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CDC continues to advance inclusive growth, development

By: Tasneem Bulbulia 15th October 2021 The Coega Development Corporation (CDC) is working to advance the inclusive growth and socioeconomic development of the country, says CDC marketing and communications head Dr Ayanda Vilakazi. A year ago, Eastern Cape Finance and Economic Development, Environmental Affairs and Tourism MEC Mlungisi... →

Kenmare reiterates guidance, benefits from strong demand

By: Tasneem Bulbulia 15th October 2021 Mineral sands producer Kenmare Resources MD Michael Carvill says the third quarter, ended September 30, represented the first quarter of ilmenite production at nameplate capacity of 1.2-million tonnes a year, which was an 87% increase on the production achieved in the previous year’s... →

Glencore Coal launches supplier development platform to empower local communities

By: Donna Slater 15th October 2021 Glencore Coal has launched its Enterprise Supplier Development (ESD) portal as a key tool to support small, medium-sized and microenterprises (SMMEs) in the communities in which it operates in an effort to alleviate some of the socioeconomic challenges faced by the communities. The Glencore ESD... →

Hochschild exercises option to earn into Canadian gold project

By: Creamer Media Reporter 15th October 2021 London-listed Hochschild Mining has excised its option to start earning in to a 60% interest in the Snip gold project, in the Golden Triangle of British Columbia, Canada. Held by Skeena Resources, Snip consists of one mining lease and eight mineral claims totalling 4 546 ha in the Tahltan... →

American Lithium upsizes private placement

By: Creamer Media Reporter 15th October 2021 TSX-V-listed American Lithium has increased the size of its private placement to $35-million to accommodate investor demand. The company will now offer 13 208 000 units at $2.65 each. American Lithium previously planned to offer 7 548 000 units for gross proceeds of $20-million. →

Ministry organises inaugural Angola International Diamond Conference

By: Tasneem Bulbulia 15th October 2021 The Angola Ministry of Mineral Resources, Petroleum and Gas (MIREMPET) says the inaugural Angola International Diamond Conference (AIDC) will be held from November 25 to 27, in Saurimo, the capital of the Lunda Sul province. The AIDC will include the participation of Mining Ministers from the... →

Oyu Tolgoi funding estimate raised by $1.2bn

By: Reuters 15th October 2021 Canadian miner Turquoise Hill Resources said on Thursday the estimated additional funding required for the Oyu Tolgoi mine in Mongolia was now $1.2-billion higher than previously expected due to some delays. Oyu Tolgoi, one of the world's largest copper/gold/silver mines, was at the center of a... →

ESG, incorporating green energy to increasingly drive business development

By: Donna Slater 15th October 2021 In terms of incorporating environment, social and governance (ESG) conscientiousness into business development models, South Africa, and the financial services sector in particular, has historically, and in recent times, been acknowledged as a global leader, law firm Pinsent Masons transactional... →

Sandfire unveils growth ambitions

By: Esmarie Iannucci 15th October 2021 Copper miner Sandfire Resources on Friday said that it was hoping to achieve a 500 000 t/y production target. Speaking at the Resources Rising Stars conference, in Perth, Sandfire MD Karl Simich said that the company was hoping to achieve the 150 000 t/y of copper equivalent output within the... →

BCI secures a$740m debt funding for Mardie

By: Esmarie Iannucci 15th October 2021 ASX-listed BCI Minerals on Friday announced that it had secured A$740-million in debt funding for the development of its Mardie salt and potash project, in Western Australia. The project would require a capital spend of some A$1.2-billion to support a production of 5.35-million tonne a year of... →

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