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Africa

Hummingbird to receive second tranche of $20m loan
1st November 2024 By: Darren Parker

Aim-listed gold producer Hummingbird Resources is expecting to receive the second tranche of a $20-million loan facility from lender CIG in the next few days. On September 27, Hummingbird announced... 


From left: Taanil Construction project contractor Walied Devajee; Kgatelopele local municipality corporate director and projects administrator Mildred Likotsi; executive committee member and Ward 3 Councillor Ansie van Zyl; Ward 4 Councillor Jan Slinger; Kgatelopele local municipality executive mayor and Ward 5 Councillor Irene Williams; Finsch operations executive Jaison Rajan; council whip and Ward 2 Councillor Ronel Haai; Finsch diamond mine National Union of Mineworkers representative Michelle Moeti; and MDV Kalahari Consulting Engineers project engineer Brian Bensley
Petra’s Finsch mine completes road upgrade
1st November 2024 By: Sabrina Jardim

London-listed Petra Diamonds’ Finsch mine has completed the MacKenzie road upgrade project in Danielskuil, in the Northern Cape. The project, valued at R6.2-million, was undertaken as part of the... 


Bauxite ore in hand
Canyon advances early works on now-permitted Minim Martap bauxite project
1st November 2024 By: Marleny Arnoldi

ASX-listed bauxite miner Canyon Resources and its subsidiary Camalco has been granted a mining licence for the Minim Martap project in Cameroon. The 20-year licence is conditional upon the... 


Potash material in hand
Emmerson considers international arbitration in investment dispute with Morocco
1st November 2024 By: Marleny Arnoldi

London-listed potash development company Emmerson has engaged Boies Schiller Flexner as its litigation counsel in an investment dispute with the Moroccan government. The dispute arose out of... 


Photo of Martin Creamer
Chile green hydrogen, Implats solar, De Beers business development make headlines
1st November 2024

Mining Weekly Editor Martin Creamer discusses the very promising findings of Chile’s green hydrogen valley study; Implats' 35 MW solar project and expanded smelter at Zimplats; and De Beers urging... 


The Durban Container Terminal
South Africa looks to Africa and China ties as global trade fences go up
1st November 2024 By: Reuters

South Africa's trade minister said his country is pursuing more robust trade and investment ties within the continent and with China - its biggest trade partner - as the global trade environment... 


Balama is one of the biggest integrated graphite mining and processing operations globally.
$150m DFC loan for Africa graphite mine
1st November 2024 By: Mariaan Webb

The US International Development Finance Corporation (DFC) has approved a $150-million loan to support the development of the Balama graphite mine, in Mozambique. The loan agreement follows a... 


MC Mining’s Uitkomst production falls in first quarter
MC Mining’s Uitkomst production falls in first quarter
31st October 2024 By: Tasneem Bulbulia

JSE-listed MC Mining’s run-of-mine coal production at the Uitkomst steelmaking and thermal coal mine for the quarter ended September 30 (the first quarter of its 2025 financial year) was 35% lower... 


PFS confirms viability of South Palladium’s Bengwenyama project
31st October 2024 By: Tasneem Bulbulia

JSE- and ASX-listed Southern Palladium has announced the results of a prefeasibility study (PFS) for its 70%-owned Bengwenyama project in the eastern limb of the Bushveld Complex in South Africa,... 


Kore progresses EPC agreements, financing options for Congo-Brazzaville projects
31st October 2024 By: Tasneem Bulbulia

Potash development company Kore Potash, with 97% ownership of the Kola potash project and the Dougou Extension (DX) potash project in the Sintoukola basin in Congo-Brazzaville, has provided its... 


Openpit mining at Marula’s Kinusi continues according to plan
31st October 2024 By: Sabrina Jardim

Africa-focused mining and development company Marula Mining has reported that conventional openpit mining of the No 4 Pit, at its Kinusi copper mine, in Tanzania, has been ongoing, with shallow... 


The Ambatovy mine
Sumitomo resumes production at Madagascar's nickel project
31st October 2024 By: Reuters

Japanese trading house Sumitomo Corp said on Thursday it was slowly resuming production at the Ambatovy nickel and cobalt project in Madagascar after last month's pipeline issue and is reviewing... 


The Tshipi mine within the Kalahari manganese field.
Manganese production strong, prices weak, Jupiter reports
31st October 2024 By: Martin Creamer

Australia-listed manganese company Jupiter Mines, which has a 49.9% beneficial interest in Tshipi é Ntle Manganese’s Tshipi mine in South Africa’s Kalahari manganese field, on Thursday reported... 


An image showing trucks loading at the Krone-Endora at Venetia project in South Africa
Diamcor to raise funds to expedite increased processing at South Africa project
31st October 2024 By: Tasneem Bulbulia

TSX-V-listed Diamcor Mining intends to complete a term loan financing of up to C$1.5-million, to be used to expedite efforts to support the processing of material at significantly higher volumes at... 


Asante plans $525m package for Ghana growth plan
Asante plans $525m package for Ghana growth plan
31st October 2024 By: Mariaan Webb

Gold miner Asante Gold has announced plans for a $525-million financing package to fund its growth plans and to recapitalise its short-term liabilities. The financing package is planned in two... 


UBS expects copper price to average $10 500/t in 2025
UBS expects copper price to average $10 500/t in 2025
31st October 2024 By: Reuters

UBS said on Thursday that increasingly tighter supplies of copper in the coming six to 12 months could lead to a deficit of more than 200 000 t in 2025, as demand grows for the metal key to energy... 


