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Barrick board visits Nevada Gold Mines to view growth plans
Published: 04 Aug 22
Three years after the formation of the joint venture that created the world’s biggest gold mining complex, Nevada Gold Mines (NGM) is stepping out on its next growth phase by identifying new opportunities for discoveries and additions, Barrick president and chief executive Mark Bristow said on Wednesday. NGM is 61.5% owned and operated by Barrick Gold with Newmont owning the rest.
China to deepen Africa ties over next decade with focus on trade
Published: 04 Aug 22
China will deepen its ties with Africa over the next decade by focusing on trade and is unlikely to be dislodged by US and European Union attempts to re-engage with the continent, the Economist Intelligence Unit said. The Asian country is likely to keep investing in Africa’s natural resources and may look to the continent as a source of food, boosting its expenditure on agriculture, the EIU said in a report released Thursday. Asia may see Africa’s youthful population as a source of labor for its manufacturing companies and as a market for its consumer goods, the research organization said.
Botswana Diamonds ready to progress mine plan in South Africa
Published: 04 Aug 22
BSE- and Aim-listed Botswana Diamonds has discovered two new blows at its Thorny River diamond project in South Africa, which will increase the mineable kimberlite. The mine plan is now being finalised and the mining permit application being prepared.
Science, Innovation dept envisions a solid hydrogen economy by 2050
Published: 04 Aug 22
South Africa’s Department of Science and Innovation (DSI) views hydrogen as a key enabler of decarbonisation, particularly in the transport sector – heavy-duty trucking, shipping, aviation, and rail – and in major polluting industries such as steel, cement and chemicals manufacturing, as well as mining. The DSI is working on multiple catalytic projects in the green hydrogen space, with the aim of starting small-scale electrolysis manufacturing and at least 1 MW of green hydrogen production piloted before 2024.
Codelco reports accident at mine where worker died last month
Published: 04 Aug 22
Top global copper producer Codelco reported an accident at its Chuquicamata mine on Wednesday, weeks after a mishap killed a worker there and drew scrutiny to the Chilean state company's safety practices. Although no one was hurt in Wednesday's "operational incident," Codelco said it had launched an investigation to determine the cause. Production had not been halted.
Wind turbines DMRE confirms Sept 22 as new deadline for submission of BW6 bids
Published: 04 Aug 22
The Department of Mineral Resources and Energy (DMRE) has confirmed September 22 as the new bid submission deadline for Bid Window Six (BW6) of the Renewable Energy Independent Power Producer Procurement Programme following its expansion from 2 600 MW to 5 200 MW. Prior to the doubling of the size of the round as part of a package of interventions announced by President Cyril Ramaphosa on July 25, the BW6 closing date had been set as 17:00 on August 11.
Mexico President Andres Manuel Lopez Obrador Ten Mexican miners remain trapped in coal mine after three rescued
Published: 04 Aug 22
 Rescuers in Mexico, including dozens of soldiers, were working desperately on Wednesday to reach ten miners trapped in a flooded coal mine following the collapse of an inner wall, the ministry handling the disaster said. Three miners had been rescued and hospitalized, the Security and Citizen Protection Ministry said in an update on the rescue efforts at the mine in the Sabinas municipality of the northern state of Coahuila.
Cobre raises cash for Botswana exploration
Published: 04 Aug 22
ASX-listed junior Cobre has completed a A$7-million capital raise to fund exploration work in Botswana. The share placement, which was priced at 15c a share, was undertaken in two tranches with the first tranche, consisting of more than 20.3-million shares, placed under the company’s existing placement capacity.
Image shows the Newcrest loco Underground mining paused at Cadia
Published: 04 Aug 22
Gold miner Newcrest Mining on Thursday announced precautionary measures at its Cadia operation, in New South Wales, but said that it would not impact production. The company told shareholders that activities were under way to remediate instability identified in a ventilation rise at the Cadia mine, but that all surface activities remained operational.
West Wits revises economics at Qala Shallows
Published: 04 Aug 22
A revised definitive feasibility study (DFS) into the Qala Shallows deposit, at the Witwatersrand Basin gold project, in South Africa, has resulted in reduced all-in sustaining costs (AISC) and higher returns. “We took the opportunity to revisit the 2021 DFS comes at a time when we have established our underground access which has de-risked the project considerably. The revised DFS shows that even with recent inflation and increased costs, especially diesel, the optimisation of the mine plan still yielded positive results and confirms our view of having a long-term robust project,” West Wits MD Jac van Heerden said.
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