https://www.engineeringnews.co.za
R/€ = 19.50 Change: -0.02
R/$ = 17.55 Change: -0.02
Au 1727.92 $/oz Change: 6.83
Pt 834.81 $/oz Change: 2.87
 

Mining News

Canadian ‘Mining Cares’ initiative raises over $190 000 for Covid-19 emergency relief

By: Simone Liedtke     19th May 2020 Not-for-profit organisation Young Mining Professionals (YMP) Toronto’s “Mining Cares” initiative has raised $190 420 for the United Way Greater Toronto (UWGT) Covid-19 Emergency Relief Fund. Donors of YMP raised $95 210, with YMP matching the first $5 000 of donations. 

Yamana’s mineral extension drilling in South America continues to bear fruit

By: Marleny Arnoldi     19th May 2020 TSX- and NYSE-listed Yamana Gold says exploration drilling results at two of its mines – Jacobina, in Brazil, and El Peñón, in Chile – continue to show growth in mineral reserves and mineral resources. Yamana says exploration at Jacobina in the second half of last year and through the first... 

Mandatory code of Covid mining practice gazetted 

By: Martin Creamer     19th May 2020 South Africa's guidelines for a mandatory Code of Practice (COP) to mitigate and manage the Covid-19 pandemic in the mining industry have been gazetted. Failure by employers to prepare and implement a mine's COP in line with the guidelines would constitute a criminal offence and a breach of the... 

Mandatory code of Covid mining practice gazetted
Photo by Creamer Media's Donna Slater
Mineral Resources and Energy Minister Gwede Mantashe

Sibanye-Stillwater to hold AGM electronically

By: Martin Creamer     19th May 2020 Precious metals mining company Sibanye-Stillwater on Tuesday announced the logistical arrangements for an electronically conducted annual general meeting (AGM) later this month. The Johannesburg- and New York-listed company, headed by CEO Neal Froneman, provided detailed steps for shareholders to... 

Sibanye-Stillwater to hold AGM electronically
Photo by Creamer Media's Donna Slater
Silbanye-Stillwater CEO Neal Froneman

Jubilee relocates chrome plant to maximise earnings 

By: Simone Liedtke     19th May 2020 Aim- and AltX-listed metals processing company Jubilee Metals will relocate its fine chrome operation from the Dilokong chrome mine (DCM) to the group’s larger Inyoni or Windsor operations in South Africa. Jubilee on May 19 said the move would optimise group earnings. 

Arc raises stake in Zaco to 72.5%

By: Tasneem Bulbulia     19th May 2020 Aim-listed Arc Minerals has acquired a further 20% interest in Zaco Investments, which owns the Zaco exploration licence, in Zambia. Arc now owns 72.5% of Zaco Investments' shares, with the balance held by Kopara Investments − Arc's partner at Zamsort. 

Australia commits A$2bn to climate change battle

By: Esmarie Iannucci     19th May 2020 The Australian resources and oil and gas sectors have welcomed the recommendations made in the King Review as well as the government’s commitment to a A$2-billion Climate Solutions Fund. The King Review which was commissioned in October of last year to identify new opportunities to unlock low... 

South African platinum coin sold out as global coin demand skyrockets 

By: Martin Creamer     19th May 2020 The initial minting of the new South Africa platinum coin has been an instant success as demand for platinum coins skyrockets worldwide. The 1 oz Elephant platinum bullion coin, which made its debut in March as part of a Big Five platinum bullion coin series, is completely sold out, World... 

South African platinum coin sold out as global coin demand skyrockets
South Africa's new platinum coin has been an instant success.

Byron Energy raises cash

By: Esmarie Iannucci     19th May 2020 Oil and natural gas explorer Byron Energy has raised A$16-million through a share placement, with the company hoping to raise a further A$4-million through a share purchase plan (SPP). Byron will place around 123.1-million shares, at a price of 13c each, in two tranches. 

Azure to restart Mexican exploration

By: Esmarie Iannucci     19th May 2020 ASX-listed Azure Minerals will resume silver and gold exploration in Mexico from June, after the Mexican government tapped the mining and exploration industry as an ‘essential service’ amid the Covid-19 pandemic. Azure on Tuesday said the resumption of activities was conditional upon the... 

Maiden resource at Tormin's Northern Beaches

By: Esmarie Iannucci     19th May 2020 A maiden Joint Ore Reserves Committee compliant resource of 2.5-million tonnes, at 23.5% total heavy minerals has been declared at the Northern Beaches of the Tormin mineral sands operation, in South Africa. “This represents yet another important milestone for our company. The delivery of a... 

Kefi receives central bank approval for proposed Tulu Kapi debt finance

By: Tasneem Bulbulia     19th May 2020 The National Bank of Ethiopia, Ethiopia's central bank, has approved signed term sheets with the project finance banks that will provide the long-term development debt finance for Aim-listed Kefi Minerals' Tulu Kapi gold project. The company says this reaffirms the Ethiopian government's ongoing... 

