Polymetals raises A$35m for Australian silver and zinc mine

ASX-listed Polymetals Resources has announced a A$35-million capital raise as it continues to advance its Endeavor silver/zinc mine in New South Wales. The company has received commitments for a... 

Production tax incentives boosts Australia’s downstream processing ambitions – CME

The Chamber of Minerals and Energy WA (CME) has welcomed the passage of the Future Made in Australia (Production Tax Credits) Bill, which enacts support for critical minerals processing and... 

African Pioneer raises funds for Namibia project

London-listed African Pioneer, which owns projects in Namibia, Botswana and Zambia, has raised £420 000 from existing and new shareholders to further develop its Ongombo copper/gold project, in... 

Discovery Green ushers in a renewable-energy future for S African mining

South Africa’s mining industry is undergoing a fundamental shift as it grapples with rising electricity costs, carbon taxes and the need for energy security. Newly established renewable energy... 

Coking coal miner Pembroke raises $550m

Coking coal miner Pembroke Olive Downs has successfully raised $550-million of senior secured bonds to refinance its debt and to support the next stage of its expansion at its steelmaking coal mine... 

Endeavour Silver’s Terronera project ‘nearing completion’

Midtier precious metals miner Endeavour Silver reported on Friday that its Terronera silver/gold project, in Mexico, is nearing completion, with the company focused on maintaining its construction... 

Rio2 starts building Fenix gold mine

Vancouver-based Rio2 last week celebrated the official start of construction of its Fenix gold mine, in the Maricunga gold belt of Chile’s Atacama. The event, held on Thursday, was attended by... 

Rio Tinto's US Borax donates to support communities impacted by Los Angeles wildfires

Mining major Rio Tinto’s US Borax has donated $600 000 to three organisations to support relief efforts for communities directly impacted by the recent wildfires in Los Angeles region. The Kern... 

$22.5m equity raising to progress Greenland, Austria projects

Nasdaq-listed Critical Metals has completed a private placement of $22.5-million to assist in accelerating development plans for the Tanbreez rare earth project in Greenland and the Wolfberg... 

Magnetite Mines CFO resigns

Iron-ore developer Magnetite Mines announced on Friday that Simon Smith had resigned as CFO and co-company secretary, with effect from March 7. Inthu Siva, currently co-company secretary and... 

Rio Tinto and WA govt team up on Pilbara water

The Western Australian government has signed a memorandum of understanding to join forces with mining company Rio Tinto to strengthen water security in the Pilbara. The West Pilbara Water Supply... 

Flags will fly at half-mast for fallen S African soldiers in DRC

Spokesperson to the President Vincent Magwenya on Friday reiterated Cyril Ramaphosa’s directive made during the State of the Nation Address that the national flag be flown at half-mast at all flag... 

Geopolitics, reforms key themes of the 2025 SoNA

Engineering News editor Terence Creamer discusses some of the key themes of President Cyril Ramaphosa's first State of the Nation Address since the establishment of the Government of National... 

Magazine round up | 07 February 2025

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

Nosiphiwo Mzamo

This week we profile Nosiphiwo Mzamo, CEO of the State Diamond Trader, a State-owned entity operating in the diamond industry that aims to grow local diamond beneficiation 

Blackstone to acquire Mankayan copper/gold project in merger with IDM

Australia-listed Blackstone Minerals on Thursday announced a binding scheme implementation deed with IDM International for an all-scrip merger, securing ownership of the Mankayan copper/gold... 

Global Lithium inks heritage protection agreement for expanded Marble Bar project

ASX-listed Global Lithium has signed a heritage protection agreement (HPA) with the Nyamal Aboriginal Corporation RNTBC (NAC) for its expanded Marble Bar project tenure in Western Australia’s... 

Toro advances Lake Maitland scoping study update

Western Australia-focused uranium developer Toro Energy has completed the re-optimisation of the potential mining pit at its Lake Maitland uranium/vanadium project, marking a key step towards the... 

Tsengwa resigns as Exxaro CEO

Dr Nombasa Tsengwa has resigned as CEO and board member of Exxaro Resources, with immediate effect. She was placed on a precautionary suspension in December, pending the outcome of an independent... 

Anglo reports solid copper, iron-ore operational performance as portfolio simplification continues

Diversified miner Anglo American's copper and iron-ore operations delivered a good performance for the fourth quarter of 2024, as well as for the full-year, in line with the group's growing focus... 

