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Vale unveils $3.3bn plan to boost copper and nickel output

By: Reuters     20th June 2024 Vale plans to spend as much as $3.3-billion on improvements at its mining operations in Brazil and Canada to boost copper and nickel production capacity over the next four years. The Brazilian mining giant sees the potential to expand production capacity to about 500 000 tons of copper by 2028... 

Vale Base Metals chairperson Mark Cutifani
Vale Base Metals chairperson Mark Cutifani

Canada oil sands group removes online content over federal anti-greenwashing rules

By: Reuters     21st June 2024 he Pathways Alliance, a group of Canada's biggest oil sands producers, has removed all content about environmental goals from its website and social media pages, citing "significant uncertainty" over the federal government's anti-greenwashing legislation. Bill C-59, which only needs royal assent... 

Canada oil sands group removes online content over federal anti-greenwashing rules

Allegations of human rights abuses 'unfounded', Barrick Gold tells UNHRC

By: Reuters     21st June 2024 Barrick Gold said in a letter to the United Nations Human Rights Council on Thursday that allegations of human rights violations at its North Mara gold mine were "misdirected, unfounded" and "lacked substance". The UNHRC's special procedures branch had sent a letter to the Canadian gold miner in... 

Allegations of human rights abuses 'unfounded', Barrick Gold tells UNHRC

McEwen advances new mine at Fox Complex

By: Mariaan Webb     21st June 2024 Canada-based McEwen Mining is developing a new mining operation at the Stock property of the Fox Complex, in Timmins, Ontario. The Stock property, which includes the former Stock mill and mine, has yielded about 137 000 oz of gold from an underground operation between 1989 and 2005. 

SQM to join Talga in Swedish lithium project

By: Mariaan Webb     21st June 2024 Battery materials and technology company Talga Group has entered into an earn-in agreement with lithium miner Sociedad Química y Minera de Chile (SQ) over the Aero project, in Sweden. Under the agreement, Talga has granted SQM the right to sole fund exploration expenditure of up to $19-million... 

Ex-BlackRock exec calls for unity to fight climate change

By: Bloomberg     21st June 2024 Paul Bodnar, BlackRock’s former chief of sustainable investing, said climate activists need to stop “demonizing” the fossil-fuel industry for advances to be made on the environmental front. “There’s too much demonizing between industry and the environmental community right now,” said Bodnar, who... 

Green Technology appoints founder as MD

By: Creamer Media Reporter      20th June 2024 Canada-focused Green Technology Metals (GT1) has announced the appointment of Cameron Henry as new MD. Henry, a founder and substantial shareholder of GT1, will steer the company through its upcoming growth phase, focusing on the development of its North American lithium assets and the... 

Australia to fund road clearing to Porgera mine after PNG landslide

By: Reuters     20th June 2024 Australia said it would provide A$2-million to Papua New Guinea to restore road access to the Porgera gold mine, previously one of the world's largest, and other support for survivors after a deadly landslide in Enga province in May. Seven Australian ministers and the country's police chief are... 

Dutch miner AMG buys into Portuguese lithium project

By: Reuters     20th June 2024 Dutch miner AMG has acquired a 15.77% stake in London-based Savannah Resources to become the largest shareholder in the company that is developing a lithium project in northern Portugal, the companies said on Thursday. Savannah CEO Emanuel Proenca said the £16-million investment represented a... 

Dutch miner AMG buys into Portuguese lithium project

Australia's east faces immediate gas shortage amid cold snap, outage

By: Reuters     21st June 2024 Australia's east is facing a gas shortage after a cold snap drove up demand for heating and power while supply dipped due to an extended outage at the region's main gas plant, the energy market operator said. To help boost supply, the market operator has asked gas producers in Queensland state,... 

Ausgold completes acquisition of freehold properties at Katanning

By: Creamer Media Reporter      21st June 2024 ASX-listed Ausgold has finalised the acquisition of two freehold properties at its 100%-owned Katanning gold project (KGP), about 275 km south-east of Perth, marking a milestone in advancing the project towards production. The acquired properties span a total area of 1 026 ha within the KGP. One... 

Ausgold completes acquisition of freehold properties at Katanning

Arcadia appoints new project manager for Namibia mine

By: Creamer Media Reporter      21st June 2024 ASX-listed Arcadia Minerals has appointed Eugene Coetzee as project manager to oversee the construction of the Swanson tantalum mine, in Namibia. Coetzee brings more than three decades of hands-on experience in engineering and project management across diverse sectors, including mining and... 

Alicanto makes board changes in new growth strategy push

By: Creamer Media Reporter      21st June 2024 Exploration company Alicanto Minerals has made several board and management changes as part of a new growth strategy that will see it review potential project acquisitions. Raymon Shorrocks has moved from nonexecutive chairperson into the role of interim executive chair. With more than 30 years... 

