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Patrice Motsepe
Patrice Motsepe
ARM companies deny breach, see no merit in claims
Updated 2 hours 59 minutes ago By: Bloomberg

South African billionaire Patrice Motsepe and his associate companies are being sued for $195-million in Tanzania, with one of the biggest suits to appear in front of the country’s commercial court set to resume on Monday. Tanzanian mining firm... 


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Field activities completed at Altona’s Monte Muambe
Updated 1 hour 44 minutes ago By: Darren Parker

LSE-listed Altona has completed all field activities relating to a scoping study on short-term fluorspar mining at Monte Muambe, in Mozambique. The results of the study are expected to be available... 


Rome Resources appoints chairperson
Updated 1 hour 56 minutes ago By: Sabrina Jardim

Aim-listed Rome Resources has appointed Klaus Eckhof as director and nonexecutive chairperson. "I am delighted to be joining the board at this exciting time for the business. I look forward to... 


Bauxite ore in hand
Canyon advances early works on now-permitted Minim Martap bauxite project
1st November 2024 By: Marleny Arnoldi

ASX-listed bauxite miner Canyon Resources and its subsidiary Camalco has been granted a mining licence for the Minim Martap project in Cameroon. The 20-year licence is conditional upon the... 


From left: Taanil Construction project contractor Walied Devajee; Kgatelopele local municipality corporate director and projects administrator Mildred Likotsi; executive committee member and Ward 3 Councillor Ansie van Zyl; Ward 4 Councillor Jan Slinger; Kgatelopele local municipality executive mayor and Ward 5 Councillor Irene Williams; Finsch operations executive Jaison Rajan; council whip and Ward 2 Councillor Ronel Haai; Finsch diamond mine National Union of Mineworkers representative Michelle Moeti; and MDV Kalahari Consulting Engineers project engineer Brian Bensley
Petra’s Finsch mine completes road upgrade
1st November 2024 By: Sabrina Jardim

London-listed Petra Diamonds’ Finsch mine has completed the MacKenzie road upgrade project in Danielskuil, in the Northern Cape. The project, valued at R6.2-million, was undertaken as part of the... 


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Chile green hydrogen, Implats solar, De Beers business development make headlines
1st November 2024

Mining Weekly Editor Martin Creamer discusses the very promising findings of Chile’s green hydrogen valley study; Implats' 35 MW solar project and expanded smelter at Zimplats; and De Beers urging... 


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Copper smelting
Zambia stake-boosting mining plan won’t touch existing projects
Updated 3 minutes ago By: Bloomberg

Zambia’s plans to take bigger stakes in some mining projects won’t impact existing operations in the country, including exploration activities, according to a senior government official. The mines... 


O3 bolsters presence along Casa Berardi trend
Updated 1 hour 5 minutes ago By: Creamer Media Reporter

TSX-V-listed O3 Mining has announced its acquisition of the Lac Esther property from Midland Exploration, enhancing its foothold in the Casa Berardi trend. The property is strategically located... 


Indigenous-led impact assessment initiative for Springpole
Indigenous-led impact assessment initiative for Springpole
Updated 1 hour 11 minutes ago By: Mariaan Webb

Canadian project developer First Nation Mining said last week that it had entered into a “process agreement” with Cat Lake First Nation and Lac Seul First Nation that will provide capacity to... 


Energy Fuels sees FY uranium output at lower-end of guidance
Energy Fuels sees FY uranium output at lower-end of guidance
Updated 1 hour 36 minutes ago By: Mariaan Webb

US-based uranium producer Energy Fuels expects production for 2024 to fall at the lower end of its previously guided 150 000 lb to 500 000 lb of uranium oxide (U3O8), owing to delays in... 


Copper and other metals rise as dollar falls before US vote
Copper and other metals rise as dollar falls before US vote
Updated 2 hours 22 minutes ago By: Bloomberg

Copper, aluminum and other base metals rose as the dollar weakened ahead of the US Presidential election day on Tuesday. A gauge of the US currency dropped as investors walked back bets on Donald... 


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Chris Ellison
Mineral Resources says Ellison to step down after probe
Updated 3 hours ago By: Bloomberg

Mineral Resources said its tycoon founder, Chris Ellison, will be penalised A$8.8-million and will step down within 18 months after the Australian miner launched an investigation into undeclared... 


Rusal raises bar in Nornickel dispute with fresh claims against Potanin
Updated 3 hours ago By: Reuters

Aluminium giant Rusal has added fresh claims to its legal dispute against Russian billionaire Vladimir Potanin, CEO and largest shareholder of metals producer Nornickel, court documents seen by... 


Canada to unveil long-awaited plan for emissions cap on oil and gas sector
Canada to unveil long-awaited plan for emissions cap on oil and gas sector
Updated 3 hours ago By: Reuters

Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly... 


Gold climbs ahead of US jobs data, with election looming large
1st November 2024 By: Bloomberg

Gold gained — following its biggest one-day drop since July — as traders waited for key US jobs data and weighed potential market disruption ahead of the looming presidential election. Bullion... 


Bowen raises A$70m to fund Plumtree North development
1st November 2024 By: Creamer Media Reporter

Australian miner Bowen Coking Coal’s balance sheet received a boost with a A$70-million capital raise to fund its Plumtree North mine development at the Burton mine, in Queensland. The ASX-listed... 


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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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