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Lead News

South32 board approves $2.16bn US zinc mine

By: Mariaan Webb     15th February 2024 The board of South32 has given the green light for the development of the Taylor polymetallic deposit – the first development at its regional-scale Hermosa project in the US state of Arizona. The development of Taylor, which is aligned with the group’s strategy to reshape its portfolio, will... 

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Vedanta focused on becoming ESG leader 

7th February 2024 Good governance and sustainable development are at the core of diversified global natural resources and technology conglomerate Vedanta Group's strategy, with a strong focus on health, safety and environment, and on enhancing the lives of local communities. The group is focused on becoming the... 

Vedanta focused on becoming ESG leader

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Nigeria to offer investors 75% stake in proposed solid minerals firm

By: Reuters     31st January 2024 Nigeria plans to offer investors at least a 75% stake in a proposed solid minerals corporation, a minister said on Tuesday, as lawmakers draft legislation to create the new state-backed firm to wean the West African country from its reliance on oil. Africa's top energy producer has struggled to... 

Coal miner Ndalamo pursuing renewable energy, other minerals

By: Martin Creamer     31st January 2024 Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo states this in an Op-Ed in relation to the overarching theme of next week's 2024 Investing in... 

Ndalamo CEO Shammy Luvhengo.
Ndalamo CEO Shammy Luvhengo.

Anglo launches battery raw materials research project with large China recycler 

By: Martin Creamer     26th January 2024 South Africa-founded and Johannesburg- and London-listed Anglo American on Friday announced the launch of a research and development project in collaboration with one of China’s largest battery and battery material recyclers. The purpose of the project with Shenzhen-based GEM is to explore new... 

GEM and Anglo teams at signing ceremony.
GEM and Anglo teams at signing ceremony.

Base metals navigating macroeconomic uncertainties

19th January 2024 With market dynamics presenting a mixed bag of challenges and potential opportunities, base metal nickel, specifically, has experienced notably low prices, averaging at $18 255/t in October 2023, which cross-commodity price reporting agency Fastmarkets says “prompts a cautious re-evaluation of... 

POTENTIAL REBOUND
Recent price increases suggest a potential rebound for copper in the macroeconomic environment
POTENTIAL REBOUND Recent price increases suggest a potential rebound for copper in the macroeconomic environment

Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister 

By: Martin Creamer     18th January 2024 The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview with Radio 702 host Clement Manyathela on Thursday. Mantashe disclosed to Manyathela that agreement had... 

Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Gwede Mantashe

Global mining commits to nature-positive future 

By: Martin Creamer     18th January 2024 Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems and natural processes. International Council of Metals and Minerals (ICMM) members have pledged... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

South Africa-linked mining luminaries advising on metals industry greening 

By: Martin Creamer     17th January 2024 South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive smelters, toxic chemicals and strong acids. 

Ian Cockerill, Mark Cutifani and Tony O'Neill
Photo by Creamer Media
Ian Cockerill, Mark Cutifani and Tony O'Neill

Smart wristwatches to uplift mineworker well-being at Copper 360  

By: Martin Creamer     16th January 2024 Computer programmes that use artificial intelligence (AI) to model orebodies and plan mines optimally have already been introduced by Copper 360, says the JSE AltX-listed Northern Cape copper mining company, which is developing the Rietberg copper mine, the first of a dozen copper mining assets... 

Copper 360 CEO Jan Nelson
Copper 360 CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

JSE presents opportunity for critical mineral miners to access capital  

By: Martin Creamer     12th January 2024 Critical mineral demand is growing significantly at a time when South Africa has a pressing need to reawaken its public markets – two crucial needs that can be fulfilled in one go by companies raising capital on the Johannesburg Stock Exchange (JSE) to fund their entry into the critical minerals... 

JSE business development manager Patrycja Kula-Verster
JSE Business Development Manager Patrycja Kula-Verster interviewed by Engineering News & Mining Weekly.

Bear Creek Mining appoints CFO

By: Creamer Media Reporter      20th December 2023 Gold and silver miner Bear Creek Mining Corporation has appointed Fernando Ragone CFO, with effect from December 18. Ragone, a mining finance executive with 28 years of experience, has held senior executive positions at numerous large companies in Canada, Peru, Mexico, the US, Argentina,... 

