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Graphite producer Volt appoints new nonexec director
22nd August 2024 By: Mariaan Webb

Graphite producer and battery materials developer Volt Resources has appointed Dominic Virgara – one of the largest shareholders of Volt and former owner and MD of Techforce Personnel – to its... 


Mantengu regains control over Goudini chrome operations
22nd August 2024 By: Darren Parker

JSE-listed Mantengu Mining has announced that its subsidiary Meerust Chrome has regained full operational control over the chrome mining and processing environment on the Goudini farm in the North... 


Patriot targets 400 000 t/y in Shaakichiuwaanaan Phase 1
Patriot targets 400 000 t/y in Shaakichiuwaanaan Phase 1
22nd August 2024 By: Mariaan Webb

Dual-listed Patriot Battery Metals has announced the results of a preliminary economic assessment (PEA) for the Shaakichiuwaanaan project, in the James Bay region of Quebec, Canada. The PEA... 


The 2 492 ct diamond from the Karowe diamond mine in Botswana
Karowe delivers its biggest find yet – an ‘exceptional’ 2 492 ct diamond
22nd August 2024 By: Sabrina Jardim

Canadian diamond miner Lucara Diamond Corp has recovered an “exceptional” 2 492 ct diamond from its Karowe mine, in Botswana. Detected and recovered by the company’s Mega Diamond Recovery X-Ray... 


BHP's first electric excavator operational at WA iron-ore mine
BHP's first electric excavator operational at WA iron-ore mine
22nd August 2024 By: Creamer Media Reporter

Diversified major BHP has reported a milestone in its decarbonisation strategy with the introduction of its first electric excavator at the Yandi iron-ore mine in Pilbara, Western Australia. The... 


MCA disappointed by McPhillamys intervention
MCA disappointed by McPhillamys intervention
22nd August 2024 By: Mariaan Webb

Minerals Council of Australia (MCA) CEO Tania Constable has expressed the organisation's disappointment with the federal government’s decision to intervene in the McPhillamys gold project, noting... 


Sibanye CEO Neal Froneman
Sibanye secures €500m green loan to develop its Keliber lithium project
22nd August 2024 By: Darren Parker

JSE- and NYSE-listed Sibanye-Stillwater has executed a €500-million green loan financing facility for its Keliber lithium project, in Finland, through its subsidiary Keliber Technology Oy. The... 


Whitehaven sells 30% of Blackwater coal mine for $1.08bn
Whitehaven sells 30% of Blackwater coal mine for $1.08bn
22nd August 2024 By: Mariaan Webb

Australia’s Whitehaven Coal on Thursday announced the sale of a 30% stake in the Blackwater metallurgical coal mine, near Emerald in Queensland, for $1.08-billion in cash. The ASX-listed company... 


Prime Minister Justin Trudeau
Trudeau calls on railways, union to reach deal to avoid strike
22nd August 2024 By: Bloomberg

Prime Minister Justin Trudeau is urging Canada’s two largest railways and unionised workers to reach a deal to avert a strike that businesses warn will cause significant harm to the Canadian and US... 


SQM keeps expanding into lithium glut but vows market review
SQM keeps expanding into lithium glut but vows market review
22nd August 2024 By: Bloomberg

The world’s No. 2 lithium producer SQM shipped record-high volume last quarter and vowed to keep growing production in Chile even as slumping prices prompt a review of “less attractive” markets.... 


Peabody rises after Thomist takes stake, suggests buybacks
Peabody rises after Thomist takes stake, suggests buybacks
22nd August 2024 By: Bloomberg

Peabody Energy rose more than 7% after Thomist Capital Management disclosed a 9.96% stake and urged the coal miner to buy back shares. Thomist suggested to Peabody management that the company... 


Arch merges with Consol to create a coal-export powerhouse
Arch merges with Consol to create a coal-export powerhouse
22nd August 2024 By: Bloomberg

US coal producer Arch Resources Inc. agreed to merge with rival Consol Energy in a $2.3-billion deal aimed at creating a North American mining heavyweight to deliver the fuel around the world. The... 


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... 


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