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Mining News

Demand for EV battery raw materials set to increase − Unctad

By: Tasneem Bulbulia     24th June 2020 The demand for raw materials used to manufacture rechargeable batteries will grow rapidly as the importance of oil as a source of energy recedes, as highlighted recently by the collapse of prices owing to oversupply and weak demand resulting from Covid-19, a new report published by the United... 

Implats remains bullish about progress in a post-Covid-19 world 

By: Simone Liedtke     24th June 2020 South African miner Impala Platinum (Implats) expects to face increasing challenges to its medical preparedness and operational resilience as the Covid-19 pandemic progresses in the coming months. According to CEO Nico Muller, the benefit of experience gained by the team over the past few months,... 

Implats remains bullish about progress in a post-Covid-19 world
Photo by Creamer Media
CEO Nico Muller

DRC copper project advances with Covid-19-influenced prefeasibility study

By: Donna Slater     24th June 2020 With a prefeasibility study (PFS) already under way, Central Copper Resources has started to develop its first mining project − the Mbamba Kilenda (MK) copper project − in a new copper province in the Democratic Republic of the Congo (DRC). The MK project is located on the western side of the... 

Fitch Solutions maintains copper price forecast as economies start to reopen

By: Donna Slater     24th June 2020 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) has maintained its forecast for copper prices at an average of $5 900/t as it expects its previous expectation of stimulus from the Chinese government to play out and... 

Field teams resume activities at Pangolin's Botswana exploration projects

By: Simone Liedtke     24th June 2020 TSX-V-listed Pangolin Diamonds on June 23 provided an update on recent activities at its various projects in Botswana, with all field teams now fully operational. It added that the Botswana Department of Mines had granted the company's joint venture partner, Makunwu Civl Blasting, to proceed with... 

R4-trillion debt ‘hippopotamus’ is eating our children’s inheritance, Mboweni warns  

By: Terence Creamer     24th June 2020 Finance Minister Tito Mboweni announced grim revisions to South Africa’s fiscal framework when presenting his Covid-19-induced ‘Supplementary Budget’ speech on Wednesday, in which he likened the country’s rising debt profile to that of a hippopotamus “eating our children’s inheritance”. He used... 

R4-trillion debt ‘hippopotamus’ is eating our children’s inheritance, Mboweni warns
Finance Minister Tito Mboweni

First Cobalt strengthens ESG practices

By: Creamer Media Reporter      24th June 2020 North America’s only permitted cobalt refinery, First Cobalt, has taken steps to strengthen its environmental, social and corporate governance (ESG) practices by joining the Cobalt Institute as an associate member. The Cobalt Institute is a forum for global cobalt market participants. A key part... 

First Cobalt strengthens ESG practices

Congo's SMB says three dead in attack on its coltan mine

By: Reuters     24th June 2020 Société Minière de Bisunzu (SMB) on Wednesday said three people were killed and three others were injured in a grenade attack on its coltan mine in eastern Democratic Republic of Congo on Tuesday night. SMB's mine near Rubaya, North Kivu province, has seen an increase in violent clashes between... 

Amur outlines strategy for Kun-Manie BFS

By: Creamer Media Reporter      24th June 2020 Base metals explorer and developer Amur Minerals on Wednesday outlined its strategy to fund the bankable feasibility study (BFS) for its Kun-Manie nickel/copper sulphide project, in the far east of Russia. The company would execute a “tried and proven” funding strategy, board adviser Adam Habib... 

Kingston sets terms for Misima buy

By: Esmarie Iannucci     24th June 2020 ASX-listed Kingston Resources has moved to full ownership of the 3.2-million ounce Misima gold project, in Papua New Guinea. The company in November last year struck a heads of agreement with joint venture partner Pan Pacific Copper Co (PPC) to acquire its 19% interest in the project. 

LME to examine floor reopening after easing of UK lockdown

By: Reuters     24th June 2020 The London Metal Exchange (LME) will examine whether the easing of social-distancing restrictions in England from July 4 will apply to its open-outcry floor, which has been closed for three months. The 143-year-old exchange temporarily closed the floor - the last open-outcry floor in Europe - on... 

Deep sea mining could destroy undiscovered species, says Ocean Panel 

By: Reuters     24th June 2020 Mining on the sea floor should not begin before a full assessment of likely environmental impacts can be made, a report commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel) said on Wednesday. Environmentalists including Britain's David Attenborough have called for a... 

Deep sea mining could destroy undiscovered species, says Ocean Panel

Fosterville South unveils spin-out transaction

By: Mariaan Webb     24th June 2020 TSX-V-listed Fosterville South has unveiled a transaction to spin out its Avoca and Timor tenements, in Australia’s Victoria, to Leviathan Gold, following which the new company will undertake an equity financing to fund the exploration, advancement and development of projects. Leviathan, to be... 

