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Creamer Media Reporter

Creamer Media’s news team is based mainly in South Africa, but the team includes regular correspondents from other parts of Africa, such as Zimbabwe, Malawi, Botswana, Kenya and the rest of the world, including the United Kingdom, Australia and India. Email: newsdesk@engineeringnews.co.za

Jurie Wessels

23rd February 2024 This week we profile Jurie Wessels, founder and executive chairperson of Vanadium Resources, which is developing the Steelpoortdrift mine and concentrator and the Tweefontein salt roast leach plant 

Equinox targets one-third production jump this year

22nd February 2024 Canada-based gold miner Equinox Gold has finished 2023 strongly, not only achieving its gold guidance, but also setting out plans for a big step up in output this year. Equinox, which has seven operating gold mines in the US, Mexico and Brazil, has set its guidance for 2024 at between 660 000 oz... 

Harmony's shares rise on higher earnings outlook

22nd February 2024 JSE-listed Harmony Gold's share price rose by more than 5% on February 22 after the company reported that its earnings per share (EPS) for the six months ended December 31, 2023, were likely to increase by more than 100% year-on-year to between R9.37 and R9.76 in rand terms and between $0.50 and... 

Harmony's shares rise on higher earnings outlook
Harmony's Moab Khotsong mine

Mayur’s Orokolo Bay partner faces ‘sudden financial difficulties’

21st February 2024 Australia-based Mayur Resources said on Wednesday that its partner in the Orokolo Bay vanadium, titanium and iron sands project, in Papua New Guinea, had pulled out, citing “sudden financial difficulties” related to the depressed state of the global nickel market. Mayur and Indonesia-based PT... 

Hot Chili executes option to acquire Chile project

21st February 2024 ASX- and TSX-V-listed Hot Chili has executed an option agreement with ASX-listed Bastion Minerals for the right to acquire the Cometa project in Chile. The project is near Hot Chili’s Costa Fuego copper/gold project in the coastal range of the Atacama region. 

Mt Gibson makes big profit jump on strong Koolan Island performance

21st February 2024 Iron-ore miner Mount Gibson on Wednesday reported an aftertax net profit of A$138.7-million in the half-year to December 31, compared with A$7.4-million in the corresponding period. The significantly increased earnings reflected strong operational improvement and record half-yearly high-grade... 

Abcourt restarts Sleeping Giant mill

21st February 2024 Toronto-listed Abcourt Mines on February 13 started processing gold at its Sleeping Giant mill,near Amos, Quebec. The mill operated at 20 t/h during this first week. On Monday, the mill began to operate at its nominal rate of 32 t/h with the addition of the second ball mill. 

Western receives C$4.6m from warrant exercises

21st February 2024 US-focused Western Uranium and Vanadium has received about C$4.5-million in proceeds from the exercise of common share purchase warrants and plans to use most of the proceeds to accelerate the ramp-up of its uranium mining and milling projects. Between December 1,2023, and February 16, 2024,... 

New deal makes Rio Tinto Australia’s biggest renewable energy buyer

21st February 2024 Mining group Rio Tinto has signed Australia’s biggest renewable energy power purchase agreement (PPA) to supply its Gladstone operations in Queensland, agreeing to buy the majority of electricity from the planned 1.4 GW Bungaban wind project developed by Andrew Forrest’s Windlab. The agreement,... 

New deal makes Rio Tinto Australia’s biggest renewable energy buyer
The deal is a major step in the work to repower the Gladstone production assets, including the Boyne aluminium smelter (pictured), Yarwun alumina refinery and Queensland Alumina refinery.

Sayona unveils feasibility results for ‘centrepiece’ Moblan lithium project

20th February 2024 North American lithium producer Sayona Mining has announced feasibility study results that demonstrate the value of its Moblan lithium project, forming the centrepiece of the company’s Eeyou Istchee James Bay hub in northern Québec, Canada. Moblan, owned 60% by Sayona and 40% by Investissement... 

Sayona unveils feasibility results for ‘centrepiece’ Moblan lithium project

Metals Acquisition dual lists on ASX following A$325m IPO

20th February 2024 Copper miner Metals Acquisition Limited (MAC) on Tuesday started trading on the ASX, following completion of its oversubscribed initial public offering (IPO) in Australia. MAC raised A$325-million through the issue of 19.12-million chess depository interests (CDIs) at the top of its indicative... 

Metals Acquisition dual lists on ASX following A$325m IPO

New Cascabel PFS cuts initial capex

19th February 2024 London- and Toronto-listed SolGold has announced the results of a new prefeasibility study (PFS) for the Cascabel project, in Ecuador, which supports a phased block cave mine development that substantially reduced the initial capital expenditure (capex) required. The PFS puts an initial capex... 

