Govt reviews framework for procuring electricity capacity from IPPs

Engineering News editor Terence Creamer discusses government's review of the current framework through which electricity capacity is procured from independent power producers; the reasons for the... 

Mondi to permanently shut Bulgaria paper mill after fire

Packaging and paper group Mondi has decided to permanently close its Stambolijski paper mill, in Bulgaria, after a fire caused extensive damage to the 100 000 t/y brown kraft paper machine in... 

Talon makes new Michigan copper/nickel discovery

Toronto-listed Talon Metals’ in-house exploration drilling and geophysics team has discovered 99.92 m of copper and nickel mineralisation on its maiden drill hole at the Boulderdash target in the... 

Rio Tinto’s Nuton invests $35m in McEwen Copper

Nuton, a copper technology venture of Rio Tinto, has pumped $35-million into McEwen Copper, which owns the Los Azules project in Argentina. McEwen previously announced a nonbrokered private... 

Kinross earn-in a ‘stamp of approval’ for Puma’s New Brunswick project

Canada-based Kinross Gold has agreed an option to earn a 65% interest in the Williams Brook project, in New Brunswick, by funding C$16.7-million in exploration drilling over five years, project... 

Branislav Bibic

This week we profile Branislav Bibic, Area VP for sub-Saharan Africa at Philip Morris International, a producer of tobacco and nicotine products, including cigarettes and smoke-free products 

Petroleum Products Bill released for public comment

The Department of Mineral Resources and Energy (DMRE) has published the draft Petroleum Products Bill for a 60-day public comment period, which was launched on October 21. The DMRE says the Bill,... 

Balwin Properties achieves its tenth 6 Star Green Star Design rating

Residential property developer Balwin Properties has secured its tenth 6 Star Green Star Design rating on a lifestyle centre for the Thaba Eco-Village Lifestyle Centre and Montessori School,... 

New lab to improve road safety policies, products in Africa

Science, Technology and Innovation Minister Blade Nzimande has unveiled a new Transport Safety Lab at the Council for Scientific and Industrial Research's (CSIR's) Scientia campus, in Pretoria.... 

Mantengu to report higher interim earnings

JSE-listed mining investment company Mantengu Mining expects to report earnings a share and headline earnings a share of between 1c and 2c for the six months ended August 31. That represents an... 

Rumble retires as South32 nonexec director

Diversified miner South32 has announced the retirement of Keith Rumble as an independent nonexecutive director, effective following the company’s 2024 AGM. Rumble joined the board in 2015 and... 

IRMA releases chain of custody standard for responsibly mined materials

The Initiative for Responsible Mining Assurance (IRMA) has released its new Chain of Custody (CoC) Standard, which sets requirements for tracking material produced from mining operations audited... 

Osisko Development announces $50m offering

NYSE- and TSX-V-listed Osisko Development has announced a new offering aimed at raising $50-million. The company has entered into an agreement with lead agents to facilitate the sale of up to... 

Lotus receives firm commitments to raise A$130m to support Kayalekera restart

ASX-listed Lotus Resources has successfully completed its bookbuild for a non-underwritten two-tranche placement to raise A$130-million, or $87-million, at A$0.25 a share to support the accelerated... 

TNPA, Hillside Aluminium sign 15yr lease agreement at Richards Bay port

Transnet National Ports Authority (TNPA) has signed a 15-year lease agreement with South32 Hillside Aluminium, securing the continued operational presence of South Africa’s only primary aluminium... 

New rare earths discovery at Monte Alto

ASX-listed Brazilian Rare Earths on Wednesday announced an “outstanding” heavy rare earth discovery near Monte Alto. The new discovery, located just 2.5 km from the Monte Alto deposit, boasts... 

Bengwenyama mineral resource rises above 40.25Moz

ASX- and JSE-listed Southern Palladium has reported an increase in the total contained resource at its 70%-owned Bengwenyama platinum group metal project, including the Merensky reef on the... 

West African on track to meet upper end of full-year guidance

Gold miner West African Resources says it is on track to achieve the upper end of its full-year gold production guidance of between 190 000 oz and 210 000 oz at an all-in sustaining cost (AISC) of... 

Jean Nel to step down as director of DRDGOLD in Nov

Jean Nel has decided to step down as a director of gold producer DRDGOLD, with effect from November 27, after serving on the board for six years. DRDGOLD says it is thankful for his valuable... 

Families welcome South African Parliament's call for two engineers to be released from Equatorial Guinea prison

The families of Frik Potgieter and Peter Huxham, the two South African engineers who have been illegally imprisoned in Equatorial Guinea since February 9, 2023, say they are "deeply grateful" to... 

