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Mining News

Workers at Lundin's Candelaria mine accept new agreement

By: Reuters     23rd November 2020 One of the unions on strike at Chile's Candelaria copper mine accepted a 30-month collective agreement from Lundin Mining on Friday, the company and the union said. The Candelaria AOS Union, representing about 550 workers at Lundin's Candelaria operations in Chile, accepted the last formal... 

Search for last miner trapped at Gamsberg goes on

By: Reuters     21st November 2020 Rescuers were searching for the last of 10 miners trapped at South Africa's Gamsberg zinc mine on Saturday and mining activity remains suspended, owner Vedanta Zinc International (VZI) said. "Mining-related activities at Gamsberg Mine remain suspended until further notice," the company said,... 

Search for last miner trapped at Gamsberg goes on

Mining industry responds well to Covid-19, but legal risks remain

By: Schalk Burger     20th November 2020 The mining industry in South Africa responded well to the new directives to prevent the spread of Covid-19 and ensure employee health, a panel of lawyers from law firm Webber Wentzel said during the firm's annual Mining Roundup seminar on November 18. "The mining industry proved adaptable and... 

Power Metal completes drilling of first hole at Kalahari Key project

By: Donna Slater     20th November 2020 Aim-listed metals exploration and development company Power Metal Resources has completed the drilling of the first hole at Kalahari Key Mineral Exploration's Molopo Farms Complex (MFC) project, in Botswana. 

Assay results point to high copper values for Power Metal's Kisinka prospect

By: Donna Slater     20th November 2020 Aim-listed metals exploration and development company Power Metal Resources, through receipt of assay results, has confirmed high cobalt and copper values at its 70%-owned Kisinka copper/cobalt project, in the Democratic Republic of the Congo. Kisinka is located about 30 km east of the regional... 

Sasol shareholders back JV with LyondellBasell for US project 

By: Reuters     20th November 2020 South Africa's Sasol said on Friday shareholders have approved a proposed agreement to form a joint venture with chemical company LyondellBasell Industries at its US Lake Charles Chemicals Project in a bid to pay down debt. LyondellBasell agreed last month to acquire a 50% stake of Sasol's base... 

Sasol shareholders back JV with LyondellBasell for US project

Red Rock starts geophysics programme in DRC

By: Marleny Arnoldi     20th November 2020 London-listed Red Rock Resources has mobilised a team to its 80%-owned Luanshimba licence, in the Democratic Republic of Congo (DRC), to start a geophysics programme. The programme serves as a follow-up to strong copper and cobalt anomalism identified during a prior termite mound sampling... 

Vedanta wins Zambian appeal in Konkola Copper Mines case

By: Reuters     20th November 2020 A Zambian court on Friday ordered a stay on liquidation proceedings for Konkola Copper Mines (KCM) to allow owners Vedanta and ZCCM-IH to proceed to arbitration, the provisional liquidator said in a statement. The ruling by the Court of Appeal represents a significant win for Vedanta, which is... 

Oriole to start drilling at Bibemi before year-end

By: Marleny Arnoldi     20th November 2020 Aim-listed Oriole Resources expects a Boart Longyear drill rig to arrive at its Bibemi project site in Cameroon, by early December, which will enable the company to start its 3 000 m diamond drilling programme before the end of the year. Additionally, ancillary equipment is en route from South... 

Alba reunites two key mines in Dolgellau gold field, Wales

By: Creamer Media Reporter      20th November 2020 Aim-listed Alba Minerals has been awarded the exclusive exploration rights over the Gwynfynydd mine – the second biggest producer of gold in the UK’s history after the Clogau-St Davids gold mine. With this award, Alba now has the exclusive exploration rights over the entire length of the... 

De Beers Namibian diamond venture gets tax break to extend operations 

By: Reuters     20th November 2020 Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, has been granted a holiday on royalty payments, the country's mining ministry said on Friday in bid to save jobs in the shrinking sector. Diamonds have been mined in Namibia since 1908, but... 

De Beers Namibian diamond venture gets tax break to extend operations

Copper surges to fresh two-year high on virus vaccine hopes 

By: Reuters     20th November 2020 Copper surged to a fresh two-year high on Friday, and is set for its longest run of weekly gains since September, as investors weighed concerns about rising coronavirus cases against promising news on vaccines that could hasten an economic recovery. Base metals have climbed this month on signs... 

Hochschild says dividend confirms confidence in outlook

By: Mariaan Webb     20th November 2020 The board of silver and gold miner, Hochschild Mining, has approved the payment of the previously suspended interim dividend, announcing on Friday that shareholders would receive a $4-a-share dividend. The company, headquartered in Peru, and listed in London, previously postponed the 2020... 