De Beers cuts its 2025 output guidance by 10Mct as trading conditions remain challenging

Amid ongoing challenging rough diamond trading conditions, De Beers has revised its production guidance for 2025 to between 20-million and 23-million carats, compared with previous guidance of... 

Global Uranium and Forum Energy begin exploration at Athabasca project

CSE-listed Global Uranium and TSX-V-listed Forum Energy Metals on Wednesday announced that they have started exploration at the Northwest Athabasca (NWA) project in Saskatchewan’s Athabasca basin,... 

First American Uranium grants Myriad uranium option on Red Basin project

CSE-listed First American Uranium has entered into an option agreement with fellow-listed Myriad Uranium for the Red Basin uranium/vanadium mineral claims in Catron county, New Mexico. Under the... 

Agnico Eagle secures 96.5% stake in O3 Mining

Canadian miner Agnico Eagle Mines has moved closer to completing its acquisition of TSX-V-listed O3 Mining after securing 96.5% of the company’s outstanding shares through its takeover bid. Agnico... 

Kingsgate achieves 100th gold pour at Chatree

ASX-listed Kingsgate Consolidated  has reached a significant production milestone at its Chatree gold mine in Thailand, marking the hundredth gold pour since operations restarted in March 2023. The... 

Coronado moves Bitzer to development role, appoints new COO

Brisbane-headquartered coal miner Coronado Global Resources has made changes to its executive leadership team, with COO Jeff Bitzer transitioning to the newly established chief development officer... 

Athena appoints new CEO

Western Australian iron-ore developer Athena Resources on Tuesday announced the appointment of Peter Jones as MD and CEO with effect from February 17. Prior to joining Athena, Jones worked for... 

SSR Mining announces board changes

US-based SSR Mining on Monday announced the appointment of Laura Mullen to its board of directors, effective February 15. At the same time, the company also announced the immediate resignation of... 

Entrée and Oyu Tolgoi formalise JV agreement

Vancouver-based Entrée Resources has formally executed and delivered its joint venture (JV) agreement with Oyu Tolgoi (OTLLC), which the parties have been operating under since the formation of... 

Bouchard steps down as New Gold COO

TSX- and NYSE American-listed New Gold on Monday announced it had mutually parted ways with COO Yohann Bouchard. His last day was January 31. "I thank Yohann for his contribution to New Gold... 

Barminco secures Goldrush underground mining contract in the US

Australian mining services provider Perenti’s underground mining business, Barminco, has secured its first underground mining contract in the US, winning a deal with Nevada Gold Mines (NGM) for the... 

FMG secures majority stake in Red Hawk

ASX-listed Fortescue said on Tuesday morning that it had obtained a majority interest of 66.23% in iron-ore junior Red Hawk Mining following the acceptance of its off-market takeover offer by Red... 

New Murchison Gold advances toward production with Crown Prince feasibility study

ASX-listed New Murchison Gold (NMG) on Monday announced the results of a feasibility study for its Crown Prince gold deposit in Western Australia, confirming a robust pre-tax cash flow of... 

Amec welcomes WA trial to streamline approvals process

The Association of Mining and Exploration Companies (Amec) has welcomed the Western Australian government’s announcement of a trial aimed at streamlining the approvals process for mining projects.... 

Applications open for new round of WA's exploration incentive scheme

Applications for Round 31 of Western Australia's Exploration Incentive Scheme's (EIS) co-funded exploration drilling programme and Series 8 of the energy analysis programme opened on Monday.... 

Paladin’s Fission Uranium inks agreement with Buffalo River Dene Nation

Uranium miner Paladin Energy on Monday announced that its Canadian subsidiary, Fission Uranium, had signed a mutual benefits agreement (MBA) with the Buffalo River Dene Nation (BRDN). The... 

Regis extends Duketon contract with Barminco

Australian miner Regis Resources has extended the contract with Perenti’s Barminco unit for the provision of underground mining services at the Duketon Operations in the Goldfields region of... 

Eskom to implement Stage 3 loadshedding from 17:00

Eskom has announced that it will implement Stage 3 loadshedding from 17:00 on January 31, after warning earlier in the day that there was a high risk of loadshedding.   “This is a potentially... 

Nersa grants Eskom 12.74% tariff hike

Engineering News editor Terence Creamer discusses the background to power utility Eskom's MYPD6 tariff application to the National Energy Regulator of South Africa (Nersa); Nersa's decision; and... 

Sayona reports strong operational quarter, progress on merger with Piedmont

ASX-listed Sayona Mining has reported a quarter of strong operational performance, with spodumene concentrate production at its North American Lithium (NAL) operation in Canada reaching 50 922 dry...