Engineering News | Mining Sector News

https://www.engineeringnews.co.za

Follow @EngNewsZA

Advertise on this page? Click Here to Learn More

Mining News

Sasol calls for IPP bids to supply 600 MW of renewable energy to South African operations

By: Terence Creamer 14th May 2020 Chemicals and fuels group Sasol has issued a request for information (RFI) for the supply of 600 MW of renewable energy to its South African operations so as to reduce its yearly greenhouse gas (GHG) emissions by about 1.6-million tons. The closing date for submissions is Friday, June 5. →

Gowan joins Marathon Gold board

By: Creamer Media Reporter 14th May 2020 TSX-listed exploration and development company Marathon Gold has appointed Jim Gowans to its board of directors with effect from June 1. Gowans has been interim president and CEO of Trilogy Metals since September 2019 and will remain in that role until May 31, 2020, after which he will continue... →

OceanaGold sinks to Q1 loss, maintains production guidance

By: Marleny Arnoldi 14th May 2020 TSX- and ASX-listed OceanaGold posted a net loss of $26-million in the first quarter of the year, and an adjusted net loss of $10.7-million. This equated to an adjusted loss per share of $0.02 apiece. The first-quarter loss compares with net profit of $8.7-million in the fourth quarter of 2019... →

Torex plans full production at El Limon by month-end

By: Creamer Media Reporter 14th May 2020 Canada-based intermediate gold miner Torex said on Thursday that it planned to resume full production at its El Limón Guajes mining complex, in Mexico, by the end of this month. The company noted that it had continued active engagement with local communities during the national suspension of... →

African Gold remains on track to publish Kobada DFS soon

By: Marleny Arnoldi 14th May 2020 TSX-V-listed African Gold Group says its activities at the Kobada gold project, in Mali, remain unaffected by Covid-19. The company has imposed a strict response plan at the project, which involves reducing the workforce on site and implementing physical distancing for remaining staff. →

Power station switch from coal to hydrogen sets new global example

By: Martin Creamer 14th May 2020 The transitioning of a US power station from coal to renewable hydrogen is leading the way in a world urgently in need of meaningful action to combat climate change. The ground-breaking transition by Intermountain Power Agency of Utah, is being facilitated by Mitsubishi Hitachi Power Systems,... →

Photo by MHPS
Renewable hydrogen stored underground.

Balmoral, Wallbridge merger nears completion

By: Marleny Arnoldi 14th May 2020 TSX-listed Balmoral Resources has obtained a final order from the Supreme Court of British Columbia, which approved its plan of arrangement with Wallbridge Mining. Wallbridge has agreed to acquire all the issued and outstanding shares of Balmoral in exchange for 0.71 of its owns shares for each... →

Eramet sells Norwegian ilmenite plant Tronox

By: Marleny Arnoldi 14th May 2020 Global miner Eramet has signed a binding agreement with Tronox Holdings to sell the company’s stake in TiZir Titanium & Iron (TTI). The transaction will transfer control to Tronox of TTI’s Norwegian ilmenite transformation plant, for a consideration of $300-milllion. →

Sierra Leone mining revenue sinks as pandemic hits production and prices

By: Reuters 14th May 2020 Sierra Leone is weathering a dramatic crunch in mining revenue as COVID-19 restrictions hurt companies’ ability to export gold and diamonds and access essential supplies. Revenue from mining dropped from $2.24 million in April 2019 to just $0.33 million in April 2020 - an 85% decline year on... →

Hydrogen, climate change, exploration make headlines

14th May 2020 Mining Weekly editor Martin Creamer unpacks AP Ventures' optimism around Hydrogen and its applications, the commitment to climate change solutions through the International Council on Mining and Metals & the Council for Geosciences mapping the country to find exploration hotspots for after... →

Hydrogen, climate change, exploration make headlines

Orion granted $1m loan

By: Marleny Arnoldi 14th May 2020 A private equity funder of ASX-listed Orion Minerals has continued its support of the company by providing it with a new unsecured $1-million loan facility. The terms of the loan facility, provided by Tembo Capital Mining Fund II, include that any amount capitalised under the load facility will... →

Freeport Indonesia ramps up coronavirus testing as cases near mine rise

By: Reuters 14th May 2020 PT Freeport Indonesia, operator of the world's second-biggest copper mine, is to conduct "extensive testing" among its employees after coronavirus cases in the area where the mine operates topped 100. It said on Wednesday it had around 50 000 rapid and polymerase chain reaction test kits on... →

Trevali defers Namibia zinc expansion decision

By: Mariaan Webb 14th May 2020 Global base-metals miner Trevali has deferred its expansion plans for the Rosh Pinah zinc mine, in Namibia, to a future date, as it moves to preserve liquidity during the economic downturn. The Vancouver-based company, which also owns mines in Peru, Canada and Burkina Faso, said on Wednesday... →

The Rosh Pinah mine, in Namibia.

