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Potash News

Kalium Lake’s sale to complete by mid-March

By: Mariaan Webb     20th February 2024 Defunct potash company Kalium Lakes said on Tuesday that its receivers expect the sale transaction with Reward Minerals to conclude by the middle of next month. In a statement to the ASX, Kalium stated that receivers Rob Brauer, Jason Preston and Rob Kirman were working with Reward to amend the... 

Worst of inflationary wave over, says BHP CEO

By: Mariaan Webb     20th February 2024 Diversified mining group BHP CEO Mike Henry has expressed confidence in a more favourable economic outlook for 2024, declaring that the worst of the global inflationary wave is over. BHP, which on Tuesday reported flat first-half underlying profit of $6.6-billion, is witnessing a shift towards a... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Reward’s capital raise to buy Beyondie falls through

By: Mariaan Webb     19th February 2024 ASX-listed Reward Minerals has withdrawn a A$22.8-million rights issue, announced last month, to fund the acquisition of the Beyondie potash of sulphate (SOP) project, in Western Australia. The company said late on Friday that its board had resolved to withdraw the entitlement offer. 

The Beyondie mine in Western Australia
The Beyondie mine in Western Australia

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

2024 defining year for world’s first woman-owned phosphate mine, looking at IPO   

By: Martin Creamer     12th February 2024 Adelaide Ruiters has been slogging away for ten years to get the world’s first woman-owned phosphate mine up and running. Now, 2024 looks like the year she'll likely do it. Ribbon-cutting for Adelaide Ruiters Mining and Exploration (ARME) is now expected around June, July ­– and being considered,... 

ARME founder and CEO Adelaide Ruiters.
AMRE CEO Adelaide Ruiters interviewed by Mining Weekly’s Martin Creamer. Video: Shadwyn Dickinson. Video Editing: Nicholas Boyd.

Anglo American, Finnish Minerals sign battery value chain agreement 

By: Schalk Burger     12th February 2024 Mining multinational Anglo American and Finnish State-owned mining company Finnish Minerals Group have signed a memorandum of understanding (MoU) to explore opportunities to further support the northern European country's battery strategy. As a Finnish state-owned company with a mandate to foster... 

Anglo American projects and development director Alison Atkinson.
Anglo American projects and development director Alison Atkinson.

Kore’s JSE share price rises on confirmation of receipt of EPC proposal, draft contract

By: Tasneem Bulbulia     9th February 2024 Triple-listed Kore Potash’s share price on the JSE surged by more than 30% on February 9 after it confirmed that PowerChina International Group had, on February 6, delivered its engineering, procurement and construction (EPC) proposal and draft EPC contract for Kore’s 97%-owned Kola project, in... 

Mining industry sustainability hinges on energy, logistics reforms, Minerals Council stresses

By: Schalk Burger     9th February 2024 The sustainability of the South African mining industry and its ability to play a meaningful and positive role in society and the economy are dependent on urgent and extensive structural reforms in the energy and logistics sectors, mining industry organisation the Minerals Council South Africa... 

Minerals Council CEO Mzila Mthenjane
Minerals Council CEO Mzila Mthenjane

NioBay strengthens ‘green’ portfolio

By: Creamer Media Reporter      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... 

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

Rail setback for Ardmore phosphate mine

By: Creamer Media Reporter      5th February 2024 ASX-listed Centrex is investigating road transport alternatives for phosphates concentrate from its Ardmore mine, after a portion of the Mount Isa-Townsville rail network has been damaged in the recent heavy rainfall and flooding associated with the ex-Tropical Cyclone Kirrily. 

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Australian Potash exits administration

By: Creamer Media Reporter      2nd February 2024 Australian Potash, which owns the Lake Wells sulphate of potash development in Western Australia, has exited administration, with its directors fully back in control of the company. “We successfully and quickly negotiated our way through the voluntary administration process, which now allows us... 

Australian Potash exits administration

New potash processing method set to improve environmental, economic returns – Emmerson

By: Darren Parker     1st February 2024 Aim-listed potash development company Emmerson has said the results of an in-depth scoping study on a new and innovative processing route at its wholly-owned Khemisset potash project, in Morocco, will significantly reduce its environmental impact and enhance its economic returns. The scoping... 

BCI launches A$315m equity raising

By: Mariaan Webb     1st February 2024 Australia-based resources company BCI Minerals on Thursday announced a A$315-million fully underwritten equity raising to complete the total funding package required to enable the Mardie project, in Western Australia, to deliver first salt in the second half of 2026. The raising will comprise an... 

