Telecommunications to play a critical role in upcoming elections

As South Africa approaches its 2024 national elections, scheduled for May 29, telecommunications infrastructure will play a key role in ensuring seamless communication among voters, electoral... 

Panel highlights the urgency of climate change governance

A panel experts recently underscored the critical importance of climate change governance for businesses and governments worldwide in a webinar hosted on April 17, 2024, by Creamer Media Webinars... 

West Red Lake announces C$30m bought-deal offering

West Red Lake, the owners of the Madsen gold mine in Ontario, has announced a C$30-million bought deal public offering of units. The TSX-V-listed firm entered into an agreement with Raymond James... 

Spar Group to list on A2X

Retailer Spar Group has been approved for a secondary listing on A2X Markets (A2X) and its shares will become available for trade on the exchange from May 15. Spar has wholesale warehousing and... 

De Grey raises A$600m for WA gold project

Western Australian gold explorer and developer De Grey Mining has launched a fully underwritten A$600-million equity raising, derisking the equity component of the financing for the Hemi project.... 

Sierra Rutile to restart Area 1 operations

ASX-listed Sierra Rutile on Tuesday announced the planned to restart of Area 1 mining operations, pending a contract for additional power generation capacity and assuming that a new fiscal regime... 

Firebird advances feasibility of manganese sulphate production in China

Australia’s Firebird Metals has announced promising results from its feasibility study for the production of battery grade manganese sulphate in China. The study, focused on the first stage of... 

Glencore sells stake in Peru zinc miner Volcan

Swiss-headquartered Glencore has announced a definitive agreement to sell its stake in Volcan Compañia Minera to a subsidiary of Integra Capital. Transition Metals will pay Glencore $20-million... 

South Star makes first graphite sale from Santa Cruz

TSX-V-listed South Star on Tuesday announced a binding sales agreement for the initial purchase of 100 t of graphite concentrate from the Santa Cruz mine, in Brazil. The material will be shipped... 

Silver Hammer pulls the plug on Shafter project purchase

Junior resources company Silver Hammer Mining has called off its definitive share purchase agreement with Aurcana Silver concerning the Shafter deposit, in Texas. Silver Hammer CEO Peter Ball said... 

Savanna reports passing of former CEO David Archer

London-listed Savannah Resources, the developer of the Barroso lithium project in Portugal, on Tuesday reported the sudden and unexpected passing of former CEO, David Archer. Archer was the CEO of... 

Patriot discovers new high-grade zone

Dual-listed Patriot Battery Metals has announced the discovery of a new high-grade zone at the CV13 spodumene pegmatite following the recently completed winter drill programme at Corvette, in... 

Bellevue accelerates next leg of growth strategy

Western Australian miner Bellevue Gold has initiated expansion studies at its namesake gold project, in Western Australia, following the successful commissioning and ramp-up of the new mine.... 

Eastplats reports record revenue for 2023 financial year

JSE- and TSX-V-listed Eastern Platinum (Eastplats) has reported net income attributable to shareholders of $13.8-million for the 2023 financial year, compared with a loss of $900 000 for the 2022... 

Sibanye appoints Peter Hancock as nonexec director

Multinational mining and metals processing group Sibanye-Stillwater has appointed Peter Hancock as independent nonexecutive director, with effect from May 6. Hancock is a mining industry executive... 

Walkabout warns of short-term impact on Tanzania exports following cyclone

ASX-listed Walkabout Resources says its Lindi Jumbo graphite mine, in Tanzania, was only mildly impacted on by heavy rains and a brief power interruption as a result of cyclone Hidaya, which passed... 

Theta raises $10m

ASX-listed Theta Gold Mines, which owns gold assets in South Africa, has received a firm commitment from Hong Kong Ruihua Investment Management to invest $10-million in the company through a share... 

Hot Chili arranges nearly A$30m for Chile copper project

ASX-listed copper miner Hot Chili has arranged about A$30-million in funding to accelerate its Costa Fuego copper project, located in the coastal range of Chile. The company, which also trades on... 

Harmony reports second fatality in a week

A rock drill operator has died following a fall-of-ground incident at Harmony Gold Mining Company's Doornkop mine, in Gauteng, on May 2. “We are deeply saddened by this loss of one of our... 

Tirupati offers to meet with shareholders who sought the removal of three directors

Specialist graphite producer Tirupati Graphite says its directors have offered to meet with shareholders who have requested a general meeting be held to allow shareholders to vote on the removal of... 

