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Pan African study highlights Mogale Gold's fast payback, low costs, output uplift, ungeared return

By: Martin Creamer Updated 7 hours ago Fast payback, low costs, big production uplift, long life, high ungeared return and a lot more is contained in the definitive feasibility study (DFS) on the Mogale Gold tailings storage facilities published by gold mining company Pan African on Thursday. The Mogale Gold tailings storage... →

Photo by Creamer Media
Pan African CEO Cobus Loots.

Anglo enters deal to accelerate rollout of nuGen zero emissions haulage solution

By: Chanel de Bruyn Updated 1 hour 49 minutes ago Diversified miner Anglo American is in exclusive negotiations with specialist engineering technology company First Mode Holding and has agreed nonbinding terms to establish a combined business to accelerate the rollout of Anglo's nuGen hydrogen-powered Zero Emissions Haulage Solution (ZEHS). The... →

Anglo American's nuGen haulage truck

Metals set for worst quarter since 2008 on global downturn angst

By: Bloomberg Updated 5 hours ago Base metals headed for the worst quarterly slump since the global financial crisis in 2008 as China’s economy recovered only gradually and fears of a world recession intensified. The London Metal Exchange Index has tumbled 23% since the end of March, although the decline has been magnified due... →

Sibanye to raise stake in Finland's Keliber to 80%

By: Mariaan Webb Updated 3 hours ago Finnish lithium company Keliber has negotiated a financing arrangement with South Africa-based Sibanye-Stillwater that will enable its lithium project in the Ostrobothnia area to progress to the construction phase. The two-phase arrangement will see Sibanye-Stillwater increase its shareholding... →

Biggest African fund manager is key to platinum takeover battle

By: Bloomberg 30th June 2022 Impala Platinum Holdings said Africa’s biggest fund manager must make a decision over what to do with its Royal Bafokeng Platinum stake, which has become central to ending an eight-month takeover battle that is hindering the companies from making future plans. South Africa’s Public Investment... →

Exxaro highlights strong European coal demand, while local rail challenges persist

By: Marleny Arnoldi Updated 1 hour 59 minutes ago Diversified mining and energy group Exxaro Resources says high-quality thermal coal remains significantly in demand as the Russia/Ukraine war persists. The company reported in a pre-close statement issued on June 30 that the first half of the year has seen worsened supply chain disruptions... →

Petra ends its financial year with strong sales in the latest tender

By: Creamer Media Reporter Updated 3 hours ago London-listed Petra Diamonds' sixth tender for the 2022 financial year earned it $93-million in revenue from the sale of 569 496 ct of diamonds. “The Tender 6 results conclude a strong year for Petra’s diamond sales both in terms of pricing and the demand we have seen. The significant interest... →

DRA, Senet appointed to conduct Tiris FEED study

By: Donna Slater Updated 2 hours 2 minutes ago ASX- and Aim-listed uranium and polymetallic miner Aura Energy has engaged with engineering consultants DRA Global, and its wholly-owned subsidiary Senet, to start Phase 1 of the Mauritania-based Tiris uranium front-end engineering design (FEED) study. The FEED study for its 85%-owned Tiris... →

Bauba subsidiary Nuco Chrome granted eight-year mining right

By: Donna Slater Updated 1 hour 59 minutes ago Platinum and chrome miner Bauba Resources reports that its 74%-owned exploration company Nuco Chrome business has been granted a mining right, which is valid for eight years. The mining right – notarially executed on June 23 – came into effect on June 3, and will end on June 2, 2030. →

Merafe says third-quarter ferrochrome price 16.7% lower q/q

By: Creamer Media Reporter Updated 3 hours ago JSE-listed Merafe Resources has informed shareholders that the European benchmark ferrochrome price for the third quarter has been settled at $1.80/lb. That represents a 16.7% decrease from the price of $2.16/lb for the second quarter. →

AfriTin's Robert Sewell joins Mkango as CFO

By: Creamer Media Reporter Updated 2 hours 36 minutes ago Aim- and TSX-V-listed Mkango Resources has appointed Robert Sewell CFO. Sewell joins the company from AfriTin Mining, where he was CFO during the construction and commissioning of its Uis tin mine, in Namibia. →

Eastplats appoints new CEO

By: Creamer Media Reporter Updated 2 hours 44 minutes ago Platinum group metals miner Eastern Platinum (Eastplats) has appointed Wanjin Yang as CEO, effective immediately. He is a senior exploration geologist with over 30 years’ of experience in major mineral exploration projects, corporate management and corporate development. He previously was the... →

China's Huayou to explore Zimbabwe lithium plant 'when conditions are right'

