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Zinc News

Anglo signs another green steel deal involving South African iron-ore  

By: Martin Creamer     4th April 2023 Mitigating climate change, the biggest challenge of our time, requires a new, clean industrial revolution, says H2 Green Steel of Sweden, which on Tuesday announced the signing of a memorandum of understanding (MoU) with Anglo American to advance green steelmaking. The London- and... 

Glencore is still pursuing Teck after $23bn bid rejected

By: Bloomberg     4th April 2023 Glencore is still pursuing its $23-billion proposal to buy Teck Resources and seeking talks with the Canadian company’s management, undeterred by firm rejections from both Teck’s board and controlling shareholder. Glencore has proposed an ambitious multi-stage deal to acquire Teck for shares and... 

Gary Nagle says Glencore would like to engage with Teck further
Gary Nagle says Glencore would like to engage with Teck further

Glencore will likely sweeten $23bn Teck bid, analysts say

By: Bloomberg     3rd April 2023 Glencore will likely sweeten its $23-billion proposal for Teck Resources, according to mining analysts, positing that a deal could still happen despite the company’s rejection. Analysts at Royal Bank of Canada and Jefferies Group said the UK mining giant will have to raise its bid to woo Teck... 

Glencore will likely sweeten $23bn Teck bid, analysts say

Trackless mobile machinery one of mining’s burning issues, ENSafrica webinar hears  

By: Martin Creamer     3rd April 2023 South Africa’s new trackless mobile machinery (TMM) regulations published five months ago are one of mining’s burning issues and perhaps an undeclared state of national disaster for some, ENSafrica webinar attendees heard on Monday. TMM is defined as any self-propelled mobile machine used at a... 

ENSafrica's safety and health webinar team.
ENSafrica health and safety webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Whim Creek DFS proves up

By: Esmarie Iannucci     3rd April 2023 A definitive feasibility study (DFS) into the Whim Creek polymetallic project, in the Pilbara, has estimated a capital cost of A$71-million to develop the project. ASX-listed Anax Metals on Monday reported that the project would generate a free cash flow of A$340-million, would have a pre-tax... 

Critical metals for low-carbon economy being studied across 12 universities  

By: Martin Creamer     30th March 2023 A consortium across a dozen South African universities has the spotlight on critical metals for a low-carbon future. At a time when the mining world is focused firmly on the availability of critical metals to arrest global temperature increases, South Africa’s Centre of Excellence for Integrated... 

Professor Judith Kinnaird, the Visiting Professor of the School of Geosciences, and the co-director of Cimera at the University of the Witwatersrand.
Cimera's Professor Judith Kinnaird interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Sibanye tying up New Century strings

By: Esmarie Iannucci     30th March 2023 Suitor Sibanye-Stillwater Resources has started the compulsory acquisition of the remaining shares in takeover target New Century Resources after gaining a 90% interest in the ASX-listed company. Sibanye-Stillwater in February launched a A$1.10 a share takeover offer for Australian zinc miner... 

Mining needs truth-and-reconciliation approach to ESG, says Rifle-Shot’s Naidoo  

By: Martin Creamer     29th March 2023 Mining companies need to approach environmental, social and governance (ESG) principles on a truth and reconciliation footing and be honest about where they are on a scale of one to 10, says Rifle-Shot Performance business development director Dilley Naidoo. Naidoo, who spoke to Mining Weekly on... 

Rifle-Shot Performance Business Development Director Dilley Naidoo.
Rifle-Shot’s Dilley Naidoo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

CAML in good position to grow through acquisition

By: Mariaan Webb     29th March 2023 Base metals miner Central Asia Metals Limited (CAML), which operates in Kazakhstan and North Macedonia, is continuing efforts to expand and CEO Nigel Robinson says the company is in a good position to grow through acquisition. Last year, the company appraised 40 opportunities, signed... 

Platinum group metals can add million South African jobs plus R8-trillion to economy  

By: Martin Creamer     28th March 2023 Collaborative marketing of platinum group metals (PGMs) has the potential to add a million more South African jobs and contribute R8-trillion more to the economy as the world greens and lowers carbon intensity. The combination of green hydrogen displacing natural gas and fuel cell electric... 

