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Mining News

US uranium production slumped 89% last year

By: Mariaan Webb     20th May 2020 US uranium concentrate production slumped 89% last year, to 174 000 lb of U3O8, according to information by the US Energy Information Administration (EIA). This is a sharp decrease from the 4.89-million pounds a year that the US produced five years earlier. The EIA report comes about a month... 

Gazetted Covid guideline restates much of what mining has already adopted 

By: Martin Creamer     20th May 2020 The newly gazetted guideline to prevent, mitigate and manage the Covid-19 pandemic on mines is largely a restatement of what has already been adopted by the mining industry. Most of the requirements of the code of practice (COP) mandated in the gazette already form part of the standard operating... 

Gazetted Covid guideline restates much of what mining has already adopted
ENSafrica executive consultant Willem le Roux

Rio Tinto to start drilling for copper in northern Saskatchewan

By: Marleny Arnoldi     20th May 2020 TSX-V-listed Forum Energy Metals has announced the 2020/21 exploration plans on its Janice Lake sedimentary copper/silver project, in northern Saskatchewan, Canada. Forum’s joint venture (JV) partner, Rio Tinto Exploration Canada, has submitted a permit application for the new 2 000 m diamond... 

Two employees at Harmony’s Kalgold mine test positive for Covid-19 

By: Simone Liedtke     20th May 2020 Two employees at Harmony Gold Mining Company’s Kagold gold mine, in the North West, have tested positive for Covid-19. The individuals, both of whom were asymptomatic, were identified as positive through the company’s testing process, which is conducted in collaboration with the Department of... 

Two employees at Harmony’s Kalgold mine test positive for Covid-19
Kalgold gold mine, in the North West

Pandemic disrupts jewellery business, but recovery on the cards

By: Simone Liedtke     20th May 2020 The drivers for platinum jewellery business growth in 2019 point the way to a post-Covid-19 recovery, the Platinum Guild International’s (PGI’s) 2020 'Platinum Jewellery Business Review (PJBR)' has found. The  PJBR surveys more than 1 000 manufacturers and retailers and more than 4 000 consumers,... 

Sulphur squeeze spells trouble for Congo's copper, cobalt miners

By: Reuters     20th May 2020 Disruptions caused by the coronavirus crisis have pushed up prices for sulphur by about 10% this year in the Democratic Republic of Congo, driving up costs of a vital ingredient for mining cobalt and copper in the African nation. Coronavirus lockdowns and border closures in South Africa and parts... 

NUM also wants govt to temporarily close mines, test all employees in Limpopo

By: Marleny Arnoldi     20th May 2020 The National Union of Mineworkers (NUM) North East Region branch, in Limpopo, has called for a temporary closure of all mines in the province, but still wants mining companies to pay their workers in full. This follows after two mines near Burgersfort recorded a number of positive Covid-19... 

NUM also wants govt to temporarily close mines, test all employees in Limpopo

Covid prevention a must at mines – gazette 

By: Martin Creamer     20th May 2020 Covid-19 prevention, mitigation and management programmes must be established at mines using the guideline gazetted by Chief Inspector of Mines David Msiza on Tuesday. The gazette notice states that this guideline provides minimum requirements for the compilation of a code of practice to prevent... 

Covid prevention a must at mines – gazette
Photo by Creamer Media
Chief Inspector of Mines David Msiza

Zambia partners with Array Metals to process gold

By: Reuters     20th May 2020 Zambia's state mining investment company ZCCM Investments Holdings (ZCCM-IH) has entered into a joint venture with mining services firm Array Metals to process production from a gold deposit, the company said in a statement on Wednesday. Africa's second-largest copper producer, Zambia is trying... 

ioneer moves forward with Rhyolite Ridge

By: Esmarie Iannucci     20th May 2020 Lithium developer ioneer has submitted an application for a class 2 air quality permit for its Rhyolite Ridge lithium/boron project, in Nevada. The ASX-listed company on Wednesday said that the project would operate under the jurisdiction of the Nevada division of Environmental Protection, the... 

Barrick’s Japan alliance starts exploration

By: Mariaan Webb     20th May 2020 A large regional exploration programme under the alliance that gold major Barrick formed with TSX-V-listed junior Japan Gold has begun. Barrick and Japan Gold announced their alliance in February this year. Barrick CEO Mark Bristow recently said that the group was interested in Japan, which has... 

Barrick’s Japan alliance starts exploration

Technology Metals flags possible JV at Gabanintha

By: Esmarie Iannucci     20th May 2020 ASX-listed Technology Metals has inked a memorandum of understanding (MoU) with China’s Big Pawer Electrical Technology Xiangyang Inc over a possible joint venture (JV) to produce vanadium electrolyte and vanadium redox flow battery (VRFB) manufacturing in Australia. The MoU establishes a... 

