R/€ = 17.48 Change: 0.05
R/$ = 14.92 Change: 0.02
Au 1750.56 $/oz Change: -3.73
Pt 987.00 $/oz Change: 3.75

Mining News

AfriTin secures financing for Namibia tin expansion

By: Marleny Arnoldi     21st September 2021 Aim-listed AfriTin Mining has entered into a £4.5-million five-year loan agreement with Standard Bank Namibia, to fund the Phase 1 expansion of its processing plant at the Uis tin mine. The expansion is planned to increase tin concentrate production by 67% from 720 t/y to 1 200 t/y.  

Heat exhaustion claims two rescue workers at Kloof mine 

By: Marleny Arnoldi     21st September 2021 Precious metals miner Sibanye-Stillwater has confirmed that two mine rescue team workers have died at the Kloof mine, in Carletonville, because of heat exhaustion. The rescue workers were on a search mission for an employee at the Thuthukani shaft, after the employee was reported missing on... 

Sibanye-Stillwater's Kloof mine
Sibanye-Stillwater's Kloof mine

Ferrochrome prices increase 15.4% for fourth quarter, says Merafe

By: Simone Liedtke     21st September 2021 The European benchmark ferrochrome price for the fourth quarter of 2021 has been settled at $1.80/lb, a 15.4% increase from the third quarter, JSE-listed ferrochrome producer Merafe Resources said on Tuesday. Mining Weekly last month reported that steel production had recovered to prepandemic... 

Teck cuts refined zinc output forecast on wildfire impact

By: Reuters     21st September 2021 Canadian miner Teck Resources cut its forecast for annual refined zinc production on Tuesday, citing an impact on its operations from wildfires in British Columbia. The company projected refined zinc production for 2021 to be in the range of 285 000 t to 290 000 t, down from a previous estimate... 

An image of Teck's Trial Operations
Teck's Trial Operations contains one of the world's biggest fully integrated zinc and lead smelting and refining complexes.

Salazar secures mineral title in Ecuador

By: Marleny Arnoldi     21st September 2021 Emerging miner Salazar Resources has acquired the mineral title to a 1 175 ha property on which it will base the El Potro project for $50 000. The property is based in the Loja porphyry district of Ecuador.  

Botswana Diamonds reports positive results from Thorny River drilling

By: Tasneem Bulbulia     21st September 2021 Aim- and BSE-listed diamond explorer Botswana Diamonds (BOD) has successfully completed its nine-hole drilling programme on the Thorny River property in South Africa. The objective was to see if two kimberlite blows – the River and River Extension –  were one contiguous orebody, thus increasing... 

Australian miner TerraCom gets debt payment reprieve for fourth time

By: Reuters     21st September 2021 TerraCom said on Tuesday its bondholders had agreed to a payment delay for the fourth time as the Australian coal miner finalises details of a new refinancing programme. The new three-week extension now sets the bond maturity date for October 8, which was initially due on June 30. 

Gold Fields to trial electric vehicles at St Ives

By: Esmarie Iannucci     21st September 2021 Gold miner Gold Fields will trial new battery electric vehicles (BEV) at its St Ives operation, in Western Australia. The company has struck a deal with heavy equipment provider Sandvik, which will see the St Ives mine become the first in Australia to receive the new Sandvik LH518B 18-t BEV... 

Image shows the Sandvik LH518B truck

South32 appoints new COO for Africa and Colombia  

By: Esmarie Iannucci     21st September 2021 Diversified miner South32 on Tuesday announced that COO Mike Fraser, who has accountability for the African and Colombian operations, would leave the company. Current VP of operations at Worsley Alumina, Noel Pillay, will be appointed as COO, alongside Jason Economidis, who will remain COO with... 

Image shows newly appointed COO Noel Pillay
South32 COO Noel Pillay

Equinox announces Aurizona expansion study outcomes

By: Creamer Media Reporter      21st September 2021 Bullion miner Equinox Gold has completed a prefeasibility study (PFS) to expand its Aurizona mine, in Brazil. Incorporating the underground and satellite deposits into the mine plan will nearly double the mine life, increase production and generate about $1-billion in net cash flow at current... 

IGO starts due diligence on Western Areas

By: Esmarie Iannucci     21st September 2021 ASX-listed Independence Group (IGO) has started the due diligence process for a potential takeover of nickel miner Western Areas. Western Areas last month confirmed that it was in preliminary discussions with IGO in relation to a change of control proposal, with IGO telling shareholders that... 

New Hope reports profits for 2021

By: Esmarie Iannucci     21st September 2021 Coal miner New Hope Corporation has swung back into the black, with the miner reporting a net profit after tax of A$79-million for the 2021 financial year, compared with a loss of A$157-million in 2020. While total saleable production for the full year was down 15% on the 2020 figures, to... 

