R/€ = 17.5737 Change: 0.0280
R/$ = 16.9402 Change: -0.0613
Au 1761.15 $/oz Change: 11.35
Pt 1017.50 $/oz Change: 11.50

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Strong call for rapid green hydrogen investment decisions made by ramp-up backer

By: Martin Creamer     Updated 2 hours 53 minutes ago A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to overcome green hydrogen’s... 

Taking part in the South Africa Green Hydrogen Summit panel discussion include (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion include (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, Tobias Bischof-Niemz.

Anglo makes management changes as technical director O’Neill retires

By: Creamer Media Reporter      Updated 1 hour 39 minutes ago Diversified mining major Anglo American on Tuesday announced senior leadership changes, following Tony O’Neill’s decision to retire as technical director and to step down from the group management committee at the end of the year. He would also step down from the Anglo American board on the same... 

Tony O'Neill is retiring at the end of December
Tony O'Neill is retiring at the end of December

New CEO for Buffalo Coal, Oosthuizen becomes CFO

By: Mariaan Webb     Updated 1 hour 13 minutes ago South African coal company Buffalo Coal announced on Wednesday that Emma Oosthuizen had resigned as CEO of the company by triggering the termination clause of her employment contract. This follows the change of control of ownership of Buffalo Coal, with Belvedere Resources now the majority... 

Zimbabwe says China's Tsingshan to set up lithium operations

By: Reuters     Updated 2 hours 57 minutes ago Zimbabwe has signed an agreement with Tsingshan Holdings Group, which plans to set up lithium mining and processing operations in the southern African country, President Emmerson Mnangagwa said on Tuesday. Tsingshan, one of the world's top nickel producers, is currently building a $1-billion... 

South Africa unveils R300bn green-hydrogen pipeline as it states ambition to be ‘destination of choice’ 

By: Terence Creamer     29th November 2022 A R300-billion investment pipeline has been identified under South Africa’s Green Hydrogen National Programme, which has been designated as a Strategic Integrated Project (SIP) for accelerated development under the country’s Infrastructure Development Act. Speaking at the South Africa Green... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Sasol focusing on three green-hydrogen clusters in South Africa 

By: Terence Creamer     29th November 2022 Sasol energy business VP Priscillah Mabelane reports that the JSE-listed group has identified three priority clusters for the roll-out of its green hydrogen strategy, while also supporting government with plans to develop Boegoebaai, in the Northern Cape, into a green hydrogen and derivatives... 

Sasol energy business VP Priscillah Mabelane
Photo by Creamer Media Chief Photographer Donna Slater
Sasol energy business VP Priscillah Mabelane

Amplats progressing with Hydrogen Valley value addition

By: Donna Slater     29th November 2022 The Hydrogen Valley project has helped platinum group metals miner Anglo American Platinum (Amplats) map out a blueprint for the ‘art of the possible’ for green hydrogen to develop and scale up in South Africa, Amplats market development principal Fahmida Smith has noted. The Hydrogen Valley... 

Tharisa to report y/y improvement in full-year earnings

By: Tasneem Bulbulia     29th November 2022 Platinum group metals (PGMs) and chrome miner Tharisa’s basic earnings per share (EPS) for the financial year ended September 30 are expected to be between $0.53 and $0.54. This is an increase of between 41% and 44% relative to the EPS of $0.37 in the previous year and is after accounting for the... 

$105m earmarked for Karowe expansion in 2023

By: Mariaan Webb     29th November 2022 Vancouver-based Lucara Diamond will spend up to $105-million next year on the underground expansion of its Karowe mine, in Botswana. In its 2023 operating guidance, the company says that its focus will be predominantly on shaft sinking activities, along with the construction of the bulk air... 

2023 Mining Indaba to focus on Africa’s green metals opportunity

By: Donna Slater     29th November 2022 Next year’s Investing in African Mining Indaba will focus on the ways Africa can enhance the opportunity to increase the supply of green metals to meet global energy demands, while creating meaningful value for communities. Taking place during February 6 to 9 at the Cape Town International... 

Drilling extends Ity gold mine’s mineral resource by 17% to over 5Moz

By: Donna Slater     29th November 2022 An exploration programme at gold miner Endeavour Mining’s Ity gold mine, in Côte d’Ivoire, has resulted in the successful delineation of 750 000 oz of measured and indicated resources, lifting the mine’s resources to over five-million ounces at a grade of 1.62 g/t. Since the beginning of the... 

Caracal subsidiary secures $10.5m of financing

By: Marleny Arnoldi     29th November 2022 London-listed Caracal Gold’s Kenyan subsidiary Kilimapesa Gold has secured $10.5-million of financing through a prepaid gold purchase agreement with OCIM Metals & Mining, a group of privately held companies. The total contract price of $10.5-million will be made available to Kilimapesa, subject... 