Marmota makes a competing offer for Jumbuck

By: Esmarie Iannucci 14th May 2020 Junior Marmota has made a A$1.3-million competing offer to fellow-listed Tyranna Resources to acquire its Jumbuck gold project, in Western Australia. Tyranna in October of last year inked a term sheet with Syngas for the proposed sale of the Jumbuck gold project for A$950 000 in cash. Under the... →

Middle Island raises funds

By: Esmarie Iannucci 14th May 2020 Junior Middle Island Resources has received firm commitments to raise A$4-million to fund a drilling campaign at its Sandstone gold project, in Western Australia. Middle Island will place some 3636-million shares, at a price of 1.1c each under the company’s existing placement capacity. →

A$1bn Olive Downs a step closer to development

By: Esmarie Iannucci 14th May 2020 The A$1-billion Olive Downs metallurgical coal mine being developed by Pembroke Resources in Queensland, has received approvals from the Department of Agriculture, Water and the Environment under the Environment Protection and Biodiversity Conservation (EPBC) Act. Pembroke said on Thursday that... →

First Majestic initiates arbitration over Mexico tax dispute

By: Creamer Media Reporter 14th May 2020 TSX-listed First Majestic Silver said on Wednesday that it had served notice to Mexico of its intention to initiate arbitration proceedings under the North American Free Trade Agreement over a tax dispute. The company, which owns three silver mines in Mexico, said that it had unsuccessfully... →

Chalice raises A$30m for Julimar work

By: Esmarie Iannucci 14th May 2020 Dual-listed Chalice Gold mines will raise A$30-million through a share placement to institutional and sophisticated investors to fund the next phase of exploration at its Julimar base metals project, in Queensland. The ASX- and OTCQB-listed company on Thursday said that fir commitments had been... →

Titan ticks the boxes at Core

By: Esmarie Iannucci 14th May 2020 The shareholders of Canadian takeover target Core Gold has approved a proposed consolidation of the company’s common shares and its delisting from the Toronto Stock Exchange, as ASX-listed Titan Minerals’ acquisition of the company was completed. “We are extremely pleased to complete the... →

More gas doled out at Atlas

By: Esmarie Iannucci 14th May 2020 ASX-listed Senex Energy has inked a domestic gas sales agreement with power generator CleanCo Queensland for 2.55 PJ of natural gas from its Atlas project, starting in January next year. The gas will be supplied at the Wallumbilla gas hub, in Queensland, at a fixed price in line with the... →

Queensland releases gas exploration acreage

By: Esmarie Iannucci 14th May 2020 The Queensland government has made more than 6 700 km2 of land available for gas exploration and a new explorer looking to supply Australian-only gas users. Mines Minister Dr Anthony Lynham on Thursday announced 12 prospective parcels of land were now open to tender across Queensland’s resource... →

Rio hunting for staff in WA

By: Esmarie Iannucci 14th May 2020 Major Rio Tinto has revealed more than 300 vacancies within its Western Australian iron-ore business, with the miner continuing its recruitment for skilled roles, apprentices, graduates and Aboriginal trainee. The miner this week noted that the available roles included skilled operational and... →

Engineering News & Mining Weekly e-magazine now available

14th May 2020 For the duration of South Africa’s Covid-19 lockdown period, Creamer Media is providing free digital access to our flagship Engineering News & Mining Weekly news magazine. Click now to read our latest edition. →

Ballard optimistic that fuel cell demand will rise

By: Marleny Arnoldi 13th May 2020 Ballard Power Systems, which develops proton exchange membrane (PEM) fuel cells that use a platinum catalyst as a key component, says mobility solutions have become a focus for the company, especially in the heavy-duty vehicle segment. In an interview with the World Platinum Investment Council,... →

Kore says study confirms district-scale potential of Dougou Extension project

By: Tasneem Bulbulia 13th May 2020 Exploration and development company Kore Potash has completed a prefeasibility study (PFS) on the Dougou Extension (DX) project, which has confirmed the district-scale development potential of this potash basin and the standalone commercial viability of the DX project, CEO Brad Sampson says.... →

