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Mining

Eskom CEO Dan Marokane
Marokane says ‘holistic’ conversation needed on tariff rules and other regulatory gaps
30th August 2024 By: Terence Creamer

Eskom CEO Dan Marokane says the State-owned company is eager to participate in a “holistic conversation” about the gap that has emerged between the changes under way in the electricity sector and... 


Mount Marion, in Australia
Lithium bust spurs Ganfeng to delay project capex as losses hit
30th August 2024 By: Bloomberg

Battery-material giant Ganfeng Lithium Group said it would delay spending on projects that do not generate “significant” near-term returns after posting a first-half loss, as the industry faces a... 


Magazine round up | 30 August 2024
Magazine round up | 30 August 2024
30th August 2024

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


Magazine cover image
Digitalisation can help bolster safety across mines and factories
30th August 2024 By: Tasneem Bulbulia

While South Africa has made notable progress in reducing occupational injuries and diseases in the mining and industrial sectors, more needs to be done – including bolstering collaboration and... 


An image of South32 CEO Graham Kerr
South32 finishes year strongly, expands capital management programme
29th August 2024 By: Tasneem Bulbulia

Australia-headquartered South32’s financial results for the 2024 financial year were bolstered by an improved operating performance, disciplined cost management and higher prices for its key... 


workers outside mine
Resolute in a strong cash position at midyear, on track to meet full-year guidance
29th August 2024 By: Darren Parker

Australia- and London-listed Resolute Mining has reported a robust net cash position of $96.6-million and remains fully unhedged as of June 30. With the release of Resolute's financial results for... 


Lilac Solutions has raised over $300-million to commercialise its direct lithium extraction technology.
Lithium startups bet on high demand in battery-powered future
29th August 2024 By: Bloomberg

As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate... 


Explorer Lodestar stock soars
29th August 2024 By: Creamer Media Reporter

Western Australian exploration company Lodestar Minerals’ share price doubled on Thursday as the company restarted drilling at the Ned’s Creek project. Initial drilling will comprise two holes for... 


Implats Group Executive:Refining & Marketing Sifiso Sibiya.
Developing hydrogen economy key to future platinum group metals demand – Implats
29th August 2024 By: Martin Creamer

The development of the hydrogen economy and the latent potential offtake for platinum group metals (PGMs) is a key underpin to the long-term view of future demand and the role PGMs will play in a... 


Interim IDC CEO David Jarvis
IDC optimistic of industrial investment recovery following fall in disbursements to R15.9bn
29th August 2024 By: Terence Creamer

South Africa’s Industrial Development Corporation (IDC) is optimistic of converting the rise in business confidence that has accompanied the recent easing in loadshedding and visible efforts to... 


AECI sets foundation for growth in Peru with strategic land acquisition
29th August 2024 By: Creamer Media Reporter

As part of its strategy to further internationalise its Mining Service business, manufacturer of explosives and chemicals solutions for mineral processing AECI has acquired a development project in... 


The quality of Greenbushes shines through
Softer metal prices hit IGO bottom line
29th August 2024 By: Mariaan Webb

Miner and explorer IGO has posted full-year profit of A$3-million, a significant drop from the A$549-million posted in the 2023 financial year. The results were impacted by an A$172-million... 


illegal mining access points
CoJ wants unified forum to address illegal mining scourge
29th August 2024 By: Darren Parker

The City of Johannesburg's (CoJ’s) Environment and Infrastructure Services Department (EISD) has called for the establishment of a unified forum to address illegal mining, emphasising the need for... 


The Plutonic operation in Western Australia
Catalyst Metals posts maiden profit after three years
29th August 2024 By: Mariaan Webb

ASX-listed Catalyst Metals on Thursday reported its first profit, following a transformative three-year period in which the company acquired three companies and evolved from an explorer to a 110... 


Iron-ore’s ‘irrational’ rally past $100 triggers warning
Iron-ore’s ‘irrational’ rally past $100 triggers warning
29th August 2024 By: Bloomberg

Iron-ore has jumped by about 10% in 10 days to breach $100 a ton, prompting the official journal of China’s metals industry to pen a long article on why the gains are overdone. The steelmaking... 


Equinox Gold completes C$1.5m ‘Ride to Greenstone’ fundraiser
Equinox Gold completes C$1.5m ‘Ride to Greenstone’ fundraiser
29th August 2024 By: Creamer Media Reporter

After a remarkable journey of 3 634 km from Vancouver, British Columbia, to Geraldton, Ontario, the Equinox Gold cycling and support team has reached the Greenstone mine on Wednesday to to deliver... 


Borealis completes gold pour in Nevada
Borealis completes gold pour in Nevada
29th August 2024 By: Creamer Media Reporter

TSX-V-listed Borealis Mining has successfully completed its first gold pour of 2024 at its on-site adsorption, desorption, and recovery (ADR) facility, in Nevada. The milestone was achieved... 


Biden administration finalises solar lands plan, touts permitting progress
29th August 2024 By: Reuters

US President Joe Biden's administration said on Thursday it had finalized a plan to expand solar energy on federal lands in 11 western states, part of a broader push to speed the permitting and... 


Ecuador starts to shut down oil drilling on nature reserve
29th August 2024 By: Reuters

The Ecuadorean government on Wednesday began the process of shuttering oil wells in the 43-ITT block, located on a vast nature reserve, after voters last year backed a referendum to end drilling in... 