Platinum group metals can boost South African jobs and economic growth.
PGM Industry Day covered by Mining Weekly’s Martin Creamer. Video editing: Darlene Creamer.

Foran closes C$100m private placement

By: Creamer Media Reporter      28th March 2023 Exploration and development firm Foran Mining has raised C$100-million in a private placement, which it will use to advance its projects in Saskatchewan. The company offered 20.27-million shares of the company at an issue price of C$3.70 a share for gross proceeds of C$75-million, as well as... 

Epiroc to deliver $17m worth of new equipment to Kipushi in DRC

By: Darren Parker     23rd March 2023 Original-equipment manufacturer Epiroc has won a large order from mining contractor JCHX Mining and Construction for equipment to be used at an underground mine that is reopening in the Democratic Republic of Congo (DRC). “We look forward to supporting JCHX in making operations at the Kipushi... 

Sibanye-Stillwater extends helping hand to New Century  

By: Esmarie Iannucci     23rd March 2023 Suitor Sibanye-Stillwater has offered a A$30-million lifeline to takeover target New Century Resources, after that company was forced to halt operations at its Queensland zinc mine in early March, following heavy rains. Operations are expected to remain suspended for a further two to three weeks. 

Safety environment that almost guarantees that people come first is a must, says Naidoo  

By: Martin Creamer     20th March 2023 Mine safety is absolutely essential. Stopping injury and fatality in mines just has to happen. How can South Africa achieve the zero harm that is needed? This was Mining Weekly’s opening question to Dilley Naidoo, the director of business development at Rifle-Shot Performance. (Also watch... 

Mining is striving for zero harm.
Rifle-Shot Performance's Dilley Naidoo interviewed by Mining Weekly's Martin Creamer. Video and Video Editing: Darlene Creamer.

Teck Trial commits to Zinc Mark

By: Creamer Media Reporter      17th March 2023 Canadian miner Teck Resources on Thursday announced that its Trial Operations, in British Columbia, has committed to the implementation of the Zinc Mark. The Zinc Mark is part of the Copper Mark’s multi-metals approach using the Copper Mark assurance framework, a framework which aims to promote... 

Full production at Century targeted for April

By: Esmarie Iannucci     17th March 2023 Heavy rainfalls in Queensland could likely see a quicker uptake of global miner Sibanya-Stillwater’s takeover offer for zinc miner New Century Resources, as operations at its namesake mine remain suspended. New Century earlier this month suspended operations at the Century mine and at the... 

Image shows zinc bars

Orion will now build smaller but get base metals into production far sooner 

By: Martin Creamer     15th March 2023 What South Africa’s base metals mining aspirant Orion Minerals has been trying to do over the last two years is to drive a very typical historic project financing arrangement for junior mining. This very typical historic project financing model involves getting banks in for between 60% and 70% of... 

Northern Cape base metals' hubs.
Northern Cape base metals' hubs.

Banking has crucial role to play in enabling mining to transition to clean energy, says Nedbank CIB 

By: Martin Creamer     14th March 2023 The banking sector has a crucial role to play in enabling mining companies to transition to clean energy fully, says Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo. “Innovative funding structures and sustainable-finance solutions can help... 

Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.
Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.

Re-pursue exploration to help re-build South Africa’s economy, says business booster   

By: Martin Creamer     13th March 2023 Let us re-pursue the exploration investment that catalysed South Africa’s economic growth more than a century ago as a means of helping to rebuild South Africa’s struggling economy. That is among the ardent messages put over by mining sector performance enhancer Dilley Naidoo, the the director of... 

Dilley Naidoo, Director of Business Development, Rifle-Shot Performance.
Rifle-Shot Performance's Dilley Naidoo interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

New Century suspends zinc ops

By: Esmarie Iannucci     9th March 2023 Takeover target New Century Resources has suspended production at its namesake zinc mine, in Queensland, and at the Karumba port facility, following heavy rainfall in the region. The company on Thursday said that only critical dewatering and maintenance activities continued at the moment.  

