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Image of Northam’s Booysendal complex progresses with expansion plans Northam’s Booysendal complex progresses with expansion plans Has Video
Published: 22 Sep 21
Platinum group metals miner Northam is expanding its ore handling systems to cater for increased volumes coming from its north, central and currently-under-construction south mines, at its Booysendal complex.
Telkom to list mast and towers unit
Published: 22 Sep 21
Telecommunications group Telkom is pursuing a separate listing of its masts and towers business, Swiftnet, on the Johannesburg Stock Exchange. A final determination on the listing of the Telkom subsidiary, which is under management by Gyro, will be made by the end of the financial year.
Chile court gives BHP's Cerro Colorado copper mine 90-day water pumping reprieve
Published: 22 Sep 21
A Chilean court handed a reprieve to BHP's Cerro Colorado copper mine on Tuesday, agreeing to suspend a ban on it pumping water from an aquifer for 90 days as it prepares a fresh operational continuity plan. After complaints by locals over the relatively small copper mine's impact on natural resources, the same First Environmental Court in July ruled that the operation must start again from scratch on seeking permits to operate. In August, the court ordered "precautionary measures" that include ceasing groundwater extraction for 90 days from an aquifer near the mine, a ruling the company appealed.
Nersa approves Karpowership generation licences
Published: 22 Sep 21
The National Energy Regulator of South Africa (Nersa) has approved three generation licences for floating powership provider Karpowership. The decision was taken at a special meeting of the energy regulator on Tuesday afternoon. The regulator approved generation licences for Karpowership at Saldanha Bay, Coega and Richards Bay.
Peru seeks to redraft legal framework for mining industry, Minister says
Published: 22 Sep 21
Peru's Energy and Mines Minister said on Tuesday the government wants to revise the framework for the country's mining industry, redrafting the umbrella law that regulates the sector, as well as the legislation that sets royalty payments. Peru is the world's No. 2 copper producer. Leftist President Pedro Castillo wants to raise taxes on mining companies to fund social programs, but has offered few details since assuming office in July. Shares of Peruvian miners have fallen on the perceived risk of those changes.
Suvo reports maiden resource at Trawalla
Published: 22 Sep 21
Junior Suvo Strategic Minerals has reported a maiden mineral resource estimate for its Trawalla kaolin project, in Victoria. The project has been estimated to host some 9.9-million tonnes of indicated and 2.8-million tonnes of inferred mineral resource of kaolinised granite, which would yield some 3.5-million tonnes of bright white kaolin.
Low iron-ore prices suspend GRW production
Published: 22 Sep 21
Junior GWR has suspended mining operations at its C4 iron-ore mine, in Western Australia, for a period of 30 days as it reviews costs and iron-ore pricing. The ASX-listed company said on Wednesday that the mine will be left in a production-ready state to take advantage of a recovery in iron-ore prices, with a total of 172 500 t of ore either on the run-of-mine pad or crushed and stockpiled, ready for transport.
FID for West Musgrave planned for 2022 - Oz Minerals
Published: 22 Sep 21
Copper/gold miner Oz Minerals was expecting to take a final investment decision on its West Musgrave copper/nickel project, in Western Australia, by the second half of next year, pending progress on value uplift options. The ASX-listed company is considering further uplift opportunities to leverage the global focus on the acceleration towards a low-carbon economy, with CEO Andrew Cole saying the project could contribute to sustainable mining as a low-emissions opencut mine, producing minerals essential to a low-carbon economy.
Hillgrove raises cash for Kanmantoo
Published: 22 Sep 21
Copper developer Hillgrove Resources will raise A$10-million in a share placement to accelerate exploration and development work at its Kanmantoo project, in South Australia. The company on Wednesday reported that it would issue some 192.3-million fully paid ordinary shares at a price of 5.2c each to institutional and sophisticated investors under its existing placement capacity.
Image shows copper from a smelter Sandfire study for expanded Motheo proves positive
Published: 22 Sep 21
Copper miner Sandfire Resources on Wednesday announced that it would advance plans to increase the size of its Motheo copper project, in Botswana, from 3.2-million tonnes a year to 5.2-million tonnes a year, after declaring a maiden ore reserve for the satellite A4 deposit, along with a prefeasibility study (PFS) for the expansion case. The miner earlier flagged the likelihood of starting the Motheo operation at an expanded capacity, with the project expected to produce between 55 000 t/y and 60 000 t/y of copper.
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