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Mining Weekly News

Copper 360’s debut load of ore exits one of the shafts at Rietberg mine. This was the first time in 41 years that mining activity in the Northern Cape’s copper district recommenced.
Reopened Rietberg copper mine on way to becoming Copper 360’s cash cow
23rd August 2024 By: Martin Creamer

The revived Rietberg copper mine is on its way to becoming the cash cow of Copper 360, the Johannesburg Stock Exchange AltX company, which last week produced the first copper ore in the O’Kiep... 


Glencore chairperson Kalidas Madhavpeddi.
Glencore to continue to oversee responsible decline of thermal coal operations
23rd August 2024 By: Martin Creamer

Diversified mining and marketing company Glencore is to continue to oversee the responsible decline of its thermal coal operations over time, the board has decided. While the decision has been... 


AngloGold CEO Alberto Calderon.
AngloGold interim dividend up 450%, half-year free cash flow lifts to $206m
23rd August 2024 By: Martin Creamer

Gold mining company AngloGold Ashanti on Tuesday reported a soaring interim dividend improvement on strong free cash flow uplifted by the elevated gold price, operational improvement and cost... 


Gold recovered from e-waste
UK’s Royal Mint produces recycled gold from new e-waste factory
23rd August 2024 By: Marleny Arnoldi

The UK Royal Mint has unveiled a new factory that processes e-waste to produce gold, which it is marketing as a more sustainable gold recovery method.  The company aims to process up to 4 000 t/y... 


The Greenbushes lithium mine is the cornerstone of IGO's growth.
Lithium to remain crucial amid market uncertainties
23rd August 2024 By: Mariaan Webb

Lithium will continue to play a key role in the future of battery technology and in the broader energy transition, despite significant market uncertainties, according to Australian miner IGO MD... 


Sylvania's Doornbos plant.
Initial output from Sylvania Platinum’s new tailings project on track for first half of 2025
16th August 2024 By: Martin Creamer

First production from the developing Thaba Joint Venture (JV) chrome and platinum group metals (PGMs) recovery project on the northern part of the western limb of South Africa’s well-endowed... 


Mogale Tailings Retreatment Project, near Krugersdorp, on Gauteng’s West Rand.
Pan African’s below-$900/oz tailings advance beating budget, conquering clock
16th August 2024 By: Martin Creamer

The latest gold tailings retreatment project of Pan African Resources is ahead of schedule and below budget. The Mogale Tailings Retreatment (MTR) Project, located to the west of Johannesburg, near... 


176 ct Lulo diamond
Lucapa recovers 176 ct diamond from Lulo
16th August 2024 By: Sabrina Jardim

ASX-listed Lucapa Diamond Company has recovered the fifth diamond weighing more than 100 ct at its joint venture Lulo mine, in Angola, this year. The 176 ct Type IIa diamond recovered is also the... 


The Filo del Sol project on the border of Argentina and Chile
BHP expands copper portfolio with strategic South American acquisition, joint venture
16th August 2024 By: Mariaan Webb

Diversified miner BHP on Tuesday announced a strategic move to expand its copper portfolio by jointly acquiring, with Lundin Mining, an advanced-stage copper exploration project in South America.... 


Ferrochrome smelting.
Merafe’s ferrochrome production 17% down
16th August 2024 By: Martin Creamer

Ferrochrome production attributable to the Johannesburg Stock Exchange-listed Merafe Resources from the Glencore Merafe Chrome Venture for the six months to June 30 was a 17%-lower 154 000 t... 


coal on train
TFR reports modest improvement but admits much work still to be done
9th August 2024 By: Darren Parker

Although there has been a “slight” improvement year-on-year in terms of State-owned Transnet Freight Rail’s (TFR’s) North Corridor performance, the beleaguered rail operator is “not out of the... 


Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa supports beneficiation where the economics make sense
9th August 2024 By: Martin Creamer

Minerals Council South Africa, whose members account for 90% of this country's annual mineral production by value, supports beneficiation where the economics make sense. “Therefore, we welcome the... 