Hochschild says dividend confirms confidence in outlook
Hochschild CEO Ignacio Bustamante

Price of oil to increase, gold to remain high going into 2021 – Fitch Solutions 

By: Donna Slater     20th November 2020 With the brent crude oil price continuing to rise in November, following reports of a second highly effective Covid-19 vaccine nearing emergency approval in the coming weeks, financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch... 

Fission starts Triple R feasibility study following $17m financing

By: Mariaan Webb     20th November 2020 Canada-based resources company Fission is transitioning from an explorer to a developer, with the company entering the environmental assessment phase and starting work on a feasibility study for its high-grade Triple R uranium deposit, in the Athabasca basin The company has recently strengthened... 

Aura signs new offtake deal with Trafigura

By: Mariaan Webb     20th November 2020 Toronto-listed Aura Minerals has completed a competitive bidding process for a new offtake agreement for copper and gold concentrate from its Aranzazu mine, in Mexico. Trafigura has agreed to purchase 100% of the copper and gold concentrate produced at the mine, between 2022 and 2024. Aura says... 

QRC welcomes new resources DG

By: Esmarie Iannucci     20th November 2020 The Queensland Resources Council (QRC) has welcomed the appointment of Mike Kaiser as a new Director General to the Department of Resources QRC CEO Ian Macfarlane said that the newly minted Department of Resources, and its predecessor the Department of Natural Resources, Mines and Energy, had... 

Platinum investment demand, Anglo American, Sibanye-Stillwater make headlines  

20th November 2020 Mining Weekly Editor Martin Creamer unpacks platinum investment demand sky rocketing 291%, Anglo American’s investment commitment to South Africa and a New York court dismissing class action against Sibanye-Stillwater.   

Platinum investment demand, Anglo American, Sibanye-Stillwater make headlines
Platinum investment demand, Anglo American, Sibanye-Stillwater make headlines

OM Holdings continues to earn in at Bryah JV

By: Esmarie Iannucci     20th November 2020 ASX-listed OM Holdings, through its subsidiary OM Manganese has increased its shareholding in its manganese joint venture (JV) with Bryah Resources, days after the latter announced plans to sell its interest. As part of its farm-in and JV agreement with Bryah, OM Manganese has funded a further... 

Great Southern raises funds

By: Esmarie Iannucci     20th November 2020 ASX-listed Great Southern Mining will raise A$3.12-million to fund exploration work in Western Australia and Queensland. The junior on Friday announced that it would place 39-million fully paid ordinary shares at 8c each, along with one free attaching option for every four placement shares... 

Alicanto raises funds for Swedish exploration

By: Esmarie Iannucci     20th November 2020 Gold developer Alicanto Minerals will raise A$6-million through a share placement to fund next round of drilling at its Greater Falun copper/gold project, in Sweden. The company on Friday announced that more than 46.1-million shares will be placed at an issue price of 13c each to sophisticated... 

MACA appoints receivers for Carabella funds

By: Esmarie Iannucci     20th November 2020 Mining contractor MACA has appointed receiver managers over the A$34.7-million owed from embattled coal miner Carabella Resources for work performed at its Bluff project, in Queensland. The Bluff project moved into care and maintenance at the end of October this year on the back of falling coal... 

NT govt approves McArthur River amendments

By: Esmarie Iannucci     20th November 2020 The Northern Territory Minister for Mining and Industry Nicole Manison has approved major Glencore’s amended mining management plan for the McArthur River zinc mine, allowing mining activities to continue. “The territory government is supporting jobs and protecting the environment through strict... 

NT govt approves McArthur River amendments

Albemarle and 27 others push for 100% EV sales by 2030

By: Mariaan Webb     20th November 2020 The world’s largest lithium producer, Albemarle, has teamed up with 27 other organisations to form a US-based coalition committed to achieving 100% electric vehicle (EV) sales by 2030. Known as ZETA, the diverse, nonpartisan group has 28 founding members, including ABB, Con Edison, Duke Energy,... 

Albemarle and 27 others push for 100% EV sales by 2030

Trilogy and South32 formalise $27m budget for Alaska JV

By: Mariaan Webb     19th November 2020 Ambler Metals, a joint venture operating company owned by Trilogy and South32, has announced a 2021 budget of $27-million for the advancement of the Upper Kobuk Mineral Projects (UKMP), in Alaska. The 2021 exploration programme will entail 7 600 m of infill and metallurgical drilling at the... 

Maiden drill campaign mobilises to explore Tanzanian Haneti nickel project

By: Donna Slater     19th November 2020 Aim-listed gold and nickel explorer and developer Katoro Gold has mobilised Amazon Drilling's teams to start the maiden drill programme targeting the discovery of nickel and platinum group metals (PGMs) at the Haneti nickel project in Tanzania.

