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Mining News

Griffin to increase mining rate at Caijiaying mine

By: Marleny Arnoldi     8th January 2021 London-listed zinc producer Griffin Mining says it will soon start development towards mining 1.5-million tonnes of ore a year at its Caijiaying mine, in China. It has been granted a mining licence for Zone 2, adjacent to Zone 3 that it has been mining since 2005. 

Tempus MD hangs up his hat

By: Esmarie Iannucci     8th January 2021 ASX- and TSX-V listed Tempus Resources has flagged the resignation of MD Brendan Borg. The company said on Friday that the effective date of Borg’s resignation would be confirmed following an appropriate transition period. 

FAR awaits possible takeover offer

By: Esmarie Iannucci     8th January 2021 ASX-listed FAR will postpone a shareholders meeting to vote on the sale of its share in the in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture (JV), in Senegal, to partner Woodside, as it awaits a formal offtake offer from Remus Horizons PCC. FAR in... 

Govt plans more diesel storage

By: Esmarie Iannucci     8th January 2021 The Australian government on Friday announced plans to increase Australia’s onshore diesel stockholdings, create jobs and keep fuel prices low for consumers. Energy and Emissions Reduction Minister Angus Taylor said that the Boosting Australia’s Diesel Storage programme would open on January 11,... 

Lake Resources starts Kachi DFS

By: Esmarie Iannucci     8th January 2021 ASX-listed Lake Resources has launched a definitive feasibility study (DFS) for its Kachi lithium brine project, in Argentina. A 2020 prefeasibility study (PFS) estimated that the project could have an annual production of 25 500 t/y of battery grade lithium carbonate over a mine life of some 25... 

Firefinch beats guidance

By: Esmarie Iannucci     8th January 2021 Junior gold miner Firefinch has exceeded its production targets for its first quarter as a producer. The ASX-listed miner on Friday reported that 4 228 oz of gold was produced from its tailings operations during the three months to December, with a total of 7 683 oz produced since the Morila... 

End of an era for Era

By: Esmarie Iannucci     8th January 2021 Uranium miner Energy Resources of Australia (Era) will cease ore processing at its Ranger uranium mine on Friday, in line with it the conclusion of its Ranger Authority, while plans for the Ranger 3 Deeps operation have been shelved indefinitely. The miner told shareholders that there was... 

End of an era for Era

Argosy joins European alliances

By: Esmarie Iannucci     8th January 2021 ASX-listed Argosy Minerals has been accepted as a member of the European Raw Materials Alliance (ERMA) as a primary raw materials partner. Furthermore, the company has also been accepted as a member of the European Battery Alliance (EBA) 250 Network, which also includes the European Commission,... 

Tianqi shareholders back IGO deal

By: Esmarie Iannucci     8th January 2021 The shareholders of lithium producer Tianqi Lithium Corporation have approved a A$1.9-billion joint venture agreement with ASX-listed Independence Group (IGO). IGO on Friday told shareholders that some 99.97% of Tianqi’s shareholders present at its January 5 meeting had voted in favour of the... 

Marquee looking at options for Nevada lithium project

By: Esmarie Iannucci     8th January 2021 ASX-listed junior Marquee Resources has launched a review of its Clayton Valley lithium project, in Nevada, following renewed interest in both the lithium sector and in North American lithium projects. The Clayton Valley project covers some 12 km2 of claims holding both lithium rich brines and... 

Bryah free to sell its JV share

By: Esmarie Iannucci     8th January 2021 A subsidiary of ASX-listed OM Holdings, OM Manganese, has waived its pre-emptive rights to match a A$5-million conditional cash offer for ASX-listed Bryah Resources interest in the Bryah Basin manganese joint venture (JV). Bryah last year announced a A$5-million transaction with ASX-listed... 

Asia Metals finalises negotiations for Guerrero Gold Belt purchase proposal

By: Donna Slater     7th January 2021 Resources company Asia Broadband, through its wholly-owned subsidiary Asia Metals, has finalised negotiations with joint venture partner Qiangda Investments & Economics for the buyout mineral property and mining operations  in the Guerrero Gold Belt (GGB), in Mexico. 

Albemarle sets out to double lithium output at Nevada facility as EV demand grows

By: Marleny Arnoldi     7th January 2021 NYSE-listed Albemarle Corporation plans to double capacity at its lithium production facility in Silver Peak, Nevada, as well as begin a programme to evaluate clays and other resources for commercial production of lithium. As global demand for electric vehicles (EV) grows, North American... 