Okvau ramps up to full production

By: Esmarie Iannucci     21st September 2021 Operations at the Okvau gold mine, in Cambodia, are now ramping up to full production, ASX-listed Emerald Resources said, following the completion of the gold plant. Gold production since commissioning of oxide ore in June 2021 is an estimated 19 000 oz with some 23 000 oz expected to the end of... 

Gold 5 completes Siana sale

By: Esmarie Iannucci     21st September 2021 Gold miner Red 5 has completed the divestment of its Siana gold project, in the Philippines, for $19-million in cash. The company in July this year struck an agreement with TVI Resource Development (TVIRD) to divest its interests in Philippine company Greenstone Resources Corporation (GRC),... 

Shell divests of Permian assets

By: Esmarie Iannucci     21st September 2021 Oil and gas major Shell has struck a $9.5-billion agreement to sell its Permian business to ConocoPhillips, subject to regulatory approvals. Shell’s Permian business includes ownership in approximately 225 000 acres with current production of around 175 thousand barrels equivalent per day. 

BHP reveals taxes for 2021

By: Esmarie Iannucci     21st September 2021 Major BHP this week unveiled that it had paid $84-billion in global taxes, royalties and payments to governments over the last ten years, with $11.1-billion in payments made during the 2021 financial year. BPH reported that its total economic contribution in 2021 amounted to $40.9-billion, of... 

An image of the Blackwater operation in Queensland, Australia.
The Blackwater coal mine, in Queensland, Australia.

Massive uncut diamond unveiled in New York

By: Reuters     21st September 2021 In a bid to drum up investor appetite for rough, natural diamonds, mining company Lucara Diamond Corp and manufacturer HB Antwerp on Monday unveiled a 1 175-ct diamond in New York City. The companies are billing the stone as the largest rough diamond to be shown in the United States, and the... 

QC stock leaps on 1bn-pound-plus Quebec copper resource

By: Mariaan Webb     21st September 2021 The share price of TSX-V-listed QC Copper and Gold surged 30% on Monday, as the company announced an initial resource estimate on the Opemiska project, in the Chibougamau district of Quebec. The deposit contains 81.7-million tonnes at 0.88% copper-equivalent of pit constrained measured and... 

Zambia Mines Minister takes aim at Konkola liquidation

By: Reuters     21st September 2021 Zambia's mines minister Paul Kabuswe on Monday criticised the previous administration's push to liquidate Vedanta's Konkola Copper Mines (KCM) unit, which sparked years of wrangling between the company and government. Vedanta and the Zambian government have been in a legal dispute over the mine... 

An image of copper plates being lifted out of a treatment tank at the Nchanga copper mine, operated by KCM.

Pan African COO seriously injured in botched robbery

By: Creamer Media Reporter      20th September 2021 Mid-tier gold miner Pan African Resources said on Monday that COO Bert van den Bergh was injured in an attempted robbery at his Johannesburg home on Sunday night. Van den Bergh was “seriously injured in what appears to be a failed robbery attempt”, the company said in a statement to the market. 

Price rally rekindles Pegasus’ interest in uranium

By: Mariaan Webb     20th September 2021 The dramatically improved uranium spot price of recent weeks has prompted Canadian junior Pegasus Resources to re-evaluate uranium assets. The company announced on Monday that it was reviewing several uranium assets in, and near, the Athabasca basin of northern Saskatchewan. 

Barrick takes option on Red Lake, Ontario project

By: Creamer Media Reporter      20th September 2021 Bullion major Barrick Gold has entered into a property option agreement with Kenorland Minerals to acquire up to an 80% interest in the South Uchi project, in the Red Lake district of Ontario, Canada. Barrick could earn an initial 70% interest by spending C$6-million on exploration over six... 

Image showing the location of the South Uchi project.

Giyani progresses exploratory work on three manganese prospects

By: Marleny Arnoldi     20th September 2021 TSX-V-listed Giyani Metals Corporation has provided updates on the various exploration programmes it has under way at the southern extensions of the K.Hill project, as well as the Otse and Lobatse manganese prospects, in Botswana. CEO Robin Birchall says the multiple exploration programmes are... 

Hydrogen Society Roadmap focus to shift from research to commercialisation

By: Terence Creamer     20th September 2021 Cabinet has approved an extension of the Hydrogen Society Roadmap (HSRM) to 2030, with the aim of shifting its focus from research to commercialisation. “The HSRM builds on what has been achieved in the past 10 years to prepare South Africa to move from research and development to manufacturing... 

Hydrogen Society Roadmap focus to shift from research to commercialisation

Cabinet endorses more ambitious carbon pledge ahead of Glasgow summit 

By: Terence Creamer     20th September 2021 Cabinet has approved a revised – and more ambitious – Nationally Determined Contribution (NDC) carbon mitigation target range for 2030 ahead of the upcoming COP26 gathering, which will take place in Glasgow, Scotland, in November. In a statement, Cabinet announced that South Africa had revised... 

