Perseus progressing work streams at Nyanzaga project after buyout
Mining Weekly
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1d ago
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 owns 100% of the shares in OreCorp ..read more
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ESG intrinsic to long-term mining success, Gold Fields AGM hears
Mining Weekly
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1d ago
Managing environmental, social, and governance (ESG) aspects is intrinsic to the long-term success of mining, Gold Fields chairperson Yunus Suleman highlighted at this week’s annual general meeting (AGM) of the Johannesburg- and New York-listed gold mining company. “We have a critical role to play in addressing some of these key challenges facing society at large. The commitment to reducing our carbon emissions by investing in renewables projects is a case in point ..read more
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Mintek titanium production technology set to improve efficiencies
Mining Weekly
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1d ago
National mineral research organisation Mintek’s innovative Impril process technology has achieved crucial efficiencies in titanium production, the organisation reports. Titanium oxide (TiO2) is a key ingredient in creating white pigments. Its versatility makes it an essential compound in many industries, from paints and plastics to cosmetics, paper and textiles ..read more
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Marula signs offtake agreement with Fujax for Larisoro manganese
Mining Weekly
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1d ago
AQSE-listed Marula Mining has signed a sales and offtake agreement with UK-based commodities trading group Fujax for manganese ore production from the Larisoro manganese mine in Samburu, Kenya. The agreement is for an initial 2 000 t of manganese ore, which is to be delivered by no later than July 1 ..read more
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Katoro prioritised Tanzania project development in 2023
Mining Weekly
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1d ago
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 conclude the project assessment process ..read more
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Unpacking the conditions for meeting burgeoning copper demand
Mining Weekly
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2d ago
With copper demand expected to increase from 28.3-million tonnes in 2020 to 41-million tonnes by 2040 at a compound yearly growth rate of 1.85%, and many regions gearing up supply chains for critical metals, JSE- and ASX-listed Orion Minerals CEO and MD Errol Smart says it will be the responsible mining companies that will rise to the demand challenge and be competitive in the market. Copper mining sites globally have “less than satisfactory” environmental and social management practices, but funders and offtakers are increasingly supporting mining companies with solid environmental, social an ..read more
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Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says
Mining Weekly
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2d ago
Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, CEO Duncan Wanblad said on Thursday. The Anglo CEO faces pressure from investors to boost the company's value by improving operational efficiencies and speeding up the sale of assets after rejecting three takeover proposals from the world No. 1 miner, which on Wednesday said it had no choice but to walk out ..read more
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Tsolido signs agreement with Red Cloud for liquidity services
Mining Weekly
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2d ago
TSX-V-listed Tsodilo Resources has retained Toronto-based financial services company Red Cloud Securities to provide liquidity services to the company. Red Cloud helps mineral exploration and mining companies to access capital markets and enhance their corporate profile. Red Cloud will trade Tsodilo shares on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of Tsodilo’s common shares ..read more
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Commission approves Southern Point Resources’ Mokopane takeover from Bushveld
Mining Weekly
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2d ago
The Competition Commission has approved the acquisition by Southern Point Resources (SPR) Fund I of Mokopane, the holding company for a mining right in South Africa’s Limpopo province. SPR Fund I was established as an investment fund by the SPR group for mining projects in Southern Africa, particularly green metals and transition metals ..read more
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How a rattled South Africa became Anglo's best defence against BHP bid
Mining Weekly
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2d ago
Days after miner BHP launched its takeover bid for rival Anglo American in April, the CEOs of both headed for South Africa, where a condition to divest Anglo's local platinum and iron ore assets was causing a political storm. More than 20% of Anglo shares are held by South African investors, and the London-listed group's presence is deemed of national value in the country, where it was founded in 1917 and employs more than 40 000 people ..read more
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