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Tungsten acquires all assets of Mt Mulgine project
20th November 2024 By: Creamer Media Reporter

ASX-listed Tungsten Mining has conditionally agreed to acquire the assets of the Mt Mulgine project, in Western Australia, from Minjar Gold. The acquisition gives the company rights to explore,... 


Electricity and Energy Minister Dr Kgosientsho Ramokgopa
Ramokgopa again moots policy interventions to provide relief from Eskom hike
20th November 2024 By: Terence Creamer

Electricity and Energy Minister Dr Kgosientsho Ramokgopa, who is Eskom’s shareholder Minister, has reiterated his opposition to the utility receiving a 36.15% tariff hike next year, while also... 


Resources Watch Image
Resources Watch
20th November 2024

This week: South Africa has impressively low battery manganese incentive price, Mintek@90 hears and, South Africa back on investor radar screen, Roger Baxter reports  


WHM granted environmental authorisation for Perdevlei concession
20th November 2024 By: Creamer Media Reporter

South Africa's Department of Mineral Resources and Energy (DMRE) has granted Whale Head Minerals (WHM), a subsidiary of Aim-listed investment company Kazera Global, an environmental authorisation... 


AngloGold, Centamin merger passes another hurdle
20th November 2024 By: Creamer Media Reporter

Gold miners Centamin and AngloGold Ashanti have reported that the Jersey Court has sanctioned the scheme of arrangement between the two parties that will result in AngloGold acquiring all of... 


Exxon signs deal to supply lithium to battery maker LG Chem
20th November 2024 By: Bloomberg

Exxon Mobil has signed a preliminary agreement to provide battery metal lithium to an LG Chem Ltd. plant in the US, strengthening the oil major’s role in the domestic critical minerals supply... 


UBS joins Goldman in forecasting that gold’s rally isn’t over
UBS joins Goldman in forecasting that gold’s rally isn’t over
20th November 2024 By: Bloomberg

Gold will rally to $2 900/oz by the end of next year, according to UBS Group, echoing a call from Goldman Sachs Group for further gains as central banks expand their holdings. There’s likely to be... 


Chile lithium miner SQM reports net profit down 73% in Q3
Chile lithium miner SQM reports net profit down 73% in Q3
20th November 2024 By: Reuters

Chile's SQM, the world's second-largest lithium producer, reported a 73% drop in third-quarter net profit on Wednesday, as higher sales volumes failed to offset a sharp decline in average sales... 


Chile's rare salt flat fish faces threat from lithium mining project
20th November 2024 By: Reuters

At more than 3 700 m above sea level, the "karachi" swims happily in dense salt flat waters, but locals worry a future lithium project will endanger this extreme-environment fish. The Orestias... 


SANEDI CEO Dr Titus Mathe
Remodelled draft IRP to be unveiled next week for limited public consultation
20th November 2024 By: Terence Creamer

A remodelled Integrated Resource Plan (IRP) for electricity will be released to the public next week and is expected to deviate materially from the heavily criticised draft IRP2023, which was... 


A truck carrying coal with a coal-fired power station in the background
Group of nations make COP29 pledge on no new unabated coal power
20th November 2024 By: Bloomberg

A total of 25 countries and the EU are pledging to commit to no new unabated coal power in their next round of national climate plans, the latest global pledge aimed at curbing use of the fuel.... 


Marvel’s Mali asset sale falls through
20th November 2024 By: Mariaan Webb

Marvel Gold’s planned sale of its gold projects in Mali will not proceed as originally intended, the Australian junior mining company announced on Wednesday. The decision follows recent... 


Potash ore
Kore signs final fixed-price EPC contract for its Kola project
20th November 2024 By: Chanel de Bruyn

Potash development company Kore Potash, which owns 97% of the Kola and DX projects in Congo-Brazzaville, has signed a final engineering, procurement and construction (EPC) contract with PowerChina... 


Canadian regulator orders halt to Sunshine Oilsands operations
20th November 2024 By: Reuters

A Canadian regulator has ordered Sunshine Oilsands to suspend its operations, including wells, facilities and pipelines,in northern Alberta's oil sands regiondue to continuous non-compliance with... 


NexGen reaches permitting milestone for Canadian uranium project
NexGen reaches permitting milestone for Canadian uranium project
20th November 2024 By: Creamer Media Reporter

Canadian uranium developer NexGen Energy on Tuesday announced a significant milestone in the federal environmental assessment (EA) for its Rook I project on the Patterson Lake peninsula in the... 


Troilus advances project financing with LoIs from European export credit agencies
Troilus advances project financing with LoIs from European export credit agencies
20th November 2024 By: Creamer Media Reporter

Toronto-listed Troilus Gold is making progress with its project financing strategy, announcing two letters of intent (LoI) from leading European export credit agencies. Finnvera, the export credit... 


Electra secures 10-year exploration permit for Idaho copper/cobalt properties
20th November 2024 By: Creamer Media Reporter

Nasdaq- and TSX-V-listed Electra Battery Materials has secured a ten-year exploration permit for its Idaho copper and cobalt properties, including its Iron Creek project, in the Idaho Cobalt Belt,... 


Solar panels
Zimbabwe power tariff hike sparks 3 000 MW of energy investments
20th November 2024 By: Bloomberg

Zimbabwe’s decision to adopt tariffs that reflect costs has sparked a wave of investments in the energy sector that will help ease its power crisis. Since the switch in December last year, energy... 