PanTerra unveils Cuban plans

By: Esmarie Iannucci     20th May 2020 The Cuban government has approved a joint venture (JV) between state mining company Geo Minera SA and ASX-listed PanTerra Gold Investments, which will allow for the development of the La Demajagua gold/silver deposit. PanTerra on Wednesday told shareholders that subject to successful... 

Wallbridge intersects 70.84 g/t at Fenelon

By: Mariaan Webb     20th May 2020 Shares in Canada’s Wallbridge Mining gained on Tuesday, as the company announced “exceptional” drilling results at its Fenelon gold property, including 70.84 g/t gold over 5.35 m. The results come from definition drilling outlining high-grade shoots at shallow depths adjacent to the existing mine... 

Sprott backs C$15m Pure Gold investment

By: Mariaan Webb     20th May 2020 Dual-listed Pure Gold, which will pour first gold in Red Lake, Ontario this year, is raising C$15-million for exploration, the company announced on Wednesday. Pure Gold will issue 9 868 421 charity flow through common shares at C$1.52 a share. Canadian investor Eric Sprott, who is a strong... 

Qld Parliament passes mining manslaughter laws

By: Esmarie Iannucci     20th May 2020 The Queensland Parliament has passed mine safety legislation that would see mining executives facing up to 20 years’ jail if fatalities occurred because of criminal negligence. Mines Minister Dr Anthony Lynham said establishing industrial manslaughter as an offence in mines and quarries was... 

Newcrest's Cadia water woes alleviated

By: Esmarie Iannucci     20th May 2020 Gold miner Newcrest Mining on Wednesday assured shareholders that its Cadia operation, in New South Wales, would have sufficient water to ensure that production was not constrained by a water shortage, for at least the next two years. Previous internal modeling had indicated that if rainfall had... 

Australian Vanadium secures water in WA

By: Esmarie Iannucci     20th May 2020 ASX-listed Australian Vanadium has inked a cooperation and assistance agreement with gold miner Westgold Resources providing water for the Australian Vanadium project, in Western Australia. Westgold’s Meekatharra gold operations, which is near the Australian Vanadium project, comprises several... 

Rio starts exploration in Utah

By: Esmarie Iannucci     20th May 2020 Mining major Rio Tinto’s subsidiary Kennecott is poised to start exploration work at ASX-listed Alderan Resources’ Frisco copper/gold/silver project, in Utah. Kennecott will spend an initial $6-million on exploration at the project area to gain a 55% interest in the project, with the company... 

Dubbo demerger forges ahead

By: Esmarie Iannucci     20th May 2020 The share price of ASX-listed Alkane Resources rose by nearly 11% on Wednesday as plans to progress the demerger of its subsidiary Australian Strategic Materials (ASM) progressed. Alkane on Wednesday said that the company’s board has resolved to progress the demerger of ASM, which holds the... 

Dubbo demerger forges ahead

Mining companies rush to shield indigenous communities from coronavirus

By: Reuters     20th May 2020 Big mining companies that rely on indigenous workforces or operate near remote communities have acted fast to curb the spread of the coronavirus and avoid a public health crisis that could damage their reputations. From Australia's outback to Canada's Arctic wilderness to the Andes, mining firms... 

Mining companies rush to shield indigenous communities from coronavirus

Brazil mining sector will quickly bounce back after Covid-19 disruption – Ibram

By: Reuters     20th May 2020 Brazil's mining sector is likely to be the first to rebound from the economic shock of the coronavirus outbreak due to large iron-ore capacity and already-growing demand from China, the president of industry association Ibram told Reuters. Nonetheless, Flávio Penido said there could be a... 

Newmont issues new 2020 guidance, lowers capex

By: Mariaan Webb     19th May 2020 US-based gold major Newmont has issued a new production guidance for 2020, as it began ramping up operations at four sites that were previously placed in care-and-maintenance. CEO Tom Palmer reported in a media statement on May 19 that 13 sites of Newmont's14 operating mines and joint ventures... 

Newmont issues new 2020 guidance, lowers capex
The Musselwhite mine , in Canada, is the only Newmont operation that remains on care-and-maintenance.

Mining production up in February, stats yet to show Covid-19 impact

By: Donna Slater     19th May 2020 Statistics South Africa (Stats SA) reports that mining production increased by 7% year-on-year in February, with the largest positive the coal sector, which contributed 13.7%, followed by platinum group metals (PGMs) with 8.7% and gold with 11.5%. However, asset management company Investec noted... 

Giyani to raise funds

By: Tasneem Bulbulia     19th May 2020 TSX-listed Giyani Metals is undertaking a nonbrokered private placement of units to raise up to $1.2-million in immediately available new funding. Moreover, certain of the shares for debt transactions originally announced on May 6 have been approved by the TSX Venture Exchange and have now closed. 

