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Taseko restarts mining at Gibraltar
Taseko restarts mining at Gibraltar
19th June 2024 By: Mariaan Webb

Midtier copper miner Taseko Mines is resuming operations at its Gibraltar mine, in British Columbia, on Wednesday, as a labour agreement have been ratified. The company announced earlier this week that it had reached an agreement with the union... 


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Central banks to increase gold holdings in next 12 months - World Gold Council
Central banks to increase gold holdings in next 12 months - World Gold Council
18th June 2024 By: Schalk Burger

More than eight in ten, or 81%, of respondents to the 2024 Central Banks Gold Reserves survey said they expect reserve managers to continue to increase their gold holdings in the next 12 months.... 


US Senate passes bill to support advanced nuclear energy deployment
US Senate passes bill to support advanced nuclear energy deployment
19th June 2024 By: Reuters

The US Senate on Tuesday passed a bill to accelerate the deployment of nuclear energy capacity, including by speeding permitting and creating new incentives for advanced nuclear reactor... 


Galantas’ Omagh trial stoping proves viability of mining method
18th June 2024 By: Tasneem Bulbulia

TSX-V-listed Galantas Gold has completed its trial stoping programme at the Cavanacaw gold mine at the Omagh project in county Tyrone, Northern Ireland. This programme has enhanced the company’s... 


Coal India exploring lithium assets in Argentina with US company, says source
18th June 2024 By: Reuters

State-run Coal India Limited is exploring lithium blocks in Argentina along with a US company to secure supplies of the battery material, an Indian source with direct knowledge said on Tuesday.... 


New wagons being built for use on the Lobito railway corridor
South African manufacturer to provide 275 new container wagons to Lobito railway project
19th June 2024 By: Darren Parker

Joint venture (JV) company Lobito Atlantic Railway (LAR), which is the concession holder for the operation, management and maintenance of the Lobito Corridor spanning Zambia, Angola and the... 


NGX makes appointments to drive graphite downstream strategy
19th June 2024 By: Creamer Media Reporter

African graphite explorer NGX has appointed Peter Fox and Surinder Ghag to lead and manage the company’s downstream qualification processes and development strategy for producing battery anode... 


Errol Smart
South Africa now a compelling world investment story, upbeat Orion highlights
19th June 2024 By: Martin Creamer

“The sun is finally shining on us,” an upbeat Orion Minerals CEO Errol Smart enthused during an Australia/South Africa webinar on Wednesday, when he outlined how South Africa has become one of the... 


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Aton further develops Abu Marawat gold concession with promising results
19th June 2024 By: Darren Parker

TSX-V-listed gold exploration and mining company Aton Resources has recently carried out further sampling and mapping programmes over several regional targets at the company’s Abu Marawat... 


A poster for the Shining Light Awards
De Beers opens entries for this year’s Shining Light Awards
19th June 2024 By: Sabrina Jardim

Diamond Miner De Beers has announced that entries for the 2024 Shining Light Awards (SLA) jewellery design competition are officially open. The competition falls under the De Beers Group Designers... 


New Red 5 leadership takes office
19th June 2024 By: Mariaan Webb

Following its merger with Silver Lake, ASX-listed Red 5 on Wednesday implemented key changes to the executive leadership team and its board. Mining engineer Luke Tonkin, previously MD and CEO of... 


Diamcor seeks to extend closing of second tranche of revised private placement
19th June 2024 By: Darren Parker

Diamond mining company Diamcor Mining is seeking to extend the closing of the second tranche of its non-brokered revised private placement following its announcement on June 4 that it had closed... 


Infinity Lithium’s San Jose project declared of regional interest
Infinity Lithium’s San Jose project declared of regional interest
19th June 2024 By: Mariaan Webb

The regional government of Extremadura, Spain, has awarded Premia status to Infinity Lithium’s San José, streamlining the permitting process for the lithium venture. The ASX-listed company’s... 


Resources Watch
Resources Watch
19th June 2024

This week: Copper 360 on home straight to produce quite a bit of cash, CEO reports; Reserve Bank concern about decline of public markets welcome development; and, Artificial intelligence used to... 