South African court denies class action against Anglo American

By: Reuters     17th December 2023 South Africa's High Court has ruled that a class action lawsuit against miner Anglo American brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the claimants said on Saturday. Victims of the alleged poisoning had accused Anglo's South African unit of... 

An Anglo American logo on a jacket

Mining urged to embrace international council’s new Scope 3 emissions guidance 

By: Martin Creamer     13th December 2023 All mining and metals companies are being urged to embrace new guidance on reducing Scope 3 emissions, which was published by the International Council for Mining and Metals (ICMM) on Wednesday. The guidance is a tool to assist mining companies in their engagement with the financial sector,... 

ICMM CEO Rohitesh Dhawan.
ICMM CEO Rohitesh Dhawan.

South Africa’s community engagement ahead of global peers, manganese AGM hears 

By: Martin Creamer     6th December 2023 The South African mining industry is years ahead of its international peers when it comes to local and community engagement, Australia-listed Jupiter Mines, which owns 49.9% of the Tshipi manganese mine in South Africa’s Northern Cape, has told its shareholders. The controlling shareholder of the... 

Jupiter Mines chairperson Ian Murray
Jupiter Mines chairperson Ian Murray.

Greenfield investment lagging badly, mining’s contribution to economy halved 

By: Martin Creamer     1st December 2023 The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last two decades, Minerals Council South Africa’s latest Facts and Figures 2022 points out. Net fixed... 

Mining's net fixed capital formation, shown in blue, must be boosted.
Mining's net fixed capital formation, shown in blue, must be boosted.

Explorer Forsan sets out to raise C$200m

By: Creamer Media Reporter      30th November 2023 Copper/zinc/gold/silver exploration company Foran Mining has announced a brokered private placement to raise C$200-million. BMO Capital Markets is the sole bookrunner and co-lead agent, together with Eight Capital and National Bank Financial as co-lead agents.  

Polymetals raises cash for Endeavour mine

By: Mariaan Webb     30th November 2023 Australian exploration company Polymetals Resources has announced an one-for-six nonrenounceable rights issue of new shares to raise up to A$8.12-million. Executive chairperson David Sproule will subscribe for A$1-million worth of shares. 

Maiden resource estimate for Variscan’s San Jose

By: Mariaan Webb     28th November 2023 ASX-listed Variscan Mines has announced a maiden mineral resource estimate (MRE) of 1.1-million tonnes at 9% zinc and 1.2% lead at the San Jose mine, in northern Spain. The project is centred around the former producing San Jose underground zinc/lead mine with a large surrounding area of... 

New Utshalo has potential to boost mining IPOs, enliven public markets 

By: Martin Creamer     24th November 2023 South Africa has a pressing need to reawaken its public markets and the new Utshalo must be complimented for setting out to do just that. New mining capital raisings have become too few and far between, liquidity is drying up, and the delisting trend on the Johannesburg Stock Exchange (JSE) must... 

Former Nedbank investment banker Paul Miller.
Former Nedbank investment banker Paul Miller.

Investigating tailings dumps for in-demand minerals

24th November 2023 US State geology department the US Geological Survey (USGS) has invested more than $2-million into studying the potential to source critical mineral resources in mine waste such as mine tailings, as part of US President Joe Biden’s Bipartisan Infrastructure Law in cooperative agreements with 14... 

A scientist sieves a sample of tin placer tailings in Cassiterite Creek on the western Seward Peninsula of Alaska
CRITICAL ANALYSIS A scientist sieves a sample of tin placer tailings in Cassiterite Creek on the western Seward Peninsula of Alaska

African Rainbow Minerals provides R20-million for Wits University research 

By: Martin Creamer     23rd November 2023 Diversified mining company African Rainbow Minerals (ARM) is supporting postdoctoral research into water, energy and digitalisation at the University of the Witwatersrand (Wits) in Johannesburg. The investment is firmly located within the university’s mining precinct and dovetails with the... 

ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.
ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.

Nigeria revokes 1 633 mining titles for defaulting on service fee

By: Reuters     21st November 2023 Nigeria has revoked 1 633 mining titles for non-payment of statutory annual service fees, its minister of mines said on Tuesday. The affected titles, which are part of a total 2 213 pencilled for revocation, include 536 exploration licences, 279 quarry licences, 787 small-scale mining licences,... 

