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Mining News

Sierra announces expansion plans for Yauricocha

By: Mariaan Webb     19th November 2020 TSX- and NYSE American-listed Sierra Metals has announced the results of a preliminary economic assessment (PEA) looking at the expansion of its Yauricocha mine, in Peru, and has said that it is also considering growth options at the Cusi mine, in Mexico. At Yauricocha, Sierra has considering... 

Havilah hoping to raise more funds

By: Esmarie Iannucci     19th November 2020 ASX-listed Havilah Resources is hoping to raise A$2-million through a share purchase plan (SPP), days after completing a A$2.55-million share placement. The company on Thursday said that the SPP will provide eligible shareholders the opportunity to acquire up to A$30 000 worth of new shares in... 

Canada could be a major player in hydrogen, says law firm

By: Mariaan Webb     19th November 2020 With its abundant natural gas for conversion into hydrogen fuel, Canada could be a major player in the burgeoning hydrogen market, says law firm Fasken, which has recently launched a new hydrogen energy advisory team. Canada’s federal government is expected to soon unveil a national plan to ramp... 

Canada could be a major player in hydrogen, says law firm

Senex raises concerns around potential reservation

By: Esmarie Iannucci     19th November 2020 Government intervention into the domestic gas sector could have dire consequences, energy producer Senex Energy has warned. Chairperson Trevor Bourne told shareholders at the company’s annual general meeting on Thursday said that while sensible reforms could improve the efficiency of the gas... 

Upstream transactions in Asia Pacific lagging - WoodMac

19th November 2020 New research by global advisory Wood Mackenzie (WoodMac) has shown that 2020 is likely to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century. As of mid-November, only $426-million of assets have changed hands this year, down over... 

Upstream transactions in Asia Pacific lagging - WoodMac

Endeavour Silver expands Terronera

By: Creamer Media Reporter      19th November 2020 Midtier precious metals miner Endeavour Silver has expanded the footprint of its Terronera project, in Jalisco state, Mexico, to 20 128 ha through the acquisition of two adjacent groups of mineral concessions, La Sanguijuela and Cerro Gordo. “These two acquisitions not only expand our property... 

Red 5 joint ventures with Ardea

By: Esmarie Iannucci     19th November 2020 Juniors Red 5 and Ardea Resources have inked a joint venture (JV) agreement over two gold projects in Western Australia. Under the terms of the agreement, Red 5 will spend an initial A$1.5-million on exploration over a two year period to gain an initial 60% interest in the Mt Zephyr and Darlot... 

Kutcho kicks off feasibility study for BC copper/zinc project

By: Mariaan Webb     19th November 2020 TSX-V-listed Kutcho Copper has begun work on a feasibility study for its high-grade Kutcho copper/zinc development project, located in north-western British Columbia. CSA Global Consultants Canada will lead the feasibility study and will be supported by a team of resource, geotechnical,... 

OceanaGold sets emissions target

By: Esmarie Iannucci     19th November 2020 Dual listed gold miner OceanaGold has set itself a net zero emissions target by 2025. “OceanaGold has been strongly committed to responsible mining for 30 years, and with current emissions lower than global industry average, we are already on the journey to reduce our carbon footprint,”... 

Consortium tapped for hydrogen studies

By: Esmarie Iannucci     19th November 2020 A consortium led by the University of New South Wales (UNSW), advisory firm Deloitte and management consultancy Baringa Partners will undertake a German-Australian supply chain feasibility study of hydrogen produced from renewables’. The government selected the consortium to undertake the... 

Oil Search refocuses on Alaska

By: Esmarie Iannucci     19th November 2020 ASX-listed Oil Search has announced a renewed focus on its Alaskan projects as part of its response to the changing market environment, with first oil at the Pikka project targeted for 2025. MD Dr Keiran Wulff told investors on Thursday that the challenges posed by the Covid-19 pandemic and oil... 

Oil Search refocuses on Alaska

Brazilian state says Vale's $4bn dam offer is too low

By: Reuters     18th November 2020 Brazilian miner Vale's proposed settlement of around 21-billion reais ($3.97-billion) following a deadly 2019 dam disaster is too low, the head of the state of Minas Gerais, where the accident happened, said. After a meeting between authorities and the company about the Brumadinho dam burst in... 

Miners urged to introduce digitalisation, automation and AI into short-term plans

By: Simone Liedtke     18th November 2020 While the introduction of digitalisation, automation and artificial intelligence (AI) into miners' plans is generally a long-term plan, panelists at this year’s virtual Africa Mining Forum on November 18 have urged miners to incorporate these elements into their short-term plans where possible. 