McEwen posts nearly $100m quarterly loss on Gold Bar impairment

By: Mariaan Webb     19th May 2020 Canadian gold miner McEwen Mining has taken an impairment charge of $83.8-million for the Gold Bar mine, in the, US, citing a change in the geological interpretation that resulted in a substantial reduction in expected gold output over its life of mine. The impairment charge resulted in McEwen... 

McEwen posts nearly $100m quarterly loss on Gold Bar impairment
The Gold Bar mine, in Nevada.

Sabina raises C$49m to advance Back River gold project development

By: Simone Liedtke     19th May 2020 Emerging precious metals company Sabina Gold and Silver has entered into an agreement with a syndicate of underwriters to raise C$49-million, which it would use to advance the Back River gold project, in Nunavut. Led by BMO Capital Markets and RBC Capital Markets, the underwriters have agreed to... 

Canadian ‘Mining Cares’ initiative raises over $190 000 for Covid-19 emergency relief

By: Simone Liedtke     19th May 2020 Not-for-profit organisation Young Mining Professionals (YMP) Toronto’s “Mining Cares” initiative has raised $190 420 for the United Way Greater Toronto (UWGT) Covid-19 Emergency Relief Fund. Donors of YMP raised $95 210, with YMP matching the first $5 000 of donations. 

Yamana’s mineral extension drilling in South America continues to bear fruit

By: Marleny Arnoldi     19th May 2020 TSX- and NYSE-listed Yamana Gold says exploration drilling results at two of its mines – Jacobina, in Brazil, and El Peñón, in Chile – continue to show growth in mineral reserves and mineral resources. Yamana says exploration at Jacobina in the second half of last year and through the first... 

Mandatory code of Covid mining practice gazetted 

By: Martin Creamer     19th May 2020 South Africa's guidelines for a mandatory Code of Practice (COP) to mitigate and manage the Covid-19 pandemic in the mining industry have been gazetted. Failure by employers to prepare and implement a mine's COP in line with the guidelines would constitute a criminal offence and a breach of the... 

Mandatory code of Covid mining practice gazetted
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Sibanye-Stillwater to hold AGM electronically

By: Martin Creamer     19th May 2020 Precious metals mining company Sibanye-Stillwater on Tuesday announced the logistical arrangements for an electronically conducted annual general meeting (AGM) later this month. The Johannesburg- and New York-listed company, headed by CEO Neal Froneman, provided detailed steps for shareholders to... 

Sibanye-Stillwater to hold AGM electronically
Photo by Creamer Media's Donna Slater
Silbanye-Stillwater CEO Neal Froneman

Jubilee relocates chrome plant to maximise earnings 

By: Simone Liedtke     19th May 2020 Aim- and AltX-listed metals processing company Jubilee Metals will relocate its fine chrome operation from the Dilokong chrome mine (DCM) to the group’s larger Inyoni or Windsor operations in South Africa. Jubilee on May 19 said the move would optimise group earnings. 

Arc raises stake in Zaco to 72.5%

By: Tasneem Bulbulia     19th May 2020 Aim-listed Arc Minerals has acquired a further 20% interest in Zaco Investments, which owns the Zaco exploration licence, in Zambia. Arc now owns 72.5% of Zaco Investments' shares, with the balance held by Kopara Investments − Arc's partner at Zamsort. 

Australia commits A$2bn to climate change battle

By: Esmarie Iannucci     19th May 2020 The Australian resources and oil and gas sectors have welcomed the recommendations made in the King Review as well as the government’s commitment to a A$2-billion Climate Solutions Fund. The King Review which was commissioned in October of last year to identify new opportunities to unlock low... 

South African platinum coin sold out as global coin demand skyrockets 

By: Martin Creamer     19th May 2020 The initial minting of the new South Africa platinum coin has been an instant success as demand for platinum coins skyrockets worldwide. The 1 oz Elephant platinum bullion coin, which made its debut in March as part of a Big Five platinum bullion coin series, is completely sold out, World... 

South African platinum coin sold out as global coin demand skyrockets
South Africa's new platinum coin has been an instant success.

Byron Energy raises cash

By: Esmarie Iannucci     19th May 2020 Oil and natural gas explorer Byron Energy has raised A$16-million through a share placement, with the company hoping to raise a further A$4-million through a share purchase plan (SPP). Byron will place around 123.1-million shares, at a price of 13c each, in two tranches. 

Azure to restart Mexican exploration

By: Esmarie Iannucci     19th May 2020 ASX-listed Azure Minerals will resume silver and gold exploration in Mexico from June, after the Mexican government tapped the mining and exploration industry as an ‘essential service’ amid the Covid-19 pandemic. Azure on Tuesday said the resumption of activities was conditional upon the... 

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