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Mining

Chilean court orders halt of union roadblocks at Caserones mine
22nd August 2024 By: Reuters

- A Chilean court ordered a striking union at the Caserones copper mine to stop blocking roads around the mine, according to a ruling released on Wednesday. Canada's Lundin Mining, which owns the... 


Jubilee CEO Leon Coetzer
Jubilee exceeds chrome production guidance, meets copper production target
21st August 2024 By: Creamer Media Reporter

Diversified metals producer Jubilee Metals Group has met its copper production targets and exceeded its chrome production guidance for the fourth quarter of its 2024 financial year. The company's... 


Sibanye terminates key supply contract for Sandouville refinery
Sibanye terminates key supply contract for Sandouville refinery
21st August 2024 By: Mariaan Webb

Critical minerals and precious metals miner Sibanye-Stillwater on Wednesday announced the termination of a key commercial supply contract for its Sandouville nickel refinery in France. The... 


Perseus to sell its shareholding in Montage Gold
21st August 2024 By: Sabrina Jardim

ASX-listed Perseus Mining has agreed to sell 33-million common shares in the capital of TSX-V listed gold explorer and aspiring developer Montage Gold Corp to BMO Nesbitt Burns at a price C$1.86 a... 


DRDGOLD CEO Niël Pretorius.
Big win for DRDGOLD is 60 MW solar farm as it repositions for future
21st August 2024 By: Martin Creamer

The big win for surface gold recovery company DRDGOLD is the 60 MW solar farm built at Ergo in the 12 months to June 30. “I call it a R3-billion prepaid electricity facility that will take care of... 


Mkango raises funds to advance its portfolio of projects
21st August 2024 By: Creamer Media Reporter

Aim- and TSX-V-listed Mkango Resources has conditionally raised gross proceeds of £1.25-million through the issuance, on a private placement basis, of 25-million units of the company at about 5p a... 


Toubani secures A$10m for Mali gold project
21st August 2024 By: Creamer Media Reporter

Australia-listed Toubani Resources has raised A$10-million in a two-tranche placement for its Kobada gold project, in Mali. The placement comprises 58.8-million new ordinary shares at an issue... 


Solar PV panels being installed
OptiPower, Coxabengoa JV awarded R1.2bn solar contract for mining company
21st August 2024 By: Schalk Burger

Energy infrastructure project delivery company OptiPower, which is a trading division of engineering and contracting company Murray & Roberts (M&R), has, in a joint venture (JV) with Spanish energy... 


The White Mesa mill in Utah
FIRB approves Energy Fuels’ acquisition of Base
21st August 2024 By: Mariaan Webb

US-based Energy Fuels has received written confirmation from the Foreign Investment Review Board(FIRB)  that the Australian government has no objections to its proposed merger with ASX- and... 


Drilling rig mobilises to test gold and antimony at Hillgrove
Drilling rig mobilises to test gold and antimony at Hillgrove
21st August 2024 By: Creamer Media Reporter

An exploration drill rig is set to mobilise to the Hillgrove project, in New South Wales, next week, said ASX-listed Larvotto Resources on Wednesday. This followed the receipt of drilling permits... 


Regis books A$192m impairment on McPhillamys
Regis books A$192m impairment on McPhillamys
21st August 2024 By: Mariaan Webb

Australian gold developer Regis Resources on Wednesday announced “regrettable, but prudent actions”, including writing down the value of the now-unviable McPhillamys gold asset after a... 


St Barbara chooses saleable concentrate flowsheet for Simberi
St Barbara chooses saleable concentrate flowsheet for Simberi
21st August 2024 By: Mariaan Webb

Australian miner St Barbara has accelerated its decision-making process by selecting the saleable concentrate flowsheet option for its Simberi sulphides expansion project, three months ahead of... 


Panoramic to be removed from official list
21st August 2024 By: Creamer Media Reporter

The ASX will remove defunct nickel miner Panoramic Resources from its official list on August 28, over nonpayment of listing fees. FTI Consulting, the administrators for Panoramic Resources, have... 


Revised PEA for Oroco’s Mexico project delivers positive results
21st August 2024 By: Tasneem Bulbulia

TSX-V-listed Oroco Resources has published the results of a revised preliminary economic assessment (PEA) and updated mineral resource estimate for the North zone and South zone of its Santo Tomas... 


Shipping delays dent Atico's second-quarter revenue, income
21st August 2024 By: Creamer Media Reporter

TSX-V-listed Atico Mining Corporation has posted a net loss of $400 000 for the second quarter of this year, compared with income of $100 000 in the second quarter of 2023, on the back of lower... 


An image of Sibanye-Stillwater CEO Neal Froneman
Sibanye refinances, upsizes credit facility, concludes R1.8bn gold prepay arrangement
21st August 2024 By: Tasneem Bulbulia

JSE- and NYSE-listed Sibanye-Stillwater has refinanced and upsized its rand revolving credit facility (RCF) from R5.5-billion to R6-billion and has also concluded a R1.8-billion gold prepayment... 


Impact Silver reports strong second-quarter revenue growth
21st August 2024 By: Creamer Media Reporter

TSX-V-listed Impact Silver, which owns assets in Mexico, has reported a 40% year-on-year increase in revenue to $7.7-million for the second quarter. This included $1.8-million in revenue... 