EY partner Thabi Malatji (right) facilitating discussion with Seriti Resources CEO Mike Teke (centre) and Seriti Green CEO Peter Venn (left) at Coal & Energy Transition Day.
Seriti’s wind move may be further energy transitioned by solar, Coal & Energy Day hears
9th August 2024 By: Martin Creamer

Black-owned coal mining company Seriti Resources' advance into wind energy through Seriti Green may be further advanced by an entry into solar power, Tuesday’s Coal & Energy Transition Day 2024 was... 


Kumba Iron Ore CEO Mpumi Zikalala.
Public-private partnership providing powerful performance potential – Kumba Iron Ore
9th August 2024 By: Martin Creamer

The commitment of South Africa’s new multi-party government to continued reform of this country’s iron-ore logistics was hailed on Tuesday by Kumba Iron Ore. During the presentation of half-year... 


Glencore's chrome smelter in Lydenburg
China, South Africa still driving chrome supply globally
9th August 2024 By: Marleny Arnoldi

In unpacking production and export figures for chrome and ferrochrome in 2023 and the first quarter of this year, the International Chromium Development Association (ICDA) has confirmed that China... 


Graph showding projected downward path of platinum.
Minerals Council VP spells out platinum production decline expectation to Shanghai
2nd August 2024 By: Martin Creamer

Under current market conditions, many platinum mines will close prematurely due to a lack of financial resources – and even without financial constraint, closure of depleting mines will result in... 


COMRO’s Legacy author Brian Protheroe (right) interviewed by Mining Weekly's Martin Creamer.
Mining’s dormant gold analyser seen as potential gold optimiser with help of today’s tech
2nd August 2024 By: Martin Creamer

For 30 years, 800 people at the now defunct Chamber of Mines Research Organisation (COMRO) devoted intense ongoing effort to research and development to advance mining in general and gold mining in... 


Petra Diamonds CEO Richard Duffy
Petra focusing on refinancing $250-million loan notes
2nd August 2024 By: Martin Creamer

Having reset its cost base, delivering new life-of-mine (LoM) plans with a smooth capital profile, the focus of Petra Diamonds is very much on refinancing its $250-million loan notes. “We plan to... 


Mineral and Petroleum Resources Minister Gwede Mantashe
June 2025 targeted for new cadastre migration
2nd August 2024 By: Chanel de Bruyn

Mineral and Petroleum Resources Minister Gwede Mantashe has said the migration to a new mining cadastre system is expected to be completed by June 2025. The former Department of Mineral Resources... 


Errol Smart and Paul Miller.
South Africa’s mineral endowment, public market edges must be put to work, Utshalo insists
26th July 2024 By: Martin Creamer

With South Africa's mineral endowment and its public capital markets being two of its greatest advantages, both need to be put to work in a manner that is common in other global mining... 


Orion Minerals MD Errol Smart
Orion reports robust assay results from Okiep project’s Flat Mines area
26th July 2024 By: Darren Parker

ASX- and JSE-listed Orion Minerals has reported robust assay results from the confirmation diamond drilling programme in the Flat Mines area at its Okiep Copper Project (OCP) in the Northern Cape.... 


World Platinum Investment Council CEO Trevor Raymond.
Platinum’s appeal soaring on gold price gap, critical mineral status and industrial demand
26th July 2024 By: Martin Creamer

Platinum’s appeal is being bolstered by its wide discount to gold, increasing industrial applications, and inclusion on the critical mineral lists of many countries, World Platinum Investment... 


Kamoa-Kakula
Kamoa-Kakula maintains 2024 copper production guidance of up to 490 000 t
26th July 2024 By: Darren Parker

TSX- and OTCQX-listed Ivanhoe Mines has reported that its Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) produced 100 812 t of copper in concentrate during the second quarter... 