Updated Doropo PFS indicates increased resource confidence

By: Tasneem Bulbulia     29th November 2022 An updated prefeasibility study (PFS) into gold miner Centamin’s Doropo project, in north-eastern Côte d'Ivoire, has demonstrated potential operating and capital cost-saving opportunities within the processing flowsheet, as well as resource growth potential within the licence area. “The Doropo... 

Employee dies at Alamos’ Young-Davidson mine

By: Creamer Media Reporter      Updated 10 minutes ago Mining company Alamos Gold on Tuesday reported that a worker had died at its Young-Davidson mine, in Ontario, in an underground accident. “We are shocked and deeply saddened by the loss of our colleague. Nothing is more important than the safety of our employees. On behalf of the entire team at... 

Strategic investor puts $12m into FPX Nickel

By: Mariaan Webb     Updated 15 minutes ago TSX-V-listed FPX Nickel has entered into a subscription agreement for a private placement financing with a new corporate strategic investor, raising gross proceeds of $12-million that it plans to use for the continued development of its nickel project in British Columbia. Under the terms of the... 

SilverCrest refinances $120m project facility

By: Mariaan Webb     Updated 25 minutes ago Vancouver-headquartered SilverCrest has refinanced its $120-million secured project facility, of which it had drawn $90-million, with a new senior secured credit facility through a syndicate of lenders comprising The Bank of Nova Scotia and Bank of Montreal. The new $120-million credit facility... 

Lundin Gold forecast more than 400 000 oz/y for next three years

By: Mariaan Webb     Updated 35 minutes ago Canada-based Lundin Gold has published its three-year production guidance, with its outlook for the Fruta del Norte mine, in Ecuador, well above 400 000 oz/y until between 2023 and 2025. “Now that the South Ventilation Raise has been completed, the additional ventilation will allow us to... 

Australian Strategic Materials seeking investors for Dubbo rare earths project

By: Reuters     Updated 51 minutes ago Rare earths producer Australian Strategic Materials (ASM) is seeking investors for its Dubbo project in New South Wales state, the company's CEO Rowena Smith said on Wednesday. "So we are looking for offtake partners who will then take an equity portion in the project," Smith told Reuters at... 

Australian battery metal players key to South Korea's EV ambition

By: Reuters     Updated 54 minutes ago Australia will play a big role in South Korea's ambition to lead the electric vehicle batteries market and diversify from China for its battery metals needs, a top South Korean executive said on Wednesday. Ben Bosung Kim, the MD for steel giant POSCO in Australia, said the company has already... 

Indonesia plans to appeal after losing WTO nickel dispute with EU

By: Reuters     Updated 56 minutes ago Indonesia's president said on Wednesday his country would appeal a trade dispute ruling that he stated had gone in favour of the European Union, which had sued Indonesia over its 2020 ban on exports of nickel ore. Speaking at an investment event, President Joko Widodo vowed the World Trade... 

Royalty firm URC opts to receive physical uranium from McArthur River

By: Mariaan Webb     Updated 1 hour 1 minute ago Nasdaq- and TSX-V-listed Uranium Royalty Corp (URC) has elected to receive royalty proceeds from the recently re-started McArthur River mine, in Canada, through the delivery of physical uranium. URC’s royalty interest applies to Orano Canada’s 30.195% ownership interest in the McArthur River... 

Royalty firm URC opts to receive physical uranium from McArthur River

Viking joins Flinders in Canegrass

By: Esmarie Iannucci     Updated 1 hour 10 minutes ago Junior Viking Mines has inked a binding agreement with Flinders Mines to earn up to a 99% interest in the Canegrass battery minerals project, in Western Australia. Under the terms of a farm-in agreement, Viking would acquire the majority interest in the project by spending A$4-million... 

Global Lithium completes SPP

By: Esmarie Iannucci     Updated 1 hour 11 minutes ago Lithium developer Global Lithium Resources has completed its A$10.1-million share purchase plan (SPP) as part of the funding solution to fund the Manna lithium project acquisition. Global said on Wednesday that the company had received valid applications exceeding A$13.8-million, with the average... 

Woodside brings Traditional Owners in on power project

By: Esmarie Iannucci     Updated 1 hour 13 minutes ago Oil and gas major Woodside has entered into a bilateral Indigenous Land Use Agreement and a modern benefits-sharing and relationship agreement with the Ngarluma Aboriginal Corporation (NAC) over the proposed Woodside power project in the Pilbara. Woodside is currently investigating the supply of... 

Metallica raises cash to advance Cape Flattery

By: Esmarie Iannucci     Updated 1 hour 15 minutes ago ASX-listed Metallica Minerals will raise some A$9.6-million through a fully underwritten share placement and a fully underwritten non-renounceable pro-rata entitlement offer to progress its Cape Flattery silica sands project, in the Cape York Peninsula. The company was aiming to raise just under... 

