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Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Senior Contributing Editor Online for Engineering News and Mining Weekly.

Gemfields earns $68.7m in revenue from June ruby auction

19th June 2024 London-listed Gemfields Group recorded total auction revenues of $68.7-million from the June auction of mixed-quality rough rubies recovered from the Montepuez ruby mine, in Mozambique. The group reports that 94 of the 97 lots, comprising 217 044 ct, offered for sale in the June auction were sold... 

Diederichs becomes Predictive COO as firm bolsters management to support Guinea project progress

18th June 2024 ASX-listed Predictive Discovery has made several key appointments to further strengthen its board and management team, to support progress with the 5.38-million-ounce Bankan gold project in Guinea. Alberto Lavandeira joins as non-executive director, bringing more than 45 years of development and... 

Galantas’ Omagh trial stoping proves viability of mining method

18th June 2024 TSX-V-listed Galantas Gold has completed its trial stoping programme at the Cavanacaw gold mine at the Omagh project in county Tyrone, Northern Ireland. This programme has enhanced the company’s understanding of the mine development process and confirmed the viability of using a longhole mining... 

Global Atomic’s Niger project nearing financing from US development bank

18th June 2024 TSX-listed Global Atomic is on the verge of securing financing for the development of the Dasa uranium project in Niger. Among the approaches is a proposed $295-million debt financing led by a US development bank that is progressing towards approval. In addition to debt financing, Global Atomic... 

Global Atomic’s Niger project nearing financing from US development bank
A rig at the Dasa project

Cornish to dispose of Canada’s Nickel King property

18th June 2024 Aim- and TSX-V-listed Cornish Metals has announced the sale of its 100% interest in the Nickel King and Opescal Lake properties, in Canada’s Northwest Territories, to Northera Resources for up to C$8-million. The sale of Nickel King aligns with Cornish Metals’ objective to focus its efforts on... 

Lindian implements leadership changes to progress Malawi project

14th June 2024 ASX-listed Lindian Resources has announced a cohort of board and leadership changes, effective immediately. Jack Fazio has resigned as nonexecutive director to assume a full-time role as project director. 

Arc starts drilling at Botswana project

14th June 2024 London-listed Arc announces the start of an exploration drilling programme over the company’s PL135/2017 and PL162/2017 licences at its Virgo project within the highly prospective central structural corridor of the Kalahari Copper Belt (KCB) in Botswana. At the end of May, Arc reported on the... 

Volt expands team to facilitate growth to field operations

14th June 2024 Lithium development and technology company Volt Lithium has appointed Dave Kimery as COO, Derek McFarlane as production engineer and field operations, and Greg Foofat as investor relations VP.  Since the beginning of 2024, Volt has expanded its operational team to prepare for field operations in... 

Plain language voluntary standard published

14th June 2024 The South African Bureau of Standards (SABS) in March adopted and published the South African National Standard (SANS) 24495 – Plain Language. South Africa has been implementing the principles of plain language since the promulgation of the Consumer Protection Act of 2008. 

Ivanhoe completes Phase 3 concentrator construction at DRC copper complex

14th June 2024 TSX-listed Ivanhoe Mines announced that, on May 26, first ore was fed into the Phase 3 concentrator at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). First ore marks the completion of construction of the Phase 3 concentrator, which has been achieved months ahead of... 

Ivanhoe completes Phase 3 concentrator construction at  DRC copper complex
Photo by Bloomberg
Ivanhoe founder and executive co-chairperson Robert Friedland

Sustainability reports highlights Osino’s investment in jobs, Namibia’s economy

13th June 2024 TSX-listed Osino Resources’ Twin Hills gold project, located near Karibib in Namibia, is on track to create about 1 000 new jobs in the region, the company’s third annual sustainability report shows. The report summarises the company’s social, environmental and economic performance for the year... 

