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Mining

An image of Kumba Iron Ore's Sishen mine
Kumba’s Sishen, Kolomela mines achieve IRMA 75 performance on responsible mining standard
27th March 2024 By: Tasneem Bulbulia

Anglo American subsidiary Kumba Iron Ore’s Sishen and Kolomela mines, in South Africa, have been assessed against the Initiative for Responsible Mining Assurance’s (IRMA’s) comprehensive mining... 


Sovereign initiates follow-up drilling at Malawi project
27th March 2024 By: Tasneem Bulbulia

Aim- and ASX-listed Sovereign Metals has initiated a follow-up 400 m spaced drill programme at its tier one Kasiya rutile/graphite project, in Malawi, which will focus on determining the boundaries... 


China coal industry group says output at accident-hit mining hubs back to normal
China coal industry group says output at accident-hit mining hubs back to normal
27th March 2024 By: Reuters

Coal mining output at accident-hit mining districts of Shaanxi and Inner Mongolia in China's north have returned to normal, a major coal industry group said on Wednesday. A recent spike in coal... 


Most rescue efforts suspended at Russian gold mine due to collapse risk -TASS
27th March 2024 By: Reuters

Most rescue efforts have been suspended at a gold mine in Russia's far east, where 13 miners were trapped by a rock fall on March 18, due to the risk of another collapse, state news agency TASS... 


Hastings launches A$22m rights issue
27th March 2024 By: Creamer Media Reporter

ASX-listed Hastings Technology Metals on Wednesday announced a partially underwritten prorata renounceable rights issue to raise A$22.15-million. The rights issue at A$0.36 a share is a 42%... 


Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024

This week on Second Take, Mining Weekly Editor Martin Creamer discusses the boost that Namibia’s $10-billion Hyphen development scheme has received from Germany; Harmony’s Eva copper mine being... 


Resources Watch
Resources Watch
27th March 2024

This week: Stage set for mining explosives centenarian to capture global top-three spot, Copper 360 output set to quickly double on Nama Copper acquisition and, RBCT, TFR show that private-public... 


First Majestic starts bullion sales from First Mint
27th March 2024 By: Mariaan Webb

Silver and gold miner First Majestic has announced the start of bullion sales from its fully-owned and -operated minting facility, in Nevada, US. First Mint vertically integrates a manufacturing... 


Goldsource has closely watched Mako's successful development of the San Albino mine.
Mako Mining to buy Goldsource Mines
27th March 2024 By: Creamer Media Reporter

TSX-V-listed Mako Mining on Tuesday announced it would buy fellow-listed Goldsource Mines, creating a diversified gold producer with a platform for growth. The transaction will create a company... 


A$10m cash boost for graphite developer Black Rock
A$10m cash boost for graphite developer Black Rock
27th March 2024 By: Creamer Media Reporter

Tanzanian graphite developer Black Rock Mining on Wednesday announced a well-supported A$0.065-a-share placement that raised A$10-million. Proceeds would be used for final Mahenge preparations... 


European Metals flags potential improvements in delayed DFS
European Metals flags potential improvements in delayed DFS
27th March 2024 By: Mariaan Webb

Dual-listed European Metals has delayed the publication of a definitive feasibility study (DFS) for the Cinovec lithium project, in Czech Republic. However, chairperson Keith Coughlan expressed... 


Arrow consolidates control with full acquisition of Simandou North
27th March 2024 By: Creamer Media Reporter

Australia-listed exploration comapny Arrow Minerals has completed the accelerated acquisition of the remaining 66.7% interest in Amalgamated Minerals. The company now has full legal and beneficial... 


$50m Michigan grant for Highland’s Copperwood project
$50m Michigan grant for Highland’s Copperwood project
27th March 2024 By: Mariaan Webb

The Michigan state government has granted Vancouver-based Highland Copper a performance-based grant totalling $50-million for its Copperwood project. This follows an evaluation of the project’s... 


Jervois kicks of US govt-funded drilling at ICO’s RAM deposit
Jervois kicks of US govt-funded drilling at ICO’s RAM deposit
27th March 2024 By: Creamer Media Reporter

ASX- and TSX-V-listed Jervois Global has initiated the underground resources programme at the RAM deposit at its Idaho Cobalt Operations (ICO) in Idaho, US. The endeavour, carried out in... 


Star Diamond now owns 100% of Saskatchewan project
27th March 2024 By: Creamer Media Reporter

Canada-based Star Diamond on Tuesday completed the transaction to buy Rio Tinto Exploration Canada’s (RTEC’s) 75% interest in the Fort a la Corne project, in central Saskatchewan. Star Diamond has... 


Chile opens lithium salt flats for investment, saves two for state control
Chile opens lithium salt flats for investment, saves two for state control
27th March 2024 By: Reuters

Chile's government on Tuesday opened up more than two dozen lithium salt flats to private investment, while reserving the prolific Atacama and Maricunga deposits for state majority control in... 


Kazakhstan seeks to boost uranium exports to US
Kazakhstan seeks to boost uranium exports to US
27th March 2024 By: Bloomberg

Kazakhstan, the world’s largest uranium miner, is conducting “active work” to boost exports of the metal to US energy companies. The country’s energy ministry said cooperation in the energy sector... 