Climate Transparency questions South Africa’s commitment to phasing out coal

By: Marleny Arnoldi     18th November 2020 A report by Climate Transparency has cautioned the Group of Twenty (G20) countries against quick-fix Covid-19 stimulus packages that favour fossil fuel industries. The global partnership has a shared mission to stimulate a “race to the top” in climate action in the G20 countries through enhanced... 

Emmerson completes enviro, social impact assessment on Khemisset

By: Marleny Arnoldi     18th November 2020 London-listed Emmerson has completed all of the workstreams required for its environmental- and social-impact assessment (Esia) for the Khemisset potash project, in Morocco, and will soon submit it to the relevant governmental bodies for approval. Emmerson says the assessment package comes as a... 

Ramaphosa stresses South Africa’s gateway-to-Africa role as he seeks to reignite investment amid Covid  

By: Terence Creamer     18th November 2020 President Cyril Ramaphosa used the platform of the third South Africa Investment Conference to underline the country’s potential to act a gateway to the African market, as he sought to reignite investor interest in an economy that has been underperforming for more than a decade and has been... 

Ramaphosa stresses South Africa’s gateway-to-Africa role as he seeks to reignite investment amid Covid
Photo by Creamer Media's Donna Slater
President Cyril Ramaphosa

Petmin hopeful of resolving Somkhele mine expansion obstacles soon

By: Donna Slater     18th November 2020 Anthracite miner Petmin has reiterated its hope that community issues and two court cases can be overcome and dealt with so that it can progress with the expansion of its Somkhele anthracite mine, about 85 km north of Richards Bay, in KwaZulu-Natal. Expansion of the mine has been hotly contested... 

Botswana Diamonds undertakes drilling on Thorny River, Marsfontein

By: Tasneem Bulbulia     18th November 2020 Dual-listed Botswana Diamonds has started drilling at its Thorny River and Marsfontein project areas in South Africa. The multihole drilling programme has begun on four target areas identified as being of high interest in a recent detailed ground geophysics survey. 

Resources Watch 

18th November 2020 Zambia copper explorer has exclusivity agreement with Anglo American; Platinum-linked green hydrogen economy right for Africa; And, Completion of first phase of Kore Potash’s new starter project expected in May 

Resources Watch
Resources Watch

Russia infrastructure plans raise risk for Baimskaya copper project – KAZ

By: Mariaan Webb     18th November 2020 The new infrastructure plans proposed for the Chukotka region of Russia have increased the risks around the Baimskaya copper project, with miner KAZ Minerals now expected to take responsibility for a portion of the capital costs. Together with a revised cost for the tailings storage facility and... 

Russia infrastructure plans raise risk for Baimskaya copper project – KAZ

Anglo’s investment commitment to South Africa up R15bn  

By: Martin Creamer     18th November 2020 Anglo American is on track to exceed its original investment commitment to South Africa, despite Covid-19 impacts, Mining Weekly can report. At this year’s SA Investment Conference, the London- and Johannesburg-listed diamond, platinum group metals and iron-ore mining company increased its total... 

Anglo’s investment commitment to South Africa up R15bn
Anglo American CEO Mark Cutifani

New Toral study significantly expands production

By: Mariaan Webb     18th November 2020 The Toral lead/zinc project, in north-west Spain, could be a significantly larger operation than previously contemplated, with a new independent study pegging its production rate at 700 000 t/y. This compares with a previous scoping study design of 450 000 t/y. The 700 000 t/y operation is... 

New Toral study significantly expands production

Green hydrogen, exploration offer best opportunities for South Africa’s mining sector 

By: Tasneem Bulbulia     18th November 2020 There are a myriad of opportunities that the mining industry can capitalise on, and the Covid-19 pandemic has provided a major catalyst for the collaboration required to unlock it, speakers said during a mining-focused session at the South African Investment Conference on November 17. Hydrogen... 

Ghana urges African governments to allow some independence in mining investment decisions

By: Simone Liedtke     18th November 2020 Allowing a degree of independence when investment institutions decide on investments with commercial principles, is “a model that other African countries may want to consider replicating,” Ghana Infrastructure Investment Fund (GIIF) CEO Solomon Asamoah urged on November 17. He said this model... 