Image shows zinc bars

New Century shareholders urged to accept Sibanye's buyout offer

By: Esmarie Iannucci     8th March 2023 Takeover target New Century Resources has urged shareholders to accept the A$1.10 a share takeover offer from global metals miner Sibanye-Stillwater. In a statement to shareholders on Wednesday, New Century told shareholders that the suitor had already obtain a relevant interest of 73.41%, and... 

Iron-ore and copper drop on lack of Beijing spending pledges

By: Bloomberg     6th March 2023 Commodities from iron-ore to copper fell after China set a cautious economic growth target of about 5% for the year and didn’t announce any major new stimulus. The goal unveiled at the National People’s Congress was below what most economists had been expecting, and may reflect a desire to... 

The National People's Congress meeting was held in Beijing on Monday.
The National People's Congress meeting was held in Beijing on Monday.

Africa should build battery metals value chain to capitalise on its mineral resources

By: Donna Slater     3rd March 2023 The world must decarbonise its growth models and shift to renewable energy sources to meet the goals of the Paris Climate Agreement, the United Nations’ (UN’s) Sustainable Development Goals and Africa’s Agenda 2063, UN Economic Commission for Africa acting executive secretary Antonio Pedro has... 

Sibanye-Stillwater records third-best earnings as it celebrates tenth anniversary  

By: Martin Creamer     28th February 2023 This month ten years ago, Sibanye Gold Limited was unbundled by Gold Fields Limited and listed on the JSE and the NYSE as an independent company with three deep-level South African gold mines and a market capitalisation of R10-billion. Today, the group, headed by CEO Neal Froneman, is intent on... 

Sibanye-Stillwater ten years on.
Sibanye-Stillwater's half-year results presentation covered by Mining Weekly's Martin Creamer. Video editing: Darlene Creamer.

Higher commodity prices failing to spur fixed mining investment  

By: Martin Creamer     28th February 2023 The regulatory uncertainties and inability of the industry to transparently, quickly and efficiently apply for mining and prospecting rights in a corruption-free manner has had severe investment consequences, Minerals Council South Africa states in its Facts & Figures Pocketbook 2022. This is... 

South African mining remained a trillion rand industry for the second year in 2022.
South African mining remained a trillion rand industry for the second year in 2022.

Record revenue at Sandfire

By: Esmarie Iannucci     28th February 2023 Metals miner Sandfire Resources has reported record sales revenue for the half-year ended December, on the back of production and sales contributions from the MATSA operation, in Spain. Sales revenue for the six months to December reached $431.7-million, up from the $311.8-million reported in... 

This road could save the planet — and carve up Alaskan wilderness

By: Bloomberg     28th February 2023 Coldfoot, Alaska, is a lone truck stop-cafe-bar-motel 60 miles north of the Arctic Circle. It’s the last spot for northbound semis to gas up on their way to Prudhoe Bay and a place where camo-clad hunters smelling to high hell eat stacks of burgers and swap stories while dead moose lie in pickups... 

This road could save the planet — and carve up Alaskan wilderness

Trackless mobile machine safety next big challenge, says Minerals Council  

By: Martin Creamer     27th February 2023 Having last year achieved the lowest fall of ground fatalities ever, South African mining’s next big safety challenge is to achieve greater safety in the use of trackless mobile machines – rubber-tired vehicles that operate in underground mines without making use of rail tracks. In 2021, South... 

From left to right, Nikisi Lesufi, Japie Fullard, Roger Baxter and Allan Seccombe.
From left to right, Nikisi Lesufi, Japie Fullard, Roger Baxter and Allan Seccombe.

Allaying infrastructure obstacles can aid sector

By: Cameron Mackay     24th February 2023 Despite operational and legislative challenges, local law firm Beech Veltman CEO Warren Beech stresses that South Africa is in an ideal position to capitalise on and benefit from the increasing demand for “battery minerals”. These minerals support the global transition to a green economy and the... 