Euro Manganese applies for EU strategic project status
Euro Manganese applies for EU strategic project status
29th August 2024 By: Mariaan Webb

Vancouver-headquartered Euro Manganese has applied for Chvaletice, in Czech, to be designated a strategic project under the EU’s Critical Raw Materials Act (CRMA). The benefits of strategic project... 


Gem raises full-year production, sales guidance, despite prices remaining under pressure
29th August 2024 By: Creamer Media Reporter

London-listed Gem Diamonds, which owns and operates the Letšeng mine, in Lesotho, has increased its production guidance for the 2024 full-year to between 98 000 ct and 101 000 ct being recovered... 


The Implats team at 2024 results presentation, covered by Mining Weekly's Martin Creamer. Video: Creamer Media's Nicholas Boyd.
Headwind-hit Implats delivers guided production, controls costs
29th August 2024 By: Martin Creamer

Amid an operating environment constrained by macroeconomic headwinds and low prices for platinum group metals (PGMs), Implats delivered guided production volume and cost control in the 12 months to... 


McEwen goes 100% renewable at Los Azules
McEwen goes 100% renewable at Los Azules
29th August 2024 By: Mariaan Webb

The Los Azules copper project, in Argentina, will be fully powered by renewable energy, dual-listed McEwen Mining announced on Wednesday. McEwen Copper, in which McEwen Mining has a 48%... 


Dewatering progress at Gemco.
South32 commits $125m to cyclone-hit Groote Eylandt repairs
29th August 2024 By: Mariaan Webb

Mining company South32 is pouring $125-million into repair and remediation work at its Groote Eylandt manganese operation (Gemco) in Northern Territory, following the devastation caused by Cyclone... 


Orion MD and CEO Errol Smart
Orion granted water licence for Flat Mines project at Okiep
29th August 2024 By: Creamer Media Reporter

ASX- and JSE-listed Orion Minerals has been granted an integrated water-use licence (IWUL) for the pathfinder Flat Mines project at its Okiep copper project, in South Africa's Northern Cape... 


US sees bipartisan backing for Africa critical minerals projects
29th August 2024 By: Bloomberg

A senior US State Department official reassured African governments that an initiative to help counter China’s influence through developing infrastructure on the continent will continue even after... 


The Ambatovy mine in Madagascar
Sumitomo files debt overhaul plan for Madagascar nickel mine
29th August 2024 By: Bloomberg

Sumitomo Corp has filed a debt restructuring plan to a UK court for its Ambatovy nickel and cobalt project, in Madagascar. The plan would allow it to address plant equipment malfunctions and ensure... 


Kumba's Sishen mine
Kumba to treble premium iron-ore output at Sishen through ‘compelling’ R11.2bn investment
29th August 2024 By: Chanel de Bruyn

The board of Kumba Iron Ore has approved a further R7.6-billion investment in ultrahigh dense media separation (UHDMS) processing technology at the Sishen mine, in the Northern Cape. This follows... 


Chris Ellison
Mining billionaire who banned work from home targets coffee runs
29th August 2024 By: Bloomberg

Staff at billionaire Chris Ellison’s mining company have already been banned from working from home. Stepping outside for a coffee could well be the next endangered perk. “I want to hold them... 


Perseus delivers strong financial results, capital returns
28th August 2024 By: Creamer Media Reporter

Gold miner Perseus Mining has delivered "record" financial results for the financial year ended June 30, which reflect not only the strong gold price environment in which it is operating, but also... 


The Murray & Roberts head office
M&R to report narrowed full-year losses
28th August 2024 By: Creamer Media Reporter

Engineering and contracting group Murray & Roberts (M&R) expects to report narrowed losses for the financial year ended June 30. It expects to report a headline loss a share of between 19c and 29c... 


NAIF approves A$150m for Hemi gold project
NAIF approves A$150m for Hemi gold project
28th August 2024 By: Mariaan Webb

Northern Australia Infrastructure Facility (NAIF) has agreed to terms for a A$150-million loan to support development of ASX-listed De Grey Mining's Hemi gold project, in the Pilbara region of... 


Bellevue SPP fails to draw crowds
Bellevue SPP fails to draw crowds
28th August 2024 By: Creamer Media Reporter

Gold company Bellevue on Wednesday announced the closure of its share purchase plan (SPP), which fell significantly short of the miner’s target of A$25-million. The mining company managed to raise... 


transnet train
Transnet rolling out novel outcomes-based security approach to protect its infrastructure
28th August 2024 By: Darren Parker

State-owned Transnet is implementing a novel outcomes-based security (OBS) approach to combat the high levels of theft and vandalism on its rail network, chief security officer Ashwin Govind has... 


Port of Nqura laoding container on truck
TPT recovery on track but can be better, CE says
28th August 2024 By: Darren Parker

State-owned Transnet Port Terminals (TPT) CE Jabu Mdaki has expressed satisfaction with the company's progress in meeting its Phase 1 recovery plan targets, while also acknowledging the need for... 


More renewables on cards at South Deep gold mine, where 50 MW of solar is making major contribution.
More renewable energy on cards at South Deep – Gold Fields
28th August 2024 By: Martin Creamer

The provision of more renewable energy at the South Deep gold mine 50 km south-west of Johannesburg is under intense scrutiny by Gold Fields, which describes the mine’s two-year-old 50 MW solar... 


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pqt: 2.038s - ct: 2.255s - 414pq - 2rq
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