Vulcan Energy signs €879m conditional debt commitment letter for European lithium project

Australia- and Frankfurt-listed Vulcan Energy has signed an €879-million conditional debt commitment letter with Export Finance Australia and a group of seven commercial banks for the financing of... 

July Ndlovu, Billy Mawasha join AECI board

Chemicals group AECI has appointed July Ndlovu and Billy Mawasha as nonexecutive directors of its board, with effect from July 1. "The addition of Mr Ndlovu and Mr Mawasha to the board of AECI is... 

BHP served with class action proceedings over harassment allegations

Diversified miner BHP has been served with a representative class action proceeding that has been filed in the Federal Court of Australia in relation to allegations of sexual harassment and sex... 

Lucara names 2 488 ct and 1 094 ct diamonds

Canada-headquartered Lucara Diamond Corp has named the 2 488 ct diamond recovered at its Karowe mine, in Botswana, in August Motswedi, which means a water spring or the flow of underground water... 

Auric signs agreement to acquire gold processing plant in WA

Mining and commodity trading company Auric Mining has entered into a letter agreement, subject to due diligence, to acquire the 180 000 t/y Burbanks gold processing facility and related assets and... 

Burgundy sold $93m of diamonds in its fourth quarter sales cycles

ASX-listed Burgundy Diamond Mines, which operates the Ekati mine in Canada, generated revenue of $93-million from two sales cycles in the fourth quarter. Its October sales cycle generated... 

Victory signs nonbinding MoU with Sumitomo for potential offtake of rare earths

ASX-listed Victory Metals has signed a strategic nonbinding memorandum of understanding (MoU) with integrated trading and investment company Sumitomo Corporation. The MoU outlines the proposed... 

Novo Resources to acquire two NSW gold projects

ASX- and TSX-listed Novo Resources Corp has entered into binding term sheets with fellow ASX-listed companies TechGen Metals and Manhattan Corporation to acquire their respective John Bull and... 

Aura raises A$9m to advance Tiris development activities

ASX- and Aim-listed Aura Energy has received firm commitments to raise about A$9-million through the issue of 64.28-million shares at an issue price of A$0.14 a share. Proceeds will be used to... 

GoldHaven to acquire BOA Gold Corp

Canadian junior exploration Company GoldHaven Resources Corp has entered into an amalgamation agreement with BOA Gold Corp, which will result in GoldHaven acquiring BOA and the four high-potential... 

Rugby Resources halts Colombia drill programme to assess impact of regulatory change

TSX-V-listed Rugby Resources has terminated a planned private placement and postponed plans to drill the Cobrasco copper project, in Colombia, in the coming weeks owing to a change to regulations... 

Interra Copper expands landholding in British Colombia

Copper exploration company Interra Copper Corp has acquired the Stellar property, comprising mineral tenures that cover 5 389 ha of prospective ground within the Bulkley Porphyry Belt in northern... 

Silver Crown Royalties to acquire 15% royalty on PPX's Igor 4 project

Canada-based mining company PPX and royalty company Silver Crown Royalties (SCRi) have entered into a royalty agreement for up to 15% of the cash equivalent of silver produced from PPX’s Igor 4... 

First Nation TTN invests in Canada Nickel

First Nation Taykwa Tagamou Nation (TTN) will invest $20-million of its capital in TSX-V-listed Canada Nickel Company for an 8.4% interest in the nickel company. The transaction is aimed at... 

Water 2024/5: Averting a crisis

Creamer Media’s ‘Water 2024/25: Averting a crisis’ report delves into the critical state of South Africa's water sector, challenged by ageing infrastructure, municipal debt, and declining water... 

Heliostar to restart mining at La Colorada

TSX-V-listed Heliostar Metals will restart mining operations at the La Colorada mine, in Mexico, next month, with the key initial focus being the Junkyard stockpile. "Recommencing mining... 

Resolute CEO takes leave after Mali detainment

ASX- and LSE-listed Resolute Mining has announced that CEO Terry Holohan will take a leave of absence from December 13, 2024, until January 31, 2025, following his recent detention in Mali... 

Cole steps down as Iluka chairperson

Rare earths miner Iluka Resources on Friday announced the retirement of chairperson and nonexecutive director Rob Cole. This follows an earlier announcement in November that Cole had taken... 

South32 expects federal approval of Worsley Alumina extension project in early 2025

Globally diversified mining and metals company South32 expects to obtain approval for its Worsley Alumina mine development project – a mine life extension project – from the Western Australia state... 

Dougal Bennett

This week for profile Dougal Bennett, chief commercial cfficer at Mukuru, one of the largest money-transfer providers in Africa and a leading next-generation financial services platform that offers... 

