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Mining News

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... 

Aus introduces new legislation to help small businesses

By: Esmarie Iannucci     13th May 2020 The Federal government on Wednesday introduced legislation to Parliament to assist small businesses to get paid on time. The Payment Times Reporting Bill 2020 will legislate transparency for large business payment times by requiring large businesses to report payment performance providing small... 

Resolute completes share placement for A$195m raise

By: Esmarie Iannucci     13th May 2020 Gold miner Resolute Mining has completed a A$195-million capital raise after gaining shareholder approval for the second tranche of its placement. The miner in January announced plans for the capital raise to repay its $130-million Toro Gold bridge facility. 

SilverCrest to restart Las Chispas

By: Creamer Media Reporter      13th May 2020 TSX- and NYSE American-listed SilverCrest has announced that it will restart exploration and development work at its Las Chispas project in Sonora, Mexico by mid-May using strict Covid-19 protocols. CEO Eric Fier says operations will resume in a staged approach. SilverCrest has also announced... 

World’s top mining companies committed to climate change solutions – ICMM 

By: Martin Creamer     13th May 2020 Twenty seven of the world's leading mining and metals companies and 36 associations are committed to climate change solutions through their membership of the International Council on Mining and Metals (ICMM), Mining Weekly can today report. The ICMM is an international organisation dedicated to a... 

World’s top mining companies committed to climate change solutions – ICMM
International Council on Mining and Metals CEO Tom Butler

Endeavour Mining, Semafo merger may be subject to security review in Canada

By: Mariaan Webb     13th May 2020 TSX-listed miner Semafo said on Tuesday that its merger with fellow-listed Endeavour Mining to form the largest gold miner in West Africa continued to receive strong shareholder support. A vote regarding the proposed merger is set down for May 28 during a live audio webcast. However, Semafo... 

Great Panther reports more positive Covid-19 cases

By: Creamer Media Reporter      13th May 2020 TSX-listed Great Panther Mining has reported more positive Covid-19 cases at its operations, but says its Tucano gold mine, in Brazil, is continuing to operate at full capacity and that it still plans to resume operations at Topia and Guanajuato Mine Complex (GMC), in Mexico. Two additional... 

Vale to spend $2bn to cut carbon emissions 33% by 2030

By: Reuters     13th May 2020 Brazilian miner Vale plans to spend at least $2-billion to cut both its direct and indirect carbon emissions by 33% by 2030, CEO Eduardo Bartolomeo told Reuters on Tuesday. Direct emissions refer to those from the company's own operations, while indirect come from external sources, like... 

Red 5 completes share placement advances FS

By: Esmarie Iannucci     13th May 2020 Gold miner Red 5 has completed a second tranche share placement of more than 522.9-million shares, at a price of 18c each, following shareholder approval. The ASX-listed company at the end of March announced a A$125-million capital raise, consisting of a two-tranche placement to sophisticated... 

Consolidated Tin restarts operations

By: Esmarie Iannucci     13th May 2020 Mining operations have restarted at the Mt Garnet base metals project and the Dry River South mine, in Queensland, have resumed operations. ASX-listed Consolidated Tin Mines in March this year halted operations and placed its Mt Garnet and Surveyor projects on care-and-maintenance, and employees... 

Mineral sands offering an opportunity for Australia

By: Esmarie Iannucci     13th May 2020 Australia is poised to take advantage of global mineral sands demand, the Minerals Council of Australia (MCA) said on Wednesday, pointing out that Australia hosted the world’s largest mineral sands deposits and was home to a number of active mineral sands companies. The MCA noted in a new report... 

Rio Tinto sees changes ahead 

By: Esmarie Iannucci     13th May 2020 Mining major Rio Tinto is bracing for a changed market environment post Covid-19. CEO Jean Sebastian-Jacques told delegates on the Bank of America Global Metals, Mining and Steel Conference that the mining industry would need to transform to operate and thrive in a post pandemic reality. 

Rio Tinto sees changes ahead
Photo by Bloomberg
Rio Tinto CEO Jean Sebastian-Jacques

Fitch Solutions expects most metal markets to move into a surplus this year

By: Simone Liedtke     13th May 2020 Most metals markets are expected to move into a surplus this year, says research firm Fitch Solutions, noting that consumption is likely to decrease more than the decreases in production capacity, as a result of the spread of Covid-19. Although some operational hurdles, owing to government... 

BHP sticking with spending strategy amid coronavirus shock

By: Reuters     12th May 2020 BHP Group will stick with its capital allocation framework, which assesses the best way to deploy spending across the group, despite the impact of the coronavirus pandemic, CEO Mike Henry said. Speaking at a virtual presentation at Bank of America, Henry said the framework, introduced in 2016,... 

