Hot Chili appoints interim CFO

Copper exploration and development company Hot Chili has appointed Deborah Le Moignan as interim CFO with effect from July 1. Le Moignan has recently been appointed financial controller and... 

Triton sells Mozambique graphite assets

ASX-listed Triton Minerals has announced the sale of a 70% interest in its Mozambique graphite assets to Chinese group Shandong Yulong Gold for A$17-million. The transaction, announced on Tuesday,... 

Renergade discovers Ernest Henry-style IOCG breccia zone

Brisbane-based Renergade Exploration on Tuesday announced the discovery of a large iron-oxide copper gold (IOCG) breccia system at its Mongoose Deeps prospect, near Cloncurry, similar in... 

Ironbark Zinc completes Mt Isa projects buy

Exploration company Ironbark Zinc has completed the acquisition of an 80% interest in the Simon and Anderson projects, in Mt Isa, Queensland, from fellow-listed Aeon Metals. The company finalised... 

Australian Vanadium completes initial phase of optimised study

Exploration and development company Australian Vanadium (AVL) has completed the first phase of an optimised feasibility study for its Western Australian project, confirming the preferred... 

Shareholders prop up Volt with A$500 000 loan

Graphite producer and anode developer Volt Resources on Tuesday announced a funding agreement with three major shareholders for the provision of an aggregate loan of up to A$500 000. The investors... 

Evolution extends South Cowal option agreement

Gold miner Evolution Mining has extended the option to purchase tenements nearby its operating Cowal gold mine, in NewSouth Wales, for a third and final year for further evaluation and... 

MTM Critical Metals CEO resigns

Lachlan Reynolds has resigned as CEO of Australia- and Canada-focused explorer MTM Critical Metals with immediate effect. Reynolds served as MD since the company’s listing in July 2021 until... 

Macmahon reappointed as Dawson South mining contractor

Mining services firm Macmahon Holdings has been reappointed as mining contractor at the Dawson South project, in Queensland. Dawson South forms part of Anglo American’s Dawson mine, an opencut... 

B2Gold invests in Yukon-focused Prospector Metals

Gold mining company B2Gold has agreed a strategic investment into Yukon-focused exploration company Prospector Metals. B2Gold will subscribe for 5.58-million shares at C$0.163 a share for gross... 

Rio to install carbon free aluminium smelting cells at Quebec smelter

Mining company Rio Tinto has announced a C$375-million demonstration plant equipped with carbon free aluminium smelting cells at its Arvida smelter, in Quebec. The plant, which will be owned in a... 

Former BHP exec appointed to Adriatic board

Europe-focused Adriatic Metals has recruited Laura Tyler, a former executive at the world’s top miner BHP, to its board. Her appointment as a nonexecutive director is effective from July 1. 

New CEO for explorer Yandal Resources

Exploration company Yandal Resources on Monday announced that Chris Oorschot had started in his role of MD and CEO. He took over from Tim Kennedy, who would continue with the company as part-time... 

Sierra Rutile completes initial safety review

ASX-listed Sierra Rutile has announced the completion of its initial safety risk review of Area 1, leading to the resumption of operations at the Sierra Leone mine after a temporary suspension.... 

Ransom resigns from Perseus board due to ill health

David Ransom, nonexecutive, independent director of Perseus Mining, has tendered his resignation effective June 30, citing health reasons. Perseus, an Australian company operating three gold mines... 

Former Teck COO joins Newmont board

US-based goldminer Newmont has appointed Harry (Red) Conger to its board of directors, bringing 46 years of extensive mining and leadership experience. He recently retired from Canadian major Teck... 

The future of Operation Vulindlela

Engineering News editor Terence Creamer discusses the issues tackled during Phase 1 of Operation Vulindlela and the successes achieved thus far; the likelihood of Operation Vulindlela continuing as... 

Magazine round up | 28 June 2024

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

Jarmi Steyn

This week we profile Jarmi Steyn, COO at Canyon Coal, a coal exploration, mining and processing company 

Black Rock secures offtake agreements for Mahenge graphite

ASX-listed Black Rock Mining, through its majority-owned subsidiary Faru Graphite, has finalised two full form offtake agreements with key industrial customers Muhui International Trade and... 

