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Mining News

Pueblo Viejo helps lift Barrick quarterly output

By: Mariaan Webb     15th January 2021 Bullion major Barrick Gold produced more gold in the fourth quarter at a lower all-in sustaining cost (AISC) as its Pueblo Viejo mine, in the Dominican Republic, delivered a strong performance. Fourth-quarter output was also helped by the ramp-up of operations at Bulyanhulu, in Tanzania, and... 

AMCU 'dismayed' at mining fatalities

By: Donna Slater     14th January 2021 The Association of Mineworkers and Construction Union (AMCU) reports its “dismay” following the fatality of a mineworker and the injury of another, reportedly at Harmony Gold's Bambanani shaft, in the Free State, on January 13. This, reports AMCU, is on the back of a previous fatality at... 

Hemlo Explorers starts drilling at Ontario project

By: Simone Liedtke     14th January 2021 TSX-V-listed Hemlo Explorers has started drilling at its North Limb project, about 15 km north of the Hemlo mine in Ontario. The drill campaign is set to start with a minimum of 10 000 m in about 20 drill holes. 

Atalaya achieves new production record

By: Simone Liedtke     14th January 2021 Dual-listed Atalaya Mining has achieved a new production record of 55 890 t of copper in 2020, with the year’s guidance met, notwithstanding the operating challenges and mandatory stopping in April as a result of Covid-19 restrictions. Copper production in the fourth quarter exceeded the guidance... 

Jubilee reports record earnings of £28m

By: Marleny Arnoldi     14th January 2021 Aim- and AltX-listed Jubilee Metals’ operational earnings for the second half of last year increased by a record 123% to £28.4-million, compared with the first half of the year. In rand terms, it was a 126% increase to R603-million between the two six-month periods.  

West Africa-focused Capital continues to build regional platform

By: Simone Liedtke     14th January 2021 West Africa remains a growth area for LSE-listed Capital, which continues to build its platform in the region, with new rigs arriving during the first quarter of the year, as well as the long-term contract secured with Firefinch in Mali and an expansion of operations into Guinea. As the new year... 

More sales of South African coal to China expected as prices rise

By: Martin Creamer     14th January 2021 About 600 000 t to 700 000 t of South African coal have already moved to China since the Asian giant ceased accepting coal from Australia and more South African coal sales to China are expected “for sure”, a top trader said in an interview with Mining Weekly. China’s power plants have been... 

More sales of South African coal to China expected as prices rise
Richards Bay Coal Terminal, South Africa's world-class coal export port.

IronRidge commences Ewoyaa drilling

By: Donna Slater     14th January 2021 Aim-listed explorer IronRidge Resources says a 12 500 m drilling programme at its Ewoyaa lithium project, in Ghana, has started, with contractor GeoDrill having mobilised on site and started reverse circulation (RC) drilling. The campaign is intended to add resource tonnes within the immediate... 

China importing SA coal, PGMs in a greener world make headlines 

14th January 2021 Mining Weekly Editor Martin Creamer unpacks South Africa supplying coal to China, the role of South Africa’s platinum group metals in a greener future and the new project in the North West that is cutting electricity use by 82% and putting platinum into focus.   

China importing SA coal, PGMs in a greener world make headlines
China importing SA coal, PGMs in a greener world make headlines

BMO, Linklaters among the world's top mining M&A advisers

By: Marleny Arnoldi     14th January 2021 BMO Capital Markets has been named the top mergers and acquisitions (M&A) financial adviser in the global mining sector for 2020 by value, while Linklaters and Black Cassels & Graydon were the top M&A legal advisers by value and volume, respectively. BMO advised on 13 deals worth $4.8-billion. 

Greater govt involvement, sustainability in mining sector expected in 2021 

By: Marleny Arnoldi     14th January 2021 As mineral and metal prices, production and consumption improve this year amid a broader and deeper economic recovery from the pandemic, the outlook for miners and metal players is positive, says research agency Fitch Solutions. It notes that this year will see a mix of traditional trends... 

Greater govt involvement, sustainability in mining sector expected in 2021

Pembridge makes Minto Explorations management changes

By: Donna Slater     14th January 2021 LSE-listed copper, gold and silver miner Pembridge Resources has appointed a new president, Christopher Stewart, and interim CFO, Jack Cartmel, for its exploration division, Minto Explorations. The decision was made to bring in-house all the senior management positions in line with the... 

