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Mining News

Fort Hills partners to restart second train

By: Mariaan Webb 9th September 2020 The Fort Hills oil sands mine, in northern Alberta, will restart the second primary extraction train, ramping up production to about 120 000 bbl/d by the end of the year, majority owner Suncor Energy announced on Tuesday. The second train at the Fort Hills joint venture with total and Teck... →

Kavango identifies nickel, copper intrusions through 3D modelling in Botswana

By: Marleny Arnoldi 8th September 2020 London-listed Kavango Resources has found promising initial images from its computerised three-dimensional (3D) geological modelling of its Kalahari Suture Zone (KSZ) project in Botswana. The company says the images confirm significant similarities between the northern section of the zone and... →

Xtract’s Eureka exploration confirms strike extension

By: Donna Slater 8th September 2020 Exploration pitting works at Xtract Resources’ Eureka copper/gold deposit, in Zambia, has confirmed earlier modelling of a strike extension to the northwest. Earlier three-dimensional modelling on the Eureka main pit copper/gold deposit suggested that the mineralisation might extend towards the... →

Commenters call for an end to lockdown as second-quarter GDP contracts sharply

By: Tasneem Bulbulia 8th September 2020 South Africa’s real gross domestic product (GDP) decreased by just over 16% between the first and second quarters, resulting in an annualised growth rate of ‑51%. This has extended the economic recession into its fourth quarter. →

ABB deploys process control automation solution for Anglo American's mineral labs

By: Schalk Burger 8th September 2020 Industrial digital technologies, energy and automation multinational ABB has deployed an advanced process control platform for Anglo American Technical Solutions, in Johannesburg, enabling it to do continuous laboratory test work without supervision, ABB said in a September 7 statement. Anglo... →

Ivanhoe to discuss Kamoa-Kakula project options with shareholders

By: Marleny Arnoldi 8th September 2020 TSX-listed Ivanhoe Mines and its partners in the Democratic Republic of Congo (DRC) − Zijin Mining Group, Crystal River Global and the country’s government − have welcomed the positive findings of an independent definitive feasibility study (DFS) on the Kakula copper mine project. This study,... →

Prize potentially large in platinum fuel cell and hydrogen growth – prof

By: Martin Creamer 8th September 2020 Significant growth in fuel cells and hydrogen is now almost certain and the prize for South Africa remains potentially large. That is the view of E4tech director Professor Dr David Hart of Switzerland, expressed in an address to a fuel cell webinar hosted by Nedbank CIB on Tuesday. (Also watch... →

Nedbank CIB fuel cell webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

4IR a ‘unique opportunity’ for Africa to overcome development hurdles

By: Simone Liedtke 8th September 2020 The Fourth Industrial Revolution (4IR) represents a unique opportunity for African countries to scale development hurdles with the help of technologies, electronics manufacturer Pepperl+Fuchs Africa sales director Marc van Pelt said on September 8. He spoke during an automation-themed webinar,... →

Pepperl+Fuchs Africa sales director Marc van Pelt gives us some more insight into how the Fourth Industrial Revolution represents a unique opportunity for Africa, and South Africa. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Armadale submits Esia for Tanzanian graphite project

By: Donna Slater 8th September 2020 Aim-listed investment group Armadale Capital has submitted the environmental- and social-impact assessment (Esia) for its Mahenge Liandu graphite project in south-east Tanzania to the National Environment Management Council (NEMC) of Tanzania.  The Esia application for the project was submitted... →

Recovering Chinese steel output is boosting zinc price over short term

By: Marleny Arnoldi 8th September 2020 On the back of a stronger-than-expected rebound in economic growth in China, research agency Fitch Solutions Macro Research has revised upward its zinc price forecast for the year. Initially, the agency anticipated a $2 100/t zinc price, but has revised it to $2 200/t, compared with a zinc... →

Resources Watch

8th September 2020 This week: South Africa must link tax laws to job creation; Joburg’s political legacy mine dumps should come down to cut commute time; and, lagging platinum being actively promoted →

Resources Watch

Rio Tinto offers virtual preview of some of Argyle's last offerings

By: Mariaan Webb 8th September 2020 Diversified miner Rio Tinto has provided a virtual preview to an exclusive group of collectors, diamond connoisseurs and luxury jewellery houses of rare Argyle pink, red, violet and blue diamonds in one of the very last offerings of the iconic diamond mine. The 2020 Argyle pink diamonds tender,... →

