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MRG granted new exploration licence in Mozambique
3rd April 2024 By: Tasneem Bulbulia

ASX-listed MRG Metals has been granted a new exploration licence – the Olinga 11005L exploration licence – in Mozambique, targeting uranium and rare earth elements (REEs). The new Olinga uranium... 


Salungano to appeal dismissal of Keaton Energy business rescue application
Salungano to appeal dismissal of Keaton Energy business rescue application
3rd April 2024 By: Tasneem Bulbulia

Following announcements in February regarding the application to place JSE-listed Salungano’s wholly-owned subsidiary Keaton Energy’s wholly-owned subsidiary Keaton Mining under supervision and to... 


Askari’s strategic uranium prospect acquisitions align with clean energy objectives
Askari’s strategic uranium prospect acquisitions align with clean energy objectives
3rd April 2024 By: Darren Parker

ASX-listed Askari Metals has affirmed that its uranium acquisition strategy in southern Tanzania serves as a cornerstone of the company's African clean energy focus. Askari is set to propel various... 


US, EU are set to miss a critical minerals agreement this week
3rd April 2024 By: Bloomberg

A US and European Union push to reach an accord on fostering critical mineral supply chains is set to miss another target this week, according to people familiar with the discussions. The final... 


India coal miner plans $720m sale of renewables unit
3rd April 2024 By: Bloomberg

State-run coal miner and power producer NLC India is planning to sell renewable assets worth an estimated 60-billion rupees ($720-million). The company will put nearly 1.4 GW of mostly solar... 


China’s coal price slump likely to persist until start of summer
China’s coal price slump likely to persist until start of summer
3rd April 2024 By: Reuters

Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the fossil fuel and taking a toll on the country’s miners. The country’s benchmark... 


ERA appoints Rio Tinto to manage Ranger rehabilitation
ERA appoints Rio Tinto to manage Ranger rehabilitation
3rd April 2024 By: Creamer Media Reporter

Energy Resources of Australia (ERA) has brought in major shareholder Rio Tinto’s global expertise in mine closure to manage the rehabilitation of the Ranger uranium mine, in Northern Territory.... 


Resources Watch
Resources Watch
3rd April 2024

This week: Mechanical cutting is going to be key for mining going forward – Master Drilling and, DRDGOLD to determine economic viability of copper recovery from Copper 360’s tailings dams 


Southern Palladium advancing PFS for South Africa project
3rd April 2024 By: Tasneem Bulbulia

JSE- and ASX-listed Southern Palladium says drilling is advancing the prefeasibility study (PFS) for its Bengwenyama platinum group metals (PGMs) project, on the Eastern Limb of the Bushveld... 


Thor Exploration acquires licences in Senegal
3rd April 2024 By: Tasneem Bulbulia

TSX-V and Aim-listed Thor Exploration has completed the acquisition of interests in two licences in southeast Senegal where it is currently advancing the Douta gold project to a preliminary... 


Tshiamiso CEO Dr Munyadziwa Kwinda
Tshiamiso Trust reaches R1.5bn payout milestone
3rd April 2024 By: Marleny Arnoldi

The Tshiamiso Trust, which was established to disburse compensation funds to mineworkers who contracted silicosis and tuberculosis (TB) while employed by certain companies in South Africa’s gold... 


OAR acquires two uranium prospects in Namibia
3rd April 2024 By: Darren Parker

ASX-listed OAR Resources has signed a binding agreement with Bullrun Capital, Cityscape Asset and Impala Consulting to acquire a 100% interest in two exploration prospecting licences (EPLs) in the... 


Rare earth oxides
IonicRE, Viridis to form JV to advance rare earth prospects in Brazil
3rd April 2024 By: Darren Parker

ASX-listed companies Ionic Rare Earths (IonicRE) and Viridis Mining and Minerals are to form a 50:50 joint venture (JV) company to advance rare earth separation business prospects in Brazil. The JV... 


Vale divestment in Indonesian nickel unit expected to finish in July
3rd April 2024 By: Reuters

Indonesia's mining minister on Tuesday said divestment of Vale Canada and Sumitomo Metal Mining's shares in their nickel miner unit Vale Indonesia is expected to conclude in July. The transaction... 


Sasol president and CEO Simon Baloyi
Sasol streamlines its executive committee’s portfolios
3rd April 2024 By: Schalk Burger

JSE-listed energy and chemicals company Sasol has streamlined the portfolios of the members of its group executive committee, with effect from April 1. This involves changes to important functions... 


ARM Executive Chairperson Dr Patrice Motsepe
South Africa’s ARM to acquire 15% of Canada’s Surge Copper
3rd April 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) has entered into a subscription agreement for a private placement financing with Surge Copper, a Canadian company that is advancing an... 


C2C Metals stakes another US uranium project
3rd April 2024 By: Creamer Media Reporter

CSE-listed C2C Metals has acquired its second US uranium project acquired through claim staking. Identified and drilled by URADCO in 1981, the Blue Jay mine project lies in San Juan county, Utah,... 


