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Treasury Metals secures second $3m tranche of RMB loan

By: Natalie Greve     Updated 5 hours ago Having satisfied all conditions precedent, Toronto-listed Treasury Metals has ensured RMB Resources’ continued funding of the company's Goliath gold project, in Northwestern Ontario. The conditions related to the second tranche, which provided the company the ability to access an additional... 

Final stage lithium extraction pilot plant at Cauchari-Olaroz to be inaugurated next month

By: Leandi Kolver     Updated 5 hours ago TSX-listed Lithium Americas on Monday announced that the formal inauguration of the final stage Posco lithium extraction pilot plant at its Cauchari-Olaroz lithium project in Jujuy, Argentina, was expected to take place next month. Lithium Americas and Korean steel company Posco signed a... 

BHP Billiton signs R10bn aluminium supply deal with black consortium

By: Martin Creamer     Updated 6 hours ago The world’s biggest mining company BHP Billiton has agreed a R10-billion, five-year liquid metal supply contract with a black-controlled consortium in a transaction that gives the South African aluminium industry a shot in the arm. The diversified major, which is in the process of demerging its... 

BHP Billiton signs R10bn aluminium supply deal with black consortium
Photo by Duane Daws
Graham Kerr with Lucas Msimanga, Sizwe Khumalo, Zodwa Manase and David Austin

Burkina Faso gold project sold to Alecto

By: Leandi Kolver     Updated 6 hours ago TSX-V-listed Kaizen Discovery on Monday announced that it had completed the sale of its Kerboulé gold project, in Burkina Faso, to Alecto Minerals. Kaizer had received 55-million common shares in Alecto as part of the sales consideration. 

Paladin embarks on sweeping recapitalisation exercise

By: Natalie Greve     Updated 6 hours ago Uranium producer Paladin Energy has announced a throng of measures aimed at recapitalising the company and addressing its long-term funding requirements, including the convertible bonds due in November next year. Following these and other initiatives, which were due to be implemented in early... 

Kipushi drilling programme indicates high-grade resources – Ivanhoe

By: Leandi Kolver     Updated 6 hours ago High-grade silver, zinc and copper drill intercepts have been reported in the third batch of assay results from Africa-focused project developer Ivanhoe Mines’ underground diamond-drilling programme at its Kipushi copper/zinc/germanium/lead/precious metals mine, in the Democratic Republic of... 

‘Undervalued’ Lemur to buy back shares

By: Natalie Greve     Updated 7 hours ago Noting that it did not believe its current share price reflected the “strong” underlying cash position and value within the company’s assets, Lemur Resources has outlined plans to implement an on-market buyback for up to 10% of its issued capital over the next 12 months. The Sydney-listed company... 

Portfolio committee to consult steel-, mineworkers on minimum wage

By: Leandi Kolver     Updated 7 hours ago The Parliamentary Portfolio Committee on Labour would, this week, interact with steel- and mineworkers on the national minimum wage during the second leg of its public hearing process. The first leg of hearings took place in the Western Cape earlier this month where farmworkers and domestic... 

Portfolio committee to consult steel-, mineworkers on minimum wage

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