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Uranium
Aura announces A$16m placement, A$2m share purchase plan
18th March 2024 By: Marleny Arnoldi

ASX- and Aim-listed Aura Energy has received firm commitments from investors to raise about A$16.2-million through the issue of 90.2-million ordinary shares. The company will also offer... 


Independent expert finds Goldway’s offer not ‘fair, reasonable’ – MC Mining
18th March 2024 By: Marleny Arnoldi

JSE-, ASX- and Aim-listed coal miner MC Mining says a report prepared by an independent expert from BDO Corporate Finance that the takeover offer it received from Goldway Capital Investment in... 


Merafe CEO Zanele Matlala.
Merafe declares cash dividend on record profit, elevated chrome
18th March 2024 By: Martin Creamer

Ferrochrome and chrome company Merafe achieved a record profit of R1 753-million despite what it describes as a challenging economic environment in the 12 months to December 31. The board of... 


Barrick CEO Mark Bristow
Barrick tackling Pueblo Viejo ‘teething problems’
15th March 2024 By: Mariaan Webb

Gold and copper miner Barrick has experienced “teething problems” at its flagship Dominican Republic growth project, CEO Mark Bristow said on Friday, but added that the Pueblo Viejo expansion... 


Critical Mineral Resources raises £250 000 to develop Moroccan permit
15th March 2024 By: Tasneem Bulbulia

Exploration and development company  Critical Mineral Resources has conditionally raised about £250 000 through the placing of 12.2-million new ordinary shares in the company and 8.02-million... 


LNG infrastructure
Energy investor Reatile gears up for LNG importation as gas shortage looms
15th March 2024 By: Marleny Arnoldi

In light of the looming natural gas supply constraints from mid-2026, investment company Reatile Group is actively engaging Sasol on mitigating the gap between 2026 and the eventual arrival of... 


Platinum cathode required in PEM fuel cells to convert hydrogen to electricity. Heraeus infographic.
Major new gigafactory fuel cell thrust enlivening demand outlook for platinum
15th March 2024 By: Martin Creamer

A major new fuel cell thrust in North America is enlivening the outlook for platinum and helping the world advance further along the road to net zero. Emphasising that the advancement of the... 


MC Mining MD and CEO Godfrey Gomwe
MC Mining achieves interim revenue growth despite challenging coal market
15th March 2024 By: Tasneem Bulbulia

Coal miner MC Mining’s strong revenue growth through the six months ended December 31, 2023 were “very pleasing” considering the challenging coal market, MD and CEO Godfrey Gomwe avers. During the... 


Kenmare MD Michael Carvill
Kenmare founder to step down as MD by August
15th March 2024 By: Creamer Media Reporter

Michael Carvill will step down as MD of mineral sands miner Kenmare Resources later this year. Subject to reappointment at the company’s annual general meeting on May 10, it is expected that he... 


Copper surges past $9 000 with supply threats stacking up
Copper surges past $9 000 with supply threats stacking up
15th March 2024 By: Bloomberg

Copper rallied above $9 000 a ton — its highest level in 11 months — as investors react to the risk that global supply challenges will tilt the market back into deficit. The metal, seen as a... 


Copper cathode produced in the DRC
Congo, Chinese partners sign reviewed Sicomines copper and cobalt JV agreement
15th March 2024 By: Reuters

Democratic Republic of Congo and Chinese investors on Thursday signed an agreement reached in January that revises some terms of their Sicomines copper and cobalt joint venture, Congo's... 


Gold, hydrogen, mining boost make headlines
Gold, hydrogen, mining boost make headlines
15th March 2024

This week on Second Take, Mining Weekly Editor Martin Creamer talks about he South African gold producer that’s going public through a business combination with a US group; Elemental Energy on a... 


South Africa’s IDC approves loan for Tanzania graphite project
15th March 2024 By: Mariaan Webb

Tanzanian graphite developer Black Rock Mining has successfully secured the necessary debt facilities required to advance its Mahenge, with a new senior term loan from South Africa’s Industrial... 


Sibanye-Stillwater CEO Neal Froneman and US Deputy Treasury Secretary Wally Adeyemo on a mine tour in Marikana
Africa to play 'huge role' in US critical mineral strategy, says Treasury's No. 2
15th March 2024 By: Reuters

The United States is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia's influence over the market for other minerals, US Deputy Treasury Secretary Wally... 


Magazine cover image
Economic and geopolitical uncertainty supporting strong gold demand and prices
15th March 2024 By: Sabrina Jardim

Amid economic uncertainties and rising inflation, total gold demand, including over-the-counter (OTC) demand, reached a new record of 4 899 t in 2023, thereby supporting the highest yearly average... 


Low prices contribute to 65% y/y drop in Gem's Ebitda
14th March 2024 By: Creamer Media Reporter

High inflation, interest rate hikes and slow overall economic growth in major economies impacted negatively on the diamond market in 2023, putting pressure on rough and polished diamond prices.... 