Ghana wants to invest gold royalty IPO proceeds in similar funds

By: Reuters 8th September 2020 Ghana plans to use part of the proceeds from an initial public offering (IPO) in a gold royalty fund to invest in similar entities. Africa’s biggest gold producer wants to use about 20% of the $500 million it seeks to raise through the IPO later this year to buy stakes in other royalty... →

Trafigura launches $500m low-carbon aluminium financing platform

By: Mariaan Webb 8th September 2020 Commodities trader Trafigura has launched a $500-million ‘low carbon aluminium’ financing platform, which it says is a first-of-its kind for the company and the wider market. Supported by Natixis and Rabobank, the platform will enable Trafigura to access finance at a preferential interest rate... →

Strike granted a mining lease for Paulsens East

By: Esmarie Iannucci 8th September 2020 The Western Australian Department of Mines, Industry, Regulation and Safety has granted ASX-listed Strike Resources a mining lease for its Paulsens East iron-ore project. The mining lease will have an initial term of 21 years. →

Venture's SPP oversubscribed

By: Esmarie Iannucci 8th September 2020 Iron-ore developer Venture Minerals has raised A$2.5-million under an oversubscribed share purchase plan (SPP). Venture had initially sought to raise A$1.5-million under the SPP, but said on Tuesday that total applications received under the SPP had amounted to A$3.6-million. Given the high... →

ASM produces first sample from Korean ops

By: Esmarie Iannucci 8th September 2020 ASX-listed Australian Strategic Materials (ASM) has produced 9 kg of key permanent magnet alloy neodymium praeseodymiium (NdPr) at its commercial plant in South Korea. The company told shareholders on Tuesday that following this success, the company, through Zircon Tech, was now progressing an... →

Merafe swings to near R1bn interim loss

By: Marleny Arnoldi 8th September 2020 JSE-listed ferrochrome producer Merafe says its results for the first half of the year were impacted not only by Covid-19 but an already fragile operating environment. A slowdown in global economic activity has contributed to not only reduced volumes of commodities sold, but also to lower... →

Photo by Creamer Media
Merafe's Boshoek operation

Fission Uranium appoints geologist McElroy as CEO

By: Creamer Media Reporter 8th September 2020 Canadian junior Fission Uranium has promoted chief geologist Ross McElroy to the position of CEO, succeeding Devinder Randhawa, who is retiring from management and chairperson of the board. In a statement announcing the management change, McElroy says the company’s Triple R uranium deposit, in... →

Vale idles New Caledonia nickel/cobalt mine as Aussie suitor walks away

By: Mariaan Webb 8th September 2020 Brazilian major Vale has announced that the Goro nickel and cobalt mine, in New Caledonia, will be placed on care and maintenance, after failing to reach an agreement with Australian miner New Century Resources to acquire the operation. The exclusivity period that Vale and New Century entered... →

Alcoa casts an eye to FYI

By: Esmarie Iannucci 8th September 2020 Junior FYI Resources has inked a memorandum of understanding (MoU) with aluminium major Alcoa to potentially develop FYI’s High Purity Aliumina (HPA) project, in Western Australia. The two companies will explore the possibility to jointly develop the HPA refining project, as well as to establish... →

Decline work starts at Odysseus

By: Esmarie Iannucci 8th September 2020 Nickel miner Western Areas has started the development of twin declines at its Odysseus mine, at the Cosmos operation in Western Australia, awarding contractor Barminco a A$200-million contract. The development and production contract at the Odysseus mine will run over a five-year period, and... →

Black Rock extends POSCO deadline

By: Esmarie Iannucci 8th September 2020 ASX-listed Black Rock Mining has extended the completion date of a due diligence by Korean major POSCO over the Mahenge graphite project, in Tanzania, until November 20. The two companies earlier this year inked a strategic alliance and development memorandum of understanding (MoU) over the... →

Accept Shandong offer - Cardinal

By: Esmarie Iannucci 8th September 2020 The directors of takeover target Cardinal Resources have urged shareholders to accept the revised offer from Shandong Gold. Shandong earlier this week increased its offer price for Cardinal from 70c a share to A$1 a share, outbidding shareholder Nordgold, which had increased its own offer for... →

Hydrogen economy elevating platinum as store-of-value precious metal – WPIC

By: Martin Creamer 8th September 2020 The hydrogen economy is elevating platinum as a precious metal with long-term store of value, the World Platinum Investment Council (WPIC) said today. The latest edition of WPIC’s Platinum Quarterly states that an evolving global sea-change in the environment debate may also be at play in... →

Green hydrogen in approved country strategies.

