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Mining News

Government saddened at the death of business leader Mokgatle

By: Donna Slater     11th January 2021 Government conveys its sadness about the death of Peotona Group Holdings co-founder and executive director Dolly Mokgatle. She was an established business leader who held various leadership positions within several of South Africa’s State-owned enterprises and the private sector.  

IronRidge completes sale of May Queen project

By: Tasneem Bulbulia     11th January 2021 Aim-listed IronRidge Resources has completed the sale of its noncore May Queen gold project, in South East Queensland, to Australia-focussed gold explorer Australasian Gold. IronRidge says this will enable it to maintain focus on its core African portfolio. 

McEwen raises funds for Ontario gold project

By: Marleny Arnoldi     11th January 2021 Canadian miner McEwen Mining has announced a private placement offering of about 11.6-million shares, priced at $1.02 apiece, to raise $11.8-million. The offering, expected to close on January 28, will be used to fund development of the company’s Froome gold deposit, located within the Black... 

Former Freeport-McMoRan chairperson dies

By: Marleny Arnoldi     11th January 2021 NYSE-listed Freeport-McMoRan has announced the death of its former chairperson James Moffett. Moffett, passing away at the age of 82, served as chairperson of the company from 1984 to 2015, as well as CEO from 1984 to 2003. 

Weekly Coal Index Report

11th January 2021 As the coal bulls remain firmly in charge, scientists have figured out how to turn low quality pulverized coal into polycrystalline nano-particles of graphite, opening up new uses for coal in applications from fire extinquishers to lithium-ion batteries. Looking back over 2020, Vietnam is now... 

Weekly Coal Index Report

Gascoyne posts another solid quarter

By: Esmarie Iannucci     11th January 2021 Gold miner Gascoyne Resources on Monday told shareholders that it was tracking towards the upper end of its production guidance for the 2021 financial year, following a strong December quarter. Gascoyne produced 20 381 oz of gold in its December quarter, up slightly from the 20 314 oz produced... 

Strike to pursue A$2.3bn urea project in WA

By: Esmarie Iannucci     11th January 2021 ASX-listed Strike Energy on Monday announced plans to advance its Project Haber urea project, in Western Australia. The A$2.3-billion project would consist of a 1.4-million-tonne-a-year urea production facility processing gas from Strike’s Greater Erregulla development, in the Perth basin. The... 

First application made for power-tariff relief under new DMRE frameworks 

By: Terence Creamer     11th January 2021 The first application for tariff relief provided for under the Negotiated Pricing Agreement (NPA) frameworks published late last year by the Department of Mineral Resources and Energy (DMRE) has been submitted to the National Energy Regulator of South Africa (Nersa) for authorisation. Nersa tells... 

First application made for power-tariff relief under new DMRE frameworks

Piedmont takes a stake in Sayona

By: Esmarie Iannucci     11th January 2021 US major Piedmont Lithium will take a 19.9% stake in ASX-listed Sayona Mining, and a 25% interst in the company’s subsidiary Sayona Quebec Inc, for a total investment of $12-million. The two companies on Monday announced that Piedmont would acquire an initial 9.9% interest in Sayona for a... 

Piedmont takes a stake in Sayona

Tigers Realm completes bookbuild

By: Esmarie Iannucci     11th January 2021 ASX-listed Tigers Realm has completed the shortfall bookbuild to its recent 1-for-1.4 renounceable entitlement offer, which had been priced at 0.8c a share. The company said on Monday that some 2.8-billion entitlements, representing those not taken up in the retail and institutional entitlement... 

Lucapa sells first diamonds for 2021

By: Esmarie Iannucci     11th January 2021 Diamond miner Lucapa has raised A$7.2-million in revenue from its first diamond sales of 2021 from its Mothae mine, in Lesotho. The miner on Monday reported that a parcel of 4 676 ct of rough diamonds were sold for a total of $5.6-million, or $1 198 per carat, marking the highest average US... 

Montero secures funding for lawsuit against Tanzanian government

By: Creamer Media Reporter      10th January 2021 Junior exploration company Montero Mining and Exploration has completed a litigation funding agreement with Omni Bridgeway Canada to draw down $2.32-million from a financing facility to meet fees and expenses relating to Montero's pursuit of legal claims against the government of Tanzania.... 

