, for $450 000 in... 

Diesel and load-shedding feature in summer outlook as Eskom's maintenance recovery takes longer than envisaged  

By: Terence Creamer     25th October 2021 State-owned electricity utility Eskom says its reliability maintenance recovery (RMR) interventions have not yet succeeded in stabilising the performance of its unpredictable coal fleet and that more than year of ongoing maintenance is needed to address the poor performance of its generation... 

From left to right: Jan Oberholzer, Segomoco Scheppers, Phillip Dukashe and Monde Bala at the Eskom State of the System briefing. CEO Andre de Ruyter was not present as he was travelling to the COP26 climate talks
Eskom's Segomoco Scheppers, Jan Oberholzer and Phillip Dukashe on the outlook for the system this summer and the status of the reliability maintenance recovery programme. Camera Work: Kutlwano Matlala. Editing: Nicholas Boyd. 25.10.2021

Baita Plai production increase delayed

By: Mariaan Webb     25th October 2021 UK-headquartered Vast Resources has pushed back the start date of planned higher production volumes at its Baita Plai mechanised mine, in Romania, citing labour constraints, geotechnical challenges and supply chain issues. The company said that the fundamentals of the mechanised mine plan... 

Kefi ready to restart Tulu Kapi project after security incident

By: Simone Liedtke     25th October 2021 Gold and copper explorer and developer Kefi Gold and Copper has reached a positive resolution to the recent security situation at the company's Tulu Kapi gold project, in Ethiopia. The resolution follows security issues that arose during September, which led security authorities to request a... 

Botswana Diamonds to raise £550 000

By: Tasneem Bulbulia     25th October 2021 Aim-listed Botswana Diamonds has undertaken a company-arranged placing with existing and new investors to raise £550 000 through the issue of 55-million new ordinary shares at a placing price of 1p a share. The funds will be used for exploration activities during the current year in Botswana and... 

Weekly SA coal report

25th October 2021 Coal prices came down to earth in a sustained sell-off last week, as the market tried to find a level amidst falling global natgas prices and Chinese domestic coal prices. Demand destruction, price caps and forced shutdowns of some parts of Chinese industry have helped reign in runaway makets.... 

An image of a table containing the latest spot coal prices

Kore Potash advances optimisation study, financing for Kore project

By: Marleny Arnoldi     25th October 2021 London-listed Kore Potash says work on an optimisation study and financing arrangements for the Kola project, in Congo-Brazzaville, is progressing on schedule. The optimisation study remains on track for completion in the first quarter of next year, with an interim report on the study due... 

Gold hovers near key $1 800 level as softer dollar lifts appeal

By: Reuters     25th October 2021 Gold prices held firm on Monday near the key level of $1 800 as a drop in the US dollar bolstered bullion's safe-haven appeal, while investors cautiously eyed the next Federal Reserve meet for guidance on its monetary policy. Spot gold was up 0.6% at $1 803.06/oz, as of 08:58 GMT. US gold... 

An image of gold bars and coins.

AngloGold announces $307m take-up of notes offer

By: Marleny Arnoldi     25th October 2021 JSE-listed AngloGold Ashanti has announced a $307-million take-up of a total of $750-million notes the company put on offer earlier this month. The company announced on October 18 an offer to buy any and all of its outstanding 5.125% notes due in August 2022.  

DRDGold delivers good start to the 2022 financial year

By: Marleny Arnoldi     25th October 2021 JSE-listed surface miner DRDGold has noted a 7% quarter-on-quarter improvement in gold production to 46 587 oz for the three months ended September 30 – the first quarter of its 2022 financial year. The increase in output is mainly attributable to an 8% increase in yield to 0.195 g/t gold,... 

Canadian junior signs final agreements for Sudan gold mine

By: Mariaan Webb     25th October 2021 Canadian junior Orca Gold is ready to proceed with the formal construction of a large commercial gold mine at Block 14, in northern Sudan, having last week signed all remaining development agreements with the government. Company president and CEO Richard Clark in a statement on Friday described... 

An image of an aircraft landing at an airstrip in Sudan
The newly completed airstrip at Block 14 cuts travel time from Khartoum and increases safety protocols for the operation.

Sibanye-Stillwater in talks to buy Brazil nickel and copper assets 

By: Mariaan Webb     25th October 2021 Precious metals miner Sibanye-Stillwater is in talks to buy nickel and copper assets in Brazil, as it looks to step up supplies of raw materials that are key to the transition to low-carbon energy sources. The South Africa-based miner on Monday confirmed that it was in negotiations with... 

An image of the Santa Rita openpit
The Santa Rita operation, in Brazil

Aeris coy on Cobar talks

By: Esmarie Iannucci     25th October 2021 Junior Aeris Resources has refused to be drawn into discussions on whether it was vying for diversified miner Glencore’s Cobar copper mine, in New South Wales. Reports emerged this week that Aeris was competing with fellow-listed 29Metals to acquire the Glencore assets, with Aeris acknowledging... 

Eskom to jointly develop solar projects with Exxaro, Seriti  

By: Marleny Arnoldi     25th October 2021 Coal miners Exxaro and Seriti Resources are joining forces with State-owned power utility Eskom to jointly develop renewable energy projects. The landmark memorandum of understanding (MoU) signed between the parties on October 25 spells out the companies’ development plan to lower their carbon... 

Matla coal mine surrounds
Matla coal mine surrounds
1
2 3 4 5 6 7 8 9

Company Post

more

Latest News

more

Latest Videos

more

Company Announcements

more

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close