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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.

Zambian claimants get permission to appeal class action lawsuit against Anglo American

By: Tasneem Bulbulia     Updated 1 hour 5 minutes ago The Johannesburg High Court on April 19 granted permission to appeal an earlier ruling denying class action certification for 140 000 women and children in Kabwe, Zambia, who allege they have suffered the effects of lead poisoning as a result of a mine formerly owned by Anglo American in the... 

South32 reports improved operating results for March quarter

By: Darren Parker     Updated 2 hours ago Diversified miner South32 has reported an overall improvement in its operating results for the March quarter and record year-to-date production at Hillside Aluminium, in KwaZulu-Natal, and South Africa Manganese, in the Northern Cape, along with a 60% increase in quarterly volumes at Illawarra... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

Merafe reports 26% y/y decrease in first-quarter ferrochrome production

By: Sabrina Jardim     Updated 59 minutes ago JSE-listed Merafe has reported that its attributable ferrochrome production from the Glencore Merafe Chrome Venture in the first quarter ended March 31 was 77 000 t. This represents a 26% decrease from the 103 000 t produced in the first quarter of 2023. 

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

Base Resources, Energy Fuels to merge, create enhanced critical minerals company

By: Tasneem Bulbulia     Updated 3 hours ago ASX- and Aim-listed Base Resources and US-based uranium and critical minerals producer Energy Fuels have reached a binding agreement for Energy Fuels to acquire 100% of the issued shares in Base Resources by way of scheme of arrangement. Base shareholders are to receive 0.0260 Energy Fuels common... 

Exploration drilling at the Toliara project
Exploration drilling at the Toliara project

Gem Diamonds recovers 169 ct diamond in Lesotho

By: Marleny Arnoldi     Updated 3 hours ago London-listed Gem diamonds has recovered a 169.15 ct Type II white diamond from the Letšeng mine, in Lesotho. The find marks the fourth diamond greater than 100 ct that Gem has recovered in the year-to-date.  

Gem Diamonds' 169.15 ct Type II white diamond
Gem Diamonds' 169.15 ct Type II white diamond

Lucapa sells three diamonds for $10.5m in first tender

By: Marleny Arnoldi     Updated 2 hours 36 minutes ago ASX-listed Lucapa Diamond Company has sold three exceptional diamonds recovered from the Lulo mine, in Angola, for $10.5-million at tender. The tender was concluded on April 19 and was conducted by Sodiam, in Luanda.  

203 ct Type IIa diamond
A 203 ct Type IIa diamond as part of Lucapa's first Lulo tender of the year

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

By: Bloomberg     22nd April 2024 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

Copper nears $10 000 as investors bet on rising global demand

By: Bloomberg     Updated 4 hours ago Copper edged closer to $10 000 a ton after an April rally fueled by bets that a recovering global economy will lift demand for industrial materials. Metals have posted broad gains in recent weeks, and copper opened Monday with a fresh advance to a two-year high. Signs of improvement in... 

Copper nears $10 000 as investors bet on rising global demand

Rich copper intercept in N Cape sends Orion’s shares soaring on Australian exchange

By: Martin Creamer     Updated 16 minutes ago The richness of South Africa’s copper assets were emphasised on Monday when Northern Cape mine developer and explorer Orion Minerals published a standout intercept that sent its shares rocketing up 58% on the Australian Stock Exchange (ASX). Orion, headed by CEO Errol Smart, is primarily listed... 

Orion Minerals CEO Errol Smart.
Orion Minerals CEO Errol Smart.

Newmont promotes Hardy to chief technology officer

By: Creamer Media Reporter      Updated 3 hours ago US-headquartered gold major Newmont on Friday announced the appointment of Francois Hardy as new chief technology officer (CTO). With more than three decades of technical and operational expertise in the mining industry, Hardy brings a wealth of experience to his new role. Having joined Newmont... 

Francois Hardy
Francois Hardy

Albemarle, Cummins receive tax credits under Biden's clean energy drive

By: Reuters     Updated 3 hours ago Albemarle, Cummins and Siemens Energy are some companies that received tax credit under a section of the Inflation Reduction Act (IRA), according to details released on Friday by the US Department of Energy (DOE). Thirty five projects, focused on electrical grid enhancements, critical minerals,... 

Association condemns BLM’s Conservation and Landscape Rule as industry lockout

By: Mariaan Webb     Updated 3 hours ago The Essential Minerals Association (EMA) has raised objections to the Bureau of Land Management’s (BLM’s) final Conservation and Landscape Health rule, citing concerns over what it perceives as a deliberate exclusion of the mining sector from federal lands. President Chris Greissing has voiced... 

Department of Interior Secretary Deb Haaland says the rule's focus is to bolster landscape resilience in the face of climate change.
Department of Interior Secretary Deb Haaland says the rule's focus is to bolster landscape resilience in the face of climate change.

Nornickel set to build copper plant in China after shutting Russian factory

By: Reuters     Updated 4 hours ago Metals giant Nornickel will close its copper plant that seeks to cut sulphur dioxide emissions in the Russian Arctic and build a new one in China, CEO Vladimir Potanin said, after Western technology partners refused to supply parts. Nornickel, the world's largest palladium producer and a major... 

Vladimir Potanin
Vladimir Potanin

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

By: Reuters     Updated 5 hours 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 5 hours 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 7 hours 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 7 hours 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      22nd April 2024 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     22nd April 2024 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     22nd April 2024 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

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... 

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... 

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

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... 

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

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

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

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... 

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

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

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

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Magazine round up | 19 April 2024

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