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Popular This Week

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

Copper output at Chile's Codelco set to rise this year, CESCO says

By: Reuters     15th April 2024 Chile's state-run copper miner Codelco is poised to improve production this year and begin to climb from its lowest dip in a quarter century, the head of Chilean copper studies center CESCO said ahead of a major industry conference that starts Monday. Codelco is aiming to produce between... 

Hot Chili prepares to create new water company

By: Creamer Media Reporter      15th April 2024 ASX- and TSX-V-listed Hot Chili has submitted a second maritime concession application to facilitate a potential multi-user water network for the Huasco Valley area of the southern Atacama region of Chile. The concession application also includes brine discharge for potential seawater... 

Piedmont receives mining permit for Carolina lithium project

By: Mariaan Webb     15th April 2024 US-based Piedmont Lithium has received a mining permit to build and operate its fully integrated Carolina project, which is being designed to produce 30 000 t/y of lithium hydroxide. The North Carolina Department of Environmental Quality’s Division of Energy, Mineral and Land Resources approved... 

Piedmont receives mining permit for Carolina lithium project

Macro foregoes US lithium rights as focus shifts to WA iron-ore

By: Creamer Media Reporter      15th April 2024 ASX-listed Macro Metals has opted to forego the acquisition rights in the Aurora lithium project, in south-east Oregon, in the US, and will instead focus on the expedited exploration and development of its Western Australia iron-ore portfolio. The board in early March announced a comprehensive... 

Kin and PNX announce merger

By: Creamer Media Reporter      15th April 2024 Junior mining companies Kin Mining and PNX Metals on Monday announced their merger, creating a group with a combined mineral resource of 1.4-million ounces of gold, 16.2-million ounces of silver and 177 000 t of zinc. PNX shareholders will receive one fully paid ordinary share in KIN for every 13... 

Jupiter lists achievements, goals in inaugural sustainability report

By: Marleny Arnoldi     15th April 2024 ASX-listed Jupiter Mines lists in its inaugural sustainability report, published on April 15, key areas for emission reduction such as optimising fuel use, exploring regenerative braking systems in its truck fleet and implementing other energy-saving solutions. While this is Jupiter’s first... 

Manganese nodules

Experts proffer suggestions for South Africa's green hydrogen projects to secure financing

By: Tasneem Bulbulia     15th April 2024 There is sufficient funding available for South Africa to progress its green hydrogen objectives, however, certain elements need to be addressed for this to materialise. This was outlined by speakers during the ‘Investment opportunities in green hydrogen’ session, during the 2024 Hydrogen Economy... 

Bankan has potential to be a future tier-one mine, PFS shows

By: Creamer Media Reporter      15th April 2024 A prefeasibility study (PFS) on ASX-listed Predictive Discovery's Bankan project, in Guinea, has confirmed that the project is one of the largest discoveries in West Africa and potentially also a future tier-one mine, MD Andrew Pardey says. The project is expected to produce about 269 000 oz/y of... 

A Predictive Discovery employee working at the Bankan gold mine in Guinea

PGM market development has paid dividends, could pay many more, Platinum Day told 

By: Martin Creamer     15th April 2024 The market development aspect of the platinum group metals (PGM) industry is fundamentally key, it was repeatedly stated at last week’s 2024 Resources for Africa Platinum Day. There is strong consensus that PGMs are amazing metals that are incredibly useful as future green metals across a broad... 

Strong consensus that markets need to be developed for platinum group metals.
Strong consensus that markets need to be developed for platinum group metals.

Chile probes for lithium exploration interest, aims for five projects

By: Reuters     15th April 2024 Chile has started accepting statements of interest for lithium exploration and aims to develop up to five new projects in the country, the government announced on Monday. Chile is the world's second-largest lithium producer but growth has been stalled as the government debated how to expand the... 

Association unpacks likely copper demand trends driving growth up to 2040

By: Marleny Arnoldi     15th April 2024 Research commissioned by the International Copper Association (ICA) has found that copper’s future market share will be defined by regional trends and the green energy transition. The research, which was undertaken by CRU Group, deems it likely that copper demand will grow from 28.3-million... 

Copper

Bridge disaster in Baltimore gets FBI criminal investigation

By: Bloomberg     15th April 2024 The FBI has opened a criminal investigation into what occurred on the cargo ship that crashed into Baltimore’s Francis Scott Key Bridge and caused it to collapse, according to a person familiar with the investigation. FBI agents boarded the Singapore-flagged container ship early Monday, the... 