Appian puts up C$100m for Canada zinc project JV

By: Mariaan Webb     23rd February 2023 London-based private equity group Appian Natural Resources has committed to invest C$100-million to acquire a 60% interest in the Pine Point zinc project, in the Northwest Territories, TSX-V-listed Osisko Metals announced on Wednesday. The parties will form a joint venture (JV) to advance Pine... 

Appian puts up C$100m for Canada zinc project JV

Minerals Council welcomes 125% energy tax break in Budget speech

By: Martin Creamer     22nd February 2023 Minerals Council South Africa welcomed the government’s intervention on Eskom’s debt and the financial encouragement to stimulate businesses building renewable energy projects by offering generous tax incentives as outlined in the 2023 Budget Speech. The Minerals Council believes there should be... 

Green steel to cut Scope 3, solar to cut Scope 2, hydrogen to cut Scope 1 – Kumba Iron Ore 

By: Martin Creamer     21st February 2023 South Africa’s Kumba Iron Ore sees itself as a critical player in the decarbonisation journey. Regarding tricky Scope 3 emission reduction, the Anglo American company is partnering with top steelmakers Salzgitter, ThyssenKrupp and Nippon to cut its Scope 3; advancing fast towards generating its... 

Kumba Iron Ore CEO Mpumi Zikalala.
Kumba Iron Ore CEO Mpumi Zikalala.

Kumba Iron Ore resilient in tough environment, declares cash dividend

By: Martin Creamer     21st February 2023 South African iron-ore producer Kumba has delivered a resilient financial performance in 2022, despite the year being characterised by a volatile macro environment, lower iron-ore prices, disruptive logistics, cost pressures and operational challenges, the JSE-listed company reported on Tuesday.... 

Dense media separation plant at Kumba Iron Ore's Kolomela operation.
Dense media separation plant at Kumba Iron Ore's Kolomela operation.

Sibanye-Stillwater makes a play for New Century

By: Esmarie Iannucci     21st February 2023 Global metals miner Sibanye-Stillwater has launched a A$1.10 a share takeover offer for Australian zinc miner New Century Resources, in which it already holds a 19.9% interest. Sibanye-Stillwater on Tuesday expressed concern about the change in the strategic directions of New Century under its... 

The New Century zinc mine, in Queensland.
The New Century zinc mine, in Queensland.

South Africa’s hydrogen corridor will create 14 000 jobs, says Anglo Platinum CEO  

By: Martin Creamer     20th February 2023 South Africa’s hydrogen corridor, which has been declared a strategic project, will create 14 000 jobs and consume 63 000 oz of platinum, Anglo American Platinum CEO Natascha Viljoen told Mining Weekly on Monday. Viljoen’s interview by Mining Weekly followed the JSE-listed company’s presentation... 

Anglo American Platinum CEO Natascha Viljoen (left) and FD Craig Miller at the results presentation.
Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Darlene Creamer

India opposes Vedanta's $3bn zinc assets sale

By: Reuters     20th February 2023 The Indian government has opposed Hindustan Zinc's $2.98-billion acquisition of assets from the flagship firm of Vedanta Resources, dealing a blow to billionaire Anil Agarwal's plans to trim down the mining giant's $7.7-billion net debt. The government, which owns a nearly 30% stake in Hindustan... 

Anil Agarwal
Anil Agarwal

Anglo Platinum makes R131bn socioeconomic contribution, records best-ever safety year 

By: Martin Creamer     20th February 2023 The contribution of platinum group metals (PGMs) company Anglo American Platinum to society in 2022 totalled R131-billion, made up mainly of taxes and royalties at R19-billion, salaries and wages at R15-billion, local procurement of R25-billion, capital investment of R17-billion and dividends of... 

Strong performance from Unki, Zimbabwe.
Strong performance from Unki, Zimbabwe.

Opportunity to commercialise greenness of South Africa’s nuclear power, says South32 

By: Martin Creamer     17th February 2023 Nuclear power is part of the green taxonomy in Europe, where South Africa places most of its aluminium products and where most of the price pressures on non-green aluminium are going to arise in the coming years. But, for some reason, nuclear energy is not part of the green taxonomy in South Africa. 

South32 COO Noel Pillay.
South32 COO Noel Pillay.
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