R/€ = 18.00 Change: 0.05
R/$ = 14.80 Change: 0.12
Au 1866.01 $/oz Change: 10.70
Pt 1141.50 $/oz Change: 43.27

Mining News

Vedanta reopens Gamsberg zinc mine in South Africa

By: Reuters     18th January 2021 Vedanta Zinc International said on Saturday that mining has started again at its Gamsberg mine in South Africa following a closure in November when the pit wall collapsed, trapping miners underground. The company did not specify what capacity it is operating at. 

Weekly Coal Index Report

18th January 2021 Australian coal exporters have pivoted to target India, exporting almost 7 Mt to the country for 2020. With FOB Newcastle trading around $6/mt lower than RB1, this represents a clear threat to SA exporters. The other threat is of course Coal India’s ever-present plans to increase its own domestic... 

Weekly Coal Index Report

Colombian coal miner Drummond production, exports fell in 2020

By: Reuters     18th January 2021 Colombian coal producer Drummond saw production and exports fall 10.3% and 4.4% respectively in 2020, the company said on Friday, amid difficulties caused by the coronavirus pandemic. The coal miner produced 29.3-million tonnes of coal last year, compared with 32.6-million tonnes in 2019.... 

Outgoing Trump admin OKs land swap for Rio Tinto's Arizona copper mine

By: Reuters     18th January 2021 US President Donald Trump's outgoing administration approved a land swap on Friday for a Rio Tinto copper mine in Arizona that would boost domestic production of the red metal but destroy sites sacred to Native Americans. The US Forest Service published an environmental impact statement for the... 

Outgoing Trump admin OKs land swap for Rio Tinto's Arizona copper mine

SQM says relations with indigenous communities are improving

By: Reuters     18th January 2021 Chilean company SQM, the world's second largest lithium producer, has a priority commitment to the indigenous communities surrounding the Atacama salt flat, the firm's General Manager Ricardo Ramos said in an interview. According to the interview, published on Sunday in the newspaper La Tercera,... 

FLSmidth in talks to buy Thyssenkrupp's mining unit

By: Reuters     15th January 2021 FLSmidth is in negotiations with German engineering group Thyssenkrupp to acquire its mining business, the Danish mining equipment maker said on Friday. The negotiations are at a non-binding stage, FLSmidth said, and there can be no assurance as to their result. 

Coal price expected to average $100/t as China turns to South Africa for coal 

By: Martin Creamer     15th January 2021 China is buying South African coal at a time when analysts are forecasting a buoyant average coal price of $100/t for the first half (H1) of 2021. The purchase of South African coal by China follows Chinese relations with Australia deteriorating last year and imports of coal from Australia being... 

Coal price expected to average $100/t as China turns to South Africa for coal
Richards Bay Coal Terminal, from which South African coal is exported.

Manganese markets achieve good performance despite headwinds, reports LCIB

By: Tasneem Bulbulia     15th January 2021 Global manganese ore dispatches reached a new record of 42.93-million tonnes in 2020, the London Commodity Intelligence Bureau (LCIB) reports. Shipments were 3.1% higher year-on-year. 

Jubilee secures new investment

By: Marleny Arnoldi     15th January 2021 Aim- and AltX-listed Jubilee Metals has secured investment from two blue chip institutions, including one new to its share register. The company on January 15 announced a placing of new and existing ordinary shares representing 4.96% of the enlarged issued share capital of the company to meet... 

Shearwater developing SMR, hydrogen project in North Wales

By: Donna Slater     15th January 2021 UK-based hybrid clean energy company Shearwater Energy is developing a wind small modular reactor (SMR) and hydrogen production hybrid energy project in North Wales. The project will provide 3 GW of zero-carbon energy and is also expected to produce over three-million kilograms of green hydrogen... 

Law firm says ESG most prominent risk beyond pandemic resilience

By: Marleny Arnoldi     15th January 2021 International law firm White & Case says 45% of decisionmakers believe environmental, social and governance (ESG) issues will be the biggest risk to the mining and metals sector this year. The firm reports in its 'Mining and Metals 2021' survey that the global mining and metals sector is facing... 

Law firm says ESG most prominent risk beyond pandemic resilience

Fatou drilling to commence once funding finalised

By: Donna Slater     15th January 2021 Aim-listed gold and lithium explorer and developer Kodal Minerals has undertaken further field reconnaissance and planning of the maiden drilling programme at its Fatou project, in Mali, which will start as soon as possible and in line with a funding agreement being finalised. The company is... 