Sustainability reports highlights Osino’s investment in jobs, Namibia’s economy
Twin Hills gold project

Gold Fields lowers full-year output guidance as Chile mine hit by severe weather

13th June 2024 JSE- and NYSE-listed Gold Fields has revised its group-wide full-year production guidance downward, from between 2.33-million and 2.43-million ounces, to between 2.20-million and 2.30-million ounces, owing to a production revision at its Salares Norte project, in Chile, where production is... 

Gold Fields lowers full-year output guidance as Chile mine hit by severe weather
The Salares Norte mine in Chile

Bezant marks progress at Namibia project

13th June 2024 Aim-listed Bezant Resources has completed the chain of contractor services that will make up the Hope and Gorob mining operation, chairperson Colid Bird outlines in an update on the copper/gold project in Namibia. Letters of preparedness have been received from the main contractors responsible... 

South32’s Samancor Manganese to sell Metalloys smelter to South African company

13th June 2024 South32 subsidiary Samancor Manganese has entered into a binding agreement for the sale of the Metalloys manganese alloy smelter, in Gauteng, to Khwelamet, an entity jointly owned by Menar and Ntiso Investing Holdings. Completion of the transaction is subject to certain conditions, including... 

South32’s Samancor Manganese to sell Metalloys smelter to South African company
Metalloys manganese alloy smelter

Kinetiko secures A$4.9m

12th June 2024 ASX-listed Kinetiko Energy’s renounceable pro-rata entitlement offer to eligible shareholders, announced in May, closed on June 11 and raised about A$4.9-million (before costs), with strong support from major shareholders and directors. The company is developing an energy transition solution for... 

Pilot phase at Sovereign’s Malawi project on track

12th June 2024 ASX- and Aim-listed Sovereign Metals says pilot site construction for the ongoing pilot mining and land rehabilitation programme (pilot phase) at the Kasiya rutile/graphite project, in Malawi, is on schedule, with groundworks under way. “This pilot phase is a step-change for Kasiya and... 

URA appoints Bonas Group as sales partner, qualifies as DelGatto client

12th June 2024 London-listed URA Holdings has appointed Bonas Group as its sales partner and to market and sell rough emeralds recovered from the company’s Gravelotte emerald mine (GEM) in South Africa. This strategic partnership will leverage Bonas Group’s extensive expertise in the diamond and gemstone... 

URA appoints Bonas Group as sales partner, qualifies as DelGatto client
An emerald from Gravelotte

ARC portfolio companies demonstrate resilience in challenging conditions

7th June 2024 JSE-listed African Rainbow Capital (ARC) Investments says that, despite an unfavourable macroeconomic environment for the quarter ended March 31, several portfolio companies have demonstrated resilience, and it remains committed to identifying promising investment opportunities In an update on... 

ARC portfolio companies demonstrate resilience in challenging conditions
The ARC Fund continues to support the Elandsfontein mine’s operational ramp-up

Sibanye-Stillwater changes covenant flexibility of its credit facilities

7th June 2024 JSE- and NYSE-listed Sibanye-Stillwater has announced that the lenders of its revolving credit facilities (RCFs), which include a $1-billion and a R5.5-billion RCF, as well as its Silicosis Guarantee Facility, have agreed to uplift the leverage covenant limits for all the facilities, which the... 

Sibanye-Stillwater changes covenant flexibility of its credit facilities
Photo by Creamer Media's Donna Slater
CEO Neal Froneman

Long-term thinking key to managing South Africa’s mine water challenge

7th June 2024 While South Africa has made considerable strides in addressing mine water challenges, several areas require improvement and focus to ensure that the country continues on a positive trajectory and that the future landscape of the local mining industry is vastly improved. Such areas include... 

Long-term thinking key to managing  South Africa’s mine water challenge
REGULATORY CHALLENGES South Africa needs an enabling environment to treat mine-impacted water

Long-term thinking key to managing South Africa’s mine water challenge

7th June 2024 While South Africa has made considerable strides in addressing mine water challenges, several areas require improvement and focus to ensure that the country continues on a positive trajectory and that the future landscape of the local mining industry is vastly improved. Such areas include... 

