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Africa

Tucano mine, in Brazil
ICMM suggests tax reforms to drive greater investment to meet metals, minerals demand
5th June 2024 By: Marleny Arnoldi

Mining organisation ICMM says its members paid corporate income tax (CIT) and royalties of $54.2-billion last year, employed 561 800 people and paid $39-billion in wages. About $187-billion was... 


PGM-linked hydrogen peroxide generator.
Platinum group metal poised to help protect world from growing water pollution threat
5th June 2024 By: Martin Creamer

Platinum group metal (PGM) is once again coming to the fore as a mineral resource that goes the extra mile in protecting a threatened global environment. The latest indispensable commodity that is... 


A haul truck operating at a mine site in South Africa
Seventh administration needs to fast-track structural reforms to halt economic decline, Minerals Council says
5th June 2024 By: Darren Parker

The "concerning" economic growth dynamics across the South African mining sector should reinforce the need for the seventh administration, whatever shape it may take, to sustain and preferably... 


Traders are desperate for copper deals and miners are cashing in
5th June 2024 By: Bloomberg

A heated competition for copper among some of the biggest commodity traders is creating opportunities for miners to negotiate favorable terms ranging from huge upfront payments to extra-long... 


Many Peaks raises A$5.2m to fund gold exploration in Côte d’Ivoire
5th June 2024 By: Darren Parker

ASX-listed Many Peaks Minerals has completed a A$5.2-million equity raise within a 24-hour period from a small number of high-net-worth and institutional investors to accelerate exploration over an... 


Tirupati clarifies rationale of certain corporate actions amid minority shareholder pressure
5th June 2024 By: Marleny Arnoldi

London-listed emerging graphite miner Tirupati Graphite has, in a statement to shareholders on June 5, explained its rationale for appointing certain board members rather than those suggested by a... 


An image showing a dry screening plant at the Krone-Endora at Venetia project
Diamcor closes first tranche of increased placement
5th June 2024 By: Tasneem Bulbulia

TSX-V-listed Diamcor Mining has closed a $1.4-million first tranche of a nonbrokered private placement following receipt of conditional acceptance of the offering from the TSX-V. The company now... 


Bravura expects to begin Zimbabwe lithium production in 2025
5th June 2024 By: Bloomberg

Bravura Holdings – a firm owned by Nigerian tycoon Benedict Peters – plans to start production at a Zimbabwean lithium project early next year, a company official said. The miner remains committed... 


South Korea, African countries sign agreements on minerals, exports
5th June 2024 By: Reuters

Nearly 50 deals and agreements have been signed during South Korea's first summit with leaders from 48 African countries to cooperate in areas such as mining, energy and manufacturing, South... 


Gold bars
Gold purchases by central banks were strong in April despite high prices, WGC says
5th June 2024 By: Reuters

Net purchases of gold by global central banks rose to 33 metric tons in April from a revised net buying of 3 tons in March, the World Gold Council (WGC) said, signalling continuing strong appetite... 


Need for quick exploration activity.
First call applications for R400m junior mining exploration fund close July 12
4th June 2024 By: Martin Creamer

The first call applications for the R400-million junior mining exploration fund (JMEF) close on July 12. This was stated on Tuesday in a media release issued by the Department of Mineral Resources... 


The Kroondal mine
Employees hold unprotected sit-in at Sibanye's Kroondal mine
4th June 2024 By: Creamer Media Reporter

Multinational mining and metals processing group Sibanye-Stillwater reported on June 4 that more than 200 employees remained underground in an illegal sit-in at its Kroondal mine. The group said... 


Oriole reports improved definition of gold anomaly at Mbe in Cameroon
4th June 2024 By: Darren Parker

In an exploration update for its 80%-owned Mbe gold project in the Adamawa region of Cameroon, Aim-listed gold exploration company Oriole Resources said it had managed to significantly improve the... 


Copper falls through $10 000 as exchange inventories keep rising
Copper falls through $10 000 as exchange inventories keep rising
4th June 2024 By: Bloomberg

Copper fell below $10 000/t as a sharp rise in global inventories prompts traders to zero in on weak conditions in the spot market. Stockpiles on the Shanghai Futures Exchange have climbed to the... 


Petra Diamonds CEO Richard Duffy
Diamond transparency from mine to finger is on way from Petra
4th June 2024 By: Martin Creamer

Traceability is becoming an increasingly important part of the natural diamond industry, specifically in terms of being able to verify provenance or origin. G7 sanctions being applied also make... 


The Volvo logo on a vehicle
Volvo to issue world's first EV battery passport ahead of EU rules
4th June 2024 By: Reuters

Volvo Cars is launching the world's first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to... 


An image showing operations at Hummingbird's mine in Mali
Hummingbird bolstered by strong Mali performance, weathers Guinea challenges
4th June 2024 By: Tasneem Bulbulia

Aim-listed Hummingbird became a multi-asset, multi-jurisdiction gold producer in the full -year to December 31, with its Yanfolila mine, in Mali, performing strongly and meeting guidance, and the... 