Powerlines
In another shock move, Eskom seeks review of Nersa decision to issue four new trading licences
31st October 2024 By: Terence Creamer

In another surprise move, Eskom has taken the seemingly regressive step of approaching the High Court for a review of the National Energy Regulator of South Africa’s (Nersa’s) decision to grant... 


An image showing Ivanhoe Mines' Kamoa Phase 3 Processing Plant Construction
Ivanhoe delivers strong third quarter, expects 2025 to be a ‘banner year’
30th October 2024 By: Tasneem Bulbulia

Canada-headquartered miner Ivanhoe Mines achieved a profit of $108-million for the third quarter ended September 30, an increase on the $67-million reported for the previous quarter. Adjusted... 


Minerals Council chief economist Hugo Pienaar
Medium-Term Budget's logistics, infrastructure focus to benefit mining, says Minerals Council
30th October 2024 By: Schalk Burger

Minerals Council South Africa says it is encouraged by the focus in the Medium-Term Budget Policy Statement (MTBPS), delivered by Finance Minister Enoch Godongwana on October 30, on initiatives to... 


Anglo American CE Duncan Wanblad
Initial findings of Chile’s green hydrogen valley study ‘very promising’, Anglo reports
30th October 2024 By: Martin Creamer

The initial findings of the study to ascertain the feasibility of the development of a green hydrogen valley in Chile’s central zone are “very promising”, Anglo American Chile CEO Patricio Hidalgo... 


Glencore CEO Gary Nagle
Glencore remains on track to meet its full-year production guidance
30th October 2024 By: Darren Parker

Glencore’s full-year production guidance for 2024 has remained unchanged across all commodities, the company revealed at the release of a third-quarter production report on October 30. “[This]... 


Resources Watch
Resources Watch
30th October 2024

This week: ESG targets are prioritising the need for mining tyre circularity; Water power is there for the taking in many underground mines and, Omnia Holdings offering broader value proposition... 


Saudi Arabia in advanced talks over Zambia copper mine stake, Ma'aden CEO says
30th October 2024 By: Reuters

Saudi Arabia is in the advanced stages of talks about a stake in a copper mine in Zambia and is expecting a deal by the end of the year, the CEO of Saudi Arabia’s flagship mining company Ma’aden... 


Zimbabwe's Zimplats mine.
Implats commissions 35 MW solar project, expanded smelter at Zimplats
30th October 2024 By: Martin Creamer

The commissioning of the solar project and the enlarged furnace complex at Zimplats has positioned this Zimbabwe platinum group metals (PGM) operation to benefit from improved processing capacity,... 


Simandou to mine first cargo by end 2025
Simandou to mine first cargo by end 2025
30th October 2024 By: Reuters

China's biggest listed steelmaker, Baoshan Iron & Steel, expects the Simandou iron ore project in Guinea to complete infrastructure construction and mine its first cargo by the end of 2025, the... 


solar and wind energy
Clean energy technology market to rival crude oil market value by 2035
30th October 2024 By: Darren Parker

Based on the current policy environment, the global market for clean energy technologies is set to rise from $700-billion in 2023 to more than $2-trillion by 2035, close to the value of the current... 


Debswana's Jwaneng mine
Debswana diamond sales fall over 50% in first nine months of 2024
30th October 2024 By: Reuters

Sales of rough diamonds at the Debswana Diamond Company fell about 52% in the first nine months of 2024, data released by Botswana's central bank on Tuesday showed, as the downturn in the global... 


BHP chairperson Ken MacKenzie and CEO Mike Henry addressed the BHP AGM on Wednesday.
BHP has moved on from Anglo American, company chairperson says
30th October 2024 By: Reuters

BHP has moved on to focus on other growth opportunities after its failed bid for Anglo American earlier this year, the company's chairman said on Wednesday, weeks before a block on making another... 


Salungano’s interim headline loss widens to 90c
29th October 2024 By: Marleny Arnoldi

Mining investment company Salungano Group has continued experiencing operational and financial challenges in the six months ended September 30, with the Elandsfontein Colliery not having produced... 


Sylvania reports 12% q/q production increase at SDO
29th October 2024 By: Sabrina Jardim

Aim-listed Sylvania Platinum’s Sylvania Dump Operations (SDO), in South Africa, has produced 19 160 oz of platinum, palladium, rhodium and gold (4E) platinum group metal (PGM) in the quarter ended... 


Tormin mine operations on South Africa's West Coast
Turnaround efforts in full swing at MSR’s Tormin mine in the Western Cape
29th October 2024 By: Marleny Arnoldi

South Africa-focused Mineral Sands Resources (MSR) will, in a month’s time, publish a business rescue plan for the Tormin mine, in the Western Cape. Shareholders will then, on December 13, vote... 


Centamin's Sukari gold mine, in Egypt
AngloGold, Centamin shareholders approve acquisition
29th October 2024 By: Marleny Arnoldi

The shareholders of gold miners AngloGold Ashanti and Centamin have approved the deal whereby AngloGold intends to acquire Centamin for $2.5-billion. The majority shareholder approval follows a... 


Anglo American Chile CEO Patricio Hidalgo
Anglo highlights role of sustainability, innovation in unlocking copper growth
29th October 2024 By: Martin Creamer

New hydraulic dewatered stacking (HDS) technology has the potential to transform the nature of tailings and land rehabilitation in the mining industry, Anglo American Chile CEO Patricio Hidalgo... 


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