Rainbow Rare Earths further defines Gakara orebody

By: Donna Slater     19th May 2020 London-listed miner Rainbow Rare Earths reports that, resulting from a recent structural and lithological review of its Burundi-based Gakara project, three large carbonatite bodies have been identified, representing the regional source of rare earth elements. The structural and lithological... 

Tianqi Lithium parent to sell 6% stake in struggling Chinese firm

By: Reuters     19th May 2020 China's Tianqi Lithium, one of the world's biggest lithium producers, said on Monday its controlling shareholder planned to sell around a sixth of its holding, which could raise more than $200-million in much-needed cash. Tianqi has admitted liquidity problems following a deep fall in prices for... 

Antofagasta lowers dividend on Covid uncertainties

By: Creamer Media Reporter      19th May 2020 The board of Chilean copper producer Antofagasta has lowered its 2019 final dividend recommendation, citing uncertainty created by the Covid-19 crisis. The London-listed company said on Tuesday that while its operations were not affected the quarantine measures in the Greater Santiago area of... 

Antofagasta lowers dividend on Covid uncertainties

Ecuador to restart mining activity after pause due to pandemic

By: Reuters     19th May 2020 Ecuador will progressively restart mining activity this week after the government approved new security protocols for mineral transport and the return of workers to the mines amid the coronavirus pandemic, an official said over the weekend. Mining activity in the Andean nation fell by 60% since... 

Papua New Guinea court to rule on Barrick mine challenge in June

By: Reuters     19th May 2020 A Papua New Guinea court is set to rule next month on whether Barrick Gold can proceed with a legal challenge over the government's refusal to extend its lease on the Porgera gold mine, the head of the country's mining regulator said. Papua New Guinea (PNG) said last month it would take control... 

Papua New Guinea court to rule on Barrick mine challenge in June

Butcherbird tapped for 2021 start

By: Esmarie Iannucci     19th May 2020 A prefeasibility study (PFS) into the Butcherbird manganese project, in Western Australia, has identified a start-up manganese concentrate export scenario as part of a staged development strategy. ASX-listed Element 25 on Tuesday said that the base case assumed an annual production of 312 000... 

Nickel Mines in A$231m equity deal

By: Esmarie Iannucci     19th May 2020 ASX-listed Nickel Mines has launched a A$231-million equity raise to fund the purchase of additional interest in the Hengjaya and Ranger Nickel rotary kiln electric furnace (RKEF) plants, in Indonesia. Nickel Mines on Tuesday revealed that it had struck an agreement with project partner... 

Pitt urges more oil and gas development

By: Esmarie Iannucci     19th May 2020 Federal Resources, Water and Northern Australia Minister Keith Pitt has called for continued investment in the Australian oil and gas sector, despite the price volatility. Speaking in Queensland, Pitt this week said that despite the recent, short-term global oil and gas prices volatility,... 

Pitt urges more oil and gas development

OreCorp raises A$13m for Tanzanian project

By: Esmarie Iannucci     19th May 2020 Gold and base metal developer OreCorp has raised A$13.56-million through a share placement to institutional and sophisticated investors to fund continued work at its Nyanzaga gold project, in Tanzania. The company will place 45.2-million shares, at a price of 30c each in a single tranche, under... 

Vast raises more than £900 000 to advance Baita Plai

By: Tasneem Bulbulia     18th May 2020 Aim-listed Vast Resources has raised in aggregate £901 416.66 through a placing and a subscription of ordinary shares in the company. The placing was undertaken by the company’s joint broker Axis Capital Markets. The cash raised from the placing and subscription will be applied to provide... 

Equatorial Guinea mines ministry signs first five mining contracts

By: Donna Slater     18th May 2020 Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) has signed the first mining contracts in the country’s history, following the conclusion of the country’s inaugural mining bidding round last year. The ministry signed five mining contracts with three different companies, including one... 

Palladium jumps above $2 000 amid optimism over China reopening

By: Reuters     18th May 2020 Palladium jumped by the most since March amid renewed optimism about China’s economy reopening and planned stimulus for automakers, the biggest consumers of the metal. Palladium held above $2 000/oz, after gaining 6.7% as of 2:06 p.m. in London. It has dropped about a third since hitting a... 

Platinum group metals prices fall but markets tight – Johnson Matthey 

By: Martin Creamer     18th May 2020 Platinum group metals (PGM) supply and demand will be severely impacted by the Covid-19 pandemic, as national lockdowns hit auto production as well as South African mine output, Johnson Matthey said on Monday. Autocatalyst use was expected to fall by at least 15% to 20% and PGM supply by more... 

Platinum group metals prices fall but markets tight – Johnson Matthey
Photo by Creamer Media
Johnson Matthey principal analyst Alison Cowley

Eskom describes Nersa’s treatment of coal costs in latest RCA claim as ‘significant shift’ 

By: Terence Creamer     18th May 2020 State-owned electricity group Eskom says the National Energy Regulator of South Africa’s (Nersa’s) latest regulatory clearing account (RCA) determination for the 2018/19 financial year contains “some encouraging decisions”, highlighting its treatment of coal costs as representing a particularly... 

