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Merafe CEO Zanele Matlala and FD Ditabe Chocho.
Merafe CEO Zanele Matlala and FD Ditabe Chocho.
Ferrochrome producer Merafe cites green energy solutions as 2024 opportunity
18th March 2024 By: Martin Creamer

The Glencore-Merafe Chrome Venture is exploring renewable energy projects to mitigate power shortages and power costs, Merafe Resources CEO Zanele Matlala said on Monday, when the Johannesburg Stock Exchange-listed company elevated its dividend... 


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On-The-Air (15/03/2024)
15th March 2024 By: Martin Creamer
Gold, hydrogen, mining boost make headlines
Gold, hydrogen, mining boost make headlines
15th March 2024
Magazine round up | 15 March 2024
Magazine round up | 15 March 2024
15th March 2024

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Uranium
Aura announces A$16m placement, A$2m share purchase plan
18th March 2024 By: Marleny Arnoldi

ASX- and Aim-listed Aura Energy has received firm commitments from investors to raise about A$16.2-million through the issue of 90.2-million ordinary shares. The company will also offer... 


Mining operations at Hummingbird’s Kouroussa mine temporarily suspended
18th March 2024 By: Sabrina Jardim

The principal contract miner at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea has temporarily suspended mining operations as of March 17 as a result of various contractual disputes.... 


Retired Tiffany & Co exec appointed to Diamcor’s board
18th March 2024 By: Tasneem Bulbulia

Recently retired Tiffany & Co executive D. Wayne Howard has joined the board of diamond mining company Diamcor Mining as an independent director. “I am very pleased to announce the addition of Mr.... 


Lulo alluvial resource increases carats by 48%
18th March 2024 By: Sabrina Jardim

After accounting for mining depletion of 30 585 ct during the 2023 calendar year, ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas & Petalas have reported that alluvial... 


US DoE pumps $750m into hydrogen technology projects
Updated 19 minutes ago By: Creamer Media Reporter

The US Department of Energy (DoE) has announced $750-million for 52 projects across 24 states to accelerate breakthroughs in clean hydrogen technology. The funding, announced last week, will help... 


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Richard Adkerson
US must improve copper mine permitting process, Freeport CEO says
Updated 54 minutes ago By: Reuters

The US must improve its mine permitting process if it hopes to boost domestic supplies of critical minerals to power the clean energy transition, the CEO of copper giant Freeport-McMoRan said on... 


Reward confirms unsuccessful bid for Beyondie project
Reward confirms unsuccessful bid for Beyondie project
Updated 1 hour 2 minutes ago By: Creamer Media Reporter

The share price of Reward Minerals plunged 40% on Tuesday as the company confirmed its failed bid for the Beyondie sulphate of potash project, in Western Australia. Reward has been unable to... 


FireFly strengthens board to drive copper growth plans
Updated 1 hour 26 minutes ago By: Creamer Media Reporter

Emerging copper/gold company FireFly Metals is fortifying its leadership team with the appointment of Kevin Tomlinson as nonexecutive chairperson. Tomlinson, who has been serving as a nonexecutive... 


ENRG awarded grant funding for Manitoba exploration
Updated 1 hour 53 minutes ago By: Creamer Media Reporter

ASX-listed ENRG Elements has been awarded a co-funded grant of up to C$180 000 from the Manitoba Mineral Development Fund (MMDF) to assist with the advancement of its lithium projects in Canada.... 


Leadership transition at Poseidon Nickel
Updated 2 hours 3 minutes ago By: Creamer Media Reporter

Having overseen the proposed sale of the Lake Johnston assets and implemented substantial cost-saving initiatives, CEO Craig Jones is departing Poisedon Nickel. “With the divestment of Lake... 


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Sandfire’s early growth and success stemmed from the discovery of the high-grade DeGrussa copper/gold deposit, in Western Australia.
Sandfire announces $200m credit line
Updated 4 hours ago By: Mariaan Webb

Australia-headquartered Sandfire Resources on Tuesday announced a $200-million corporate revolver facility (CRF), with some of the proceeds going towards paying off a facility linked to its Matsa... 


Thiess to acquire PYBAR for A$65m
18th March 2024 By: Mariaan Webb

Mining services company Thiess on Monday announced a transaction with Metarock Group to acquire its Australia-based underground metals business, PYBAR Holdings. PYBAR will join the Thiess Group... 


Boliden to invest $463m at Swedish copper smelter
Boliden to invest $463m at Swedish copper smelter
18th March 2024 By: Reuters

Swedish metals maker Boliden said on Monday it will invest 4.8-billion Swedish crowns ($463.5-million) in a new tank house to boost refining capacity at its Ronnskar copper smelter, which was last... 


Global commodity trading profits topped $100bn for second-best year ever
18th March 2024 By: Bloomberg

The commodity trading industry reaped its second-best year ever in terms of profits, banking over $100-billion and building up a mountain of cash to spend on assets and breaking into new markets.... 


Put sanctions on Russian-origin aluminium not on Rusal, industry group says
18th March 2024 By: Reuters

ndustry group European Aluminium wants the European Union to impose sanctions on aluminium supplied from Russia but not EU-based companies owned by Rusal which produces bauxite and alumina outside... 


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Magazine

Magazine round up | 15 March 2024
Magazine round up | 15 March 2024

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

The International Monetary Fund is urging the Nigerian government to urgently address growing food insecurity, amid surging food-price inflation and a steep hike in interest rates, implemented by the central bank in a bid to stabilise a rapid weakening naira. “With about 8% of Nigerians deemed food insecure, addressing rising food insecurity is the immediate policy priority,” the IMF said in a statement earlier this month. Photograph: Bloomberg
FOOD CRISIS

The International Monetary Fund is urging the Nigerian government to urgently address growing food insecurity, amid surging food-price inflation and a steep hike in interest rates, implemented by... 

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South Africa’s key export markets need to be watched with ceaseless vigilance

Platinum group metal basket prices are dangerously down in part because of eyes being taken off changed situations in key markets. For instance, the rhodium price has suffered badly because the... 

Photo of Terence Creamer
Not so quiet revolution

For several years, the roll-out of rooftop solar, batteries and inverters has been referred to as South Africa’s quite revolution. While Eskom struggled to keep the lights on and government battled... 

Business Leader

Fatima-Joyce Packery, CEO of PF Africa Mining
Fatima-Joyce Packery

This week we profile Fatima-Joyce Packery, CEO of PF Africa Mining, which operates ferrochrome recovery plants 



GAS CLIFF: Warnings of a gas day zero in 2026 are alarming, but not new. There has, however, been very little progress on possible remedies. Disputes over gas pricing have arguably made cooperation difficult, but that is what is desperately needed. All eyes are now on the government-led task team set up to develop a joint strategy and whether that strategy will be sufficient to ensure a so-called seamless transition to non-Sasol gas.
GAS CLIFF

Warnings of a gas day zero in 2026 are alarming, but not new. There has however, been very little progress on possible remedies. Disputes over gas pricing have arguably made cooperation difficult,... 

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