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Arizona Lithium starts production drilling at Prairie project
Arizona Lithium starts production drilling at Prairie project
27th May 2024 By: Creamer Media Reporter

Australia-listed Arizona Lithium on Monday announced the initiation of production drilling at its Prairie lithium project, in Saskatchewan, marking a milestone in Canada’s lithium industry. The commencement of drilling operations on Pad #1... 


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Anglo's South African corporate head office
BlackRock encouraged Anglo to extend talks with BHP, source says
27th May 2024 By: Reuters

Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6-billion pound ($49.18-billion) mining merger, a person... 


Perseus gets back to drilling in Sudan as conflict eases
27th May 2024 By: Darren Parker

ASX- and TSX-listed Perseus Mining has restarted drilling work at its Meyas Sands gold project, in Sudan. This initial drill programme, which restarted on May 20, is aimed at testing high-priority... 


Neil Woodyer
Aris Mining plans smaller-scale Soto Norte development, ups stake to 51%
24th May 2024 By: Creamer Media Reporter

Toronto- and New York-listed Aris Mining is set to increase its shareholding in the Soto Norte project, in Colombia, to a controlling interest of 51%. The company will acquire an addition31% joint... 


Spanish Mountain employs technology to be more sustainable
27th May 2024 By: Creamer Media Reporter

Vancouver-based Spanish Mountain Gold has partnered with technology group Andritz and utility BC Hydro to reduce the carbon intensity of its proposed namesake mine in the Cariboo gold corridor, in... 


PCC executive director Dr Crispian Olver
Delayed coal decommissioning won’t ‘collapse our climate commitments’
Updated 4 hours ago By: Terence Creamer

The Presidential Climate Commission (PCC) is currently assessing the impact of South Africa’s decision to delay the decommissioning of the Hendrina, Grootvlei and Camden coal-fired power stations... 


drilling at khan
Madison intersects strong uranium mineralisation at Khan
Updated 4 hours ago By: Darren Parker

Uranium exploration company Madison Metals has reported that reverse circulation (RC) drill hole KM5RC003 at its Khan project, in Namibia, has intersected strong uranium mineralisation over... 


IonicRE, Less Common Metals collaborate on expanding magnet rare earths supply chain
Updated 5 hours ago By: Sabrina Jardim

ASX-listed Ionic Rare Earths (IonicRE) has signed a nonbinding memorandum of understanding (MoU) with UK-based metals and alloy manufacturer Less Common Metals (LCM) to work collaboratively on... 


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A BHP logo on a building
JPMorgan says BHP plan risks $4.3bn South Africa outflow
Updated 5 hours ago By: Bloomberg

A successful takeover of Anglo American under the arrangements BHP Group has offered could lead to outflows of $4.3-billion from South Africa, according to a JPMorgan Chase & Co. analysis. Such an... 


Valuable use of ruthenium being researched.
Ruthenium highlighted again in what could be another big boost for platinum group metals
Updated 5 hours ago By: Martin Creamer

Ruthenium, one of the six platinum-group metals (PGMs), is once again being given major research attention in view of it being exceptionally suited to uplifting the efficiency and sustainability of... 


BHP and Rio Tinto will receive Caterpillar and Komatsu battery-electric haul trucks for trialling purposes, with the outcomes to be shared between the two companies, as well as for further development purposes by the original equipment manufacturers
BHP, Rio Tinto collaborate to expand battery-electric haul truck development
Updated 6 hours ago By: Donna Slater

In support of their shared ambitions to reduce carbon emissions and meet a net-zero operational greenhouse-gas emissions target by 2050, diversified miners BHP and Rio Tinto are partnering with... 


Canada’s EDC grants conditional approval for $300m funding to Arafura
Canada’s EDC grants conditional approval for $300m funding to Arafura
Updated 6 hours ago By: Mariaan Webb

Export Development Canada (EDC) has conditionally approved $300-million in debt financing for the Nolans rare earths project, near Alice Springs in the Northern Territory. The funding package... 


Panellists discuss graphite demand and rare earth supply chains at Junior Indaba
27th May 2024 By: Sabrina Jardim

With growing demand for electric vehicles, yearly graphite supply needs to be about four times higher in 2030, and about nine times higher in 2040, than at present, owing to its use in energy... 


