R/€ = 17.34 Change: 0.06
R/$ = 14.80 Change: 0.04
Au 1777.17 $/oz Change: 16.88
Pt 960.78 $/oz Change: 37.78

Mining News

National collaboration essential to win share of green hydrogen market, say debaters  

By: Martin Creamer     13th September 2021 South Africa’s early mover advantage in green hydrogen would fade and become ineffective over time without a collaborative, collective and holistic national approach that assures the export of green hydrogen over and above its domestic use. That was the strong message that came across in the... 

Strike threat lifted at BHP's Cerro Colorado mine after contract deal

By: Reuters     13th September 2021 A union at Chile's Cerro Colorado copper mine in Chile has struck a collective contract deal with mine operators BHP after five days of government-led mediation, the company said on Saturday in a statement. The agreement with Union No. 1 would be valid for 36 months and includes a series of... 

EQ raises cash as expansion studies progress

By: Esmarie Iannucci     13th September 2021 Junior EQ Resources has raised A$6-million through a convertible note issue to fund early works at its Mt Carbine tungsten project, in Queensland, while it completes a bankable feasibility study (BFS) into the expansion of the project. The two-year notes would have a conversion price of 6.5c a... 

King Island Scheelite inks another offtake

By: Esmarie Iannucci     13th September 2021 Tungsten developer King Island Scheelite has entered into a new tungsten concentrate offtake agreement with physical commodity trader Traxys Group, for 90 000 t/y of tungsten from its planned Dolphin project, in Tasmania. King Island Scheelite on Monday told shareholders that the offtake... 

Cooper Energy inks more gas deals with AGL

By: Esmarie Iannucci     13th September 2021 Gas producer Cooper Energy has struck a gas sales agreement (GSA) with fellow listed and AGL Energy for all developed and un-contracted volumes from the Casino, Henry and Netherby fields in the Otway basin, effective from January next year. The two companies have also amended the existing Sole... 

TNT advances Mt Ida transaction

By: Esmarie Iannucci     13th September 2021 Junior TNT Mines has struck a formal agreement with fellow-listed Ora Banda Mining to acquire its Mt Ida Gold subsidiary. The two companies earlier this year struck an A$11-million agreement that would allow TNT to acquire the high-grade Mt Ida gold and copper project, which comprises 19... 

Pantoro reports maiden resource at Green Lantern

By: Esmarie Iannucci     13th September 2021 ASX-listed Pantoro has reported a mineral resource and reserve estimate for the Green Lantern deposit, at the Scotia mining center, at its Norseman gold project, in Western Australia. A maiden mineral resource estimate of 6.8-million tonnes, grading 1.4 g/t gold has been established, continuing... 

ArcelorMittal to triple iron-ore production in Liberia

By: Reuters     13th September 2021 ArcelorMittal signed an agreement on Friday to stay for at least 25 more years in Liberia, where it will at least triple its iron-ore production and invest an additional $800-million, the company's executive chairman and Liberia's president said. Annual production will increase to 15-million... 

An image of heavy haul trucks operating in Liberia.

Zambian President promises to cut deficit, review mining policies

By: Reuters     10th September 2021 Zambian President Hakainde Hichilema said on Friday his new government would implement policies to reduce the fiscal deficit, restore economic growth and review mining policies. In his first address to a new session of parliament since his election in August, Hichilema said officials would also... 

ABB, MEDATech to jointly explore decarbonisation solutions

By: Simone Liedtke     10th September 2021 Automation company ABB has signed a memorandum of understanding with Canadian engineering consultancy MEDATech to jointly explore solutions to decarbonise mining operations through charging solutions and optimised electric drive systems in battery electric vehicles (BEVs) for heavy-duty... 

Broadening ESG has provided clear paths to economic benefit – Sibanye-Stillwater  

By: Martin Creamer     10th September 2021 Sustainability is not a function of compliance but rather a strategic imperative to change the role that mining plays in society and in economies, says Sibanye-Stillwater senior vice-president and head of sustainability Loyiso Ndlovu. “We do this by sticking to the knitting in being miners, and... 

Sibanye Investor Day 2021
Sibanye-Stillwater Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Katoro advances project portfolio

By: Tasneem Bulbulia     10th September 2021 Despite the ongoing challenges around the Covid-19 pandemic, Aim-listed Katoro Gold says it continued to make significant progress across its project portfolio during the six months ended June 30. During the period, the company raised £960 000 (gross) through a placing and subscription of new... 

