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Mining

Good Governance Africa research and programmes director Dr Ross Harvey
Wits dialogue unpacks implications of a post-mining future for communities
26th July 2024 By: Sabrina Jardim

There is potential, in South Africa, to better align mines’ social and labour plans with municipal Integrated Development Plans (IDPs) for more effective and long-term broad-based development, Good... 


Seriti CEO Mike Teke and community elders celebrate the project
Seriti project to provide Internet to 500 Phola households
26th July 2024 By: Schalk Burger

Coal miner Seriti Resources' Seriti Power Community Trust has handed the Monyetla Free WiFi project, which will give more than 500 households in the Phola community access to free, unlimited,... 


Anglo Platinum CEO Craig Miller.
Demerging Anglo Platinum excited about demand outlook for platinum group metals
26th July 2024 By: Martin Creamer

Anglo American Platinum, which is in the process of demerging from the Anglo American group, this week expressed confidence in the demand outlook for the platinum group metals (PGMs). The... 


Road in Namibia
Osino awaits Namibian competition approval to proceed with takeover by Chinese miner
26th July 2024 By: Marleny Arnoldi

Communications between Canadian miner Osino and the Namibian Competition Commission (NCC) continue to progress positively as the NCC considers the application of the previously announced statutory... 


Tin ore
Pathfinder completes reverse takeover of Rome Resources
26th July 2024 By: Marleny Arnoldi

London-listed Pathfinder Minerals has completed the reverse takeover of Canada-based exploration company Rome Resources, which owns tin projects in the Democratic Republic of the Congo (DRC). As a... 


Turnbull appointed chair of Axon Graphite
26th July 2024 By: Creamer Media Reporter

Axon Graphite, the ASX-bound spinout of Lithium Energy in the graphite asset merger with Novonix, has finalised the composition of its board. Peter Turnbull, a senior executive in publicly listed,... 


Bellevue stock falls on discounted A$150m capital raise
Bellevue stock falls on discounted A$150m capital raise
26th July 2024 By: Mariaan Webb

The share price of Bellevue Gold sunk 22% on Friday, as the gold miner unveiled a discounted capital raise of A$150-million. The ASX-listed company received firm commitments for a fully... 


Orion's Prieska complex in the Northern Cape
Orion raises A$3.6m through share purchase plan
26th July 2024 By: Marleny Arnoldi

ASX- and JSE-listed Orion Minerals has raised A$3.6-million, or R44-million, through a share purchase plan (SPP) that closed on July 23. Under the SPP, each eligible shareholder was entitled to... 


gemstones
Gemfields reports $121m first-half auction revenue
26th July 2024 By: Darren Parker

Gemstone miner Gemfields has reported total auction revenues of $121-million for the six-month period ended June 30, with demand for rough emeralds and rubies continuing to remain robust. In the... 


Copper leaching from heaps at Nifty, WA
Nifty partnership for Cyprium and Glencore
26th July 2024 By: Creamer Media Reporter

ASX-listed Cyprium Metals on Friday announced a commercial strategic partnership with commodities major Glencore to accelerate the resumption of copper production from the Nifty mine near Port... 


The Lamaque mine in Canada
Eldorado maintains 2024 operational guidance
26th July 2024 By: Mariaan Webb

Canada-based Eldorado Gold has reaffirmed its 2024 production guidance of 505 000 oz to 555 000 oz of gold at an all-in sustaining cost of $1 190/oz to $1 290/oz. The company produced 239 439 oz... 


Jabiluka uranium mine to close after Australia rejects bid from Rio Tinto unit
Jabiluka uranium mine to close after Australia rejects bid from Rio Tinto unit
26th July 2024 By: Reuters

Energy Resources of Australia said on Friday the Northern Territory government has rejected its request to renew the uranium mining lease for the Jabiluka deposit. The company, in which Rio Tinto... 


Ghana’s trade surplus grows 12.5% in first half on gold exports
26th July 2024 By: Bloomberg

Ghana’s trade surplus widened in the first half as revenue from gold exports soared. The favorable trade gap grew 12.5% from a year ago to $1.8-billion, Bank of Ghana said in a summary of economic... 


Graphite One advances US domestic supply chain strategy
Graphite One advances US domestic supply chain strategy
26th July 2024 By: Mariaan Webb

Progress towards a domestic US supply chain for advanced graphite materials marched forward on Thursday with the announcement of a supply agreement between Graphite One and California-based... 


Cash-hungry Canadian miners test grey area of anti-China M&A rules
Cash-hungry Canadian miners test grey area of anti-China M&A rules
26th July 2024 By: Bloomberg

Nearly two years after Canada moved to restrict foreign investment in the country’s mining sector, minerals explorers and developers are testing the limits of those rules. The Canadian government... 


Vale says Q2 net profit triples, iron-ore sales up
Vale says Q2 net profit triples, iron-ore sales up
26th July 2024 By: Reuters

Brazilian miner Vale, one of the world's largest iron-ore producers, said on Thursday its second-quarter net profit soared to $2.77-billion, triple the year-earlier period and above analyst... 


Rio Tinto, BYD and LG Energy show interest in Chile's Altoandinos lithium site
26th July 2024 By: Reuters

Twelve companies including global miner Rio Tinto and Chinese electric vehicle maker BYD have submitted proposals to extract lithium in Chile's Altoandinos salt flats, the state mining company... 


Beneficiation, Seriti Green, iron-ore logistics make headlines
Beneficiation, Seriti Green, iron-ore logistics make headlines
26th July 2024

Mining Weekly Editor Martin Creamer discusses the Minerals Council South Africa's support of beneficiation where the economics make sense; Seriti Resources advancing into wind energy through Seriti... 


