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Local sourcing vital in UK, considering expected 70% jump in EV sales

By: Marleny Arnoldi 22nd January 2021 Research agency Fitch Solutions foresees a good year for electric vehicle (EV) development and a key component thereof, lithium. It says critical raw material (CRM) developments in the UK, the US and the European Union (EU) bode well for those regions’ battery supply chains and reducing their... →

Deep-South ‘well-funded’ to continue development of Namibian copper project

By: Simone Liedtke 22nd January 2021 TSX-V-listed Deep-South Resources has closed its nonbrokered private placement for $4.6-million. President and CEO Pierre Leveille commented on the strong demand, which led to the financing, and confirmed that the company had recently completed a preliminary economic assessment. →

GoviEx raises C$8m in private placement

By: Marleny Arnoldi 22nd January 2021 TSX-V-listed GoviEx Uranium has completed a nonbrokered private placement of 32-million shares at a price of C$0.25 apiece for gross proceeds of C$8-million. Each share also comprises a transferable share purchase warrant, which entitles the holder to acquire an additional share at a price of... →

Australia's MMG CEO sees short term upside momentum for copper

By: Reuters 22nd January 2021 Copper prices are likely to rise further after pushing above $8 000/t this month, supported by China's strong economy and government stimulus efforts after the Covid-19 pandemic, the head of Hong Kong-listed MMG Ltd said on Friday. Prices of copper have nearly doubled from last year's lows and... →

Bauba, Pelagic Resources amend terms to subscription agreement

By: Simone Liedtke 22nd January 2021 Diversified miner and exploration company Bauba Platinum and Pelagic Resources will amend the terms of their December 2020 subscription agreement. The subscription shares will now be issued at 31c a share, being a 4.13% discount to the 30-day volume-weighted average price at the close of business... →

Gruyere production grows for JV partners

By: Esmarie Iannucci 22nd January 2021 Gold miner Gold Road Resources on Friday reported that gold production for the December quarter has increased on the previous quarter on the back of increased plant throughput at the Gruyere gold mine, in Western Australia. Gold production in the December quarter reached 70 794 oz on a 100%... →

Senex continues to grow

By: Esmarie Iannucci 22nd January 2021 ASX-listed Senex Energy has reported a 16% increase in production and a 26% increase in sales revenue for the quarter ended December, as the ramp-up of its Atlas operation, in the Surat basin, continues. Quarterly production reached 4.3 PJ during the three months to December, up 16% on the... →

Pensana seeks to change name ahead of ASX delisting next month

By: Simone Liedtke 22nd January 2021 Ahead of the company’s delisting from the ASX next month, Pensana Rare Earths is considering changing its name to Pensana. In a statement on January 22, the rare earth oxide producer confirmed that it will be holding a general meeting on February 8 and has urged shareholders to vote on the name... →

Pan African says on track to meet full-year guidance

By: Tasneem Bulbulia 22nd January 2021 Precious metals miner Pan African Resources CEO Cobus Loots says the company delivered a “commendable operational and safety performance, amid the challenges of the ongoing Covid-19 pandemic” during the six months ended December 31. In an operational update for the six months, published on... →

Argonaut cleared to start work on C$480m Ontario gold project

By: Mariaan Webb 22nd January 2021 Toronto-listed Argonaut Gold has been cleared to start site preparation for the construction of its C$480-million Magino gold mine. The Toronto-listed company announced on Thursday that the province of Ontario had filed the closure plan for Magino, which would produce about 150 000 oz/y in the... →

PGMs, new Gold Fields CEO designate make headlines

22nd January 2021 Mining Weekly Editor Martin Creamer unpacks Switzerland's green hydrogen roll-out, PGM demand and Chris Griffith becoming Gold Fields CEO designate. →

PGMs, new Gold Fields CEO designate make headlines

Developer of Alaska's Pebble mine files appeal over permit rejection

By: Reuters 22nd January 2021 Diversified Canadian miner Northern Dynasty Minerals said on Thursday its US subsidiary Pebble Limited Partnership has filed an appeal with the US Army Corps of Engineers (USACE) over its decision to deny a key water permit for the contentious Pebble mine, in Alaska. The USACE denied the Clean... →

Pebble Mine Partnership CEO John Shively

Yamana begins advancing plans for newly acquired Wasamac

By: Mariaan Webb 22nd January 2021 Gold miner Yamana Gold has completed the acquisition of the Wasamac property and Camflo property and mill, solidifying its position in Quebec’s Abitibi region. The company acquired the assets through the acquisition of Monarch Gold, which has spun out its other mineral assets in the newly formed... →

Responsible Mining Foundation seeks ‘more ambitious’ standards for TSFs

By: Simone Liedtke 22nd January 2021 The vast majority of large-scale mining companies are still unable to demonstrate that they review and report on how effectively they manage risks related to tailings storage facilities (TSF), and take responsive actions as necessary, despite growing disclosure on TSFs, the Responsible Mining... →

The Corrego do Feijao tailings dam collapse, in Brumadinho, Brazil.