Katoro holds a 65% ownership interest in Haneti,... 

Great Lakes region still not benefitting from its minerals endowment 

By: Simone Liedtke     19th November 2020 Africa, and in particular the Great Lakes region, is richly endowed with minerals, but the continent and the region are not yet benefitting adequately from the sustainable mining and beneficiation of those minerals. This has given rise to the illicit extraction and smuggling of these minerals,... 

KGHM sees output continuing despite mine closure risk due to Covid

By: Reuters     19th November 2020 Poland's KGHM, one of the world's biggest copper and silver producers, said on Thursday while there was a risk of closing some mines or smelters due to Covid-19 infections among workers, overall production would continue. KGHM owns mines and smelters in Poland, as well as mines in Chile, Canada... 

ICMM's new interactive tool to help achieve sustainable mine closure

By: Creamer Media Reporter      19th November 2020 The International Council on Mining and Metals (ICMM) has launched an interactive tool to help mining companies establish a clearer view of their assets’ levels of maturity on their journey to achieving sustainable mine closure. The closure maturity framework is designed to help companies map... 

Amplats’ Viljoen, Harmony’s Lekubo listed among world’s top 100 women in mining 

By: Donna Slater     19th November 2020 Volunteer nonprofit organisation Women in Mining UK (WIM UK) on November 19 released its biennial 100 Global Inspirational Women in Mining (WIM100) edition, which features a number of South Africa nominees. The WIM100, which was launched by WIM UK in 2013, highlights the wealth of female talent... 

Amplats’ Viljoen, Harmony’s Lekubo listed among world’s top 100 women in mining
Photo by Creamer Media's Donna Slater
Anglo American business improvement projects head and Women in Mining South Africa (WiMSA) incoming chairperson Petro du Pisani

Zambia's mining assets won't be taken by bondholders – mines minister

By: Reuters     19th November 2020 Zambia doesn't expect its mining assets to be taken away by bondholders and has no plans to sell its shares in mining companies despite defaulting on part of its debt last week, Mines Minister Richard Musukwa said on Thursday. Zambia hopes to "strike a win-win situation" with bondholders,... 

Chrome producers want ferrochrome solutions that exclude export tax    

By: Martin Creamer     19th November 2020 South Africa’s non-integrated chrome ore exporters want to discuss ways of solving the existential threat to South Africa’s struggling ferrochrome industry to avoid the need for a tax being imposed on the export of locally mined chrome ore. But steadfastly in favour of a chrome ore export tax are... 

Chrome producers want ferrochrome solutions that exclude export tax
ChromeSA spokespersons interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Zambia's copper production rose 9.45% this year, mines minister says

By: Reuters     19th November 2020 Zambia produced 646 111 t of copper between January and September 2020, up from 590 321 t in the same period last year, Mines Minister Richard Musukwa said on Thursday, attributing the 9.45% rise to increased mine output. Africa's no.2 copper producer, Zambia defaulted last Friday after failing... 

Egypt awards 11 companies concessions in mining bid round

By: Reuters     19th November 2020 Egypt has awarded 82 exploration blocks to 11 companies in an international bid round for mineral exploration, Petroleum Minister Tarek El Molla said on Thursday. Among the companies awarded concessions were Australia's Centamin, Canadian companies B2Gold, Barrick Gold, Lotus Gold, Red Sea... 

Egypt awards 11 companies concessions in mining bid round
The Sukari mine, in Egypt.

Sarens Siba branches out into Brits to better serve its mining clients

By: Donna Slater     19th November 2020 Crane company Sarens Siba has opened a new mining-specific crane depot in Brits to service the needs of mines in the greater Rustenburg region. The depot will house mobile and all-terrain cranes in the 40 t to 120 t range that are in high demand by regional mines, and will mainly be used in the... 

Sarens Siba branches out into Brits to better serve its mining clients
Photo by Creamer Media's Donna Slater
A 100 t mobile crane at Sarens Siba's Brits depot

Deal activity in US metals and mining picks up

By: Creamer Media Reporter      19th November 2020 The US metals and mining industry saw a rise of 23.3% in overall deal activity during the third quarter, when compared with the last four-quarter average, according to GlobalData’s deals database. A total of 53 deals worth $1.6-billion were announced in the quarter, compared with the last... 

Sierra announces expansion plans for Yauricocha

By: Mariaan Webb     19th November 2020 TSX- and NYSE American-listed Sierra Metals has announced the results of a preliminary economic assessment (PEA) looking at the expansion of its Yauricocha mine, in Peru, and has said that it is also considering growth options at the Cusi mine, in Mexico. At Yauricocha, Sierra has considering... 

Sierra announces expansion plans for Yauricocha
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