New Pacific shares PFS results for Bolivia silver asset

Toronto-listed New Pacific Metals has announced the results of its prefeasibility study (PFS) for the Silver Sand project, in Bolivia, confirming its potential to become a high-grade, low-cost pure... 

Eskay and P2Gold terminate business combination

Canadian juniors Eskay Mining and P2Gold have announced that they would terminate their proposed business combination transaction, citing market conditions. The companies earlier this month... 

Theta raises another $4m for South Africa gold project

ASX-listed Theta Gold Mines has received firm commitments from investors to raise a further A$4-million (A$6.02-million) in equity funding to advance its TGME gold plant, in South Africa. The... 

Boss plans accelerated development at Gould’s Dam

Uranium company Boss Energy has begun work on accelerating the development of Gould’s Dam, which is a satellite project to the nearby Honeymoon mine, in South Australia. This follows recent... 

Mining sector employment holds up well despite first-quarter decline

Following five uninterrupted quarters of job gains, employment in the mining sector declined during the first quarter of this year, the Minerals Council South Africa reports. Citing Statistics... 

Civil construction activity growth well supported, but sentiment remains low – survey

The First National Bank (FNB)/Bureau for Economic Research Civil Confidence Index decreased to 44 points in the second quarter, from an eight-year high of 47 in the first quarter. While slightly... 

Policy uncertainty index moves further into negative territory in the second quarter

The North West University (NWU) Business School’s Policy Uncertainty Index (PUI) moved further into negative territory in the second quarter, rising to 68.3 points, compared with 65.8 in the first... 

EnergyX unveils plans for big US lithium plant

Lithium brine-to-battery company EnergyX has announced a “major” lithium project for North America, unveiling plans to build a plant in the so-called ‘Ark-La-Tex’ region that will produce 5 000 t/y... 

De Beers sells $315m of rough diamonds in fifth cycle

Diamond miner De Beers sold $315-million worth of rough diamonds in the fifth sales cycle of this year, compared with the $383-million worth of diamonds sold in the fourth cycle of this year. Sales... 

Lundin ups stake in Chile copper mine

Canadian base metals mining company Lundin Mining has accelerated an option to increase its interest in SCM Minera Lumina Copper, which owns the Caserones copper and molybdenum mine, in Chile. The... 

Karelian sees nickel, copper, PGE potential in Northern Ireland

Diamond exploration company Karelian Diamonds has unveiled promising indications of nickel, copper and platinum group elements (PGE) in its licence areas in northern Ireland. This follows an... 

First gold pour at Manh Choh scheduled for early next month

The first gold pour for the Manh Choh mine, in Alaska, will take place at the Fort Knox mill facility on July 8, joint venture (JV) partner Contango announced on Tuesday. The event marks a... 

Richards retires from Northern Star board

John Richards has announced his retirement from the board of gold miner Northern Star with effect from July 31. Richards, who joined as nonexecutive director in February 2021 following an... 

MRC becomes sole owner of Munglinup graphite project

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... 

Sun Silver applies for $60m US tax credit for silver paste facility

Precious metals miner Sun Silver has applied to the US Department of Energy (DoE) for a $60-million investment tax credit for expenditure towards establishing a silver paste production facility in... 

B2Gold sells C$139m Calibre shares

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,... 

Maple gains full ownership of Quebec projects from Agnico

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... 

Heraeus acquires Canadian recycling firm McCol Metals

Processing and recycling group Heraeus Precious Metals has announced the acquisition of McCol Metals, a specialised company based in St. John’s, Newfoundland and Labrador, Canada. The acquisition... 

Barroso owner Savannah appoints new chair, deputy

European lithium development company Savannah Resources on Monday announced the retirement of Matthew King as chairperson and the appointment of Rick Anthon as his successor. Anthon worked for... 

Barminco clinches A$450m contract extension at Sunrise Dam

AngloGold Ashanti has awarded Perenti subsidiary Barminco a A$450-million, three-year mining contract extension at the Sunrise Dam underground mine in Western Australia. The contract extension...