Ivanhoe delays AGM

By: Marleny Arnoldi 13th May 2020 TSX-listed Ivanhoe Mines has postponed its annual general meeting (AGM) and the date for sending out the company’s executive compensation disclosure to no later than end-September. This follows restrictions on public gatherings enacted by the Canadian government, in response to the Covid-19... →

Zambia, in diversification push, starts processing artisanal gold

By: Reuters 13th May 2020 Zambia has built ten milling plants to process gold in a drive to formalise artisanal and small-scale miners and diversify from copper mining, state mining investment company ZCCM-IH said on Wednesday. The project is being undertaken by Consolidated Gold Company Ltd (CGCZ), a gold processing and... →

Endeavour generates record first-quarter cash flow

By: Marleny Arnoldi 13th May 2020 TSX-listed gold miner Endeavour Mining started the year on a positive note, with continued momentum across the business and with production and costs in line to meet full-year guidance. The company confirmed in a May 13 statement that its operations had not been significantly impacted on by... →

Mining companies keen to pursue IoT-enabled projects

By: Schalk Burger 13th May 2020 Satellite communication services multinational Inmarsat's research shows that 65% of mining organisations have fully deployed at least one Internet of Things- (IoT-) enabled project across their mine sites. It adds that the mining sector is in the midst of an IoT revolution. →

Hydrogen gaining increasing levels of interest – AP Ventures

By: Martin Creamer 13th May 2020 Hydrogen and the applications that it can enable are gaining increasing levels of interest and traction, says AP Ventures LLP. “We’re very optimistic about the role that fuel cells and hydrogen will play in decarbonising key sectors of the economy,” says AP Ventures in a written response to... →

Photo by Bloomberg
Platinum-using hydrogen fuel cell.

Eurobattery to buy Finland battery metals project

By: Donna Slater 13th May 2020 Battery-metals miner Eurobattery Minerals (Eurobattery) has signed an investment and shareholders agreement including an option for a staged acquisition of 100% of the shares in Vulcan Hautalampi (VHOy), which owns the Hautalampi nickel/cobalt/copper project, in eastern Finland. The acquisition... →

World's largest wealth fund blacklists Glencore, Sasol and other giants over coal use

By: Reuters 13th May 2020 Norway's $1-trillion wealth fund is excluding some of the world's biggest commodities firms from its portfolio, including Glencore and Anglo American, because of their use and production of coal. Underlining the growing role of climate considerations for long-term investors, the fund is also... →

Kavango to move to next stage of exploration at KSZ

By: Tasneem Bulbulia 13th May 2020 LSE-listed Kavango Resources has announced the next stages of exploration in the Kalahari Suture Zone (KSZ) in Botswana. The exploration objectives are to discover world-class copper/nickel/platinum group metal (PGM) deposits in the KSZ; to identify high-potential drill targets in "underground... →

Polymetal granted loan to kickstart POX second stage

By: Donna Slater 13th May 2020 Russia-based gold and silver miner Polymetal has agreed a ten-year loan of $77-million, with the money being partially used to finance construction of the second stage of the miner’s Amursk pressure oxidation plant (POX-2) in 2020/21. The loan is based on at 5% fixed rate, and is taken with the... →

BlueRock eyes Antwerp market to bolster diamond sales

By: Donna Slater 13th May 2020 Aim-listed diamond miner BlueRock Diamonds (BlueRock), which operates the Kareevlei mine in Kimberley, has embarked on a new selling strategy and will, from June, ship diamonds to be sold on the Antwerp market, which the miner says attracts significantly more buyers than the local South African... →

Global trade set to slump 27% in Q2, report warns

By: Terence Creamer 13th May 2020 Global trade is projected to record a quarter-on-quarter slump of 27% in the second quarter of 2020 as a result of the Covid-19 pandemic, after falling by three percent in the first quarter, a new report by the Committee for the Coordination of Statistical Activities (CCSA) warns. The report,... →

Philippine miners can fully operate, but quarantine rules set

By: Reuters 13th May 2020 Miners in the Philippines, one of the world's top nickel ore suppliers, are allowed to operate at full capacity as the country begins to relax coronavirus-containment measures, but they must follow strict safety protocols, the government said. The Mines and Geosciences Bureau (MGB) has released... →

Company Post

Religel Giving you Tur IP68

more

Topics In These Articles

RSS Feed

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

More

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Subscribe