A road to an Eskom power station
Photo by Creamer Media
Eskom plans to decommission 11 GW of coal by 2030

Rainbow enters into agreement for rare earth tech in SADC

By: Tasneem Bulbulia     20th September 2021 Aim-listed Rainbow Rare Earths has entered into an exclusive intellectual property licensing agreement with K-Technologies (K-Tech), located in Lakeland, Florida, in the US, to use its rare earths separation technology in the Southern African Development Community (SADC) region. K-Tech has... 

Exxaro targeting manganese, bauxite, copper as part of decarbonisation strategy 

By: Martin Creamer     20th September 2021 By investing in operating manganese, bauxite and copper assets, the new Exxaro Minerals business could represent 50% of expected coal earnings within ten years, Exxaro CEO-designate and MD Minerals Dr Nombasa Tsengwa stated on the Johannesburg Stock Exchange-listed coal company’s website on... 

Creamer Media screenshot taken during 2021 presentation of Exxaro results
Photo by Creamer Media
Exxaro CEO-designate and MD Minerals Dr Nombasa Tsengwa

URU Metals starts prospecting right due diligence in Limpopo

By: Marleny Arnoldi     20th September 2021 London-listed URU Metals has appointed environmental consultancy Tshifcor Investment and Resources to conduct an environmental-impact assessment and a public participation process on South African properties prospective for nickel mineralisation. The company is working towards securing a... 

Platinum branded collections continue to thrive despite pandemic, says PGI

By: Tasneem Bulbulia     20th September 2021 Worldwide marketing organisation the Platinum Guild International’s (PGI’s) second-quarter Platinum Jewellery Business Review (PJBR) shows that platinum jewellery, especially branded collections, remains resilient amid a still challenging situation in retail in most markets. Based on the PGI’s... 

BlueRock records good interim progress

By: Tasneem Bulbulia     20th September 2021 Aim-listed BlueRock Diamonds recorded good progress on a number of fronts during the six months ended June 30, chairperson Mike Houston says, despite a challenging period and delays in the expansion project at its Kareevlei mine, in the Kimberley region of South Africa. The company announced a... 

Glencore is leading transition metals major, says Deutsche Bank Research 

By: Martin Creamer     20th September 2021 Glencore is the leading major mining company when it comes to its portfolio of transition metals, says Deutsche Bank Research. The bank’s research analysts afford Glencore a top 1-to-5 position in copper, cobalt, zinc and nickel – metals they describe as being central to world’s decarbonisation... 

Screenshot of commodity revenue calculation by Morgan Stanley Research
Revenue by commodity calculated by Morgan Stanley Research

Sibanye now largest shareholder of Keliber

By: Marleny Arnoldi     20th September 2021 JSE-listed precious metals miner Sibanye-Stillwater has become Finnish mining company Keliber Oy’s largest shareholder, with a 27% stake. Sibanye has concluded a second tranche of financing, by subscribing for 250 000 shares valued at €10-million, related to a €40-million bridge financing... 

Bauxite trains operated by Russian miner Rusal collide in Guinea, killing one

By: Reuters     20th September 2021 Two trains operated by Russian aluminium giant Rusal collided in Guinea's capital Conakry on Monday, killing at least one person and injuring several others, witnesses said and footage on social media showed. The world's third-largest aluminium producer operates three bauxite mines and an... 

Pensana in the running for best New Company of the Year

By: Marleny Arnoldi     20th September 2021 London-listed Pensana has been shortlisted as New Company of the Year at the PLC Awards 2020, with a ceremony to be held on September 22. The awards are open to all companies listed on the main market of the LSE.  

Tsodilo beefs up Xaudum preliminary economic assessment with geotechnical lab tests

By: Donna Slater     20th September 2021 TSX-V-listed diamond and metals explorer Tsodilo Resources reports that the first set of geotechnical lab test results for its wholly-owned Xaudum iron project, conducted on the Xaudum iron formation (XIF), indicate that the XIF materials are competent and have good to moderate strength... 

Shanta upgrades indicated Bushiangala resources

By: Donna Slater     20th September 2021 West Africa-focused gold producer Shanta Gold has converted 82 700 oz, grading at 10.62 g/t into indicated resources at its Isulu site, and 34 900 oz, grading at 3.92 g/t to indicated resources at the Bushiangala site of its West Kenya project, in Kenya. Prior to this resource update, total... 

Walkabout confident of meeting development targets at Lindi Jumbo

By: Tasneem Bulbulia     20th September 2021 ASX-listed graphite developer Walkabout Resources says mine construction at its Lindi Jumbo graphite mine development, in south-eastern Tanzania, is on track. The company has started the engineering, procurement and construction (EPC) contract with Yantai Jinpeng Mining Machinery. 

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