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Rio Tinto brings forward Simandou iron-ore production to 2025
Rio Tinto brings forward Simandou iron-ore production to 2025
6th December 2023 By: Reuters

Rio Tinto on Wednesday brought forward the start of production from its giant Simandou iron ore project in Guinea to 2025 with plans to spend about $6.2-billion including on port and rail infrastructure. Simandou, set to be the world's largest... 


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CAA Mining actively drilling for lithium in spodumene in Ghana – research firm
Updated 52 minutes ago By: Darren Parker

Non-independent researcher SP Angel has reported that mining and exploration company CAA Mining is actively engaged in drilling operations to delineate a new lithium-in-spodumene resource in Ghana.... 


Power Metal Resources to start drill testing at Botswana project
Updated 1 hour 43 minutes ago By: Darren Parker

Since early October, Aim-listed exploration company Power Metal Resources has advanced plans to drill test a key target at T1-14 at its Molopo Farms Complex (MFC) project, in southwestern Botswana,... 


Critical Mineral Resources acquires new permits in Morocco
Updated 2 hours 50 minutes ago By: Tasneem Bulbulia

Aim-listed Critical Mineral Resources (CMR) has been granted four new exploration permits in the Rabat and Beni-Mellal regions in Morocco.  The three new permits, covering an area of about 80 km2,... 


Altona’s shareholding in Monte Muambe increases to 51%
Updated 15 minutes ago By: Tasneem Bulbulia

London-listed Altona’s shareholding in Monte Muambe Mining Limitada has now increased from 20% to 51%, following the successful completion of Phase 2 of the Monte Muambe rare earths project. Monte... 


Australia’s Boss Energy buys stake in enCore's Alta Mesa uranium asset
Australia’s Boss Energy buys stake in enCore's Alta Mesa uranium asset
Updated 16 minutes ago By: Mariaan Webb

NYSE- and TSX-V-listed enCore Energy has sold a 30% interest in its Alta Mesa project, in the US, to Australia’s Boss Energy for $70-million. Boss will pay $60-million for its interest, make an... 


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Surge in lithium stocks raise hope rout in EV metal almost done
Updated 1 hour 15 minutes ago By: Bloomberg

A sudden jump in the share prices of Chinese lithium producers is spurring optimism that a rout in the electric vehicle battery metal may be coming to an end. China’s two biggest producers —... 


State auditors recommend Freeport Indonesia be fined for smelter delays
Updated 1 hour 24 minutes ago By: Reuters

Indonesian state auditors have recommended the energy ministry fine Freeport Indonesia for delays in its plan to build a copper smelter, estimating that such a penalty could amount to... 


China metals firms see US rules unlikely to upend supply chains
China metals firms see US rules unlikely to upend supply chains
Updated 1 hour 43 minutes ago By: Reuters

Chinese firms producing and processing battery materials see new US rules aimed at limiting Beijing’s grip on the electric-vehicle industry as less stringent than feared, allowing them to preserve... 


Australian science agency launches green hydrogen production facility
Updated 3 hours ago By: Marleny Arnoldi

Australia’s national science agency Commonwealth Scientific and Industrial Research Organisation (CSIRO) has launched a $2.5-million green hydrogen refuelling station at CSIRO’s Clayton site, in... 


Gold Royalty invests $31m in Brazilian gold project
Updated 3 hours ago By: Marleny Arnoldi

Precious metals royalty and streamlining company Gold Royalty has announced it will provide $31-million in project financing to Canadian miner Aura Minerals for the Borborema gold project, in... 


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IsoEnergy solidifies global presence with successful merger
Updated 4 hours ago By: Creamer Media Reporter

TSX-V IsoEnergy, under the leadership of CEO Philip Williams, has successfully closed the merger with Consolidated Uranium (CUR). This union not only marks a significant milestone for IsoEnergy,... 


Rio Tinto looking at synergies to reshape portfolio, not big M&A
Updated 5 hours ago By: Reuters

Rio Tinto is focused on reshaping its portfolio with joint ventures rather than huge mergers and acquisitions, CEO Jakob Stausholm said on Wednesday. "The last thing we need is very big M&A,... 


Deadly attack spurs plea for Peru crackdown on unlicensed mines
Updated 5 hours ago By: Bloomberg

Mining executives in Peru are imploring authorities to crack down on escalating violence by informal miners, which this weekend cost the lives of nine staff members of a large, legal gold mine.... 


Iamgold gains full ownership of Nelligan with Vanstar buy
Iamgold gains full ownership of Nelligan with Vanstar buy
Updated 5 hours ago By: Creamer Media Reporter

Dual-listed Iamgold is consolidating its interest in the Nelligan deposit, in northern Quebec, announcing on Tuesday an agreement to acquire Vanstar Resources. Vanstar is an exploration company... 


China to set up coal production reserve to stabilise prices
Updated 6 hours ago By: Reuters

China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even as it aims to start phasing down coal use in the... 


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Magazine

Magazine round up | 01 December 2023
Magazine round up | 01 December 2023

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

PRICE RISE: In late November, uranium prices topped $80 a pound for the first time in more than 15 years. Bloomberg reports that prices have rallied during 2023, after more than a decade of moving sideways, amid interest in nuclear and numerous production challenges. While spot uranium (picture here in the form of a yellowcake concentrate) is a thinly traded market, the term price — which is more important for power plants — has also been trending higher. Photograph: Bloomberg
PRICE RISE

In late November, uranium prices topped $80 a pound for the first time in more than 15 years. Bloomberg reports that prices have rallied during 2023, after more than a decade of moving sideways,... 

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Hats off to Utshalo for going all out to reawaken South Africa’s public markets

South Africa has a pressing need to reawaken its public markets and Utshalo must be complimented for setting out to do just that.  The brainchild of Ince and Paul Miller is providing a platform to... 

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Green growth and jobs

Transitioning South Africa’s energy ecosystem from its current over-reliance on coal to one progressively based on the country’s natural advantages of abundant sun, wind and land will take decades.... 

Business Leader

Nitesh Singh, communications media and technology lead for for Africa at Accenture
Nitesh Singh

This week we profile Nitesh Singh, communications media and technology lead for for Africa at Accenture, a global professional services company that helps businesses, governments and other... 

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COSTLY CONGESTION

The pile-up of ships outside South African ports is a costly reminder of the risks associated with mismanagement and corruption at a State-owned monopoly. Some vessels have been left at anchorage... 

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