MiningWeekly.com Audio Articles

Creamer Media's Mining Weekly

MiningWeekly.com provides real time news reportage through originated written & video material. Now you can listen to the top three articles on Mining Weekly at the end of each day.

  1. HACE 24 MIN

    Emerging South African copper miner highlights loss-narrowing performance

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. Emerging South African mining company Copper 360, which operates in the Northern Cape's Okiep copper district, on Tuesday, May 26 alerted its shareholders to its loss-narrowing financial performance in the 12 months to February 28. The reduction in the basic loss per share is expected to be 36% to 43%, the Johannesburg Stock Exchange AltX-listed Copper 360 reported, ahead of the publication of its consolidated annual results. The improvement in its financial performance, Copper 360 reported, was largely the result of the prior year's inclusion of a non-recurring R113-million solvent extraction plant impairment. Moreover, the improvement was achieved despite a R33.8-million rights offer loss. Interestingly, the Stock Exchange News Service announcement follows an operational restructuring that opens the way for Copper 360's Rietberg copper mine to feed higher-grade underground ore into the company's Nababeep processing facility, something which used to take place as long ago as the 1970s but which was stopped in 1981 because of other deposits being closer and thus more economical. Then, in August 2024, Copper 360's relook at production from Rietberg took place under the leadership of former CEO Jan Nelson, now deceased, resulting in the first on-ore blast at Rietberg taking place on January 31, 2025, which marked the restart of structured hard-rock mining to uplift operational economics and long-term sustainability. Against the backdrop of Copper 360's multi-mine model embracing 12 previously operating mines and something like 60 identified copper prospects and mineralisations, Rietberg is now expected to lay a foundation for long-term profitability and value creation. Copper 360's dozen opencast and underground mines, which are within 13 km of one another, span more than 19 000 ha. In addition to Rietberg, these include Jubilee, Homeep, Klondike, Wheal Julia North, Whyte's West, Koeëlkop, Hoogkraal and Waaihoek. While the mines are geographically close, they differ in size, ore grade, stage of development, and operational status, with the multi-mine model offering a form of risk lowering that diversification normally provides. When Copper 360 listed in 2023, it reported having a resource of two-million tonnes of copper worth R560-billion, with the 25 000 t at Rietberg valued at R1.4-billion. Former mining majors that mined in the area in the old days included Gold Fields of South Africa and Newmont of North America.

    3 min
  2. HACE 11 H

    China's weak steel output, strong iron-ore imports show structural shift

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. The contrast between China's weak steel production but robust iron-ore imports is continuing and is starting to look like a structural shift rather than a temporary dislocation. China, which produces just over half of the world's steel, recorded output of 86.63-million tons in April, down 2.8% from the same month in 2025 and the weakest April figure since 2018. For the first four months of the year steel production was 331.12-million tons, a drop of 4.1% from the same period last year. However, iron-ore imports rose 8% in the first four months of the year to 418.6-million tons, according to official data. April imports of the key steel raw material were 103.9-million tons, down 0.8% from March's 104.74-million but actually slightly higher on a per-day basis given April had one day less than March. May imports are expected to stay relatively strong, with analysts at DBX Commodities estimating seaborne arrivals of 104.67-million tons. Explaining the lacklustre steel production is relatively straightforward given the ongoing weakness in property construction and declining exports, with shipments dropping 9% in April from the same month last year to 9.5-million tons. For the first four months of 2026, steel exports slid 9.7% to 34.2-million tons. The strength in iron ore imports can be put down to both temporary and structural factors. INVENTORIES BUILD The main temporary factor is the rebuilding of inventories, with port stockpiles monitored by consultants SteelHome holding near record highs. Inventories were 160.35-million tons in the week to May 22, up a touch from the prior week's 160.34-million and still close to the record high of 165.67-million reached in the week to March 20. Inventories typically build toward the end of each year, peaking early in the new year before declining toward the middle of the year as steel production ramps up to meet construction demand. Since the 2025 low of 131.05-million tons in late July, stockpiles have gained 22%. The question for the market is whether inventories will exhibit their normal seasonal pattern and draw down heading into the northern summer, or whether soft steel output will keep them elevated compared to prior years. The Iran war and the subsequent threat to fuel supplies in Asia from the ongoing effective closure of the Strait of Hormuz may also have encouraged Chinese steel mills and traders to import more iron-ore on the view that future supplies may be disrupted. A lack of volatility in iron ore prices may also boost import sentiment, with Singapore Exchange contracts locked in a narrow band anchored around $105/t for the past ten months. The front-month contract ended at $109.09/t on Monday. The longer-term factor driving iron ore imports is the gentle decline in China's domestic iron-ore output, which is exacerbated by weakening ore grades, which means that even the same volume of ore yields less iron content. China's iron-ore output was 326.8-million tons in the first four months of the year, down 1% on the same period last year, according to MySteel data. This follows a drop of 2.8% in 2025 to 983.- million tons from 1.04-billion in 2024. China's domestic iron-ore contains around 20% to 30% iron, meaning it has to be upgraded to match imported grades of 60% to 65%, a process that is costly and energy-intensive. It's likely that China's domestic iron-ore will continue to decline, meaning that imports will make up a larger share, assuming steel output remains largely steady.

