Gold posts marginal gain in 2022, up 3% in December – WGC

A 3% gain in December, owing to a weaker dollar, took the value of gold to $1 814/oz, resulting in a year-on-year gain of 0.4% – something the World Gold Council (WGC) says looked unlikely to many... 

Africa can produce 50Mt/y of green hydrogen at less than €2/kg by 2035, report shows

If Africa is able to exploit its solar potential and produce 50-million tonnes of green hydrogen a year by 2035, the continent will be able to create jobs, decarbonise heavy industry, enhance... 

Jupiter overcomes third-quarter challenges that dented production, sales

Several issues, including contractor drill rigs and a strike by employees of South African rail and ports operator Transnet, negatively impacted on the production of ASX-listed Jupiter Mines’... 

Ironveld’s ferrochrome furnace acquisition purchase agreements agreed, signed

Iron, vanadium and titanium miner Ironveld reports that its purchase of Rustenburg-based Ferrochrome Furnaces is progressing, with all material underlying agreements required under a debt purchase... 

Sigma starts Greentech plant commissioning on time, within budget

Sigma Lithium has started commissioning the first module of the Phase 1 production plant – the Greentech Plant – at its 100%-owned Grota do Cirilo project, in Minas Gerais State, Brazil, on... 

loneer a step closer to Rhyolite Ridge construction

Emerging lithium-boron supplier Ioneer reports that its Rhyolite Ridge lithium-boron project in Esmeralda County, Nevada, has advanced into the final stage of federal permitting with the decision... 

PIC lifts stake in Afrimat to 15.48%

The Public Investment Corporation (PIC) has increased its shareholding in JSE-listed industrial minerals, bulk commodities and construction materials miner Afrimat to 15.48%. The Afrimat group... 

Kazera inks deal to sell African Tantalum to Hebei Xinjian

Aim-listed investment company Kazera Global has signed a definitive agreement to sell its 100% interest in African Tantalum (Aftan) to Hebei Xinjian Construction (Xinjian) for $13-million. The sale... 

Global commodities market volatility to ease in 2023 after disruptive 2022 – ERG

As a result of short-term price drivers, such as the ongoing Covid-19 lockdowns in China, monetary policy in the US and the fallout from the energy crisis caused by Russia’s invasion of Ukraine,... 

Ur-Energy expands triuranium octoxide delivery to 600 000 lb/y

Uranium miner Ur-Energy has expanded the quantity of product to be delivered under a sales agreement concluded in August to 600 000 lb/y of triuranium octoxide, plus or minus a small optional flex,... 

High flow, record grade lithium found during Tolillar exploration – Alpha Lithium

Lithium developer Alpha Lithium reports it has found record-grade lithium concentrations and significant flowrates from the latest production well – WBALT15, which was recently drilled within the... 

Tirupati says will not take on external debt as a result of Suni Resources deal

Specialist graphite and graphene company Tirupati Graphite has clarified that it will not be taking on any external debt with its A$12.5-million acquisition from Battery Minerals (BM) of 100% of... 

Manono tailings amenable to low-cost, simple mining – Tantalex

Canadian junior explorer Tantalex Lithium Resources has declared a maiden mineral resource estimate of 5.46-million tonnes of lithium oxide at a grade of 0.72% in the measured and indicated... 

Metso Outotec to provide soda pressure leaching technology for Keliber refinery

Diversified metals miner Sibanye-Stillwater’s lithium mining subsidiary Keliber has partnered with technologies, services and solutions company Metso Outotec to provide its sustainable soda... 

Kropz CEO, COO agree to stay on until successors appointed

Emerging African phosphate producer and developer Kropz reports that outgoing CEO Mark Summers and COO Michelle Lawrence have agreed to remain in their positions until the company concludes a... 

Metallurgical tests point to reduced energy costs for Hallcreek rare earths project

ASX-listed explorer American Rare Earths reports that the results of recent metallurgical tests on its Halleck Creek rare earths project, in Albany County, Wyoming, in the US, indicate the... 

Ero Copper doubles credit facility to $150m

TSX- and NYSE-listed copper producer Ero Copper has amended its existing senior secured revolving credit facility from $75-million to $150-million and extended the maturity thereof from March 2025... 

Harmony finalises Eva Copper acquisition

JSE-listed gold miner Harmony Gold reports that its acquisition of the Eva Copper project from Copper Mountain Mining Corporation, has been finalised, with the R3-billion ($170-million) payment due... 

Partnership formed to use Boliden’s low-carbon copper in ABB’s electric motors

Engineering company ABB is partnering with Swedish mining and smelting company Boliden to use low-carbon copper in the production of its electromagnetic stirring (EMS) equipment and high-efficiency... 

Johannesburg-based high-purity manganese sulphate demo plant progressing – Giyani

Manganese project developer Giyani Metals Corporation reports that the construction of its demonstration plant in the north-west of Johannesburg, in South Africa, is progressing, with engineering... 

