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Green hydrogen must be allowed to decarbonise optimally, Junior Indaba hears  

By: Martin Creamer     23rd May 2024 Green hydrogen must be made cheap enough to decarbonise optimally at a time when the delay in emission reduction needs to be reversed if the world is to hit net zero by 2050. A range of factors need to be aligned relating to policy, technology, the circular economy, social buy-in and primary supply. 

Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Large Anglo shareholders are backing miner’s stance on BHP talks

By: Bloomberg     24th May 2024 Several of Anglo American’s big shareholders have said they support the company’s efforts to persuade BHP Group to change the structure of its takeover proposal or compensate for the risks it presents, before accepting any offer. BHP has one week to convince its target of the value of its... 

Large Anglo shareholders are backing miner’s stance on BHP talks

Petra signs PPAs to procure wheeled renewable energy for Cullinan, Finsch

By: Darren Parker     23rd May 2024 Diamond producer Petra Diamonds has entered into long-term power purchase agreements (PPAs) for the procurement of wheeled renewable energy for its Cullinan and Finsch diamond mines from licenced South African energy trader Etana Energy. Etana provides cost-competitive clean energy from new... 

Cullinan diamond mine
Cullinan diamond mine

MC Mining acknowledges Goldway’s plans to buy all outstanding shares

By: Darren Parker     Updated 3 hours ago ASX-, JSE- and Aim-listed MC Mining has acknowledged the announcement made on May 22 by investment firm Goldway Capital Investment regarding an offer to compulsorily buy out certain ordinary shares in MC Mining following Goldway's recent off-market takeover offer. The terms of the buy-out offer... 

Speakers highlight focus areas to tackle mine water challenges 

By: Tasneem Bulbulia     23rd May 2024 South Africa has made considerable strides in addressing mine water challenges; however, it is imperative that these efforts are bolstered and improved upon, through aligning research with implementation, ensuring that the correct processes are in place and adapting the regulatory environment to... 

Speakers highlight focus areas to tackle mine water challenges

Clock runs down on BHP’s $43bn bid for Anglo American

By: Bloomberg     22nd May 2024 BHP Group has just hours to launch a blockbuster bid to buy smaller mining rival Anglo American — or put its audacious takeover plan on the shelf. The proposal by the world’s biggest miner to spin off two units and then buy the remainder of Anglo would create a global copper behemoth, heralding... 

Anglo CEO Duncan Wanblad and BHP CEO Mike Henry
Anglo CEO Duncan Wanblad and BHP CEO Mike Henry

Municipalities, mines share the risk of tailings failures – SRK

By: Darren Parker     Updated 3 hours ago Municipalities share the risk of tailings dam failure with mines, consulting firm SRK Consulting has pointed out, noting that the latest global standards reiterate how municipalities must play an important role in the emergency response and recovery efforts after such incidents. Local government... 

tailings dam

South32's CEO says open to buying joint Anglo manganese assets

By: Reuters     23rd May 2024 Australian diversified miner South32 is open to buying Anglo American's share of two manganese operations the companies jointly own, should they come for sale at the right price, CEO Graham Kerr said on Thursday. Anglo is the subject of a takeover offer by the world's biggest listed miner BHP... 

Graham Kerr says South32 is open to increasing its exposure in Southern Africa.
Graham Kerr says South32 is open to increasing its exposure in Southern Africa.

Emmerson pleased with innovative processing method to be used at Morocco project

By: Marleny Arnoldi     Updated 4 hours ago Aim-listed potash development company Emmerson’s main priority at this time is obtaining environmental approval for the Khemisset project, in Morocco. The company advises that a scoping study published in February identifies a novel processing route for the project, called the Khemisset... 

Moroccan flag
Moroccan flag

BHP has a week to convince Anglo its South African plan can work

By: Bloomberg     23rd May 2024 BHP Group just won an extra week to convince Anglo American on its $49-billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about South Africa? After a month of rising tensions, the companies are holding discussions after BHP... 

BHP CEO Mike Henry
BHP CEO Mike Henry

De Beers reports lower fourth-cycle rough diamond sales

By: Creamer Media Reporter      23rd May 2024 Diamond miner De Beers sold $380-million worth of rough diamonds during its fourth sales cycle of this year, compared with the $446-million of diamonds sold during the third sales cycle of this year. Sales were also lower than the $479-million of diamonds sold during the fourth sales cycle of 2023. 

Rough diamonds sold by De Beers

PGM prices impact on Tharisa’s first-half profit, but market fundamentals are ‘solid’

By: Marleny Arnoldi     23rd May 2024 JSE-listed platinum group metals (PGM) and chrome producer Tharisa has reported a 20% year-on-year decrease in net profit after tax, at $38.8-million, for the six months ended March 31, compared with the $54.7-million net profit reported for the six months ended March 2023. The group declared... 

