Eastplats reports record revenue for 2023 financial year

JSE- and TSX-V-listed Eastern Platinum (Eastplats) has reported net income attributable to shareholders of $13.8-million for the 2023 financial year, compared with a loss of $900 000 for the 2022... 

Sibanye appoints Peter Hancock as nonexec director

Multinational mining and metals processing group Sibanye-Stillwater has appointed Peter Hancock as independent nonexecutive director, with effect from May 6. Hancock is a mining industry executive... 

Walkabout warns of short-term impact on Tanzania exports following cyclone

ASX-listed Walkabout Resources says its Lindi Jumbo graphite mine, in Tanzania, was only mildly impacted on by heavy rains and a brief power interruption as a result of cyclone Hidaya, which passed... 

Theta raises $10m

ASX-listed Theta Gold Mines, which owns gold assets in South Africa, has received a firm commitment from Hong Kong Ruihua Investment Management to invest $10-million in the company through a share... 

Hot Chili arranges nearly A$30m for Chile copper project

ASX-listed copper miner Hot Chili has arranged about A$30-million in funding to accelerate its Costa Fuego copper project, located in the coastal range of Chile. The company, which also trades on... 

Harmony reports second fatality in a week

A rock drill operator has died following a fall-of-ground incident at Harmony Gold Mining Company's Doornkop mine, in Gauteng, on May 2. “We are deeply saddened by this loss of one of our... 

Tirupati offers to meet with shareholders who sought the removal of three directors

Specialist graphite producer Tirupati Graphite says its directors have offered to meet with shareholders who have requested a general meeting be held to allow shareholders to vote on the removal of... 

O3 terminates option to acquire Aurbel mill

Exploration and development company O3 Mining has terminated its option with Eldorado Gold to acquire the Aurbel mill, which is located about 10 km from its Alpha property in Quebec. In 2022, O3... 

Canadian junior kicks off exploration programme in Bougainville

Island Passage Development Canada Limited (IPDC) has announced the initiation of a large-scale mineral exploration programme on Bougainville island, marking the first major exploration effort since... 

Kathleen Valley nearing first production

Lithium developer Liontown is getting closer to first production – scheduled for mid-year – with the miner this week reaching the key milestone of crushing first ore at its flagship Kathleen Valley... 

Copper miner Austral placed in receivership

Copper miner Austral Resources has been placed in receivership. Creditor Wingate has appointed Jason Tracy, Grant Sparks and Sean Holmes as joint and several receivers and managers. “The business... 

John Harris

This week we profile John Harris, executive director: business solutions and finance at Infinitus Reporting Solutions, a provider of software and services in the corporate performance management space 

Underground construction employee dies at Harmony's Mponeng mine

Gold miner Harmony Gold Mining Company reports that an underground construction employee, working on planned rail maintenance, died at its Mponeng mine near Carletonville, in Gauteng, on May 1. The... 

Pan American to sell La Arena stake to Zijin

NYSE- and TSX-listed Pan American Silver on Wednesday announced the sale of its interest in LA Arena in Peru to a subsidiary of Zijin Mining for up to $295-million. “With the sale of La Arena, we... 

Stillwater Critical Minerals raised C$3.89m in oversubscribed placement

TSX-V-listed Stillwater Critical Minerals has successfully completed C$3.89-million in a nonbrokered placement, surpassing expectations with a 55% oversubscription. Commodities powerhouse Glencore... 

Rick Menell joins Perseus board as nonexec director

Mining veteran Rick Menell has joined the board of Africa-focused gold producer Perseus Mining as a nonexecutive, independent director. "I am extremely pleased to welcome Rick Menell to the board... 

Barrick moves to tap into Jamaica’s mineral potential

Gold and copper major Barrick is set to venture into Jamaica’s untapped minerals landscape through an earn-in agreement with private exploration company Geophysx. Geophysx has strategically... 

Ironveld appoints Kristoffer Andersson CEO

London-listed Ironveld, which owns a high-purity iron, vanadium and titanium project on the northern limb of the Bushveld Complex, in Limpopo, South Africa, has appointed Kristoffer Andersson CEO.... 

Atlantic Lithium given the go-ahead to list on Ghana exchange

Africa-focused lithium exploration and development company Atlantic Lithium has received approval from the Ghana Stock Exchange's (GSE's) listing committee and Ghana's Securities and Exchange... 

Macmahon secures $352m contract extension at Boston Shaker

Mining services group Macmahon has been granted a three-year extension of its alliance-style contract with AngloGold Ashanti at the Boston Shaker underground mine, part of the Tropicana gold... 

