Mining Weekly
Ramaphosa to deliver keynote address at Mining Indaba
Thu, 02 Feb 2023 17:19:00 +0200
South African President Cyril Ramaphosa has confirmed his attendance at the Mining Indaba taking place in Cape Town next week, from Monday to Thursday. Ramaphosa, accompanied by eight ministers and three deputy ministers, will deliver a keynote address on Tuesday, 7 February.
Wesizwe to commission Bakubung processing plant in March or April
Thu, 02 Feb 2023 16:25:00 +0200
JSE-listed platinum miner Wesizwe Platinum has identified various deficiencies at its Bakubung platinum mine’s processing plant, in Rustenburg, in North West, after a test run of the entire system. Some of the snags include electrical malfunctioning of the flotation machine, a leak in the process water tank and the need for additional pipe support.
Thor Explorations adjusts terms of senior debt facility
Thu, 02 Feb 2023 16:09:00 +0200
Gold producer Thor Explorations has amended and restated the terms of the balance of its senior debt facility held with Africa Finance Corporation (AFC). On January 31, the parties entered into an agreement amending the previous terms of the project facility.
Hyphen Hydrogen Energy signs two ammonia offtake MoUs
Thu, 02 Feb 2023 15:59:00 +0200
Namibian-registered green hydrogen development company Hyphen Hydrogen Energy has signed nonbinding memorandums of understanding (MoUs) with two major industrial companies for the supply of up to 750 000 t/y of green ammonia. The agreements are with a major chemical company and Approtium, a South Korean hydrogen producer, and entail offtake of up to 500 000 t/y and 250 000 t/y, respectively.
Oriole identifies lithium pegmatites at Cameroon project
Thu, 02 Feb 2023 15:58:00 +0200
Aim-listed Oriole Resources says lithium pegmatites have been confirmed at its 90%-owned Central Licence Package (CLP) project, in Cameroon. The district-scale CLP project comprises nine contiguous licences covering 4 091 km2 of previously unexplored Paleo-Proterozoic to pan-African age rocks that are highly prospective for a range of commodities, including orogenic-style gold mineralisation and lithium.
FQM reports fatality at Trident, Zambia
Thu, 02 Feb 2023 15:56:00 +0200
Toronto-listed First Quantum on Thursday announced that a worker at its Trident operation, in Zambia, had died, following a traffic accident in the Sentinel openpit. The accident involved a dump truck and light vehicle, the mining company said. One other person was severely injured and medically evacuated. Operations in the pit have been temporarily suspended until deemed that operations can resume safely.
High Court grants release of historic diamond parcel to Vast Resources
Thu, 02 Feb 2023 15:53:00 +0200
The High Court of Zimbabwe has granted a default order against the Minister of Mines and Mining Development, relating to a historic parcel of 129 400 ct of rough diamonds, which will be released to Aim-listed Vast Resources. The company expects to receive the signed court order in coming days, following which Vast will clean and value the diamonds for the purpose of selling through a tender.
Kefi presses on with Tulu Kapi financing efforts
Thu, 02 Feb 2023 15:52:00 +0200
London-listed Kefi Gold and Copper says it has taken a huge effort over a much longer period than anticipated to overcome numerous market challenges in both Ethiopia and Saudi Arabia, where the company is developing projects. However, the company is nearing finalisation of financing for the $320-million Tulu Kapi gold project, in Ethiopia, as well as the finalisation of a definitive feasibility study and project financing for the Jibal Qutman project, and a prefeasibility study for the Hawiah project, both in Saudi Arabia.
Galileo encounters high gold grades in Zambia
Thu, 02 Feb 2023 15:13:00 +0200
Aim-listed Galileo Resources reports that progress has been made on a number of new prospects, including the discovery of high-grade gold and associated copper mineralisation at the Shinganda copper/gold project, in Zambia, where it has the right to earn an initial 51% interest. Follow-up exploration over additional ground to that focused on to date, has revealed highly anomalous surface gold and associated copper results on three of eight selected targets several kilometres from the Shinganda outcrop zone, where lengthy drill intervals of copper/gold mineralisation were recently reported.
Without controls and oversight, electricity state of disaster ‘open to abuse’ – Cesa
Thu, 02 Feb 2023 14:55:00 +0200
Consulting Engineers South Africa (Cesa) has expressed some reservations with a proposal that a National State of Disaster be declared to tackle South Africa’s long-running electricity crisis. While not rejecting the proposal entirely given the urgent need to address the “serious crisis”, CEO Chris Campbell cautioned that “people with ill-intent” could abuse the declaration, as was the case when a State of Disaster was implemented during the Covid pandemic.