BHP announces stricter health protocols in Chile as cases among workers top 200

By: Reuters     24th June 2020 Global miner BHP Group announced stricter health protocols on Tuesday after cases of the novel coronavirus at its Escondida copper mine in Chile, the world´s largest, reached 150, with 59 at its smaller Spence deposit. BHP said 76 of those cases remained active and that the discovery of new... 

BHP announces stricter health protocols in Chile as cases among workers top 200

Apollo Gold signs LoI to acquire First Majestic’s Jalisco properties

By: Creamer Media Reporter      24th June 2020 TSX-V-listed Apollo Gold has entered into a letter of intent (LoI) with First Majestic Silver, confirming its intention to enter into a three-year earn-in option to acquire the Jalisco group of properties, in Mexico. The Jalisco assets include six properties and 15 highly prospective claims, 13... 

Shareholders approve sale of Madison project

By: Creamer Media Reporter      24th June 2020 Shareholders in Madison Metals have approved the sale of its copper/gold project near Silver Star, Montana, to gold explorer and developer American Pacific Mining (APM). The Madison project is currently under an earn-in, joint venture agreement, whereby Kennecott Exploration Company, part of the... 

Millennial's Argentina project receives enviro permit

By: Mariaan Webb     24th June 2020 TSX-V-listed developer Millennial Lithium has received an environmental permit for its flagship lithium brine project, Pastos Grandes, in Salta, Argentina, lifting its share price by nearly 10% on Tuesday. The declaracion de impacto ambiental (DIA) that the project received represents the... 

Rio Tinto starts exploration at Janice Lake, Saskatchewan

By: Creamer Media Reporter      24th June 2020 Rio Tinto Exploration Canada (RTEC) has started exploration at TSX-V-listed Forum Energy Metals’ Janice Lake sedimentary copper/silver project, in northern Saskatchewan. The summer’s programme will have a regional focus to uncover the full extent of copper and silver mineralisation at Janice... 

US coal mine Greenbrier causes impairment for Coronado

By: Esmarie Iannucci     24th June 2020 ASX-listed Coronado Global Resources has warned of a $60-million to $70-million impairment on its Greenbrier coal mine, in the US. Coronado restarted the majority of it its US operations at the start of June this year, after they were idled in April and May in the wake of the Covid-19 outbreak.  

Barrick JV to retrench most of Porgera’s staff

By: Mariaan Webb     24th June 2020 Global gold major Barrick has told the workforce at its Porgera joint venture (JV) mine that most of them will be retrenched in the coming weeks, affecting 2 650 Papua New Guinea nationals. Expatriate employees had already been retrenched and the local workforce would have their employment... 

Barrick JV to retrench most of Porgera’s staff
A metallurgist at work at Porgera, in Papua New Guinea. Most workers will be retrenched by the end of next month.

Samarco fund approves $100m infrastructure investment

By: Esmarie Iannucci     24th June 2020 Diversified giant BHP has reported that the Renova Foundation had approved a package of over $100-million to fund works in the health and infrastructure sectors in municipalities of the Doce River basin, in Brazil. The miner said that the government projects were selected by the states for their... 

Chilean Mines Minister calls for 'balance' between safety and keeping economy running

By: Reuters     24th June 2020 Chile's Mining Minister Baldo Prokurica on Tuesday underlined the need to strike a balance between protecting mine workers from the new coronavirus and keeping the economic engine of the world's largest copper producer running. Prokurica said the "indispensable" mining sector had stood down... 

Chilean Mines Minister calls for 'balance' between safety and keeping economy running

Red 5 unveils plans for WA

By: Esmarie Iannucci     24th June 2020 Gold miner Red 5 has warned that production targets for both the June quarter and the 2020 financial year would be missed following a recent crusher breakdown at its Darlot processing plant, in Western Australia. The ASX-listed company on Wednesday said that while the processing plant had... 

FAR's stake in Sangomar facing headwinds

By: Esmarie Iannucci     24th June 2020 Africa-focused FAR on Wednesday told shareholders that it was continuing to investigate selling off a part of its 15% interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint venture (JV), offshore Senegal, while also looking to cut corporate costs further. FAR on Wednesday told... 

PwC urges reforms amid Covid recovery

By: Esmarie Iannucci     24th June 2020 Advisory firm PricewaterhouseCoopers (PwC) have urged miners to adopt strategies to mitigate against further economic and social risks post the Covid-19 crisis. PwC’s forecast for 2020 suggests the global top 40 miners would take a modest hit to earnings before interest, taxes, depreciation,... 

PwC urges reforms amid Covid recovery

Chevron inks gas deal with Nickel West

By: Esmarie Iannucci     24th June 2020 US energy major Chevron has struck a domestic gas sales agreement with mining major BHP’s Nickel West division for the delivery of natural gas from the Chevron-operated Wheatstone domestic gas facility. Starting in July, Chevron would supply BHP Nickel West with a total of 22 Petajoules (PJ) of... 

