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Mining Weekly 09/29/2020 04:48
Despite global uncertainty around the Covid-19 pandemic and the impacts of associated lockdowns, Aim-listed AfriTin Mining has steadily increased production from its Uis tin mine, in Namibia, resulting in a marked increase in revenue for the six months ended August 31. The company reported a revenue of £1.08-million for the six months under review, with the plant having achieved record production of 37.5 t of tin concentrate in August.
Mining Weekly 09/29/2020 04:47
Gauteng acting health MEC Jacob Mamabolo says the planned AngloGold Ashanti Hospital will greatly contribute to the provision of quality healthcare services in the West Rand area of Gauteng. Gold miner AngloGold Ashanti has committed to the long-term investment that will help the Gauteng health system and the West Rand community respond to Covid-19 and other healthcare requirements.
Mining Weekly 09/29/2020 04:24
The Queensland government has granted a mining lease for the A$1-billion Olive Downs coal mine being developed by Pembroke Resources. The project is forecast to produce 15-million tonnes a year of saleable coal over a 79-year mine life, and would create over 1 000 jobs in the region.
Mining Weekly 09/29/2020 03:00
A bankable feasibility study (BFS) into the Idaho cobalt operation, in the US has confirmed the potential to establish a near-term, low cost cobalt/copper/gold mine with significant opportunity to increase the mineral resource and extend the mine reserves once mining started. ASX-listed Jervois Mining on Tuesday reported that based on a processing rate of 1 200 t/d, the project could produce 1 915 t/y of cobalt, 2 900 t/y of copper and 6 700 oz/y of gold, over a mine life of seven years.
Mining Weekly 09/28/2020 10:30
Rio Tinto said on Tuesday that it was ready to talk to stakeholders over allegations of human rights breaches at a giant copper mine in Bougainville that it formerly owned, after community members filed a complaint with the Australian government. "We are ready to enter into discussions with the communities that have filed the complaint," it said, adding it would also speak with current mine owners as well as the Bougainville and Papua New Guinea governments. The stance marks a change from April, when Rio rebuffed a request by the same group for a review of health and safety concerns at the mine as a starting point for discussion around compensation and remediation.
Mining Weekly 09/28/2020 08:31
London-listed Anglo Asian said on Monday that it was monitoring the situation in Azerbaijan, where a decades-long standoff over the Nagorno-Karabakh region has escalated with fierce fighting reported between Armenian and Azerbaijani forces. The gold, copper and silver producer said its office in Baku and operations at Gedabek continued to function as normal. Anglo Asian also noted that hostilities in the Nagorno-Karabakh region had never affected the mountainous Armenian border area near the company's mining and processing operations.
Mining Weekly 09/28/2020 08:31
One of China’s top climate research institutes says the country will phase out coal power around 2050 on its path toward meeting President Xi Jinping’s new climate targets. Carbon emissions will peak sometime between 2025 and 2030, and total energy demand will start to decline around 2035, according to a new report from Tsinghua University’s Institute of Energy, Environment and Economy, which works closely with the Ministry of Ecology and Environment on projecting long term goals. The report, presented in a webinar on Sunday, is the first road map from a government-affiliated group showing how the country might proceed to becoming carbon neutral by 2060, a goal laid out by Xi last week in a speech to the United Nations.
Mining Weekly 09/28/2020 08:01
Mining entrepreneur Robert Friedland said on Monday that dual-listed Clean TeQ would be patient with the development of the Sunrise battery material project, in New South Wales, and that it would seek to develop the project with partners that understood the value of a responsible supply chain. Commenting on the completion of a project execution plan (PEP) for Sunrise, Friedland said automotive supply chains were coming to realise that they were playing a game of nickel and cobalt musical chairs. "We are halfway through the second verse and the music will eventually stop," he said.
Mining Weekly 09/28/2020 04:01
President Cyril Ramaphosa says the Gazetting of a Ministerial determination enabling the development of more than 11 800 MW of new electricity capacity by independent power producers (IPPs) signals government’s intention to move ahead with one of the key reforms needed to unlock growth and investment in the ailing economy, which has been further knocked by the Covid-19 pandemic.
Mining Weekly 09/28/2020 03:00
Canadian diversified miner Lundin Mining has withdrawn its 2020 guidance for the Chapada copper/gold mine, in Brazil, following a power outage that caused "significant" damage to the operation’s four SAG and ball mill motors. The operation suffered an outage on Saturday morning and when power was restored, the protection system at the main electrical substation failed, resulting in damage to the motors, the company said in a statement on Sunday. Early indications were that the motors would need to be removed from site and undergo extensive repair.
Mining Weekly 09/28/2020 03:00
Australia has pared its forecasts for mining and energy export revenue this year, as liquefied natural gas (LNG) and metallurgical coal earnings are forecast to be slightly weaker than earlier expected. Total earnings from mining and energy exports are forecast to fall 12% in the year to June 2021 to A$256-billion from a record high of A$290-billion a year earlier, the Department of Industry said in its latest quarterly report. "In 2020/21, relatively weak resource and energy commodity prices -- with the notable exception of gold and iron ore -- and lower coal export volumes are expected to drive a sizable fall in export earnings," the government said.
Mining Weekly 09/28/2020 03:00
Operations at the Neves-Corvo mine, in Portugal, have been suspended, following the death of a longtime employee at the mine on Friday. The accident occurred in an active production heading that was undergoing scaling activities, diversified miner Lundin Mining reported on Monday. The Canada-based mining firm said that it was investigating the accident and also retaining a third-party to conduct an independent investigation.
Mining Weekly 09/28/2020 02:30
New Zealand Prime Minister Jacinda Ardern said on Monday that she will negotiate to extend the operations of Rio Tinto's aluminum smelter in the country by 3-5 years if she is returned to power in the October 17 election. New Zealand Aluminum Smelter's (NZAS) planned closure is a hot election topic as it puts thousands of jobs at risk, and would hit the bottom line of top power producers, at a time when the country is reeling from the economic impact of coronavirus. The world's biggest iron ore miner has said it was closing the plant by August 2021 due to high costs and a challenging market. "We are seeking to extend the life of the smelter between 3 to 5 years...,"
Mining Weekly 09/25/2020 10:12
At Glencore’s Raglan Mine in Canada, a closed loop, microgrid system converts excess wind power to hydrogen, which is then stored in tanks. A fuel cell produces electricity from the stored green hydrogen during low wind power period, and within the facility are also innovations such as a battery energy storage system with flywheel generation and a Hatch microgrid controller on the mix.
Mining Weekly 09/25/2020 08:43
Zambia will remove import duty on copper ores and concentrates to encourage local processing, Finance Minister Bwalya Ng’andu said in a Budget speech delivered in Parliament on Friday. Africa's second largest copper producer saw its export earnings from the metal in the first half of the year fall 14.8% to $2.3-billion due to a drop in prices, he added.
Mining Weekly 09/25/2020 06:12
London-listed Atalaya Mining has started the permitting process to develop a 50 MW solar plant at its Proyecto Riotinto copper mine mine, in Spain. Technical studies have indicated that, in addition to making a significant contribution to reduce carbon emissions, the solar project is economically viable and could potentially contribute to reducing Proyecto Riotinto's operating costs, Atalaya Mining has said.

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