Eskom to apply for MES exemptions for four coal stations that will operate beyond 2030

By: Terence Creamer     21st June 2024 Having secured permission to operate five aged power stations under existing minimum emission standards (MES) plant limits until their closure in 2030, Eskom has confirmed that it will be applying for exemption from the MES timeframes and limits for four stations that will remain operational... 

Kendal among the stations for which an exemption from the MES timeframes and limits will be sought
Photo by Creamer Media
Kendal among the stations for which an exemption from the MES timeframes and limits will be sought

Aurubis names Toralf Haag as new CEO after board overhaul

By: Bloomberg     21st June 2024 Copper producer Aurubis has named Toralf Haag as its new CEO, completing an overhaul of its board in the wake of a giant raw-materials fraud. Haag will take over from Roland Harings, after the company’s supervisory board terminated his contract early in January, along with two other executive... 

Andrada reports higher tin, tantalum production for the quarter ended May 31

By: Darren Parker     21st June 2024 Aim-listed Andrada Mining, which owns operations in Namibia, has announced a 14% quarter-on-quarter increase in saleable tantalum concentrate production to 9 t for the quarter ended May 31, which is the first quarter of its 2025 financial year. In its quarterly operational update released on June... 

Andrada CEO Anthony Viljoen
Andrada CEO Anthony Viljoen

Global gold mining major highlights academic partnership with South Africa’s Fort Hare 

By: Martin Creamer     21st June 2024 The University of Fort Hare, where the offspring of mineworkers were the first graduates, has agreed a R12.5-million, initial ten-year academic partnership with gold mining major AngloGold Ashanti, which no longer mines in this country and is now domiciled in London. Fort Hare is the university... 

University of Fort Hare Vice-Chancellor Professor Sakhela Buhlungu (left) and South Africa President Cyril Ramaphosa.
University of Fort Hare Vice-Chancellor Professor Sakhela Buhlungu (left) and South Africa President Cyril Ramaphosa.

WAF draws down $265m loan to build Burkina Faso gold project

By: Darren Parker     21st June 2024 ASX-listed unhedged gold mining company West African Resources (WAF) has fully drawn down the $265-million secured loan facility from Sprott Resource Lending and Burkina Faso-based Coris Bank International for the development of the company’s Kiaka gold project, in Burkina Faso, and other... 

China Baowu completes purchases of stake at Simandou project

By: Bloomberg     21st June 2024 China Baowu Steel Group has completed its purchase of a stake in the Simandou project in Guinea, as China’s top steelmaker looks to expand its interest in the world’s largest untapped iron ore mine. Baowu bought an undisclosed stake from Winning Consortium Simandou, which owns the two northern... 

China Baowu completes purchases of stake at Simandou project

Orion, Thungela, Richards Bay Minerals make headlines   

21st June 2024 Mining Weekly Editor Martin Creamer discusses South Africa becoming one of the world’s most compelling short-term investment stories, which is good news for Orion Minerals; Thungela Resources being poised to spend R3.9-billion worth of capital in South Africa going forward; and Richards Bay... 

Orion, Thungela, Richards Bay Minerals make headlines

France's Orano says Niger has removed mining permit for its Imouraren unit

By: Reuters     21st June 2024 French company Orano said on Thursday that Niger had removed a mining permit for its subsidiary Imouraren. Orano said the decision would have a negative economic impact on Niger and added it reserved the right to take legal measures to challenge the decision. 

China's coal imports from Russia rise to eight-month high in May

By: Reuters     21st June 2024 Russia's coal shipments to China rose to the highest level in eight months in May after Moscow suspended export duties, official data showed on Thursday. Russia's coal exports to China rose to 9.1-million metric tons in May, according to Chinese customs administration data. That was up 1.5% on... 

Pilbara Minerals eyes A$1.2bn road to double lithium output

By: Reuters     21st June 2024 Pilbara Minerals, Australia's biggest independent lithium producer, on Friday laid out a A$1.2-billion plan to double production capacity for lithium spodumene at its Pilgangoora operation in Western Australia. More spodumene from the miner's flagship operations could result in a decade of... 

Pilbara Minerals eyes A$1.2bn road to double lithium output

Magazine round up | 21 June 2024 

21st June 2024 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 21 June 2024

Evion ramping up graphite production in India

By: Creamer Media Reporter      20th June 2024 The Panthera expandable graphite facility, in India, has largely concluded its testing and production ramp up, with full production of at least 150 t set to be reached in the short term. Panthera is a 50:50 joint venture between Metachem Manufacturing and ASX-listed Evion.  

Evion ramping up graphite production in India

Key EV battery material can come from a surprising source: methane

By: Bloomberg     20th June 2024 Graphite is key to manufacturing the lithium-ion batteries that power everything from electric cars to smartphones. While China is the world’s top producer and exporter of the crystalline carbon, there’s been a push to grow a US supply chain. Oakland-based startup Molten Industries is working to... 

