R/€ = 17.32 Change: 0.08
R/$ = 14.77 Change: 0.07
Au 1777.88 $/oz Change: 17.59
Pt 963.50 $/oz Change: 40.50

Mining News

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

Gilbertson joins AEX Gold on a full-time basis, new geologists appointed

By: Creamer Media Reporter      14th September 2021 Greenland-focused AEX Gold on Tuesday announced the appointment of James Gilbertson as VP for exploration to oversee the company’s exploration activities. Gilbertson has been working with AEX as a consultant for the past six years and will now join the company on a full-time basis. He was until... 

South Africa risks becoming an outlier with its coal plans, says think tank

By: Marleny Arnoldi     14th September 2021 South Africa risks becoming an outlier in the global community if it pushes ahead with plans to develop new coal-fired power plants, says climate change think tank E3G. E3G says the country is driving these plans despite there having been a 76% reduction in proposed new coal power generation... 

Burning coal
Photo by Reuters
Burning coal

African Gold Group achieves positive results from trenching at Kobada Est

By: Tasneem Bulbulia     14th September 2021 West Africa-focused gold company African Gold Group has announced positive results from the preliminary trenching programme at its Kobada Est exploration target in southern Mali. The Kobada Est trenching programme was completed in June and consisted of three trenches with a combined length of 260 m. 

Petra swings to full-year net profit, mulls selling Williamson mine

By: Marleny Arnoldi     14th September 2021 After completing a capital restructuring exercise and selling a number of exceptional white and blue diamonds, London-listed Petra Diamonds has narrowed its adjusted loss before tax for the financial year ended June 30 by 88% year-on-year to $8.9-million. In the prior financial year, the... 

Conveyor belt at Petra Diamonds' Cullinan mine
Petra Diamonds' Cullinan mine

Rainy River’s near-term guidance reduced

By: Creamer Media Reporter      14th September 2021 Canadian miner New Gold has lowered its consolidated gold-equivalent production outlook for 2021, following a reduction in the guidance of the Rainy River mine, in Ontario, where lower-than-modelled gold grades were encountered in July and August. Rainy River’s gold-equivalent production for... 

An image showing facilities at the Rainy River mine.
Rainy River in Ontario

Artemis feasibility study accelerates Blackwater expansions

By: Creamer Media Reporter      14th September 2021 Canadian gold company Artemis has outlined compelling economics for its Blackwater gold project, in British Columbia, in a newly published feasibility study, which expanded Phase 1 throughput and accelerated the Phase 2 expansion. Phase 1 will now have a throughput of six-million tonnes a year,... 

Kayelekera licenses renewed

By: Esmarie Iannucci     14th September 2021 The Malawi government has renewed the mining and exploration licenses for the Kayelekera uranium project. ASX-listed Lotus Resources on Tuesday told shareholders that the mining license had been renewed for a period of 15 years. 

Great Boulder to spin-off Yamarna

By: Esmarie Iannucci     14th September 2021 ASX-listed Great Boulder Resources has announced plans to demerge the Yamarna base metals project, in Western Australia, into a separately listed base metal business known as Cosmo Metals. Yamarna is a multi-commodity project with significant potential for magmatic copper/nickel/cobalt/platinum... 

MAS Gold acquires mine formerly operated by Cameco

By: Creamer Media Reporter      14th September 2021 Canadian minerals explorer MAS Gold has entered into an agreement with the Saskatchewan government to acquire about 463 ha, including the former producing Contact Lake gold mine, in the La Ronge Greenstone Belt. The Contact Lake gold mine was operated from 1994 to 1997 by Cameco. MAS CEO Jim... 

Union at Albemarle Atacama plant rejects new contract offer, strike continues

By: Reuters     14th September 2021 A Chilean union at Albemarle Corp, the world's top lithium producer, said on Monday it had rejected the company's latest labour contract offer, leaving workers to continue a walk off that has extended for more than a month. The 135-member "Albemarle Salar" union, which comprises about half the... 

Chile indigenous group asks regulators to suspend lithium miner SQM's permits

By: Reuters     14th September 2021 Indigenous communities living around Chile's Atacama salt flat have asked authorities to suspend lithium miner SQM's operating permits or sharply reduce its operations until it submits an environmental compliance plan acceptable to regulators, according to a filing viewed by Reuters. Chile's... 

