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... 

Volt announces strategic investment to commence field ops in Delaware basin

TSX-V-listed lithium development and technology company Volt Lithium on Monday announced strategic investment of $1.5-million by a company with operations in the Delaware basin of West Texas for... 

Sandfire driving forward Black Butte

Australia-headquartered miner Sandfire Resources is continuing to support the Sandfire Americas team to progress the Black Butte project, in Montana, CEO Brendan Harris said on Tuesday. Sandfire... 

MC Mining's Uitkomst Colliery increases quarterly output following turnaround plan

Run-of-mine (RoM) coal production at MC Mining's Uitkomst steelmaking and thermal coal mine, in South Africa, increased by 14% year-on-year to 115 909 t for the quarter ended March 31 – the third... 

Antilles disappointed with Dominican arbitration award

ASX-listed Antilles Gold chairperson Brian Johnson on Tuesday expressed the company’s disappointment with the tribunal of the International Centre for Settlement of Investment Dispute’s (ICSID’s)... 

Asic targets Magnis and Poullas over disclosure failures

The Australian Securities and Investments Commission (Asic) has initiated civil penalty proceedings in the Federal Court against graphite company Magnis Energy Technologies and its executive... 

Gem recovers another greater-than-100-ct diamond

London-listed Gem Diamonds has recovered a 118.74 ct Type II white diamond recovered at its 70%-owned Letšeng mine, in Lesotho. This is the fifth diamond weighing more than 100 ct to be recovered... 

DMRE announces petrol price increase, diesel price decrease for May

The price of petrol, both 93 and 95, will increase by 37c/ℓ as of May 1, while diesel prices will decrease by 30c/ℓ and 36c/ℓ for 0.05% sulphur and 0.005% sulphur, respectively, the Department of... 

West Cobar adds scandium to Salazar basket

ASX-listed Cobar Metals has announced a maiden resource estimate for scandium, adding to the already valuable basket of minerals hosted at the Salazar project, north-east of Esperance in Western... 

Japanese to partner on Kalgoorlie nickel project

Japanese multinational companies Sumitomo Metal Mining (SSM) and Mitsubishi have thrown their weight behind the Kalgoorlie nickel project – Goongarrie hub, in Western Australia. ASX-listed Ardea... 

Nene steps down as MC Mining chair

South Africa-focused coal company MC Mining on Friday announced the resignation of Nhlanhla Nene as director and chairperson of the board. Nene joined the company on April 11, 2022, initially... 

Africa Mining Projects in Progress 2024

There is a significant, virtually unparalleled opportunity and “appetite” for Africa’s minerals and metals. Consequently, Africa potentially stands to benefit considerably from this minerals... 

Work starts on market code for future competitive electricity industry

Engineering News editor Terence Creamer discusses the work that has started on a market code for a competitive electricity industry in South Africa; what still needs to be done to transition to a... 

Henry Adams

This week we profile Henry Adams, country manager at InterSystems, the primary business of which is supplying and supporting software products 

What’s holding back Tanzania’s recovery?

What’s holding back Tanzania’s economic recovery? The World Bank states that Tanzania has benefited from “strong macro fundamentals” and emerged from the Covid-19 pandemic and resulting global... 

WEIGHING OPTIONS

Eskom and government are considering private and foreign options to fund a R390-billion expansion of the electricity grid as more renewable generation comes online. Bloomberg reports that talks are... 

REQUEST FOR INFORMATION (RFI)

Bid Number: RFI 22/04/24/001 Issue Date: 22 April 2024 Closing Date: 05 May 2024 Closing Time: 17:00 PM Bid Validity Period: Not applicable since this is a Request for Information (RFI) issued... 

Gem to report 15% q/q rise in carat sales for the first quarter

London-listed Gem Diamonds notes in a trading update for the first quarter of this year that it sold 32 571 ct of diamonds recovered from its 70%-owned Letšeng mine, in Lesotho. This represents a... 

Blackwater on track for first gold pour in H2 – Artemis

Construction of the Blackwater mine, in central British Columbia, is continuing to progress on schedule, keeping the mine on track for its first gold pour in the second half of the year. At March... 

Expert Seminar - ZINC IN ACTION - Galvanizing & Zn corrosion protection

Join the International Zinc Association (IZA) for an expert seminar on the role of zinc in protecting steel against corrosion.  

Armadale sets out to earn a majority stake in US silver asset

Aim-listed investment company Armadale Capital, which holds mine investments in Africa, has entered into an agreement to earn a 50% interest in Africo American Incorporated (AAI), the holding... 

Acquabox offers sustainable drinking water solutions

Acquabox has extended its water delivery services nationwide, offering a sustainable alternative to traditional bottled water delivery services and enables access to water as piped supply is... 

G Mining draws remaining $33m for TZ project

Toronto-listed G Mining Ventures (GMIN) has successfully drawn the remaining $33-million on its $75-million senior secured term loan with an affiliate of Franco-Nevada, in accordance with an... 

Graphite expert appointed to Kasiya development team

ASX- and Aim-listed Sovereign Metals has appointed consultant Dr Surinder Ghag to its owner’s team as chief technology officer for graphite. Ghag will assist Sovereign’s graphite strategy in... 

Boss produces first drum of uranium

Australia’s Boss Energy has produced its first drum of uranium at its Honeymoon uranium project, in South Australia. This is a milestone as part of the commissioning process at Honeymoon, which... 

TMC produces first nickel sulphate from deep seafloor polymetallic nodules

Exploration company TMC has successfully produced nickel sulphate exclusively from seafloor polymetallic nodules. This, the Nasdaq company says, has never been accomplished before. Conducted in... 

MAC sketches long-life vision for CSA copper mine

NYSE- and ASX-listed Metals Acquisition Limited (MAC) has announced a new resource and reserve statement for the CSA copper mine, in Australia, outlining a vision for a long-life operation.... 

Copper 360 asks FSCA to investigate 'unusual' trades in its shares

JSE-listed copper miner Copper 360 has informed shareholders that it has noticed "unusual and uncommercial" trades in its shares, resulting in a substantial drop in its traded price. "The trades in...