Cosmo exercises option to acquire Kanowna project

19th February 2024 Gold and base metals exploration company Cosmo Metals on Monday announced it would acquire the Kanowa Gold Project (KGP), located adjacent to the seven-million ounce Kanowa Belle gold mine, north-east of Kalgoorlie. The 20 km2 KGP, which comprises 12 prospecting licences, is “compelling with... 

Cash from Kanmantoo copper sales hits the bank

19th February 2024 Following the recent launch of copper production at the Kanmantoo underground mine in South Australia, Hillgrove Resources has now sold its first copper concentrate, securing the initial proceeds. “Seeing the cash from the first copper sales hit the bank account was very gratifying. The revenues... 

Cash from Kanmantoo copper sales hits the bank

Diatreme makes takeover for neighbouring Metallica

16th February 2024 Brisbane-based silica sand miner Diatreme Resources has made a conditional takeover offer for Metallica Minerals, a move that would combine the companies' silica sand assets in Far North Queensland to create a largerresource base for the global solar photovoltaic industry. The all-scrip offer of... 

Diatreme makes takeover for neighbouring Metallica

Loadshedding to reduce to Stage 2 from 10:00 on Friday

16th February 2024 Eskom has announced that it will be reducing loadshedding to Stage 2 from 10:00 on Friday, following the return of additional generating units. The utility says emergency reserves are also adequate and it expects lower electricity demand. 

Loadshedding to reduce to Stage 2 from 10:00 on Friday

Magazine round up | 16 February 2024

16th February 2024 A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

Magazine round up | 16 February 2024

Pearl Mashabane

16th February 2024 This week we profile Pearl Mashabane, the diversity, equity and inclusion leader for Africa and the Middle East at Cummins, which manufactures, distributes and maintains diesel engines and power systems 

Pearl Mashabane
Pearl Mashabane: Diversity, equity and inclusion (DEI) leader for Africa and the Middle East at Cummins

Barrick targets higher output this year after missing FY guidance

14th February 2024 old is forecasting higher gold production in 2024, setting a target of 3.9-million to 4.3-million ounces for the year. This compares with gold production of 4.05-million ounces this year, which slightly missed the 2023 group guidance. “Despite picking up the pace in the latter half of the year,... 

Barrick targets higher output this year after missing FY guidance
The Pueblo Viejo operation in the Dominican Republic

Stallion to sell noncore Athabasca projects

14th February 2024 TSX-V-listed Stallion Uranium has entered into a definitive purchase and sale agreement, granting Glorious Creation the right to acquire a 100% interest in its Eastern Basin projects, comprising seven mineral claims totalling 10 874 ha in Saskatchewan. “We are excited to see our three Eastern... 

Heavy Minerals raises cash to complete Port Gregory PFS

14th February 2024 Industrial mineral exploration company Heavy Minerals on Wednesday announced a capital raising through a share purchase plan (SPP) to raise up to A$750 000 to complete the Port Gregory project prefeasibility study (PFS) work, while awaiting the receipt of royalty funds. The ASX-listed company... 

NickelX snaps up Canada uranium project

14th February 2024 Australian exploration company Nickel X on Wednesday revealed its successful acquisition of uranium targets through low-cost claim staking in Ontario, Canada. This move aligns with its commitment to exploring fresh opportunities in uranium and gold, as the company adapts to shifting dynamics in... 

Aguia appoints Brazil country manager

14th February 2024 Australia-listed Aguia Resources has appointed Tim Hosking to the role of country manager for its Brazil operations. As country manager living full time in Brazil, Hosking will assume overall management of Aguia’s phosphate and copper projects and continue to advance the development of the Tres... 

Azure scoops Craig Oliver award

13th February 2024 Lithium exploration powerhouse Azure Minerals was awarded the Craig Oliver award at the RIU Explorers Conference in Fremantle on Tuesday. The award is dedicated to the former Sundance Resources director and prominent West Australian who died in a plane crash in West Africa nearly 15 years ago. 

Lundin reports fatality at Portugal mine

13th February 2024 Canada-based Lundin Mining has reported a fatal incident at its Neves-Corvo zinc mine, in Portugal. The event occurred when an employee operating equipment underground was involved in a fall of ground incident on Monday. 

Valor options Frazer Lake lithium project in Canada

13th February 2024 Australia-based Valor Resources, which will reposition as Thunderbird Resources over the next few months, has acquired a low-cost option over a portfolio of highly prospective lithium projects in Canada. The company in December announced the exclusive option agreement with Pegmatite One Lithium... 

Eskom to downgrade loadshedding to Stages 3 and 4 from Tuesday

12th February 2024 Power utility Eskom plans to downgrade loadshedding to Stage 3 from 05:00 on Tuesday. This will be followed by Stage 4 loadshedding from 16:00 on Tuesday to 05:00 on Wednesday. This pattern will be repeated until further notice. 

