R/€ = 19.7509 Change: -0.1081
R/$ = 18.1300 Change: -0.1734
Au 1975.62 $/oz Change: 5.80
Pt 989.30 $/oz Change: 4.36


Ionic's Uganda project proves profitable

By: Esmarie Iannucci     20th March 2023 The Stage 1 development of the Makuutu rare earths project, in Uganda, will require a capital investment of $120.8-million to support the five-million tonne a year project, which would deliver40 090 t of rare earth oxide equivalent product. ASX-listed Ionic Rare Earths on Monday told... 

A$15bn NRF Bill advances

By: Esmarie Iannucci     9th March 2023 The federal government’s National Reconstruction Fund (NRF) Corporation Bill has passed the House of Representatives. The Bill will establish the NRF which will invest A$15-billion across priority areas of the economy including renewables and low emissions technologies, medical science,... 

Chinese investment in rare earth miner blocked after advice, Australian Treasurer says 

By: Reuters     1st March 2023 Australia's government has blocked a Chinese investor from raising its stake in a rare earths mining company on the advice of the Foreign Investment Review Board, Treasurer Jim Chalmers said on Wednesday. Reuters first reported on Tuesday that Chalmers had blocked Yuxiao Fund, which is the... 

Mpumalanga issued directive by national govt to step up efforts to break coal dependency

By: Yvonne Silaule     24th February 2023 The Mpumalanga Provincial Government is, in partnership with the Presidential Climate Commission, the Climate Investment Fund and the World Bank, exploring plans to diversify local economic activity to reduce its dependency on coal. Premier Refilwe Mtshweni-Tsipane noted during her provincial... 

Company provides solutions to combat local industry decline

By: Leah Shelene Asaram     24th February 2023 Despite the current state of the South African defence industry not being what it was two decades ago, protected mobility specialists OTT Group of companies is providing solutions to not only save the industry but to also enable longevity. The OTT Group, together with sister company OTT... 

Advancement of NICO project exceeds C$135-million spend

By: Leah Shelene Asaram     10th February 2023 Mining company Fortune Minerals has invested more than C$135-million to advance its NICO cobalt/gold/bismuth/copper project from an in-house discovery to a near shovel-ready vertically integrated critical minerals asset with a positive feasibility study, environmental assessment approval, and the... 

Rapid renewables roll-out key to tackling loadshedding, but OCGTs ‘only short-term defence'

By: Terence Creamer     6th February 2023 An increased use of the diesel-fuelled open cycle gas turbines (OCGTs) represents South Africa’s only short-term defence against higher levels of economically damaging loadshedding, a new analysis of the country’s power crisis shows. However, the new Meridian Economics briefing note also makes a... 

US urged to ‘walk the talk’ on minerals security

By: Mariaan Webb     6th February 2023 The US is more reliant than ever for the minerals that it needs for its manufacturing, technology, energy, transportation, infrastructure and defence sectors and it is time for the country to “walk the talk” on minerals security, says the National Mining Association (NMA). Commenting on the US... 

Brazilian authorities back BHP's play for Oz Minerals

By: Esmarie Iannucci     6th February 2023 Brazil’s Administrative Council for Economic Defence has given mining major BHP approval for its proposed acquisition of ASX-listed Oz Minerals. The two companies in December entered into a scheme implementation deed and the Oz Minerals directors unanimously recommended that shareholders accept... 

Rio thankful for radioactive capsule's find

By: Esmarie Iannucci     2nd February 2023 Major Rio Tinto has expressed its gratitude to Western Australia’s Department of Fire and Emergency Services for coordinating the successful search effort to locate a missing capsule lost while in transit from the company’s Gudai-Darri iron ore mine in the Pilbara, Western Australia. The... 

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