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Former Sasol, RBPlat CFO Hanré Rossouw
Former Sasol, Royal Bafokeng Platinum CFO now leading Madagascar graphite advance
1st November 2024 By: Martin Creamer

As the new president and CEO of the Canada-listed NextSource Materials – which is chaired by former South African mining luminary and one-time Eskom finance director Sir Mick Davis – the ex-Sasol... 


Gold climbs ahead of US jobs data, with election looming large
1st November 2024 By: Bloomberg

Gold gained — following its biggest one-day drop since July — as traders waited for key US jobs data and weighed potential market disruption ahead of the looming presidential election. Bullion... 


Bowen raises A$70m to fund Plumtree North development
1st November 2024 By: Creamer Media Reporter

Australian miner Bowen Coking Coal’s balance sheet received a boost with a A$70-million capital raise to fund its Plumtree North mine development at the Burton mine, in Queensland. The ASX-listed... 


Kodal, Mali govt enter MoU to finalise Bougouni transfer
1st November 2024 By: Darren Parker

Mineral exploration and development company Kodal Minerals has announced that Kodal Mining UK (KMUK), a company owned 51% by Hainan and 49% by Kodal, and the Malian government have entered into a... 


Hummingbird to receive second tranche of $20m loan
1st November 2024 By: Darren Parker

Aim-listed gold producer Hummingbird Resources is expecting to receive the second tranche of a $20-million loan facility from lender CIG in the next few days. On September 27, Hummingbird announced... 


Ironbark accelerates acquisitive growth strategy with new appointment
Ironbark accelerates acquisitive growth strategy with new appointment
1st November 2024 By: Mariaan Webb

Australia-listed, Greenland-focused Ironbark Zinc on Friday announced the appointment of Nikolai Zelenski, the former CEO of Nordgold, as its chairperson-elect. Zelenski will start immediately,... 


Capricorn raises $200m for Karlawinda expansion
Capricorn raises $200m for Karlawinda expansion
1st November 2024 By: Mariaan Webb

Exploration and development company Capricorn Metals has announced a $200-million capital raise to fund the expansion of the Karlawinda project, in the Pilbara. The ASX-listed firm will raise the... 


From left: Taanil Construction project contractor Walied Devajee; Kgatelopele local municipality corporate director and projects administrator Mildred Likotsi; executive committee member and Ward 3 Councillor Ansie van Zyl; Ward 4 Councillor Jan Slinger; Kgatelopele local municipality executive mayor and Ward 5 Councillor Irene Williams; Finsch operations executive Jaison Rajan; council whip and Ward 2 Councillor Ronel Haai; Finsch diamond mine National Union of Mineworkers representative Michelle Moeti; and MDV Kalahari Consulting Engineers project engineer Brian Bensley
Petra’s Finsch mine completes road upgrade
1st November 2024 By: Sabrina Jardim

London-listed Petra Diamonds’ Finsch mine has completed the MacKenzie road upgrade project in Danielskuil, in the Northern Cape. The project, valued at R6.2-million, was undertaken as part of the... 


Bauxite ore in hand
Canyon advances early works on now-permitted Minim Martap bauxite project
1st November 2024 By: Marleny Arnoldi

ASX-listed bauxite miner Canyon Resources and its subsidiary Camalco has been granted a mining licence for the Minim Martap project in Cameroon. The 20-year licence is conditional upon the... 


Photo of Martin Creamer
Chile green hydrogen, Implats solar, De Beers business development make headlines
1st November 2024

Mining Weekly Editor Martin Creamer discusses the very promising findings of Chile’s green hydrogen valley study; Implats' 35 MW solar project and expanded smelter at Zimplats; and De Beers urging... 


The Durban Container Terminal
South Africa looks to Africa and China ties as global trade fences go up
1st November 2024 By: Reuters

South Africa's trade minister said his country is pursuing more robust trade and investment ties within the continent and with China - its biggest trade partner - as the global trade environment... 