Caldas prepares for Aris transition, MDZ expansion

By: Donna Slater     14th January 2021 Canadian gold junior Caldas Gold, which is soon to become Aris Gold following a transaction with a group of investors, has met its production guidance, producing 23 832 ounces of gold in 2020. Caldas, which produces gold from the Marmato mine, in Colombia, and is advancing the Juby project in... 

Council expects gold investment, consumption to maintain strength in 2021 

By: Tasneem Bulbulia     14th January 2021 The Covid-19 pandemic raised uncertainty by compounding existing risk and creating new ones; however, the end of 2020 saw investors optimistic that the worst was over, the World Gold Council’s (WGC's) outlook for 2021 reveals. The organisation expects investors will perceive the low interest rate... 

Council expects gold investment, consumption to maintain strength in 2021

Eskom says Stage 2 load-shedding to continue until Sunday 

By: Marleny Arnoldi     14th January 2021 State-owned power utility Eskom has advised that Stage 2 load-shedding will be implemented from midday on January 14 through to the end of January 17. Eskom says the load-shedding is necessary owing two tripped generation units at the Kusile power station, as a result of failure of the main coal... 

Eskom says Stage 2 load-shedding to continue until Sunday

Hecla achieves its second highest silver production ever

By: Simone Liedtke     14th January 2021 NYSE-listed Hecla Mining produced 13.5-million ounces of silver in 2020 – an increase of 7% and the second highest production in the company’s history, with the highest production being in 2016. Gold production fell by 23% to 208 962 oz from the 2019 record, owing to lower output at the Nevada... 

American Lithium submits operations plan to BLM

By: Donna Slater     14th January 2021 TSX-listed project acquirer, developer and explorer American Lithium is moving its flagship Tonopah lithium project, in Nevada, US, towards its next phase of development with the submission of a plan of operations to the Bureau of Land Management (BLM). Drilling during 2019 and 2020 resulted... 

Mine camps could be used for quarantine

By: Esmarie Iannucci     14th January 2021 The Queensland state government is considering using isolated mining camps to quarantine travellers into the state, as part of measures to curb the transmission of the Covid-19 virus. The Queensland Resources Council (QRC) on Thursday said that it would continue to work with the Chief Health... 

Gran Colombia meets guidance for fifth consecutive year

By: Simone Liedtke     14th January 2021 TSX-listed Gran Colombia Gold has produced 19 958 oz of gold in December, bringing the total for 2020 to 220 194 oz of gold, marking the fifth consecutive year that the company has either met, or exceeded, its yearly production guidance. The company’s guidance was to produce between 218 000 oz... 

Nouveau Monde to raise $20m

By: Creamer Media Reporter      14th January 2021 TSX-V-listed Nouveau Monde Graphite has announced plans to raise C$20-million to advance its Becancour value-added graphite project and the Matawinie mine project, in Canada. The company will raise C$15-million from BMO Capital, which has agreed to buy on a bought-deal basis 10 345 000 shares at... 

AuStar makes second shipment

By: Esmarie Iannucci     14th January 2021 ASX-listed AuStar Gold has reported that its second scheduled concentrate shipment has now occurred with US-based metals trading house MCC Non-Ferrous Trading. The second shipment comprised more than 5 800 kg of concentrates, with agreed average assay of some 1 640 g/t gold. 

The Networking Company launches Women in Mining training programme

By: Tasneem Bulbulia     14th January 2021 People development consulting company The Networking Company has launched a women in mining training programme to promote the growth of women in this male-dominated industry. CEO and founder Helen Nicholson tells Mining Weekly that research has shown that women and men network differently in... 

The Networking Company launches Women in Mining training programme
Helen Nicholson

Two workers die at Medusa's mine

By: Esmarie Iannucci     14th January 2021 Gold miner Medusa Mining has reported two fatalities at its Co-O mine, in the Philippines. The company on Thursday reported that two contract workers were fatally injured while undertaking maintenance work at an underground pumping station of the mine. 

Eclipse buys Greenland cryolite project

By: Esmarie Iannucci     14th January 2021 Junior Eclipse Metals has struck an agreement to acquire the Ivittuut cryolite project, in Greenland, along with its associated mining information. The Ivittuut project is the world’s largest and only cryolite mine, and has produced some 3.8-million tonnes of cryolite before closing in 1987,... 

Gem's Letšeng to continue operating, but Lucapa suspends mining at Mothae amid Lesotho lockdown

By: Creamer Media Reporter      14th January 2021 Amid a rise in Covid-19 infections, Lesotho has announced a 14-day nationwide lockdown. This has prompted ASX-listed Lucapa Diamond Company to suspend operations at its Mothae diamond mine. London-listed Gem Diamonds, however, says its Letšeng mine will remain fully operational. 