Australian mining sector faces surge in insolvency rates

By: Creamer Media Reporter      20th June 2024 In a stark indicator of economic strain, the Australian mining sector has witnessed a dramatic 41% surge in its failure rate year-on-year as of May, according to the latest data from credit reporting bureau CreditorWatch. This increase underscores the growing financial instability affecting both... 

Australian mining sector faces surge in insolvency rates

Dwyka highlights new drone technology at showcase

By: Darren Parker     20th June 2024 Mining technology company Dwyka Mining Services has announced the launch of several new drone technology services through its partnerships with drone technology companies Wingtra, Emesent and now Skydio. At a showcase event hosted at the FNB Stadium, in Gauteng, on June 20, Dwyka announced its... 

A Skydio drone and Boston Dynamics robot dog
Photo by Creamer Media
A Skydio drone and Boston Dynamics robot dog, just two of the tools at Dwyka's disposal

Marula finalising arrangement for first sales from Blesberg project

By: Creamer Media Reporter      20th June 2024 Africa-focused battery metals investment and exploration company Marula Mining’s executive management team is finalising the outstanding logistics and export arrangements for the initial 500 t of spodumene to be sold from the Blesberg project, in South Africa. This initial sale and the receipt of... 

Green copper, vapour refining envisaged at Orion’s Northern Cape base metals mines 

By: Martin Creamer     20th June 2024 Green copper and clean smelting and refining are envisaged at Orion Minerals’ quickly advancing base metals mines in South Africa’s well-endowed Northern Cape province, which has historically produced 2.5-millon tons of copper until base metal mining ceased there several decades ago. The fully... 

This Prieska mine chamber was blasted in the 1970s.
Photo by Creamer Media
This Prieska mine chamber was blasted in the 1970s.

Eskom wins South African appeal to keep five polluting power plants open

By: Bloomberg     20th June 2024 South Africa’s State power utility and biggest source of air pollution won an appeal to keep five of its oldest plants open even though they are set to flout incoming emission caps. The plants - which account for almost a quarter of Eskom Holdings’ almost 45 GW of coal-fired generation capacity -... 

The Matla power plant

Proposed Australian emissions shift could conceal methane — Ember

By: Bloomberg     20th June 2024 Australian opencut coal mine operators may be able avoid reporting hundreds of thousands of tons of methane emissions if a government proposal to change how the releases are estimated is approved, according to Ember. The plan from the Department of Climate Change, Energy, the Environment and... 

Proposed Australian emissions shift could conceal methane — Ember

Europe’s EV battery plans fade on China price war, US subsidies

By: Bloomberg     20th June 2024 In 2019, France and Germany agreed to pump billions of euros into a plan to boost Europe’s battery industry and catch up with China and the US. Five years later, that effort is running out of steam. As electric-vehicle sales slow, companies including Volkswagen, Stellantis and Mercedes-Benz are... 

Europe’s EV battery plans fade on China price war, US subsidies

Drone-sinking of coal ship takes Red Sea perils to new level

By: Bloomberg     20th June 2024 The sinking of a coal-carrier by a sea drone has boosted the risk of navigating the vital Bab el-Mandeb chokepoint to a new level and is driving a fresh surge in insurance costs. The British navy said Tuesday that the only visible objects in the last known location of the Tutor dry-bulk carrier... 

Harmony confident of meeting full-year targets, reporting 'exceptional' free cash flow

By: Creamer Media Reporter      20th June 2024 JSE-listed Harmony Gold Mining Company has informed shareholders that it will meet its production, grade and cost guidance for the financial year to end on June 30, and that it continued to generate "exceptional" operating free cash flow on the back of the recovered grades, a higher rand gold... 

Harmony Gold CEO Peter Steenkamp
Harmony Gold CEO Peter Steenkamp

American Pacific starts drilling at Palmer project

By: Creamer Media Reporter      20th June 2024 US-focused exploration and development company American Pacific Mining has initiated a diamond drill programme at the high-grade Palmer copper/zinc VMS project in Alaska, with joint venture (JV) partner Dowa Metals and Mining Alaska. “We are excited to begin this year’s drill program at Palmer,”... 

Construction of South Star’s Brazil graphite mine nearing completion

By: Creamer Media Reporter      20th June 2024 Canada-listed South Star is gearing up for production from the Phase 1 plant of its flagship Santa Cruz graphite mine, in Brazil, to start in the coming weeks. Construction of the 1 000 t/m plant will be completed this month, followed by an estimated six weeks of commissioning and ramp-up. 

Defense Metals appoints new chair

By: Creamer Media Reporter      20th June 2024 Vancouver-based Defense Metals, which owns the Wicheeda rare earth element project in British Columbia, has announced the appointment of Guy de Selliers as chairperson of the board. De Selliers, a director of Defense Metals, brings four decades of expertise and vision as the chairperson of the... 

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