    4 min
  3. HACE 1 DÍA

    Platinum’s the gift that just keeps on giving as global value-chain prospects resurface

    Platinum's the gift that just keeps on giving as global value-chain prospects resurface This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. Platinum-based equipment is critical for producing large, flawless crystals for electronics and optics applications, says the World Platinum Investment Council (WPIC) in its 60 Seconds feature. Crystals are central to technologies in everyday use and platinum plays a key role in their production, WPIC reports. Hosted overwhelmingly by South Africa, platinum and platinum group metals (PGMs) are already doing their bit in automotive and energy, medical and healthcare, industrial and chemical manufacturing, electronics and everyday life, which embraces making cars safer, treating cancer, and even maintaining personal hygiene, keeping people warm and food fresh. In 2012, South Africa's late mining industry doyen, Brian Gilbertson, highlighted that South Africa's platinum endowment provided an opportunity for international value-chain collaboration, a prospect which is now presenting itself again at a time of growing demand from particularly East Asia. This followed former Anglo American CEO Cynthia Carroll in 2011 telling the United Nations climate change convention's seventeenth Conference of the Parties in Durban that using platinum group metals (PGMs) to generate clean hydrogen power would sustain hundreds of thousands of South African jobs and simultaneously provide zero-emission electricity. With the current global fuel disruption and reviving interest in a cleaner molecular fuel alternative, the Gilbertson and Carroll contentions are resurfacing against a background of East Asia and also Europe re-emerging as candidates for green value-chain collaboration. On top of all this, platinum remains the gift that just keeps on giving, with platinum playing the key role in the industrially-grown crystals that WPIC is talking about finding their way into smartphones, computers, light-emitting diode lighting, medical imaging equipment, advanced sensors. During crystal growth, it is platinum's strength at extreme temperature that enables the crucibles to hold and shape molten materials. What is also crucial is that the platinum helps the crystal to achieve the ultra-high purity that its end applications demand, with the crystal structures giving materials essential predictable electrical, optical and mechanical properties. Crucibles are not the only platinum products used in crystal growing. Often the hydraulic stylus that manipulates the seed crystal is comprised of platinum, as are the protective baffles used to limit the outward radiation of heat. These components are engineered from semi-finished platinum components such as wires, ribbons, and sheets. Currently, other platinum group metals, including iridium and rhodium, can be alloyed with platinum to improve strength and lifetime under extreme conditions. The link between platinum and crystal growth is not new. Platinum crucibles became essential laboratory and production tools as early industrial crystal growing techniques emerged in the late 19th and early 20th centuries. This took place alongside the development of electric lighting, optics and early electronics. As crystal sizes increased and industrial demand grew, platinum's role expanded with it. "We manufacture platinum labware, including crucibles, dishes and beakers, to provide maximum service life, with the bases being thicker than the walls. The capacities and shapes available meet most laboratory requirements, and we can custom make anything you require. Most of the laboratory crucibles and dishes are made from 99.7% platinum with small additions of iridium and rhodium," Johnson Matthey states on its website. This long-established PGMs company also offers iridium crucibles for crystal growth and g...

