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Glacier Lake needs more time to complete KalPlats buy

By: Mariaan Webb 5th July 2022 The owners of the Kalahari palladium/platinum (KalPlats) project that TSX-V-listed Glacier Lake Resources has its eye on, has given the Canadian junior more time to complete the transaction. Glacier Lake said on Monday that the outside date for its acquisition of KalPlats, near Vryburg in the... →

New Anglo strategy director excited by mining’s green energy transition

By: Martin Creamer 4th July 2022 The newly appointed group director of strategy and business development of diversified mining company Anglo American on Monday singled out mining’s green energy transition in commenting on the excitement of her new appointment. Helena Nonka, who is currently executive VP of corporate development... →

Gold teeters above $1 800 as lower yields counter dollar strength

By: Reuters 4th July 2022 Gold inched higher in choppy trade on Monday, as weakness in Treasury yields kept prices above the $1 800 mark and marginally outweighed pressure stemming from an elevated US dollar. Spot gold was up 0.1% at $1 811.76/oz, as of 05:44 GMT. US gold futures rose 0.7% to $1 813.70. Bullion prices... →

On-The-Air (01/07/2022)

By: Martin Creamer 1st July 2022 Anglo American Platinum this week emphasised that South Africa is in a very strong position to generate and even export green energy; A study published this week proves that it will be highly profitable to extract the gold out of mine dumps on the West Rand; and Capital is being raised in... →

Zijin invests in 5G solution to create a smart South African mine

By: Marleny Arnoldi 1st July 2022 Global miner Zijin Mining Group’s subsidiaries South Africa Zijin Platinum and Nkwe Platinum have partnered with telecommunications company MTN and technology group Huawei to build a fifth-generation wireless technology-enabled (5G-enabled) platinum mine. This will mark a significant step... →

Gold keeps its shine for investors as other precious metals fade

By: Bloomberg 1st July 2022 Investors cut holdings in exchange-traded funds for silver, platinum and palladium in the second quarter on fears that a potential recession will reduce industrial demand, but gold assets held up because of its role as a haven, and that may persist. Gold-backed ETFs shrank by just over 1% in the... →

Mine haulage transition to electric offered without disruption

By: Martin Creamer 1st July 2022 If the world were to electrify every mine truck, it would stop 198 000 t of carbon dioxide (CO2) a day from entering the atmosphere, which equates to a single electrified mining truck eliminating what would take 46 000 trees to absorb. That mammoth sustainability benefit was driven home firmly... →

Spanish Parliament rejects motion to make mining approvals more difficult

By: Darren Parker 1st July 2022 The Spanish Parliament has rejected a motion by democratic socialist electoral alliance Unidas Podemos that would have made it more difficult to secure approvals for new mining projects and would have also increased taxes on existing mineral producers. On June 23, the motion was outvoted by an... →

Local pumps manufacturer details successes

By: Sabrina Jardim 1st July 2022 Submersible industrial pumps manufacturer Amandla Pumps manufactures and designs its pumps locally, enabling the company to meet specific customer demands. The company has a state-of-the-art machining facility, equipped with computer numerical controlled equipment to accurately manufacture its... →

Anglo enters deal to accelerate rollout of nuGen zero emissions haulage solution

By: Chanel de Bruyn 30th June 2022 Diversified miner Anglo American is in exclusive negotiations with specialist engineering technology company First Mode Holding and has agreed nonbinding terms to establish a combined business to accelerate the rollout of Anglo's nuGen hydrogen-powered Zero Emissions Haulage Solution (ZEHS). The... →

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