BCI launches A$315m equity raising

Coal miner Ndalamo pursuing renewable energy, other minerals

By: Martin Creamer     31st January 2024 Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo states this in an Op-Ed in relation to the overarching theme of next week's 2024 Investing in... 

Ndalamo CEO Shammy Luvhengo.
Ndalamo CEO Shammy Luvhengo.

Danakali warns about 'vulture' share purchase offers

By: Creamer Media Reporter      19th January 2024 ASX-listed Danakali has warned shareholders to be cautious about accepting offmarket offers for their shares, nothing that it has become aware of predatory activity by parties offering shareholders less than 10% of the value of their shares. Danakali has received reports of offers as low at 1c a... 

Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister 

By: Martin Creamer     18th January 2024 The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview with Radio 702 host Clement Manyathela on Thursday. Mantashe disclosed to Manyathela that agreement had... 

Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Gwede Mantashe

Kore nears finalisation of EPC contract, financing proposal for Kola project

By: Marleny Arnoldi     18th January 2024 Aim- and JSE-listed Kore Potash has advised that the consortium it is in talks with to provide financing for the Kola project, in Congo-Brazzaville, will soon provide a financing proposal, while an engineering, procurement and construction (EPC) contract also nears finalisation. The company... 

Danakali explores new liquidity options; pursues a new project

By: Sabrina Jardim     18th January 2024 The board of directors of ASX-listed Danakali is exploring a range of new liquidity options for shareholders following the $154.7-million distribution from the sale of the Colluli potash project, in Eritrea. These include an off-market share buyback and further distribution of the company’s cash... 

An image depicting Seamus Cornelius
SEAMUS CORNELIUS Danakali executive chairperson Seamus Cornelius says that, while the company will continue to explore the best way to accelerate relisting, it will also actively explore other liquidity options

BHP’s solid first half dimmed by metallurgical coal stumble

By: Mariaan Webb     18th January 2024 Diversified mining group BHP has had a “solid” operational first half, CEO Mike Henry said on Thursday, reporting higher six-month copper and energy coal production, but lower iron-ore and metallurgical coal output. The major boosted its interim copper production by 7%, reflecting a record half... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Global mining commits to nature-positive future 

By: Martin Creamer     18th January 2024 Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems and natural processes. International Council of Metals and Minerals (ICMM) members have pledged... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

Kropz makes last drawdown from recent loan

By: Marleny Arnoldi     17th January 2024 Aim-listed Kropz has made the final drawdown of R52-million related to a bridge loan facility it secured with its major shareholder, African Rainbow Capital Fund, in December. The full R115-million loan was meant to meet the immediate cash requirements of the Elandsfontein phosphate mine, in... 

South Africa-linked mining luminaries advising on metals industry greening 

By: Martin Creamer     17th January 2024 South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive smelters, toxic chemicals and strong acids. 

Ian Cockerill, Mark Cutifani and Tony O'Neill
Photo by Creamer Media
Ian Cockerill, Mark Cutifani and Tony O'Neill

Smart wristwatches to uplift mineworker well-being at Copper 360  

By: Martin Creamer     16th January 2024 Computer programmes that use artificial intelligence (AI) to model orebodies and plan mines optimally have already been introduced by Copper 360, says the JSE AltX-listed Northern Cape copper mining company, which is developing the Rietberg copper mine, the first of a dozen copper mining assets... 

Copper 360 CEO Jan Nelson
Copper 360 CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

JSE presents opportunity for critical mineral miners to access capital  

By: Martin Creamer     12th January 2024 Critical mineral demand is growing significantly at a time when South Africa has a pressing need to reawaken its public markets – two crucial needs that can be fulfilled in one go by companies raising capital on the Johannesburg Stock Exchange (JSE) to fund their entry into the critical minerals... 

JSE business development manager Patrycja Kula-Verster
JSE Business Development Manager Patrycja Kula-Verster interviewed by Engineering News & Mining Weekly.

Reward announces capital raise to advance Beyondie SoP project

By: Marleny Arnoldi     10th January 2024 After gaining shareholder approval for the acquisition of the Beyondie sulphate of potash (SOP) project, in Western Australia, ASX-listed Reward Minerals is seeking to raise about A$22.8-million through an entitlement shares offer. The capital raise will allow for completion for the Beyondie... 

