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Magazine round up | 16 February 2024
A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.
Barrick targets higher output this year after missing FY guidance
old is forecasting higher gold production in 2024, setting a target of 3.9-million to 4.3-million ounces for the year. This compares with gold production of 4.05-million ounces this year, which...
Stallion to sell noncore Athabasca projects
TSX-V-listed Stallion Uranium has entered into a definitive purchase and sale agreement, granting Glorious Creation the right to acquire a 100% interest in its Eastern Basin projects, comprising...
Heavy Minerals raises cash to complete Port Gregory PFS
Industrial mineral exploration company Heavy Minerals on Wednesday announced a capital raising through a share purchase plan (SPP) to raise up to A$750 000 to complete the Port Gregory project...
NickelX snaps up Canada uranium project
Australian exploration company Nickel X on Wednesday revealed its successful acquisition of uranium targets through low-cost claim staking in Ontario, Canada. This move aligns with its commitment...
Aguia appoints Brazil country manager
Australia-listed Aguia Resources has appointed Tim Hosking to the role of country manager for its Brazil operations. As country manager living full time in Brazil, Hosking will assume overall...
Azure scoops Craig Oliver award
Lithium exploration powerhouse Azure Minerals was awarded the Craig Oliver award at the RIU Explorers Conference in Fremantle on Tuesday. The award is dedicated to the former Sundance Resources...
Lundin reports fatality at Portugal mine
Canada-based Lundin Mining has reported a fatal incident at its Neves-Corvo zinc mine, in Portugal. The event occurred when an employee operating equipment underground was involved in a fall of...
Valor options Frazer Lake lithium project in Canada
Australia-based Valor Resources, which will reposition as Thunderbird Resources over the next few months, has acquired a low-cost option over a portfolio of highly prospective lithium projects in...
Eskom to downgrade loadshedding to Stages 3 and 4 from Tuesday
Power utility Eskom plans to downgrade loadshedding to Stage 3 from 05:00 on Tuesday. This will be followed by Stage 4 loadshedding from 16:00 on Tuesday to 05:00 on Wednesday. This pattern will be...
REE firm Medallion rebrands as Gabo Mining
Rare earth element (REE) company Medallion Resources is rebranding as Gabo Mining and will start trading on the TSX-V under the symbol ‘GAB’ on February 14. The company, which has developed a...
Electra receives govt grant for Ontario cobalt sulphate refinery
The Canadian government made a $5-million investment to support the construction of North America’s first cobalt sulphate refinery, dual-listed Electra Battery Materials reported on Friday. The...
Northern Nevada ‘far from being mature district’, says Barrick Gold
Northern Nevada, in the US, remains highly prospective for new gold discoveries and is “far from being a mature gold district”, says NYSE- and TSX-listed Barrick Gold CEO Mark Bristow. Using the...
Mandrake receives BLM permit for Utah lithium project
ASX-listed Mandrake Resources has received the required permitting form the US federal Bureau of Land Management (BLM) for the re-entry of two wells at the 379 km2 Utah lithium project, in the...
Syrah starts AAM production at Vidalia
Graphite miner Syrah Resources on Friday announced the start of active anode material (AAM) production at its new 11 250 t/y Vidalia facility, Louisiana. This has made the ASX-listed company the...
Kin Mining completes sale of WA gold deposits
ASX-listed Kin Mining has completed the sale of selected gold deposits in the Cardinia gold project, in Western Australia, to fellow-listed Genesis Minerals. The completion of the transaction this...
Paulsens refurbishment off to a strong start – Black Cat
ASX-listed Black Cat Syndicate has started refurbishment works on the processing facility at the Paulsens gold mine, in Western Australia. The company, which in November unveiled a new restart...
Aus govt invests in wind farm to power BHP copper mine
The Australian government, through the Clean Energy Finance Corporation, has announced a A$99-million investment in Neoen’s Goyder wind farm and big battery project, which will provide electricity...
Atlantic Council’s Africa Center launches programme on African critical minerals
The Africa Centre of think tank Atlantic Council is launching an innovative three-year programme focused on critical minerals in Africa. As home to 30% of the world’s critical-mineral reserves,...
