R/€ = 17.33 Change: 0.07
R/$ = 14.78 Change: 0.06
Au 1777.86 $/oz Change: 17.57
Pt 963.50 $/oz Change: 40.50

Mining News

Bauba CEO resigns

By: Simone Liedtke     15th September 2021 Nick van der Hoven has resigned as CEO of JSE-listed Bauba Resources. The company reported on September 15 that Frederick Geldenhuys had also resigned as independent nonexecutive director. 

Coalition plans marches in pursuit of a just transition

By: Simone Liedtke     15th September 2021 Youth leaders, civil society groups, trade unions and grassroots movements under the Climate Justice Coalition have expressed dissatisfaction with the Department of Mineral Resources and Energy (DMRE) and will, as a result, hold planned nationwide marches, it said on September 15. The coalition... 

Glencore appoints new independent nonexec director

By: Creamer Media Reporter      15th September 2021 Diversified miner Glencore has appointed David Wormsley independent nonexecutive director, with immediate effect. He had a 35-year career at Citigroup (originally Schroders), culminating in his appointment as chairperson of UK banking and broking, before retiring earlier this year. 

China calls for better reporting of mineral reserves for energy security

By: Reuters     15th September 2021 China has asked local governments and major oil companies to conduct a thorough survey of their mineral reserves as it seeks to provide more "dynamic" updates on the country's mineral wealth for the sake of its energy and economic security. The Ministry of Natural Resources urged provinces,... 

Saudi Arabia ‘very much open for business’, official tells mining event

By: Creamer Media Reporter      15th September 2021 Saudi Arabia is “very much” open for business, Vice-Minister of Mining Affairs Khalid Al-Mudaifer told the MINExpo International this week, outlining opportunities for investors, explorers, miners and service providers. Saudi has singled out mining to become the third pillar of the country’s... 

CAML exploring avenues to reduce emissions

By: Mariaan Webb     15th September 2021 London-listed Central Asia Metals (CAML) is exploring avenues to reduce emissions at its mines in North Macedonia and Kazakhstan, as the company continues working towards developing a climate change strategy. CAML, which on Wednesday announced interim results, said that it had negotiated to... 

An image of the Sasa operations in North Macedonia.
Sasa operations in North Macedonia

Solar power set to reduce Pan African’s reliance on Eskom by 30%   

By: Martin Creamer     15th September 2021 The generation of solar power by top-performing gold mining company Pan African Resources is expected to lower reliance on power utility Eskom by 30%, Pan African CEO Cobus Loots said on Wednesday, when the London Aim- and JSE-listed company reported record profit after tax and proposed its... 

Screenshot by Creamer Media
The generation of solar power by top-performing gold mining company Pan African Resources is expected to lower reliance on power utility Eskom by 30%

Ibhubesi Capital to take majority interest in Union Atlantic

By: Donna Slater     15th September 2021 JSE-listed base and technology metals miner Union Atlantic Minerals reports that the subscription of 194.36-million shares by investment company Ibhubesi Capital, has been implemented, with Ibhubesi providing a written undertaking to pay, by no later than September 30, a deposit in escrow of... 

Resources Watch  

15th September 2021 This week: Platinum demand strengthening; Shut Nkomati Nickel has good-grade, long-life underground potential; and, Botswana copper miner Khoemacau giving attention to ESG silver lining 

Resources Watch image
Resources Watch

FirstRand to end funding for new coal mines, power plants

By: Reuters     15th September 2021 South Africa's FirstRand will end funding for new coal-fired power stations and coal mines and has lowered the cap on its coal exposure as part of moves to reach net-zero emissions by 2050, it said on Wednesday. South Africa's banks are the biggest on the continent, with the likes of FirstRand... 

Talon announces high grades at Minnesota nickel project

By: Creamer Media Reporter      15th September 2021 Toronto-listed Talon Metals on Wednesday announced record grades at its Tamarack nickel/copper/cobalt project, in Minnesota, with VP for exploration Brian Goldner saying that the project could be a vital source for the US electric vehicle battery supply chain. “Grade is ‘king’ in mining, and our... 

i-80 initiates test mining at Granite Creek

By: Mariaan Webb     15th September 2021 Nevada-focused i-80 Gold on Tuesday announced that it had begun an underground test mining programme at its high-grade Granite Creek mine, in Humboldt county, with the goal of making a production decision. Underground drilling and advancements at Granite Creek would be focused on delineating... 