BHP sticking with spending strategy amid coronavirus shock
Bloomberg CEO Mike Henry

CEF denies nine ‘requests’ for support amount to a bailout 

By: Terence Creamer     12th May 2020 South Africa’s State-owned Central Energy Fund (CEF) has outlined an extensive list of support measures – including access to a portion of the fuel levy and carbon-tax proceeds – which it argued on Tuesday would help extricate the group from a “precarious financial position”, precipitated by... 

CEF denies nine ‘requests’ for support amount to a bailout
Photo by Creamer Media
The PetroSA refinery in Mossel Bay

Council increases mapping to drive South Africa's exploration attractiveness 

By: Donna Slater     12th May 2020 As part of government’s response to keep the South African economy afloat during the outbreak of Covid-19 and beyond, the Council for Geosciences (CGS) has been mandated to increase its country-wide survey to bolster South Africa as an exploration hotspot once the lockdown is over. CGS CEO Mosa... 

Anglo delivering through volatile times with $14.5bn liquidity  

By: Martin Creamer     12th May 2020 How Anglo American is ‘delivering through volatile times’ was outlined on Tuesday  at Bank of America’s virtual global metals, mining and steel conference, where it reiterated its strong liquidity position of $14.5-billion, made up of $6.9-billion in cash and $7.6-billion in undrawn committed... 

Anglo delivering through volatile times with $14.5bn liquidity
Photo by Anglo American
Anglo American's FutureSmart MiningTM is an innovation-led approach to sustainable mining.

Miners learning lessons from global Covid-19 experiences

By: Simone Liedtke     12th May 2020 Information gathered from across the globe is paving the way for South Africa’s surface mines to prevent the spread of the Covid-19 disease in the workplace and mitigate its effects during and after the pandemic, Aggregate and Sand Producers Association of Southern Africa (Aspasa) says. With the... 

Miners learning lessons from global Covid-19 experiences
Aspasa director Nico Pienaar

South Africa's chrome output to be constrained for a while, says CRU

By: Marleny Arnoldi     12th May 2020 Research agency CRU says South African opencast chrome mines will be restarting at reduced capacity and that chrome ore supply will be tighter than the pre Covid-19 levels for some time. It notes that physical distancing measures in response to Covid-19 had resulted in disruptions to mining in... 

Alrosa’s April sales virtually stopped

By: Creamer Media Reporter      12th May 2020 Sales for the world’s largest diamond miner by volume, Alrosa, came to a near halt in April, with the company only selling $15.6-million in rough and polished diamonds in the month. This compares with sales of $152.8-million in March and $405-million in January this year. 

Alrosa’s April sales virtually stopped

Zambia shuts Tanzania border to fight Covid-19, delaying copper exports

By: Reuters     12th May 2020 Zambia temporarily shut its border with Tanzania to enhance measures against the spread of the new coronavirus, delaying its main copper exports via Dar es Salaam, a minister said on Tuesday. President Edgar Lungu on Sunday directed the closure after the border town of Nakonde recorded 76 cases... 

RBPlat supports local communities during pandemic

By: Simone Liedtke     12th May 2020 Royal Bafokeng Platinum (RBPlat) has pledged R3-million to support its local communities during the Covid-19 pandemic. The investment will provide about 2 500 food hampers and hygiene care packs to the needy and vulnerable communities over a three-month period. 

RBPlat supports local communities during pandemic
Photo by Creamer Media
RBPlat CEO Steve Phiri

Indonesia passes new mining law revisions, met with praise and protest

By: Reuters     12th May 2020 Indonesia's parliament passed revisions to its mining law on Tuesday that will allow miners to extend permits and seek expansion of mining areas beyond current legal limits. Other parts of the law are also largely in line with mining rules under a proposed sweeping "omnibus" bill, aimed at... 

Indonesia passes new mining law revisions, met with praise and protest
The Grasberg mine, in Indonesia.

DMRE invites comment on Covid-19 guidelines for mining sector

By: Marleny Arnoldi     12th May 2020 The Department of Mineral Resources and Energy (DMRE) on May 11 published a guideline for public comment, which involves the compilation of a mandatory code of practice for the mitigation and management of Covid-19 in the mining sector. The department in a statement confirmed that this was in... 

DMRE invites comment on Covid-19 guidelines for mining sector

Nedbank tables climate risk resolutions for May 22 shareholder meeting

By: Marleny Arnoldi     12th May 2020 In a first for a South African company, Nedbank’s board has tabled its own shareholder resolution on climate risk. Nedbank is also the first and only South African financial institution that has completely excluded the financing of new coal-fired power plants, says nonprofit responsible... 

