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Tasneem Bulbulia is a Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.
Perseus intends to make takeover bid for OreCorp, rivalling Silvercorp
ASX-listed Perseus Mining has announced its intention to make an off-market takeover offer for all of the issued shares in ASX-listed OreCorp that it does not already own for a cash consideration...
Graphite concentrate from Volt’s Tanzania project meets customer requirements
ASX-listed graphite producer and natural graphite anode developer Volt Resources says a portion of graphite ore from its 100%-owned Bunyu graphite project, in Tanzania, that was recently processed...
Marula approves $6.38m exploration budget for Tanzanian projects
AQSE-listed Marula Mining’s 2024 exploration budgets for the advancement and development of the company’s Kinusi copper mine and the Bagamoyo, Nyorinyori and NyoriGreen graphite projects, all...
Oxford Economics’ Sustainable Development scenario updated
Oxford Economics’ Global Climate Service has updated its Sustainable Development scenario, with a focus on the required mitigation funding. It has modelled a scenario in which mitigation funding...
Exxaro, Council for Geoscience sign MoU to drive sustainability, decarbonisation
Diversified miner Exxaro Resources and South African national science council the Council for Geoscience (CGS) have entered into a memorandum of understanding (MoU) to drive sustainability and...
Aton receives mining licence for Abu Marawat concession in Egypt
An exploitation lease, or mining licence, for gold and associated minerals has been issued to TSX-V-listed Aton Resources for its 100%-owned Abu Marawat Concession, in the Eastern Desert of Egypt....
Steve Phiri appointed nonexec director of Merafe
JSE-listed chrome producer Merafe Resources has appointed former Royal Bafokeng Platinum CEO Steve Phiri as an independent nonexecutive director, with effect from February 1. Phiri holds B luris,...
Trade conditions remained weak in November, December, but more positive outlook anticipated – Sacci
Industry organisation the South Africa Chamber of Commerce and Industry’s (Sacci’s) December 2023 survey on trade conditions indicated a slight improvement in the trading climate for November and...
Makuutu rare earths project granted large-scale mining licence
ASX-listed Ionic Rare Earths (IonicRE) reports that Rwenzori Rare Metals, owner of the Makuutu heavy rare earth project, in Uganda, has formally received the granted large-scale mining licence over...
Expansion on track at Zambian project, First Quantum says
As part of its 2023 Preliminary Production and 2024 to 2026 guidance, published this week, TSX-listed First Quantum Minerals has reiterated its commitment to delivering the S3 Expansion project at...
Tirupati raises £1.05m to optimise production in Madagascar
Specialist flake graphite company Tirupati Graphite has raised gross proceeds of £1.05-million by way of a private placing of 9.5-million new ordinary shares. Optiva Securities acted as sole broker...
GoviEx progressing projects despite political challenges
Despite bullish uranium prices, the unexpected military coup in Niger, where TSX-V-listed GoviEx’s Madaouela project is located, has created some challenges, CEO Daniel Major and executive...
Toro makes progress on Lake Maitland uranium project extension study
ASX-listed Toro Energy’s extension study of the proposed Lake Maitland uranium/vanadium operation, located about 105 km southeast of the Wiluna township, in Western Australia, has significantly...
Critical Minerals acquires 26 Moroccan permits
Aim-listed Critical Mineral Resources has acquired 26 exploration permits prospective for copper, antimony, tungsten, lead/zinc and gold in central Morocco. The company has acquired the permits...
Northam’s interim output up nearly 20%
Platinum group metals miner Northam Platinum has reported a 10.6% year-on-year increase in total equivalent refined metal production from its own operations and a 19.9% year-on-year increase in...
Lotus poised to be major uranium player with Kayelekera restart, Letlhakane optimisation
ASX-listed Lotus Resources has, post the completion of its acquisition of A-Cap, finalised the preliminary work programmes required to enable it to become a global uranium player, targeting a...
Bushveld yet to receive $12.5m from SPR
Aim-listed Bushveld Minerals has announced that the receipt of $12.5-million funds from Southern Point Resources (SPR) under the recently announced $18.4-million equity capital raising has not yet...
New graphite mining licences issued to Marula’s local partners in Tanzania
Seven new mining licence applications (MLAs) collectively submitted by AQSE-listed Marula Mining's local partners Takela Mining Tanzania (TMT) and NyoriGreen Mining Limited (NML) at the Nyorinyori...
EAIF completes $294m debt raise for African infrastructure
Private Infrastructure Development Group (PIDG) company the Emerging Africa Infrastructure Fund (EAIF) has raised $294-million of additional debt facilities, achieving over half of its target to...
Firering begins RC drilling campaign in Côte d'Ivoire
Aim-listed Firering has started its 3 000 m reverse circulation (RC) drilling campaign at Atex, its flagship lithium project in Côte d’Ivoire. The programme began at identified lithium-bearing...