Scottie agrees royalty with Franco-Nevada
3rd April 2024 By: Creamer Media Reporter

Gold company Scottie Resources has announced a C$8.1-million financing package with Franco-Nevada, encompassing a 2% gross production royalty on all minerals produced on Scottie’s claims in the... 


Gold hits record as silver surges on outlook for Fed rate cuts
Gold hits record as silver surges on outlook for Fed rate cuts
3rd April 2024 By: Bloomberg

Gold held near a fresh record and silver hit a two-year high as two Federal Reserve officials said they still expect the US central bank to cut rates three times in 2024, buoying the outlook for... 


Long-awaited McPhillamys to cost A$1bn, says Regis Resources
Long-awaited McPhillamys to cost A$1bn, says Regis Resources
3rd April 2024 By: Mariaan Webb

The long-awaited McPhillamys project, in New South Wales, would require about A$1-billion before it produced its first gold, owner Regis Resources said on Wednesday. In a definitive feasibility... 


Deutsche Bank says Glencore may consider switching listing to US
Deutsche Bank says Glencore may consider switching listing to US
3rd April 2024 By: Bloomberg

Glencore may consider switching its primary listing from London to New York, analysts at Deutsche Bank predicted, in what would be one of the most high-profile exits from the UK exchange to date.... 


The deal will give SQM a foothold in Australia with a stake in Azure's Andover project.
Australia regulator extends approval deadline for SQM-Hancock's $1.bn bid for Azure
3rd April 2024 By: Reuters

Australia's Azure Minerals said on Wednesday the country's Foreign Investment Review Board (FIRB) extended a deadline for approving SQM and Hancock Prospecting's A$1.7-billion offer for the lithium... 


Argentinean entrepreneur Elsztain acquires 5% in Challenger, eyes larger investment
2nd April 2024 By: Creamer Media Reporter

Argentinean businessman and entrepreneur Eduardo Elsztain has acquired an initial 5% stake in Challenger Gold and has signalled an intention to take a larger stake pending a more detailed due... 


Nedbank CIB Markets Research Head Arnold van Graan.
Current low PGM prices not reflective of supply/demand fundamentals – Nedbank CIB
2nd April 2024 By: Martin Creamer

Platinum group metals (PGM) prices, where they are now, do not reflect the medium to long-term supply demand fundamentals. Instead, they are driven by short-term distortions, which imply that a... 


Kavango ‘quietly confident’ Kalahari Copper Belt exploration programme will deliver
2nd April 2024 By: Tasneem Bulbulia

London-listed Kavango Resources has announced preliminary interpretation results for geophysical survey data on its property in Botswana’s Kalahari Copper Belt (KCB) from South Africa-based New... 


Koryx Copper raises $1.5m
2nd April 2024 By: Sabrina Jardim

Mineral exploration and development company Koryx Copper has closed a nonbrokered private placement for $1.51-million. The proceeds of the private placement will be used for further exploration on... 


Goldstone advances capital raising plans, chairperson steps down
2nd April 2024 By: Sabrina Jardim

Bill Trew has stepped down as chairperson of Aim-listed Goldstone Resources, effective April 1. Further, the company, which owns gold exploration assets in Ghana, continues to advance its capital... 


Unicorn to expand its exploration focus to Africa
2nd April 2024 By: Tasneem Bulbulia

London-listed Unicorn Mineral Resources, a mineral exploration and development company based in Ireland and exploring for zinc, lead, copper and silver, announces that the board has unanimously... 


Gold Fields says the January 2 fatality has affected the operational momentum at South Deep
Gold Fields warns of lower first-quarter production
2nd April 2024 By: Mariaan Webb

JSE- and NYSE-listed Gold Fields on Tuesday cautioned of lower first-quarter production, citing operational challenges at the South Deep mine, in South Africa, and weather-related events in... 


Gold Fields’ new Chile mine delivers its first gold
Gold Fields’ new Chile mine delivers its first gold
2nd April 2024 By: Mariaan Webb

The new Salares Norte mine, in Chile, has produced its first gold, Johannesburg- and New York-listed Gold Fields reported on Tuesday. The new mine, which is key to the company achieving its gold... 


Brand new fuel cell is platinum-catalysed.
New platinum-based hydrogen fuel cell as cheap to make as conventional car engine
2nd April 2024 By: Martin Creamer

The brand-new platinum-catalysed hydrogen fuel cell system that has just been released for passenger cars reveals that fuel cells can be as cheap to manufacture as internal combustion engines... 


Paladin uranium plant in Namibia
Paladin achieves commercial production at Langer Heinrich
2nd April 2024 By: Darren Parker

ASX-listed uranium producer Paladin Energy has achieved uranium concentrate production and drumming at the Langer Heinrich Mine (LHM), in Namibia, as of March 30. The company said in a statement on... 


Whitehaven completes metallurgical coal buy from BHP
2nd April 2024 By: Creamer Media Reporter

Australian miner Whitehaven coal has completed its acquisition of the Daunia and Blackwater metallurgical coal mines from BHP and Mitsubishi Development. The BHP Mitsubishi Alliance (BMA) sold the... 


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