Fortuna Silver signs option agreement to earn stake in Mexico project

By: Creamer Media Reporter      10th January 2021 Precious metals mining company Fortuna Silver Mines and its subsidiary Compania Minera Cuzcatlan (CMC) have entered into an option agreement to earn up to an 80% interest in the Taviche silver project, in Oaxaca, Mexico, from TSX-listed Gold79 Mines. Under the terms of the agreement, CMC will act... 

UK shareholder raises concerns over Rio/BHP Arizona mine

By: Reuters     10th January 2021 A leading British local government pension group has urged mining giants Rio Tinto and BHP to clarify how they intend to protect the environment in and around an Arizona copper project that is opposed by many Native American tribes. The Local Authority Pension Fund Forum (LAPFF), a shareholder in... 

UK shareholder raises concerns over Rio/BHP Arizona mine

Appian Capital Advisory’s second fund reaches $775m cap

By: Simone Liedtke     10th January 2021 Investment advisor Appian Capital Advisory’s second fund was oversubscribed and reached its hard cap of $775-million following strong support from both new and existing Tier 1 investors globally. Called Fund II, the fund will pursue the same proven strategy as Appian’s first fund (Fund I),... 

Appian Capital Advisory’s second fund reaches $775m cap
Atlantic Nickel pit at night

Osisko Development completes C$68.6m private placement offering

By: Donna Slater     8th January 2021 TSX-listed gold project developer Osisko Development has completed a previously announced nonbrokered private placement of 9.34-million units at a price of C$7.50 apiece for aggregate gross proceeds of about C$68.6-million. The proceeds will be used to further develop the Cariboo gold project,... 

First gold pour positions Pure Gold for future success

By: Tasneem Bulbulia     8th January 2021 Canadian miner Pure Gold Mining achieved the first gold pour at its mine in Red Lake, Ontario, on December 29, with this milestone marking the company’s transformation from explorer to producer, as well as to being cash flow generative, CEO, president and director Darin Labrenz tells Mining... 

First gold pour positions Pure Gold for future success
First pour

Gupta-linked firm was appointed to market and sell Alexkor joint venture diamonds, inquiry hears 

By: News24Wire      8th January 2021 A firm which was appointed to market and sell diamonds for a joint venture that state-owned diamond mining company Alexkor was part of had links to the Gupta family, the judicial commission of inquiry into state capture heard. The commission, chaired by Deputy Chief Justice Raymond Zondo, held... 

Brazilian Nickel completes $27.57-million raise to advance Piauí nickel project

By: Tasneem Bulbulia     8th January 2021 Private UK company  Brazilian Nickel (BRN) has raised $27.57-million. Of the overall amount, $25-million was invested by BRN’s funding partner, private company TechMet. 

Pembridge to raise £570 000 to cover operational costs

By: Simone Liedtke     8th January 2021 LSE-listed Pembridge Resources intends to raise £570 000 to finance its operations without requiring any additional financing to cover its current operational costs. The company’s board has reviewed its projected costs and income for the next two years, which includes the C$4-million lent to... 

Tanzanian Gold expands relationship with JV partner for Buckreef project

By: Simone Liedtke     8th January 2021 TSX-listed Tanzanian Gold and its joint venture (JV) partner, the State Mining Company (Stamico), have submitted an updated mine plan for the Buckreef gold project, in Tanzania, to the country’s Mining Commission. Stamic, which is 100% owned by the Tanzania government, owns a 45% nondilutable... 

Capital makes strides in getting all equipment on Sukari site for mining start 

By: Marleny Arnoldi     8th January 2021 London-listed mining services company Capital Limited says payments on major capital equipment items required for contracts related to waste mining and extended drilling services at London-listed Centamin's Sukari gold mine, in Egypt, have significantly progressed. The company in December... 

Capital makes strides in getting all equipment on Sukari site for mining start
The Sukari openpit mine

Rambler appoints Easen Chen new CFO

By: Simone Liedtke     8th January 2021 Aim-listed Rambler Metals and Mining has appointed Eason Chen CFO on a full-time basis. Chen has served as nonexecutive director of Rambler for the past eight years and, with his appointment as CFO, will transition to an executive director role. 

Trump moves to loosen mining regulations, approve projects as he exits

By: Reuters     8th January 2021 Outgoing US President Donald Trump's administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes. Administration officials tell Reuters they plan to publish a raft of... 

Trump moves to loosen mining regulations, approve projects as he exits
Donald Trump

Glencore in final-stage talks over Mopani stake sale to Zambia 

By: Reuters     8th January 2021 Glencore said on Friday it was in final-stage negotiations over a potential sale of its majority stake in Mopani Copper Mines to Zambia's mining investment arm ZCCM-IH. Zambian state radio ZNBC earlier reported the government had concluded talks with Glencore, citing President Edgar Lungu. 