Silver One acquires 'extremely rich silver vein' project
TSX-V-listed Silver One has exercised its option to acquire a 100% interest in the high-grade Phoenix Silver project, in the ‘Arizona Silver Belt’. The project covers 6 141 ha along the northern...
Loadshedding, logistics, water crises key themes of SoNA 2024
Engineering News editor Terence Creamer discusses some of the key themes that emerged during President Cyril Ramaphosa's final State of the Nation Address of the current administration and how...
Alliance Nickel inks term sheet for future offtake from WA mine
Australian company Alliance Nickel has agreed a non-binding team sheet with Samsung SDI for future offtake of battery-grade nickel and cobalt sulphate products from the NiWest nickel and cobalt...
SQM launches third call for lithium accelerator programme
Chile’s SQM Lithium Ventures has launched the third generation of its corporate acceleration programme focusing on innovative start-ups offering solutions within the lithium industry. The...
NioBay strengthens ‘green’ portfolio
TSX-V-listed NioBay Metals has executed a definitive option agreement with fellow-listed Vior to acquire an 80% undivided interest in the Foothills project, which has strong potential for the...
Gabon iron-ore developer Genmin seeks to raise A$28m
Emerging African iron-ore producer Genmin on Wednesday kicked off a fundraising for about A$28.4-million to advance its Baniaka project, in Gabon. This comes as the company was recently awarded a...
Argonaut secures new uranium asset in S Australia
Exploration company Argonaut Resources, which is set to rebrand as Orpheus Uranium, has acquired a promising uranium exploration project in South Australia known as the Woolshed project....
High grades intersected in new NSW lithium province
ASX-listed Stelar Metals has intersected high-grade mineralisation in the initial reconnaissance drilling programme undertaken at the Trident lithium project, about 50 km from Broken Hill, in New...
Copper and uranium explorer announces ASX listing
Litchfield Minerals, a junior exploration company focused on the Northern Territory, on Wednesday announced its planned listing on the ASX. With an initial focus on uranium and copper exploration,...
Pilbara extends Chengxin offtake agreement
Australian lithium producer Pilbara Minerals has extended its offtake agreement with integrated lithium chemicals producer Chengxin Group. Under the existing short-term agreement, signed in 2023,...
S&D pipe SANS 791 certification: Draft 1
Agrico adds SANS 791-certified sewage and drain pipe to its product offering. We are proud to announce that Agrico received SANS 791 certification for the production of sewage and drain (S&D) pipe.
Anglo's Minas-Rio, Barro Alto mines complete IRMA audit; more mines to follow
Diversified miner Anglo American’s Minas-Rio iron-ore and Barro Alto nickel mines, in Brazil, have been assessed against the Initiative for Responsible Mining Assurance's (IRMA’s) comprehensive...
Freeport-McMoRan appoints new CEO
US-headquartered Freeport-McMoRan has appointed Kathleen Quirk as new president and CEO, with effect from June 11, succeeding long-time CEO Richard Adkerson. Adkerson, who served as CEO for 20...
Aurelia warns major rain event could impact development
Heavy rainfall linked to ex-tropical Cyclone Kirrily, which has impacted much of central and western New South Wales, could have potentially affect Aurelia Metals’ project schedule at its...
Rio Tinto’s Kennecott discontinues Madison earn-in
Kennecott Exploration, a subsidiary of Rio Tinto, has discontinued its 11-year Madison earn-in agreement to acquire a 70% interest in American Pacific’s Madison mine project, in Montana. American...
Aurum raises cash for West African gold hunt
Exploration company Aurum Resources on Tuesday announced it would raise about A$7-million in an oversubscribed share placement, after receiving firm commitments from institutional and sophisticated...
Capstone starts trading on Australian exchange
Vancouver-headquartered Capstone Copper has made its debut on the ASX. The ASX approved the company’s secondary listing and Capstone was admitted to the official list of the ASX on January 31.
Rail setback for Ardmore phosphate mine
ASX-listed Centrex is investigating road transport alternatives for phosphates concentrate from its Ardmore mine, after a portion of the Mount Isa-Townsville rail network has been damaged in the...
Midas exercises option over Canada lithium projects
Mineral exploration junior Midas Minerals has exercised an option to acquire 100% of the Greenbush and Barbara Lake litium projects in Ontario, Canada, for C$65 000 in cash and a grant of 1% net...
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