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Mining News

Poland's KGHM sees copper demand rising amid green energy projects - CEO

By: Reuters     Updated 50 minutes ago Polish copper producer KGHM plans to maintain 2021's projected output levels in subsequent years, with higher demand expected on the back of increased investment in green energy projects, its chief executive said. State-run KGHM had considered closing operations when the coronavirus pandemic... 

South African miners to focus on competitiveness and embrace 4IR to thrive  

By: Donna Slater     Updated 3 hours ago For the South African mining industry to thrive, it needs to focus on its competitiveness and it should embrace the Fourth Industrial Revolution (4IR), says University of Johannesburg Vice Chancellor and principal professor Tshilidzi Marwala. He spoke during the Joburg Indaba’s Modernisation in... 

South African miners to focus on competitiveness and embrace 4IR to thrive
South Africa’s mining industry needs to improve its competitiveness in line with its 4IR ambitions, says University of Johannesburg Vice Chancellor and principal professor Tshilidzi Marwala (Video and editing: Nicholas Boyd).

4IR in mining heralds generational change of guard, softer digital jobs – Butler 

By: Donna Slater     Updated 3 hours ago Along with the adoption of technologies needed for the Fourth Industrial Revolution (4IR) could potentially come a change in the type of jobs being created in the mining industry, gold miner Gold Fields technical executive VP Richard Butler has said. Speaking during the Joburg Indaba’s... 

Petra to start implementing restructure

By: Marleny Arnoldi     Updated 4 hours ago London-listed Petra Diamonds has announced that the scheme conditions effective date has occurred, thereby enabling the start of the implementation of the company’s restructuring. The company expects the restructuring's effective date to be March 10.  

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     Updated 5 hours ago A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Test mine study under way for Fourth Industrial Revolution try-outs
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Minexx pioneers minerals export with certified blockchain payments

By: Tasneem Bulbulia     Updated 6 hours ago Technology provider Minexx has exported minerals with full financial transparency from the Democratic Republic of Congo (DRC), by processing $250 000 of blockchain-certified payments. In a statement, Minexx acclaims that this represents a milestone for the company, as well as the sector, as it... 

The fight to save the LME ring begins as traders warn on pricing

By: Reuters     Updated 6 hours ago The London Metal Exchange is facing broadening resistance to a plan to close its iconic open-outcry trading floor, with German traders and manufacturers joining some members to warn that closing “the Ring” would hurt pricing and volumes. The LME suspended trading on the floor in March, and last... 

Fortescue apologises for clearing land on Aboriginal sacred site

By: Reuters     Updated 7 hours ago Australia's Fortescue Metals Group has apologised to an Aboriginal group for clearing land on a heritage site while flouting a government condition for representatives of the community to be present when the damage took place. It is the week's second such incident, despite pressure on Australian... 

Alrosa relaunches plant earlier than planned

By: Creamer Media Reporter      24th February 2021 As conditions in the global diamond market improve, Russian major Alrosa has decided to relaunch the processing plant of its Lomonosov mining and processing division, Severalmaz, on March 1. This is a month earlier than previously planned. The plant is set to process three-million tons of ore... 

B2Gold's net income doubles

By: Mariaan Webb     24th February 2021 Despite the challenges of the Covid-19 pandemic, Canada-headquartered gold miner B2Bold had a remarkable year of growth in 2020, achieving its twelfth consecutive year of record gold production, record revue and net income doubling. The miner, which operates in Africa, generated net income of... 

AECI’s diversification strategy helped to deliver solid 2020 performance amid challenging year

By: Marleny Arnoldi     24th February 2021 JSE-listed chemicals group AECI has declared a final cash dividend of 470c apiece for the year ended December 31, 2020, despite a 55% year-on-year decrease in profit from operations to R917-million. The total ordinary dividend for 2020 was 570c apiece, unchanged from the total dividend for 2019.  

AECI’s diversification strategy helped to deliver solid 2020 performance amid challenging year
Photo by Creamer Media
AECI CEO Mark Dytor

Mkango starts flotation pilot testwork at Malawi project

By: Marleny Arnoldi     24th February 2021 Aim-listed Mkango Resources has started with testwork on a pilot flotation plant for the Songwe Hill rare earths project, in Malawi. The pilot programme is being conducted at ALS Metallurgy, in Perth, with a new flotation regime planned to be scaled up as part of the programme.  