World Gold Council members on board for TCFD reporting  

By: Marleny Arnoldi     10th September 2021 The World Gold Council (WGC) has announced that all 33 gold miners it represents globally have committed to reporting their positions and progress on climate-related risks, in line with the Task Force on Climate-Related Financial Disclosures (TCFD). The TCFD recommendations and reporting... 

Manganese, Nkomati Mine, green-hydrogen make headlines   

10th September 2021 Mining Weekly Editor Martin Creamer unpacks African Rainbow Minerals touting the possibility of an opportunity for manganese alloy production locally; the Nkomati Nickel mine could hold underground opportunity; and the three structural characteristics that South Africa has to possibly become a... 

Image of Martin Creamer
Manganese, Nkomati Mine, green-hydrogen make headlines

Alrosa diamond sales fall on inventory shortages

By: Creamer Media Reporter      10th September 2021 Russian diamond major Alrosa has reported diamond sales of $306-million in August, comprising $297-million in rough sales and $10-million in polished sales. This compares with total sales of $334-million in July and $410-million in June. Total sales in carats were lower in August, owing to a... 

An image of diamonds being sorted.

Cypress buys water rights for Nevada lithium mine

By: Creamer Media Reporter      10th September 2021 Vancouver-based Cypress Development has potentially secured the future water requirements for its Clayton Valley lithium project, in Nevada, announcing on Thursday that it would buy water rights from Nevada Sunrise Gold. The companies entered into a water rights purchase and sale agreement for... 

Bell Equipment to launch self-driving truck in 2022 

By: Irma Venter     10th September 2021 Bell Equipment will launch its first autonomous articulated dump truck (ADT) on the global market next year, says Bell Equipment CEO Leon Goosen. The truck will also be available in South Africa. 

Image of Bell ADT trucks
The Bell ADT

First Mining to earn into properties near Springpole

By: Creamer Media Reporter      10th September 2021 TSX-listed First Mining has entered into an agreement to earn into ALX Resources’ properties near the Springold gold project, in north-western Ontario. Through its subsidiary Gold Canyon Resources, First Mining may earn up to 100% interest in ALX’s Vixen North, Vixen South and Vixen West... 

Ionic lays out immediate priorities for Makuutu project

By: Marleny Arnoldi     10th September 2021 ASX-listed Ionic Rare Earths CEO Tim Harrison has told Mining Weekly about the company’s main priorities for the remainder of this year and 2022, before making a final mining decision on the Makuutu rare earths project, in Uganda. Harrison listed these as being validation test work on the... 

Coloured rare earths
Coloured rare earths

Lundin CEO Inkster to step down

By: Creamer Media Reporter      10th September 2021 Base metals producer Lundin Mining on Thursday announced that CEO Marie Inkster would leave the company at the end of the year for personal reasons and that Peter Rockandel had been selected as her successor. Inkster joined Lundin in 2008 and served as CFO for ten years before being appointed... 

Miners push Australian shares higher as aluminium prices surge

By: Reuters     10th September 2021 Australian shares rose on Friday, helped by mining stocks after aluminium prices hit multi-year highs, with investors also cheering exiting of Covid-19 lockdowns in most regions in the state of Victoria. The S&P/ASX 200 index rose 0.71% to 7,422.1 by 0020 GMT. 

Biden administration moves to permanently block Pebble as new PEA outlines project's long-term potential

By: Mariaan Webb     10th September 2021 The Biden administration will relaunch a process that could permanently ban the development of the contentious Pebble mine in Alaska’s Bristol Bay watershed, which is home to North America’s most productive salmon fisheries. According to news reports, the Department of Justice asked in an Alaska... 

Biden administration moves to permanently block Pebble as new PEA outlines project's long-term potential

Comet raises funds for Maholo drilling

By: Esmarie Iannucci     10th September 2021 ASX-listed Comet Ridge has raised A$5-million in a share placement to bolster its working capital position ahead of starting an appraisal programme at the Mahalo North gas project, in Queensland. The placement comprises the issue of more than 64.4-million new shares at an issue price of 8.25c... 

Iron-ore set for second weekly loss on China demand collapse

By: Reuters     10th September 2021 Iron-ore futures in top steel producer China dropped on Friday to head for a second consecutive weekly loss, with the benchmark Dalian price hovering near its lowest in seven months on fears of more steel production curbs. The most-traded January iron-ore on the Dalian Commodity Exchange ended... 

