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Continuous investment in R&D the fastest route from drill bit to dividend, says Osisko CEO

“The permitting process is arduous, it’s often unclear which levels of government will participate, and multiply that by Canada’s general acceptance of interference from foreign nongovernmental agencies (NGOs) against mineral development projects, and it quickly becomes clear that Canada is somewhat in retreat in terms of exploration,” Roosen says in an interview. “It appears to […]

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Scientists find new way to calculate diamonds’ age more accurately

In their paper, which was published in the journal Nature Communications, the experts explain that even though gem-quality diamonds are nearly pure lattices of carbon and carry very little information about their ages and origins, lower-grade specimens harbour imperfections in the form of tiny pockets of liquid, which are remnants of the more complex fluids […]

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Seriti to park minerals diversification strategy as it focuses on fixing SAEC

Mike Teke, CEO, Seriti Resources SERITI Resources has iced plans to diversify its asset base as it had “its work cut out” restructuring the 28 million tons (Mt) a year coal business it will acquire from South32 on June 1 – about 20 months after the deal was first announced. “The business has lost its […]

Centerra Gold to launch arbitration against Kyrgyzstan over Kumtor mine rlzQGQ

Centerra Gold to launch arbitration against Kyrgyzstan over Kumtor mine

A few days later, on May 9, 2021, a district court imposed a $3.1 billion fine on Kumtor Gold Company, which is Centerra’s local unit in charge of running its namesake operation and which was found to have breached environmental laws by placing waste rock on glaciers, according to private civil environmental claims. The Kyrgyz […]

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Eskom approves Duvha coal deal enabling South32 to complete SAEC sale to Seriti

Andre de Ruyter, CEO, Eskom ESKOM, the South African utility, has given its approval for an increase in the cost of coal from the Ifalethu coal mine to its Duvha power station – a development that will see the sale of South32’s majority stake in South African Energy Coal (SAEC) to Seriti Resources concluded on […]

Tesla may be partnering with EVE strengthening move toward LFP chemistries BKuBhv

Tesla may be partnering with EVE, strengthening move toward LFP chemistries

Even though LFP batteries offer a shorter range on a single charge than nickel/cobalt systems, they are making a comeback thanks to their safety, low cost, and the simplified battery pack design that they allow. This has been the case particularly in China, where new regulations require EVs to inhibit any fire or explosion within […]

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BEE investors, frustrated by lack of dividends, put Rio Tinto’s BEE at risk

Richards Bay Minerals, KwaZulu-Natal RIO Tinto Group’s South African operation is facing the loss of a large bloc of Black investors, a move that would leave it below the legal minimum for Black ownership, said Bloomberg News citing two people familiar with the situation said. The main investors in Blue Horison Investments Ltd., which holds […]

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Mali union calls five-day general strike next week over pay claim

The government has repeatedly said the budget cannot afford to meet the salary demands of the union. “The strike notice remains in force due to a lack of a agreement with the government,” UNTM chief Yacouba Katile said on Friday. It follows a similar strike in December, when a number of big international gold mining […]

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Canada’s mining sector top target market for FDI deals from Asia Pacific region

The number was driven by two major deals: an Australian company’s C$495 million purchase of the Red Lake Gold Mine complex and a Chinese firm’s C$323 million acquisition of Guyana Goldfields and Aranka Gold. The deals also place mining second overall in attracting Asia-Pacific FDI since 2003 with C$35.9 billion. That is behind only the […]

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Ethiopia revokes 27 inactive mining licences in cautionary move

It also send a clear message to companies holding permits in the country but not moving forward. Ethiopia, which has a mostly artisanal mining industry, is on a quest to woo foreign companies to start projects in the country, which is rich is potash, gold, tantalum, sapphires and construction minerals. Gold mining has seen a […]

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The Gun to America’s Head

Last week, a video from Iran showed the U.S. Capitol in flames. But have you ever wondered how the United States will actually end? Right now, the country faces a real, critical threat to its existence. The threat is growing – and fast. A year ago, you’d be forgiven for thinking it was COVID. However, that’s now […]

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Bushveld Minerals raises risk of undershooting vanadium production target for 2021

Fortune Mojapelo, CEO, Bushveld Minerals BUSHVELD Minerals said there was a risk of lower than guided vanadium production in its 2021 financial year following a combination of industrial action and a 35-day maintenance programme at its Vametco facilities in the North West province in the first quarter. The company had previously guided to vanadium production […]

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Chinese EV makers may be looking at western markets – report

“The Chinese government has announced clear plans to raise NEV sales to 20% of the automotive market by 2025, and 50% by 2035, and as time goes on, these look more and more achievable,” the document reads.  In addition to this, the analyst believes that the Asian giant may start to target international buyers in […]

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Mining majors are getting cheaper amid iron ore price rally

Vale, the world’s second-largest shipper of the steelmaking ingredient, has surged about 90% in six months. Yet, the stock is fetching less than five times estimated earnings, down from more than six at the start of the year. Midday Thursday, Vale’s stock was down 2% on the NYSE. The company has a $108 billion market […]

First large scale offshore wind project in the US gets greenlight I0mPH7

First large-scale, offshore wind project in the US gets greenlight

The project is expected to generate 30 gigawatts of energy from offshore wind by 2030, enough power for 400,000 homes and businesses. The Record of Decision issued this week grants Vineyard Wind final federal approval to install 84 or fewer turbines off Massachusetts The Record of Decision issued this week grants Vineyard Wind final federal […]

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Houndé cost escalation, lower gold price dent Endeavour Mining’s Q1 numbers

Houndé mine, Burkina Faso ENDEAVOUR Mining was on track to meet its 2021 production guidance of between 1.37 and 1.50 million ounces of gold, but its first quarter numbers declined owing to a quarter-on-quarter increase in its all-in sustaining costs (AISC), and a lower gold price. The outcome for the three months ended March was […]

BHP Vale Rio launch challenge to encourage haul truck electrification Nsbk9d

BHP, Vale, Rio launch challenge to encourage haul truck electrification

According to the challenge’s founding patrons, current stationary charging systems require substantial time to charge large trucks, which results in significant lost productivity. Thus, the mining industry needs multi-megawatt scale fast charging concepts capable of delivering around 400kWh to charge and propel a truck within the truck’s haul cycle, which includes load, travel, dump, return, […]

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“China is overproducing, we would expect to see some slowing down in H2” — Ferrexpo CEO

Chinese crude steel production has grown by 30% over the past five years. China’s commodity exchanges on Monday moved to raise trading limits and margin requirements for some iron ore contracts and reinstated fees on steel futures. “When you look at steel production in China, I’m not really sure what they are trying to achieve,” Swiss-based commodities […]

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Rio Tinto develops new atomised steel powder for 3D printing

“This is a new generation of steel powders designed for 3D printing at RTFT’s metallurgical complex, where we have over 50 years of experience in making steel and iron powders,” Rio Tinto Iron and Titanium managing director Stéphane Leblanc said in a media release. “Our new additive manufacturing steel powder grade, produced with the largest […]