Fortescue consortium awarded rights to develop Oman green hydrogen project

A consortium between green energy and metals group Fortescue and sustainable infrastructure investor Actis has been awarded the rights to develop, build, own and operate a large green hydrogen... 

FIRB approves Azure takeover by SQM and Hancock

The Foreign Investment Review Board (FIRB) has approved the acquisition of ASX-listed Azure by SH Mining – a bid vehicle jointly owned by Sociedad Quimica y Minera de Chile (SQM) and Hancock... 

Mosaic sells stake in Saudi JV for $1.5bn

US-based fertiliser company Mosaic on Tuesday announced the sale of its stake in a phosphate production venture to Saudi Arabia’s Ma’aden. Mosaic will receive 111.01-million shares of the Saudi... 

Resolute reports 'promising' start to 2024, despite lower first-quarter output

ASX- and LSE-listed Resolute Mining poured 76 351 oz of gold in the first quarter of this year, compared with the 80 037 oz poured in the fourth quarter of 2023. Despite the lower production, CEO... 

Volt announces strategic investment to commence field ops in Delaware basin

TSX-V-listed lithium development and technology company Volt Lithium on Monday announced strategic investment of $1.5-million by a company with operations in the Delaware basin of West Texas for... 

Sandfire driving forward Black Butte

Australia-headquartered miner Sandfire Resources is continuing to support the Sandfire Americas team to progress the Black Butte project, in Montana, CEO Brendan Harris said on Tuesday. Sandfire... 

MC Mining's Uitkomst Colliery increases quarterly output following turnaround plan

Run-of-mine (RoM) coal production at MC Mining's Uitkomst steelmaking and thermal coal mine, in South Africa, increased by 14% year-on-year to 115 909 t for the quarter ended March 31 – the third... 

Antilles disappointed with Dominican arbitration award

ASX-listed Antilles Gold chairperson Brian Johnson on Tuesday expressed the company’s disappointment with the tribunal of the International Centre for Settlement of Investment Dispute’s (ICSID’s)... 

Asic targets Magnis and Poullas over disclosure failures

The Australian Securities and Investments Commission (Asic) has initiated civil penalty proceedings in the Federal Court against graphite company Magnis Energy Technologies and its executive... 

Gem recovers another greater-than-100-ct diamond

London-listed Gem Diamonds has recovered a 118.74 ct Type II white diamond recovered at its 70%-owned Letšeng mine, in Lesotho. This is the fifth diamond weighing more than 100 ct to be recovered... 

West Cobar adds scandium to Salazar basket

ASX-listed Cobar Metals has announced a maiden resource estimate for scandium, adding to the already valuable basket of minerals hosted at the Salazar project, north-east of Esperance in Western... 

Japanese to partner on Kalgoorlie nickel project

Japanese multinational companies Sumitomo Metal Mining (SSM) and Mitsubishi have thrown their weight behind the Kalgoorlie nickel project – Goongarrie hub, in Western Australia. ASX-listed Ardea... 

Nene steps down as MC Mining chair

South Africa-focused coal company MC Mining on Friday announced the resignation of Nhlanhla Nene as director and chairperson of the board. Nene joined the company on April 11, 2022, initially... 

Henry Adams

This week we profile Henry Adams, country manager at InterSystems, the primary business of which is supplying and supporting software products 

WEIGHING OPTIONS

Eskom and government are considering private and foreign options to fund a R390-billion expansion of the electricity grid as more renewable generation comes online. Bloomberg reports that talks are... 

Gem to report 15% q/q rise in carat sales for the first quarter

London-listed Gem Diamonds notes in a trading update for the first quarter of this year that it sold 32 571 ct of diamonds recovered from its 70%-owned Letšeng mine, in Lesotho. This represents a... 

Blackwater on track for first gold pour in H2 – Artemis

Construction of the Blackwater mine, in central British Columbia, is continuing to progress on schedule, keeping the mine on track for its first gold pour in the second half of the year. At March... 

Armadale sets out to earn a majority stake in US silver asset

Aim-listed investment company Armadale Capital, which holds mine investments in Africa, has entered into an agreement to earn a 50% interest in Africo American Incorporated (AAI), the holding... 

G Mining draws remaining $33m for TZ project

Toronto-listed G Mining Ventures (GMIN) has successfully drawn the remaining $33-million on its $75-million senior secured term loan with an affiliate of Franco-Nevada, in accordance with an... 

Graphite expert appointed to Kasiya development team

ASX- and Aim-listed Sovereign Metals has appointed consultant Dr Surinder Ghag to its owner’s team as chief technology officer for graphite. Ghag will assist Sovereign’s graphite strategy in...