Indonesia to revise royalty rates on coal, gold in bid to boost revenue

By: Reuters     15th January 2021 Indonesia plans to adjust its royalty payment policies on sales of gold and coal in an effort to boost state revenues as prices of the two commodities recover, an official said on Friday. The world's top exporter of thermal coal expects a recovery in prices and exports this year after scoring a... 

Eastplats, Implats confirm provisional payment terms on offtake agreement

By: Marleny Arnoldi     15th January 2021 TSX- and JSE-listed Eastern Platinum’s (Eastplats’) subsidiary Barplats Mines has confirmed the provisional payment terms of the first delivered shipment of pressed filter cake platinum group metals (PGM) concentrate under an offtake agreement between Barplats and Impala Platinum (Implats).... 

Edenville agrees revised repayment schedule with Lind

By: Tasneem Bulbulia     15th January 2021 Aim-listed Edenville Energy has agreed a revised repayment schedule with Lind Partners, following constructive dialogue with the company regarding the repayment terms of its outstanding funding agreement with Lind. As announced on October 6, 2020, Lind requested Edenville repay the total... 

Minerals Council says industry committed to help accelerate vaccine roll-out 

By: Marleny Arnoldi     15th January 2021 The Minerals Council South Africa has pledged its support for government’s vaccine rollout programme, stating that access to an effective vaccine will help reopen the economy and save lives and livelihoods. The council’s members, alongside Business Unity South Africa and Business for South... 

Minerals Council says industry committed to help accelerate vaccine roll-out
Minerals Council president Mxolisi Mgojo

Exxaro appoints independent nonexecutive director

By: Donna Slater     15th January 2021 Diversified miner Exxaro’s board of directors has approved the appointment of independent nonexecutive director Chanda Nxumalo, effective February 1. She has 15 years of experience in the renewable energy and power sector, having worked across North America and Europe gaining experience in... 

High Court limits diesel refund claims for mining activities, tax associate says

By: Tasneem Bulbulia     15th January 2021 A recent High Court judgment Graspan Colliery v The Commissioner for the South African Revenue Services (could have significant implications for mining operators and their ability to claim diesel refunds, Baker McKenzie Johannesburg Tax Practice associate Prenisha Govender says.   The judgment... 

Predictive maintenance an investment priority for miners, says GlobalData

By: Tasneem Bulbulia     15th January 2021 The drive to improve productivity and reduce downtime will lead to further investment by mining companies, large and small, in predictive maintenance for both plant and mobile equipment in the next two years, says data and analytics company GlobalData. A mine-site survey conducted by the company... 

New Gold hits mid-range of guidance, expects more cash flow this year

By: Marleny Arnoldi     15th January 2021 TSX- and NYSE-listed New Gold has achieved the mid-range of its revised 2020 production guidance at 293 139 oz of gold, 636 952 oz of silver and 71-million pounds of copper. The company had adjusted its yearly guidance for 2020 to between 284 000 oz and 304 000 oz of gold.  

Bluejay and Rio Tinto finalise Enonkoski JV conditions

By: Donna Slater     15th January 2021 The remaining conditions of a joint-venture (JV) and earn-in agreement between Aim- and FSE-listed exploration and development company Bluejay Mining and Rio Tinto Mining and Exploration, for the Enonkoski project have been met. Announced on November 10, 2020, the JV and earn-in agreement has... 

Vulcan shows its carbon neutral hand

By: Esmarie Iannucci     15th January 2021 A prefeasibility study (PFS) into ASX-listed Vulcan Energy’s Zero Carbon lithium project, in Germany, has demonstrated the potential to develop a cutting edge combined renewable energy and lithium hydroxide project with a net zero carbon footprint. Vulcan is proposing to draw on naturally... 

Euro Manganese advances Czech project to next permitting stage

By: Marleny Arnoldi     15th January 2021 TSX-V-listed Euro Manganese says the Czech Ministry of Environment has completed a six-month screening of the company’s preliminary environmental impact assessment for the Chvaletice manganese project. The project is intended to recycle waste from a decommissioned mine in Czech Republic to... 

Eldorado adopts gradual output increase plan up to 2025

By: Marleny Arnoldi     15th January 2021 Canadian miner Eldorado Gold Corporation has set its gold production target at between 430 000 oz and 460 000 oz for the year, as well as next year, before building up to between 510 000 oz and 540 000 oz by 2025. The company produced 528 874 oz in 2020, against a production guidance of between... 

Lucara recovers 341 ct diamond at Karowe

By: Creamer Media Reporter      15th January 2021 Diamond miner Lucara Diamond Corp has recovered an unbroken 341 ct top white gem-quality diamond from its Karowe mine, in Botswana. The diamond was recovered over the holiday period from milling of ore sourced from the south-western quadrant of the South Lobe M/PK(S) unit.  