Pan African reports record profit, proposes highest ever dividend  

By: Martin Creamer     15th September 2021 Gold mining company Pan African Resources on Wednesday reported record after-tax-profit, higher gold production and proposed its highest ever dividend. In the 12 months to June 30, the company, headed by CEO Cobus Loots, recorded a 12.4% increase in group gold production to 201 777 oz, a 36%... 

Creamer Media picture of Pan African CEO
Gold mining company Pan African Resources on Wednesday reported record after-tax-profit, higher gold production and proposed its highest-ever dividend.

Mining companies launch International Mining Safety Hub to help reduce fatalities 

By: Creamer Media Reporter      15th September 2021 Various large mining companies have joined hands to launch the International Mining Safety (IMS) Hub – an online hub of industry-endorsed visual safety tools that allow for greater learning opportunities and improved safety for all levels of employees. "This is a collaboration by industry, for... 

A photo of a mineworker in a South African underground mine

Jubilee completes three transactions to expand Zambia tailings projects

By: Donna Slater     15th September 2021 Aim- and AltX-listed metals processing company Jubilee Metals Group has made significant further progress at its copper and cobalt tailings projects, in Zambia, with the successful execution of three strategic transactions. The transactions, worth a combined $24.77-million, include the Kitwe... 

Keliber enlarges ore reserves by 32%

By: Donna Slater     15th September 2021 Finland-based battery metal and chemical producer Keliber reports that its ore reserves estimate has been updated, as of August 31, increasing by 32% to 12.3-million tonnes of lithium from the previous estimate of 9.37-million tonnes. JSE- and NYSE-listed precious metals miner Sibanye-Stillwater... 

GBM raises cash for Twin Hills buy

By: Esmarie Iannucci     15th September 2021 Junior GBM Resources will raise A$7.4-million in a share placement to institutional and sophisticated investors. The company would place some 70-million shares, at a price of 10c each, under its existing placement capacity, while directors Peter Mullens and Peter Rohner have indicated that they... 

BHP has secured nonbinding MoUs for Jansen output

By: Mariaan Webb     15th September 2021 Nonbinding memorandums of understanding (MoUs) with major importers are in place for up to 100% of the future production of the massive Jansen potash project, which diversified major BHP is building in Saskatchewan, Canada. The agreements are typically with major buyers across South and Central... 

An image of a shaft with the setting sun

Golden Rim shakes the tin

By: Esmarie Iannucci     15th September 2021 ASX-listed Golden Rim Resources will raise A$6-million in a share placement to advance exploration at its Kada gold project, in Guinea. The company on Wednesday announced that it would undertake a two tranche share placement, with the first tranche consisting of 625 000 shares, at a price of... 

Rio and Caterpillar join forces on zero emissions haul trucks

By: Esmarie Iannucci     15th September 2021 Diversified major Rio Tinto has signed a memorandum of understanding with Caterpillar to advance the development of zero-emissions autonomous trucks. For use at Rio’s Western Australian mining operations. The collaboration will see Rio Tinto work with Caterpillar to advance the development of... 

Govt calls for comment on GHG storage

By: Esmarie Iannucci     15th September 2021 The federal government has called for public input on the five potential areas for the 2021 offshore greenhouse gas (GHG) storage acreage release. Minister for Resources and Water Keith Pitt said the acreage release provides opportunities for companies to explore for sites which have the... 

South-eastern Aus open for exploration - Minister

By: Esmarie Iannucci     15th September 2021 The A$225-million the Exploring for the Future program is expected to provide an unprecedented snapshot of the mineral, energy and groundwater potential of south-eastern Australia, Minister for Resources and Water Keith Pitt said. Geoscience Australia recently conducted a large airborne... 

Qld gets ready for first vanadium mine

By: Esmarie Iannucci     15th September 2021 The Queensland government has approved the mining license for the state’s first vanadium mine, green-lighting Multicom Resources’ A$250-million Saint Elmo project, near Julia Creek. “I congratulate Multicom as the first cab off the rank in an exciting new era for Queensland’s resources sector,... 

Image shows a close-up of broken core samples

Miner dies in Qld coal mine

By: Esmarie Iannucci     15th September 2021 Mining contractor Mastermyne on Wednesday confirmed that a worker was fatally injured in an underground incident at the Gregory Crinum coal mine, in Queensland. News services reported overnight that one man had died and two others had been taken to hospital after a section of the Sojitz-owned... 

