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Zimbabwe gold miners to keep more export earnings in dollars

By: Reuters     27th May 2020 Zimbabwe will increase the proportion of dollars gold miners can keep from their sales, the central bank's bullion-buying arm said on Wednesday, yielding to pressure from producers who were pushing to retain more. Gold is Zimbabwe's single largest foreign currency earner, and Fidelity Printers... 

Technology Metals flags possible JV at Gabanintha

By: Esmarie Iannucci     20th May 2020 ASX-listed Technology Metals has inked a memorandum of understanding (MoU) with China’s Big Pawer Electrical Technology Xiangyang Inc over a possible joint venture (JV) to produce vanadium electrolyte and vanadium redox flow battery (VRFB) manufacturing in Australia. The MoU establishes a... 

PanTerra unveils Cuban plans

By: Esmarie Iannucci     20th May 2020 The Cuban government has approved a joint venture (JV) between state mining company Geo Minera SA and ASX-listed PanTerra Gold Investments, which will allow for the development of the La Demajagua gold/silver deposit. PanTerra on Wednesday told shareholders that subject to successful... 

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... 

Mitsubishi unpacks movement of PGM markets amid lockdowns

By: Marleny Arnoldi     27th March 2020 Mitsubishi Corporation International (MCI) says in its latest precious metals update that it expects South Africa’s platinum supply to reduce by around 7%, or by between 200 000 oz and 300 000 oz, in light of closed operations during South Africa’s 21-day national lockdown. The announcement by... 

Zimbabwe cuts rates, miners send coronavirus distress signals

By: Reuters     27th March 2020 Zimbabwe's central bank cut its main lending rate to 25% on Thursday and set a fixed exchange rate as part of measures to support the economy against the coronavirus pandemic. The Chamber of Mines, which represents major mining companies in the country, said mineral production could fall 60% in... 

FYI completes DFS and secures A$80m funding

By: Esmarie Iannucci     11th March 2020 ASX-listed FYI Resources has secured an A$80-million project development financing facility for its Cadoux kaoln and Kwinana high purity alumina (HPA) project, in Western Australia, as a definitive feasibility study (DFS) proved the project parameters. The DFS has confirmed the 2018... 

Germany moves into hydrogen with lessons from Opec, Russia 

By: Bloomberg     3rd March 2020 Germany is taking its first steps to build an economy based on hydrogen instead of fossil fuels, seeking to deliver both green growth and to avoid being trapped by a small cartel of suppliers. Ministers have been quietly lining up deals with nations including Nigeria that might produce hydrogen... 

Sasol holds back on dividend as it reports big H1 earnings slump

By: Terence Creamer     24th February 2020 Energy and chemicals group Sasol reported a 72% slump in earnings to R4.5-billion in the six months to December 31, 2019, compared with the prior period. Headline earnings a share, meanwhile, decreased by 74% to R5.94 when compared with the prior period. The board also decided not to declare an... 

Medallion stock up on inquiries from REE refineries

By: Creamer Media Reporter      11th February 2020 Vancouver-headquartered Medallion Resources’ stock received a boost on Monday, after the company announced that it had received inquiries from several rare-earth element (REE) refineries interested in receiving specifications and potential volumes of the its REE concentrate product. These... 

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