Albemarle sets out to double lithium output at Nevada facility as EV demand grows
Photo by Reuters
Lithium-ion batteries

Xtract restarts drilling programme at Bushranger

By: Tasneem Bulbulia     7th January 2021 Aim-listed Xtract Resources has restarted the Phase 1 drilling programme at the Racecourse mineral resource at the Bushranger copper/gold exploration project, in the Lachlan Fold Belt (LFB) of New South Wales. On December 22, the company announced that the drilling programme had been temporarily... 

Alba’s Limerick base metals project exploration licence renewed

By: Tasneem Bulbulia     7th January 2021 Aim-listed Alba Mineral Resources has confirmed that the exploration licence for the company's Limerick base metals project, in Ireland, has been renewed until May 26, 2022.  Alba is in the process of determining the next phase of exploration activities at the project, which may include the... 

US company planning at least 500 hydrogen fuelling stations in next 3 to 5 years  

By: Martin Creamer     7th January 2021 The creation of a minimum of 500 fuelling stations to provide hydrogen to mainly trucks powered by platinum-catalysed hydrogen fuel cells is planned by a US company in the next three to five years. “We believe that everyone will be within a couple of miles of a hydrogen fuelling station in the... 

US company planning at least 500 hydrogen fuelling stations in next 3 to 5 years
Creamer Media’s Mining Weekly interviews RAGHU KILAMBI, the CEO of PowerTap, a company that provides crucial hydrogen fuelling infrastructure for fuel cell electric vehicles.

Rainbow completes drilling at Phalaborwa rare earths project

By: Tasneem Bulbulia     7th January 2021 Aim-listed Rainbow Rare Earths has completed an auger drilling programme at the Phalaborwa rare earths project, in South Africa. The programme was aimed at delivering an inferred Joint Ore Reserves Committee-compliant resource classification, within the 35-million-tonne gypsum stacks. 

Altus notes encouraging drilling results at Diba

By: Tasneem Bulbulia     7th January 2021 Mining royalty company Altus Strategies has recorded “encouraging” initial results from the ongoing 10 000 m reverse circulation (RC) drilling programme at its 100%-owned Diba gold project, in western Mali. Diba hosts a shallow-dipping near-surface gold deposit and several other prospect areas. 

Gold outperformed many traditional reserve assets in 2020, says WGC

By: Donna Slater     7th January 2021 Gold outperformed many other traditional reserve assets in 2020, giving central banks additional firepower to stabilise markets and currencies, says World Gold Council market intelligence manager Krishan Gopaul. He adds, however, that central bank demand has become more variable in recent... 

LBMA reports record 9 452 t of gold holdings in November

By: Marleny Arnoldi     7th January 2021 The London Bullion Market Association (LBMA) reports that, at the end of November last year, there was a record 9 452 t of gold, valued at $535-billion, held in stocks. This marked the seventh consecutive month of increases in stocks. 

LBMA reports record 9 452 t of gold holdings in November

Quebec govt spares mining industry from new restrictions

By: Marleny Arnoldi     7th January 2021 The Quebec Mining Association (QMA) has welcomed the announcement of the continuation of mining operations, despite the total containment decreed by the provincial government late on January 6. The association says this exemption for the industry is the result of robust measures that the mining... 

Graphite output to bounce back by 2024 after 2020 dip

By: Marleny Arnoldi     7th January 2021 Natural graphite production is expected to increase by 7.6% to 1.02-million tonnes this year, following a 15.4% year-on-year decrease to 952 600 t in 2020, reports analytics company GlobalData. It notes that graphite production had experienced a downturn in 2020 owing to mines being placed either... 

Graphite output to bounce back by 2024 after 2020 dip
The processing plant at Syrah Resources' Balama mine in Mozambique

Deep-South raises capital for Haib exploration

By: Donna Slater     7th January 2021 TSX-listed minerals explorer Deep-South Resources has initiated a nonbrokered private placement of up to 13.33-million units at a price of C$0.15 apiece for gross proceeds of up to C$2-million. Each unit will comprise one common share of Deep-South and one half of one common share purchase... 

MegumaGold to acquire Canadian GoldCamps' assets

By: Donna Slater     7th January 2021 Canadian junior gold exploration company MegumaGold and Canadian GoldCamps have terminated a previously announced share exchange agreement signed in November and have entered into a new definitive agreement whereby MegumaGold will buy substantially all of the assets of Canadian GoldCamps. Under... 

Trilateral partnership MoU signed to develop flow battery technology for shipping

By: Tasneem Bulbulia     7th January 2021 Integrated green technology company VanadiumCorp Resource has entered into a memorandum of understanding (MoU) for a trilateral partnership with Conoship International Projects from the Netherlands and Vega Reederei and Partners from Germany. Key engineering work is planned to commercially... 