Weak lithium prices could slow EV revolution, Albemarle warns

By: Reuters     14th January 2021 Global supplies of lithium used to make electric vehicle (EV) batteries will fall short of projections for demand to more than triple by 2025 if prices do not rebound to fund expansions, an executive at industry leader Albemarle said this week. The warning laid bare the tension emerging in the... 

Weak lithium prices could slow EV revolution, Albemarle warns

Kazakh mining startup Battery Metals seeks Hong Kong listing

By: Reuters     14th January 2021 Battery Metals Technologies, a Kazakhstan-based nickel and cobalt mining company, plans to raise funds through an initial public offering and list in Hong Kong, the firm told Reuters. The company said on Thursday it plans to develop the Gornostayevskoye deposit located close to the... 

Rhodium roars above $20 000 in precious metals' biggest rally

By: Reuters     14th January 2021 Rhodium's rally to record highs shows no sign of stopping, with prices up 19% this month as auto makers that need the metal to meet tightening emissions regulations run into limited supply. Used in engine exhausts to neutralise harmful nitrous oxides, rhodium reached $20 190 an ounce on... 

Rhodium roars above $20 000 in precious metals' biggest rally

Colombia coal miner Cerrejon production, exports fell in 2020

By: Reuters     14th January 2021 Colombian coal miner Cerrejon's production and export levels fell in 2020 due to lower demand, price declines, the impact of the coronavirus pandemic, and a three-month strike which paralyzed operations, the company said on Wednesday. The miner produced 12.4-million tonnes of coal in 2020, down... 

China 2020 iron-ore imports hit record on robust post-virus demand

By: Reuters     14th January 2021 China's iron-ore imports hit a record high in 2020, jumping 9.5% from a year earlier as the country beefed up spending on infrastructure to spur an economic recovery amid the coronavirus pandemic and manufacturing increased. China, the world's top steel producer, imported 1.17-billion tonnes of... 

Resources Watch  

14th January 2021 This week: Gold mine ups return-to-work protocols as Covid infection numbers spike; And, US company planning at least 500 hydrogen fuelling stations in next 3 to 5 years 

Resources Watch
Resources Watch

China's annual rare earths exports slump to 5-year low

By: Reuters     14th January 2021 China's rare earths exports fell to a five-year low last year, customs data showed on Thursday, after the coronavirus hit overseas demand and as more supply was used in domestic industries. Shipments reached 35 448 t, down 23% from 46 330 t in 2019 and the lowest since 2015, according to Reuters... 

Sorby Hills progresses to DFS

By: Esmarie Iannucci     14th January 2021 The Sorby Hills joint venture (JV) partners have agreed on a programme and budget for the projects definitive feasibility study (DFS), following a successful prefeasibility study in 2020. ASX-listed Boab Metals on Thursday said that its JV partner Henan Yuguang Gold and Lead Company, which... 

Galan takes major stake in Greenbushes South

By: Esmarie Iannucci     14th January 2021 ASX-listed Galan Lithium has struck a deal with fellow-listed Lithium Australia to acquire an 80% interest in the Greenbushes South lithium project, in Western Australia. Under the terms of the agreement, Galan would issue 1.22-million shares to Lithium Australia to form an unincorporated joint... 

Galan takes major stake in Greenbushes South

Pilbara completes capital raise

By: Esmarie Iannucci     14th January 2021 Lithium miner Pilbara Minerals has successfully completed the retail component of its entitlement offer, raising some A$60.6-million. The company last year announced plans to raise some A$121-million through a fully underwritten accelerated non-renounceable entitlement offer, to partly fund the... 

Infrastructure spend planned for Beetaloo basin

By: Esmarie Iannucci     14th January 2021 The Australian government has announced a A$217-million investment to upgrade and develop roads in the Northern Territory, to open up the Beetaloo basin for major gas projects. The Gas Industry Roads Upgrades programme, which will be funded through the Roads of Strategic Importance (Rosi)... 

Rio extends life at NZ smelters

By: Esmarie Iannucci     14th January 2021 Diversified miner Rio Tinto has settled on a new electricity agreement with ASX-listed Meridian Energy that allows New Zealand’s Aluminium Smelter (NZAS) to continue operating the Tiwai Point aluminium smelter until the end of December 2024. The extension provides certainty to employees, the... 

Rio extends life at NZ smelters
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