Eskom to downgrade loadshedding to Stages 3 and 4 from Tuesday

REE firm Medallion rebrands as Gabo Mining

12th February 2024 Rare earth element (REE) company Medallion Resources is rebranding as Gabo Mining and will start trading on the TSX-V under the symbol ‘GAB’ on February 14. The company, which has developed a proprietary process to extract REEs from monazite, will be consolidating its common shares on the basis... 

Electra receives govt grant for Ontario cobalt sulphate refinery

12th February 2024 The Canadian government made a $5-million investment to support the construction of North America’s first cobalt sulphate refinery, dual-listed Electra Battery Materials reported on Friday. The investment will be provided in the form of a grant from the Federal Economic Development Initiative... 

Electra receives govt grant for Ontario cobalt sulphate refinery
Electra CEO Trent Mell

Northern Nevada ‘far from being mature district’, says Barrick Gold

12th February 2024 Northern Nevada, in the US, remains highly prospective for new gold discoveries and is “far from being a mature gold district”, says NYSE- and TSX-listed Barrick Gold CEO Mark Bristow. Using the Fourmile development project as an example, Bristow points out that the 100% Barrick-owned project is... 

Northern Nevada ‘far from being mature district’, says Barrick Gold

Mandrake receives BLM permit for Utah lithium project

9th February 2024 ASX-listed Mandrake Resources has received the required permitting form the US federal Bureau of Land Management (BLM) for the re-entry of two wells at the 379 km2 Utah lithium project, in the Paradox basin. BLM approval follows the submission by Mandrake of a detailed Notice of Intent submitted... 

Syrah starts AAM production at Vidalia

9th February 2024 Graphite miner Syrah Resources on Friday announced the start of active anode material (AAM) production at its new 11 250 t/y Vidalia facility, Louisiana. This has made the ASX-listed company the first commercial-scale vertically integrated natural graphite AAM supplier outside China, said MD and... 

Kin Mining completes sale of WA gold deposits

9th February 2024 ASX-listed Kin Mining has completed the sale of selected gold deposits in the Cardinia gold project, in Western Australia, to fellow-listed Genesis Minerals. The completion of the transaction this week resulted in Kin receiving A$15-million in cash and 21.92-million fully paid shares. With the... 

Paulsens refurbishment off to a strong start – Black Cat

9th February 2024 ASX-listed Black Cat Syndicate has started refurbishment works on the processing facility at the Paulsens gold mine, in Western Australia. The company, which in November unveiled a new restart plan for the gold mine, is advancing procurement of long lead items, it said in a statement on Friday. 

Aus govt invests in wind farm to power BHP copper mine

9th February 2024 The Australian government, through the Clean Energy Finance Corporation, has announced a A$99-million investment in Neoen’s Goyder wind farm and big battery project, which will provide electricity to BHP’s copper mine in the northern part of South Australia. Once completed, the wind farm will... 

Atlantic Council’s Africa Center launches programme on African critical minerals

9th February 2024 The Africa Centre of think tank Atlantic Council is launching an innovative three-year programme focused on critical minerals in Africa. As home to 30% of the world’s critical-mineral reserves, Africa has a central role to play in twenty-first-century supply chains, particularly for electric... 

Silver One acquires 'extremely rich silver vein' project

9th February 2024 TSX-V-listed Silver One has exercised its option to acquire a 100% interest in the high-grade Phoenix Silver project, in the ‘Arizona Silver Belt’. The project covers 6 141 ha along the northern extension of a prolific 30-km-long mineralised trend hosting past and current producing silver and... 

Ronny Levitan

9th February 2024 This week we profile Ronny Levitan, head of Deel South Africa, which works for independent contractors and full-time employees in more than 150 countries, offering the first, and so far only, all-in-one human resources platform for global teams 

Ronny Levitan
Ronny Levitan, head of Deel South Africa

Alliance Nickel inks term sheet for future offtake from WA mine

8th February 2024 Australian company Alliance Nickel has agreed a non-binding team sheet with Samsung SDI for future offtake of battery-grade nickel and cobalt sulphate products from the NiWest nickel and cobalt project, in Western Australia. The term sheet not only outlines general terms to which Samsung will... 

SQM launches third call for lithium accelerator programme

8th February 2024 Chile’s SQM Lithium Ventures has launched the third generation of its corporate acceleration programme focusing on innovative start-ups offering solutions within the lithium industry. The acceleration programme will focus on proposals in three key verticals: Water, lithium and electromobility.  

SQM launches third call for lithium accelerator programme

NioBay strengthens ‘green’ portfolio

8th February 2024 TSX-V-listed NioBay Metals has executed a definitive option agreement with fellow-listed Vior to acquire an 80% undivided interest in the Foothills project, which has strong potential for the discovery of critical and strategic metals. Located 90 km south of Saguenay, Quebec, the project covers... 

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