Thor increases production guidance for 2024

Thor Explorations has set its production guidance for the new year at between 95 000 oz and 100 000 oz of gold following solid production of 84 609 oz last year. The TSX-V and Aim-listed miner... 

PTM progresses studies towards PGMs smelter, refinery in Saudi Arabia

Canada-headquartered miner Platinum Group Metals (PTM) continues to progress a market study that seeks to identify potential global sources of platinum group metals (PGMs) concentrate that could... 

Equinox meets gold guidance

Following a strong output of 155 000 oz of gold in the last quarter of the year, dual-listed Equinox Gold achieved consolidated production guidance for 2023, producing 564 500 oz. Guidance for... 

Laramide PEA confirms potential of New Mexico uranium project

Canadian miner Laramide Resources has confirmed in an independent preliminary economic assessment (PEA) on the Churchrock uranium project, in New Mexico, the long-life and high-margin potential of... 

BMI lowers outlook for nickel price

Research firm BMI has revised downward its nickel price forecast for this year to $20 000/t from $20 600/t as the market remains in a supply glut. Simultaneously, weak Mainland Chinese demand and... 

Diamcor returns focus to growing Krone-Endora project following turbulent 2023

Canadian miner Diamcor Mining says it will turn its focus back to the advancement and growth of its Krone-Endora at Venetia project, in South Africa’s Limpopo province, this year, following various... 

Shanta progresses resource expansion drilling at New Luika

Aim-listed Shanta Gold says drilling of deposits at the Elizabeth Hill and BC North targets at the New Luika mine, in Tanzania, has demonstrated encouraging results. The company also continues... 

Gem Diamonds recovers 295 ct diamond in Lesotho

London-listed Gem Diamonds has recovered a high-quality 295 ct Type II white diamond from the Letšeng mine, in Lesotho. The Letšeng mine is among the ten biggest diamond producers by revenue.  

Rainbow says positive milestones reached with rare earth processing pilots

London-listed Rainbow Rare Earths has announced progress with its Phalaborwa pilot plant, with rare earth oxide (REO) separation now under way at the facilities of Rainbow’s technical partner,... 

Lucara recovers 166 ct diamond from Karowe mine

Canadian miner Lucara Diamond Corporation has recovered a 166 ct diamond from the Karowe diamond mine, in Botswana. The Type IIa diamond was recovered in the Coarse X-Ray Transmission unit at... 

Reward announces capital raise to advance Beyondie SoP project

After gaining shareholder approval for the acquisition of the Beyondie sulphate of potash (SOP) project, in Western Australia, ASX-listed Reward Minerals is seeking to raise about A$22.8-million... 

FQM denies Zambian copper sale rumours

Zambia-focused First Quantum Minerals (FQM) has clarified that it does not intend to sell a stake in its copper mines in the country. FQM owns 80% of the Kansanshi copper mine and smelter in... 

SSR appoints Malchuck to board

TSX- and ASX-listed SSR Mining has appointed Daniel Malchuck to its board effective January 8. He will also serve on the board’s technical, safety and sustainability committee.  

Thungela expects volume boost from Aus mine, while rail impacts South African volumes

JSE-listed Thungela Resources expects to report 2.9-million tonnes of saleable production from the Ensham operation, in Australia, for the 2023 financial year, which is above the company’s... 

PE Bulk Terminal completes yearly maintenance

Transnet Port Terminals (TPT) has successfully concluded the yearly ten-day maintenance shutdown of the Port Elizabeth Bulk Terminal to ensure the seamless handling of manganese for the next 12... 

Sibanye announces R84m community upliftment investment

JSE- and NYSE-listed Sibanye-Stillwater has announced an R84-million investment through its Sibanye Rustenburg Mine Community Development Trust (SRMCDT) for development programmes to empower... 

Deep Yellow confirms higher-value, lower capital cost in Tumas DFS review

After reviewing a definitive feasibility study (DFS) on the Tumas uranium project, in Namibia, ASX-listed Deep Yellow has made positive reassessments of capital expenditure and the value of the... 

Firering appoints contractor to start drilling in Côte d'Ivoire

Critical minerals explorer Firering Strategic Minerals has appointed Canada-headquartered FTE Drilling to conduct a 3 000 m reverse circulation (RC) drill programme on its lithium and tantalum... 

Marula starts extensive community engagement for two Tanzanian projects

London-listed Marula Mining has started with a community engagement process at the Nyorinyori and NyoriGreen graphite projects, in Tanzania, through its wholly-owned subsidiary Marula Mining... 

