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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.

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

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

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.

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... 

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

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 London listing, FT reports

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... 

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... 

Troubled Peru copper mine starts expansion work in supply boost

By: Bloomberg     23rd May 2024 China’s MMG is hopeful it can start digging copper from a new pit at its giant Las Bambas project in Peru by the end of this year, bringing some much-needed extra supply to a tightening global market. Las Bambas has for years operated well below its annual capacity of 400 000 t due to a torrent... 

Troubled Peru copper mine starts expansion work in supply boost

Rio Tinto and Bougainville Copper face class action over mine impact

By: Mariaan Webb     23rd May 2024 Miners Rio Tinto and Bougainville Copper (BCL) on Thursday confirmed that class action had been initiated against the companies in Papua New Guinea’s national court. The action, brought forth on behalf of Bougainville residents, aims to seek compensation for alleged environmental degradation and... 

Ruins of the Panguna mine that ceased operations in 1989.
Photo by madlemurs
Ruins of the Panguna mine that ceased operations in 1989.

Sayona kicks off drilling at 'highly prospective' Tabba Tabba

By: Creamer Media Reporter      23rd May 2024 North American lithium producer Sayona Mining has initiated reverse circulation (RC) drilling at its Tabba Tabba project, in Western Australia, where previous air core drilling identified potential pegmatite systems. A recently completed gravity survey has helped focus deeper RC drilling over... 

Sayona kicks off drilling at 'highly prospective' Tabba Tabba

Eraring coal plant closure delayed by two years

By: Bloomberg     23rd May 2024 Origin Energy will delay the closure of Australia’s largest coal-fired power station amid concerns renewable energy isn’t being added fast enough to keep pace with plans to quit fossil fuels. The utility agreed to a request from the New South Wales government to keep operating part of the 2.9 GW... 

The Eraring power station will remain open until August 2027
The Eraring power station will remain open until August 2027

BHP shares fall after Anglo American rejects proposal

By: Reuters     23rd May 2024 Shares of Australia's BHP Group fell over 3% on Thursday, a day after smaller rival Anglo American rejected its third takeover proposal and agreed to a one-week extension for the deadline to make a binding offer. Shares of BHP fell as much as 3.8% to A$44.47 by 00:26 GMT.  

BHP shares fall after Anglo American rejects proposal

Copper frenzy draws mining giants to Argentina after Milei’s reforms

By: Bloomberg     23rd May 2024 Global mining heavyweights including Lundin Mining, Glencore and First Quantum Minerals are piling into Argentina as a new government intent on luring foreign investment propels the companies closer than ever to opening up vast copper deposits in the red-hued Andes. It’s part of a colossal wave... 

Copper frenzy draws mining giants to Argentina after Milei’s reforms

First Quantum seeks to speed up Peru projects after Panama debacle

By: Reuters     23rd May 2024 Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void, is seeking to speed its copper projects in Peru, a company executive said on Wednesday. One of the... 

First Quantum seeks to speed up Peru projects after Panama debacle

Kingsrose and BHP team up to explore Finland and Norway

By: Mariaan Webb     22nd May 2024 ASX-listed Kingrose Mining on Wednesday announced an exploration alliance agreement with commodities major BHP, which would provide funding for regional exploration across Norway and Finland. This follows on from Kingrose’s successful participation in the BHP Xplor programme, which the major... 

Kingsrose and BHP team up to explore Finland and Norway

At least two companies seek Norway seabed mining permits

By: Reuters     22nd May 2024 Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they hope to explore for minerals, in what could be the start of a controversial new mining industry. The process puts Norway on track to become the first country to start commercial... 

At least two companies seek Norway seabed mining permits

South Harz bolsters position in German potash sector

By: Mariaan Webb     22nd May 2024 Australia-headquartered potash firm South Harz on Wednesday announced the completion of the prefeasibility study (PFS) for its flagship Ohmgebirge development in central Germany. Alongside this milestone, the company reported a potential significant future acquisition of a neighbouring mining... 

Junior coal miners bemoan logistics as single-biggest challenge to their survival

By: Marleny Arnoldi     22nd May 2024 Logistics inefficiencies in South Africa are the single-biggest reason why junior mining companies are likely to fail, said midtier coal producer Ndalamo Resources. Ndalamo CEO Shammy Luvhengo participated in a junior coal mining panel at Joburg Indaba, which was held on May 21 and 22,... 

Coal being transported to port by rail

Harmony employee dies in blasting incident at its Phakisa mine

By: Creamer Media Reporter      22nd May 2024 An employee was killed in a blasting incident at Harmony Gold Mining's Phakisa mine on Tuesday afternoon. All blasting operations have been temporarily suspended. The relevant authorities have been informed and the Department of Mineral Resources and Energy, labour representatives and mine... 

Huge manganese value-add opportunity reiterated at Junior Indaba 

By: Martin Creamer     22nd May 2024 The huge opportunity that South Africa has to add value to its rich endowment of manganese through local processing was reiterated during the second day of Wednesday’s Junior Indaba. “Specific to manganese, we’re certainly very bullish,” Manganese Metal Co (MMC) CEO Louis Nel said in response to... 

From left, Kudakwashe Maramba, George Roach, Ntsiki Adonisi, Louis Nel, Jaco Prinsloo, Bernard Swanepoel.
From left, Kudakwashe Maramba, George Roach, Ntsiki Adonisi, Louis Nel, Jaco Prinsloo, Bernard Swanepoel.

Anglo shoots down BHP’s third attempt, agrees to one-week extension 

By: Mariaan Webb     22nd May 2024 The world’s top diversified miner BHP has made a third unsolicited conditional takeover proposal for smaller rival Anglo American on Wednesday, only hours before its initial deadline for a firm intention to make an offer expired. The board of London-listed Anglo American rejected the latest... 

Anglo American chairperson Stuart Chambers
Anglo American chairperson Stuart Chambers

Hydrogen Council appoints CEO

By: Creamer Media Reporter      22nd May 2024 Global CEO-led initiative the Hydrogen Council has appointed Ivana Jemelkova as CEO, following an extensive, international search. Jemelkova is a recognised leader in energy and sustainability, with a record of building and managing successful coalitions and partnerships to accelerate... 

Hydrogen Council CEO Ivana Jemelkova
Hydrogen Council CEO Ivana Jemelkova

More funding mechanisms needed to support juniors in early stage exploration, panel says

By: Darren Parker     22nd May 2024 South Africa needs more funding mechanisms to support junior mining at an early stage of exploration, Bedrock Capital CEO Messu Mwaniki said on May 21 at the Junior Indaba in Johannesburg. “I think by now we should have much more junior mining funds available, which can be seen to come on board,... 

JSE primary markets business development manager Patrycja Kula-Verster
JSE primary markets business development manager Patrycja Kula-Verster

Fortescue excluded from world’s biggest hydropower plant development

By: Bloomberg     22nd May 2024 A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix Tshisekedi’s office, which has replaced the firm with a Nigerian oil producer. Natural Oilfield Services... 

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Menar advancing on the manganese front

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Minerals Council, Geoscience, IDC going all out to boost South African exploration

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