Mining Weekly
Community unrest leads to fatal shooting near Exxaro's Grootegeluk mine
Wed, 21 Oct 2020 17:05:00 +0200
Diversified South African-based resources group Exxaro Resources says a local community member was killed in a shooting incident near its Grootegeluk mine on October 20. "The deceased was part of a community protest that entered the private property owned by Exxaro near its Grootegeluk mine operations, which protestors set fire to a part of the veld and a conveyor belt leading out of the mine.
South African coal industry to reach tipping point in 2025
Wed, 21 Oct 2020 16:30:00 +0200
The South African coal industry will likely reach a tipping point by 2025, when renewable energy should be cheaper, both in terms of capital and operational expenditure, than existing coal-fired electricity capacity. This means that, by 2030, the South African coal landscape will look "completely different", as domestic coal production is likely to start fragmenting and shutting down,  African Source Markets CEO Bevan Jones noted during a webinar on October 21. In the near-term, however, the ...
Cleaner coal tech to help South Africa reduce emissions, says Minerals Council
Wed, 21 Oct 2020 16:28:00 +0200
Coal is integral to South Africa, economically and socially, and will continue to play a pivotal role for many years to come; therefore, technology and innovation in the industry should be pursued to mitigate carbon emissions as part of the country’s just energy transition journey. This was indicated by speakers during the Minerals Council South Africa’s ‘Advancing the just transition: coal technology and innovation’ webinar, held on October 21 − the day on which the council was also observing Global Ethics Day.
Aspasa tightens requirements for its members around fair competition, social aspects
Wed, 21 Oct 2020 16:26:00 +0200
The Aggregate & Sand Producers Association of Southern Africa (Aspasa) has introduced a new set of policies for members to uphold, which relate to all aspects of surface mining operations. Aspasa director Nico Pienaar says the code documents good, ethical behaviour and says that, while most member companies adhere to these anyway, it gives the association recourse in the event of unethical behaviour being reported.
Redemption of $450m convertible bonds completed − Sibanye
Wed, 21 Oct 2020 16:23:00 +0200
About $383-million of the outstanding $383.8-million in outstanding bonds have been converted by bondholders of JSE- and NYSE-listed Sibanye-Stillwater’s wholly owned subsidiary Sibanye Gold, which in September exercised its option to redeem all outstanding bonds. Sibanye Gold had exercised its option in respect of its $450-million 1.875% convertible bonds, due 2023, to redeem all outstanding bonds at their principal amount, together with accrued but unpaid interest up to but excluding the optional redemption date.
Phola communities allowed to intervene in Thabong, South32 coal merger; SAEF's application dismissed
Wed, 21 Oct 2020 16:21:00 +0200
The Competition Tribunal has dismissed the South African Energy Forum’s (SAEF’s) application to intervene in proceedings regarding the proposed large merger between Thabong Coal and South32 South Africa Coal Holdings (South African Energy Coal or SAEC).
Anglo stands ready to defend itself in lawsuit over lead poisoning in Zambia
Wed, 21 Oct 2020 16:06:00 +0200
Anglo American South Africa has noted a class action lawsuit filed against it by Mbuyisa Moleele Attorneys and Leigh Day in the Gauteng High Court, related to lead poisoning claims stemming from the Kabwe mine, in Zambia. The lawyers filed the lawsuit on behalf of a class estimated to comprise more than 100 000 individuals in the Kabwe district of Zambia. The claimants believe they have been exposed to lead contamination.
Nkomati Anthracite placed into business rescue
Wed, 21 Oct 2020 15:05:00 +0200
JSE-listed investment company Unicorn Capital Partners (UCP) has advised that its subsidiary, Nkomati Anthracite, has entered into business rescue. Daniel Terblanche has been appointed as the business rescue practitioner.
Centamin lowers 2021 guidance to accommodate rehabilitation of Sukari openpit
Wed, 21 Oct 2020 15:03:00 +0200
After a solid performance in the third quarter, London- and Toronto-listed Centamin has maintained its production guidance for this year at between 445 000 oz and 455 000 oz. However, the company has set its guidance lower for next year, at between 400 000 oz and 430 000 oz, while work is ongoing at the Sukari openpit mine, in Egypt, to improve operational flexibility.
Wärtsilä wins 128 MW power contract at Grasberg
Wed, 21 Oct 2020 14:34:00 +0200
The technology group Wärtsilä has received contracts from PT Freeport Indonesia for a 128 MW power plant to supply electricity to the Grasberg mine. The plant will be located at Amamapare, PT Freeport Indonesia’s port site in Papua. From here, the electricity will be fed to the Grasberg mine through a 100 km long transmission line. The new plant will facilitate the extension of operations from openpit to underground mining at Grasberg, which is in the remote highlands of the Sudirman mountain range in the province of Papua, western half of the island of New Guinea.
