R/€ = 19.21 Change: 0.14
R/$ = 17.03 Change: 0.14
Au 1803.60 $/oz Change: 23.18
Pt 840.35 $/oz Change: 20.66


Vedanta's Zambia copper unit warns part of Nchanga openpit mine about to collapse 

By: Reuters     3rd July 2020 Zambia's Konkola Copper Mines (KCM), a unit of diversified miner Vedanta Resources, has closed part of its openpit mine as a portion of the pit is about to collapse, the chief executive officer said late on Thursday. KCM predicted that part of the Nchanga Open Pit in Chingola in Zambia's... 

Mantashe starts oil supply arrangements as some shortage from Astron is expected

By: Marleny Arnoldi     3rd July 2020 Mineral Resources and Energy Minister Gwede Mantashe says his deparment will soon convene meetings with oil companies to ensure alternative supply arrangements are put in place, considering some fuel shortages are expected from Astron Energy's Milnerton refinery. Mantashe notes in a statement... 

Valenciennes solar plant, France

By: Sheila Barradas     3rd July 2020 Total Quadran is developing the largest solar project awarded in the call for tenders in the seventh round of the French Energy Regulatory Commission’s tender for ground-mounted solar parks. 

Codelco warns more restrictions on copper mines would be 'catastrophic' - report

By: Reuters     2nd July 2020 Chile's State-run Codelco, the world´s top copper producer, warned on Thursday any move to ramp up restrictions on its mines amid the coronavirus outbreak would be "catastrophic" for the country, the company´s chief executive said in an interview in a local daily newspaper. CEO Octavio Araneda... 

Two killed, seven injured in incident at Astron's Milnerton refinery

By: Marleny Arnoldi     2nd July 2020 Petrochemicals company Astron Energy has confirmed that two people were killed and seven injured in a fire at its 100 000 bbl/d Milnerton refinery, in the Western Cape, in the early hours of July 2. The company immediately activated its emergency response procedures and notified the relevant... 

World agencies step in as pandemic poverty hits artisanal miners

By: Reuters     26th June 2020 From a $15-million World Bank fund to an experimental gold-buying project in Burkina Faso, development agencies are delivering financial aid to subsistence miners the Covid-19 pandemic has impoverished. World market prices of gold - viewed by investors as a safe store of value in uncertain times... 

Junior reports gold theft at Colombia mine

By: Creamer Media Reporter      15th June 2020 TSX-V-listed junior Sola Gold on Friday announced that its La Ye mine, in Colombia, was hit in an armed robbery earlier in the week, with thieves taking off with a dore bar of 475 gold-equivalent ounces. The company said an armed group of individuals entered the mine site after a gold pour, but... 

New Century takes aim at Vale Goro nickel/cobalt mine

By: Esmarie Iannucci     26th May 2020 Base metals miner New Century Resources has struck an exclusivity agreement with major Vale to negotiate the purchase of a 95% interest in the issued shares of Vale Nouvelle-Caledonie (VNC), which owns the Goro nickel and cobalt mine, in New Caledonia. Vale said on Tuesday that the negotiations... 

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. 

Carmakers urged to invest in mines to avoid battery metal pinch

By: Bloomberg     11th May 2020 Mine developers scrambling to fund projects to meet forecast demand for battery metals see the threat of looming supply crunches as a trigger for electric-vehicle makers to step in with investments. An already tough environment to raise project finance for the mines is being made worse by the... 

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