Ndlovu reflects on coal’s continued, changing role in society
Thu, 02 Feb 2023 14:36:00 +0200
Industry organisation the World Coal Association chairperson July Ndlovu has said the time has come for the world to accept that abated coal has a vital role to play in the long-term energy future. Speaking at the Southern African Coal Conference, in Cape Town, Ndlovu said there has never been a more poignant time to speak about coal and its multiple attributes.
Bank of America's veteran mining head Omar Davis to retire
Thu, 02 Feb 2023 14:27:00 +0200
Bank of America’s global mining head Omar Davis, one of the most senior bankers covering the sector, is retiring. London-based Davis will remain with the Wall Street bank over the coming month as he hands over the reins to Ben Davies, who’s most recently run the same business in Europe, the Middle East and Africa, according to an internal memo seen by Bloomberg News.
Copper drives Anglo’s overall fourth-quarter production higher, but PGMs, nickel disappoint
Thu, 02 Feb 2023 14:08:00 +0200
Diversified miner Anglo American has reported a year-on-year improvement in the production of nearly all its commodities – except for platinum group metals (PGMs) and nickel – for the fourth quarter of 2022. CE Duncan Wanblad says overall production increased by 10% year-on-year, driven by the ongoing ramp-up of the Quellaveco copper mine, in Peru, which produced 80 000 t of copper in the quarter under review.
155 MW wind farm to be constructed in Mpumalanga by Seriti Green
Thu, 02 Feb 2023 13:39:00 +0200
Work is scheduled to begin soon on the construction of a wind farm in Mpumalanga, South Africa’s electricity heartland. The project, which begins with 155 MW of wind energy and expands to a capacity of 900 MW of renewables and 800 MWh of battery storage, forms part of an agreement that will see clean power wheeled through the national grid to meet the carbon neutrality aspirations of coal-mining company Seriti Resources. (Also watch attached Creamer Media video.)
Sojitz to sell Canadian copper mine stake
Thu, 02 Feb 2023 13:35:00 +0200
Japanese trading house Sojitz, which on Thursday reported record profit for the nine months to end-December, said it was selling its 12.5% stake in Canada's Gibraltar Mines. Sojitz said it booked a pre-tax loss of 6.3-billion yen ($49-million) in the October-December quarter from the planned sale of the copper mine to local partner Taseko Mines. "The reasons for the withdrawal are unstable operations, declining grade and increased risk of environmental liabilities," Yoshiki Manabe, managing executive officer, told a news conference.
GoviEx execs reflect on progress made in 2022, plans for this year
Thu, 02 Feb 2023 12:11:00 +0200
Mineral resources company GoviEx Uranium had a busy 2022, which saw the company move closer to its goal of becoming a uranium producer, executive chairperson Govind Friedland and CEO Daniel Major note in a letter to stakeholders. The company’s principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela project, in Niger; its mine-permitted Mutanga project, in Zambia; and its multi-element Falea project, in Mali.
Tantalex closes tender on TiTan production
Thu, 02 Feb 2023 12:10:00 +0200
Tantalex Lithium Resources says its TiTan tin and tantalum project, in the Democratic Republic of Congo (DRC), has closed on its tender for the production of 1 400 t/y of tin concentrate for two years. Metals and minerals trading company AfriMet Resources – part of the Vanomet group of companies – will buy up to 2 400 t of tin concentrate from Tantalex over 24 months, in exchange for a $3-million working capital facility.
Andrada reports positive results from drilling in Namibia
Thu, 02 Feb 2023 11:27:00 +0200
Aim-listed Andrada Mining, formerly AfriTin Mining has received further results from the lithium and tantalum infill drilling programme at its flagship operation, the Uis mine, in Namibia. Pegmatite was intersected in all holes at the depths and apparent widths, as predicted by the geological model.
New COO appointed to reposition Argonaut as lower cost miner
Thu, 02 Feb 2023 11:09:00 +0200
Canada-based Argonaut Gold has appointed professional engineer and geologist Marc Leduc as COO. "Marc and I worked closely at Barrick Gold and most recently in a private venture. I believe that Marc has the right skill set to facilitate Argonaut's repositioning to a lower cost North American gold company with significant organic growth opportunities," stated president and COO Richard Young
Kumba marks six fatality-free years, but warns of lower full-year earnings
Thu, 02 Feb 2023 10:36:00 +0200
Iron-ore producer Kumba Iron Ore has marked a significant milestone in its safety performance by achieving more than six years of fatality-free production. The company said on February 2 that the safety record was the result of maintaining a focus on improving safety measures and promoting a culture of safe work practices across its operations. “Kumba is producing safely and responsibly as we mark more than six years of fatality-free production. Sishen delivered a solid performance, demonstrating ongoing operational stability, while Kolomela’s performance is improving, ensuring that both of our operations are well set up for 2023,” Kumba CEO Mpumi Zikalala said.