S Australia's next round of exploration funding kicks off

By: Esmarie Iannucci     24th June 2020 The South Australian government has announced the first round of successful applicants for it’s A$10-million Accelerated Discovery fund, which will assist in driving jobs and investment in the region’s resources industry. Minister for Energy and Mining Dan van Holst Pellekaan said the government... 

BHP launches METS programme in Aus

By: Esmarie Iannucci     24th June 2020 Mining giant BHP as partnered with industry body Austmine to launch its supplier innovation programme across Australia. Following a successful program in BHP’s Minerals Americas business, the BHP Austmine supplier innovation programme would provide opportunities for Australian mining equipment,... 

Genesis raises cash for new gold buy

By: Esmarie Iannucci     24th June 2020 ASX-listed Genesis Minerals has announced a A$19.5-million capital raise to fund the acquisition of the Kookynie gold project, adjacent to its flagship Ulysses gold project, in Western Australia. Genesis on Wednesday told shareholders it had received firm commitments from professional and... 

Genesis raises cash for new gold buy

China now a net importer of vanadium – Bushveld Minerals 

By: Martin Creamer     23rd June 2020 China is now a net importer of vanadium, a situation which is expected to persist, Bushveld Minerals CEO Fortune Mojapelo said on Tuesday. Speaking at question-and-answer time after presenting a solid set of financial results for 2019, Mojapelo said in response to SP Angel mining analyst John... 

China now a net importer of vanadium – Bushveld Minerals
Bushveld Minerals CEO Fortune Mojapelo

Next renewables bidding round to be launched only in second quarter of 2021   

By: Terence Creamer     23rd June 2020 The new head of South Africa’s Independent Power Producers Office (IPPO), Tshifhiwa Bernard Magoro, reported on Tuesday that the next bidding round for the procurement of utility scale renewable-energy projects, often referred to as Bid Window 5, would be launched only in the second quarter of... 

Next renewables bidding round to be launched only in second quarter of 2021
Photo by Creamer Media's Donna Slater
Tshifhiwa Bernard Magoro

New business rescue plan proposed as Lily, Barbrook mines dispute continues 

By: Simone Liedtke     23rd June 2020 Vantage Goldfields Limited (VGL) and Siyakhula Sonke Empowerment Corporation (SSC) representative Fred Arendse on June 23 proposed amended business rescue plans for the Lily gold mine, in Mpumalanga. The Lily and Barbrook mines have been the subject of a dispute after the operations were placed... 

New business rescue plan proposed as Lily, Barbrook mines dispute continues
Fred Arendse

Infrastructure investment only way to propel economy forward – New Development Bank 

By: Martin Creamer     23rd June 2020 The only way for South Africa to propel the South African economy forward is to invest further in productive infrastructure, New Development Bank VP Leslie Maasdorp said on Tuesday. Maasdorp was speaking during a virtual Sustainable Infrastructure Development Symposium of South Africa (Sidssa),... 

Infrastructure investment only way to propel economy forward – New Development Bank
Photo by Creamer Media
New Development Bank VP Leslie Maasdorp

Canadian miner Banro agrees sale of Namoya mine in Congo

By: Reuters     23rd June 2020 Canadian miner Banro Corporation has agreed to sell its Namoya Mining gold mine in Democratic Republic of Congo to a consortium of investors including Baiyin International Investment and Shomka Resources, it said in a statement on Tuesday. Banro will receive a perpetual royalty for all... 

Canadian miner Banro agrees sale of Namoya mine in Congo
The Namoya mine, in the Democratic Republic of Congo

Congo officials vow to tackle child labour at mines as virus threatens spike

By: Reuters     23rd June 2020 Authorities in Democratic Republic of Congo's southeastern mining heartland are boosting efforts to tackle child labour amid concerns that the coronavirus pandemic could drive more families to put their children to work in mines, officials said. Congo is Africa's main producer of copper and the... 

Unemployment rate hit record high of 30.1% before virus 

By: Reuters     23rd June 2020  South Africa's unemployment rate hit a record high in the first quarter of this year as key sectors including agriculture shed jobs, data showed on Tuesday, highlighting weakness in the economy even before it was battered by the COVID-19 pandemic. Africa's most advanced economy was already in... 

Bushveld retains vanadium production guidance 

By: Martin Creamer     23rd June 2020 While Vametco and Vanchem’s production were disrupted by the 35-day nationwide Covid lockdown, London Aim-listed Bushveld Minerals is retaining the previously announced guidance, provided there are no more pandemic stoppages. Bushveld Minerals is a vertically integrated primary vanadium producer... 

Bushveld retains vanadium production guidance
Fortune Mojapelo and Tanya Chikanza
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