Baltimore bridge collapse will likely block coal exports for weeks
Baltimore bridge collapse will likely block coal exports for weeks
27th March 2024 By: Bloomberg

The collapse of a major Baltimore bridge is likely to shut down coal exports for as many as six weeks and block the transport of up to 2.5-million tons of coal, said Ernie Thrasher, CEO of Xcoal... 


Redpath logo on machinery
Redpath acquires RUC
26th March 2024 By: Darren Parker

Contract mining company Redpath Mining subsidiary Redpath (Australia) Holdings has signed a share purchase agreement to acquire fellow contract miner RUC Mining Contractors. Pending regulatory... 


Lake submits production EIA for Kachi Phase 1
26th March 2024 By: Creamer Media Reporter

Lithium developer Lake Resources has submitted the production environmental impact assessment (EIA) for its Kachi project to the Catamarca Mining Ministry in Argentina. The production EIA is... 


Master Drilling CEO Danie Pretorius.
Mechanical cutting is going to be key for mining going forward – Master Drilling
26th March 2024 By: Martin Creamer

Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg... 


Wescoal coal mining operation
Salungano expects to widen headline loss to at least 50.6c
26th March 2024 By: Marleny Arnoldi

After having multiple subsidiaries experience financial difficulty in recent years, with some having entered into business rescue in recent months, JSE-listed Salungano Group expects to report a... 


Oil and gas rig
Enviro groups approach High Court over TotalEnergies Cape coast drilling plans
26th March 2024 By: Marleny Arnoldi

Environmental organisations The Green Connection (TGC) and Natural Justice have submitted an application in the High Court against the environmental authorisation granted to TotalEnergies... 


Brand value increases in mining, metals and minerals; BHP comes out top
Brand value increases in mining, metals and minerals; BHP comes out top
26th March 2024 By: Tasneem Bulbulia

This year, more than half of the brands in the ranking of the world’s most valuable and strongest mining, metals and minerals brands witnessed an increase in brand value, according to new data from... 


Kodal on track to produce lithium at Bougouni in the fourth quarter
26th March 2024 By: Darren Parker

Mineral exploration and development company Kodal Minerals has said its Bougouni lithium project, in southern Mali, is on track to begin production in the fourth quarter, following the achievement... 


Gold holds near record high ahead of US inflation data release
26th March 2024 By: Bloomberg

Gold held Monday’s gain as investors remained cautious ahead of key US inflation data, which may provide traders with a firmer view on when the Federal Reserve will start cutting interest rates.... 


Goldman says commodities to benefit as central banks cut rates
26th March 2024 By: Bloomberg

Commodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman Sachs Group Inc. Raw... 


Caracal raising £780 000
26th March 2024 By: Darren Parker

Gold producer Caracal Gold is raising £780 000 by way of a subscription through the issue of 260-million new ordinary shares of £0.001 in the company at a price of £0.003 a share. The funds of the... 


Global Uranium appoints new board member
26th March 2024 By: Creamer Media Reporter

Geologist Matthew Keane has joined the board of Australia’s Global Uranium and Enrichment as a nonexecutive director. Over his career, Keane has held several technical, operational and corporate... 


Tanzania awards mining licence for Strandline’s Tajiri mineral sands project
26th March 2024 By: Darren Parker

The Tanzanian government has granted a special mining licence (SML) for the Tajiri minerals sands project, paving the way for emerging critical minerals producer Strandline Resources to progress... 


Transnet Freight Rail’s North Corridor achieves weekly record
26th March 2024 By: Tasneem Bulbulia

Transnet Freight Rail’s (TFR’s) North Corridor accomplished the delivery of 1.41-million tonnes last week, marking the most substantial weekly performance in terms of volume for the current... 


An image showing new equipment at the Richards Bay Multipurpose Terminal
Richards Bay Multipurpose Terminal takes delivery of cargo handling equipment
26th March 2024 By: Tasneem Bulbulia

The Richards Bay Multipurpose Terminal (MPT) has taken delivery of new cargo handling equipment, aiding the loading of export coal, magnetite, chrome and pig iron aboard calling Cape-sized vessels.... 


Tharisa CFO Michael Jones
Tharisa to undertake $5m share buyback programme
26th March 2024 By: Tasneem Bulbulia

JSE- and LSE-listed platinum group metals (PGMs) and chrome miner Tharisa has appointed UK investment bank Peel Hunt to manage a $5-million share buyback programme on its behalf. The Tharisa board... 


American Pacific approves $12.8m budget for Alaska project
26th March 2024 By: Creamer Media Reporter

CSE-listed American Pacific Mining has announced a $12.8-million budget for its high-grade volcanogenic massive sulphide-sulphate project, in Alaska. Constantine North, a subsidiary of American... 


Top Australian gold miner seeks to expand Kalgoorlie ‘Super Pit’
Top Australian gold miner seeks to expand Kalgoorlie ‘Super Pit’
26th March 2024 By: Bloomberg

Northern Star Resources is seeking to expand its flagship Fimiston gold mine in Western Australia and extend the life of the project to 2034. Kalgoorlie Consolidated Gold Mines, which is wholly... 


Kinetiko’s deepest core hole to date reveals promising results
26th March 2024 By: Darren Parker

ASX-listed Kinetiko Energy, which is conducting onshore gas exploration in Mpumalanga, South Africa, has completed its deepest core hole to date. “Following our previous announcement indicating... 


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