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Pan African Resources CEO Cobus Loots
Pan African Resources CEO Cobus Loots
Pan African acquires remaining stake in Australian gold miner TCMG
5th November 2024 By: Darren Parker

Mid-tier gold producer Pan African Resources has acquired the remaining 92% of Tennant Consolidated Mining Group (TCMG) in Australia. The company disclosed on November 5 that the acquisition was completed through a share agreement, with TCMG now a... 


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Kodal disagrees with Hainan statement related to MoU in Mali
5th November 2024 By: Marleny Arnoldi

Following an announcement by Hainan Mining related to the memorandum of understanding (MoU) between the Mali government, Hainan and Aim-listed Kodal Minerals’ jointly owned subsidiary Kodal... 


Wia undertakes A$30m placement to drive further growth at Namibia project
5th November 2024 By: Tasneem Bulbulia

ASX-listed Wia Gold has received firm commitments from new and existing shareholders, including institutional and sophisticated investors, for a A$30-million placement of 200-million new fully paid... 


Akobo issues NKr25.3m unsecured convertible loan
5th November 2024 By: Darren Parker

Scandinavia-based gold developer Akobo Minerals, which owns and operates the Segele gold mine, in Ethiopia, has issued an unsecured convertible loan totalling NKr25.3-million with contributions... 


Codelco seeks permit for $650m Andina water project
Updated 6 hours ago By: Reuters

Chile's state copper giant Codelco has applied for an environmental permit for a $650-million project to make water use in its Andina mine more sustainable, the company said on Tuesday. The plan... 


Megado acquires European copper project
5th November 2024 By: Creamer Media Reporter

Australian company Megado Minerals has announced an agreement to acquire an 80% interest in a copper project in northern Spain. The Iberian copper project includes 12 permits, including at least 12... 


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Copper extends gains on signs Chinese economy in recovery mode
Copper extends gains on signs Chinese economy in recovery mode
5th November 2024 By: Bloomberg

Copper rose for a third day on positive Chinese economic data and hopes Beijing will unveil more economic support measures. The industrial metal has rallied more than 2% since the close on... 


Highland Valley is Canada's biggest copper mine.
Teck to boost copper output to 800 000 t/y by 2030
5th November 2024 By: Mariaan Webb

Vancouver-based Teck Resources will today outline its investment pathway to grow copper production to 800 000 t/y before the end of the decade. Teck president and CEO Jonathan Price and members of... 


Gold steady as market holds breath before tight US election
Gold steady as market holds breath before tight US election
5th November 2024 By: Bloomberg

Gold was steady as the market braced for a tight US election, and a Federal Reserve rate decision later in the week. Uncertainty around the presidential vote on Tuesday has aided bullion in the... 


St Barbara raises A$110m to accelerate Simberi expansion
St Barbara raises A$110m to accelerate Simberi expansion
5th November 2024 By: Mariaan Webb

Australia’s St Barbara on Tuesday announced plans to raise up to A$110-million to fast track the expansion of its Simberi gold mining operation, in Papua New Guinea. St Barbara aims to accelerate... 


Canada proposes sharp cut in oil and gas sector emissions by 2030
5th November 2024 By: Reuters

The Canadian government on Monday released draft regulations that would cap emissions of greenhouse gases from the oil and gas sector by 35% from 2019 levels, slightly less than initially... 


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FireFly to step up regional exploration as it grows Green Bay holding
FireFly to step up regional exploration as it grows Green Bay holding
4th November 2024 By: Mariaan Webb

ASX-listed exporer FireFly Metals on Monday announced a transaction to buy the Tilt Cove exploration property, in Newfoundland, Canada, from TSX-listed Signal Gold. The transaction will add a... 


FBM sells Nevada lithium project to focus on WA assets
4th November 2024 By: Creamer Media Reporter

Australian firm Future Battery Minerals (FBM) has announced the sale of its 80% interest in the Nevada lithium project to a Texas-headquartered company for A$4-million in cash. This sale will... 


Spartan sells noncore gold projects to Benz Mining
4th November 2024 By: Mariaan Webb

Gold company Spartan Resources has reached an agreement to sell two noncore gold projects in Western Australia to fellow ASX-listed Benz Mining for A$15.6-million in cash and scrip. “The Glenburgh... 


Kamoa-Kakula achieved record copper production of 41 800 t in October
4th November 2024 By: Sabrina Jardim

Canadian mining company Ivanhoe Mines has reported that the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) achieved a combined monthly... 


Orion Minerals corporate communications and investor relations executive Avishkar Nagaser
Orion appoints corporate communications, investor relations exec
4th November 2024 By: Sabrina Jardim

ASX- and JSE-listed Orion Minerals has appointed Avishkar Nagaser corporate communications and investor relations executive. Nagaser was previously investor relations and corporate affairs... 


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Magazine

Magazine round up | 01 November 2024
Magazine round up | 01 November 2024

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

HIGH ANXIETY: While millions of Americans have already voted either in-person or through mail-in ballots ahead of the November 5 Presidential elections, there is still no indication of who will win. The margin between former President Donald Trump and Vice President Kamala Harris is razor-thin. Anxiety levels are high both inside the country and across the world given the potential implications for the future of democracy, as well as economic and trade relations. Photograph: Bloomberg
HIGH ANXIETY

While millions of Americans have already voted either in-person or through mail-in ballots ahead of the November 5 Presidential elections, there is still no indication of who will win. The margin... 

Photo of Martin Creamer
Water power in underground mines should be put to full use

The high electricity tariff scenario should prompt underground miners to make full use of every bit of self-generation potential that is available to them. For decades attention has been drawn to... 

Photo of Terence Creamer
Ongoing adaptation

It is positive that the current framework used by government to procure new generation capacity from independent power producers (IPPs) is under review. These programmes have been struggling to... 

Business Leader

 Andrew Hardie, CEO of Pay@
Andrew Hardie

This week we profile Andrew Hardie, CEO of Pay@, a payments aggregator.  

INFLATION TARGET: South Africa’s official inflation-target band is 3% to 6%, but South African Reserve Bank governor Lesetja Kganyago has made it clear for some time now that his target is actually the mid-point. In a recent speech, Kganyago acknowledged concern about the employment and growth costs of pursuing a lower target. However, he went on to quote studies indicating that there had been “little or no cost to getting inflation to 4.5%”, the takeaway being that he has no intention of applying the brakes while he is behind the monetary-policy wheel.
INFLATION TARGET

South Africa’s official inflation-target band is 3% to 6%, but South African Reserve Bank governor Lesetja Kganyago has made it clear for some time now that his target is actually the mid-point. In... 

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