Geopolitical tensions, continued central bank buying likely to support gold in 2024

Gold had a strong 2023, defying expectations amid a high interest rate environment and outperforming commodities, bonds and most stock markets, the World Gold Council (WGC) says as it outlines... 

Ionic selects WSP to deliver feasibility study for UK magnet recycling facility

ASX-listed Ionic Rare Earths’ 100%-owned subsidiary Ionic Technologies International, based in Belfast, in the UK, has progressed the delivery of a feasibility study for a commercial magnet... 

Gold ETF outflows slowed considerably in November, says WGC

Global gold exchange-traded funds (ETFs) outflows slowed significantly in November supported by net inflows into North American funds, industry organisation the World Gold Council (WGC) reports.... 

Altona’s shareholding in Monte Muambe increases to 51%

London-listed Altona’s shareholding in Monte Muambe Mining Limitada has now increased from 20% to 51%, following the successful completion of Phase 2 of the Monte Muambe rare earths project. Monte... 

Marula completes drilling programmes at South African project ahead of schedule

Africa-focused mining and development company Marula Mining has completed Phase 1 and 2 diamond drilling programmes at the Blesberg lithium and tantalum mine in South Africa, ahead of schedule,... 

Critical Mineral Resources acquires new permits in Morocco

Aim-listed Critical Mineral Resources (CMR) has been granted four new exploration permits in the Rabat and Beni-Mellal regions in Morocco.  The three new permits, covering an area of about 80 km2,... 

Test work at Southern Palladium’s Bengwenyama shows strong PGM recovery rates

Preliminary, unoptimised testing at JSE- and ASX-listed Southern Palladium’s Bengwenyama platinum group metal (PGM) project, in the Bushveld Complex of South Africa, indicates that the Bengwenyama... 

Exxaro, Council for Geoscience sign MoU to drive sustainability, decarbonisation

Diversified miner Exxaro Resources and South African national science council the Council for Geoscience (CGS) have entered into a memorandum of understanding (MoU) to drive sustainability and... 

Andrada produces high-grade spodumene concentrate at Lithium Ridge licence area

Aim-listed Andrada Mining has produced high-grade lithium spodumene concentrate from mineralised pegmatite material sourced from the Lithium Ridge licence area –  a fully permitted mining licence... 

TotalEnergies takes steps to broaden methane emission reductions in the oil, gas sector

TotalEnergies has announced the signing of three cooperation agreements with national oil and gas companies – Petrobras in Brazil, SOCAR in Azerbaijan and Sonangol in Angola – to carry out methane... 

South African auto sector to produce first EVs in 2026, says Patel at launch of key White Paper

The Department of Trade, Industry and Competition (dtic) on December 4 released the Electric Vehicles (EV) White Paper, as well as the Green Hydrogen Commercialisation Strategy final report.... 

Lindian progressing Malawi project

ASX-listed Lindian Resources has made “excellent” progress this year on mine development operations and the commissioning of the Stage 1 processing plant at the Kangankunde rare earths project in... 

Exxaro, Cennergi unveil solar project

Diversified mining and renewable energy solutions company Exxaro Resources and its wholly-owned subsidiary Cennergi on November 16 unveiled the Lephalale solar project (LSP), with the sodturning... 

Organisations collaborate on development of a consolidated responsible mining standard

The Copper Mark, the Mining Association of Canada (MAC), ICMM and the World Gold Council (WGC) are working towards consolidating their individual voluntary responsible mining and metals standards... 

Orosur achieves positive exploration results at Nigeria project

TSX-V and Aim-listed Orosur Mining has provided an exploration update for its new Lithium West joint venture (JV) in Nigeria, with first results from a mapping and sampling programme on the first... 

Drilling shows potential for resource upgrade at Atlantic Lithium’s Ghana project

Africa-focused lithium exploration and development company Atlantic Lithium announces that multiple broad intervals of visible spodumene have been observed in drilling outside of the current... 

De Beers donates building to Sol Plaatje University in Kimberley

Diamond producer De Beers Group will donate the Harry Oppenheimer House (HOH) building, in Kimberley, to the Sol Plaatje University following the January relocation of De Beers’ Sightholder Sales... 

BMI raises 2024 iron-ore price forecast, but long-term decline persists

Fitch Solutions unit BMI has raised its 2024 iron-ore price forecast to a yearly average of $120/t from $100/t previously, as price resilience continues on the back of positive sentiment over... 

AVZ says AGM underscores strong support for board, strategy

Mineral exploration company AVZ Minerals says results from its annual general meeting (AGM), held on November 23, showcase both a strong vote of confidence for the board and its clear and... 

Vale completes throughput test for Phase 1 of the Salobo III plant in Brazil

Brazilian miner Vale has successfully completed the throughput test for the first phase of the Salobo III copper project, in the Carajás region in Brazil, with the Salobo complex exceeding an... 

