Mining Weekly
Zimbabwe wants half of royalties paid in gems, precious metals
Fri, 30 Sep 2022 16:46:00 +0200
Zimbabwe wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash, as the southern African country seeks to build its mineral reserves. The Treasury was concerned that the country does not have reserves of the minerals, which “serve as a source of trust in a country given that they carry no credit or counter party risks,” Secretary for Finance George Guvamatanga said in a letter sent to the Ministry of Mines on Sept. 2 and seen by Bloomberg.
Zambia plans to acquire "golden shares" in mining sector, finmin says
Fri, 30 Sep 2022 16:42:00 +0200
The Zambian government plans to enhance its participation in the country's mining sector by acquiring "golden shares" in mining companies, finance minister Situmbeko Musokotwane said on Friday.
Global Tailings Summit in January will seek to address global tailings safety
Fri, 30 Sep 2022 16:39:00 +0200
Following the September 11 collapse of the Jagersfontein tailings dam, in the Free State, in South Africa, mining company CEOs, government Ministers from major mining nations and other key stakeholders have been invited by institutional investors to a Global Tailings Summit to be held in London, in the UK, on January 24, four years to the day since the Brumadinho tailings dam collapsed in Brazil, causing extensive damage to property, the environment and loss of life. “This is another dam collapse that is the legacy of having treated mining waste as an externality. The results are the same as lives are lost, houses destroyed, unknown environmental damage and communities continuing to live with unidentified risks in the shadow of tailings facilities.
Makwana returns to lead a new Eskom board that includes five engineers
Fri, 30 Sep 2022 16:34:00 +0200
Public Enterprises Minister Pravin Gordhan has unveiled the names of the much-anticipated new Eskom board, which includes five engineers and a trade unionist, and which will be led by Mpho Makwana, who was appointed executive chairperson at the utility in late 2009 following a previous leadership crisis. The board, whose three-year appointment begins on October 1, comprises 13 nonexecutive directors, including Dr Rod Crompton who has been retained from the previous board, and two executive directors, CEO André de Ruyter and CFO Calib Cassim.
South Africa is returning to prepandemic levels of economic growth
Fri, 30 Sep 2022 16:18:00 +0200
South Africa is returning to pre-Covid-19 levels of economic growth, according to the latest ‘KPMG Global Economic Outlook’ report. The global economic research and consulting firm said on September 29 that South Africa remained in a unique position where many of its natural resource exports mirrored those of Russia – such as palladium and other platinum group metals, gold, iron-ore and coal, as well as many other industrial metals.
Altlantic Lithium progresses Ewoyaa, increases cash
Fri, 30 Sep 2022 16:12:00 +0200
Aim-listed lithium explorer and developer Atlantic lithium, which is developing its Ewoyaa lithium project, in Ghana, incurred a loss after income tax of $34.65-million for the 2022 financial year ended June 30. At period’s end, the developer held A$23.9-million in cash, up from the A$19.1-million held as at June 30, 2021.
Challenging year for MC Mining
Fri, 30 Sep 2022 15:07:00 +0200
Coal miner MC Mining says the financial year ended June 30 was challenging for its Uitkomst Colliery, which was affected by the civil unrest in KwaZulu-Natal during July 2021, as well as the colliery’s largest customer beginning with major maintenance and not ordering any stock from March. “This led to Uitkomst starting with production tests of a low-ash coal for international steel mills and the production of API4 coal to take advantage of favourable international thermal coal prices.
Sibanye reaches wage agreement with NUM, UASA, but AMCU holds out
Fri, 30 Sep 2022 14:32:00 +0200
Diversified miner Sibanye-Stillwater says an agreement in respect of wages and benefits has been reached with two of the three recognised unions at its South Africa platinum group metals (PGMs) operations. The National Union of Mineworkers (NUM) and UASA have reached an agreement with Sibanye.
Zinc gains on potential for further smelter shutdowns
Fri, 30 Sep 2022 13:56:00 +0200
Zinc prices climbed on Friday, lifted by fears of further smelter closures owing to high power prices, while other metals gained after better than expected Chinese factory data. Three-month zinc CMZN3 on the London Metal Exchange (LME) advanced 1.9% to $2 986 a tonne by 10:10 GMT.
Export ban triples nickel investment in Indonesia’s Morowali
Fri, 30 Sep 2022 13:52:00 +0200
Indonesia’s nickel investment is set to triple in one of the country’s biggest industrial parks, following a 2019 ban on raw ore exports that President Joko Widodo says will help the economy produce higher-value goods. Spending on projects in Morowali Industrial Park in Sulawesi will reach $18-billion in 2022, compared with $6.7 billion in 2019, when the ban was imposed, according to Luhut Panjaitan, the coordinating minister for investment & maritime affairs.