Merger to create new North American precious metals explorer

By: Creamer Media Reporter      24th February 2021 A new North America-focused precious metals exploration and development company is set to emerge from the combination of TSX-V-listed Silver Mountain Mines and private British Columbia company Nevgold. Nevgold holds the rights to acquire the Limousine Butte and Cedar Wash project, in Nevada,... 

Green light for Brazilian Nickel's small-scale Piauí project

By: Creamer Media Reporter      24th February 2021 The Brazilian Piauí State Environmental Agency has issued privately held Brazilian Nickel an installation licence for its PNP1000 project, enabling construction work to begin. PNP1000 is the initial, small scale commercial production project at the Piaui nickel project (PNP). The PNP1000 will... 

Chilean miner Codelco says copper price spike will bolster war chest, raise costs

By: Reuters     24th February 2021 Chile’s State-owned Codelco, the world’s largest copper producer, views recent spike in the price of the red metal as a “good opportunity” to generate cash for investments and hold down debt, but warned it could also drive up the miner’s costs, a senior executive told Reuters on Monday. The... 

Anglo Pacific inks $205m Voisey’s Bay cobalt stream deal

By: Mariaan Webb     24th February 2021 Royalty and streamlining company Anglo Pacific on Wednesday announced the $205-million acquisition of a holding company that owns a 70% net interest in a stream on cobalt production from the Voisey's Bay mine, in Canada, progressing its ambition to focus on commodities that support a more... 

Anglo Pacific inks $205m Voisey’s Bay cobalt stream deal
Vale's Voisey's Bay

Exxaro puts some Tronox shares up for sale

By: Marleny Arnoldi     24th February 2021 JSE-listed diversified miner Exxaro Resources has started a public offering for up to 17-million ordinary shares in NYSE-listed Tronox Holdings. Tronox, an integrated titanium dioxide pigment manufacturer, on February 23 exercised its “flip-in” call option over Exxaro’s 26% shareholding in... 

Mining growth projects add glimmer of hope in dreary economic climate

By: News24Wire      24th February 2021 As mining companies turn to domestic growth-development projects, their spending spree may be what the sector needs to lift it from a slump it has endured for many years.  Companies such as platinum mining giant Sibanye-Stillwater and Kumba Iron Ore have led the way in ploughing cash into their... 

BHP and Aboriginal group probe fallen rock shelter in Western Australia

By: Reuters     24th February 2021 BHP Group has launched a joint investigation with an Indigenous group into what caused a rock fall at a culturally significant rock shelter at its iron ore operations in Western Australia, both groups said. BHP discovered the damage to the site of significance to the Banjima people on January... 

Venturex unveils A$58m capital plan

By: Esmarie Iannucci     24th February 2021 ASX-listed Venturex has unveiled a A$58-million recapitalization plan, which would see mining executive Bill Beament take a major share in the company. Venturex on Wednesday said that it would raise an initial A$14-million through a share placement, priced at 8c each, with Beament to contribute... 

Venturex unveils A$58m capital plan
Photo by Bloomberg
Bill Beament

Caravel raises copper funds

By: Esmarie Iannucci     24th February 2021 Junior Caravel Minerals will raise A$9-million to fund prefeasibility work at its Caravel copper project, in Western Australia. The ASX-listed explorer has received firm commitments from institutional, sophisticated and professional investors for the placement of 56.25-million shares, at a price... 

Lotus raises cash, increases stake in Kayelekera

By: Esmarie Iannucci     24th February 2021 ASX-listed Lotus Energy will raise A$12.5-million through a share placement to fund work at the Kayelekera uranium project, in Malawi, and to fund exploration studies. The uranium developer on Wednesday reported that it had received firm commitments for the placement of 100-million shares, at a... 

Deep Yellow completes fund raising

By: Esmarie Iannucci     24th February 2021 Uranium hopeful Deep Yellow has completed it’s A$40.8-million capital raise, and has issued more than 62.7-million shares to institutional, sophisticated and professional investors. “It is worth repeating that this highly successful fund raising has put the company in a strong financial position... 

215 ct diamond recovered at Mothae

By: Esmarie Iannucci     24th February 2021 Diamond miner Lucapa has recovered a 215 ct diamond from its Mothae mine, in Lesotho. The stone is the largest type IIa D-colour white diamond, and the second of more than 200 ct to be recovered at the 1.1-million tonne a year Mothae plant since commercial diamond mining operations started in 2019. 

Silver Lake posts solid first half

By: Esmarie Iannucci     24th February 2021 Gold miner Silver Lake Resources has reported increased profits and cashflows for the half-year ended December, on the back of increased gold production and higher gold prices. Gold sales in the first half of the 2021 financial year reached 130 354 oz, up from the 127 459 oz sold in the previous... 