JSE Ventures launches carbon market

The JSE Ventures on November 9 launched a new Voluntary Carbon Market, in partnership with global environmental markets infrastructure provider Xpansiv. This initiative is aimed at allowing local... 

Cape Town runway project awaiting Economic Regulator approval

The starting of the Cape Town Aviation Infrastructure runway realignment is dependent on the approval by the Economic Regulator which is outstanding at this point; as well as the review of the... 

Drilling at Ionic’s Uganda project shows extension potential

ASX-listed Ionic Rare Earths announces that initial drill results from the Phase 5 resource infill and extension drilling at its 60%-owned Makuutu heavy rare earths project, in Uganda, shows... 

Silvercorp, OreCorp amend scheme implementation deed to increase cash consideration

TSX-V- and NYSE-listed Silvercorp Metals and ASX-listed OreCorp have amended their August 5 scheme implementation deed to increase the cash consideration from A$0.15 to A$0.19, while retaining the... 

SANEDI's pioneer conference showcases initiatives to tackle energy challenges

Mineral Resources and Energy Deputy Minister Dr Nobuhle Nkabane has emphasised the need to invest in science, technology and innovation to grow South Africa’s economy and to address the country’s... 

Pensana, Yorkshire Energy Park sign letter of intent for magnet metal facility in the UK

Pensana and The Yorkshire Energy Park (YEP), at an on-site event on November 17, signed a letter of intent for the site of a future permanent magnet metal facility within the park. The YEP is... 

Omnia weathers challenges to maintain strong interim financial position

JSE-listed Omnia Holdings’ operations and capital were managed effectively against a backdrop of complex market dynamics, resulting in a strong cash position and balance sheet for the six months... 

Sovereign upscales Malawi graphite programme

Aim-listed Sovereign Metals announces that a bulk sampling programme to extract over 100 t of ore from the Kasiya project, in Malawi, is under way, to produce over 1 000 kg of natural graphite for... 

Energy independence crucial to addressing city’s financial distress – Tshwane mayor

The most important thing for the City of Tshwane is to rescue it from financial distress, and key to this mission is maintaining energy independence, executive mayor Cilliers Brink emphasised in a... 

Exxaro, Cennergi reach sodturning milestone for Lephalale solar project

Diversified mining and renewable energy solutions company Exxaro Resources and its wholly-owned subsidiary Cennergi on November 16 unveiled the Lephalale solar project (LSP), with the sodturning... 

New documentary starring Idris Elba focuses on gold’s history, impact

Industry organisation the World Gold Council (WGC) has released a new documentary, titled ‘Gold: A Journey with Idris Elba’, created in partnership with Pioneer Productions. The documentary was... 

Ionic secures over 90% of land access agreements for Ugandan project

ASX-listed Ionic Rare Earths has achieved progress in securing land access agreements for the mining licence application (MLA) for the Stage 1 development of the Makuutu rare earths project over... 

Eastplats’ financial performance improves

JSE-listed Eastern Platinum’s (Eastplats’) revenue for the three months ended September 30 increased to $21.8-million, from $3.6-million in the prior year’s corresponding period, representing an... 

Ascot progressing construction on British Columbia project

Canadian mining firm Ascot Resources made considerable progress on outdoor areas such as the tailings storage facility (TSF) earthworks, the new water treatment plant (WTP) and the electrical... 

Updated scoping study for Infinity’s Spain project proves positive

ASX-listed Infinity Lithium has completed an updated scoping study for the San José lithium project in Spain, and highlights that the project’s positive financial outcomes and environmental... 

WDC focused on furthering Kimberley Process

Industry organisation the World Diamond Council (WDC) is “determined” to drive forward the ambition of the Kimberly Process (KP), which aims to foster peace, security and benefit all diamond... 

RFI for hydrogen initiatives at SA ports issued

In support of South Africa’s transition to a low-carbon economy, Transnet National Ports Authority (TNPA) has issued a request for information (RFI) for the development of a terminal facility and... 

Triple Flag confident of meeting sales guidance to 2028

TSX- and NYSE-listed Triple Flag Precious Metals (TFPM) has declared a dividend of $0.05 a share to be paid on December 15, and highlights that its business continued its strong performance in the... 

CleanTech progressing PFS for Chile project

Exploration and development company CleanTech Lithium (CTL) is progressing the prefeasibility study (PFS) at its Laguna Verde project, which will incorporate the results from extensive test work... 

ACTOM Industry secures contract to upgrade winder drive, gold system at Ghanaian gold mine

After many years of trying to break into the Ghana gold mining market with its modern mine winder drive and control systems, mine winder experts ACTOM Industry late last year achieved a...