Goldsource records further drill results at Eagle Mountain

By: Tasneem Bulbulia     7th January 2021 Canadian resource company Goldsource Mines has recorded additional 2020 expansion and in-fill drill results for the Eagle Mountain deposit, as well as a new gold discovery at the Ann prospect. Both the Eagle Mountain deposit and Ann prospect are located within the Eagle Mountain gold project in... 

AVZ gains lithium offtake partner

By: Esmarie Iannucci     7th January 2021 ASX-listed AVZ Minerals struck its first lithium offtake agreement with a subsidiary of China’s largest lithium compounds producer, Gangfeng Lithium, just before Christmas last year. The company inked an offtake agreement with GFL International for the sale of up to 160 000 t/y of spodumene... 

A golden Christmas at Hillgrove

By: Esmarie Iannucci     7th January 2021 Gold production at the Hillgrove mine, in New South Wales, started at the end of December, ASX-listed Red River Resources reported. Red River reported that mining and trucking activities started at the Bakers Creek stockpile, with first ore delivered to the Hillgrove run-of-mine pad just before... 

Tigers Realm completes retail offer

By: Esmarie Iannucci     7th January 2021 ASX-listed Tigers Realm Coal has completed the retail component of it’s A$43.5-million capital raise, which was launched in December. The company in December raised an initial A$17.1-million in the institutional component of its 1-for-1.4 fully underwritten accelerated renounceable entitlement... 

Torrens starts trade on the ASX

By: Esmarie Iannucci     7th January 2021 Junior gold and copper explorer Torrens Mining has started share trading on the ASX, after raising A$10-million in its initial public offering (IPO) The company on Thursday revealed that it had issued 50-million shares, at a price of 20c each under its IPO, with the proceeds going towards... 

NT backs KGL copper plans

By: Esmarie Iannucci     7th January 2021 The Northern Territory government has approved the mining management plan for ASX-listed KGL Resources’ Jervois copper project. A prefeasibility study (PFS) for the project in December found that it could produce some 30 000 t/y of copper concentrate over an initial mine life of seven-and-a-half... 

NT backs KGL copper plans

IPC approves underground coal mine

By: Esmarie Iannucci     7th January 2021 The New South Wales Independent Planning Commission (IPC) in December of last year approved the development of the Maxwell underground coal mine, in the Hunter Valley. The project, being developed by Malabar Resources, is expected to produce some 148-million tonnes of run-of-mine coal over a... 

Major US business group urges Pence, cabinet to remove Trump

By: News24Wire      7th January 2021 The head of a significant United States business group that represents 14 000 companies including Exxon Mobil Corp, Pfizer Inc and Toyota Motor Corp urged senior US officials to consider removing President Donald Trump from office after supporters of the outgoing president stormed the US Capitol.... 

Major US business group urges Pence, cabinet to remove Trump
Photo by Reuters
US President Donald Trump

In blow to Vedanta, Zambian court rules KCM liquidator to stay in post 

By: Reuters     7th January 2021 A Zambian court has ruled the State-appointed liquidator of Vedanta's Konkola Copper Mines will not be discharged despite a November ruling ordering a halt to proceedings to allow Vedanta and minority KCM shareholder ZCCM-IH to pursue arbitration. The ruling is a blow to Vedanta, which has been... 

In blow to Vedanta, Zambian court rules KCM liquidator to stay in post

Brazil state eyes at least $5.3bn Vale deal after dam burst, official says

By: Reuters     7th January 2021 The Brazilian state of Minas Gerais is hoping to win at least 28-billion reais ($5.3-billion) from a compensation deal with miner Vale after the 2019 Brumadinho deadly dam burst, a senior state official said on Wednesday. State and Vale officials will meet on Thursday, when it is expected talks... 

Brazil state eyes at least $5.3bn Vale deal after dam burst, official says

China approves 6 coal mines in Xinjiang

By: Reuters     6th January 2021 China's energy administration approved six coal mining projects in the northwestern region of Xinjiang with a combined production capacity of 15.3 million tonnes per annum. The projects involved a total investment of 8 billion yuan ($1.24 billion), according to statements from the energy... 

Power Metal accelerates payment for JV with Kavango

By: Tasneem Bulbulia     6th January 2021 London-listed Power Metal Resources has elected to immediately pay its initial $150 000 cash contribution towards exploration into the strategic joint venture (SJV) with fellow listed  Kavango Resources.  The SJV covers precious, base and strategic metal opportunities in Botswana. 

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