Tharisa mine
Tharisa mine

AngloGold inks Tanzania farm-in deal with EcoGraf

By: Creamer Media Reporter      23rd May 2024 Gold mining company AngloGold Ashanti has signed a $9-million, five-year farm-in agreement with ASX-listed junior EcoGraf for the exploration of gold at the Golden Eagle project, in Tanzania. Located on the easter-margin of the Archean Lake Victoria goldfields, the Golden Eagle project is in the... 

Lexington confirms gold mineralisation extends beyond historical drill sites at Bothaville

By: Marleny Arnoldi     23rd May 2024 Aim-listed Lexington Gold has completed 2 355 m of drilling at the Bothaville project, in South Africa’s Free State province, which proves the concept of A-Reef channels occurring on the site. While three drill holes showed eight intersections of gold-bearing mineralisation, drilling on a... 

Botswana Diamonds expands its land holdings in the Kalahari

By: Chanel de Bruyn     23rd May 2024 Diamond exploration company Botswana Diamonds has been granted four prospecting licences – covering just under 2 332 km2 – in the Kalahari of Botswana. The prospecting licences are in the same general area as Gem Diamonds' Ghaghoo mine, as well as Botswana Diamonds' own KX36 project. 

Botswana Diamonds chairperson John Teeling
Botswana Diamonds chairperson John Teeling

Zimbabwe state miner says lithium assets attract investors

By: Bloomberg     23rd May 2024 Zimbabwe’s state-owned miner Kuvimba Resources said its lithium assets are attracting potential investors from both China and other countries. Kuvimba has identified a lithium ore resource of 38 million tons at Sandawana, the site of a mothballed emerald mine formerly run by Rio Tinto. That’s... 

Manganese mining, local processing and green hydrogen make headlines  

By: Creamer Media Reporter      Updated 5 hours ago Mining Weekly Editor Martin Creamer unpacks the importance of South Africa locally processing its manganese ore, discusses private investment company Menar's plans to grow its manganese mining and processing operations in South Africa and Gabon and provides an update on Hive Hydrogen's efforts to... 

Manganese mining, local processing and green hydrogen make headlines

Madison begins drilling at Namibian uranium project

By: Darren Parker     23rd May 2024 Toronto-based Madison Metals has started its maiden 2024 drill programme at the Khan project at Madison West in Namibia’s Erongo uranium province.  In April, the company announced that it had embarked on a mapping programme ahead of the drill programme, which consisted of infill geological... 

madison drilling campaign at Khan

Zhaojin moves ahead with compulsory acquisition of remaining Tietto shares

By: Sabrina Jardim     Updated 3 hours ago ASX-listed Tietto Minerals has reported that the off-market takeover offer made by Zhaojin Capital for all of the issued shares in Tietto that Zhaojin does not already own, closed at 19:00, Sydney time, on May 14. As at Tuesday, May 14, Zhaojin had voting power of 90.72% in Tietto. 

Environmental activists sue Norway over seabed mineral plan

By: Reuters     Updated 3 hours ago Environmental campaigners have filed a lawsuit at an Oslo court challenging Norway's plan for seabed mineral exploration, citing insufficient impact assessment of the mining, the World Wide Fund for Nature (WWF) and its lawyer said on Friday. Norway's parliament in January approved a proposal to... 

Environmental activists sue Norway over seabed mineral plan

Aris Mining plans smaller-scale Soto Norte development, ups stake to 51%

By: Creamer Media Reporter      Updated 4 hours ago Toronto- and New York-listed Aris Mining is set to increase its shareholding in the Soto Norte project, in Colombia, to a controlling interest of 51%. The company will acquire an addition31% joint venture (JV) interest in the copper/gold project in a share transaction. Aris will issue... 

Neil Woodyer
Neil Woodyer

Lundin links $2.55bn credit and loan facilities to ESG performance

By: Creamer Media Reporter      Updated 4 hours ago Canadian base metals company Lundin Mining has amended terms of two credit facilities – a $1.75-billion revolving credit facility and a $800-million term loan – to implement a sustainability-linked loan structure. The sustainability-linked loan structure incentivises reduced greenhouse gas... 

Battery maker ATL invests in Argosy Minerals

By: Creamer Media Reporter      Updated 5 hours ago ASX-listed Argosy Minerals on Thursday announced a $5-million strategic investment from lithium-ion battery maker Amperex Technology (ATL) and the appointment of James Shay as COO. In terms of a subscription agreement, Argosy will place new fully paid ordinary shares in the company to ATL at... 

Hawsons Iron appoints new CEO

By: Creamer Media Reporter      Updated 5 hours ago Iron-ore developer Hawsons Iron has appointed Tom Revy as CEO, replacing Bryan Granzien who is retiring. Revy has more than 35 years’ experience in the resources sector, having previously held senior roles at MIM Holdings, GRD Minproc and Worley Parson. 

