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Water pollution, traceability, exploration fund make headlines

Published: 07 Jun 24

Mining Weekly Editor Martin Creamer discusses the role that Platinum Group Metal can play against water pollution; traceability in the mining sector and Petra Diamonds progress in this area; and the R400-million junior mining exploration fund.

Reflecting on Marokane's first 100 days as Eskom CEO

Published: 07 Jun 24

Engineering News editor Terence Creamer reflects on Dan Marokane's first 100 days in office as Eskom CEO and the direction Eskom is taking under his leadership.

DWS postpones Lower Sundays Canal rehabilitation

Published: 07 Jun 24

The Department of Water and Sanitation (DWS) has postponed the emergency rehabilitation on parts of the Lower Sundays River Canal, in the Eastern Cape, in the aftermath of flooding events. The department had planned to close sections of the canal, which forms part of the Lower Sunday’s Government Water Scheme, for a three-month period from June 10 until August 15 for the urgent rehabilitation work.

Israel risks losing Colombian coal supplies over Gaza war

Published: 07 Jun 24

Colombia’s trade ministry is calling for a restriction on coal sales to Israel in the latest bid to isolate the Jewish state as the death toll rises in its Gaza campaign. The ministry made the recommendation to “limit” shipments of the fuel to a committee that rules on tariffs and foreign trade, according to an internal document seen by Bloomberg and a person with direct knowledge of the matter.

Newmont CEO says divestment of non-core assets progressing well

Published: 07 Jun 24

Newmont CEO Tom Palmer said on Thursday the gold miner's plans to divest eight non-core assets and trim its workforce to cut debt following its $17.14-billion purchase of Newcrest were progressing well. "(We are) quite excited about the level of interest in each of those assets," Palmer told reporters in Melbourne.

Aguia outlines reopening plans for Colombia's Santa Barbara mine

Published: 07 Jun 24

ASX-listed Aguia Resources has announced a comprehensive work programme for the reopening of the high-grade Santa Barbara gold mine, in Colombia. This update follows Aguia's successful takeover of Andean Mining, the 100% owner of Santa Barbara.

Kingsgate marks first gold pour at refurbished Chatree plant

Published: 07 Jun 24

Gold miner Kingsgate Consolidated has announced its first gold pour at the newly refurbished Plant #1 at the Chatree mine, in Thailand. The company reported on Friday that the first four doré bars were successfully poured, with both the elution circuit and the refurbished gold room operating smoothly.

New copper fund revives controversial product

Published: 07 Jun 24

Sprott has launched a $100-million fund that will buy and hold physical copper, marking a comeback for a class of investment product that has in the past been highly controversial among investors and regulators. The new Sprott Physical Copper Trust started trading on the Toronto Stock Exchange on Thursday. Sprott, which already has successful funds backed by physical gold, silver, platinum, palladium and uranium, said in a prospectus that it would be “the world’s first physical copper fund.”

Brazil seeks $20.7bn from Vale, BHP over 2015 dam collapse

Published: 07 Jun 24

Brazil's government presented on Thursday a counteroffer requesting that miners Vale and BHP and their joint venture Samarco pay 109-billion reais ($20.74-billion) as reparations for a tailings dam collapse in 2015. The proposal is higher than a previous offer from the miners to pay the federal and local governments 72-billion reais to settle reparations for the disaster in the town of Mariana, Minas Gerais state.

Canada's oil sands CEOs push back against proposed oil and gas emissions cap

Published: 07 Jun 24

Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told lawmakers in Ottawa on Thursday. Executives from Suncor Energy, Imperial Oil, Cenovus Energy, Enbridge and Shell appeared via videolink before a House of Commons committee to answer questions on their efforts to cut emissions.