Carson block raises money to bet on rising metals and mining stocks
19th June 2024 By: Bloomberg

Carson Block, who made his name betting against companies, is gathering money for a fund that will bet on rising metals and mining stocks. The Muddy Waters Resources Fund filed a private placement... 


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Webinar - ESG in Mining
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Richards Bay Minerals GM for Growth Strategy Bradley Reddy.
Fast-greening Richards Bay Minerals now eyeing on-site renewables, storage, aggregation
19th June 2024 By: Martin Creamer

Energy-intensive Richards Bay Minerals (RBM), which consumes an average of 1.8 terawatts of power a year, was able to secure its latest 140 MW wind energy power purchase agreement (PPA) in six... 


MinRes to shut Yilgarn iron-ore mine
MinRes to shut Yilgarn iron-ore mine
19th June 2024 By: Mariaan Webb

Diversified miner Mineral Resources (MinRes) will shut its Yilgarn iron-ore mine, in Western Australia’s Goldfields region, at the end of the year. The decision, announced on Wednesday, follows... 


China is building Europe battery supply in Morocco, VW unit says
19th June 2024 By: Bloomberg

China is building a battery supply chain for Europe in Morocco, as the continent struggles to develop its own industry to feed electric-car manufacturing, PowerCo’s operations head said. “We don’t... 


Rubies produced at the Montepuez mine
Gemfields earns $68.7m in revenue from June ruby auction
19th June 2024 By: Tasneem Bulbulia

London-listed Gemfields Group recorded total auction revenues of $68.7-million from the June auction of mixed-quality rough rubies recovered from the Montepuez ruby mine, in Mozambique. The group... 


The Lubambe mine in Zambia
JCHX closes in on Zambian copper mine deal as China tightens Africa grip
19th June 2024 By: Reuters

JCHX Mining is close to concluding a deal to buy Zambia's Lubambe Copper Mine, two sources told Reuters, in the latest in a string of copper deals by Chinese companies intent on growing their... 


Fortescue is the world's fourth-biggest iron-ore miner
US-based Capital Group sells Fortescue shares worth A$734m
19th June 2024 By: Reuters

US-based investment management firm Capital Group Companies has sold shares worth A$733.9-million in Australian miner Fortescue, according to an exchange filing on Wednesday. The announcement came... 


Sierra Rutile reports Area 1 fatality
19th June 2024 By: Creamer Media Reporter

ASX-listed Sierra Rutile has suspended operations at a part of Area 1, Sierra Leone, to conduct a review into the death of a worker on site on Monday. Expressing the company’s condolences, MD... 


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Magazine cover image
Magazine round up | 14 June 2024

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

FUNDING APPETITE: The Asian Infrastructure Investment Bank (AIIB), which is headquartered in Beijing, plans to invest $1-billion in projects across Africa, where only 4% of the $52-billion it has financed since its inception eight years ago has been directed. AIIB president Jin Liqun reports it has a pipeline of seven projects in Africa, which it is seeking to build further, while there is also interest from African members to issue Panda bonds. Photograph: Bloomberg
FUNDING APPETITE

The Asian Infrastructure Investment Bank (AIIB), which is headquartered in Beijing, plans to invest $1-billion in projects across Africa, where only 4% of the $52-billion it has financed since its... 

Photo of Martin Creamer
South Africans must vociferously demand fruitful public-private economic collaboration

The South African people must go all out for force the public and private sectors to collaborate fully in growing our economy. Jobs, jobs and more jobs must be the demand of South Africa’s... 

Photo of Terence Creamer
Reality check

Regardless of composition, there are certain realities that South Africa’s new government cannot avoid. The first is an unemployment rate so high that, unless it is reduced materially, there is no... 

Business Leader

Zinhle Simamane, CFO: International Business at Traxtion
Zinhle Simamane

This week we profile Zinhle Simamane, CFO: International Business at Traxtion, a provider of freight and rail services across the African continent 

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COALITION ANGST

Coalitions were always the most likely scenario for a country that selects political representatives using a system based on proportional representation. Nevertheless, actually moving from a... 

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