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The Phalaborwa Rare Earths Project involves the recovery of rare earths from gypsum and waste dumps.
The Phalaborwa Rare Earths Project involves the recovery of rare earths from gypsum and waste dumps.
Likely lifespan boost for critical rare earths project in South Africa’s Limpopo province
Updated 6 hours ago By: Martin Creamer

South Africa’s rare earths project in Limpopo has received a distinctly possible lifespan boost to more than 16 years following an updated bulk density calculation, which has enlarged the likely Phalaborwa resource tonnage to 35.1-million tonnes,... 


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On-The-Air (23/02/2024)
23rd February 2024 By: Martin Creamer
Magazine round up | 23 February 2024
Magazine round up | 23 February 2024
23rd February 2024
Resources Watch
Resources Watch
21st February 2024

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Oriole confirms high-grade mineralisation at Mbe from partner’s soil sampling
Updated 2 hours 3 minutes ago By: Marleny Arnoldi

Sub-Saharan African miner BCM International Group has uncovered gold mineralisation grading 256 g/t from outcrop sampling and 25.1 g/t gold from pit sampling over a 3-km-long target on the Mbe gold... 


Yintai Gold to buy Canadian gold exploration firm Osino for C$368m
Updated 3 hours ago By: Reuters

China-based Yintai Gold on Sunday said it will acquire Canadian gold exploration firm Osino Resources in an all cash deal for C$368-million. Osino will end its C$287-million deal with Canadian... 


Montage upsizes financing, makes leadership changes
Updated 6 hours ago By: Mariaan Webb

Canadian precious metals explorer and developer Montage Gold on Friday announced an upsized private placement financing of C$35-million. The company, which is listed on the TSX-V, increased its... 


Australian scientists make progress in dealing with hydrogen embrittlement of steel
Updated 2 hours 18 minutes ago By: Rebecca Campbell

Australian researchers have made a step forward in addressing perhaps the biggest single obstacle to the large-scale roll-out of the hoped-for hydrogen economy: hydrogen embrittlement. This is the... 


Jervois shortlists locations for US cobalt refinery
Updated 1 hour 1 minute ago By: Mariaan Webb

Australia-based Jervois Gobal has identified two preferred locations for its bankable feasibility study (BFS) for a US-located cobalt refinery, with AFRY USA leading the initiative. The shortlisted... 


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Deep Yellow hikes Mulga Rock resource
Updated 2 hours 9 minutes ago By: Creamer Media Reporter

Uranium developer Deep Yellow has reported a 26% increase in the total contained uranium in the Mulga Rock East project, in the Great Victoria desert of Western Australia, to 71.2-million pounds... 


Lithium Universe secures industrial land for Quebec refinery
Updated 3 hours ago By: Creamer Media Reporter

Australia-listed Lithium Universe on Monday announced the execution of an option agreement to purchase a commercial property in the Becancour Waterfront Industrial Park (BWIP) for its planned 16... 


India considers export tax on low-grade iron ore, sources say
Updated 3 hours ago By: Reuters

India is considering an export tax on low-grade iron-ore after small steel producers urged the government to curb its overseas sales, two sources directly involved in the matter said. China... 


Cobalt Blue considers downscaling Broken Hill project
Updated 3 hours ago By: Creamer Media Reporter

Australia’s Cobalt Blue has initiated a strategic review of its Broken Hill Cobalt Project (BHCP) in New South Wales, contemplating the viability of a scaled-down operation amid challenging cobalt... 


MIND ID to acquire 14% stake in Vale Indonesia from foreign investors
Updated 4 hours ago By: Reuters

Indonesia's mining industry holding company, MIND ID, agreed on Monday to acquire a 14% stake in Vale Indonesia from Vale Canada and Japan's Sumitomo Metal Mining, to become the top shareholder at... 


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Mark Cutifani
Vale sees no sign of environmental breach at suspended mines
Updated 6 hours ago By: Reuters

Brazilian miner Vale does not see signs of environmental or social breach at two of its mines whose operating licenses were suspended this week, Vale Base Metals chair Mark Cutifani said on... 


Hudbay guides higher copper, lower gold output for 2024
Updated 6 hours ago By: Creamer Media Reporter

Canadian mining company Hudbay Minerals has had a strong end to 2023, with higher copper production, record gold production and record financial performance in the final quarter. This strong... 


Western Copper appoints new CEO
Updated 6 hours ago By: Creamer Media Reporter

Western Copper and Gold, which is developing the Casino project in the Yukon Territory, has appointed Sandeep Singh as CEO with immediate effect. Singh will work closely with Paul West-Sells, who... 


Energy Fuels preparing two more US uranium mines for production
Energy Fuels preparing two more US uranium mines for production
Updated 7 hours ago By: Mariaan Webb

In anticipation of continued strength in uranium markets, US-based Energy Fuels is preparing two more mines in Colorado and Wyoming for production and is readying for exploration drilling to... 


AngloGold Ashanti CEO Alberto Calderon
AngloGold moves forward with studies for Nevada starter project
26th February 2024 By: Mariaan Webb

The board of multinational miner AngloGold Ashanti has given the green light for the North Bullfrog project’s feasibility study to progress into detailed engineering. This represents a crucial... 


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Magazine

Magazine round up | 23 February 2024
Magazine round up | 23 February 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

CURRENCY CRUNCH: Zimbabwe may back its currency with gold to end exchange-rate instability, Finance Minister Mthuli Ncube announced earlier this month. “In order to manage growth of liquidity, we may link the exchange rate to a hard asset such as gold,” Ncube said in an online press briefing a week after President Emmerson Mnangagwa signalled that a revamp of the world’s worst-performing currency was under consideration. At the time of the announcement, the Zimbabwe dollar had slumped almost 50% against the US dollar this year after plunging 90% in 2023.
CURRENCY CRUNCH

Zimbabwe may back its currency with gold to end exchange-rate instability, Finance Minister Mthuli Ncube announced earlier this month. “In order to manage growth of liquidity, we may link the... 

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Junior mining fund is a start, but should not be seen as the end game

The Junior Mining Exploration Fund just launched by the Industrial Development Corporation and the Department of Mineral Resources and Energy (DMRE) is a start but must not end up as the finish.... 

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Crunch time

The consequences of policy failure in electricity are so obvious there is no need to ventilate them again. Not so for gas, however, given that they are only visible to those manufacturers that have... 

Business Leader

Jurie Wessels, founder and executive chairperson of Vanadium Resources
Jurie Wessels

This week we profile Jurie Wessels, founder and executive chairperson of Vanadium Resources, which is developing the Steelpoortdrift mine and concentrator and the Tweefontein salt roast leach plant 

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HANGING ON

HANGING ON: There was a near audible sigh of relief when ArcelorMittal South Africa announced a six-month deferral to its plan to close its loss-making long-products business. While the group sees... 

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