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The integration of Alamos' Island Gold mine (pictured) and Argonaut's Magino mine will create synergies of $515-million.
The integration of Alamos' Island Gold mine (pictured) and Argonaut's Magino mine will create synergies of $515-million.
Alamos buys rival Argonaut
27th March 2024 By: Mariaan Webb

Canadian miner Alamos Gold has announced its acquisition of smaller rival Argonaut in an all-stock deal valued at $325-million. The move is poised to create a gold miner with a combined long-term production potential exceeding 900 000 oz/y.... 


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PNG orders temporary suspension of K92’s Kainantu underground ops
28th March 2024 By: Creamer Media Reporter

The Mineral Resources Authority (MRA) of Papua New Guinea has instructed a temporary halt to underground operations at the Kainantu gold mine operated by K92 Mining.  This directive follows an... 


Chvaletice manganese gets ESIA nod
28th March 2024 By: Mariaan Webb

The Czech Environment Ministry has approved the environmental and social impact assessment (ESIA) for the Chvaletice manganese project, TSX- and ASX-listed Euro Manganese reported on Wednesday.... 


Peruvian miner Buenaventura adds two board members from Chile's Antofagasta
28th March 2024 By: Reuters

Peru's Buenaventura, one of the country's largest miners of precious metals, on Wednesday said it added two executives from Chile's Antofagasta to its board of directors following a partnership... 


Denison Mines inks sustainable communities investment agreement
28th March 2024 By: Creamer Media Reporter

Uranium developer Denison Mines has announced the signing of a sustainable communities investment agreement with the municipalities of the Northern Village of Beauval, the Northern Village of... 


Hummingbird warns of delay in achieving commercial production at Kouroussa
Updated 7 hours ago By: Sabrina Jardim

Aim-listed Hummingbird Resources has informed shareholders that commercial production at its Kouroussa gold mine, in Guinea, will be delayed beyond the targeted first quarter of this year owing to... 


Bell posts 66% rise in full-year profit
28th March 2024 By: Marleny Arnoldi

JSE-listed heavy machinery manufacturer Bell Equipment has posted a 66% increase in profit for the year ended December 31, 2023, to R793-million. Following unprecedented global demand for equipment... 


An image showing Rainbow Rare Earth's Phalaborwa mine gypsum stacks
Rainbow reiterates potential of South Africa, Brazil projects
28th March 2024 By: Tasneem Bulbulia

Rainbow Rare Earths is bullish about the potential of its Phalaborwa rare earths project in South Africa, as it is expected to be the highest margin rare earth elements (REEs) project in... 


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Kodal enters into agreement to terminate Suay Chin right of first refusal
28th March 2024 By: Sabrina Jardim

Mineral exploration and development company Kodal has entered into an agreement with Kodal Mining UK (KMUK), Hainan Mining and Suay Chin International to terminate the right of first refusal (ROFR)... 


Dr Steve Chingwaru
PhD research uncovers invisible gold resource
28th March 2024 By: Sabrina Jardim

Stellenbosch University PhD graduate Dr Steve Chingwaru has uncovered what is potentially the world’s largest invisible gold resource. The geometallurgist’s findings could help unlock gold to the... 


Pensana hosts investors, govt representatives at its Longonjo mine
28th March 2024 By: Marleny Arnoldi

In preparation for building one of the world’s largest and highest-grade magnet metal rare earth mines later this year, London-listed Pensana has hosted key stakeholders on site at its Longonjo... 


Nigeria to grant mining licences only to companies that process locally
28th March 2024 By: Reuters

Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed on... 


Potash ore
Kore expects EPC finalisation in Q2, following which financing will ensue
28th March 2024 By: Marleny Arnoldi

Congo-Brazzaville-focused miner Kore Potash has advised that the condition for conversion of five convertible loan notes (CLN) totalling $530 000 has been met, and, accordingly, these will now be... 


Ironveld smelter
Ironveld ramp-up slower than expected
28th March 2024 By: Darren Parker

Although high-purity iron, vanadium and titanium producer Ironveld marked the first sales of metal products, including high-purity iron and titanium slag, from its Rustenburg smelter to local... 


MinRes to sell online in transparency push
MinRes to sell online in transparency push
28th March 2024 By: Bloomberg

Australian miner Mineral Resources will use a digital trading platform to sell parcels of spodumene concentrate, a lithium-bearing mineral, in an effort to bring transparency to the market. Joshua... 


