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Lithium miner says market fears waning as funding hunt resumes

By: Bloomberg     21st March 2019 After hitting heavy resistance last year in its search to raise capital, junior miner Bacanora Lithium Plc believes the time is right to resume its hunt. In July, the London-based company pulled a $100-million share sale designed to finance construction of Mexico’s first lithium mine. Now... 

Mercedes-Benz South Africa produces 500 000th W205 C-Class

By: Irma Venter     20th March 2019 The 500 000th W205 C-Class – the current model – rolled off the line at the Mercedes-Benz South Africa (MBSA) assembly plant in East London, in the Eastern Cape, on March 16. MBSA also this year celebrates 25 years of manufacturing the C-Class sedan and 25 years of women on the production line. 

Bacanora granted additional exploration licence for Zinnwald

By: Creamer Media Reporter      20th March 2019 London-traded Bacanora Lithium has been granted an additional exploration licence in the Erzgebirge region of Saxony, which has the potential to significantly increase the life of mine at its Zinnwald project. Bacanora’s 50%-owned subsidiary, Deutsche Lithium, has been granted an additional 42... 

Palladium tops $1 600 as metal sets new highs on supply shortage  

By: Bloomberg     19th March 2019 Palladium topped $1 600/oz for the first time, and there’s little sign of the rally slowing as global supply tightens. The price of the metal – mainly used in autocatalysts in gasoline vehicles – has almost doubled from a recent low in August. Demand has remained robust as manufacturers scramble... 

Vale dam fallout deepens with mine closure and blocked funds

By: Bloomberg     19th March 2019 Vale’s shares declined on Monday as the world’s biggest iron-ore producer faces continued backlash from Brazilian authorities after a deadly mining accident in January. Rio de Janeiro-based Vale was ordered on March 15 to shut its Timbopeba mine in Minas Gerais state, which produces 12.8-million... 

Rio Tinto must face SEC suit over Mozambique coal assets 

By: Bloomberg     19th March 2019 Rio Tinto Group must face a US Securities and Exchange Commission (SEC) lawsuit over the company’s valuation of coal assets in Mozambique, a federal judge ruled. US authorities in October 2017 filed fraud charges against London-based Rio Tinto, former CEO Tom Albanese and former CFO Guy... 

Bluebird raises funds for South Korean gold projects

By: Tasneem Bulbulia     18th March 2019 Asia-focused resource development group Bluebird Merchant has successfully raised £436 500, which it will use to advance its South Korean gold projects. The London-listed company reported on Monday that it had placed all the available headroom of 19 400 000 shares and that its management had... 

Alrosa wants controlling stake to mine in Zimbabwe

By: Reuters     18th March 2019 Russian State-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday. Zimbabwe is seeking to attract investment and has... 

African Battery Metals buys a stake in Katoro

By: Marleny Arnoldi     15th March 2019 London-listed African Battery Metals (ABM) has acquired an interest in London-listed Katoro Gold and further entered into an option agreement to acquire an interest in Katoro’s Haneti nickel project, in Tanzania. Under the terms of the agreements, ABM will be acquire up to ten-million new... 

Commonwealth digital connectivity initiative to be led by SA and the UK

By: Rebecca Campbell     15th March 2019 The UK and South Africa have agreed to co-lead the Commonwealth Digital Connectivity Agenda. This is aimed at supporting inclusive growth and sustainable development in Commonwealth countries by promoting the exchange of best practices, experiences and views between the international body’s... 

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