Codelco aims to land partner for Maricunga lithium by next year

By: Reuters     16th April 2024 Chile's State-run miner Codelco plans to select a partner for a future lithium project in one of the country's top salt flats, Maricunga, in the first quarter next year, Chairman Maximo Pacheco said on Monday. Codelco, Chile's top copper producer, is entering the lithium business under the... 

Codelco aims to land partner for Maricunga lithium by next year

Indigenous communities suspend dialogue with SQM, Codelco over lithium

By: Reuters     16th April 2024 The four largest indigenous communities in Chile's Atacama salt flat suspended dialogue with state-run copper giant Codelco and lithium miner SQM over expanding lithium mining in the flat, the groups said in a statement on Monday. Codelco and SQM agreed to start talks with a council of... 

OceanaGold’s Philippine unit prepares for IPO

By: Creamer Media Reporter      15th April 2024 Vancouver-based OceanaGold has obtained regulatory approvals for an initial public offering (IPO), which will involve 20% of the outstanding shares of its Philippines subsidiary. The Phillippine arm, OceanaGold Philippines (OGPI), holds the company’s interest in the Didipo mine. Under a renewed... 

The Didipio mine
The Didipio mine

Vale surpasses 100% renewable energy target in Brazil two years ahead of schedule

By: Mariaan Webb     16th April 2024 Mining giant Vale has exceeded its target of reaching 100% renewable energy consumption in its Brazilian operations, accomplishing this milestone two years ahead of schedule. The announcement, highlighted in Vale’s recently released 2023 integrated report, revealed that all electricity used in... 

Vale surpasses 100% renewable energy target in Brazil two years ahead of schedule

Patriot makes board changes as MD resigns

By: Creamer Media Reporter      16th April 2024 North American lithium company Patriot has announced the resignation of Nicholas Vickery as MD, with effect from Tuesday. Vickery is leaving the ASX-listed company a year into the job to take up a position at a major lithium group. “Despite the recent difficulties in the lithium industry, the... 

Former Xstrata Copper exec joins Sunstone board

By: Creamer Media Reporter      16th April 2024 ASX-listed Sunstone Metals has announced the appointment of former Xstrata Copper executive Neal O’Connor as nonexecutive director. The appointment follows the recent appointment of Patrick Duffy as MD and existing MD Malcolm Norris’ move to the role of executive director of exploration. 

Gold seen hitting $3 000 at Citi as investor inflows juice rally

By: Bloomberg     16th April 2024 Gold is set to reach $3 000 an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup said, adding to a roll call of Wall Street banks that have raised forecasts. Analysts led by Aakash Doshi... 

Gold seen hitting $3 000 at Citi as investor inflows juice rally

New World raises cash for Arizona copper project

By: Mariaan Webb     16th April 2024 Australia-listed New World Resources has received firm commitments to raise about A$20.4-million to advance its Antler copper project, in Arizona, US, towards development and production. The placement was completed at A$0.36 a share, an 18.2% discount to the company’s last closing price on the... 

New World raises cash for Arizona copper project

Brazil rare earths project shares key similarities with Phalaborwa – Rainbow

By: Darren Parker     16th April 2024 Rare earths miner Rainbow Rare Earths has revealed that the results of mineralogy and hydrometallurgical testwork recently carried out on phosphogypsum material from the Mosaic Company’s Uberaba site, in Brazil, indicates similar characteristics to Rainbow’s Phalaborwa project, in South Africa.... 

Rainbow CEO George Bennett
Rainbow CEO George Bennett

Global mining investment too low to support energy transition, Rio Tinto chairman says

By: Reuters     16th April 2024 Low rates of investment in the global mining sector have put the global energy transition at risk, widening the supply gap in critical minerals like copper, Rio Tinto chairman Dominic Barton said on Monday. "The gap is humungous, and I am actually very worried about whether we will be able to... 

Rio Tinto chairperson Dominic Barton
Rio Tinto chairperson Dominic Barton

Marula awarded trading licence for manganese mined in Kenya

By: Marleny Arnoldi     16th April 2024 Battery metals miner Marula Mining’s Kenyan representative company has been awarded a mineral dealer’s trading licence, granting it the right to buy, sell and export manganese ores. Marula considers the granting of the licence as an important step in the investment of the Larisoro manganese... 

Manganese conveyor

Odds-on entry of palladium, platinum into EVs highlighted by research update 

By: Martin Creamer     16th April 2024 New York- and Toronto-listed Platinum Group Metals, which is emerging in South Africa’s Waterberg, on Tuesday provided an update on its new light battery technology that points to increasing potential of palladium and platinum playing a key energy density and weight-lowering role in cumbersome... 

