Bikita Minerals Managing Director Xuedong Gong has reiterated that for the country to benefit from critical minerals, it is important to ensure incentives and tax holidays are given to companies promoting beneficiation and value addition of minerals. Business writer In a compelling address at the Chamber of Mines of Zimbabwe Annual General Meeting and Conference 2024 Critical Minerals Symposium held at Elephant Hills Hotel in Victoria Falls on Wednesday, Xuedong Gong, Managing Director of Bikita Minerals, emphasized the necessity for governmental incentives and clear policies to bolster Zimb ..read more

Enami will evaluate the available lithium reserves and the required investment. Credit: Steve Morfi / Shutterstock. Chile’s state-owned minerals company Enami is set to commence construction on its inaugural lithium project as early as 2027, aligning with the government’s strategy to amplify its presence in the global battery metal sector, Reuters reported. Enami is primarily involved in copper processing and is now venturing into lithium production, a critical component for batteries. The company’s chief, Ivan Mlynarz, told the news agency that Enami is at the forefront of the gov ..read more

May 30 2024Reviewed by Lexie Corner Q2 Metals Corp. (“Q2”) is pleased to announce that it has collared the first drill hole of the 2024 inaugural drill program (“Spring 2024 Drill Campaign”) at the Cisco Lithium Property (the “Property” or the “Cisco Property”) located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada. The detailed mapping and sampling campaign remains ongoing at the Property. Figure 1: Active drill rig at the Cisco Lithium Property for inaugural drill program. Image Credit: Q2 Metals Corp The Spring 2024 Drill Camp ..read more

Save to read list Published by Jane Bentham, Editorial Assistant Global Mining Review, Friday, 31 May 2024 11:00 Greenridge Exploration Inc. has announced it has entered into a Property Option Agreement dated 29 May 2024 with ALX Resources Inc. and Pacton Gold Inc. to acquire a 100% interest in the Carpenter Lake Uranium Project located in the Athabasca Basin in Saskatchewan. The Project consists of 7 mineral claims covering 13 387 ha. near the Southern Margin of the Athabasca Basin. Highlights The Carpenter Lake Uranium Project is fully permitted for an extensi ..read more

Breadcrumb Trail Links News Finance Economy Banking Even when the Bank of Canada begins cutting rates it will take months before it helps consumers Get the latest from Barbara Shecter straight to your inbox Sign Up Published May 31, 2024  •  Last updated 1 day ago  •  4 minute read You can save this article by registering for free here. Or sign-in if you have an account. Canadian bank earnings reveal signs that borrowers are feeling the strain as higher interest rates persist. Photo by Tijana Martin /The Canadian Press Article content Borrowers whose mortg ..read more

The operations of AngloGold Ashanti remain conflict-free as of December 31, 2023, the gold miner states in its ‘Conflict-Free Gold Report 2023’ on May 31, emphasising that it extracts gold in a manner that does not fuel conflict. AngloGold follows guidelines of the World Gold Council’s Conflict-Free Gold Standard at all of the operations where it has direct control, including in Brazil, Argentina, Australia, Tanzania, Ghana and Guinea. The miner says it finds no breaches of any international sanctions at its mines and that none of its mines or transport routes are located in “conflict-affect ..read more

Phoevos Pouroulis, CEO, Tharisa THARISA has slowed the development of its $391m Karo Platinum project in Zimbabwe owing to depressed prices for platinum group metals (PGMs). Commenting in the group’s six month results to end-March, CEO Phoevos Pouroulis also said a delay in a tax agreement with the government of Zimbabwe, where the project is located, was weighing on the project’s financing timeline. “A measured decision was taken to slow the project timeline, continuing with smaller work packages, aligned with funding availability,” he said. “The Karo Platinum Project has progressed well de ..read more

US Steel and Nippon Steel are now awaiting the fulfilment of customary closing conditions. Credit: Poetra.RH / Shutterstock. United States Steel Corporation (US Steel) and Nippon Steel have secured all regulatory clearances from jurisdictions outside of the US for their proposed merger. These approvals from the regulatory bodies mark a crucial step towards the completion of the deal, which is anticipated in the second half of 2024. The bodies approving the transaction include the Directorate-General for Competition of the European Commission, the Mexican Federal Economic Competition Commissi ..read more

Boliden Aitik, located in Northern Sweden, is the country’s largest opencast copper mine. Around 45 million t of ore are mined and enriched annually to form metal concentrates that contain copper, gold and silver. Boliden has introduced a Low-Carbon Copper product that generates only 1.5 kg of CO2 per kilogramme of metal, outperforming the global average by more than half and demonstrating a significant advance in efficient metal production. Boliden has participated in demand response since May 2023 with Sympower and Vattenfall, using its primary mill to balance the grid and restore frequ ..read more

Epiroc announced on Wednesday it has agreed to acquire the remaining shares of ASI Mining for an undisclosed price. The Swedish equipment manufacturer currently owns 34% of ASI, which it acquired in 2018. ASI Mining, a subsidiary of Utah-based Autonomous Solutions Inc., is a leading provider of mining automation systems, such as remote control, teleoperation and fully autonomous solutions. Its solutions are OEM agnostic, meaning they work regardless of machine brand and fit well for mixed fleets. The solutions strengthen mine safety and productivity while lowering emissions and total co ..read more