    5 min
  4. HACE 1 DÍA

    Haranga publishes better-than-expected maiden MRE for Lincoln in US

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. ASX-listed Haranga Resources has declared a maiden mineral resource estimate (MRE) of 2.46-million tonnes grading 5.1 g/t gold, for 402 000 contained ounces, at the Lincoln gold project, in California's Mother Lode Belt, in the US. The project is supported by a modern underground decline, mining permits and a processing plant that operated as recently as 2022. The maiden resource contains 40% more ounces compared to the historical noncompliant foreign estimate on the project, which now positions Haranga among the highest grade Australia-listed gold developers. The company explains the String Bean Alley underground decline at Lincoln provides immediate access to high-grade gold resources at the Lincoln-Comet orebody, which is estimated to contain 275 000 oz of gold. This should support a fast-tracked development programme for Haranga. The balance of the Lincoln MRE comprises 127 000 oz of contained gold at the Medean deposit. Haranga is undertaking rapid restart studies to assess the key workstreams required to support near-term production, including mining, processing and tailings management. Additionally, the company explains, its mineral rights area of about six kilometres within the historic, prolific Mother Lode Belt provides multiple pathways to build a high-grade and multimillion-ounce gold inventory. For one, the company is working to convert the MRE of South Spring Hill to a Joint Ore Reserves Committee- (Jorc-) compliant resource. Haranga points out that World War Two led to many mines and exploration projects ceasing operations, leaving behind significant known gold resources within historical shafts. Chairperson Michael Davy says delivery of the maiden Jorc-compliant MRE on Lincoln is a "watershed" moment for Haranga and marks the successful completion of the first major technical objective the company set when it first acquired the project ten months ago. "Since that time, we have transformed Lincoln into a Jorc-compliant, high-grade gold development opportunity supported by dewatered underground access, established underground services, surface processing infrastructure and key permits that are in place," he states. Davy further explains that the maiden Jorc resource already positions Lincoln as one of the highest-grade gold exploration and development opportunities in North America and on the ASX. However, Davy believes that the company has only just begun to scratch the surface of the project's true potential. "Following the delivery of the maiden MRE, we are now focused on reaching multimillion-ounce scale, for which we have already identified multiple opportunities. "The work completed to date will serve as a reliable platform from which we can accelerate the next phase of resource growth. "We remain focused on unlocking the full potential of our dominant position within the Mother Lode Gold Belt and I look forward to updating shareholders as our planned growth initiatives and development workstreams advance."

