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Anglo American digs in its heels, denies BHP's extension request
Anglo American digs in its heels, denies BHP's extension request
Updated 1 hour 40 minutes ago By: Mariaan Webb

Diversified miner Anglo American on Wednesday denied BHP’s request for more time to engage on a proposed takeover transaction, stating that its fundamental concerns regarding the $49-billion proposal remain unchanged. With time running out, BHP... 


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Giyani looking to appoint directors with EV battery, financing expertise
Giyani looking to appoint directors with EV battery, financing expertise
27th May 2024 By: Creamer Media Reporter

TSX-V-listed, Botswana-focused Giyani Metals is streamlining its board of directors as it transitions into a manganese battery metals producer. Jonathan Henry, Michael Jones, John Petersen and... 


Marula reports high-grade manganese assays from testwork with potential offtaker
28th May 2024 By: Marleny Arnoldi

UK- and South Africa-listed battery metals miner Marula Mining has reported average grades of 35.73% from manganese samples taken from the Larisoro manganese mine, in Kenya. The company garnered... 


Indonesia buying record amounts of Philippine nickel ore due to quota delays, sources say
Updated 5 hours ago By: Reuters

Top nickel producer Indonesia has bought record volumes of nickel ore from the Philippines since April as smelter demand increases, while delays by Jakarta in issuing mining quotas and heavy rains... 


Sheffield ramps up production at new WA mineral sands mine
Sheffield ramps up production at new WA mineral sands mine
Updated 7 hours ago By: Creamer Media Reporter

Ramp up activities at the Thunderbird mineral sands mine, in Western Australia, are progressing well, with the new mine moving towards nameplate capacity, ASX-listed executive chairperson Bruce... 


Thunderbird shifts focus to high-potential Canadian uranium, drops lithium
Thunderbird shifts focus to high-potential Canadian uranium, drops lithium
Updated 7 hours ago By: Mariaan Webb

Exploration company Thunderbird Resources on Wednesday announced its decision to concentrate all efforts on the high-potential uranium assets in Canada’s Athabasca basin, following a strategic... 


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Kizito Pakabomba was appointed to oversee the Mines Ministry and Congo's globally significant reserves of coltan, copper and other minerals.
DR Congo names new government after months of delay
29th May 2024 By: Reuters

Democratic Republic of Congo has appointed a new government, spokesperson Tina Salama said in the early hours of Wednesday, ending an impasse that has mired the country in political uncertainty for... 


China’s silver imports set to jump as solar demand lifts prices
China’s silver imports set to jump as solar demand lifts prices
29th May 2024 By: Bloomberg

Chinese silver imports could surge in coming weeks, as traders take advantage of a jump in demand that’s taken prices well above the international market. Silver’s in a sweet spot because of its... 


Mongolia defends plan to tap mining riches for new sovereign wealth fund
Mongolia defends plan to tap mining riches for new sovereign wealth fund
29th May 2024 By: Bloomberg

Mongolia’s prime minister defended changes to the country’s mining laws after foreign investors raised concerns they could deter investment in its large reserves of critical minerals, including... 


Critical Resources discovers ‘major’ new LCT pegmatite system at Mavis Lake
29th May 2024 By: Creamer Media Reporter

The share price of ASX-listed Critical Resources rose nearly 10% on Wednesday as the lithium exploration company announced the discovery of several new spodumene-bearing pegmatites at Mavis Lake,... 


A road leading to the nearby Renard operation
Winsome hikes Adina mineral resource estimate
29th May 2024 By: Creamer Media Reporter

Lithium exploration and development company Winsome Resources has substantially increased the resource of the Adina project, in the Eeyou Istchee James Bay region of Quebec, while also enhancing... 


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Globe says Kanyika capital funding requirements finalised at $46m
28th May 2024 By: Sabrina Jardim

Australia-listed Globe Metals and Mining has reported that capital funding requirements for Phase 1 project development at its Kanyika Niobium project, in Malawi, have been finalised at an... 


Firebird receives safety permit for Chinese project
28th May 2024 By: Tasneem Bulbulia

ASX-listed Firebird Metals’ subsidiary Hunan Firebird Battery Technologies has received a safety permit for Stage 1 of a proposed battery-grade manganese sulphate plant in China. The plant will use... 


An image showing TE H2 and VERBUND signing a memorandum of understanding with Tunisia to study the implementation of a large green hydrogen project, H2 Notos
TotalEnergies JV, Austrian firm join forces on proposed Tunisian green hydrogen project
28th May 2024 By: Tasneem Bulbulia

TE H2, a joint venture between TotalEnergies and EREN Groupe, together with Austrian electric company VERBUND, have signed a memorandum of understanding (MoU) with Tunisia to study the... 


Lithium Universe confirms its procurement strategy for Québec lithium refinery project
28th May 2024 By: Darren Parker

ASX-listed Lithium Universe has confirmed that it will adopt a “same equipment, same supplier” procurement strategy for its Bécancour lithium refinery project, in Québec, Canada. This follows a... 


Berkeley seeks $1bn in damages from Spain over uranium mine dispute
Berkeley seeks $1bn in damages from Spain over uranium mine dispute
28th May 2024 By: Reuters

Australian mining group Berkeley Energia said on Tuesday it had filed a request for an arbitration to seek $1-billion in damages from the Spanish government after it refused to give final approval... 


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Magazine

Magazine round up | 24 May 2024
Magazine round up | 24 May 2024

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

SUBSIDY REINSTATED: The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola Tinubu halted the subsidy at in mid-2023 to help government repair its finances. However, the removal and a devaluation of the naira, led fuel prices to more than triple, fanning inflation and protests. The IMF said it expects the fuel subsidy to be phased out within two years, as a cash-transfer programme was implemented to cushion poor consumers. Photograph: Bloomberg
SUBSIDY REINSTATED

The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola... 

Photo of Martin Creamer
Green energy collaboration a must to reindustrialise South Africa

The industrialisation that South Arica has lost in the last few decades can be more than regained by the country collaborating fully when it comes to green electrons, green molecules and the new... 

Photo of Terence Creamer
Unintended consequences?

It is highly unlikely that South Africa would have made the progress it has in stabilising electricity supply and setting in place initiatives to halt the collapse of the country’s... 

Business Leader

 	Mike Benfield, Group CEO of Macsteel Service Centres South Africa
Mike Benfield

This week we profile Mike Benfield, Group CEO of Macsteel Service Centres South Africa, a merchandiser and distributor of steel and value-added steel products 



DEVASTATING: The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state – including the state of safety – of South Africa’s building and construction industry. The industry today is almost unrecognisable from what it was before so many of the country’s listed building majors either closed due to financial distress or exited the sector.
DEVASTATING

The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state –... 

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