By: Reuters Updated 2 hours 46 minutes ago Huayou Cobalt 603799.SS on Thursday said it could not immediately commit to producing battery-grade lithium in Zimbabwe after the country's competition authority made that a condition of its takeover of a lithium mine. China's biggest cobalt refiner acquired the hard-rock Arcadia lithium mine,... →

Fertoz, Excel to develop US fertiliser pelleting plant

By: Tasneem Bulbulia Updated 2 hours 3 minutes ago ASX-listed Fertoz has announced a joint venture with Montana-based Excel Industries to develop a fertiliser pelleting plant in the US. Fertoz will work with Excel and its affiliate Range Cubes Mill, based in Kinsey, Montana, to create a fertiliser pellet product containing nitrogen, phosphorous... →

Volt undertakes share placement to restart graphite production in Ukraine

By: Tasneem Bulbulia Updated 2 hours 6 minutes ago ASX-listed Volt Resources has received firm commitments from professional and sophisticated investors for a placement to raise A$1.72-million. Volt chairperson Asimwe Kabunga subscribed for fully paid ordinary shares and unlisted options for an additional A$284 000 on the same terms as the... →

Cyprium to raise A$26m for copper projects

By: Tasneem Bulbulia Updated 2 hours 11 minutes ago ASX-listed Cyprium Metals has announced a capital raising via a placement and a pro rata non‐renounceable rights issue to raise up to A$26-million before costs. The company has received firm commitments in respect of a placement to issue about 139.1-million new shares at 11.5 c each to raise... →

Queensland State budget to boost resources industry

By: Tasneem Bulbulia Updated 2 hours 13 minutes ago A State Budget pack of A$68.5-million is set to boost Queensland's resources industry, including transforming the state’s new economy minerals sector into a long-term pit-to-product industry. Resources Minister Scott Stewart said that this week’s Budget was expected to inject millions into the... →

Sandfire’s updated MRE sets strong foundation at MATSA

By: Tasneem Bulbulia Updated 3 hours ago ASX-listed Sandfire Resources has reported an updated measured, indicated and inferred mineral resource estimate (MRE) for the MATSA mining operations, in Spain, totalling 147.2-million tonnes, containing an estimated 2.1-million tonnes of copper, 4.4-million tonnes of zinc, 1.5-million tonnes of... →

LME examining UK's sanctions on Nornickel boss Potanin

By: Reuters Updated 4 hours ago The London Metal Exchange (LME) is examining sanctions which Britain has imposed on oligarch Vladimir Potanin, chief executive of Nornickel GMKN.MM, the world's largest refined nickel producer, the exchange said on Thursday. "We are looking into the detail of the sanctions and what it may mean... →

Renergen strikes new gas blower named Gandalf, making progress on plant

By: Schalk Burger Updated 5 hours ago ASX- and JSE-listed natural gas and helium producer Renergen announced a new gas blower named Gandalf at its Virginia gas project, in South Africa’s Free State province, after gas was intersected at 480 m from surface with a flow rate of about 90 000 cubic feet a day. The target depth is 1 200 m,... →

ioneer progresses secondary listing plans

By: Creamer Media Reporter Updated 5 hours ago Emerging lithium/boron supplier ioneer is making progress with its planned secondary listing on the Nasdaq. The company, which owns the Rhyolite Ridge project in Nevada, has filed a registration statement on Form 20-F with the US Securities and Exchange Commission. The form contemplates that... →

Eskom to implement Stage 6 load-shedding on Thursday and Friday

By: Creamer Media Reporter Updated 5 hours ago Power utility Eskom on Thursday said it would again implement Stage 6 load-shedding, from 14:00 until midnight, as the unlawful strike by employees continues. Stage 4 load-shedding will be implemented from 00:00 to 05:00 on Friday. From 05:00 until 00:00 on Friday, load-shedding will be... →

Argosy’s Argentina lithium project 90% complete

By: Mariaan Webb Updated 6 hours ago Development work at the Rincon lithium project, in Argentina, is about 90% complete, keeping the 2 000-t/y lithium carbonate operation on track for first production in the third quarter of this year. Argosy Minerals’ MD Zerko Zuvela says that the company’s operations team is getting closer to... →

Hawsons iron project MRE delayed to July

By: Tasneem Bulbulia Updated 6 hours ago ASX-listed Hawsons Iron has advised that analytical work on an anticipated mineral resource estimate update (MRE) for the Hawsons iron project, near Broken Hill, has not been completed on time, owing to the cumulative delaying impact of wet weather, Covid-19 and additional time required to... →

EPA recommends North West Shelf extension

By: Tasneem Bulbulia Updated 7 hours ago The Western Australian Environmental Protection Authority (EPA) has recommended approval to increase the life of the North West Shelf (NWS) project, with key environmental conditions for the ongoing operations in the decades ahead. One of the conditions is to reduce greenhouse gas emissions from... →