Teck Resources taps insider Crystal Prystai for CFO

By: Reuters     Updated 1 hour 48 minutes ago Canada-based mining company Teck Resources said on Tuesday Crystal Prystai has been appointed as chief financial officer and senior vice president. Prystai will succeed Jonathan Price, who was appointed the CEO earlier this year following the departure of company veteran Don Lindsay. Prystai... 

Suncor Energy forecasts higher spend in 2023

By: Reuters     Updated 2 hours 54 minutes ago Canada's Suncor Energy on Tuesday forecast higher capital expenditure for 2023 as the energy company counters high inflation, rising interest rates and geopolitical unrest. Rising costs and shortages of labor and materials have troubled the oil and gas industry this year, and many suspect the... 

WA unlikely to be affected by Santos gas leak

By: Esmarie Iannucci     Updated 4 hours ago The gas leak and subsequent shut-down of the John Brooks platform, offshore Western Australia, is not expected to impact gas supply to the state. Oil and gas major Santos this week announced the temporary shut-down of the platform, which is the main platform supplying the Varanus Island... 

Red River calls in administrators

By: Esmarie Iannucci     Updated 4 hours ago Administrators have been called in at ASX-listed Red River Resources. The company’s MD Mel Palancian resigned in July this year, followed by chairperson Brett Fletcher and non-executive director Ian Smith in August, while its subsidiary Cromarty Resources was placed into voluntary administration... 

Hancock reports A$5.8bn profits

By: Esmarie Iannucci     Updated 4 hours ago Unlisted iron-ore major Hancock Prospecting has reported a A$5.8-billion net profit after tax for the 2022 financial year. Net profits after tax for the 2022 financial year compared with the A$7.3-billion reported in 2021 and the A$40.7-billion in 2020. 

Hancock makes a play for Warrego

By: Esmarie Iannucci     Updated 4 hours ago Gina Rinehart’s Hancock Energy, which is a subsidiary of Hancock Prospecting, has made a competing bid for ASX-listed Warrego Energy. Hancock Energy on Wednesday announced an all-cash offer of 23c a share for all of the shares in Warrego, trumping a current 20c a share cash bid from ASX-listed... 

Rio invests further in renewable energy

By: Esmarie Iannucci     Updated 4 hours ago Diversified major Rio Tinto will invest a further A$600-million million in renewable energy assets in the Pilbara as part of its efforts to decarbonise its Western Australian iron-ore operations. The investment will fund the construction of two 100 MW solar power facilities as well as 200 MWh... 

Image shows solar panels

Fortescue appoints Woodside heavyweight as CEO

By: Esmarie Iannucci     29th November 2022 Iron-ore major Fortescue Metals has appointed oil and gas major Woodside’s executive VP for Australian operations, Fiona Hick, as its new CEO effective from February next year. Woodside on Tuesday announced the resignation of Hick, with CEO Meg O’Neill praising her ‘significant contributions’ to... 

Osisko’s Windfall to be ‘highly profitable’ new Quebec gold mine – study

By: Mariaan Webb     29th November 2022 The Windfall project, in the Abitibi greenstone belt of Quebec, has the potential to be a “significant and highly profitable” new gold mine, in Quebec, producing an average of 306 000 oz/y at an all-in sustaining cost of $758/oz. This is according to a feasibility study, which provides a robust... 

Osisko’s Windfall to be ‘highly profitable’ new Quebec gold mine – study

Thor raises exploration funds

By: Esmarie Iannucci     29th November 2022 Dual-listed Thor Mining will raise A$2.65-million in a share placement to fund uranium exploration activities in the US and to fund drilling at the Kelly’s and Krona gold, nickel and lithium projects in the Pilbara. The company on Tuesday announced plans to place more than 378.5-million shares,... 

Renascor ticks a major box at Siviour

By: Esmarie Iannucci     29th November 2022 The South Australian Department of Energy and Mining has approved ASX-listed Renascor Resources’ Program for Environment Protection and Rehabilitation (PEPR) for its proposed Siviour graphite mine and concentrator. The PEPR approval permits Renascor to process up to 1.65-million tonnes a year,... 

HPA First produces first precursor

By: Esmarie Iannucci     29th November 2022 The HPA First project, in Queensland, has produced its first aluminium-nitrate precursors, ASX-listed Alpha HPA said on Tuesday. The Stage 1 precursor production facility (PPF) is in the final stages of chemical commissioning and delivered its maiden production this week. The PPF has produced 3... 

WA Kaolin raises cash for expansion dreams

By: Esmarie Iannucci     29th November 2022 Junior WA Kaolin will raise A$7.5-million in a capital raise to fund production ramp up and working capital at its Wickepin project, in Western Australia. The share placement will comprise a single tranche share placement of more than 33.33 million shares, priced at 15c each, to sophisticated... 

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