Barrick eyes new mines, not deals, for future growth 

By: Reuters     14th September 2021 Barrick Gold CEO Mark Bristow spent years burnishing his reputation as an aggressive dealmaker, but he says now he is focused on new mines that he hopes will boost profit and the company's sagging stock price. The strategy eschews the acquisition appetite that made Barrick what it is today and... 

Barrick CEO Mark Bristow
Barrick CEO Mark Bristow

Metalicity makes a play for JV partner

By: Esmarie Iannucci     14th September 2021 Junior gold explorer Metalicity on Tuesday flagged its intention to make an off-market all scrip takeover bid for all of the fully paid ordinary shares in its joint venture (JV) partner in the Kookynie and Yundamindra gold projects, Nex Metals Exploration. Metalicity’s offer to Nex Metals... 

BHP reports board changes

By: Esmarie Iannucci     14th September 2021 Diversified miner BHP has announced the retirement of Susan Kilsby and Anita Frew from the company’s board after the company’s next annual general meeting. Kilsby was appointed chair of the board of Fortune Brands Home & Security, Inc in January 2021 and had confirmed her intention to retire as... 

Work advances at Warrawoona

By: Esmarie Iannucci     14th September 2021 Gold developer Calidus Resources has finalised a A$210-million mining contract with contractor Macmahon for the Warrawoona gold project, in Western Australia. The contract involves the development of a new opencut mine, with Macmahon to undertake all opencut mining activities until December... 

BHP releases climate action plan

By: Esmarie Iannucci     14th September 2021 Diversified miner BHP on Tuesday released its Climate Transition Action Plan, outlining the company’s updated approach to reducing greenhouse gas (GHG) emissions and managing climate risks across its global value chain. “The Climate Transition Action Plan outlines BHP’s role and actions in... 

An image of BHP's CEO Mike Henry
BHP CEO Mike Henry

Lithium firm Vulcan sets sights on A$220m raise

By: Esmarie Iannucci     14th September 2021 Lithium developer Vulcan Energy Resources will raise A$200-million in an underwritten share placement to sophisticated, professional and institutional investors to support its goal of becoming the world’s first zero carbon lithium company. The ASX-listed company would also undertake a share... 

Image shows Australian currency

Bylong rejection upheld by Appeals Court

By: Esmarie Iannucci     14th September 2021 The New South Wales Court of Appeal this week upheld a decision barring South Korean firm Kepco from building its proposed Bylong coal mine. The New South Wales Independent Planning Commission (IPC) in 2019 refused development approval for the proposed 6.5-million tonne a year Bylong coal... 

Santos signs up for CCS in the Timor Sea

By: Esmarie Iannucci     14th September 2021 Oil and gas major Santos has inked a memorandum of understanding (MoU), as operator of the Bayu-Undan joint venture (JV), with the Timor-Leste regulator Autoridade Nacional do Petróleo e Minerais (ANPM) to progress carbon capture and storage (CCS) in the Timor Sea. The MoU details the areas the... 

ChromeSA says imposition of export tax would be high risk  

By: Martin Creamer     14th September 2021 The imposition of a tax on the export of chrome ore would be high risk and the gain from such an intervention would likely be eroded fairly quickly by the high cost of electricity, which is the real problem. Chrome SA’s Alistair McAdam and Paul Anderson of Genesis Analytics highlighted this... 

Creamer Media Screenshot taken of McAdam during zoom interview
ChromeSA representatives Alistair McAdam and Paul Anderson on chrome export tax. Video: Darlene Creamer.

Outlook for metals improves – Moody’s

By: Tasneem Bulbulia     13th September 2021 Credit rating business Moody's Investors Service’s outlook for the global metals and mining industry changed to stable from positive with high prices expected to fade out throughout 2022. In a new report covering iron-ore, steel, coal, aluminium, gold, silver, nickel, copper and zinc, Moody's... 

Surge in electric vehicle sales power lithium prices as shortages loom

By: Reuters     13th September 2021 Lithium prices have jumped to their highest in more than three years thanks to an upsurge in electric vehicle sales, depleting stocks of the battery material in top consumer China. Targets to cut carbon emissions from China to the United States cannot be met without the rechargeable lithium-ion... 

Sibanye buys back about 3% of shares in issue

By: Tasneem Bulbulia     13th September 2021 Precious metals miner Sibanye-Stillwater has, in a series of unrelated transactions, cumulatively bought back about 90.2-million ordinary shares, or about 3% of its shares in issue, in accordance with the general authority granted by shareholders at the company’s annual general meeting held on... 