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Latest News

dump truck on mine construction site
Kropz records $5.7m loss for 2023 as Elandsfontein ramps up
28th March 2024 By: Darren Parker

As phosphate miner Kropz is still ramping up to steady-state production, the company recorded a $5.7-million gross loss for the 12 months ended December 31, 2023. The company said on March 28 that... 


An image of the Blanket gold mine
Caledonia’s 2023 full-year performance in line with expectations
28th March 2024 By: Tasneem Bulbulia

Gold miner Caledonia Mining notes in its operating and financial results for the year ended December 31, 2023, that its performance was in line with both market expectations and production... 


Lotus appoints debt adviser for Kayelekera restart
28th March 2024 By: Tasneem Bulbulia

ASX-listed Lotus Resources has appointed Orimco to arrange debt for its flagship Kayelekera uranium project, in Malawi, where the company intends to restart operations in late 2025. Lotus says it... 


Sasscal Executive Director Dr Jane Olwoch
More green hydrogen insight on way as Southern African scientists head to Germany
28th March 2024 By: Martin Creamer

Twelve scientists from Southern African Development Community (SADC) countries will head to Germany in May, where they will have an opportunity to obtain more in-depth insight into green hydrogen... 


Jubilee CEO Leon Coetzer
Jubilee, Abu Dhabi company to form JV for Zambia waste rock project
28th March 2024 By: Darren Parker

Abu Dhabi's International Resources Holding (IRH) has exercised its right to proceed with the formation of a joint venture (JV) vehicle with diversified metals processor Jubilee Metals Group for... 


Altona reports several achievements at Mozambique project
28th March 2024 By: Tasneem Bulbulia

London-listed Altona Rare Earths recorded several achievements during the six months ended December 31, 2023, including its first Joint Ore Reserves Committee (Jorc) mineral resource estimate... 


Rio Tinto releases details of taxes, royalties paid in 2023 
Rio Tinto releases details of taxes, royalties paid in 2023 
28th March 2024 By: Creamer Media Reporter

Diversified mining company Rio Tinto has paid $8.5-billion in taxes and royalties globally in 2023, the majority of which was paid in Australia.  The 2023 amount compares with $10.8-billion paid... 


Sector News

Magazine

Magazine round up | 22 March 2024
Magazine round up | 22 March 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

CRITICAL CONTINENT: The US is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia's influence over the market for other minerals, US Deputy Treasury Secretary Wally Adeyemo told Reuters during a recent visit to a platinum mine in Marikana, owned by Sibanye-Stillwater. Adeyemo (right) with Sibanye Stillwater CEO Neal Froneman during his visit to a platinum mine where he said: “Africa is going to play a huge role. A lot of critical minerals are located here.” Photograph: Siphiwe Sibeko for Reuters.
CRITICAL CONTINENT

The US is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia's influence over the market for other minerals, US Deputy Treasury Secretary Wally Adeyemo told... 

Photo of Martin Creamer
Mining potential must be turned into strong mining activity with public-sector help

South Africa’s minerals energy complex, which was once world renowned, needs to be fixed to ensure that this country does not miss another upward mining cycle. First it was the energy side of the... 

Photo of Terence Creamer
Important milestone

The passing of the Electricity Regulation Act (ERA) by the National Assembly earlier this month represents a significant milestone in the ongoing evolution and reform of South Africa’s struggling... 

Business Leader

Tertius Zitzke, CEO of 4Sight Holdings
Tertius Zitzke

This week we profile Tertius Zitzke, CEO of 4Sight Holdings, a diversified technology group whose strategic vision is digital transformation for businesses through seamlessly integrating the... 

WATER WORRIES: Gauteng’s three metropolitan councils are now failing regularly to ensure that their residents and businesses have a constant supply of water. The massive outages in March brought to the fore not only the poor state of the province’s water infrastructure, which is prone to leaks, but also worrying capacity problems at Rand Water, both physical and human – epitomised for many by that notorious “closed valve” that prevented vital water flows for days on end.
WATER WORRIES

Gauteng’s three metropolitan councils are now failing regularly to ensure that their residents and businesses have a constant supply of water. The massive outages in March brought to the fore not... 

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