New Qld Mines Minister appointed
1st November 2024 By: Creamer Media Reporter

The Queensland Resources Council (QRC) has congratulated Dale Last on his appointment as the state’s new Minister for Natural Resources and Mines and Minister for Regional and Rural Development.... 


Thompson Creek mine
Centerra plans to largely self-fund Thompson moly restart
1st November 2024 By: Mariaan Webb

Canadian miner Centerra Gold is systematically executing on its strategy by working through its portfolio to unlock value, reports president and CEO Paul Tomory. The TSX-listed gold-focused... 


Australia’s miners pay more tax than all other industries combined
Australia’s miners pay more tax than all other industries combined
1st November 2024 By: Mariaan Webb

The latest ATO Corporate Tax Transparency Report shows that Australia’s mining industry continues to be the nation’s biggest taxpayer, paying A$43.1-billion in company tax for 2022/23. This,... 


Balama is one of the biggest integrated graphite mining and processing operations globally.
$150m DFC loan for Africa graphite mine
1st November 2024 By: Mariaan Webb

The US International Development Finance Corporation (DFC) has approved a $150-million loan to support the development of the Balama graphite mine, in Mozambique. The loan agreement follows a... 


The Minto mine is among the first mines in Canadian history to be bought by an Indigenous group.
Abandoned copper mines embraced as fast track to boost output
1st November 2024 By: Reuters

In the race to secure copper for the clean energy transition and artificial intelligence applications, a range of companies are firing up abandoned assets once seen as financial liabilities to... 


Freeport probed by SEC over quake risk at Indonesia copper plant
Freeport probed by SEC over quake risk at Indonesia copper plant
1st November 2024 By: Bloomberg

The US Securities and Exchange Commission is looking into whether Freeport-McMoRan failed to disclose threats a severe earthquake could pose to its new $3.7-billion copper smelter complex in... 


Argentina Lithium wins local authority approval to kick off exploration push
1st November 2024 By: Reuters

Local mining officials in northwest Argentina have approved a two-year permit for Argentina Lithium & Energy to kick off exploration efforts in the Paso de Sico concession, the company said on... 


Environmentalists sue over US approval of ioneer's Nevada lithium mine
Environmentalists sue over US approval of ioneer's Nevada lithium mine
1st November 2024 By: Reuters

Environmental and Indigenous groups on Thursday filed a lawsuit challenging the US Interior Department's approval of ioneer's Rhyolite Ridge lithium mine in Nevada, the first domestic source of the... 


Magazine round up | 01 November 2024
Magazine round up | 01 November 2024
1st November 2024

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


Halls Creek sale frees up Pantoro to focus on Norseman project
31st October 2024 By: Creamer Media Reporter

ASX-listed Pantoro has announced a binding agreement to sell the Halls Creek project, in Western Australia, to Kimberley Minerals for A$8-million. Kimberley is a member of privately held,... 


MC Mining’s Uitkomst production falls in first quarter
MC Mining’s Uitkomst production falls in first quarter
31st October 2024 By: Tasneem Bulbulia

JSE-listed MC Mining’s run-of-mine coal production at the Uitkomst steelmaking and thermal coal mine for the quarter ended September 30 (the first quarter of its 2025 financial year) was 35% lower... 


PFS confirms viability of South Palladium’s Bengwenyama project
31st October 2024 By: Tasneem Bulbulia

JSE- and ASX-listed Southern Palladium has announced the results of a prefeasibility study (PFS) for its 70%-owned Bengwenyama project in the eastern limb of the Bushveld Complex in South Africa,... 


Kore progresses EPC agreements, financing options for Congo-Brazzaville projects
31st October 2024 By: Tasneem Bulbulia

Potash development company Kore Potash, with 97% ownership of the Kola potash project and the Dougou Extension (DX) potash project in the Sintoukola basin in Congo-Brazzaville, has provided its... 