    3 min
  5. HACE 4 DÍAS

    Capital raised to turn South African copper projects into mining operations

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. More than R180-million has been raised to transition key copper projects in South Africa's endowed Northern Cape into operations as early as in the second quarter of this year. The strongly supported capital raise is described as being pivotal by Tony Lennox, the CEO of ASX- and JSE-listed mining development company Orion Minerals, which is reviving the Prieska Copper Zinc Mine, near Copperton, which produced 430 000 t of copper and a million tons of zinc from volcanogenic massive sulphide (VMS) base metal deposits when operated from 1971 to 1991 by Anglovaal. "In particular, we received strong support from South African investors via the JSE – which reflects Orion's growing visibility and status in South Africa as an important new copper producer at a key time in the global metals cycle. In addition to continued support from long-standing shareholders, we also attracted several new investors onto the register," Lennox added in the media release to Mining Weekly. The quantum of the raising puts Orion in a position to begin developing the Uppers Mine at the Prieska Copper Zinc Mine as soon as the financing transaction with Glencore is completed. Linked to the sale of bulk copper and zinc concentrates, the Prieska mine has secured a binding prepayment agreement with a wholly owned subsidiary of Glencore for a $250-million facility. South African Reserve Bank approval is expected in the coming weeks. Also funded will be optimisation studies, ongoing site works and resource extension drilling at Orion's Okiep Copper Project, also in the Northern Cape, where the latest drilling has provided a clear path to scale up at Flat Mine East, where an extension hole is already proceeding down dip as a follow-on. The latest capital raising, conducted by way of a placement, involves the issue of 698-million ordinary shares at an issue price of 26c a share. The permitted Prieska mine has a compliant resource of 31-million tonnes at 1.2% copper and 3.6% zinc. A definitive feasibility study published last year has confirmed the potential to develop a mining operation through a two-phase development strategy aimed at derisking the development pathway and fast-tracking value-creation from a safe, modern, long-life, mechanised, underground base metal mine. Yearly steady-state production of 22 000 t of copper and 65 000 t of zinc is expected The initial Upper phase is based on mining near-surface supergene sulphide ore, which is accessible from an existing decline. The Deeps phase will start after the completion of mine dewatering, refurbishment of the main shaft and construction of the mining infrastructure. The Deeps has an 11-year mine life and will overlap with the past 2.2 years of the Upper mining, providing a combined mine life of 13.2 years. Orion sees the potential to define a new VMS opportunity in the area surrounding the mine's deposit, with near-mine exploration programmes delivering a series of compelling new targets. VMS deposits, which generally occur in clusters, often comprise additional medium-sized deposits and even more smaller deposits. Orion could in future use modern geophysics and the latest geological advances to see if there are additional VMS deposits nearby. Interestingly, through Xplor, mining major BHP and Orion have partnered to look at older geology in new ways. As part of the programme, a number of Orion's South African exploration project companies will receive an aggregate equity-free grant of $500 000, access to BHP's technical specialists, and structured support to advance geological concepts in the Northern Cape, with deeper copper-centric metal systems being intensively probed. Xplor is providing the chance to apply new tools and better data.

    4 min
  6. HACE 4 DÍAS

    Greenland Mines fast-tracks updated study on newly acquired Sarfartoq rare earths project

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. Nasdaq-listed Greenland Mines has signed a definitive agreement with TSX-listed Neo Performance Materials to acquire full ownership of the Sarfartoq rare earths project in south-west Greenland for $35-million. The transaction establishes a highly strategic, Western-aligned critical minerals platform. The project hosts 35-million kilogrammes of combined neodymium and praseodymium. With the total oxides recoverable from the project comprising between 25% and 40% of these elements, it ranks among the highest neodymium and praseodymium resources globally. Neo remains a strategic shareholder in the project through locked-in rights for up to 60% of future production from Sarfatoq, for use in its European magnet platform. Greenland Mines also owns the Skaergaard asset, which, combined with Sarfartoq, creates the potential for a critical minerals hub that is outside of China and close to the US. Skaergaard offers exposure to palladium, gold and platinum, with potential by-products including vanadium, gallium, iron-ore and titanium. Greenland Mines plans to fast-track an updated technical and economic study on Sarfartoq, built on more than 23 000 m of drill results and the existing mineral resource estimate. The company aims to update the pricing assumptions in particular, given that rare-earth prices are two times higher then when the prior 2011 preliminary economic assessment was undertaken on Sarfartoq. The consideration for the project will be paid in the form of $20-million in cash and $15-million in newly issued Greenland Mines shares. "We wish Greenland Mines every success as they advance this project, while we maintain our commitment as an offtake partner and shareholder. This agreement reflects our disciplined approach to capital allocation and reinforces Neo's strategic identity as a midstream and downstream advanced materials company, where we create the most value for our customers and shareholders," comments Neo CEO and president Rahim Suleman. Greenland Mines president Bo Møller Stensgaard concludes that Sarfartoq is a transformational addition to Greenland Mines' North Atlantic strategy. "It will give investors exposure to two large-scale Greenland critical minerals projects and bring Neo Performance Materials on board as an offtake partner — connecting an upstream Greenlandic source of neodymium and praseodymium feedstock to Neo's midstream and downstream magnet platform. "We have great respect for the extensive technical work already completed on Sarfartoq and look forward to rapidly building on that foundation."