Poseidon reports maiden resource at Silver Swan tailings

By: Esmarie Iannucci     15th September 2021 Nickel developer Poseidon Nickel has reported a 675 000 t Joint Ore Reserves Committee compliant mineral resource estimate for the Silver Swan tailings, in Western Australia. Grading at 0.92% nickel and 683 parts per million cobalt, the tailings are estimated to contain some 6 200 t of nickel... 

New Century prices up in-situ opportunities

By: Esmarie Iannucci     15th September 2021 An in-situ feasibility study at the Century zinc mine, in Queensland, has supported the development of in-situ operations alongside the current tailings operations. ASX-listed New Century Resources on Wednesday reported that the study investigated the incorporation of Silver King and East Fault... 

Mining production up 10.3% y/y in July

By: Donna Slater     14th September 2021 Statistics South Africa (Stats SA) reports that production from South Africa’s mining industry increased by 10.3% year-on-year in July, with the largest contributors being the production of iron-ore, which was up by 42.9%, contributing 3.9 percentage points to the overall tally. Platinum group... 

China backs Congo's ban on six small Chinese mining companies

By: Reuters     14th September 2021 China gave its backing on Tuesday to a Congolese provincial government's order last month banning six small Chinese-owned mining companies operating illegally. The move comes as Democratic Republic of Congo's President Felix Tshisekedi increases scrutiny of Chinese mining activities, reviewing a... 

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

DRDGold’s Pretorius highlights rising importance of ESG for miners

By: Marleny Arnoldi     14th September 2021 Gold producer DRDGold CEO Niël Pretorius told investment firm CX Investments in an interview that investors were becoming more supportive of projects that may not necessarily have vast economic upside, but that will deliver in terms of environmental or social value-add. He explained that the... 

Pan African appoints new nonexec director

By: Donna Slater     14th September 2021 Aim- and JSE-listed midtier gold producer Pan African Resources reports that independent nonexecutive director and audit and risk committee chairperson Hester Hickey has resigned with effect from September 16. She will be succeeded by Dawn Earp, subject to the satisfactory completion of certain... 

An image of chartered accountant Dawn Earp
Photo by Creamer Media
Incoming Pan African Resources independent nonexecutive director and audit and risk committee chairperson Dawn Earp

African Rainbow Capital’s portfolio expands on back of fair value gains

By: Donna Slater     14th September 2021 JSE-listed African Rainbow Capital’s (ARC’s) intrinsic portfolio value increased by 16.3% from R10.55-billion as at June 30, 2020, to R12.27-billion as at June 30, this year. Net fair value gains accounted for R909-million of the increase and net investments for the remaining R810-million... 

Zambia says it will restore 'sanity' to rattled mining sector

By: Reuters     14th September 2021 Zambia's newly-appointed mines minister said on Tuesday that the government will ensure stability and predictability in the mining sector, seeking to allay fears of royalty hikes. Paul Kabuswe also said the government must root out corruption in mining, which is the engine of Zambia's economy. 

Hydrogenious raises €50m to scale, commercialise hydrogen storage tech

By: Tasneem Bulbulia     14th September 2021 Cleantech company Hydrogenious LOHC Technologies has raised a further €50-million to scale and commercialise its technology. The oversubscribed funding round was led by JERA Americas, alongside Temasek, with Chevron Technology Ventures and Pavilion Capital investing for the first time. 

Mining industry lost 23 000 jobs between 2012 and 2019 – Stats SA

By: Tasneem Bulbulia     14th September 2021 About 23 000 jobs were lost in the mining sector between 2012 and 2019, a mining industry report compiled by Statistics South Africa (Stats SA) shows. The biggest losses in jobs were recorded in the mining of gold at 42 000 and platinum group metals (PGMs) at 8 000, Stats SA said in a September... 

Another Minister comes and goes without a Kallak decision 

By: Creamer Media Reporter      14th September 2021 London-listed Beowulf Mining faces the prospect of having to engage with a third Minister over the development of its Kallak iron-ore project, in Sweden, following the announcement last week that Enterprise Minister Ibrahim Baylan would retire. Beowulf CEO Kurt Budge said in a letter addressed... 

Net-zero goal could be new ‘shared vision that binds’ South Africa 

By: Terence Creamer     14th September 2021 A just transition towards net-zero carbon emissions by 2050 offers significant opportunities for a new growth path built on green industrialisation and could provide the anchor for a new “shared vision that binds us”, former Deputy Finance Minister and State Capture whistle-blower Mcebisi Jonas... 

Photo of Mcebisi Jonas
Photo by Creamer Media
Mcebisi Jonas
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