Amani raises cash for DRC gold

By: Esmarie Iannucci     10th September 2021 Junior gold developer Amani Gold will raise A$7-million through a share placement to sophisticated and professional investors, to fund the development of its Giro gold project, in the Democratic Republic of the Congo. The ASX-listed company on Friday said it had received firm commitments for the... 

Woodside signs hydrogen partnership agreement in South Korea

By: Esmarie Iannucci     10th September 2021 Oil and gas major Woodside will be the only foreign direct investor participating in the  establishment of the HyStation company, which aims to construct and operate hydrogen refuelling stations to service public transport bus fleets in South Korea. Woodside will be joining South Korean... 

Qld taps first mine rehab Commissioner

By: Esmarie Iannucci     10th September 2021 The Queensland government has appointed its first miner rehabilitation commissioner. A highly-regarded director-general with extensive experience in environmental rehabilitation, James Purtill will take up the role next month after significant legislation to improve rehabilitation regulation was... 

Gold Road's revenue falls as expected

By: Esmarie Iannucci     10th September 2021 ASX-listed gold miner Gold Road Resources this week reported lower gold production and revenues for the six months to June, having warned shareholders previously of lower production from the Gruyere joint venture (JV), in Western Australia. Gold Road announced revenues of A$129.6-million from... 

Nickel Mines prices notes

By: Esmarie Iannucci     10th September 2021 ASX-listed Nickel Mines has completed a $150-million issuance of senior secured notes, which will mature in April 2024. The company this week told shareholders that the funds from the note issue would be used for working capital and general corporate purposes, and to bolster Nickel Mines’ treasury. 

Resolute reduces debt further

By: Esmarie Iannucci     10th September 2021 Gold miner Resolute Mining has voluntarily repaid an additional $30-million on its revolving credit facility (RCF), using proceeds from the recent $90-million sale of the Bibiani gold mine, in Ghana, to Asante Gold Corporation. Resolute on Friday told shareholders that the latest voluntary... 

Santos and Oil Search formalise merger

By: Esmarie Iannucci     10th September 2021 The merger between oil and gas major Santos and fellow listed Oil Search has been formalised, following a due diligence by both companies. Under the terms of the merger, Oil Search shareholders will receive 0.6275 new Santos shares for each Oil Search share held on the record date of the Scheme... 

Image shows two hands shaking

Water Tribunal dismisses appeal against granting of Elandsfontein water-use licence

By: Creamer Media Reporter      10th September 2021 Emerging African phosphate explorer and developer Kropz says the Water Tribunal has dismissed an appeal against the granting of an integrated water-use licence (WUL) for the Elandsfontein project. Following the granting of the WUL by the Department of Water and Sanitation in April 2017, an appeal... 

Ganfeng Lithium outbid in battle for M&A target Millennial

By: Reuters     10th September 2021 Ganfeng Lithium's deal to acquire Argentina-focused Millennial Lithium is under threat after Millennial received a rival takeover offer from a battery maker it thinks is superior to its earlier agreement with the Chinese company. Ganfeng, one of the world's biggest producers of lithium chemicals... 

An image of a lithium brine project.

Magazine round up | 10 September 2021 

10th September 2021 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Image of Magazine cover
Magazine round up | 10 September 2021

President Hichilema raises fresh hope for Zambia’s mining industry

By: Tasneem Bulbulia     10th September 2021 Hakainde Hichilema's triumph over incumbent President Edgar Lungu in last month's general elections has kindled much optimism that better fortunes are in store for Zambia's copper-heavy mining industry, which had a stunted performance under the previous administration. Africa Practice CEO Marcus... 

Cover image

Gold finishes August slightly lower than last, marginal ETF weakness

By: Simone Liedtke     9th September 2021 Despite a small-hours flash crash, gold finished August only slightly lower month-on-month, down 0.6% in dollars, on firmer interest rates and marginal exchange-traded fund (ETF) weakness, the World Gold Council (WGC) reports. This is despite growing Covid-related concerns, particularly in... 

ABB launches new Digital Solutions Centre in Johannesburg

By: Simone Liedtke     9th September 2021 Automation company ABB on September 9 unveiled its new South African Digital Solutions Centre, which aims to help companies across industries to overcome their most pressing technology and digitalisation challenges. The centre, which is based at ABB’s Longmeadow facility, in Johannesburg, gives... 

Pic/Image of ABB's new South African Digital Solutions Centre
ABB's new South African Digital Solutions Centre
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