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Skeena secures $750m for Eskay Creek project
Skeena secures $750m for Eskay Creek project
Updated 3 hours ago By: Mariaan Webb

Dual-listed Skeena Resources on Tuesday announced a financing package totalling $750-million, equivalent to more than C$1-billion, for the development, construction and working capital required for the Eskay Creek gold and silver project, British... 


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Cosmos enhances Nunavut uranium portfolio
25th June 2024 By: Mariaan Webb

Australia-headquartered Cosmos Exploration has secured two additional prospective uranium projects, Angilak West and Nut Lake South, located in the emerging uranium mining district of the Thelon... 


The Douay gold project
Maple gains full ownership of Quebec projects from Agnico
24th June 2024 By: Creamer Media Reporter

TSX-V-listed Maple Gold has consolidated ownership of the multi-million ounce Douay gold project and past-producing Joutel gold project, in Quebec. This follows the restructuring agreement between... 


Calibre's El Limon complex in Nicaragua
B2Gold sells C$139m Calibre shares
24th June 2024 By: Creamer Media Reporter

Vancouver-headquartered B2Gold has announced the sale of 79-million shares of Calibre Mining for gross proceeds of C$139.04-million. Immediately prior to the transaction, announced on Friday,... 


OceanaGold receives $30m for Blackwater sale
24th June 2024 By: Mariaan Webb

Toronto-listed OceanaGold has completed the previously announced sale of its interest in the Blackwater project, in New Zealand, following the receipt of all required regulatory approvals. As... 


Heavy rains in Chile cause mining tailing overflow
25th June 2024 By: Reuters

s heavy rains continue to pummel Chile, cutting off areas of the country and damaging thousands of homes, one community is dealing with a tailings dam rupture that has sent heavy metals throughout... 


Linda Lourie appointed HyProMag USA advisory board director
24th June 2024 By: Tasneem Bulbulia

TSX-V-listed CoTec Holdings and Aim- and TSX-V-listed Mkango Resources have appointed Linda Lourie as an advisory board director for their joint venture (JV), HyProMag USA, effective June 24.... 


Mayur makes new plans for PNG project following VBR investment cancellation
Mayur makes new plans for PNG project following VBR investment cancellation
Updated 2 hours 27 minutes ago By: Mariaan Webb

Following the termination of an investment agreement between Mayur Resources and Vision Blue Resources (VBR) for the Central Lime Project (CLP), the developer on Tuesday announced a new potential... 


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South Africa could leverage its potent solar and wind resources to power green manufacturing
‘Second wave’ of Operation Vulindlela set to prioritise ‘green and digital’ growth
Updated 3 hours ago By: Terence Creamer

The ‘second wave’ of government’s Operation Vulindlela initiative is poised to be widened to include additional structural reforms to those that have been pursued to date in electricity, freight... 


Barrick Gold chairperson John Thornton
Business model of Western mining industry needs new power, London Indaba highlights
Updated 3 hours ago By: Martin Creamer

New power is needed by the Western mining industry, which is still functioning on a trailing old power business model. This was highlighted at Tuesday’s London Indaba, where a spotlight was shone... 


Exxaro CFO Riaan Koppeschaar
Exxaro weighing options for Australian coal JV amid Anglo's planned exit
Updated 3 hours ago By: Reuters

Exxaro Resources is weighing its options for its Australian coal joint venture project with Anglo American following the mining giant's planned exit from the business, an executive said on Tuesday.... 


Letlhakane infill drilling delivers high-grade intercepts
Updated 4 hours ago By: Sabrina Jardim

In an update on the initial 55 holes of a 180-hole drill programme at its large-scale Letlhakane uranium project in Botswana, ASX-listed Lotus Resources has reported that completed drill holes have... 


Ex-Trafigura metals boss to run new team of 40 at rival Mercuria
Updated 5 hours ago By: Bloomberg

Trafigura Group’s former co-head of metals Kostas Bintas is joining Mercuria Energy Group together with several of his ex-colleagues, to spearhead an aggressive push into metals in one of the... 


Exiting coal isn’t the way to net zero, Australian pension says
Exiting coal isn’t the way to net zero, Australian pension says
Updated 5 hours ago By: Reuters

Blacklisting the coal industry won’t get the world to net zero emissions, according to an Australian pension fund that says such exclusions ultimately slow down the transition to a low-carbon... 