Botswana Diamonds to raise £363 000 for exploration

By: Tasneem Bulbulia 22nd January 2021 Aim-listed Botswana Diamonds has undertaken a company-arranged placing with existing and new investors to raise £363 000 through the issue of 60.5-million new ordinary shares. This includes a cash subscription by certain directors. →

Pellet production resumes at Vargem Grande

By: Mariaan Webb 22nd January 2021 Brazilian iron-ore miner Vale has resumed production at the pelletising plant in Vargem Grande, two years after production were halted in a crackdown by authorities following a fatal dam break. Vargem Grande will produce between four-million and five-million tonnes this year, Vale said on... →

Brazil state gives Vale ultimatum on settlement talks

By: Reuters 22nd January 2021 Brazilian iron-miner Vale failed on Thursday to reach a legal settlement with Minas Gerais state regarding a deadly dam disaster, with the State warning it would not take "crumbs" and giving a ten-day deadline for a better offer. About 270 people died in 2019 in the town of Brumadinho in Minas... →

Forrest paves the way for green steel

By: Esmarie Iannucci 22nd January 2021 Mining magnate Andrew Forrest has pledged iron-ore major Fortescue to a green energy future, unveiling plans for green steelmaking in the Pilbara. In the first ABC Boyer Lecture for 2021, which will be aired over the weekend, Forrest in a recorded message stated that Fortescue would build... →

Photo by Bloomberg
Fortescue founder and chairperson Andrew Forrest

Shareholder nod for Endeavour’s Teranga buy

By: Mariaan Webb 22nd January 2021 Toronto-listed Endeavour Mining on Thursday announced shareholder approval for its acquisition of Teranga Gold. Through the deal, unveiled in November, Endeavour would be transformed into a top ten senior gold producer and the largest gold producer miner in West Africa. →

Blackstone advances metal talks with Trafigura

By: Esmarie Iannucci 22nd January 2021 Commodities trading group Trafigura has signed a letter of interest (LoI) with junior Blackstone Minerals to potentially supply quantities of nickel and cobalt products that would allow Blackstone to produce products for the lithium-ion battery industry at its Ta Khoa nickel project, in Vietnam.... →

Guinea President retains Magassouba as Mines Minister

By: Reuters 22nd January 2021 Guinea President Alpha Conde has retained Abdoulaye Magassouba as mines minister overseeing the West African nation's bauxite, iron-ore, gold and diamond wealth, according to a decree read on state television on Thursday. Magassouba was first appointed to the position in January 2016. Under his... →

'The bucket is leaking': Zambia opposition leader denounces debt-funded Mopani deal

By: Reuters 22nd January 2021 Zambia's main opposition party leader Hakainde Hichilema criticised the government's deal with Glencore on Thursday, comparing the economy to a leaky bucket broken by debt. The state mining investment arm ZCCM-IH agreed on Tuesday to take on $1.5-billion in debt in exchange for full control of... →

WA makes plans to fast-track major projects

By: Esmarie Iannucci 22nd January 2021 The resources sector has welcomed the Western Australian state government’s commitment to fast track approvals for major projects. Premier Mark McGowan on Friday announced that more than A$1.6-million would will be invested in cutting application wait times for major resource projects, unlocking... →

Lynas gets going on US project

By: Esmarie Iannucci 22nd January 2021 Australian rare earths major Lynas has reached an agreement with the US government to build a commercial light rare earths separation plant. The US Department of Defence in July last year told Lynas of its intent to award the company with a Phase 1 contract for a US-based heavy rare earths... →

Lake Wells EPA issues cleared

By: Esmarie Iannucci 22nd January 2021 The Western Australian Minister for Environment has resolved an appeal against the Environmental Protection Authority’s (EPA’s) approval of ASX-listed Australian Potash’s Lake Wells sulphate of potash (SoP) project. Australian Potash told shareholders on Friday that the Minister was satisfied... →

