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Exxaro highlights strong European coal demand, while local rail challenges persist

By: Marleny Arnoldi     30th June 2022 Diversified mining and energy group Exxaro Resources says high-quality thermal coal remains significantly in demand as the Russia/Ukraine war persists. The company reported in a pre-close statement issued on June 30 that the first half of the year has seen worsened supply chain disruptions... 

Bauba subsidiary Nuco Chrome granted eight-year mining right

By: Donna Slater     30th June 2022 Platinum and chrome miner Bauba Resources reports that its 74%-owned exploration company Nuco Chrome business has been granted a mining right, which is valid for eight years. The mining right – notarially executed on June 23 – came into effect on June 3, and will end on June 2, 2030.  

Volt undertakes share placement to restart graphite production in Ukraine

By: Tasneem Bulbulia     30th June 2022 ASX-listed Volt Resources has received firm commitments from professional and sophisticated investors for a placement to raise A$1.72-million. Volt chairperson Asimwe Kabunga subscribed for fully paid ordinary shares and unlisted options for an additional A$284 000 on the same terms as the... 

Queensland State budget to boost resources industry

By: Tasneem Bulbulia     30th June 2022 A State Budget pack of A$68.5-million is set to boost Queensland's resources industry, including transforming the state’s new economy minerals sector into a long-term pit-to-product industry. Resources Minister Scott Stewart said that this week’s Budget was expected to inject millions into the... 

AfriTin's Robert Sewell joins Mkango as CFO

By: Creamer Media Reporter      30th June 2022 Aim- and TSX-V-listed Mkango Resources has appointed Robert Sewell CFO.  Sewell joins the company from AfriTin Mining, where he was CFO during the construction and commissioning of its Uis tin mine, in Namibia.  

Merafe says third-quarter ferrochrome price 16.7% lower q/q

By: Creamer Media Reporter      30th June 2022 JSE-listed Merafe Resources has informed shareholders that the European benchmark ferrochrome price for the third quarter has been settled at $1.80/lb. That represents a 16.7% decrease from the price of $2.16/lb for the second quarter. 

Sandfire’s updated MRE sets strong foundation at MATSA

By: Tasneem Bulbulia     30th June 2022 ASX-listed Sandfire Resources has reported an updated measured, indicated and inferred mineral resource estimate (MRE) for the MATSA mining operations, in Spain, totalling 147.2-million tonnes, containing an estimated 2.1-million tonnes of copper, 4.4-million tonnes of zinc, 1.5-million tonnes of... 

Growthpoint struggles to secure diesel amid power cuts

By: Bloomberg     30th June 2022 Growthpoint Properties, South Africa’s largest real estate investment trust, said its running out of diesel to operate generators at some of its buildings as the country grapples with the worst electricity shortage since 2019. In a letter to customers at one of its sites in Johannesburg the... 

Hawsons iron project MRE delayed to July

By: Tasneem Bulbulia     30th June 2022 ASX-listed Hawsons Iron has advised that analytical work on an anticipated mineral resource estimate update (MRE) for the Hawsons iron project, near Broken Hill, has not been completed on time, owing to the cumulative delaying impact of wet weather, Covid-19 and additional time required to... 

Reunert targets renewable energy market

By: Natasha Odendaal     30th June 2022 JSE-listed industrial group Reunert has set its sights on capturing a critical market in South Africa and beyond: renewable energy. The group, during its investor day showcase on June 28, highlighted its renewable energy strategy execution, which leverages its renewable energy cluster that spans... 

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