Peru copper output edges down 1% in September
20th November 2024 By: Reuters

Peru's copper production fell 1.2% in September compared to the same month last year to settle at 232 423 metric tons, data from the ministry of energy and mines showed on Tuesday. Peru is one of... 


Rio Tinto report shows bullying remains rife with women targeted
Rio Tinto report shows bullying remains rife with women targeted
20th November 2024 By: Bloomberg

A new report by Rio Tinto Group showed 39% of workers surveyed by the world’s second-biggest miner had experienced bullying within a 12-month period, up from 31% in 2021. Two years after Rio Tinto... 


Australia's Global Lithium delays AGM on foreign interference concerns
20th November 2024 By: Reuters

Global Lithium will push back its annual shareholder meeting to February to allow time for the Australian government to review a potential breach by a shareholder of foreign acquisition laws.... 


Aurora turns its focus to Australia as it options Oregon project
19th November 2024 By: Creamer Media Reporter

Australia’s Aurora Energy Metals is shifting its focus to a local jurisdiction with an option agreement to put its namesake project in Oregon into a US domiciled company, while broadening its asset... 


Wind turbines and solar panels
Summit underscores importance of just energy transition, C&I industry
19th November 2024 By: Tasneem Bulbulia

It is imperative that South Africa and industry decarbonises and, with the transition towards more sustainable forms of energy already occurring, stakeholders should focus on how the transition is... 


Graphite in containers
Blencowe unpacks differentiated value of Orom-Cross project as DFS takes shape
19th November 2024 By: Marleny Arnoldi

London-listed emerging graphite miner Blencowe Resources has responded to shareholder questions following a capital raise of £1.6-million to fund the completion of a definitive feasibility study... 


Copper ore
Marula outlines testwork, trials to follow on Kinusi copper material
19th November 2024 By: Marleny Arnoldi

Battery metals miner Marula Mining has received all necessary export permit and approvals in Tanzania to ship 10 kg of copper ore samples to South Africa for metallurgical testwork and assays.... 


A copper mine in Zambia
Mitsui said to be highest bidder for First Quantum's stake in Zambia mines
19th November 2024 By: Bloomberg

Japanese trading house Mitsui & Co. has emerged as the highest bidder for a stake in First Quantum Minerals’ Zambian copper mines, according to people familiar with the matter. Mitsui submitted an... 


Long-standing Ramelius COO steps down
19th November 2024 By: Creamer Media Reporter

Gold miner Ramelius Resources on Tuesday announced the resignation of long-standing COO Duncan Coutts, who would leave the company in early December to pursue other opportunities. MD Mark Zeptner... 


Taseko announces new board appointment
19th November 2024 By: Creamer Media Reporter

TSX-, NYSE- and LSE-listed Taseko Mines on Tuesday announced the appointment of Chief Crystal Smith to its board of directors. Welcoming Smith to the board, Taseko chairperson Ron Thiessen said... 


The Bushveld Vametco plant
Bushveld places South African entities in business rescue
19th November 2024 By: Creamer Media Reporter

A day after halting trading in its shares on the LSE owing to liquidity constraints, integrated vanadium producer Bushveld Minerals has placed its principal operating subsidiary Bushveld Vametco... 


Australian pension group rejects Mineral Resources pay proposal
19th November 2024 By: Bloomberg

A group representing Australia’s A$3.9-trillion ($2.5-trillion) pension industry has recommended its members vote against the remuneration plan of scandal-hit Mineral Resources at the company’s... 


Rio Tinto takes full entitlement in ERA rights issue, securing 98% ownership
Rio Tinto takes full entitlement in ERA rights issue, securing 98% ownership
19th November 2024 By: Mariaan Webb

Diversified miner Rio Tinto has taken up its full entitlement in the recent rights issue by Energy Resources of Australia (ERA), increasing its shareholding in the company to more than 98%. This... 


Newmont CEO Tom Palmer
Newmont surpasses $2bn divestiture target
19th November 2024 By: Mariaan Webb

US-based Newmont has exceeded its $2-billion target for gross proceeds from the sale of noncore assets, securing agreements that will generate a total of $2.9-billion, with additional assets still... 


Cabinet Ministers’ tour underscores FQM's role in achieving Zambia’s copper production ambitions
Cabinet Ministers’ tour underscores FQM's role in achieving Zambia’s copper production ambitions
19th November 2024 By: Sabrina Jardim

Zambia's government has reaffirmed its commitment to fostering a favourable investment climate in the mining sector, citing significant production increases as evidence of the success of its... 


US Gold clears regulatory hurdle for CK gold project
US Gold clears regulatory hurdle for CK gold project
19th November 2024 By: Creamer Media Reporter

Nasdaq-listed US Gold has achieved a key milestone in the development of its CK gold project, receiving approval for its air quality permit from the Wyoming Department of Environmental Quality... 


Defense Metals appoints ‘company builder’ Tory as CEO
19th November 2024 By: Mariaan Webb

Canadian exploration and development company Defense Metals has appointed Australian Mark Tory as its new CEO, effective January 1. Tory will relocate to Vancouver to lead the company's efforts... 


Katoro completes initial reconnaissance fieldwork activities at Canadian uranium project
19th November 2024 By: Sabrina Jardim

Aim-listed Katoro Gold has completed initial reconnaissance fieldwork activities, alongside ongoing desktop work, on its 100%-owned White Pine uranium project in Ontario, Canada. White Pine was... 


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Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

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