Long-term thinking key to managing  South Africa’s mine water challenge
Harmony Gold Mining Company senior sustainable development manager Jozua Ellis

Diamcor closes first tranche of increased placement

5th June 2024 TSX-V-listed Diamcor Mining has closed a $1.4-million first tranche of a nonbrokered private placement following receipt of conditional acceptance of the offering from the TSX-V. The company now anticipates the offering will be oversubscribed and has increased the total amount of the original... 

Diamcor closes first tranche of increased placement
Dry screening plant at the Krone-Endora at Venetia project

Hummingbird bolstered by strong Mali performance, weathers Guinea challenges

4th June 2024 Aim-listed Hummingbird became a multi-asset, multi-jurisdiction gold producer in the full -year to December 31, with its Yanfolila mine, in Mali, performing strongly and meeting guidance, and the group achieving first gold production at Kouroussa mine, in Guinea, despite facing challenges in the... 

Hummingbird bolstered by strong Mali performance, weathers Guinea challenges
Yanfolila

Pan African concludes 5-year wage agreement at Barberton Mines, ESOP matures

4th June 2024 JSE-listed Pan African Resources has concluded a milestone five-year wage agreement for increases and other conditions of service with the National Union of Mineworkers (NUM), the representative union for Category 4 to 8 bargaining unit employees, at its Barberton Mines operations. The agreed... 

Pan African concludes 5-year wage agreement at Barberton Mines, ESOP matures
Barberton mine

Lotus’ US shares upgraded to OTCQX Best Market

3rd June 2024 Africa-focused uranium company Lotus Resources’ shares have started trading on the US-based OTCQX Best Market, an upgrade from the OTCQB Venture Market. The company’s OTC ticker symbol remains LTSRF. 

Power Metal, ACAM propose uranium-focused JV

3rd June 2024 Aim-listed Power Metal Resources has entered into a legally binding subscription agreement with ACAM for the latter to invest £2-million in Power Metal by way of a loan note with attaching warrants.  It has also entered into an eight-week exclusivity period and a nonbinding term sheet with ACAM... 

Automotive PGM demand growing owing to extended-range EVs, says WPIC

31st May 2024 The continuing growth in automotive platinum demand is being achieved despite rising battery electric vehicle (BEV) market share and a reduction in internal combustion engine (ICE) vehicle production, industry organisation the World Platinum Investment Council (WPIC) points out. It explains that... 

Perseus progressing work streams at Nyanzaga project after buyout

31st May 2024 ASX- and TSX-listed Perseus Mining has completed the acquisition of the Nyanzaga gold project, in Tanzania, through the takeover of OreCorp, chairperson and CEO Jeff Quartermaine informs. The compulsory acquisition process of the remaining OreCorp shares was completed on May 20, and Perseus now... 

Katoro prioritised Tanzania project development in 2023

31st May 2024 Aim-listed Katoro Gold prioritised resource development at its Haneti project, in Tanzania, during the year ended December 31, 2023, owing to it being mindful of funding constraints. Early in the year, Katoro successfully raised £150 000 (gross), which was used for ongoing working capital and to... 

Gemfields earns $35m from May auction of higher-quality emeralds

31st May 2024 Miner and coloured gemstones marketer Gemfields Group earned total revenue of $35-million from an auction of higher-quality rough emeralds held from May 13 to 30. The rough emeralds sold were extracted by Kagem, which is 75%-owned by Gemfields and 25% by the Industrial Development Corporation of... 

Gemfields earns $35m from May auction of higher-quality emeralds
Gemfields earned $35-million from an auction held from May 13 to 30

Nedbank launches R10m Indalo Fund

31st May 2024 Finance institution Nedbank on May 15 announced the launch of the R10-million Indalo Fund at the Indalo Inclusive Symposium at the Council for Scientific and Industrial Research in Pretoria. The Indalo Fund is designed to change the way entrepreneurs are funded, creating a pipeline of viable... 