Eskom describes Nersa’s treatment of coal costs in latest RCA claim as ‘significant shift’

Uitkomst mine ramps up to strong customer demand for its met coal 

By: Martin Creamer     18th May 2020 The mechanised Uitkomst Colliery has successfully ramped-up production to the stipulated 50% labour capacity level since recommencing operations, MC Mining said on Monday. In a market update on the impact on the company of the Covid-19 pandemic, MC Mining stated that it remained focused on taking... 

Uitkomst mine ramps up to strong customer demand for its met coal
Uitkomst Colliery

Glencore Coal donating food to Mpumalanga communities

By: Martin Creamer     18th May 2020 Glencore group company Glencore Coal had, at the time of Mining Weekly going to press, distributed more than 1 250 food parcels worth over R658 000 to the communities of Mpumalanga, as part of its ongoing response to the Covid-19 pandemic. Last month, the London- and Johannesburg-listed Glencore... 

Glencore Coal donating food to Mpumalanga communities
Glencore Coal's food parcels for distribution to vulnerable communities.

Centamin achieves positive full-year results

By: Simone Liedtke     18th May 2020 Gold miner Centamin's earnings a share for the year ended December 31, 2019, increased by 17% year-on-year to $0.76. Its earnings before interest, taxes, depreciation and amortisation also increased by 10% year-on-year to $172.9-million, while operational cash flow improved by 11% to $249-million. 

Kibo Energy inks power purchase agreement with Baobab Resources

By: Donna Slater     18th May 2020 Africa-focused Kibo Energy has signed a binding term sheet with mining company and steelmaker Baobab Resources to supply 200 MW of energy to Baobab's Tete Steel and Vanadium (TSV) project, in Mozambique. 
 
Recognised as a key development project in Mozambique, the TSV project is about 36 km from... 

AMCU urges govt to make universal testing for mineworkers mandatory

By: Marleny Arnoldi     18th May 2020 The Association of Mineworkers and Construction Union (AMCU) has reiterated its call for universal testing of all mineworkers. This follows after 19 new Covid-19 infections were diagnosed at Impala Platinum’s Marula mine, in Limpopo, over the weekend.  

AMCU urges govt to make universal testing for mineworkers mandatory
Photo by Creamer Media's Donna Slater
AMCU president Joseph Mathunjwa

Sweden reports its biggest ever quake caused by mining in Arctic

By: Reuters     18th May 2020 Sweden reported its biggest ever earthquake caused by mining on Monday at an iron ore mine north of the Arctic Circle run by state firm LKAB. The quake measured magnitude 4.1, the Department of Earth Sciences at Uppsala University said. Noone was injured, Swedish media reported. The more than... 

Sweden reports its biggest ever quake caused by mining in Arctic
Photo by Fredric Alm / Alm & ME
Aerial view of Kiruna

Arkle placement and Glencore funding ‘strong endorsement’ of Stonepark

By: Mariaan Webb     18th May 2020 Irish gold and zinc exploration company Arkle Resources has undertaken a placing to raise £250 000 for exploration at the Stonepark joint venture (JV), which it owns with TSX-V-listed Group Eleven. The company will issue 33 3333 333 new shares at 0.75 p a share to raise the funds, which it will... 

Oriole receives £165 000 tax rebate for West African geoscientific advancements

By: Marleny Arnoldi     18th May 2020 Aim-listed gold explorer Oriole Resources has received a rebate of £165 000 from UK Revenue and Customs. This relates to a research and development (R&D) tax relief claim as a result of geoscientific advances made by the company through its exploration programmes in Senegal and, more recently,... 

Hybrid renewable microgrid up and running at Gold Fields' Agnew

By: Esmarie Iannucci     18th May 2020 The 56 MW Agnew hybrid renewable project at gold miner Gold Field’s Agnew mine, in Western Australia, has been completed. Energy producer EDL on Monday said that all five wind turbines were now operational and have been successfully integrated into Australia’s largest hybrid renewable microgrid,... 

Hybrid renewable microgrid up and running at Gold Fields' Agnew

Weekly Coal Index Report

18th May 2020 As stated last year, Norway’s trend setting SWF finally disposed of all its shares in Anglo American, Glencore, RWE, Sasol and Vale, some of the biggest names in coal. Due to recent market volatility, it only reported the sale as finalised last week. Chinese coal production rose 1.3% during... 

Weekly Coal Index Report

Ferrexpo names insider James North as acting CEO

By: Reuters     18th May 2020 Iron-ore pellets producer Ferrexpo on Monday appointed James North as its acting CEO, six months after Kostyantin Zhevago stepped down temporarily to resolve issues at his former business in Ukraine. North, currently the company's chief operating officer, will take on additional duties with... 

3 4 5 6
7
8 9 10 11

Company Post

more

Latest News

more

Latest Videos

more

Company Announcements

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

Read 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 Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close