Ivanhoe Electric appoints investor relations, business development VP
21st August 2024 By: Creamer Media Reporter

US critical metals company Ivanhoe Electric has appointed Mike Patterson VP of investor relations and business development, with effect from August 19. Patterson is a seasoned professional with a... 


Resources Watch
Resources Watch
21st August 2024

This week: Africa delivers ‘usual reliable performance’ with steady output, lower costs; Merafe reports R720m half-year profit on higher chrome ore prices, weaker currency and, Exxaro expecting... 


Gold panning
Zimbabwe bans riverbed mining to protect water sources
21st August 2024 By: Bloomberg

Zimbabwe has banned riverbed alluvial mining with immediate effect to protect the environment, a move that could impact many of the country’s gold miners. Agriculture Minister Anxious Masuka made... 


China’s exports of critical minerals recover after curbs imposed
21st August 2024 By: Bloomberg

Chinese exports of critical minerals are returning to more normal levels, undercutting fears that the restrictions imposed by the government last year could choke off supplies crucial to high-tech... 


Iron-ore stockpiles
Iron-ore rises for third day on China policy support optimism
21st August 2024 By: Bloomberg

Iron-ore rose for a third day — recovering more of its 9% plunge last week — on signs Chinese authorities will take more steps to try and revive the country’s moribund property market. The... 


Coal stockpiles at a mine in Virginia in the US
Coal miner Arch Resources is said to be in talks to merge with Consol
21st August 2024 By: Bloomberg

Arch Resources is nearing an agreement to merge with Consol Energy in a combination that would create a $5-billion coal mining company, according to people familiar with the matter. An agreement... 


The Antamina copper mine
Peru's copper output this year likely to fall short of 3Mt goal, SNMPE says
21st August 2024 By: Reuters

Peru will likely produce between 2.7-million and 2.8-million metric tons of copper this year, the head of a major mining group told Reuters on Tuesday, with estimated output falling below the... 


Santos operations in Australia
Australia's Santos misses profit view on production costs, lower prices
21st August 2024 By: Reuters

Australian oil and gas explorer Santos posted a bigger-than-expected fall in first-half profit on Wednesday, dented by lower realised prices and higher production costs amid weak demand from top... 


Dominican Republic creates State miner to explore for rare earths
21st August 2024 By: Reuters

The Dominican Republic on Tuesday said it will create a state mining firm to explore and exploit the nation's key mining resources, including rare earth minerals. The Dominican presidency said in a... 


SQM's operations in Chile
Chile's SQM posts 63% slump in profit, expects weak lithium prices to stay
21st August 2024 By: Reuters

Chile's SQM, the world's second-largest lithium producer, reported a bigger-than-expected 63.2% slide in its quarterly profit on Wednesday due to weak prices of the battery metal, which it expects... 


Inaugural symposium explores opportunities, challenges for women in mining
20th August 2024 By: Tasneem Bulbulia

South Africa’s mining industry has made some strides in improving gender parity; however, more needs to be done to bolster this, including tackling issues such as gender-based violence, speakers... 


Regis deems McPhillamys gold project ‘not viable’ following environmental declaration
Regis deems McPhillamys gold project ‘not viable’ following environmental declaration
20th August 2024 By: Creamer Media Reporter

ASX-listed Regis Resources has announced that its McPhillamys gold project is no longer considered viable due to a recent environmental protection declaration by Environment Minister Tanya... 


Terra Uranium and ATHA negotiating option agreements over Athabasca projects
20th August 2024 By: Creamer Media Reporter

TSX-V-listed ATHA Energy has announced a nonbinding letter of intent with ASX-listed Terra Uranium for potential option and joint venture (JV) agreements. Should the companies negotiate a... 


Zimplats' revenues fall on softer metal prices
20th August 2024 By: Darren Parker

Platinum miner Zimplats has reported a 20% year-on-year decrease in revenue, dropping from $962.3-million at the end of the 2023 financial year to $767.1-million at the close of the 2024 financial... 


Australia’s Unico secures final piece of regional consolidation
20th August 2024 By: Mariaan Webb

Australia-listed Unico Silver has announced a letter of intent to buy two Chile projects from NYSE-listed Pan American Silver in an acquisition that MD Todd Williams says will elevate the company... 


Cape Town Archbishop and Renewal Programme Patron Thabo Makgoba.
Mining companies need mechanisms to solve conflicts, Marikana memorial hears
20th August 2024 By: Martin Creamer

Mining companies need mechanisms to solve conflicts by reaching consensus with stakeholders on dealing with grievances and disputes, former Minerals Council South Africa VP and current Transnet... 


Altona appoints new chairperson
20th August 2024 By: Darren Parker

London-listed rare earth elements exploration and development company Altona has appointed Simon Charles chairperson, with immediate effect. Charles is a Marriott Harrison solicitor and senior... 


Copper prospect in Namibia
Emerging Namibian copper miner appoints Demirkaya to head tech infrastructure
20th August 2024 By: Marleny Arnoldi

Namibia-based Consolidated Copper Corp (CCC) has appointed Yalkin Demirkaya as chief information officer and chief information security officer. The company says his appointment will enhance the... 


large dump trucks
Aveng demerger signals possible exit from South African market
20th August 2024 By: Darren Parker

Construction, engineering and contract mining group Aveng has outlined plans to split its Australian and South African operations into two separate and independent entities. This demerger, which... 


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