Platinum Group Metals CEO Frank Hallam.
Platinum mine developer working with govt on export of concentrate to Saudi Arabia
26th July 2024 By: Martin Creamer

Toronto- and New York-listed Platinum Group Metals, the near-term objectives of which are to advance the Waterberg project in Limpopo to a development and construction decision, is working with the... 


Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen.
Investors very positive on South Africa’s unity govt, says Pallinghurst’s Arne Frandsen
19th July 2024 By: Martin Creamer

Amongst all our investors, there’s a very broad support for South Africa’s government of national unity initiative, says Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen. “I think it’s... 


Anglo CEO Duncan Wanblad
Anglo further supports education, entrepreneurship with handover of Jhb CBD building to Wits Business School
19th July 2024 By: Sabrina Jardim

Demonstrating its broad commitment to education, entrepreneurship and leaving a positive legacy in the Johannesburg central business district (CBD), diversified miner Anglo American on June 28... 


African Rainbow Minerals Executive Growth Jacques van der Bijl.
High hopes for potentially game-changing technology at platinum group metal mines
19th July 2024 By: Martin Creamer

Development of an innovative new mining method for narrow tabular steep dipping orebodies has reached an advanced stage after four years of effort. The reef boring machine that has already been put... 


Drilling at the Kipushi mine
Century-old Kipushi mine returns to production following 31-year pause
19th July 2024 By: Darren Parker

Dual-listed Ivanhoe Mines has announced the completion of construction and the restart of the Kipushi zinc/copper/lead/germanium mine, in the Democratic Republic of Congo (DRC), 100 years after it... 


Barrick Gold President and CE Dr Mark Bristow, who says Kibali was built on partnerships with its stakeholders.
Renewables component of DRC gold mine’s energy mix to hit 85% next year
19th July 2024 By: Martin Creamer

The reputation of the large Kibali gold mine, run by Barrick Gold in the Democratic Republic of Congo (DRC), is being significantly enhanced by its far-reaching contribution to the development and... 


Anglo Executive Market Development Head Benny Oeyen
Anglo spearheading exciting new clean hydrogen mobility initiative across Europe
12th July 2024 By: Martin Creamer

Platinum-based hydrogen fuel cell electric vehicles (FCEVs) received a major boost on Wednesday with the announcement of an initiative to deploy new fleets of zero-emission FCEV taxis in Europe.... 


Barrick Gold chairperson John Thornton
Business model of Western mining industry needs new power, London Indaba highlights
12th July 2024 By: Martin Creamer

New power is needed by the Western mining industry, which is still functioning on a trailing old power business model. This was highlighted at Tuesday’s London Indaba, where a spotlight was shone... 


Africa’s rich critical mineral potential underscored
12th July 2024 By: Tasneem Bulbulia

During the first day of the London Indaba, on June 25, held under the theme “Investing in Resources and Mining in Africa”, panel discussions unpacked what the continent’s mining jurisdictions could... 


Errol Smart
South Africa now a compelling world investment story, upbeat Orion highlights
5th July 2024 By: Martin Creamer

“The sun is finally shining on us,” an upbeat Orion Minerals CEO Errol Smart enthused during an Australia/South Africa webinar on Wednesday, when he outlined how South Africa has become one of the... 


Richards Bay Minerals GM for Growth Strategy Bradley Reddy.
Fast-greening Richards Bay Minerals now eyeing on-site renewables, storage, aggregation
5th July 2024 By: Martin Creamer

Energy-intensive Richards Bay Minerals (RBM), which consumes an average of 1.8 terawatts of power a year, was able to secure its latest 140 MW wind energy power purchase agreement (PPA) in six... 


Central banks to increase gold holdings in next 12 months, says World Gold Council
Central banks to increase gold holdings in next 12 months, says World Gold Council
5th July 2024 By: Schalk Burger

More than eight in ten, or 81%, of respondents to the 2024 Central Banks Gold Reserves survey said they expect reserve managers to continue to increase their gold holdings in the next 12 months.... 


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Magazine round up | 13 December 2024
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