O3 terminates option to acquire Aurbel mill

Exploration and development company O3 Mining has terminated its option with Eldorado Gold to acquire the Aurbel mill, which is located about 10 km from its Alpha property in Quebec. In 2022, O3... 

Reigniting growth in South Africa's real economy

Engineering News editor Terence Creamer talks about the highs and lows of South Africa's real economy in the 30 years of democracy, as well as what could be done to reignite the manufacturing... 

Canadian junior kicks off exploration programme in Bougainville

Island Passage Development Canada Limited (IPDC) has announced the initiation of a large-scale mineral exploration programme on Bougainville island, marking the first major exploration effort since... 

Kathleen Valley nearing first production

Lithium developer Liontown is getting closer to first production – scheduled for mid-year – with the miner this week reaching the key milestone of crushing first ore at its flagship Kathleen Valley... 

Copper miner Austral placed in receivership

Copper miner Austral Resources has been placed in receivership. Creditor Wingate has appointed Jason Tracy, Grant Sparks and Sean Holmes as joint and several receivers and managers. “The business... 

John Harris

This week we profile John Harris, executive director: business solutions and finance at Infinitus Reporting Solutions, a provider of software and services in the corporate performance management space 

Underground construction employee dies at Harmony's Mponeng mine

Gold miner Harmony Gold Mining Company reports that an underground construction employee, working on planned rail maintenance, died at its Mponeng mine near Carletonville, in Gauteng, on May 1. The... 

Pan American to sell La Arena stake to Zijin

NYSE- and TSX-listed Pan American Silver on Wednesday announced the sale of its interest in LA Arena in Peru to a subsidiary of Zijin Mining for up to $295-million. “With the sale of La Arena, we... 

Stillwater Critical Minerals raised C$3.89m in oversubscribed placement

TSX-V-listed Stillwater Critical Minerals has successfully completed C$3.89-million in a nonbrokered placement, surpassing expectations with a 55% oversubscription. Commodities powerhouse Glencore... 

Absa PMI rises to 54 in April on the back of improved business activity

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) improved to 54 in April, following a dip to 49.2 – below the neutral 50-point mark – in March, on the back of improved business... 

Rick Menell joins Perseus board as nonexec director

Mining veteran Rick Menell has joined the board of Africa-focused gold producer Perseus Mining as a nonexecutive, independent director. "I am extremely pleased to welcome Rick Menell to the board... 

Barrick moves to tap into Jamaica’s mineral potential

Gold and copper major Barrick is set to venture into Jamaica’s untapped minerals landscape through an earn-in agreement with private exploration company Geophysx. Geophysx has strategically... 

Ironveld appoints Kristoffer Andersson CEO

London-listed Ironveld, which owns a high-purity iron, vanadium and titanium project on the northern limb of the Bushveld Complex, in Limpopo, South Africa, has appointed Kristoffer Andersson CEO.... 

Atlantic Lithium given the go-ahead to list on Ghana exchange

Africa-focused lithium exploration and development company Atlantic Lithium has received approval from the Ghana Stock Exchange's (GSE's) listing committee and Ghana's Securities and Exchange... 

Macmahon secures $352m contract extension at Boston Shaker

Mining services group Macmahon has been granted a three-year extension of its alliance-style contract with AngloGold Ashanti at the Boston Shaker underground mine, part of the Tropicana gold... 

Panel highlights the urgency of climate change governance

A panel of experts recently underscored the critical importance of climate change governance for businesses and governments worldwide in a webinar hosted on April 17, 2024, by Creamer Media... 

Fortescue consortium awarded rights to develop Oman green hydrogen project

A consortium between green energy and metals group Fortescue and sustainable infrastructure investor Actis has been awarded the rights to develop, build, own and operate a large green hydrogen... 

FIRB approves Azure takeover by SQM and Hancock

The Foreign Investment Review Board (FIRB) has approved the acquisition of ASX-listed Azure by SH Mining – a bid vehicle jointly owned by Sociedad Quimica y Minera de Chile (SQM) and Hancock... 

Mosaic sells stake in Saudi JV for $1.5bn

US-based fertiliser company Mosaic on Tuesday announced the sale of its stake in a phosphate production venture to Saudi Arabia’s Ma’aden. Mosaic will receive 111.01-million shares of the Saudi... 

Resolute reports 'promising' start to 2024, despite lower first-quarter output

ASX- and LSE-listed Resolute Mining poured 76 351 oz of gold in the first quarter of this year, compared with the 80 037 oz poured in the fourth quarter of 2023. Despite the lower production, CEO...