Openpit mining at Marula’s Kinusi continues according to plan
31st October 2024 By: Sabrina Jardim

Africa-focused mining and development company Marula Mining has reported that conventional openpit mining of the No 4 Pit, at its Kinusi copper mine, in Tanzania, has been ongoing, with shallow... 


Greenbushes chemical plant capex jumps to A$880m
Greenbushes chemical plant capex jumps to A$880m
31st October 2024 By: Mariaan Webb

Australian lithium company IGO on Thursday announced a revised budget and timeline for the Chemical Grade Plant 3 (CGP3) project under construction at the Greenbushes lithium mine. The total cost... 


The Ambatovy mine
Sumitomo resumes production at Madagascar's nickel project
31st October 2024 By: Reuters

Japanese trading house Sumitomo Corp said on Thursday it was slowly resuming production at the Ambatovy nickel and cobalt project in Madagascar after last month's pipeline issue and is reviewing... 


Newmont’s first battery-electric mining truck rolls into action
Newmont’s first battery-electric mining truck rolls into action
31st October 2024 By: Creamer Media Reporter

US-based Newmont has officially welcomed its first battery-electric large mining truck, dubbed the Early Learner Cat 793 XE, to the Cripple Creek and Victor (CC&V) mine, in Colorado. The vehicle... 


The Tshipi mine within the Kalahari manganese field.
Manganese production strong, prices weak, Jupiter reports
31st October 2024 By: Martin Creamer

Australia-listed manganese company Jupiter Mines, which has a 49.9% beneficial interest in Tshipi é Ntle Manganese’s Tshipi mine in South Africa’s Kalahari manganese field, on Thursday reported... 


An image showing trucks loading at the Krone-Endora at Venetia project in South Africa
Diamcor to raise funds to expedite increased processing at South Africa project
31st October 2024 By: Tasneem Bulbulia

TSX-V-listed Diamcor Mining intends to complete a term loan financing of up to C$1.5-million, to be used to expedite efforts to support the processing of material at significantly higher volumes at... 


Rio Tinto transitions to renewable diesel at Kennecott
31st October 2024 By: Creamer Media Reporter

Miner Rio Tinto has completed the transition from conventional to renewable diesel for all heavy mining equipment at its Kennecott copper mine in Utah, giving the mine one of the lowest carbon... 


Copper output from Chile's Codelco down nearly 5% this year, but recovery expected
Copper output from Chile's Codelco down nearly 5% this year, but recovery expected
31st October 2024 By: Reuters

Chile's State-owned miner Codelco reported 918 000 metric tons of its own copper output from January through September, down 4.9% from the first nine months of last year, a filing to the country's... 


Canadian Natural Resources posts Q3 profit drop on lower crude prices
31st October 2024 By: Reuters

Canadian Natural Resources posted a drop in third-quarter profit on Thursday, as the energy producer took a hit from a decline in production and lower crude prices. Global oil prices dropped... 


Asante plans $525m package for Ghana growth plan
Asante plans $525m package for Ghana growth plan
31st October 2024 By: Mariaan Webb

Gold miner Asante Gold has announced plans for a $525-million financing package to fund its growth plans and to recapitalise its short-term liabilities. The financing package is planned in two... 


UBS expects copper price to average $10 500/t in 2025
UBS expects copper price to average $10 500/t in 2025
31st October 2024 By: Reuters

UBS said on Thursday that increasingly tighter supplies of copper in the coming six to 12 months could lead to a deficit of more than 200 000 t in 2025, as demand grows for the metal key to energy... 


Powerlines
In another shock move, Eskom seeks review of Nersa decision to issue four new trading licences
31st October 2024 By: Terence Creamer

In another surprise move, Eskom has taken the seemingly regressive step of approaching the High Court for a review of the National Energy Regulator of South Africa’s (Nersa’s) decision to grant... 


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15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
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