AngloGold signs definitive agreement to buy out Corvus

By: Marleny Arnoldi     13th September 2021 Global gold miner AngloGold Ashanti has entered into a definitive arrangement agreement to acquire the remaining 80.5% interest in TSX-listed Corvus Gold that it does not already own at C$4.10 a common share in cash. The transaction is valued at about $370-million and implies a total equity... 

An image of exploration activities in Nevada.

DRDGold nears completion of project to achieve better recoveries at FWGR 

By: Marleny Arnoldi     13th September 2021 NYSE- and JSE-listed DRDGold says a project to convert the Driefontein 2 Plant (DP2) at the Far West Gold Recoveries (FWGR) surface retreatment operation, in Gauteng, to closed-circuit milling, is nearing completion. The R80-million project will achieve a finer grind and, thereby, improve gold... 

AfriTin’s flagship Uis project exceeds production target by 5 t

By: Simone Liedtke     13th September 2021 African tin miner AfriTin Mining’s Uis project, in Namibia, maintained a production level above its steady-state target during the second quarter of its 2022 financial year, surpassing the targeted 180 t of tin concentrate by producing 185 t, containing 113 t of tin metal. A strong operational... 

DMRE accepts URU’s prospecting right application for area adjacent to Zebediela project

By: Tasneem Bulbulia     13th September 2021 Aim-listed URU Metals says the South African Department of Mineral Resources and Energy (DMRE) has accepted its application for a prospecting right over ten portions of the farm Piet Potgietersrust Town and Townlands 44 KS, totalling 246 ha. The prospecting right under application is immediately... 

Tianqi Lithium revives plans for Hong Kong listing

By: Reuters     13th September 2021 Tianqi Lithium's board of directors have unanimously approved a proposal to list shares in Hong Kong, the Chinese company said on Monday, reviving plans for a flotation it originally sought to make three years ago. One of the world's top producers of lithium chemicals for electric vehicle (EV)... 

Arkle encounters high-grade gold at Irish project

By: Creamer Media Reporter      13th September 2021 London-listed Arkle Resources has reported significant results from its diamond drilling programme at the Mine River gold project, in Wicklow/Wexford, Ireland, with a high-grade sample of 51.6 g/t. This encounter, in Hole 7, is an “extraordinary find” for the Mine River project. 

Weekly SA Coal Report

13th September 2021 Further bullish activity in European power and gas markets has seen stronger ARA prices, helping RBCT to hold firm, even as NEWC saw another strong but volatile week. Chinese domestic prices are generally firmer once again, as state inspections over mine safety hold back supplies. Consolidation... 

Image of ASM Logo

Bids sought for socioeconomic study into Eskom’s coal repowering and repurposing plan 

By: Terence Creamer     13th September 2021 A global coalition set up to support countries in implementing the carbon-reduction pledges contained in their Nationally Determined Contributions (NDCs) has announced that it will fund a study to assess the socioeconomic impacts of the shutdown, repowering and repurposing of seven Eskom... 

Photo of a road to an Eskom power station
Photo by Creamer Media
Eskom to shut 11 000 MW of coal capacity by 2030

OceanaGold’s guidance unchanged despite changes to outlook for NZ mines

By: Mariaan Webb     13th September 2021 Dual-listed OceanaGold on Monday revised the 2021 production guidance for its Macraes and Waihi operations, which were suspended for 15-days in accordance with New Zealand’s Covid-19 restrictions, but said that its consolidated guidance for the year remained unchanged. The group, which also... 

The Macraes mine's production guidance has been revised.
The Macraes mine's production guidance has been revised.

China's Jiangxi Copper to develop Afghanistan copper mine when situation allows

By: Reuters     13th September 2021 China's Jiangxi Copper Co said on Monday that it and the Metallurgical Corp of China (MCC) are monitoring the situation in Afghanistan and will push forward with the Mes Aynak copper mine when they can. The company and MCC took on a 30-year lease for the mine in 2008, which has an estimated... 

An image of scenery in Afghanistan.

Horizonte secures export credit agency approval for Araguaia

By: Creamer Media Reporter      13th September 2021 Brazil-focused nickel company Horizonte Minerals has received formal credit and board approval from two export credit agencies (ECAs) for $146.2-million of the senior secured project financing facility to part fund construction of its Araguaia ferro-nickel project. The ECAs are Denmark’s AKF and... 

An image of a trial project at Araguaia in Brazil.
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