Oriole reports increase in resources at Cameroon project
Aim-listed Oriole Resources has reported an updated inferred Joint Ore Reserves Committee-compliant mineral resource estimate (MRE) of 375 000 oz grading 2.30 g/t gold for Bakassi Zone 1, one of...
Angolan sovereign wealth fund satisfied with Longonjo construction progress
Angolan sovereign wealth fund Fundo Soberano de Angola (FSDEA) is “delighted to see the excellent progress” that is being achieved on site at the Longonjo rare earths project, as this is an...
Economic uncertainty to persist, report shows
Global economic prospects are expected to remain subdued and uncertain, according to the latest ‘Chief Economists Outlook’ report released on January 15, as the global economy continues to grapple...
Altona receives Ministerial approval to increase holding in Monte Muambe Mining
London-listed Altona has received formal regulatory approval from the Mozambican Minister of Mineral Resources and Energy regarding the increase of its shareholding in Monte Muambe Mining to 51%....
RMB invests in KOKO to expand clean energy for cooking in Africa
Corporate and investment bank Rand Merchant Bank (RMB) has announced a strategic partnership with climate technology company KOKO, where it has acted as the lead mandated arranger and financier for...
Power Metal, Saudi Arabia to collaborate on exploration opportunities
Aim-listed Power Metal Resources, which has a presence in North America, Africa and Australia, has signed a nonbinding memorandum of understanding (MoU) with the Ministry of Investment and Mineral...
COP28 deal offers opportunities for renewables-powered charging stations – Zero Carbon Charge
The twenty-eighth Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change that targets reaching 11 terawatts (TW) of renewable energy generation capacity by...
Full-year production at Caledonia’s Blanket mine in line with guidance
Miner Caledonia Mining successfully met production guidance for the year ended December 31, at its Blanket gold mine in Zimbabwe, producing 75 416 oz of gold, despite a challenging first half of...
Construction begins on Lilian Ngoyi Street rehabilitation project
A contractor has been appointed for the Lilian Ngoyi Street rehabilitation and construction has officially begun, following the gas explosion in Bree street on July 19, the City of Johannesburg...
South Africa to present ‘compelling’ investment case at Davos – Godongwana
South Africa’s delegation to the World Economic Forum (WEF) will present the country’s investment case, which Finance Minister Enoch Godongwana has described as “compelling”, to international...
TotalEnergies increases its interests in Namibia offshore blocks
Energy company TotalEnergies has signed an agreement to acquire from Impact Oil and Gas Namibia an additional 10.5% participating interest in block 2913B and an additional 9.39% participating...
Defense Metals, Ucore sign MoU for collaboration on REE supply chain
Mineral exploration and development company Defense Metals has executed a non-binding memorandum of understanding (MoU) with TSX-V-listed Ucore Rare Metals to explore collaborative opportunities as...
Pensana progressing activities at Angola project prior to main construction
London-listed Pensana has made significant strides at the Longonjo mine site in Angola ahead of main construction starting later this year. The company is currently busy with civil works for the...
Impala withdraws suspensions of 38 Bafokeng workers
Platinum group metals major Impala Platinum (Implats) has agreed to withdraw the suspension notices that were issued to the 38 employees who “were seen to have been the face of workers” who staged...
Centamin drilling intersects gold mineralisation near Sukari
LSE- and TSX-listed Centamin has delivered an “encouraging” set of maiden drill results across several targets within the Nugrus block on its Eastern Desert Exploration (EDX) landholding, which is...
Ivanhoe’s Kamoa-Kakula achieves yearly guidance
Dual-listed Ivanhoe Mines’ Kamoa-Kakula copper complex, in the Democratic Republic of Congo (DRC), produced 393 551 t of copper in concentrate in 2023, in line with the production guidance range of...
Ninety One SA reduces shareholding in Murray & Roberts to below 5%
Ninety One SA has disposed of an interest in the ordinary shares of JSE-listed Murray & Roberts, resulting in its shareholding in the company decreasing to 4.286%. Murray & Roberts Holdings is a...
Critical Metals raises £215 000 for drilling, road upgrades at DRC project
Aim-listed Critical Metals, operator of Molulu copper/cobalt project, in the Democratic Republic of Congo, has raised about £215 000 in a placing, the proceeds of which will be used for advancing...
ESG to remain key, Prescient report outlines
Systematic investment firm Prescient Investment Management (PIM) has released its Responsible Investing Report for 2023, which shows the pivotal role of environmental, social and governance (ESG)...
Africa’s average rank increases marginally in Global Cities Index
Social, geopolitical and technological transformations are actively disrupting the traditional hierarchy of global cities, creating a more widely distributed geography of opportunity, global...
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