Gemfields sells fewer emeralds as economic turbulence, conflicts take their toll

Only 61% of emeralds on offer at Johannesburg- and London-listed Gemfields' latest auction were sold, resulting in total auction revenues of $10.8-million and an average sales price of $4.47/ct.... 

Lucara recovers sixth diamond larger than 1 000 ct at Karowe

Canada-headquartered Lucara Diamond Corp has recovered a 1 094 ct rough diamond from its Karowe mine, in Botswana. This is the sixth diamond weighing more than 1 000 ct to be recovered at the mine... 

Jervois ends formal divestment process for NSW project

Cobalt and nickel producer Jervois has formally ended the divestment process for its Nico Young project, in New South Wales, Australia, citing volatility in the nickel markets. Jervois, which also... 

Nuclear energy procurement discussed at summit

Engineering News editor Terence Creamer discusses some of the issues raised during a nuclear summit hosted by the Department of Mineral Resources and Energy this week. 

Christopher Paterson

This week we profile Christopher Paterson, MD of Associated Energy Services, which is involved in the operation and management of industrial energy assets, with a focus on steam-generating assets 

EIB, FirstRand Bank boost renewables investment in South Africa with R7.9bn initiative

The European Investment Bank (EIB) and FirstRand Bank have announced a €400-million (R7.9-billion) joint initiative to invest in renewable-energy infrastructure and energy efficiency projects in... 

South Africa's mining output down 1.4% y/y in July

South Africa's mining production decreased by 1.4% year-on-year in July, Statistics South Africa reports. The largest negative contributors were iron-ore (-19% and contributing -2.8 percentage... 

Anderson resigns as Andromeda CEO and MD

South Australian mining company Andromeda Metals on Thursday announced the resignation of Luke Anderson as CEO and MD, citing the state of his health. Sue-Ann Higgins has assumed the role of... 

Belararox expands with Kalahari copper buy

Australia-listed Belararox has announced a binding agreement to acquire a large, 4 286 km² exploration package in the Kalahari Copper Belt of Botswana. The Kalahari Copper Belt hosts several... 

Energy Fuels advances restart work at ‘priority resource’ Nichols Ranch

Denver-based Energy Fuels is advancing work to prepare for a possible July 2025 restart of production at the Nichols Ranch uranium mine, in Wyoming. To restart production at the... 

1Moz reserve allows Catalyst to double production for A$31m

ASX-listed Catalyst Metals has unveiled its three-year production guidance and announced an increased ore reserve estimate of one-million ounces of gold. These reserves provide the foundation for... 

Thungela, Council for Geoscience to collaborate on emission reduction technology research

Thermal coal producer Thungela Resources and the Council for Geoscience (CGS) have signed a memorandum of understanding (MoU) to advance research into emission reduction technologies, focusing on... 

M&R's attributable loss narrows to R138m

Engineering and contracting services company Murray & Roberts (M&R) has substantially narrowed its attributable loss to R138-million for the financial year ended June 30, from the loss of... 

Sibanye appoints new nonexec director

Multinational mining and metals processing group Sibanye-Stillwater has appointed Terence Mncedisi Nombembe as independent nonexecutive director, with effect from September 11. Nombembe, a South... 

Great Bear PEA supports acquisition thesis – Kinross

Canada-based senior gold miner Kinross Gold has completed a preliminary economic assessment (PEA) for the Great Bear project, in Red Lake, Ontario. The PEA outlines a high-grade combined openpit... 

Aura notes improved Tiris project economics, increased production target

ASX- and Aim-listed Aura Energy has reported a 44% increase in life-of-mine (LoM) production at its Tiris uranium project, in Mauritania, to 43.5-million pounds of triuranium octoxide (U3O8), as... 

Deep Yellow confident upgraded reserves will extend Tumas project's life to over 35 years

ASX-listed Deep Yellow has announced an updated mineral resource estimate for the Tumas 1, 1 East, Tumas 2 and Tumas 3 deposits, at its Tumas project, in Namibia, with measured and indicated... 

Gem recovers 126.21 ct diamond

LSE-listed Gem Diamonds has recovered a 126.21 ct Type II white diamond at the Letšeng mine, in Lesotho, on September 6. This is the twelfth diamond greater than 100 ct recovered at the mine this... 

Ivanhoe plans to replicate DRC successes in Zambia

Canadian mining company Ivanhoe Mines, which is advancing base metal and platinum group metal projects in the Democratic Republic of Congo and South Africa, has entered into a memorandum of... 

Anglo American South Africa raises R7.2bn through sale of some Amplats shares

Anglo American South Africa, a subsidiary of diversified miner Anglo American, has sold 13.94-million shares of Anglo American Platinum (Amplats) at a price of R515 a share, raising gross proceeds... 