Sustainable shipping possible through platinum, fuel cells − WPIC
Wed, 21 Oct 2020 14:06:00 +0200
Shipping, which is vital to the global economy, is responsible for about 2.5% of the world’s total greenhouse-gas (GHG) emissions as it is reliant on fossil fuels for power to transport about 90% of all freight goods transported by sea. Like other forms of transport, the maritime sector has committed to reducing its carbon footprint and the International Maritime Organisation (IMO) has set a global target to cut yearly emissions by at least 50% by 2050 from 2008 levels.
Fresnillo lowers gold guidance, silver forecast unchanged
Wed, 21 Oct 2020 13:56:00 +0200
Mexico’s largest gold producer Fresnillo has lowered its 2020 guidance for gold, citing Covid-related work restrictions at its openpit mines, but the company kept its silver production outlook unchanged. The London-listed miner explained on Wednesday that it had to reduce the number of mine operators at Herradura, owing to Covid-19 preventative measures to protect the vulnerable personnel and lower-than-expected ore grades at the Dynamic Leaching plant, together with restricted access to deeper areas at the Noche Bueana mine. Silver mines, however, were performing in line with the forecast set at the beginning of the year.
Atalaya buys polymetallic project near Riotinto mine
Wed, 21 Oct 2020 12:28:00 +0200
London-listed Atalaya Mining on Wednesday announced the acquisition of a polymetallic project about 28 km from its Proyecto Riotinto mine, in Spain. Atalaya will pay €1.4-million cash for the Masa Valverde project, located in Huelva.
Gwalia issues affect St Barbara's bottom line
Wed, 21 Oct 2020 11:27:00 +0200
Gold miner St Barbara has seen gold production fall in the September quarter as the Gwalia project, in Western Australia, dealt with a seismic event and shift in the mine plan. Gold production for the three months to September reached 72 990 oz, compared with the 108 612 oz reported in the June quarter.
Cheaper gas on the cards for Gabanintha
Wed, 21 Oct 2020 11:26:00 +0200
ASX-listed Technology Metals Australia (TMT) has inked a memorandum of understanding (MoU) with fellow listed APA Group to investigate the provision of gas transportation services along a new pipeline supplying gas to the Gabanintha vanadium project. The proposed new 152 km pipeline will be developed by APA is shorter than the one contemplated in the definitive feasibility study (DFS) for the Gabanintha project, and is expected to deliver material operating cost savings from lower gas transportation charges.
New Century maintains output
Wed, 21 Oct 2020 11:25:00 +0200
Base metals producer New Century Resources has reported another solid quarter of production from its namesake zinc mine, in Queensland. During the three months to September, New Century produced 33 633 t of zinc metal, which was down 2% on the previous quarter’s 34 363 t, with the company telling shareholders on Wednesday that production growth during the quarter had been hampered by mechanical issues in the ball mill circuit and a planned major maintenance shutdown.
Orca Gold upbeat about Sudan project as Trump signals terror list removal
Wed, 21 Oct 2020 10:52:00 +0200
Removing Sudan from the State sponsors of terror (SST) list will open “exciting opportunities” for investment in the African country, Canadian gold explorer and developer Orca Gold said this week, citing its Block 14 gold project as one of those opportunities. President Donald Trump tweeted on Monday that the US would remove Sudan from the SST list, once the Sudanese government deposited an agreed amount of $335-million as a pay-out to US terror victims and families.
Petra to hold special tender to sell five blue diamonds
Wed, 21 Oct 2020 10:49:00 +0200
London-listed Petra Diamonds has launched a special tender process for its Letlapa Tala Collection, which comprises five blue diamonds of significant colour, clarity, size and heritage. The diamonds were recovered from the company’s Cullinan mine, in Gauteng.
Fortuna pours gold at Lindero
Wed, 21 Oct 2020 10:32:00 +0200
NYSE- and TSX-listed Fortuna Silver Mines has reported the first gold pour from its Lindero mine in Salta, Argentina. The pour took place on Tuesday and produced 728 oz of gold. “The first gold pour at Lindero, our third mine in the Americas, is a significant achievement for the company as we advance the mine’s ramp-up phase towards commercial production in the first quarter of 2021. “Lindero is a mine with reserves for a projected life of thirteen years and is a pillar in Fortuna’s asset portfolio,” said president and CEO Jorge Ganoza.
Antofagasta reports Q3 copper output fall but keeps guidance
Wed, 21 Oct 2020 10:25:00 +0200
Chilean miner Antofagasta on Wednesday reported a 4.6% drop in third-quarter output on the previous quarter and said annual output was likely to be at the lower end of its 2020 guidance. Antofagasta produced 169 600 tonnes of copper during the third quarter down from the 177 700 tonnes in the previous three months, mainly due to major maintenance work at its flagship Los Pelambres mine and lower grades at its Antucoya operations. The London-listed miner said it expected 2020 production to be at the lower end of its original guidance of between 725 000 to 755 000 tonnes while net cash costs are expected to fall below the originally guided $1.20 per pound.