Nedbank launches R10m Indalo Fund
Nedbank Corporate Social Responsibility executive head Poovi Pillay

Endeavour’s Côte d’Ivoire project ahead of schedule

30th May 2024 London- and Toronto-listed Endeavour Mining announces that wet commissioning activities are now under way at the Lafigué project, in Côte d’Ivoire. The project is on budget, with construction now 94% complete, and the first gold pour is expected to take place in late June, a quarter ahead of... 

Ivanhoe completes Phase 3 concentrator construction at DRC project ahead of schedule

28th May 2024 TSX-listed Ivanhoe Mines announced that, on May 26, first ore was fed into the Phase 3 concentrator at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). First ore marks the completion of construction of the Phase 3 concentrator, which has been achieved months ahead of... 

Ivanhoe completes Phase 3 concentrator construction at DRC project ahead of schedule
Photo by Bloomberg
Ivanhoe founder and executive co-chairperson Robert Friedland

Firebird receives safety permit for Chinese project

28th May 2024 ASX-listed Firebird Metals’ subsidiary Hunan Firebird Battery Technologies has received a safety permit for Stage 1 of a proposed battery-grade manganese sulphate plant in China. The plant will use third-party manganese ore to produce high-purity manganese sulphate. 

Lucapa, partners recover 195 ct diamond from Lulo

28th May 2024 ASX-listed Lucapa Diamond Company and its Lulo alluvial mine partners Endiama and Rosas and Petalas have announced the recovery of a 195 ct Type IIa diamond from the Lulo mine, in Angola. The diamond is the sixth-largest to be recovered from the Lulo alluvial operations since mining started in 2015. 

Lucapa, partners recover 195 ct diamond from Lulo
Lulo mine

TotalEnergies JV, Austrian firm join forces on proposed Tunisian green hydrogen project

28th May 2024 TE H2, a joint venture between TotalEnergies and EREN Groupe, together with Austrian electric company VERBUND, have signed a memorandum of understanding (MoU) with Tunisia to study the implementation of a large green hydrogen project, H2 Notos. The proposed H2 Notos project will produce green... 

TotalEnergies JV, Austrian firm join forces on proposed Tunisian green hydrogen project
Signing the MoU

Speakers highlight focus areas to tackle mine water challenges

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

West Coast diamonds events, excursion a success

22nd May 2024 The West Coast Diamond Event and Excursion, held on May 17 and 18 in Port Nolloth, in the Northern Cape, and hosted by the Geological Society of South Africa’s (GSSA's) Northern Cape branch, has been lauded as a “great success” with positive feedback received from attendees. This is according to... 

West Coast diamonds events, excursion a success
The West Coast Diamond Event and Excursion

Edison increases its valuation of Pan African despite lower production forecast

22nd May 2024 Analyst Edison Investment Research has increased its valuation of South African gold miner Pan African Resources to $0.48 a share, from $0.41 previously. London- and Johannesburg-listed Pan African earlier this month announced that it had revised its 2024 full-year production guidance to between... 

Edison increases its valuation of Pan African despite lower production forecast

Implats concludes a new empowerment transaction at Impala Rustenburg, Impala Bafokeng

20th May 2024 JSE-listed Impala Platinum (Implats) has concluded a series of agreements, facilitating the implementation of a broad-based black economic empowerment (BBBEE) transaction at its Impala Rustenburg and Impala Bafokeng assets. The transaction will result in 13% BBBEE ownership at both Impala... 

Implats concludes a new empowerment transaction at Impala Rustenburg, Impala Bafokeng
Implats has concluded a series of agreements, facilitating the implementation of a B-BBEE transaction at its Impala Rustenburg and Impala Bafokeng assets

Petra weathers lower diamond prices in latest tender

17th May 2024 Independent diamond miner Petra Diamonds’ sixth tender cycle for the 2024 financial year yielded $44-million from the sale of 371 000 ct.   CEO Richard Duffy says like-for-like prices were marginally down through this seasonally quiet period, being 2.6% lower than for Tender 5, with demand... 

Petra weathers lower diamond prices in latest tender
CEO Richard Duffy
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