Exploration, fund-raising, offshore green hydrogen make headlines
Fri, 30 Sep 2022 13:00:00 +0200
Mining Weekly Editor Martin Creamer talks to us about Council for Geoscience wanting South Africans to rally around exploration as the country’s ‘Big, Hairy, Audacious goal’; the JSE’s new product that is appropriate for fund-raising by junior mining companies; and the world’s first offshore green hydrogen production demonstrator platform which has been positioned offshore of France.  
Lifecycle assessment gives Giyani insight into K.Hill project’s global warming potential
Fri, 30 Sep 2022 12:08:00 +0200
TSX-V-listed Giyani has announced the results of a lifecycle assessment (LCA), prepared by Minviro, based on the feasibility study for its K.Hill battery-grade manganese project, in Botswana, with these concluding a total product global warming potential (GWP) of 3.2 kg of carbon dioxide equivalent (CO₂e) per kilogram high-purity manganese sulphate mono-hydrate (HPMSM). Scope 1 and scope 2 emissions contribute 1.4 kg CO₂e per 1 kg of HPMSM.
TRX commissions expanded oxide mill at Buckreef, Tanzania
Fri, 30 Sep 2022 11:26:00 +0200
Toronto-listed TRX Gold has commissioned the expanded 1 000 t/d oxide mill circuit at the Buckreef gold mine, in Tanzania. The mill expansion, from the original 360 t/d capacity, was planned less than 12 months ago at a capital cost of $4-million. The processing plant should reach its nameplate capacity by the end of October.  The operation will produce an average of 15 000 oz to 20 000 oz of gold over the life of the oxide mine plan.
Royal Coal shifts focus to EV metals exploration
Fri, 30 Sep 2022 11:16:00 +0200
Canadian exploration company Royal Coal has entered into an option agreement to acquire a 100% undivided interest in Poissons Blanc nickel/copper/cobalt property, in Quebec. The option repositions the company’s focus on resource exploration of electric vehicle (EV) metals. The Poissons Blanc property, host of the nickel/copper/cobalt McNickel deposit, is comprised of 32 mineral claims covering about 1 792 ha, located in the Saguenay mining district.
Atlantic Lithium's Ghana mine poised to begin production by 2024
Fri, 30 Sep 2022 10:54:00 +0200
Australia-based Atlantic Lithium expects to begin production at what would be Ghana's first lithium mine by the second half of 2024, the company's interim chief executive told Reuters. Lennard Kolff said in an interview that a recent scoping study showed revenue could reach nearly $5 billion over the mine's lifetime.
Aurizon wins funding for hydrogen plans
Fri, 30 Sep 2022 10:15:00 +0200
Freight operator Aurizon has been awarded A$5-million in funding from the Queensland government under the second round of the A$35-million Hydrogen Industry Development Fund (HIDF). Aurizon is proposing to put four hydrogen-fuelled prime movers on the road in Townsville and create more opportunities for other businesses to convert their transport fleets to new technology fuel.
QRC calls for coal royalty recall as other tax ideas fall
Fri, 30 Sep 2022 10:14:00 +0200
The Queensland Resources Council (QRC) has again called on the state government to review the coal royalty rate increases, in the wake of a decision on the state land tax. The Queensland government has shelved changes to the land tax after opposition from the Real Estate Institute of Queensland and other state and territory governments.
Ero makes significant nickel sulphide discovery in Brazil
Fri, 30 Sep 2022 09:50:00 +0200
Vancouver-headquartered Ero Copper on Thursday announced a significant regional nickel-sulphide discovery in the Curaçá Valley of Brazil. The newly discovered system, known as Umburana, has an initial strike length of 5 km and remains open in all directions.
Maelgwyn leveraging South Africa, African growth to expand business
Fri, 30 Sep 2022 09:33:00 +0200
Owing to the considerable organic growth it has achieved in South Africa and Africa, mineral processing technologies and processes provider Maelgwyn has relocated to a new building, in Boundary Park, North Riding, and is aiming to leverage these premises and the enhanced capacity and capabilities it offers to further bolster its growth over the next decade. The new facility replaces the company’s previous building in Roodepoort, Johannesburg.  
Endeavour appoints LBMA director to its board
Fri, 30 Sep 2022 09:24:00 +0200
LSE- and TSX-listed Endeavour Mining has appointed Sakhila Mirza, currently general counsel and an executive director of the London Bullion Market Association (LBMA) to its board of directors. Mirza has been appointed an independent nonexecutive director of Endeavour.