Atkinson’s responsibilities shift to new COO Natascha Viljoen

Following a five-month handover period, Newmont has completed its COO transition and starting next week, Rob Atkinson will transition all his remaining responsibilities to new COO, Natascha... 

Jurie Wessels

This week we profile Jurie Wessels, founder and executive chairperson of Vanadium Resources, which is developing the Steelpoortdrift mine and concentrator and the Tweefontein salt roast leach plant 

Equinox targets one-third production jump this year

Canada-based gold miner Equinox Gold has finished 2023 strongly, not only achieving its gold guidance, but also setting out plans for a big step up in output this year. Equinox, which has seven... 

Harmony's shares rise on higher earnings outlook

JSE-listed Harmony Gold's share price rose by more than 5% on February 22 after the company reported that its earnings per share (EPS) for the six months ended December 31, 2023, were likely to... 

Mayur’s Orokolo Bay partner faces ‘sudden financial difficulties’

Australia-based Mayur Resources said on Wednesday that its partner in the Orokolo Bay vanadium, titanium and iron sands project, in Papua New Guinea, had pulled out, citing “sudden financial... 

Hot Chili executes option to acquire Chile project

ASX- and TSX-V-listed Hot Chili has executed an option agreement with ASX-listed Bastion Minerals for the right to acquire the Cometa project in Chile. The project is near Hot Chili’s Costa Fuego... 

Mt Gibson makes big profit jump on strong Koolan Island performance

Iron-ore miner Mount Gibson on Wednesday reported an aftertax net profit of A$138.7-million in the half-year to December 31, compared with A$7.4-million in the corresponding period. The... 

Abcourt restarts Sleeping Giant mill

Toronto-listed Abcourt Mines on February 13 started processing gold at its Sleeping Giant mill,near Amos, Quebec. The mill operated at 20 t/h during this first week. On Monday, the mill began to... 

Western receives C$4.6m from warrant exercises

US-focused Western Uranium and Vanadium has received about C$4.5-million in proceeds from the exercise of common share purchase warrants and plans to use most of the proceeds to accelerate the... 

New deal makes Rio Tinto Australia’s biggest renewable energy buyer

Mining group Rio Tinto has signed Australia’s biggest renewable energy power purchase agreement (PPA) to supply its Gladstone operations in Queensland, agreeing to buy the majority of electricity... 

Sayona unveils feasibility results for ‘centrepiece’ Moblan lithium project

North American lithium producer Sayona Mining has announced feasibility study results that demonstrate the value of its Moblan lithium project, forming the centrepiece of the company’s Eeyou... 

Metals Acquisition dual lists on ASX following A$325m IPO

Copper miner Metals Acquisition Limited (MAC) on Tuesday started trading on the ASX, following completion of its oversubscribed initial public offering (IPO) in Australia. MAC raised A$325-million... 

New Cascabel PFS cuts initial capex

London- and Toronto-listed SolGold has announced the results of a new prefeasibility study (PFS) for the Cascabel project, in Ecuador, which supports a phased block cave mine development that... 

Cosmo exercises option to acquire Kanowna project

Gold and base metals exploration company Cosmo Metals on Monday announced it would acquire the Kanowa Gold Project (KGP), located adjacent to the seven-million ounce Kanowa Belle gold mine,... 

Cash from Kanmantoo copper sales hits the bank

Following the recent launch of copper production at the Kanmantoo underground mine in South Australia, Hillgrove Resources has now sold its first copper concentrate, securing the initial proceeds.... 

Diatreme makes takeover for neighbouring Metallica

Brisbane-based silica sand miner Diatreme Resources has made a conditional takeover offer for Metallica Minerals, a move that would combine the companies' silica sand assets in Far North Queensland... 

Loadshedding to reduce to Stage 2 from 10:00 on Friday

Eskom has announced that it will be reducing loadshedding to Stage 2 from 10:00 on Friday, following the return of additional generating units. The utility says emergency reserves are also adequate... 

South Africa's gas cliff

Engineering News editor Terence Creamer discusses South Africa's gas cliff and the warning of a likely 'day zero' in the coming two years, as well as the possible risks associated with some for the... 

Magazine round up | 16 February 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Pearl Mashabane

This week we profile Pearl Mashabane, the diversity, equity and inclusion leader for Africa and the Middle East at Cummins, which manufactures, distributes and maintains diesel engines and power... 

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...