Eramet's SLN subsidiary in New Caledonia
Eramet lifts profit outlook on manganese rally, says nickel market tough
26th July 2024 By: Reuters

Eramet raised its outlook for full-year core earnings on Thursday due to a jump in manganese prices, though the French miner expected the nickel market to remain tough after it contributed to a... 


First Quantum copper mine not on government agenda this year, Panama's Mulino says
First Quantum copper mine not on government agenda this year, Panama's Mulino says
26th July 2024 By: Reuters

Panamanian President Jose Raul Mulino said on Thursday the government will not address issues around a major shuttered First Quantum copper mine until the early 2025. The lucrative Cobre Panama... 


Brazil government mulls 'tougher measures and sanctions' on Vale, Minister says
Brazil government mulls 'tougher measures and sanctions' on Vale, Minister says
26th July 2024 By: Reuters

Brazil's government could apply "tougher measures and sanctions" on Vale to combat the mining giant's "arrogant" stance towards the country, Mines and Energy Minister Alexandre Silveira told... 


Magazine round up | 26 July 2024
Magazine round up | 26 July 2024
26th July 2024

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


hand holding coal
Thermal coal prices stagnate amid oversupply, weak demand
26th July 2024 By: Darren Parker

Market research firm BMI, a Fitch Solutions company, says thermal coal prices will remain stagnant owing to oversupply and weak demand. The company maintains its Newcastle thermal coal price... 


Sibanye CEO Neal Froneman
Sibanye says US operation recovering from cyberattack impact
25th July 2024 By: Creamer Media Reporter

Multinational mining and metals processing group Sibanye-Stillwater confirmed on July 25 that the Columbus metallurgical complex at its US platinum group metals operations has experienced some... 


Lucapa diamonds from the Lulo mine, totalling 447 ct
Lucapa concludes special tender worth $12m
25th July 2024 By: Marleny Arnoldi

ASX-listed Lucapa Diamond Company has sold six diamonds recovered from the Lulo mine, in Angola, in a special tender for $12.4-million. The diamonds totalled 447 ct and consisted of five white... 


Lotus hits highest-grade intercept at Letlhakane yet
25th July 2024 By: Marleny Arnoldi

ASX-listed Lotus Resources has intersected more uranium mineralisation at the Letlhakane project in Botswana, it confirms in its latest results from 24 holes drilled on site. The company has,... 


Anglo American CE Duncan Wanblad.
Anglo's eyes are firmly on a copper, iron-ore and crop nutrient prize
25th July 2024 By: Martin Creamer

By the end of 2025, the new Anglo American is going to be focused 100% on copper, iron-ore and crop nutrient mining. By that time, the demerged Johannesburg Stock Exchange-listed Anglo American... 


Coal station
South Africa’s 2030 decarbonisation target at risk, climate commission warns
25th July 2024 By: Terence Creamer

The Presidential Climate Commission (PCC) is cautioning that South Africa may miss its 2030 decarbonisation target in light of a decision to further delay the decommissioning of three aged coal... 


Artist’s impression of Avanti’s HYLAS 4 satellite in orbit
Satellite communications company launches new solution for African miners
25th July 2024 By: Rebecca Campbell

UK-based fully integrated satellite communications and connectivity services and solutions company Avanti Communications (Avanti) has launched, in Johannesburg, its new solution for the global... 


MC Mining secures A$1m loan facility
25th July 2024 By: Tasneem Bulbulia

Coal miner MC Mining has entered into a A$1-million ($700 000) loan facility with Eagle Canyon International Group Holding. ECIGH is controlled by MC Mining interim MD and CEO Christine He. 


Chrome smelting
Uasa inks three-year wage agreement with Samancor
25th July 2024 By: Marleny Arnoldi

Trade union Uasa has concluded another successful wage agreement, this time with chrome miner Samancor. The union signed a three-year wage agreement on behalf of its members and all workers... 


Sukari gold mine, in Egypt
Centamin declares 53% interim dividend payout ratio
25th July 2024 By: Marleny Arnoldi

London- and Toronto-listed gold miner Centamin has declared an interim dividend of $0.025 a share for the six months ended June 30, resulting in a total distribution of $26-million, which... 


Star-Orion South diamond resource estimate upgraded
Star-Orion South diamond resource estimate upgraded
25th July 2024 By: Creamer Media Reporter

The Orion South Diamond project has a mineral resource estimate, TSX-listed Star Diamonds announced on Wednesday. The company bolstered the indicated mineral resource by 22% to 34.8-million carats... 


An image showing the Tharisa mine
Tharisa signs long-term PPA for wheeled power
25th July 2024 By: Tasneem Bulbulia

JSE- and LSE-listed Tharisa has entered into a long-term power purchase agreement (PPA) for the procurement of wheeled renewable energy for the Tharisa mine, situated on the western limb of the... 


New Gold reports Rainy River fatality
New Gold reports Rainy River fatality
25th July 2024 By: Creamer Media Reporter

Canadian miner New Gold said on Wednesday that it had suspended operations at its Rainy River mine, after an employee died. The TSX- and NYSE American-listed company explained that the worker was... 


Terry Heymann
Opinion: Expanding the trusted gold ecosystem; building a more transparent and trusted gold supply chain
25th July 2024

In this article, World Gold Council CFO Terry Heymann writes about the measures being taken by the mining industry and gold refiners to increase trust in the gold supply chain. 


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