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New boost for platinum group metals may arise from emerging eFuel scale-up  

By: Martin Creamer     19th April 2024 The emerging use of electrofuel (eFuel) as an interchangeable substitute for petrol, diesel and aviation fuel has the potential to create important new demand for Southern Africa’s platinum group metals (PGMs). This is because eFuel is a combination of green hydrogen and waste carbon dioxide... 

Infinium's Robert Schuetzle interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Decarbonised iron production possible using sodium, company says

By: Darren Parker     19th April 2024 A new process being pioneered by energy companies such as Israel-based Helios and Netherlands-based Alkalium proposes the use of sodium metal rather than coal or hydrogen to refine iron-ore into direct reduced iron (DRI). Traditionally, iron is beneficiated by mixing iron-ore fines with coal. The... 

direct reduced iron pellets

China is front and center of gold's record-breaking rally

By: Bloomberg     Updated 5 hours ago Gold’s rise to all-time highs above $2 400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and center of the extraordinary ascent. Worsening geopolitical tensions, including war in the Middle East and Ukraine, and... 

China is front and center of gold's record-breaking rally

NTCSA begins consultations on market code to govern shift towards competitive electricity industry 

By: Terence Creamer     19th April 2024 With the National Transmission Company South Africa (NTCSA) currently scheduled to be operationalised in July and efforts under way to ensure that the Electricity Regulation Act (ERA) Amendment Bill is passed by the current Parliament, work is now advancing on the market code for the future... 

NTCSA begins consultations on market code to govern shift towards competitive electricity industry

Chief economist unpacks mining’s deeply-rooted contribution to economy despite challenges

By: Marleny Arnoldi     19th April 2024 The mining industry makes a significant difference in the lives and livelihoods of employees and society in South Africa through economic and socioeconomic contributions, but more can be done on the governmental administrative front to enable increased benefits, says Minerals Council South Africa... 

Minerals Council South Africa chief economist Hugo Pienaar
Minerals Council South Africa chief economist Hugo Pienaar

UK-based Marula Mining lists on A2X in South Africa

By: Marleny Arnoldi     19th April 2024 UK-based battery metals miner Marula Mining has announced that it will undertake a secondary listing of its shares on South Africa’s A2X Markets exchange, with shares due to become available for trade from April 25. The company’s primary listing on the Acquis Stock Exchange remains unaffected... 

Marula CEO Jason Brewer
Marula CEO Jason Brewer

Over-optimistic, exaggerated expectations in platinum market can lead to bad investment decisions, says CPM

By: Marleny Arnoldi     19th April 2024 Independent commodity research group CPM Group managing partner Jeffrey Christian has dispelled some of the common myths in the platinum market, which can lead to bad investment decisions on the part of producers, investors, governments and other financing sources. “There are high costs to making... 

CPM Group managing partner Jeffrey Christian
CPM Group managing partner Jeffrey Christian

Goldplat receives generators for its South African operations

By: Sabrina Jardim     19th April 2024 Aim-listed Goldplat reports that diesel generators have arrived at its operations in South Africa, and that their commissioning will be finalised by the end of April. The company points out that, during the third quarter of the current financial year, its operations have lost 6% of total... 

Mosehla steps down as MC Mining director

By: Creamer Media Reporter      19th April 2024 Khomotso Mosehla, a long-standing nonexecutive director of MC Mining, has resigned as a director of the company, effective April 19. He has been a member of MC Mining's board of directors since late 2010 and contributed to the company being positioned to become South Africa's pre-eminent... 

Perseus moves to compulsory acquisition of last remaining shares in OreCorp

By: Marleny Arnoldi     19th April 2024 With ASX- and TSX-listed Perseus Mining now holding a relevant interest of 94.99% of ASX-listed OreCorp’s shares, the company is moving to a compulsory acquisition of the remaining shares it does not own. Perseus’ offer is closing on April 19, affording remaining shareholders the opportunity to... 

Gold nuggets

Pensana seeks to extend $15m loan facility

By: Sabrina Jardim     19th April 2024 Further to the Angolan Sovereign Wealth Fund advancing a $15-million loan facility to London-listed Pensana in August 2023, Pensana reports that discussions have been held regarding the extension of the loan facility to coincide with the anticipated finalisation of the main financing. The loan... 

GoviEx in talks with Niger govt on Madouela start date

By: Sabrina Jardim     19th April 2024 TSX-V listed GoviEx Uranium is in discussions with the government of Niger regarding the start of mining operations after having received notice that it must begin mining at its Madaouela uranium project by July 3, or risk having its mine permit revoked. The company says it is committed to... 

PGMs and green hydrogen make headlines   

19th April 2024 Mining Weekly Editor Martin Creamer discussing palladium and platinum playing a key role in battery electric vehicles; the opportunity around the market development aspect of the platinum group metals industry; and talk of South Africa being well placed to benefit from huge green hydrogen outlook.   

