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Froneman tells world of Sibanye’s confidence in hydrogen economythmess

Mining Weekly 1 day 20 hours ago
Platinum group metals (PGMs) are poised to be a very significant underpin in the green hydrogen economy and Sibanye-Stillwater is intent on ensuring that the supply of PGMs is sustainable and that the company is part of the global climate change solution, Sibanye CEO Neal Froneman told a global online conference on Friday. Addressing attendees in Tokyo, Beijing, Moscow, Johannesburg, London and New York, Froneman said that while PGMs continued to play their long-standing role of cleaning the air of their cities through their presence in the autocatalysis systems of the exhausts of internal combustion engine vehicles, the metals would experience a slight change in demand in the medium-to-long-term as they catalysed hydrogen fuel cells and hydrogen-generating electrolysers in the world's advance zero-emission.

Kavango signs option agreement for 51.15% stake in Molopo Farms Complexthmess

Mining Weekly 1 day 20 hours ago
London-listed Power Metal Resources has signed a three-month option agreement with fellow-listed Kavango Resources, whereby Kavango may acquire 51.15% of the issued share capital of Kalahari Key Mineral Exploration, based in Botswana. Kalahari Key has a 60% effective interest in the Molopo Farms Complex project, which is prospective for nickel, copper and platinum group metals.

Two Chinese nationals killed, others kidnapped in eastern Congo - armythmess

Mining Weekly 1 day 21 hours ago
Two Chinese nationals have been killed and an unknown number of other people kidnapped in an attack by the Codeco militia on a mining camp in eastern Democratic Republic of Congo, an army spokesman said on Thursday. A local chief and a civil society leader also confirmed the two deaths and said eight other Chinese people were missing after Wednesday's attack. They also blamed Codeco, one of an array of armed groups active in the area.

Kefi progressing projects in Ethiopia, Saudi Arabia thmess

Mining Weekly 1 day 22 hours ago
Aim-listed Kefi Gold and Copper's subsidiary Tulu Kapi Gold Mines Share Company (TKGM), has completed its recent incident management and investigations and is now preparing for the launch of the Tulu Kapi gold project in Ethiopia. Members of Kefi's senior management team are based in Ethiopia to support the various project teams, including those at the Tulu Kapi site, which remains quiet despite the security situation elsewhere in the country, with the closest conflicts several hundred kilometres from TKGM's sites, Kefi says in a November 26 statement.

Russia arrests safety inspectors after coal mining disaster; death toll jumps past 50thmess

Mining Weekly 1 day 22 hours ago
Police in Siberia said on Friday they had arrested two state safety inspectors suspected of criminal negligence leading to loss of life as Russia's coal mining heartland mourned one of its worst disasters since Soviet times. A gas leak in a coal mine in the Kemerovo region killed 52 people on Thursday, the Emergencies Ministry confirmed on Friday, including six rescuers who were sent down to try to bring out dozens of men stuck deep underground.

Copper falls on new coronavirus variant jittersthmess

Mining Weekly 2 days 2 hours ago
London copper prices fell on Friday as a newly identified Covid-19 variant in South Africa and expectations of faster-than-expected US rate hikes fuelled concerns of an economic slowdown. Three-month copper on the London Metal Exchange dipped 0.6% to $9 741 a tonne by 02:50 GMT. The most-traded January copper contract on the Shanghai Futures Exchange fell 1.2% to 71 050 yuan ($11,115.63) a tonne.

Valor raises funds for Canadian drilling thmess

Mining Weekly 2 days 2 hours ago
Explorer Valor Resources will raise A$5.4-million in a share placement to fund exploration activities in Canada. The ASX-listed company this week said it would issue 319-million shares, at a price of 1.71c each, under its existing placement capacity.

Jindal plans to start building Botswana coal mine in 2022thmess

Mining Weekly 2 days 2 hours ago
India's Jindal Steel & Power Limited (JSPL) will start building a coal mine in Botswana's southeastern Mmamabula coalfields in 2022, aiming to supply the export market and a planned coal power plant, a company official said. The Indian industrial giant aims for the mine to produce 4.5-million tonnes of coal per year.

$1bn NPV for Hot Maden, production expected in 2024thmess

Mining Weekly 2 days 3 hours ago
The feasibility study of the Hot Maden copper/gold project, in Turkey, has yielded robust results, with an after tax net present value of $1.05-billion and an internal rate of return of 36%. NYSE- and TSX-listed Sandstorm Gold, which has a 30% interest in the project, reports that Hod Maden has proven and probably reserves of 2.45-million ounces of gold and 287-million pounds of copper.