Nine injured in transformer explosion at Matla power station

Nine people were injured at Eskom's Matla power station on December 12 when a transformer exploded, affecting Unit 6. As a precautionary measure, Unit 5 was also taken offline to ensure the safety... 

Liquid Intelligent Technologies extends its Botswana fibre network

Pan-African technology group Liquid Intelligent Technologies has completed its fibre network extension from Ramatlabama to Ramokgwebana. The enhanced independent network spans over 730 km, marking... 

Sarama pursues arbitration over Sanutura project expropriation

TSX-V- and ASX-listed Sarama Resources has officially initiated arbitration proceedings against Burkina Faso over the expropriation of its Sanutura project. The company seeks compensation for the... 

Govt tests market appetitive for Independent Transmission Projects

Engineering News editor Terence Creamer discusses government's plans to pursue private sector participation in the transmission grid; a request for information issued in relation to Independent... 

Lotus reshapes board as Kayelekera restart approaches

ASX-listed Lotus Resources is refining its leadership structure as it advances toward the planned restart of its Kayelekera uranium project in Malawi by the third quarter of 2025. Greg Bittar, who... 

Eldorado Gold hikes mineral reserves

Canadian company Eldorado Gold has announced a 2% increase in its proven and probable gold mineral reserves, solidifying its production outlook for the next decade and beyond. As of September 30,... 

Vulcan Energy launches €100m placement to fund Lionheart project

Emerging renewable-energy and lithium producer Vulcan Energy has announced a €100-million (A$164-million) institutional placement and strategic placement to support the commencement of critical... 

Diatreme signs silica sand offtake MoU with Mitsui & Co

Emerging silica sands developer Diatreme Resources has signed a non-binding memorandum of understanding (MoU) with global trading and investment firm Mitsui & Co. The agreement focuses on the... 

Electricity 2024/25: Tariffs, renewables and transmission challenges

South Africa’s energy crisis hit a peak in 2023, with record loadshedding affecting homes, businesses, and the economy.

Creamer Media’s ‘Electricity 2024/25: Tariffs, renewables and... 

Liontown ships first cargo from Kathleen Valley to long-term customer

ASX-listed Liontown Resources has dispatched its first cargo of spodumene concentrate to LG Energy Solution under a long-term offtake agreement. The shipment, totaling about 33 000 wet metric tons... 

Volt Lithium, Wellspring Hydro to test lithium extraction technology in North Dakota

Calgary-based Volt Lithium has entered into a field study agreement with Wellspring Hydro to trial its proprietary direct lithium extraction (DLE) technology in North Dakota’s Bakken formation.... 

Horizon hauls first ore from Boorara gold project

ASX-listed Horizon Minerals reported on Tuesday that it had started hauling ore from the Boorara gold project, near Kalgoorlie-Boulder, Western Australia. Mining began in August, and the first ore... 

Vista Gold begins feasibility study to redesign Mt Todd gold project

NYSE American- and TSX-listed Vista Gold has launched a feasibility study for its Mt Todd gold project in Australia, aiming to increase reserve grades, lower initial capital costs, and optimise... 

Evolution secures regulatory approval to extend Cowal

Australia’s Evolution Mining has received regulatory approval from the New South Wales Department of Planning, Housing and Infrastructure to extend operations at its Cowal gold operations until... 

A$5m advance to Strandline

The Northern Australian Infrastructure Facility (NAIF) has advanced A$5-million to critical minerals company Strandline Resources under an existing facility as the company looks to bridge to a... 

ERA announces leadership changes amid Rio Tinto acquisition

Energy Resources of Australia (ERA) has announced leadership changes as it navigates the transition following Rio Tinto’s decision to compulsorily acquire the company. CEO and MD Brad Welsh will... 

UEC completes acquisition of Rio Tinto uranium assets

NYSE American-listed Uranium Energy has completed the acquisition of Rio Tinto's Wyoming assets, comprising the Sweetwater plant and a portfolio of uranium mining properties with about 175-million... 

Capricorn Metals expands Karlawinda tenure with project acquisition

Perth-based gold miner Capricorn Metals is expanding its Karlawinda project tenure in the Pilbara with the acquisition of the prospective Sylvania project from fellow ASX-listed Latitude 66.... 

AES boiler update project transforms local food production process

The replacement of 78-year-old boilers at a Western Cape food processing plant with four newly installed, locally manufactured chaingrate stoker-fired firetube package boilers has transformed the... 

Tivan secures grant for Speewah fluorite project

ASX-listed Tivan has been awarded a A$7.4-million cash grant under the Australian government’s International Partnerships in Critical Minerals (IPCM) programme for its Speewah fluorite project in...