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Africa

Kefi progresses funding for Ethiopia project
25th March 2024 By: Tasneem Bulbulia

Aim-listed Kefi Gold and Copper has achieved further positive developments at the its high-grade Tulu Kapi gold project in Ethiopia, as it prepares for full launch in the first half of this year.... 


Mkango raises £750 000 to advance rare earth magnet recycling, launches strategic review
25th March 2024 By: Tasneem Bulbulia

Aim-listed Mkango Resources has conditionally raised gross proceeds of £750 000 via a direct company subscription from existing shareholders, including a £150 000 investment by CEO William Dawes.... 


Gravelotte processing, sorting plant commissioning under way
25th March 2024 By: Creamer Media Reporter

London-listed gemstone miner URA Holdings has started commissioning of the processing and sorting plants at its Gravelotte emerald mine, in South Africa. "We are pleased to report that we are on... 


Rare earth oxides
Ionic reaches steady-state output of rare earth oxide from demo plant, starts planning commercial plant
25th March 2024 By: Marleny Arnoldi

ASX-listed Ionic Rare Earths has achieved continuous production from its magnet recycling demonstration plant in Belfast, in the UK. The facility has produced 11.5 kg of didymium oxide (neodymium... 


An image of coal at the Richards Bay Coal Terminal
Optimum coal to be exported from Richards Bay terminal from next month
25th March 2024 By: Tasneem Bulbulia

Richards Bay Coal Terminal (RBCT), Liberty Coal/Liberty Coal Terminal and the business rescue practitioners (BRPs) of Optimum Coal Mine (OCM) and Optimum Coal Terminal (OCT) have reached an... 


Gold bars
OreCorp recommends shareholders accept amended Perseus offer
25th March 2024 By: Marleny Arnoldi

ASX-listed OreCorp has recommended to shareholders that they accept an amended offer made by ASX- and TSX-listed Perseus Mining to buy out all shares it does not own in the company for A$0.575... 


Powerlines
NTCSA unbundling secures lender consent, Ramokgopa confirms
25th March 2024 By: Terence Creamer

Electricity Minister Kgosientsho Ramokgopa reports that Eskom’s eight “lender groups” have given their consent to the establishment of the National Transmission Company South Africa (NTCSA) as a... 


Goldplat remains profitable despite South African headwinds
25th March 2024 By: Tasneem Bulbulia

Aim-listed Goldplat, with gold recovery operations in South Africa and Ghana, continued to achieve profitable results for the six months ended December 31, 2023, despite some of the difficult... 


The energy-efficient Lion ferrochrome smelter.
Ferrochrome benchmark price settles higher
25th March 2024 By: Martin Creamer

The European benchmark ferrochrome price for the second quarter of this year has been settled at $1.52/lb, 5.6% up on the first three months of 2024, Merafe Resources informed shareholders on... 


An image of Botswana Diamonds' Ghaghoo mine.
Botswana Diamonds achieves several positive developments in 2023
25th March 2024 By: Tasneem Bulbulia

Diamond miner Botswana Diamonds chairperson John Teeling has outlined some positive developments achieved by the company during 2023, including that a gravity survey has discovered a high-grade... 


An image of Minerals Council health head Dr Thuthula Balfour
Mining sector meets target to reduce TB levels to below national average
25th March 2024 By: Tasneem Bulbulia

The South African mining industry has made significant inroads into addressing tuberculosis (TB) since 2017 and has met its ten-year target to reduce the incidence rate among mineworkers to below... 


Uranium’s 22% price plunge is bottoming out on nuclear future
Uranium’s 22% price plunge is bottoming out on nuclear future
25th March 2024 By: Bloomberg

Uranium may have lost some sizzle after an electrifying 10-month rally, but analysts and investors aren’t losing faith in the long-term prospects of the nuclear fuel. After a 22% decline over six... 


Coal is preparing for a long goodbye
Coal is preparing for a long goodbye
25th March 2024 By: Bloomberg

More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity —... 


Newmont’s Akyem Ghana gold mine draws Chinese interest
24th March 2024 By: Reuters

Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal, people with... 


The Tenke Fungurume mine in the DRC
Congo overtakes Peru on copper output, still behind on exports
24th March 2024 By: Reuters

The Democratic Republic of the Congo overtook Peru as the world's second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations... 


Askari raises A$1.6m for lithium, uranium developments
22nd March 2024 By: Marleny Arnoldi

ASX-listed Askari Metals has successfully raised A$1.6-million through a share placement. Tranche 1 of the placement is made up of 18.1-million shares, while Tranche 2, which is subject to... 


Image of an emerald stone
Grizzly emerald auction generates $19m in sales
22nd March 2024 By: Sabrina Jardim

Emerald producer Grizzly Mining’s latest international emerald auction, in Dubai, of medium- to high-grade rough emeralds recovered from its flagship Grizzly emerald mine, in Zambia, generated... 


AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI
22nd March 2024 By: Martin Creamer

Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become... 


Gemfields swings to a loss on PGM investment writedown, but gemstone business flourishes
22nd March 2024 By: Sabrina Jardim

Gemstone miner Gemfields has recorded its second highest yearly revenues in 2023, on the back of record prices being paid for its rough coloured gemstones sold at auction. Gemfields CEO Sean... 


Kore raises $530 000 through convertible loan note issue
22nd March 2024 By: Darren Parker

Potash development company Kore Potash has issued five separate convertible loan notes (CLNs) with an aggregate value of $530 000 and a proposed drawdown date of March 22. Kore holds a 97% stake in... 


Debswana's Jwaneng mine, in Botswana
Debswana builds skills pipeline ahead of expanded operations at Jwaneng
22nd March 2024 By: Marleny Arnoldi

In preparation for Debswana’s upcoming Jwaneng underground project, in Botswana, the company has been fostering local talent and enhancing skills development by recruiting graduate learners in... 


Guinea flag map
Predictive says Bankan PFS to be published in April
22nd March 2024 By: Marleny Arnoldi

ASX-listed Predictive Discovery has informed shareholders that a prefeasibility study on the Bankan gold project, in Guinea, will be published in mid-April, which is later than the initially... 


Burkina Faso Council of Ministers recommends approval for Toega mining permit
22nd March 2024 By: Sabrina Jardim

The Burkina Faso Council of Ministers has recommended approval of the draft decree for the issue of a mining permit for the Toega gold deposit to ASX-listed West African Resources. Consistent with... 


203 ct diamond
Lucapa recovers 203 ct diamond in Angola
22nd March 2024 By: Marleny Arnoldi

ASX-listed Lucapa Diamond Company has recovered a 203 ct type IIa diamond at its 40%-owned Lulo Alluvial operations, in Angola. The diamond is the fifth-largest diamond to be recovered from Lulo... 


An image of the Goulamina lithium project
Leo Lithium continues to engage Malian govt on Goulamina project issues
22nd March 2024 By: Tasneem Bulbulia

ASX-listed Leo Lithium and GFL International (Ganfeng) continue to engage with the Mali government in an attempt to resolve current issues relating to the Goulamina lithium project in the country.... 


Tormin mine exploring alternative water arrangements following damage to dam
22nd March 2024 By: Tasneem Bulbulia

Management at the Tormin mineral sands mine in South Africa, held by ASX-listed Mineral Commodities’ 50%-owned subsidiary Mineral Sands Resources (MSR), have reported that there has been damage to... 


Small-scale mining operations
LBMA seeking to integrate small and artisanal miners into the legitimate gold supply chain
22nd March 2024 By: Rebecca Campbell

Independent precious metals authority LBMA has launched a major initiative to support the integration of artisanal and small-scale mining (ASM) into the legitimate global gold supply chain, through... 


Glencore nonexecutive director John Wallington
Glencore bids Coates farewell, appoints Wallington nonexec director
22nd March 2024 By: Marleny Arnoldi

Global miner Glencore has announced the retirement of board member Peter Coates effective May 29, after a 30-year association with Glencore. He joined the Glencore board in 2011 and has served as... 


Namibia Mines and Energy Minister Tom Alweendo (left) and German Federal Minister for Economic Affairs and Climate Protection Dr Robert Habeck.
$10-billion Namibian green hydrogen project receives major German boost
22nd March 2024 By: Martin Creamer

Namibia’s first gigawatt scale green hydrogen project – the $10-billion Hyphen development scheme – this week received a major boost from Germany. The boost came in the form of the German... 


An image showing Centamin's Sukari gold mine
Centamin achieves 25% y/y increase in Ebitda
22nd March 2024 By: Tasneem Bulbulia

Established gold miner Centamin achieved a 25% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation to $398-million for the year ended December 31, 2023,... 


AECI, Copper 360, public-private partnership make headlines
AECI, Copper 360, public-private partnership make headlines
22nd March 2024

In this week's episode of Second Take, Mining Weekly Editor Martin Creamer talks about the AECI being on track become a global top 3 player in the industry by 2030; Copper 360's first concentrate... 


Glencore's head office
More investors push Glencore to keep coal post Teck deal
22nd March 2024 By: Reuters

A growing group of Glencore investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit, with one eye on its financial outlook and another on the... 


Magazine cover image
Unprecedented crime levels threaten mining’s sustainability
22nd March 2024 By: Marleny Arnoldi

Amid South Africa’s ticking of all the boxes for a fertile environment for organised crime – economic inequality, rampant crime, widespread government corruption and poorly performing State organs... 


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pqt: 1.444s - ct: 1.514s - 348pq - 2rq
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