Aluminium prices under pressure, but brighter prospects on the horizon
Aluminium prices under pressure, but brighter prospects on the horizon
Updated 5 hours ago By: Reuters

Weak global manufacturing has hit aluminium prices, but the impact is likely to be short-lived as the physical market is tight, including in top consumer China. A deficit in top producer China -... 


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Drilling at Khan
Madison confirms high-grade uranium deposits after completing maiden drill programme at Khan
Updated 7 hours ago By: Darren Parker

Uranium exploration company Madison Metals has completed its maiden reverse circulation (RC) drill programme of 997 m over nine holes at its Khan uranium project at Madison West, located in... 


Kodal drilling operation
Kodal confirms lithium extension into Boumou prospect on Bougouni licence
Updated 7 hours ago By: Marleny Arnoldi

Aim-listed lithium developer Kodal Minerals has confirmed further mineralised extensions on the Boumou prospect, within the Bougouni lithium project, in Mali. The company has determined that... 


An image showing Orion Mineral's Prieska mine
Orion’s shares halted ahead of capital raising announcement
Updated 7 hours ago By: Tasneem Bulbulia

JSE- and ASX-listed Orion Minerals’ shares will be placed in a trading halt, pending the release of an announcement regarding a capital raising. Orion expects to make an announcement to the market... 


An image of Marula Mining CEO Jason Brewer
Marula signs export logistics agreement for Kenyan mine
Updated 7 hours ago By: Tasneem Bulbulia

Africa-focused mining and development company Marula Mining has entered into an export logistics agreement with Scan Global Logistics (SGL) Group’s Kenya-based subsidiary, SGL Kenya, for the... 


Blencowe nears completion of 600 t graphite bulk sample
Updated 7 hours ago By: Sabrina Jardim

London-listed Blencowe Resources, together with its Chinese partner Jilin New Technology Graphite Co, is nearly done with processing 600 t of raw material from the Orom-Cross graphite project, in... 


Eramet, BASF cancel plan to invest $2.6bn in refining complex in Indonesia
Updated 7 hours ago By: Reuters

French miner Eramet said on Monday it had decided, along with Germany's BASF, to cancel a $2.6-billion joint investment project in a nickel-cobalt refining complex in Weda Bay, Indonesia. "After a... 


MRC becomes sole owner of Munglinup graphite project
25th June 2024 By: Creamer Media Reporter

Mineral sands and graphite company Mineral Commodities Limited (MRC) has reached an in-principle agreement with Gold Terrace, its joint venture (JV) partner in the Munglinup project, settling a... 


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Magazine

Magazine round up | 21 June 2024
Magazine round up | 21 June 2024

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

EXPORT SHIFT: Volkswagen South Africa (VWSA) is sceptical about South Africa’s plans to produce electric vehicles for export to developed markets and is instead focusing on sustaining outlets for its internal combustion engine vehicles, notably the Polo, seen here being assembled at its Kariega plant. VWSA MD Martina Biene is quoted by Bloomberg as saying that Europe “won’t call on us to make battery electric vehicles” as there is enough capacity on the continent where transport costs are lower. Photograph: Bloomberg
EXPORT SHIFT

Volkswagen South Africa (VWSA) is sceptical about South Africa’s plans to produce electric vehicles for export to developed markets and is instead focusing on sustaining outlets for its internal... 

Photo of Martin Creamer
Democratisation of South Africa’s public market system is a must

South Africa’s democracy is 30 years old but, in that time, its public market system has failed to be democratised. Admittedly, large institutions on the Johannesburg Stock Exchange are investing... 

Photo of Terence Creamer
Defusing CBAM

South Africa is strenuously opposing the European Union’s (EU’s) Carbon Border Adjustment Mechanism (CBAM) that, under its evolving design and coverage, could have a significant impact on the... 

Business Leader

Ingrid Osborne, CEO of Saryx
Ingrid Osborne

This week we profile Ingrid Osborne, CEO of Saryx, which specialises in integration solutions for industrial control and automation, ICT, rail monitoring, and document management and compliance 

PORT PRESSURES
PORT PRESSURES

The World Bank Port Index, which ranked South African ports near to the bottom of the global pile, is backward-looking and is, thus, not fully reflective of recent efforts made to address... 

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