Dacian on target

By: Esmarie Iannucci 22nd January 2021 Gold miner Dacian Gold is on target to reach its full year production guidance for the 2021 financial year, despite reporting a slight drop in production for its December quarter. Gold production in the three months to December reached 27 162 oz, down from the 32 799 oz produced in the September... →

Lulo delivers for Lucapa

By: Esmarie Iannucci 22nd January 2021 Diamond miner Lucapa has reported a solid December quarter, with production from its Lulo mine, in Angola, increasing. The Lulo mine recovered 6 447 ct during the fourth quarter a 55% increase in the previous corresponding period, with grades recovered also increasing by 47%. →

2021 poised to be significant year of transition for SA’s energy and minerals sectors

By: Terence Creamer 22nd January 2021 This year could prove to be game changing for the long-term prospects and resilience of South Africa’s energy and minerals sectors. The electricity sector, which together with Eskom has sapped confidence and growth from the South African economy for more than a decade, should begin its slow... →

Alrosa sees strong demand for diamonds in Q1 after lower sales in 2020

By: Reuters 21st January 2021 Russian State-controlled diamond producer Alrosa sees strong global demand for diamonds in the first quarter of 2021 after its sales fell by 4% to 32.1-million carats in 2020 due to the coronavirus pandemic, it said on Thursday. Alrosa, the world's largest producer of rough diamonds, which... →

Global copper smelting rises in December, driven by China

By: Reuters 21st January 2021 Global copper smelting activity climbed in December, led by top producer China, while North America extended its decline as coronavirus cases surged, data from satellite surveillance of copper plants showed. Europe dipped slightly, but its copper smelting activity remained strong, satellite... →

Family men or forest destroyers? Meet the miners living off the Amazon's gold

By: Reuters 21st January 2021 One man working deep in Brazil's Amazon said he knows how to stop the illegal logging, gold mining, deforestation and fires plaguing the region: let President Jair Bolsonaro carry out his plans to develop the rainforest. "If people listen to him and believe in his ideas ... many of the... →

Eldorado Gold expands Abitibi footprint with C$132m acquisition

By: Simone Liedtke 21st January 2021 TSX-listed Eldorado Gold and TSX-V-listed QMX Gold have entered into a definitive agreement pursuant to which Eldorado will acquire all of the outstanding shares of QMX, not already owned by Eldorado, for about C$132-million on a 100% and fully diluted basis. Eldorado currently owns 68.1-million... →

The QMX acquisition broadens Eldorado's organic opportunities near Lamaque (pictured).

Calibre’s Pavon Norte delivers initial mill feed

By: Tasneem Bulbulia 21st January 2021 Canadian-listed gold mining and exploration company Calibre Mining has started openpit mining at the Pavon Norte mine in Nicaragua, and the mill feed has been delivered to the Libertad complex for processing, in accordance with the company’s hub-and-spoke operating philosophy. “I am extremely... →

Xtract raises £5m for exploration, project development

By: Simone Liedtke 21st January 2021 Brownfield mine developer Xtract Resources’ broker, Novum Securities, has conditionally raised £5-million, before expenses, following the placement of over 111-million ordinary shares. The placing shares represent 17.9% of the current issued ordinary share capital of Xtract. →

Cruz Cobalt to start operations at Ontario cobalt projects

By: Simone Liedtke 21st January 2021 Cobalt-focused Cruz Cobalt intends to start operations at its cobalt projects in Ontario, Canada. Cruz is one of the largest landholders in the historic silver/cobalt producing region of Cobalt, Ontario, and the company's projects are in the direct vicinity of TSX-V-listed Fuse Cobalt and... →

Griffith appointed CEO designate of Gold Fields

By: Creamer Media Reporter 21st January 2021 JSE- and NYSE-listed Gold Fields has appointed Chris Griffith CEO designate. Griffith will succeed Nick Holland with effect from April 1. Holland, who had been due to retire on September 30 after 13 years as CEO of the company, has agreed to retire six months earlier to facilitate the leadership... →

MRS tests new mobile rescue winder at South Deep

By: Marleny Arnoldi 21st January 2021 Nonprofit organisation Mines Rescue Services (MRS) on January 21 carried out test work of a new mobile rescue winder at Gold Fields’ South Deep mine, in Gauteng. The winder will be used to bring employees to surface in the event that normal processes do not work. →

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