SQM expects to close Codelco lithium deal by May 31 deadline

By: Reuters     24th May 2024 Chilean mining company SQM, the world's second-largest lithium producer, expects to meet a May 31 deadline to finalise a joint venture with state-run miner Codelco, SQM's CFO, Gerardo Illanes, said on Thursday. Some analysts had cautioned the deal could be delayed after an earlier deadline was... 

Australian natural gas industry seeks policy repairs to boost investment

By: Reuters     24th May 2024 Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and curb soaring energy prices. While most executives at the Australian Energy Producers Conference in... 

Equinox marks first gold pour at Greenstone mine

By: Creamer Media Reporter      24th May 2024 Canadian miner Equinox Gold has successfully poured its first gold at the newly built Greenstone mine, in Ontario. The inaugural gold pour occurred on schedule, with the recovery circuit yielding 1 800 oz of gold. Equinox reports that all equipment functioned as expected during the process. 

Equinox marks first gold pour at Greenstone mine

Australian state blocks Glencore's carbon storage project over groundwater risk

By: Reuters     24th May 2024 A Glencore carbon capture and storage project in eastern Australia cannot go ahead because it could irreversibly harm groundwater used by farmers, a state government said on Friday, adding that it would also block similar projects. Global commodities giant Glencore said the decision by... 

Australian state blocks Glencore's carbon storage project over groundwater risk

Hecla appoints interim CEO as Baker resigns

By: Reuters     24th May 2024 Silver producer Hecla Mining on Thursday announced the appointment of Catherine Boggs as interim president and CEO with immediate effect, succeeding Phillips Baker, who is stepping down after 23 years at the company. Boggs, who is currently chairperson, will be assisted in management the affairs... 

Hecla appoints interim CEO as Baker resigns

Magazine round up | 24 May 2024 

24th May 2024 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 24 May 2024

Metallica puts Cape Flattery development works on hold amid takeover

By: Mariaan Webb     23rd May 2024 Takeover target Metallica Minerals has suspended the majority of the planned project development works at its Cape Flattery silica project, in Queensland, citing the unsolicited, offmarket takeover offer by Diatreme Resources. The company said that it had engaged with the Office of the... 

Metallica puts Cape Flattery development works on hold amid takeover

Enviro thumbs-up for Image’s mineral sands mine

By: Creamer Media Reporter      23rd May 2024 The Atlas mineral sands project, north of Perth in Western Australia, has received environmental approval, ASX-listed Image Resources reported on Thursday. The approval from Energy, Environment and Climate Action Minister Reece Whitby to develop the Atlas project moved the company one step... 

Russia's Nornickel board proposes no dividend for 2023 results

By: Reuters     23rd May 2024 The board of Russian metals and mining giant Nornickel recommended no dividend on its 2023 results, a year when the company faced significant pressure from sanctions restrictions and geopolitical challenges, Nornickel said on Thursday. Disagreements on dividends have for years been the main... 

Activist investor asks Rio Tinto to give up its primary London listing

By: Reuters     23rd May 2024 A UK-based activist investor has called for Rio Tinto to abandon its London listing and unify its corporate structure in Australia instead, the Financial Times reported on Thursday. Palliser Capital, which has taken up a stake in Rio Tinto, said that the metals and mining behemoth's dual... 

Rio Tinto CEO Jakob Stausholm
Rio Tinto CEO Jakob Stausholm

Pakistan coal miners face expansion issue as China stops funding

By: Bloomberg     23rd May 2024 Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines, according to the head of a local producer. “The real challenge for us is financing,” Amir Iqbal, CEO of Sindh Engro Coal Mining Co., said in an interview in Islamabad, mentioning China... 

Pakistan coal miners face expansion issue as China stops funding

Hudbay upsizes bought-deal offering

By: Creamer Media Reporter      23rd May 2024 Base metals company Hudbay Minerals has increased the size of its previously announced equity offering from $300-million to $350-million. Underwriters will now buy 36.84-million shares at $9.50 each in the bought-deal offering. 

Faraday Copper raises C$20m

By: Creamer Media Reporter      23rd May 2024 Canadian company Faraday Copper on Wednesday announced a C$20-million bought-deal financing to advance the exploration and development of its Copper Creek project, in Arizona, US. Faraday entered into an agreement with Ventrum Financial Corp as co-lead underwriter and joint bookrunners for the... 

SQM swings to $870m loss as oversupply sinks prices

By: Reuters     23rd May 2024 Chilean mining company SQM, the world's second-largest lithium producer, on Thursday posted a net loss of $870-million for the first three months of the year, as oversupply of the metal needed for electric vehicle batteries drags on prices. This brought a loss of $3.04 per share, well below the... 

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Manganese mining, local processing and green hydrogen make headlines

Magazine round up | 24 May 2024

Green hydrogen must be allowed to decarbonise optimally, Junior Indaba hears

Resources Watch

Latest cadastre agreement excites South Africa’s Junior Indaba panel

Menar advancing on the manganese front

Platinum-enabled green molecules offering inviting green electron value-add – Nedbank

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