Investment in industry key - Appea

By: Esmarie Iannucci     24th February 2021 The Australian Petroleum Production and Exploration Association (Appea) has called on the incoming state government to attract investment in the resources sector, ahead of the March elections in Western Australia. Appea on Wednesday urged the incoming state government to focus on the investment... 

Royalty stability promised for WA gold

By: Esmarie Iannucci     24th February 2021 The Association of Mining and Exploration Companies (Amec) on Wednesday welcomed a pledge by the Labor party that it would not pursue an increase in gold royalties should it be re-elected in the March election. Instead, the gold royalty would be maintained at 2.5%.  

NAIF amendments head to Parliament

24th February 2021 Reforms to speed up investment approvals for the Northern Australia Infrastructure Facility (NAIF) has been introduced into Federal Parliament. Minister for Resources, Water and Northern Australia Keith Pitt said the reforms would extend the operations of the government’s A$5-billion NAIF for a... 

NAIF amendments head to Parliament

Hydrogen in the NT gets a boost

By: Esmarie Iannucci     24th February 2021 A renewable hydrogen trial is set to launch in Tennant Creek, in the Northern Territory, between joint venture (JV) partners Axcentium and Ahurei. The JV partners will be trailing a new technology, called Aqua Aerem, to capture water from the atmosphere in arid environments in an off-grid... 

Premier Gold shareholders approve takeover by Equinox

By: Creamer Media Reporter      24th February 2021 The shareholders of Premier Gold Mines have voted to approve the acquisition by Equinox Gold, paving the way for the transaction to close next month, pending regulatory approvals. On closing of the transaction, Premier shareholders will receive 0.1967 of an Equinox share for each share held,... 

South Africa slips to sixtieth on Fraser Institute's investment attractiveness index

By: Schalk Burger     23rd February 2021 South Africa ranked sixtieth out of 77 destinations in terms of investment attractiveness, Canada-based public policy research organisation Fraser Institute's 2020 Survey of Mining Companies, released on February 23, has shown. The country had ranked fortieth out of 76 destinations in 2019. 

Harmony Gold’s hedging realises R902m net gain in six months  

By: Martin Creamer     23rd February 2021 Gold mining company Harmony Gold realised a net gain of R902-million from its hedging in the six months to December 31, Harmony Gold FD Boipelo Lekubo said on Tuesday. In presenting Harmony’s superb set of dividend-yielding half-year results of profit soaring 336% to R5.8-billion in the six... 

Harmony Gold’s hedging realises R902m net gain in six months
Harmony Gold FD Boipelo Lekubo’s financial report covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Just energy transition remains priority to ensure sustainable future

By: Donna Slater     23rd February 2021 South Africa’s energy sector needs to broadly embrace a just energy transition to ensure it improves energy security and stability, as well as meets its obligations towards mitigating climate change, says nonprofit economic research institution Trade and Industrial Policy Strategies senior... 

Kilimapesa sale to be finalised by end-March, says Goldplat

By: Marleny Arnoldi     23rd February 2021 Aim-listed Goldplat has advised that formal documentation relating to Mayflower Gold Investment’s acquisition of the Kilimapesa project, in Kenya, has been signed by all parties. The formal documentation includes a share purchase agreement entered into by Gold Mineral Resources (GMR) – a... 

TIPS research confirms business case for developing hydrogen economy

By: Marleny Arnoldi     23rd February 2021 Trade & Industrial Policy Strategies says South Africa is well placed to build a new and sustainable export commodity – green hydrogen. TIPS believes the country can become a key supplier into the rapidly growing international hydrogen market, as the world faces growing pressure to move to... 

Nevada and Arizona now the most attractive mining destinations

By: Mariaan Webb     23rd February 2021 Nevada, in the US, is now the world’s number-one jurisdiction for mining investment, bumping Western Australia from the top of the chart, according to the latest Fraser Institute survey. Arizona, which ranked ninth in 2019, sailed into the second place, while Saskatchewan climbed eight spots... 

Nevada and Arizona now the most attractive mining destinations

Study shows potential to double capacity, reduce costs at Gakara processing plant

By: Donna Slater     23rd February 2021 An enhanced scoping study for Rainbow Rare Earths’ Gakara rare earths project points to a doubling of rare earth elements cracking plant capacity, from 5 000 t/y to 10 000 t/y. Rainbow sought to update the feasibility of the processing facility to produce a high-purity cerium-depleted mixed rare... 

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