BHP partners with Toyota for electric vehicle trial at Nickel West

By: Donna Slater     8th January 2021 Diversified miner BHP and automotive manufacturer Toyota Australia have partnered on a new light electric vehicle (LEV) trial at BHP’s Nickel West operations in Western Australia. Under the partnership, a LandCruiser 70 has been converted from running on diesel to being fully electric through... 

BHP partners with Toyota for electric vehicle trial at Nickel West

The little-known laws that could galvanise South Africa's fight against corruption

By: News24Wire      8th January 2021 After more than 300 days and 2 000 hours of testimony, one of the clearest takeaways from the ongoing state capture inquiry is a repeated failure to report corruption. But according to lawyer Nick Alp of Webber Wentzel, South Africa's laws are clear and strict. Not reporting knowledge of, or even... 

Northern Sphere appoints new CFO

By: Marleny Arnoldi     8th January 2021 Canadian exploration company Northern Sphere Mining Corporation has appointed Arvin Ramos to succeed Monique Delorme as CFO. Delorme has resigned, effective immediately. 

Gensource appoints new CFO

By: Marleny Arnoldi     8th January 2021 TSX-V-listed fertiliser development company Gensource Potash Corporation has advised that Alton Anderson will transition to the role of CFO, effective April 1. He joined the company on January 1 to transition into the role. 

Frontier Lithium starts Falconbridge pilot plant operations

By: Donna Slater     8th January 2021 TSX-listed junior miner Frontier Lithium and XPS Expert Process Solutions – a Glencore company − have started mini-pilot plant operations at their research and development centre in Falconbridge, Ontario, and at other off-site locations. Frontier last year awarded XPS the contract to jointly... 

BWR receives $300 000 grant from Manitoba Mineral Development Fund

By: Simone Liedtke     8th January 2021 The Manitoba Mineral Development Fund (MMDF) will provide a $300 000 grant to TSX-V-listed BWR Exploration to advance the Little Stull Lake gold project, in Northeastern Manitoba. Prior to entering into a contribution agreement with the MMDF, BWR will need to provide confirmation of required... 

Eldorado Gold lifts production by 34% y/y

By: Donna Slater     8th January 2021 TSX- and NYSE-listed gold and base metals producer Eldorado Gold reports that its gold production for 2020 had increased by 34% year-on-year to 528 874 oz, in line with guidance of between 520 000 oz and 550 000 oz. Production at the Lamaque mine, in Canada, exceeded guidance despite a... 

Spearmint mulls spinout of lithium assets

By: Marleny Arnoldi     8th January 2021 Canadian exploration company Spearmint Resources is considering the transfer of its lithium exploration projects to a new subsidiary, which would be spun out pro rata to the shareholders of Spearmint. The company has advised that a spinout of this sort, if it proceeds, would be subject to several... 

Teck, First Nation ink agreement to conserve 7 000 ha of land

By: Simone Liedtke     8th January 2021 The Ktunaxa Nation and TSX-listed Teck Resources have signed a joint management agreement for the conservation of more than 7 000 ha of land bought by Teck in 2013. The lands are part of Teck’s steelmaking coal operations in southeast British Columbia. 

Endeavour Silver reports strongest operational performance in two years

By: Simone Liedtke     8th January 2021 TSX-listed Endeavour Silver had its strongest operational performance in two years during 2020 owing to measures initiated in 2019 to return the Guanacevi and Bolañitos mines, in Mexico, to profitability. The company’s full-year production met its original guidance, notwithstanding the... 

South Deep Covid protocols, platinum demand, decarbonisation make headlines 

8th January 2021 Mining Weekly Editor Martin Creamer unpacks back-to-work protocols at South Deep, the building of hydrogen infrastructure in the US being a good boost for platinum demand and mining companies being pressurised to commit to a decarbonised future. 

South Deep Covid protocols, platinum demand, decarbonisation make headlines
South Deep Covid protocols, platinum demand, decarbonisation make headlines

Deep-South Resources increases offering to C$4.5m amid 'significant demand'

By: Donna Slater     8th January 2021 TSX-listed minerals explorer Deep-South Resources says that, owing to “significant demand”, it has upsized a previously announced nonbrokered private placement from C$2-million to C$4.5-million. The net proceeds from the offering will be used to further explore and advance the Haib copper... 

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