Nampak subsidiary agrees to sell stake in Nampak Zimbabwe for up to $25m

JSE-listed Nampak's Nampak Southern Africa Holdings subsidiary has agreed to sell its 51.43% shareholding in Nampak Zimbabwe to TSL for up to $25-million. Nampak Zimbabwe is listed on the Zimbabwe... 

EOH proposes name change, says major legacy issues resolved

Technology services provider EOH Holdings says it has delivered a "significantly improved" financial position for the financial year to July 31, as well as improved its capital structure, resolved... 

IsoEnergy and Purepoint form Athabasca Basin exploration JV

Toronto-listed IsoEnergy has announced the formation of a joint venture (JV) with TSX-V-listed Purepoint Uranium to explore in the Athabasca basin of Saskatchewan. Both companies will contribute... 

Perseus delivers strong production, cash flow for the September quarter

Africa-focused gold miner Perseus Mining again achieved strong production and cash flow for the quarter ended September 30 – the first quarter of its 2025 financial year – with output having... 

Assay results confirm down-dip continuation of high-grade copper mineralisation at Flat Mine South – Orion

Ongoing drilling at Orion Minerals' Okiep copper project (OCP), in South Africa's Northern Cape province, continues to deliver the highly anticipated extensions of previously intersected wide,... 

Gem lifts third-quarter revenue on higher sales, prices

London-listed Gem Diamonds, which operates the Letšeng diamond mine in Lesotho, generated revenues of $42.7-million from the sale of 26 627 ct of diamonds in the quarter ended September 30. This... 

MAC reports strong production at CSA mine

Australian copper producer Metals Acquisition Corp (MAC) has announced a solid performance at the CSA mine in Cobar, producing 10 159 t during the September quarter. This marks MAC’s second-highest... 

St Barbara explores pumped hydro at Nova Scotia’s closed Touquoy mine

Gold miner St Barbara subsidiary Atlantic Mining is studying a pumped hydro energy storage facility at the now-closed Touquoy gold mine in Nova Scotia, Canada. Independent power producer Natural... 

Northern accelerates LDI mill maintenance to boost output

Graphite flake producer Northern Graphite has brought forward mill maintenance and repairs at its Lac des Iles (LDI) operation, in Quebec, to accelerate throughput expansions in the face of rising... 

West Cobar gains EIS funding for Fraser range exploration

ASX-listed West Cobar Metals has been successful in its application for government co-funding for the Fraser Range project, in Western Australia. The application is part of the Round 30 Exploration... 

NickelSearch appoints geologist with Mt Isa experience as CEO

Multi-commodity explorer NickelSearch on Monday announced the appointment of Johan Lambrechts, formerly VP for geology and exploration at Askari Metals, as CEO with immediate effect. Over the last... 

Primary uranium supply ‘way behind’ rapidly growing demand – Yellow Cake CEO

London-listed Yellow Cake, a company focused on providing exposure to the uranium spot price, remains optimistic about medium-term sector fundamentals despite current subdued uranium prices. In a... 

West Red Lake upsizes placement

Canadian gold company West Red Lake on Friday announced it would increase the size of its previously announced bought-deal financing from C$20-million to C$25-million. The TSX-V-listed firm would... 

Newmont’s Peñasquito signs labour agreement

Gold miner Newmont announced on Friday that its Mexico subsidiary, Newmont Peñasquito, had signed a new collective bargain agreement (CBA) with the National Union of Mining, Metallurgical, Steel,... 

Graphite One lines up potential $325m Exim loan

North America-focused Graphite One has received non-binding letter of interest from the Export-Import Bank of the United States (Exim) for potential debt financing of up to $325-million to fund a... 

Image speeds up mineral sands project construction

Mineral sands company Image Resources has cleared the final construction approvals for its Atlas project, north of Perth, with water licences being issued. The company started roadwork and civil... 

AuMEGA plans $10m private placement

Canada-focused AuMEGA Metals (formerly Matador Mining) said on Friday that it was in the process of arranging a private placement of $10-million. The ASX- and TSX-listed company would use the... 

Turaco raises A$35m to accelerate drilling in Cote d'Ivoire

West Africa-focused Turaco Gold has announced a A$35-million equity raise to accelerate drilling at the Afema project, in Cote d’Ivoire. The ASX-listed company will raise the funds in a... 

Wesdome Gold gaining momentum

Canadian miner Wesdome Gold is on track to achieve the midpoint of its guidance of 160 000 oz to 180 000 oz, thanks to increasing operational momentum. The company on Thursday reported a strong... 

World moves into the Age of Electricity – IEA

Engineering News editor Terence Creamer discusses the International Energy Agency's statement that the world is moving into the Age of Electricity; how the critical minerals demand associated with...