Elevate Uranium raises A$11.5mthmess

Mining Weekly 2 days 3 hours ago
ASX-listed Elevate Uranium, previously known as Marenica Energy, will raise some A$11.5-million in a share placement to institutional, sophisticated and professional investors. The company on Friday said it had received firm commitments for the placement of more than 25.5-million shares, at a price of 45c each, to raise A$11.5-million.

Brian Menell’s TechMet invests in Cornish Lithiumthmess

Mining Weekly 2 days 3 hours ago
Mineral exploration and development company Cornish Lithium has landed its first investment from a financial institution, with technology metals investor TechMet putting £18-million into the UK company. TechMet, founded by British-South African metals industrialist Brian Menell, invests in technology metals projects around the world.

Hudbay promotes Lauzon to COOthmess

Mining Weekly 2 days 4 hours ago
Diversified miner Hudbay Minerals has appointed Andre Lauzon, its current Arizona business unit’s VP, as senior VP and COO with effect from January. Lauzon is replacing Cashel Meagher, who is leaving the company to pursue other interests.

Gold jumps as new virus variant fears grip investorsthmess

Mining Weekly 2 days 4 hours ago
Gold gained on Friday as concerns about a hit to the global economic recovery, due to the spread of a new coronavirus variant identified in South Africa, drove investors to the safety of bullion. Spot gold jumped 0.9% to $1 805.26 per ounce by 09:51 GMT. US gold futures advanced 1.2% to $1 805.20.

S Australia extends ADIthmess

Mining Weekly 2 days 5 hours ago
The South Australian government on Friday announced that it would extend its Accelerated Discovery Initiative (ADI) until 2025, committing a further A$11.5-million to the exploration programme. The ADI provides co-financing to mineral exploration activities to attract greater exploration investment, bringing forward new mineral resource discoveries, jobs, Aboriginal employment opportunities and royalties.

AVZ joins battery council in the DRCthmess

Mining Weekly 2 days 5 hours ago
Junior AVZ Minerals has pledged its support to develop a new Democratic Republic of Congo (DRC) Battery Council to develop a sustainable battery value chain in the region. The ASX-listed company’s pledge followed a business forum in Kinshasa promoting the development of battery, electric vehicle and renewable energy sub-sectors in the DRC and other African nations.

Renascor flags higher yields at Siviour thmess

Mining Weekly 2 days 5 hours ago
ASX-listed Renascor Resources has flagged higher yields and higher prices for its Siviour purified spherical graphite (PSG) product. The company on Friday noted that commercial scale testing of downstream milling equipment, using the Siviour graphite concentrate, had delivered spherical graphite yields of more than 60%, which was compared with the 50% yield considered in the battery anode material study.

Beach faces class action from shareholder thmess

Mining Weekly 2 days 5 hours ago
Oil and gas producer Beach Energy is facing a shareholder class action. The company this week confirmed that it had been served with group proceedings filed in the Supreme Court of Victoria, which name Beach as the defendant.

B2Gold weighs acquiring gold assets in Zimbabwethmess

Mining Weekly 2 days 7 hours ago
B2Gold, the Canadian company that owns mines in Africa and the Philippines, is interested in acquiring gold assets in Zimbabwe. The mid-tier gold producer which has mines in Mali, Namibia and the Philippines, has held talks with the government and other officials in the southern African nation “to see if they are ready for us to come in,” said Clive Johnson, CEO at the Vancouver-based company. “There is really a strong case and we are making that case in Zimbabwe,” Johnson said in a November 24 interview. “We are looking at it as intriguing potential with some advanced projects as well as exploration potential.”

Argentine State energy firm YPF spies lithium tie-ups with China's CATLthmess

Mining Weekly 2 days 7 hours ago
rgentina's State energy company YPF, making a push into the country's burgeoning lithium sector, met with officials from major Chinese battery maker CATL on Thursday, with both sides talking up plans to become "strategic partners" in the sector. The South American country, part of the region's so-called lithium triangle, is trying to ramp up production of the ultra-light metal that is key to the electric vehicle (EV) revolution, with the state eager to play a more central role via YPF.
Mining Weekly covers real-time news on mining projects across a range of minerals including gold, platinum, diamonds, copper and ferrous metals.
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