Lucara recovers 341 ct diamond at Karowe

Centerra 2020 production beats guidance

By: Donna Slater     15th January 2021 Canadian gold miner Centerra Gold has exceeded the upper end of its consolidated gold production guidance, with output of 824 059 oz in 2020. The Kumtor mine, in Kyrgyzstan, produced 56 136 oz, the Mt Milligan mine, in Canada produced 161 855 oz and the Öksüt mine, in Turkey, produced 106 068 oz.  

BHP puts up wind fence in WA

By: Esmarie Iannucci     15th January 2021 Mining major BHP plans to construct a wind fence at Finucane Island, as part of its Pilbara Air Quality Program. The fence would be the first of its kind in Australia, and would be designed for the Pilbara’s unique weather conditions, said BHP Port GM Nilson Davila. “We recognise we have a... 

Blackstone to spin out noncore gold

By: Esmarie Iannucci     15th January 2021 ASX-listed Blackstone Minerals on Friday announced plans to spin-out certain of its non-core gold assets into a newly listed vehicle called Codrus Minerals. “The Codrus spin-out will see a dedicated management team focused on driving value into Blackstone’s non-core assets. Codrus will provide... 

First Cobalt upsizes offering

By: Creamer Media Reporter      15th January 2021 Toronto-headquartered First Cobalt has upsized its bought-deal offering to C$8.5-million, with the proceeds set to be used for its cobalt refinery in Ontario. The company entered into an amended agreement with lead underwriter and sole bookrunner Eight Capital to purchase 27.42-million units on... 

Peninsula starts US share trading

By: Esmarie Iannucci     15th January 2021 Uranium miner Peninsula Energy has opened its share base to North American traders with a listing on the US over the counter (OTC) Pink Market. The ASX-listed company said on Friday that it would pursue upgrade its OTC market tier to the OTCQB Venture Market.  

Work starts at Wickepin

By: Esmarie Iannucci     15th January 2021 Building works has started at the Wickepin kaolin project, in Western Australia, ASX-listed WA Kaolin reported on Friday. “Our 2021 work programme has already commenced in earnest with the arrival of the crew and equipment to proceed with the initial building works of the kaolin production... 

Resolute readies for 2021

By: Esmarie Iannucci     15th January 2021 Gold miner Resolute Mining has set a production target of between 350 000 oz and 375 000 oz for the 12 months to December, which was below the 395 136 oz achieved in the 2020 calendar year. All-in sustaining costs for the 2021 calendar year are expected to reach between $1 200/oz and $1 275/oz,... 

Resolute readies for 2021

Rio Tinto enters scandium market with Canada plant

By: Mariaan Webb     15th January 2021 Diversified major Rio Tinto is set to become North America’s first producer of scandium oxide, with the construction of a commercial scale demonstration plant at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec. Rio Tinto is investing$6-million in the construction... 

Judge denies Native American request to block study linked to Rio copper mine

By: Reuters     15th January 2021 A US judge on Thursday denied a request by Native Americans to block the Trump administration from publishing an environmental study that would trigger a land swap needed by Rio Tinto to build a copper mine in Arizona. The ruling is a blow to the San Carlos Apache tribe and others who have long... 

Judge denies Native American request to block study linked to Rio copper mine
A view of the future block cave mine planned by Rio Tinto in the Tonto National Forest near Superior, Arizona.

Worker missing after bulldozer falls through icy pond at Suncor oil sands plant

By: Reuters     15th January 2021 A worker is missing at Suncor Energy's oil sands base plant in northern Alberta after a bulldozer fell through ice on a disused tailings pond, the company said on Thursday. It is the second serious incident at a Suncor plant in three weeks. On December 28 two workers were killed at the company's... 

Codelco to ratchet up precautionary measures as Covid-19 cases rise

By: Reuters     15th January 2021 Chile's State-owned Codelco, the world's largest copper producer, said on Thursday it would once again ratchet up precautionary measures against the coronavirus at its mines amid a recent uptick in infections in the South American nation. The measures, which include a reduction in personnel,... 

Codelco to ratchet up precautionary measures as Covid-19 cases rise

Doubts cloud BHP's Cerro Colorado mine after Chilean court ruling

By: Reuters     15th January 2021 The operations of global miner BHP's Cerro Colorado copper mine in water-parched northern Chile have been thrown into doubt after the country's Supreme Court upheld local indigenous communities' complaint about the project's water use. The court ruled late on Wednesday night that a routine... 

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