Arafura makes new board appointment

ASX-listed Arafura Rare Earths has announced the appointment of Ian Murray as to its board as a nonexecutive director. Chartered accountant Murray brings more than 30 years of experience in... 

Trilogy’s Giardini joins Alamos Gold board

Canada-based intermediate gold producer Alamos Gold on Tuesday announced the appointment of Tony Giardini to its board of directors. Giardini is currently CEO of Trilogy Metals. He previously... 

GMIN to acquire Brazil project from BHP

TSX-listed G Mining Ventures (GMIN) on Monday announced an agreement to acquire tenements in the Gurupi gold belt, in Brazil, from BHP. This includes the CentroGold project, in Maranhão,... 

Kincora secures new ground in Australia’s Macquarie Arc

Dual-listed Kincora Copper has been awarded three new licences, covering 1 377 km2, on Australia’s main porphyry copper/gold geological province. Pegged as open ground, the new licences, comprising... 

Ameriwest reduces land holdings

Exploration company Ameriwest Lithium has announced steps to reduce its property portfolio, citing low lithium prices, poor equity markets for lithium explorers and increasing regulatory costs.... 

Nexus raises cash for Wallbrook project

ASX-listed Nexus Minerals on Friday announced a A$4.1-million capital raise to support its Wallbrook project in the Eastern Goldfields of Western Australia. The company received firm commitments... 

Macmahon wins mining contract in Indonesia

Australian mining services group Macmahon Holdings has been selected by PT Citra Palu Minerals (CPM) as the mining services contractor for the Poboya gold project, in Sulawesi, Indonesia. The... 

Laramide pursues Kazakh uranium exploration opportunity

Dual-listed Laramide Resources is pursuing a greenfield uranium exploration opportunity in Kazakhstan, announcing a three-year option agreement with a company that has a 6 000 km2 land position in... 

Perpetual MD transitions to exec director role, takes salary cut

Robert Benussi, who has been acting in the capacity of MD of Perpetual Resources, will transition to the role of executive director. He also offered to reduce his cash remuneration by 50%, from... 

Dirk Steinberg

This week we profile Dirk Steinberg, CEO and financial director of Kwikspace Modular Buildings, a fabricator of modular buildings and components for sales and rental markets across various industries 

Blencowe, partners plan JV to establish a graphite beneficiation facility in Uganda

LSE-listed Blencowe Resources has signed a memorandum of understanding (MoU) with Singaporean graphite sales and marketing specialist Triessence and an Asian spheronised purified graphite (SPG) and... 

Pan African flags increased earnings on the back of higher gold sales, prices

Gold producer Pan African Resources expects to report headline earnings per share (HEPS) of between $0.04 and $0.043 for the financial year ended June 30. That represents an increase of between 27%... 

Sibanye achieves Level 4 BBBEE accreditation

Multinational mining and metals processing group Sibanye-Stillwater reports that it has improved its broad-based black economic empowerment (BBBEE) rating to Level 4, from Level 6 in 2023 and Level... 

Gemfields notes robust demand for commercial-quality sapphire, ruby during its latest auction

Johannesburg- and London-listed gemstone miner Gemfields received revenue of $2.3-million from the auction of predominantly commercial-quality sapphire, corundum and commercial-quality ruby from... 

Gem recovers 122.2 ct diamond at Letšeng

London-listed Gem Diamonds has recovered a 122.2 ct Type II white diamond at its 70%-owned Letšeng mine, in Lesotho. This is the eleventh diamond weighing more than 100 ct to be recovered at the... 

Mining starts at Westgold’s South Junction

ASX- and TSX-listed Westgold has started mining of the South Junction Lode in the Bluebird-South Junction mining complex at Meekatharra, Western Australia.   MD and CEO Wayne Bramwell has described... 

Alamos to triple Mulatos mine life with underground development

Toronto- and New York-listed Alamos Gold has announced the results of a positive internal economic study completed on its Puerto Del Aire (PDA) project – a high-grade underground deposit adjacent... 

Kairos banks first A$10m under Pilbara tenement sales agreement

Gold explorer Kairos Minerals has banked the first A$10-million under its A$20-million agreement to sell noncore Mt York ground to ASX-listed miner Pilbara Minerals. Kairos sold six prospecting... 

Highland appoints Copperwood project director

TSX-V-listed Highland Copper has appointed Wynand van Dyk as project director for the Copperwood project, in Michigan, US. Van Dyk is a senior executive with 30 years of experience in mining,... 

Kingsrose earns 51% in Råna, Norway

Mineral exploration company Kingsrose Mining has earned a 51% interest in the Råna nickel/copper/cobalt project, in Finland, by incurring $3-million of expenditure and drilling more than 5 000 m....