Gamsberg zinc mine shut during search for missing miners, Vedanta says

By: Reuters     18th November 2020 Gamsberg zinc mine in South Africa has been shuttered until further notice while a search continues for two workers still missing after an accident, the owner Vedanta Zinc International (VZI) said on Wednesday. Eight workers have already been rescued after Tuesday's accident, the unit of Vedanta... 

PEA supports Revival Gold’s plans to resume Beartrack-Arnett

By: Creamer Media Reporter      18th November 2020 Exploration and development company Revival Gold has announced positive results from the preliminary economic assessment (PEA) for the Beartrack-Arnett phase one heap leach gold project, in Idaho, US. The results of the PEA supports the TSX-V-listed company’s plans to resume heap leach gold... 

PEA supports Revival Gold’s plans to resume Beartrack-Arnett

Barrick denies meddling in PNG political affairs

By: Creamer Media Reporter      18th November 2020 Porgera mine operator Barrick Niugini Limited (BNL) has dismissed claims that the company has meddled with Papua New Guinea’s political affairs and has said it will take legal action against individuals making false claims on social media platforms. A number of statements on Facebook and other... 

Barrick denies meddling in PNG political affairs

Wescoal starts retrenchment process as low domestic, export demand persists

By: Creamer Media Reporter      18th November 2020 Coal miner Wescoal has started the process to implement group-wide retrenchments, noting that this is necessary in light of lower demand from key customers, a lower selling price, above-inflation cost increases and the negative impact of Covid-19 on the company, which has necessitated a... 

De Beers says US, China diamond jewellery demand stable

By: Creamer Media Reporter      18th November 2020 Diamond miner De Beers sold $450-million of rough diamonds through sightholder sales and auctions in the ninth sales cycle of this year. This is an improvement on the $400-million of diamonds sold during the ninth sales cycle of 2019, but slightly lower than the $467-million of diamonds sold... 

Minotaur hoping to boost share value

By: Esmarie Iannucci     18th November 2020 Junior Minotaur Exploration has appointed Argonaut Capital to help extract value from its shares, with the company arguing that share prices were trading well below expectations. Speaking at the company’s annual general meeting, Minotaur chairperson Roger Higgins noted that based on the Great... 

IGO focused on growth in 2021

By: Esmarie Iannucci     18th November 2020 Metals miner Independence Group on Wednesday told shareholders that one of the company’s focus for 2021 would be growth. “Growth remains an important strategic imperative, exploration to deliver long term sustainable growth and disciplined merger and acquisition to deliver accretive growth in... 

Britain to ban new petrol cars and vans by 2030 on road to net zero emissions

By: Reuters     18th November 2020 Britain will move up a ban on new petrol and diesel cars and vans to 2030 and is eyeing 250 000 new jobs as part of a green industrial revolution, Prime Minister Boris Johnson said as he tries to meet Britain's net zero emissions climate target. Johnson is seeking to show his government is on... 

Vale ends meeting without dam burst disaster settlement

By: Reuters     18th November 2020 A hearing between Brazilian miner Vale and the government of Brazil's Minas Gerais state ended on Tuesday without the two sides agreeing on a settlement over a Jan. 2019 disaster in which a Vale dam burst and killed 270 people. The mining waste dam burst in the town of Brumadinho in Minas... 

Mali gold mine workers to go on 72-hour strike

By: Reuters     18th November 2020 The main union in Mali, which represents workers at most of the country's gold mines, said its members would launch a 72-hour strike beginning at midnight on Tuesday to push for better pay and bonuses. The National Union of Malian Workers (UNTM) says it represents 80% of unionised workers in the... 

Sasol's board agrees to 20% fee reduction

By: Reuters     18th November 2020 South Africa's Sasol said on Wednesday its board agreed to a 20% cut in the fees proposed for approval at its 2020 annual general meeting due to erosion of shareholder value over the past two years and challenges still facing the petrochemical firm. The fee reduction will remain in place until a... 

Bryah gets manganese offer

By: Esmarie Iannucci     18th November 2020 ASX-listed Bryah Resources has received a A$5-million conditional cash offer for its interest in the Bryah Basin manganese joint venture (JV), with fellow listed OM holdings. The company told shareholders on Wednesday that the offer from ASX-listed Primero Gropu and natural resources specialist... 

Cardinal hoping for third bidder

By: Esmarie Iannucci     18th November 2020 Takeover target Cardinal Resources on Wednesday said it was disappointed with the Australian Takeovers Panel’s decision not to intervene in the furor surrounding its ownership. The Takeovers Panel earlier this week declined an intervention request from all of the parties, saying there was no... 

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