An image of the Karratha North West Shelf project gas plant

Tulla subsidiaries concludes iron-ore deal with Constance

By: Marleny Arnoldi Updated 7 hours ago ASX-listed Tulla Resources’ subsidiaries Central Norseman Gold Corporation (CNGC) and Pangolin Resources have entered into an offtake and funding agreement with Australia-based Constance Iron, for its Norseman iron-ore project, in Australia. This follows a heads of agreement signed between the... →

Rio Tinto, Corona Canada pilot low-carbon beer cans

By: Marleny Arnoldi 30th June 2022 British-Australian mining group Rio Tinto and beer brewer Corona Canada have launched a trial of Canada’s first specially-marked, low-carbon beverage can. The can was manufactured by Ball Corporation, using aluminium from Rio Tinto and leveraging emissions-free Elysis smelting technology. →

Great Panther sells Mexico silver mines

By: Mariaan Webb 30th June 2022 Precious metals miner Great Panther will sell its Mexican subsidiary, which holds the Guanajuato mine complex (GMC), the Topia mine, as well as the El Horcon and Santa Rosa projects, to Guanajuato Silver (GSilver). "This is a strategic transaction that places the GMC and Topia mines in the hands... →

Coeur sells shares in Victoria Gold

By: Creamer Media Reporter 30th June 2022 US-based precious metals producers Coeur Mining has sold a portion of the shares that it owns in Yukon-focused Victoria Gold for gross proceeds of C$54.5-million. The company sold five-million common shares of Victoria at C$10.90 each, reducing its shareholding from 17.3% to 9.5%. →

California lithium tax would delay shipments to automakers, executives warn

By: Reuters 30th June 2022 A proposed flat-rate tax on lithium produced in California's Salton Sea region will delay deliveries of the electric vehicle battery metal to General Motors and Stellantis and may push some mining companies to exit the state entirely, industry executives told Reuters. The brewing tension comes... →

Ironveld shareholder asks board to remove chairperson, CEO as directors

By: Creamer Media Reporter 29th June 2022 Aim-listed Ironveld has informed shareholders that it has received a requisition notice from a significant shareholder, requesting the board of directors to arrange a general meeting and to consider the removal of chairperson Giles Clarke and CEO Martin Eales as directors of Ironveld. The... →

Nimba to list on the LSE towards the end of the year, BFS to follow

By: Marleny Arnoldi 29th June 2022 West Africa-focused miner Nimba Development Company (NDC) has started with a preliminary technical information exchange process with the government of Guinea, as part of the Nimba iron-ore mine’s development. Particularly, NDC has shared with the Guinean Ministry of Mines and Geology its... →

Hummingbird chairperson retires

By: Creamer Media Reporter 29th June 2022 Russell King has stepped down as chairperson of Hummingbird Resources. He had been chairperson since November 2014. →

Albemarle urges US to cut red tape to boost lithium supply chain

By: Bloomberg 29th June 2022 The world’s largest lithium producer is urging the US government to cut red tape to accelerate a build-out of a domestic supply chain for materials needed for batteries, electric vehicles and cleaner technologies while cutting dependence on China. China has more than half of all capacity for... →

Turmoil at Firefinch as MD walks, Morilla update expected

By: Mariaan Webb 29th June 2022 Australian company Firefinch’s shares were suspended on Wednesday, pending an announcement regarding the operational performance and production guidance at the Morila gold mine, in Mali. The company also announced that MD Michael Anderson had left his position “by mutual agreement” – a day after... →

Liontown inks lithium deal with Ford after Tesla, LG agreements

By: Reuters 29th June 2022 Liontown Resources signed a lithium supply agreement with Ford Motor, the Australian miner's latest after similar deals earlier this year with Tesla and electric vehicle (EV) battery maker LG Energy. Liontown said on Wednesday it will supply Ford with 150,000 dry metric tonnes (DMT) of lithium... →

Coburn mineral sands mine expedited

By: Darren Parker 29th June 2022 The rapid construction of ASX-listed Strandline Resources’ Coburn mineral sands project in Western Australia has facilitated the start of openpit mine development two months ahead of schedule, the company said on Wednesday. After the successful early mobilisation of the mining contractor in... →

Illegal mining brazenness a significant concern to legitimate industry

By: Donna Slater 29th June 2022 Minerals Council South Africa legal deputy head Mxolisi Ngubane says that, although the prevalence of illegal mining is not new, the brazenness and evolving nature at which operations are taking place, is becoming increasingly concerning to the wider mining industry and especially to miners in... →

An image of a disused mine shaft in South Africa

Photo by Bloomberg
Feeble attempts to close disused mine shafts means illegal miners will have an easy avenue to gain access to underground tunnels and ore.

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