M&R Cementation, PMC reach one-million fatality-free hours on expansion project

Underground mining contractor Murray & Roberts (M&R) Cementation has reached one-million fatality-free hours at its vent shaft contract on the Palabora Mining Company (PMC) Lift II expansion... 

Sunward expands presence in South Africa with new distribution, service centre

Drilling, earthmoving and construction equipment supplier Sunward South Africa has unveiled its dedicated distribution facility in Jet Park, Boksburg, to serve the Southern African mining and... 

PepsiCo fund invests in agri-tech platform

Multinational food and beverage group PepsiCo has announced an investment by its independent fund Kgodiso Development Fund into agri-tech company Khula! To support sustainable finance and market... 

Australian Mines diversifies battery metals portfolio

ASX-listed Australian Mines (AUZ) has acquired two highly prospective exploration projects in Brazil for $1.1-million – the Jequie rare earths and Resende lithium projects. The projects are... 

Bakubung employees undertake illegal sit-in in latest blow to Wesizwe

JSE-listed Wesizwe Platinum says employees have embarked on an illegal sit-in at the Bakubung platinum mine, in North West, since the morning of December 6. Employees chose not to return to... 

Power Minerals nears offtake, funding agreement with Xiamen on Argentina project

Australia-listed Power Minerals is on the cusp of signing a binding offtake, funding and logistics agreement with Shanghai-listed Xiamen Xiangya New Energy for the Salta Lithium project, in... 

McEwen increases stake in Goliath to 5%

Prominent mining company owner Rob McEwen will increase his stake in TSX-V-listed Goliath Resources by completing a private placement for 1.42-million shares, resulting in him owning 5% of the... 

Newmont pours 8 000th gold doré bar

Colorado-based Newmont Corporation’s Musselwhite mine, in Ontario, has reached the milestone of pouring its 8 000th gold doré bar since the mine started with commercial production in 1997. The... 

Australian science agency launches green hydrogen production facility

Australia’s national science agency Commonwealth Scientific and Industrial Research Organisation (CSIRO) has launched a $2.5-million green hydrogen refuelling station at CSIRO’s Clayton site, in... 

Gold Royalty invests $31m in Brazilian gold project

Precious metals royalty and streamlining company Gold Royalty has announced it will provide $31-million in project financing to Canadian miner Aura Minerals for the Borborema gold project, in... 

Bushveld raises $18.4m

Aim-listed Bushveld Minerals has raised $18.4-million, or £14.6-million, through a placing and direct subscriptions with the company by Southern Point Resources (SPR), Acacia Resources, Orange... 

First Quantum, Mimosa to fast-track Zambia project

Mining and metals company First Quantum Minerals (FQM) and Mimosa Resources (Mimosa) have signed a revised Kashime Development Agreement, which is a joint commitment to fast-track the development... 

BMI unpacks key mining, metal trends forecast for 2024

Research agency BMI expects only a slight improvement to mineral and metals prices next year owing to continued weak demand in mainland China and overall global growth deceleration. Global growth... 

Edison upgrades valuation forecast for Pan African Resources

Financial advisory Edison Group has upgraded its confidence in Pan African Resources after the company posted higher production expectations for the 2024 financial year and as a result of it having... 

Miners aiming for more than mere adherence to regulations as pressure to improve ESG practices mounts

There is increasing pressure from stakeholders in all sectors for companies to improve their environmental, social and governance (ESG) practices, but the mining industry, in particular, has to... 

Anglo launches digital provenance solution

Diversified miner Anglo American has launched a digital traceability solution called Valutrax, which is designed to provide customers with greater assurance about the provenance of the products... 

Copper 360 unpacks expanded production plan for Rietberg

JSE-listed emerging miner Copper 360 is poised to ramp up production quickly albeit at higher costs than originally planned, having redesigned its mine plan for the Rietberg mine, in the Northern... 

Ionic receives support towards mining licence grant in Uganda

ASX-listed Ionic Rare Earths Limited says its Ugandan subsidiary now has land access agreements in place for 95% of the mining licence area for the Makuutu rare earths project. Owing to support... 

Exxaro expects lower full-year volumes, but stable demand

Diversified mining and renewable energy group Exxaro Resources says seaborne thermal coal prices have remained under pressure for most of the year, owing to weak demand in Europe and Northeast... 

Ivanhoe discovers more high-grade copper to the west of Kamoa-Kakula

TSX-listed Ivanhoe Mines has made a high-grade copper discovery to the west of its Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The discovery was made on joint venture licences... 

Red Rock granted second exploration licence in Côte d'Ivoire

Gold, copper, cobalt and lithium developer Red Rock Resources’ subsidiary in Côte d'Ivoire has been issued a second licence in the country covering 380 km2 in an area south of Yamoussoukro. The...