Caledonia records strong first quarter

By: Tasneem Bulbulia     12th May 2020 Gold miner Caledonia Mining recorded a continued strong financial and operating performance at its blanket gold mine, in Zimbabwe, in the quarter ended March 31, Caledonia CEO Steve Curtis says. “The management initiatives which were implemented in 2019 have resulted in an almost 20% increase in... 

Armadale enhances Mahenge Liandu throughput with updated mine schedule

By: Donna Slater     12th May 2020 A new mine schedule for the Mahenge Liandu graphite project in south-east Tanzania will result in a 30% increase in the production of large-flake high-purity graphite to 109 000 t/y of concentrate over the life of mine, reports natural resource investment group Armadale Capital. The updated mine... 

Climate-smart mining tech even more important in a Covid-19 context – World Bank

By: Marleny Arnoldi     12th May 2020 The production of minerals such as graphite, lithium and cobalt could potentially increase by 500% by 2050 to meet the growing demand for clean energy technologies, the World Bank reports. In a report, titled 'Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition',... 

Sibanye reports record earnings, record gold safety, cut debt ratio 

By: Martin Creamer     12th May 2020 Record quarterly earnings, record gold-mining safety and a sharply falling debt ratio were achieved by precious metals mining company Sibanye-Stillwater in the first three months of 2020. In an operating update for the quarter ended March 31, the Johannesburg- and New York-listed company... 

Sibanye reports record earnings, record gold safety, cut debt ratio
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Afrimat ramping up operations in line with market demand

By: Tasneem Bulbulia     12th May 2020 The impact of the South African Covid-19 lockdown on the Afrimat group was dampened by the partial reopening of its Demaneng iron-ore mine and certain industrial minerals operations early in the lockdown period, the company reports. It says the reopening had been undertaken while taking the... 

Mining set to start at Boorara

By: Esmarie Iannucci     12th May 2020 The Boorara gold mine, in Western Australia, is poised to deliver its first gold in July this year, after the board of ASX-listed Horizon Metals gave approval for the development of the first stage of the project. “The commencement of mining at Boorara is a significant milestone for the company,... 

Mining set to start at Boorara

Kibo increases Mozambique land holding to expand energy projects

By: Donna Slater     12th May 2020 Africa-focused energy company Kibo Energy has acquired 345 ha of land adjacent to its Benga power plant project, in Mozambique's Tete province. Alongside hosting a 150 MW to 300 MW thermal power plant, which is being developed as part of a joint venture agreement with local energy company... 

Cameco restarts Port Hope, Cigar Lake remains shut

By: Creamer Media Reporter      12th May 2020 TSX- and NYSE-listed Cameco has announced that it is resuming production at its Port Hope Conversion Facility’s UF6 plant and its Blind River refinery in Ontario. Both operations will restart in the week of May 18, and achieve regular production levels the week of May 25. 

Cameco restarts Port Hope, Cigar Lake remains shut
Port Hope UF6 facility in Ontario.

NTM puts a number on Hub

By: Esmarie Iannucci     12th May 2020 Junior NTM Gold has reported a maiden inferred mineral resource of 89 300 t, grading 4.9 g/t gold for 140 800 oz of contained gold at its Hub deposit, in Western Australia. The mineral resource estimate includes oxide, transitional and fresh material, the company added, with the oxide component... 

BHP completes first yuan-based iron-ore sale to China's Baosteel

By: Reuters     12th May 2020 The world's top listed miner BHP Group said on Tuesday it had made its first yuan-denominated sale of iron-ore to China Baoshan Iron & Steel Co, known as Baosteel, and would explore using blockchain for such transactions in future. The deal, worth nearly 100-million yuan ($14.1-million), shows... 

BHP completes first yuan-based iron-ore sale to China's Baosteel

ioneer advances Rhyolite Ridge

By: Esmarie Iannucci     12th May 2020 Lithium/boron developer ioneer has submitted its project plan for its Rhyolite Ridge project, in Nevada, to the US Bureau of Land Management (BLM). The company told shareholders that a submission of the plan was a significant step towards project approval. 

Galalar resource increases by 25%

By: Esmarie Iannucci     12th May 2020 ASX-listed Diatreme Resources has reported a 25% increase in the resource estimate at its Galalar silica sands project, in Queensland. The project is now estimated to host some 47.5-million tonnes of mineral resource, with Diatreme also announcing a maiden measured mineral resource estimate of... 

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