Exxaro media briefing.
Wind generation up, solar operational soon, Exxaro reports
14th March 2024 By: Martin Creamer

Group wind power generation last year increased by 8% and the Lephalale solar power project is on its way to being operational in the first quarter of next year, Exxaro CE Dr Nombasa Tsengwa... 


Theta secures all approvals to start mining in South Africa
14th March 2024 By: Creamer Media Reporter

ASX-listed Theta Gold says it has received all approvals to start mining at Mining Right (MR) 83, which includes the Beta, CDM and Frankfort mines, in South Africa's Mpumalanga province.   


Bushveld receives another R56m from Southern Point
14th March 2024 By: Creamer Media Reporter

Vanadium producer Bushveld Minerals, which is listed on the London's Aim market and operates in South Africa, has received a further R56.3-million, about $3-million, from Southern Point Resources... 


A Chrysos PhotonAssay unit
Capital achieves fourth consecutive year of strong growth
14th March 2024 By: Creamer Media Reporter

Mining services company Capital CE Peter Stokes says the company is excited for the year ahead after "another great year" in 2023, in which it achieved growth for the fourth consecutive year,... 


MC Mining receives second supplementary bidder's statement from Goldway
14th March 2024 By: Creamer Media Reporter

An independent board committee (IBC) established by JSE-, ASX- and Aim-listed MC Mining to assess an off-market takeover bid by Goldway Capital has reiterated a call to shareholders to take no... 


Uranium
Lotus welcomes Malawi Minister's support for restart of Kayelekera
14th March 2024 By: Creamer Media Reporter

ASX-listed Lotus Resources has welcomed the support expressed by Malawi Mining Minister Monica Chang’anamuno for the restart of the Kayelekera project. The Minister, along with a delegation of... 


Madison Metals CEO Duane Parnham
Madison to pursue traditional funding avenues after lacklustre uranium tokenisation results
14th March 2024 By: Darren Parker

Uranium exploration and development company Madison Metals will pursue more traditional means of raising capital to fund its future efforts, as the company's unique uranium tokenisation strategy... 


The Karowe openpit
Updated study puts Karowe expansion project capital cost at $683m
14th March 2024 By: Creamer Media Reporter

Canada-headquartered Lucara Diamond Corp has published the results of an updated feasibility study on the Karowe Underground Expansion Project (UGP), detailing an estimated preproduction capital... 


The Vertrex modules to be supplied to the Merak 1 project
Trina Solar, SOLA and WBHO collaborate on 135 MW solar plant for ARM
14th March 2024 By: Schalk Burger

Shanghai-listed solar photovoltaic company Trina SOLAr, renewable energy project developer SOLA and civil engineering and construction company WBHO Construction will build the 135 MW Merak 1 SOLAr... 


Exxaro CE Dr Nombasa Tsengwa.
Exxaro declares R5.4bn dividends, green energy business thriving
14th March 2024 By: Martin Creamer

Diversified mining company Exxaro, with interests in the coal, energy and ferrous markets, has declared final and special dividends. The share dividend of R10.10 a share is roughly R3.4-billion and... 


Syrah raises A$98m for Mozambique, US operations
14th March 2024 By: Creamer Media Reporter

Graphite miner Syrah Resources has announced a A$98-million equity raising to preserve optionality its Balama mine in Mozambique, and support the ramp up of downstream activities in the US. Syrah... 


Glencore should keep its coal mines, investor says
Glencore should keep its coal mines, investor says
14th March 2024 By: Bloomberg

Glencore should keep its coal business even after it completes a deal to buy Teck Resources Ltd.’s coal-mining unit, according to shareholder Tribeca Investment Partners. Coal mine ownership has... 


Work under way at the Black Rock manganese operation.
New level of Transnet transparency much improved – ARM
13th March 2024 By: Martin Creamer

Since the new leadership at State rail enterprise Transnet has began engaging with South Africa's mining industry, the level of transparency has been “much, much improved”, according to African... 


Unctad develops digital solution to promote new critical mineral discoveries
13th March 2024 By: Schalk Burger

To prevent a production gap of critical and energy minerals amid burgeoning demand to keep global warming within the 1.5 °C targeted under the Paris Agreement, the United Nations Conference on... 


Rwenzori successfully produces first quantities of mixed rare earth carbonate
13th March 2024 By: Sabrina Jardim

Ugandan operating entity Rwenzori Rare Metals (RRM), owner of the Makuutu heavy rare earths project, has successfully produced first quantities of mixed rare earth carbonate (MREC) at its newly... 


Orion's Prieska mine
Orion pleased with its interim performance
13th March 2024 By: Darren Parker

JSE- and ASX-listed Orion Minerals says it has successfully navigated a pivotal development stage in the six months ended December 31, 2023, having transformed from being a pure explorer and... 


Jupiter MD Brad Rogers
Jupiter scoping study shows strong case for North America-based plant
13th March 2024 By: Darren Parker

ASX-listed Jupiter's newly released scoping study evaluating the opportunity to supply high-purity manganese sulphate monohydrate (HPMSM) to the electric vehicle (EV) battery market has yielded... 


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