Imperative that exploration plan be implemented as matter of urgency – Khoza

By: Martin Creamer     17th November 2023 If South Africa is not to be left out of the exploration boom, spurred by the immense mineral resources required to develop technologies needed to achieve net zero, it is imperative that the recommendations of South Africa’s Exploration Implementation Plan be implemented in full as a matter of... 

Integrated Geoscience Solutions Technical Director Dr David Khoza.
Integrated Geoscience Solutions Technical Director Dr David Khoza.

Renewables now critical part of metal mining thinking, says Sibanye-Stillwater 

By: Martin Creamer     14th November 2023 Renewables have become a critical part of metal mining thinking, the Sibanye-Stillwater Battery Metals Investor Day 2023 audience heard on Tuesday. “If you look at electricity, renewables are expected to account for between 80% and 90% of global power generation. So, renewables have become a very... 

Sibanye-Stillwater CEO Neal Froneman.
Sibanye-Stillwater Battery Metals Investor Day covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Gold Resources initiates strategic review

By: Mariaan Webb     7th November 2023 Precious metals miner Gold Resources has initiated a formal review process to evaluate strategic alternatives, including a potential sale of the company, the US-headquartered firm announced on Monday. Citing “continued challenges”, the board of directors stated that that review process would... 

Hydrogen plant buildout plan under way at metals smelter in Rustenburg 

By: Martin Creamer     1st November 2023 Work has begun on the development of a hydrogen plant at the smelting site in Rustenburg of Ironveld, the London Aim-listed speciality metals producer. The required funds have been raised to proceed with the manufacture and installation of a commercial demonstration plant that will produce... 

BurnStar CEO Dr Johan Brand with test reactor.
BurnStar CEO Dr Johan Brand with test reactor.

Galena stock sinks on updated guidance

By: Mariaan Webb     30th October 2023 The share price of Galena Mining hit a low on Monday, as the company released its latest quarterly results and announced an updated guidance for the 2023 calendar year. The base metals junior, which is ramping up the 60%-owed Abra mine in the Gascoyne region of Western Australia, lowered its... 

BlackRock says buy metals companies if you care about the climate

By: Bloomberg     30th October 2023 Investors are missing a big opportunity to profit from the energy transition because they have an outdated view of the metals and mining industry, according to one of the sector’s most influential investors. “Our view from speaking to our clients and investors at large is that the opportunity... 

BlackRock says buy metals companies if you care about the climate

Australia unveils A$2bn critical minerals boost

By: Mariaan Webb     25th October 2023 In a move that underscores Australia’s goal to secure its position as a global leader in critical minerals, Prime Minister Anthony Albanese has unveiled a A$2-billion expansion in critical minerals financing. The financing will effectively double the capacity of the Critical Minerals Facility to... 

Prime Minister Anthony Albanese is visiting the US this week.
Prime Minister Anthony Albanese is visiting the US this week.

Teck says restructuring remains 'priority'

By: Reuters     24th October 2023 Teck Resources was progressing "expeditiously" on a split of its coal and copper businesses, the Canadian miner said on Tuesday, after missing quarterly profit estimates on weak sales of steelmaking coal. The company also trimmed its full-year production forecast for copper, steelmaking coal,... 

Jonathan Price
Jonathan Price

Teck Resources misses quarterly profit estimates, trims copper output forecast

By: Reuters     24th October 2023 Canadian miner Teck Resources missed market estimates for third-quarter profit on Tuesday, pressured by lower prices for steelmaking coal and zinc, and reduced sales volumes of steelmaking coal and Highland Valley copper. Excluding items, the company reported an adjusted profit of C$0.76 per... 

Teck Resources misses quarterly profit estimates, trims copper output forecast

NSW grants Aurelia mining lease for Federation project

By: Creamer Media Reporter      24th October 2023 The New South Wales government has granted ASX-listed Aurelia Metals a mining lease for its Federation zinc, lead and gold project. The lease covers 3 885 ha and has been granted for 21 years. 

Endeavor restart to cost A$23.7m

By: Esmarie Iannucci     16th October 2023 A mine restart study for the Endeavor silver/zinc/lead mine, in New South Wales, estimates that the project will require a capital investment of A$23.7-million and could support an initial ten-year mine life with significant growth potential. ASX-listed Polymetals Resources on Monday reported... 

Image shows stacked zinc bars
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