PGMs and green hydrogen make headlines

BHP says it aims to receive first ammonia-fuelled bulk carrier in 2026

By: Reuters     Updated 25 minutes ago Australia's BHP Group is planning to receive its first ammonia-fuelled bulk carrier in 2026 as part of the company's plans to cut shipping emissions, a senior executive said. The global mining giant has shortlisted eight companies for the building, operation and fuel supply for at least one such... 

Australian pension major votes against Woodside chair, climate plan ahead of AGM

By: Reuters     Updated 29 minutes ago Australia's third-largest pension fund has voted against the re-election of Woodside Energy chair Richard Goyder and the firm's climate action plan in a rebuke to the company's campaign to win shareholder support for its emissions plan. Aware Super, which manages A$170-billion, said in a... 

Australian pension major votes against Woodside chair, climate plan ahead of AGM

Vale Indonesia shareholders approve rights issue plan

By: Reuters     Updated 2 hours 41 minutes ago Shareholders of nickel miner PT Vale Indonesia approved a rights issue that will facilitate the acquisition of a stake by Indonesia state mining holding company MIND ID, the company said in a statement late on Friday. Vale Canada and Japan's Sumitomo Metal Mining had agreed to sell 14% of the... 

Ramelius achieves record production, raises FY guidance

By: Mariaan Webb     Updated 2 hours 58 minutes ago Western Australian gold miner Ramelius Resources has posted record gold production of 86 928 oz in the March quarter. This has prompted the company to revise its full-year guidance, now forecasting a range of between 285 000 oz and 295 000 oz, surpassing the previous target of between 265 000 oz... 

The Symes openpit at the Edna May operation, in Western Australia
The Symes openpit at the Edna May operation, in Western Australia

QPM shifts focus to gas and energy, curtails TECH spending

By: Creamer Media Reporter      Updated 3 hours ago Mining and energy group Queensland Pacific Metals (QPM) has unveiled a strategic overhaul aimed at accelerating growth and advancement of its gas and energy assets. The ASX-listed company has chosen to priorities the expansion and enrichment of its Moranbah gas project, in the Bowen Basin. 

QPM shifts focus to gas and energy, curtails TECH spending

Mayur secures $155m for PNG lime project

By: Mariaan Webb     Updated 3 hours ago Australia-listed Mayur Resources on Monday announced complete funding for its flagship Central Lime Project (CLP), marking a step towards positioning Papua New Guinea as a major lime exporter in the Australasian region. The financing, totaling $155-million, has been secured through a combination... 

Mayur secures $155m for PNG lime project

South32 expects prolonged suspension of Groote Eylandt manganese exports

By: Mariaan Webb     Updated 4 hours ago Commodities giant South32 said on Monday that manganese ore exports from Groote Eylandt mine, in the Northern Territory, were likely to remain suspended until 2025 owing to extensive damaged caused by a tropical cyclone last month. The cyclone, which ravaged the region on March 16 and 17,... 

South32 expects prolonged suspension of Groote Eylandt manganese exports

Iluka posts lower first-quarter volumes as planned

By: Marleny Arnoldi     19th April 2024 Australia-focused mineral sands and rare earths miner Iluka Resources has reported lower year-on-year production of most of its commodities owing to inventory management and a major maintenance outage in the quarter ended March 31. The company’s zircon/rutile/synthetic rutile production totalled... 

Hancock Prospecting sells stake in Catalyst Metals

By: Sabrina Jardim     19th April 2024 ASX-listed Catalyst Metals reports that the entire remaining substantial shareholding held by Hancock Prospecting in Catalyst Metals’ ordinary shares has been acquired by directors and senior management of Catalyst and institutional investors. Hancock has, therefore, ceased to be a substantial... 

Godolphin takes 100% control of Narraburra rare earths project

By: Darren Parker     19th April 2024 ASX-listed Godolphin Resources has agreed to acquire the remaining 49% interest in the flagship Narraburra rare earths elements (REE) project in New South Wales, Australia, in which it already holds a 51% stake, from joint venture (JV) partner EX9. Godolphin will gain full control of the asset as... 

Sayona divests completely from Troilus

By: Darren Parker     19th April 2024 ASX-listed lithium producer Sayona Mining has divested about 19.2-million shares in TSX-listed Troilus Gold at C$0.63 a share through a block trade facilitated by Desjardins Capital Markets. The transaction yielded gross proceeds of about C$12.1-million, which have been redirected towards the... 

Whitehaven expects newly acquired mines to add up to 5Mt a quarter to production

By: Marleny Arnoldi     19th April 2024 Australia-based coal producer Whitehaven Coal continues to deliver strong operational performances at its Maules Creek and Gunnedah openpit mines, having produced 4.4-million tonnes of run-of-mine (RoM) coal in the quarter ended March 31. Production at the Narrabri project, however, was lower... 