Toubani strengthens its board as it advances Kobada DFS
27th May 2024 By: Darren Parker

ASX-listed Toubani Resources has announced several changes to its board of directors and study management team to drive the delivery of the definitive feasibility study (DFS) for the Kobada gold... 


Many Peaks starts major drill programme at Côte d’Ivoire project
27th May 2024 By: Marleny Arnoldi

ASX-listed Many Peaks Minerals has started a 6 500 m diamond and auger drilling campaign on the Odienné project, in Côte d’Ivoire. One thousand metres of diamond drilling is planned for five... 


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Morila mine, in Mali
Firefinch, Morila served with arbitration notice over payment dispute
27th May 2024 By: Marleny Arnoldi

ASX-listed Firefinch has received a notice of arbitration from mining services contractor Enterprise Générale Traoré et Frères (EGTF), in Mali. EGTF also named Société des Mines de Morila... 


Angolan flag
Pensana lauds Angola’s performance in this year’s Fraser Institute rankings
27th May 2024 By: Marleny Arnoldi

London-listed Pensana commends the government of Angola for instilling attractive policies and growing interest in the country’s exploration potential. This comes as the country recorded an... 


Five killed after informal gold mine collapses in northern Kenya
27th May 2024 By: Reuters

At least five people were killed and several others were missing after an informal gold mine collapsed in northern Kenya, officials and local media said. The bodies of five miners have been... 


A truck delivering coal to a power station
Uncertainty over coal jobs ahead of South Africa elections
27th May 2024 By: Reuters

Growing up surrounded by the towering smokestacks of coal-fired power stations, 22-year-old Siya Mokoena's life is inextricably linked to the coal industry that dominates his hometown of Emalahleni... 


South32 strikes Queensland earn-in deal with Hammer
27th May 2024 By: Creamer Media Reporter

Diversified mining company South32 is set to earn into ASX-listed Hammer Metals’ Isa Valley project, in north-west Queensland. Hammer unveiled the earn-in agreement on Monday, stating that South32... 


Adam Handley's core focus will be on strategic stakeholder engagement.
Northern Minerals appoints new chair as Curtis resigns
27th May 2024 By: Mariaan Webb

Heavy rare earths firm Northern Minerals has replaced Nicholas Curtis as chairperson, appointing Adam Handley as part of a board restructuring. Curtis has taken on the role of strategic adviser of... 


The Endeavor zinc mine in Cobar
Polymetal and MAC form Cobar mine alliance
27th May 2024 By: Mariaan Webb

The stock of ASX-listed base metals miner Polymetals Resources jumped 21% on Monday as the company announced a strategic alliance with, and investment by, ASX- and NYSE-listed Metals Acquisition... 


Sector News

Magazine

Magazine round up | 24 May 2024
Magazine round up | 24 May 2024

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

SUBSIDY REINSTATED: The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola Tinubu halted the subsidy at in mid-2023 to help government repair its finances. However, the removal and a devaluation of the naira, led fuel prices to more than triple, fanning inflation and protests. The IMF said it expects the fuel subsidy to be phased out within two years, as a cash-transfer programme was implemented to cushion poor consumers. Photograph: Bloomberg
SUBSIDY REINSTATED

The International Monetary Fund (IMF) estimates that the reintroduction of a gasoline subsidy in Nigeria could consume almost half of the country’s projected oil revenue this year. President Bola... 

Photo of Martin Creamer
Green energy collaboration a must to reindustrialise South Africa

The industrialisation that South Arica has lost in the last few decades can be more than regained by the country collaborating fully when it comes to green electrons, green molecules and the new... 

Photo of Terence Creamer
Unintended consequences?

It is highly unlikely that South Africa would have made the progress it has in stabilising electricity supply and setting in place initiatives to halt the collapse of the country’s... 

Business Leader

 	Mike Benfield, Group CEO of Macsteel Service Centres South Africa
Mike Benfield

This week we profile Mike Benfield, Group CEO of Macsteel Service Centres South Africa, a merchandiser and distributor of steel and value-added steel products 



DEVASTATING: The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state – including the state of safety – of South Africa’s building and construction industry. The industry today is almost unrecognisable from what it was before so many of the country’s listed building majors either closed due to financial distress or exited the sector.
DEVASTATING

The deadly collapse of a building in George while under construction is simply devastating for the families of the workers who perished. It has also raised a number of questions about the state –... 

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