Reward announces capital raise to advance Beyondie SoP project

Emmerson still awaiting Ministerial environmental approval for Morocco project

By: Tasneem Bulbulia     8th January 2024 London-listed Emmerson is still awaiting the session of the Commission Ministérielle de Pilotage (Ministerial Committee) to obtain environmental approval for the Khemisset potash project that it is developing in Morocco, the company outlines in an update on activities during the fourth quarter of... 

Mining urged to embrace international council’s new Scope 3 emissions guidance 

By: Martin Creamer     13th December 2023 All mining and metals companies are being urged to embrace new guidance on reducing Scope 3 emissions, which was published by the International Council for Mining and Metals (ICMM) on Wednesday. The guidance is a tool to assist mining companies in their engagement with the financial sector,... 

ICMM CEO Rohitesh Dhawan.
ICMM CEO Rohitesh Dhawan.

Kore appoints new CFO

By: Creamer Media Reporter      11th December 2023 Potash development company Kore Potash has appointed Andrey Maruta CFO, with effect from December 11. This follows the resignation of Amanda Farris as acting CFO. 

Another WA potash hopeful folds

By: Mariaan Webb     8th December 2023 Australian Potash, which owns Lake Wells sulphate of potash (LSOP) development in Western Australia, has succumbed to financial challenges, leading to the company being placed in the hands of administrators. This development marks the third collapse of a third Western Australia-based potash... 

Another WA potash hopeful folds

Anglo American preps sweeping cost cuts as price rout bites – sources

By: Reuters     7th December 2023 Anglo American is preparing to freeze spending on growth and widen job cuts in South Africa, going far beyond its initial savings target and paving the way to mothballing some higher-cost platinum mines, sources familiar with the matter said. Anglo's sweeping spending cuts could be announced as... 

The Mogalakwena PGMs mine
Photo by Creamer Media's Marleny Arnoldi
The Mogalakwena PGMs mine

Greenfield investment lagging badly, mining’s contribution to economy halved 

By: Martin Creamer     1st December 2023 The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last two decades, Minerals Council South Africa’s latest Facts and Figures 2022 points out. Net fixed... 

Mining's net fixed capital formation, shown in blue, must be boosted.
Mining's net fixed capital formation, shown in blue, must be boosted.

India launches first part of critical minerals auction worth $5.4bn

By: Reuters     30th November 2023 India on Wednesday launched the first part of its critical minerals auction worth an estimated 450-billion rupees ($5.40-billion), the country's mines minister said. Mines Minister Pralhad Joshi said the auctions would be held in eight states, including Bihar, Chhattisgarh, Odisha, Tamil Nadu,... 

New Utshalo has potential to boost mining IPOs, enliven public markets 

By: Martin Creamer     24th November 2023 South Africa has a pressing need to reawaken its public markets and the new Utshalo must be complimented for setting out to do just that. New mining capital raisings have become too few and far between, liquidity is drying up, and the delisting trend on the Johannesburg Stock Exchange (JSE) must... 

Former Nedbank investment banker Paul Miller.
Former Nedbank investment banker Paul Miller.

African Rainbow Minerals provides R20-million for Wits University research 

By: Martin Creamer     23rd November 2023 Diversified mining company African Rainbow Minerals (ARM) is supporting postdoctoral research into water, energy and digitalisation at the University of the Witwatersrand (Wits) in Johannesburg. The investment is firmly located within the university’s mining precinct and dovetails with the... 

ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.
ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.

Imperative that exploration plan be implemented as matter of urgency – Khoza

By: Martin Creamer     17th November 2023 If South Africa is not to be left out of the exploration boom, spurred by the immense mineral resources required to develop technologies needed to achieve net zero, it is imperative that the recommendations of South Africa’s Exploration Implementation Plan be implemented in full as a matter of... 

Integrated Geoscience Solutions Technical Director Dr David Khoza.
Integrated Geoscience Solutions Technical Director Dr David Khoza.

Reward eyes Kalium Lakes potash assets

By: Mariaan Webb     16th November 2023 ASX-listed potash explorer and developer Reward Minerals has put up its hand to acquire Kalium Lakes, the owner of the Beyondie sulphate of potash (SoP) project, in Western Australia. The receivers of Kalium Lakes said in a statement on Thursday that they have entered into an exclusivity period... 

Reward eyes Kalium Lakes potash assets
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