A Whitehaven Coal operation

Gold Road resumes mining at Gruyere

By: Darren Parker     19th April 2024 ASX-listed gold miner Gold Road Resources has announced the resumption of mining and processing operations at the Gruyere gold mine, in Western Australia. In its March 2024 quarterly report, released on April 19, the company said operations at the mine were now being facilitated by transporting... 

Gruyere gold mine
Gruyere gold mine

Renascor signs native title agreement to advance Siviour desalination plant

By: Creamer Media Reporter      19th April 2024 ASX-listed Renascor Resources has entered into an indigenous land use agreement (ILUA) with the Barngarla Determination Aboriginal Corporation (BDAC) – the registered native title body corporate of the Barngarla People, the traditional owners of land in the area encompassing the upstream portion... 

G7 still looking at frozen Russian assets to help Ukraine, foreign ministers say

By: Reuters     19th April 2024 The Group of Seven (G7) major powers are continuing to look at ways to use frozen Russian sovereign assets to help fund support for Ukraine, G7 foreign ministers said on Friday. "As requested by Leaders, we will continue our work and update ahead of the (G7) Apulia Summit (in June) on all... 

Kyiv, Ukraine

Alien Metals secures mining lease for Hancock iron-ore project

By: Creamer Media Reporter      19th April 2024 The Western Australia Department of Mines, Industry Regulation and Safety has granted Aim-listed Alien Metals a mining lease for the Hancock iron-ore project. This represents a key milestone on the pathway towards development of the project and provides Alien with security of tenure for a 21-year... 

Iron-ore being transported by train in Western Australia

EMP Metals begins operations at direct lithium extraction pilot plant

By: Sabrina Jardim     19th April 2024 Canadian lithium exploration and development company EMP Metals has, in partnership with Koch Technology Solutions and Saltworks Technologies, started commissioning its direct lithium extraction (DLE) field pilot facility in Estevan, Saskatchewan. The company says the facility represents the... 

US restricts drilling and mining in Alaska wilderness, angering state leaders

By: Reuters     19th April 2024 The Biden administration on Friday took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the US reliant on foreign resources. The measures are aligned with President Joe Biden's efforts to rein in oil and gas... 

A photo of the Alaskan landscape

Vizsla, Universal conclude merger

By: Darren Parker     19th April 2024 Canadian mineral exploration and development companies Vizsla Copper and Universal Copper have completed a merger arrangement whereby Vizsla acquired 100% of the issued and outstanding common shares in the capital of Universal in exchange for the issuance of 0.23 common shares in the capital of... 

Reunion Gold signs mineral agreement with Guyana govt for Oko West project

By: Sabrina Jardim     19th April 2024 TSX-V-listed Reunion Gold has signed a mineral agreement with the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission that provides the company, and its 100%-owned Guyanese subsidiary, with stable fiscal and operating conditions during the life of the Oko West gold project,... 

Sierra records 36% y/y increase in first-quarter copper production

By: Darren Parker     19th April 2024 For the first quarter of this year, TSX-listed copper producer Sierra Metals has recorded a 36% year-on-year increase in consolidated copper production of 11.2-million pounds from its two underground mines in South America, the Yauricocha polymetallic mine, in Peru, and the copper-producing... 

Sierra Metals' Bolivar mine

Xanadu engages Bacchus Capital as strategic, project funding adviser

By: Sabrina Jardim     19th April 2024 ASX- and TSX-listed exploration company Xanadu Mines has engaged financial consultant Bacchus Capital Advisers as its strategic and project funding adviser in relation to the Kharmagtai copper/gold project, in the South Gobi region of Mongolia. Xanadu is executing a prefeasibility study (PFS) at... 

Gold surges past $2 400 on Middle East conflict concerns

By: Bloomberg     19th April 2024 Gold surged past $2 400 an ounce as concerns over rising tensions between Israel and Iran stoked haven demand. Bullion rose as much as 1.3% and headed for a fifth weekly gain after unverified media reports of explosions in Iran, Syria and Iraq. 

Gold bars

Magazine round up | 19 April 2024 

19th April 2024 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

Magazine round up | 19 April 2024

Codelco eyeing more output, not competition with BHP, Chile's mining minister says

By: Reuters     19th April 2024 Chile's State-run copper miner Codelco must focus on boosting its production, but it has a global prestige that would not be tarnished if it cedes its role as Chile's top producer to rival BHP, Mining Minister Aurora Williams said on Thursday. Codelco, the world's largest copper producer and a... 

Codelco's head office

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PGMs and green hydrogen make headlines

New boost for platinum group metals may arise from emerging eFuel scale-up

Magazine round up | 19 April 2024

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Stage 16 loadshedding code seeks to reduce human error not signal imminent surge in cuts – Nersa

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Hydrogen, PGMs, underground mine energy storage make headlines

Magazine round up | 12 April 2024

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