LBMA launches second version of Global Precious Metal Code

The London Bullion Market Association (LBMA) has launched the second version of its Global Precious Metal Code, which sets out the minimum standards and best practice expected from market... 

Diversification of critical minerals supply chain key to sustainability of energy transition – Pensana

The UK needs to establish independent, sustainable and resilient supply chains to diversify its sourcing of critical minerals and reduce dependence on such minerals being sourced from China, said... 

Caracal’s Kilimapesa secures $3m financing

East Africa-focused gold producer Caracal Gold’s 100%-owned Kenyan operating subsidiary Kilimapesa Gold has secured non-dilutive financing of $3-million through a prepaid gold purchase agreement... 

Oriole defines maiden Bakassi Zone 1 resource estimate of 305 000 oz at 2.19 g/t

West Africa-focussed gold explorer Oriole Resources reports that its Cameroon-based 90%-owned Bibemi orogenic gold project’s Bakassi Zone 1 has been delineated with a maiden Joint Ore Reserves... 

Initial drilling at Ziatoyah provides Hamak Gold with encouraging results

Liberia-focused gold explorer Hamak Gold reports “encouraging” results from its maiden three-hole diamond drilling programme at the Ziatoyah prospect at the company’s 100%-held Nimba permit, in... 

Walkabout’s Lindi Jumbo project passes independent environmental audit

Walkabout Resources’ Tanzania-based Lindi Jumbo graphite mine has passed an independent environmental audit by a registered environmental firm NAK – the first to take place since the commencement... 

AfriTin buoyed by exploration of Namibia licence ML133

Tin miner AfriTin Mining is progressing with exploration of mining licence ML133, located about 35 km south-east of the company’s Uis mine in Namibia, having found thus far 13 m of mineralisation... 

Solar-supported South Deep consolidates future-mine strategy

South Deep, Gold Fields’ Westonaria-based flagship gold mine, is entering the final stage of a four-part strategic journey it embarked on in 2017 to stabilise the operation, improve sustainability... 

Solar-supported South Deep consolidates future-mine strategy

South Deep, Gold Fields’ Westonaria-based flagship gold mine, is entering the final stage of a four-part strategic journey it embarked on in 2017 to stabilise the operation, improve sustainability... 

TFR to increase emerging manganese miners’ rail allocation to 4Mt/y

State-owned Transnet Freight Rail (TFR) says it is easing the requirements for emerging manganese miners to transport their ore and products to the ports of Gqeberha and Saldanha, starting with new... 

Partnership formed for circular, recycled battery materials

Recycling technology and supply chain platform ACE Green Recycling (ACE) and diversified miner Glencore have entered into a long-term supply agreement for recycled lead, as well as key battery... 

Edenville places shares to raise £400 000 to deal with capital constraints

Aim-listed energy company Edenville Energy has issued 5.71-million shares in an effort to raise £400 000 that it will use to provide additional working capital, to settle outstanding creditors and... 

Energy crisis driving an acceleration in renewables installations – IEA

The global energy crisis is driving an unprecedented acceleration in the installation of renewable power, with total capacity growth worldwide set to almost double in the next five years to reach 2... 

RBPlat clarifies independent expert findings following Northam TRP complaint

Northam Platinum has submitted a complaint to the Takeover Regulation Panel (TRP) in terms of Section 168(1)(a) of the Companies Act in response to RBPlat’s independent expert finding that Implats’... 

Tsodilo launches online landing pages to update market on Xaudum licence litigation

As a result of “overwhelming” interest in diamond and metals explorer Tsodilo Resources’ legal action against the Botswana Ministry of Minerals & Energy (MME), the former has established landing... 

Thungela, Inyosi Coal share swap a ‘great’ empowerment deal – Balfour

A successful R1-billion transaction on November 24, in which Anglo Coal’s black economic empowerment partner Inyosi Coal acquired shares in JSE-listed Thungela Resources, is being labelled a “great... 

Horizonte Minerals awards long-term port agreements for Araguaia project

Aim- and TSX-listed nickel project developer Horizonte Minerals has entered into two long-term port agreements, securing access for the import of required raw materials and the export of final... 

Kropz draws down first R307.5m of R550m ARC fund loan

Aim-listed emerging African phosphate producer and developer Kropz made its first drawdown request under the new R550-million convertible equity facility from the company's largest shareholder... 

Karo Mining’s $50m VFSX bond extended after strong demand

Karo Mining, an 85%-owned subsidiary of JSE- and LSE-listed platinum group metals (PGMs) and chrome co-producer Tharisa, reports that the subscription closing date to raise $50-million by way of... 

Canadian govt approves the enviro assessment of Generation PGM’s Marathon mine

The Canadian government has approved the environmental assessment of TSX-listed Generation PGM’s Marathon palladium/copper project. Generation will now proceed with obtaining any additional...