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Mining Weekly 10/01/2020 11:01
Multi-asset, Africa-focused energy company Kibo Energy has proceeded with several steps to progress ongoing negotiations regarding a power purchase agreement (PPA) with Baobab Resources to supply about 200 MW of energy to Baobab’s Tete steel and vanadium project, in Mozambique. The Baobab power project, together with Kibo Energy’s Benga power plant project (BPPP), is being developed to produce about 350 MW to 400 MW of baseload electricity.
Mining Weekly 10/01/2020 09:00
RWE has received 45 bids for one of its giant bucket-wheel excavators used in mining that it put up for sale in an online auction earlier this year, Germany's largest power producer has said. The 3 500-tonne "Bagger 275" is the smallest of RWE's 22-strong excavator fleet and has a capacity of 60 000 cubic metres per day - enough to fill 24 Olympic-size swimming pools.
Mining Weekly 10/01/2020 08:30
Aim-listed Anglesey Mining has started a preliminary economic assessment (PEA) for its Parys Mountain base and precious metals project, in north Wales, targeting a longer mine life beyond those indicated previously. The PEA follows from the optimisation studies recently completed by QME Mining Technical Services (QME), which highlighted up to ten-million tonnes of potentially mineable material available at Parys Mountain, which is significantly larger than the 2.1-million tonnes of indicated resource that was used in the 20117 scoping study.
Mining Weekly 10/01/2020 05:32
The Australian state of Queensland has agreed to defer royalty payments for Adani Enterprise's Carmichael thermal coal mine, the state's treasurer said on Thursday. The royalty deferment comes ahead of a Queensland state election set for October 31 and with the current Labor state government set to enter a so-called caretaker period on October 5, when no major decisions are typically announced prior to the vote.
Mining Weekly 10/01/2020 04:02
The prefeasibility study (PFS) for the Alpala project, in the Cascabel concession in northern Ecuador, has been delayed, LSE- and TSX-listed SolGold reported on Wednesday. The company planned to deliver the PFS at the end of the third quarter, but Covid-19-related restrictions have limited physical access to the site, which resulted in geotechnical data not being available to meet the study schedule originally contemplated.
Mining Weekly 10/01/2020 03:38
Uranium developer Boss Resources will raise A$15-million in a share placement to fund ongoing technical process optimisation studies and exploration at the Honeymoon project, in South Australia. The single tranche share placement will consist of some 225-million shares, priced at 6.7c a share, with Boss having received form commitments from institutional and sophisticated investors.
Mining Weekly 09/30/2020 10:37
Mining Weekly on Wednesday watched a cabinless emission-free next-generation mining vehicle autonomously load, haul and dump in an underground mine, without a human in sight. The cabinless design emphasises the extent to which human operation is becoming a thing of the past and the emission-free electric power highlights the urgent need for underground mining to clean up its act. (Also watch attached Creamer Media video.)
Mining Weekly 09/30/2020 10:31
As rotary blasthole drill technology continues to advance, Sandvik’s iSeries family of intelligent drills continues to grow to meet evolving customer demands – as can be seen with the Sandvik DR410i drill rig. Considered a “compact, powerful, technologically advanced rig designed to produce the lowest-cost clean hole”, the DR410i assists mining operations to enhance productivity, while reducing the total cost of ownership in coal, copper and gold mines.
Mining Weekly 09/30/2020 10:07
Despite the adverse impact of Covid-19 and the related lockdown in South Africa, coal miner MC Mining narrowed its loss for the financial year ended June 30. Acting CEO Brenda Berlin noted on September 30 that the company had made considerable progress on its strategy prior to the lockdown. This included the conclusion of a new R245-million term-loan facility from the Industrial Development Corporation (IDC), the initial step in the composite debt and equity funding package for the construction of Phase 1 of the Makhado hard coking coal project.
Mining Weekly 09/30/2020 09:30
The World Platinum Investment Council (WPIC) says developments in aviation – and across other modes of transport - are accelerating the adoption of hydrogen as a mainstream, sustainable fuel source. The council notes that aerospace company Airbus is not alone in believing that hydrogen propulsion offers enormous promise as an alternative to hydrocarbon fuels in an industry that has committed to halving emissions by 2050, relative to 2005 levels.
Mining Weekly 09/30/2020 09:00
Shandong Gold Mining said on Wednesday it would buy Hengxing Gold Holding in an all-stock deal worth around HK$3-billion ($387-million) that gives it control of the Gold Mountain mine in China's Xinjiang region. The purchase continues a prolific acquisition spree for state-run Shandong Gold in a year that has seen it agree to pay a sweetened A$565.6-million ($403-million) for Ghana-focused Cardinal Resources and C$230-million ($172-million) for Canada's TMAC Resources. The Chinese miner will take Hong Kong-based Hengxing private after acquiring all the target's equity by issuing up to 159.48-million Hong Kong shares, or 3.68% of Shandong Gold's current share capital, according to a Shanghai Stock Exchange filing.
Mining Weekly 09/30/2020 06:31
Following the virtual grand opening of its Rock Drill Innovation Centre, in Finland, Swedish mining gear and metal-cutting tools maker Sandvik launched its RDX5 rock drill on September 30. The rock drill builds on the success of “the most dependable rock drill in the market”, the HLX5, and continues to provide improved reliability, reduces operating costs and has “exceptional” productivity, says Sandvik.

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