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Minergy edges closer to nameplate capacity at Botswana mine

By: Tasneem Bulbulia     21st January 2022 Botswana-based coal miner Minergy says in a voluntary update that is has made considerable progress toward reaching nameplate capacity of 125 000 t a month at its Masama coal mine during the six months to December 31. Among the milestones achieved during this period was producing the highest... 

Shell appeals $2bn judgment in Nigeria pollution case

By: Bloomberg     21st January 2022 A Nigerian court will hear Royal Dutch Shell Plc’s appeal to overturn an almost $2 billion award against the company for allegedly spilling oil in the West African country. The energy giant is challenging a November 2020 judgment in favor of community members claiming a leak from a company... 

Santos sets records as Oil Search merger pinacles

By: Esmarie Iannucci     20th January 2022 ASX-listed Santos has reported record annual production, record sales revenue and record free cash flows for the year ended December, on the back of a strong December quarter. Santos MD and CEO Kevin Gallagher said Santos delivered record annual production and sales revenue in 2021, as strong... 

Early copper/zinc production investigations under way at Orion’s Prieska  

By: Martin Creamer     20th January 2022 The executive team of Orion Minerals is re-evaluating the development schedule of the Prieska copper-zinc project to assess the potential for its fast-tracking. Also flagged is the opportunity to extract pillars left by historic mining. 

Centamin increases fourth-quarter underground, openpit production

By: Donna Slater     19th January 2022 Egypt-focused gold miner Centamin increased gold production at its Sukari mine by 58% year-on-year to 107 549 oz for the fourth quarter of 2021 as a result of mining higher-grade material from the openpit and underground operations. As for openpit mining, with a focus on the Stage 5 North and... 

Bushveld, Mustang deal hangs in the balance

By: Marleny Arnoldi     19th January 2022 Aim-listed Bushveld Minerals has revised agreement terms regarding Mustang Energy’s acquisition of a 22.1% interest in Bushveld’s indirect subsidiary Vanadium Redox Flow Battery Holdings (VRFB-H), including to extend the maturity date of the agreement to February 28. Bushveld CEO Fortune... 

Kingsgate readies for restart, looks for new buyer

By: Esmarie Iannucci     19th January 2022 The Thai government has awarded ASX-listed Kingsgate Consolidated the four outstanding mining leases required to operate the Chatree gold mine, signaling the imminent restart of the project. Kingsgate on Wednesday said that the three leases comprised three Chatree South leases and the Quartz... 

Long-term solutions required for continuing supply chain disruptions – Tata Africa boss 

By: Irma Venter     18th January 2022 There is no end in sight for the current supply-chain disruptions affecting truck brands, says Tata International Africa and Tata Africa Holdings MD Len Brand. “These disruptions that will eventually put pressure on vehicle prices, resulting in a negative impact on truck sales.” 

Kingstone completes Mineral Hill buy

By: Esmarie Iannucci     18th January 2022 ASX-listed Kingston Resources has completed the acquisition of the Mineral Hill mine, in New South Wales, marking its transition into the ranks of Australian gold producers. The company in November last year struck an agreement with US-based Quintana MH Holding Company to acquire the mine for... 

Altus appoints corporate development VP

By: Donna Slater     17th January 2022 Aim- and TSX-V-listed Altus Strategies has appointed Michael Starke corporate development VP, with immediate effect.   With over 14 years’ experience in corporate finance in the natural resources industry, he was previously LSE- and TSX-listed copper and gold explorer SolGold corporate finance... 

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