Platinum Group Metals CEO Frank Hallam
Platinum Group Metals CEO Frank Hallam

Aura, Curzon agree to restructure Tiris offtake agreement

By: Tasneem Bulbulia     16th April 2024 Aim- and ASX-listed Aura Energy and uranium trader and investor Curzon Uranium have agreed to restructure their uranium offtake agreement, materially increasing the price receivable for planned uranium production and releasing significant value for Aura’s Tiris uranium project, in Mauritania. The... 

An image showing uranium at the Tiris project in Mauritania
Uranium at the Tiris project

Leadership change at CME: Rio Tinto exec appointed new president

By: Creamer Media Reporter      16th April 2024 The Chamber of Minerals and Energy of Western Australia (CME) has announced the appointment of Simon Trott as its new president. Trott, currently serving as the CE of Rio Tinto Iron Ore in Western Australia, steps into the role succeeding Brandon Craig, who stepped down to take on the role of... 

South Africa’s ranking in World Energy Trilemma Index falls 

By: Terence Creamer     16th April 2024 South Africa has fallen to sixty-ninth from sixty-fourth on the World Energy Council’s (WEC’s) latest World Energy Trilemma Index which ranks more than 100 countries against the three key dimensions of energy security, equity, and environmental sustainability. The index is included in the ‘World... 

Power lines over an informal settlement

Australia to establish EPA as part of environmental law reforms

By: Mariaan Webb     16th April 2024 In a move to bolster environmental protection measures, Environment Minister Tanya Plibersek announced on Tuesday the establishment of an Environment Protection Agency (EPA) as part of the Albanese government’s Nature Positive Plan. In tandem with the EPA establishment, the government will also... 

Environment Minister Tanya Plibersek
Environment Minister Tanya Plibersek

Shanta reveals ‘encouraging results’ for West Kenya exploration project

By: Darren Parker     16th April 2024 Aim-listed gold producer Shanta Gold has revealed “encouraging results” in an exploration update for the West Kenya project, in Kenya, for the fourth quarter of last year and the first quarter of this year. “At Ramula, the 2 911 m of assays reported today should allow us to convert inferred... 

Shanta CEO Eric Zurrin
Shanta CEO Eric Zurrin

Drilling confirms proof of concept at African Pioneer, FQM’s Zambia JV

By: Tasneem Bulbulia     16th April 2024 Exploration and development company African Pioneer has provided an update on exploration conducted and funded by First Quantum Minerals (FQM) during the six-month period to December 31 over licences in Zambia, with drilling confirming proof of concept that licences are in the right lithology... 

Barrick reports lower Q1 gold and copper output

By: Creamer Media Reporter      16th April 2024 Canada-headquartered Barrick Gold has announced its preliminary figures for the first quarter of 2024, reporting gold output of 940 000 oz and copper output of 40 000 t. Gold production fell by 12% quarter-on-quarter, which Barrick attributed to planned maintenance activities at its Nevada Gold... 

The Pueblo Viejo plant
The Pueblo Viejo plant

How a $10bn mine became a cautionary tale for the energy transition

By: Bloomberg     16th April 2024 When the group of mining executives arrived at Panama’s regal Palacio de las Garzas, they were ushered past the ornate, wood-paneled ceremonial rooms and straight to the private office of the President. This was December 2016, before the upswell of anti-mining protests that would throw the... 

Philip Pascall was a savvy and charismatic leader
Philip Pascall was a savvy and charismatic leader

German coal mines emit much more methane than reported, study says

By: Bloomberg     16th April 2024 German coal mines spew 184 times more methane than what the country reports to the United Nations, according to a new analysis by Ember. The energy think tank used methodology developed by scientists that takes into account the gas content of coal and mining depths to estimate the emissions,... 

German coal mines emit much more methane than reported, study says

Native American group seeks to overturn US court ruling on Rio's Arizona copper mine

By: Reuters     16th April 2024 A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted land to Rio Tinto for a copper mine in Arizona, saying the land was sacred and culturally significant. A ruling from a smaller group of the San Francisco-based 9th US Circuit... 

Native American group seeks to overturn US court ruling on Rio's Arizona copper mine

Exceptional blue Cullinan diamond lifts latest Petra tender prices by 22% 

By: Martin Creamer     16th April 2024 The sale by Southern African diamond mining company Petra Diamonds of an exceptional blue diamond in its fifth tender cycle lifted the average prices per carat received 22% higher than those of the prior Tender 4 sale. The London Stock Exchange-listed company, headed by CEO Richard Duffy,... 

Petra Diamonds CEO Richard Duffy
Photo by Creamer Media
Petra Diamonds CEO Richard Duffy

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