Low-priced platinum outperforming gold as investor sentiment turns positive – WPIC

By: Martin Creamer 8th September 2020 Gold grabs the headlines and platinum less so but it is interesting to note that the platinum price has surged by a far bigger percentage than gold. Increased global risk due to the Covid-19 pandemic has driven strong investor demand for gold as a risk hedge, with gold ETF holdings up over 20%,... →

WPIC's Trevor Raymond

EIUG appoints Mondi as new CEO

By: Terence Creamer 7th September 2020 The Energy Intensive Users Group (EIUG), whose mining and manufacturing members account for over 40% of the electrical energy consumed in South Africa, announced the appointment of Fanele Mondi as its new CEO. Prior to joining the EIUG, Mondi worked at Eskom for over 23 years, 12 years of which... →

Fanele Mondi

Sapema talks respiratory legalities for manufacturers, procuring companies

By: Marleny Arnoldi 7th September 2020 Selecting the correct respirator is crucial for the correct protection level depending on what hazards one is exposed to. Ensuring that you choose the correct supplier or distributor for your respiratory products is now also more important now ever because of the Covid-19 pandemic, the Southern... →

Eskom launches new ‘system status’ portal in bid to begin bolstering transparency

By: Terence Creamer 7th September 2020 South Africa’s electricity utility Eskom has added a new page to its website through which it is providing information relating to the status and performance of the power system, including the use of load-shedding as a mechanism to stabilise the national electricity grid. The webpage, which bears... →

Proper ventilation a key tool to prevent the spread of Covid-19

By: Simone Liedtke 7th September 2020 Indoor ventilation is an important tool to prevent the viral transmission of the Covid-19 virus when correctly applied. Conversely, poor ventilation promotes viral transmission, Engen industrial hygiene specialist Garth Hunter warned during the South African Institute of Occupational Safety and... →

Two specialists discuss the importance of proper ventilation as a tool to prevent the viral transmission of Covid-19. Video: Creamer Media's Kutlwano Matlala. Editing: Creamer Media's Nicholas Boyd.

Mining deal value declines $18bn in first half as Covid-19 disrupts flow of capital - GlobalData

By: Donna Slater 7th September 2020 Global mining deal value, suffering from the shock from the Covid-19 pandemic, fell by more than $18-billion year-on-year in the first six months of the year, to $46.6-billion, says data analytics company GlobalData. The company notes that an expected slump in the global economy, steered by a... →

Possible special dividend on high-flying rhodium, palladium prices – Sylvania

By: Martin Creamer 7th September 2020 High-flying rhodium and palladium prices are giving rise to a possible special dividend being paid to the shareholders of cash-flush Sylvania Platinum, the London Aim-quoted company that recovers platinum group metals from chrome tailings. The board of the company, which benefits from sizeable... →

Sylvania Platinum CEO Jaco Prinsloo

Kodal receives £654 000 in proceeds from now completed ESA

By: Donna Slater 7th September 2020 Investors of lithium and gold explorer and developer Kodal Minerals, including Riverfort Global Opportunities and YA II PN, have sold all the ordinary shares of 0.03125p each in the company issued to them under the terms of an equity sharing agreement (ESA). This has concluded the ESA and... →

Farmer appointed Davenport chairperson

By: Donna Slater 7th September 2020 ASX-listed potash miner Davenport Resources has appointed former Lonmin CEO Ian Farmer as nonexecutive chairperson as it continues the development of its portfolio of potash projects in Germany. Interim chairperson Dr Reinout Koopmans will step down with immediate effect, but will remain on the... →

Polyus net profit up 63% on higher gold prices

By: Reuters 7th September 2020 Russian largest gold producer Polyus said on Monday that its second-quarter net profit rose 63% year-on-year to $684-million due to a 31% increase in gold prices. Its second-quarter adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were at $860-million, up 42%... →

Hochschild sees lower output on lockdowns in Peru, Argentina

By: Reuters 7th September 2020 Precious metals miner Hochschild Mining said on Monday it expects lower annual production than forecast earlier this year as Covid-19-related disruptions hampered mining activity at its assets in Peru and Argentina. The company, which operates two mines in Peru and one in Argentina, said it was... →

Bushveld creates new entity to provide vanadium electrolyte rental option

By: Donna Slater 7th September 2020 Aim-listed integrated primary vanadium producer and energy storage provider Bushveld Minerals, which owns high-grade vanadium assets in South Africa, has formed a special purpose company in partnership with Invinity Energy Systems (Invinity), named Vanadium Electrolyte Rental Limited (VERL).... →

Photo by Creamer Media
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