A farm in South Africa
GDP decreased by 0.1% in the first quarter
4th June 2024 By: Creamer Media Reporter

South Africa’s GDP decreased by 0.1% in the first quarter of this year, Statistics South Africa reports. The manufacturing industry decreased by 1.4% in the first quarter, contributing -0.2 of a... 


U3O8 powder
Deep Yellow selects Ausenco as preferred EPCM contractor for Tumas
4th June 2024 By: Darren Parker

ASX-listed Deep Yellow has selected contractor Ausenco Services to deliver detailed engineering and engineering, procurement and construction management (EPCM) services for the company’s flagship... 


An image showing Pan African's Barberton mine
Pan African concludes 5-year wage agreement at Barberton Mines, ESOP matures
4th June 2024 By: Tasneem Bulbulia

JSE-listed Pan African Resources has concluded a milestone five-year wage agreement for increases and other conditions of service with the National Union of Mineworkers (NUM), the representative... 


172.06 ct Type II white diamond
Gem recovers 172.06 ct diamond at Letšeng
4th June 2024 By: Sabrina Jardim

London-listed diamond producer Gem Diamonds recovered a 172.06 ct Type II white diamond at its Letšeng mine, in Lesotho, on June 2. This is the seventh diamond greater than 100 ct recovered at the... 


De Beers CEO Al Cook
De Beers ditches man-made diamonds as it looks beyond Anglo
3rd June 2024 By: Bloomberg

De Beers will ditch a controversial experiment to sell lab grown diamond jewellery, ending a six-year program that broke one of its oldest taboos. While the company long held the technology to make... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe
South Africa’s ARM completes strategic investment in Canada’s Surge Copper
3rd June 2024 By: Martin Creamer

South Africa’s diversified mining company African Rainbow Minerals has secured its 15% strategic shareholding in Surge Copper, a Toronto Stock Exchange-Venture Exchange company that is advancing an... 


Lotus’ US shares upgraded to OTCQX Best Market
3rd June 2024 By: Tasneem Bulbulia

Africa-focused uranium company Lotus Resources’ shares have started trading on the US-based OTCQX Best Market, an upgrade from the OTCQB Venture Market. The company’s OTC ticker symbol remains LTSRF. 


Drilling on the Tiris project, in Mauritania
Aura starts dual funding workstreams to garner debt, strategic financing for Tiris
3rd June 2024 By: Marleny Arnoldi

ASX- and Aim-listed Aura Energy has started two funding workstreams to underpin the development of the Tiris uranium project, in Mauritania. The company aims to secure an integrated funding... 


Power Metal, ACAM propose uranium-focused JV
3rd June 2024 By: Tasneem Bulbulia

Aim-listed Power Metal Resources has entered into a legally binding subscription agreement with ACAM for the latter to invest £2-million in Power Metal by way of a loan note with attaching... 


Blanket mine shaft
Caledonia publishes PEA on Bilboes project ahead of new feasibility study
3rd June 2024 By: Marleny Arnoldi

Gold miner Caledonia Mining Corporation has confirmed that it will develop the Bilboes sulphide gold project, in Zimbabwe, in a single phase instead of multiple phases as initially planned, and... 


The Twin Hills project, in Namibia
Osino shareholders approve Yintai’s takeover offer
3rd June 2024 By: Marleny Arnoldi

The majority of TSX- and NYSE-listed Osino Resources Corporation’s shareholders have voted in favour of Chinese miner Yintai Gold’s buyout of Osino at a cash consideration of C$1.90 apiece. The... 


Some parties are still objecting to the election results announced on Sunday night
Business urges all parties to accept election results and work together to rebuild country
3rd June 2024 By: Terence Creamer

Organised business has urged political leaders to accept the 2024 election results and to prioritise the crafting of stable governance arrangements underpinned by a commitment to the Constitution,... 


With ARM as strategic investor, Surge Copper kick starts Berg PFS work
3rd June 2024 By: Mariaan Webb

TSX-V-listed Surge Copper has initiated its prefeasibility study (PFS) work on its Berg property, in British Columbia, having completed a C$5-million funding package. The biggest component of the... 


Diamond jewellery
De Beers invites entries for 2024 Shining Light Awards programme
3rd June 2024 By: Marleny Arnoldi

Diamond miner De Beers has invited entries from Canadian, Botswanan, Namibian and South African young diamond jewellery designers for its 2024 Shining Light Awards programme. The Shining Light... 


Moma mine, in Mozambique
Contractor employee dies at Kenmare’s Moma mine
3rd June 2024 By: Marleny Arnoldi

London-listed Kenmare Resources has reported the death of an excavator operator, who was employed by a contractor at the Moma titanium minerals mine, in Mozambique. The operator was involved in a... 


Uranium oxide
Russia said to seek takeover of France’s uranium assets in Niger
3rd June 2024 By: Bloomberg

Russia is seeking to take over uranium assets in Niger held by a State-controlled French company, according to people informed about the matter, in a further challenge to Western interests in... 


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pqt: 0.275s - ct: 0.352s - 348pq - 2rq
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