    3 min
  7. HACE 5 DÍAS

    Gold mining on City of Gold's doorstep wins broader bank support

    This audio is brought to you by Endress and Hauser, a global leader in process and laboratory measurement technology, offering a broad portfolio of instruments, solutions and services for industrial process measurement and automation. A binding term sheet for a senior loan facility of up to a R875-million has been secured by West Wits Mining, which is reviving gold mining on the very doorstep of the City of Gold. The new loan facility, to be provided by South Africa's Absa and Nedbank Corporate and Investment Banking (CIB), replaces the funding arrangement with South Africa's State-owned Industrial Development Corporation (IDC) and Absa, which was announced in June last year. The new arrangement is described as having enhanced flexibility and broader banking support for West Wits' growth strategy while also funding the production ramp-up and development of Qala Shallows, the underground gold mine project located in the historic Witwatersrand basin, 15 km west of Johannesburg. With its access to a broader range of banking products and services, the new facility is expected to better support West Wits' development timeline and strategic growth objectives. Drawdown is until 30 June 2028 and final maturity on 30 June 2031. Hybrid hedging is taking the form of half of the gold sales during the construction period being executed through a put option programme to ensure the project maintains exposure to gold price upside. Qala is the first new underground gold mine to be built in South Africa in 15 years and is designed to produce 70 000 oz/y of gold over a 17-year lifespan. But Qala means 'beginning' in Zulu, which points to this being just the start, and steps are already being taken to expand production to 200 000 oz/y. Moreover, Shallows reflects Qala's relative 800-m shallowness, which has lower cost connotations. In a joint statement, Absa and Nedbank CIB described the Qala Shallows gold project as a development that would drive local job creation, economic growth, and sustainable mining in the Witwatersrand basin, the largest and most prolific gold deposit in human history. Discovered in 1886, the ancient basin spanning 300 km by 160 km has yielded more than 1.5-billion ounces of gold in the past 140 years. "This facility reflects our continued commitment to enabling impactful, long-term investments in South Africa's resources industry," the banks stated in the media release to Mining Weekly. "The execution of this binding term sheet represents another important step forward for West Wits as we continue to advance the Qala Shallows project," West Wits CEO Rudi Deysel stated. While expressing pleasure to be working with Absa and Nedbank CIB, Deysel also acknowledged the IDC for its constructive engagement with the company, which is chaired by Michael Quinert, who pointed out on March 17, when the first gold pour from his new virgin rock Qala Shallows gold mine took place at Sibanye-Stillwater's Ezulwini gold processing plant, that many more "great" opportunities exist in South Africa for gold mine development. A pretax net present value, at a 7.5% discount rate, of $719-million and an internal rate of return of 93% is reported in the updated 2025 definitive feasibility study (DFS). Peak funding is estimated at $44-million over a 2.6-year period, a reduction from $54-million over three years in the 2023 DFS. Average steady-state production is at an estimated all-in sustaining cost of $1 181/oz. Kimberley reefs K9A and K9B are the reefs that will be processed during the life of the project. The compliant mineral reserves are estimated at 4.6-million tonnes grading at 2.60 g/t for 383 934 oz of gold. The total mineral resources for the K9A reef are estimated at 8.1-million tonnes grading at 4.8 g/t gold for 1.2-million ounces of gold, and 10.5-million tonnes at 4.5 g/t gold for 1.5-million ounces of gold for the K9B reef. Use of conventional breast mining is in a configuration considered optimal for the Qala Shallows deposit. T...

    5 min

Acerca de

MiningWeekly.com provides real time news reportage through originated written & video material. Now you can listen to the top three articles on Mining Weekly at the end of each day.

También te podría interesar