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Resources Watch
Resources Watch
9th October 2024

This week: Pan African’s masterstroke gold operation gets going under budget, ahead of schedule; South Africa needs to transition to renewable energy, Eskom chair tells Joburg Indaba; and, Battery... 


Newmont CEO Tom Palmer
Chinese group buys Newmont Ghana mine for $1bn
9th October 2024 By: Mariaan Webb

US-based gold major Newmont has agreed to sell its Akyem mine, in Ghana, to Chinese mining giant Zijin Mining for up to $1-billion in cash. The sale forms part of the miner’s ongoing strategy to... 


Akobo Minerals produces first gold bar at Segele
8th October 2024 By: Sabrina Jardim

Gold exploration and mining company Akobo Minerals has produced the first gold bar from its Segele mine, in Ethiopia. The company says this significant milestone marks the beginning of gold... 


Sanbrado plant at night
Sanbrado’s third-quarter output dips but is on plan
8th October 2024 By: Darren Parker

Despite a 6% quarter-on-quarter dip in third-quarter production to 47 799 oz at the Sanbrado mine, in Burkina Faso, the operations delivered according to plan, ASX-listed gold mining company West... 


US rules on conflict minerals have not reduced violence in Congo, GAO says
8th October 2024 By: Reuters

A US congressional watchdog has found no evidence that a 2012 Securities and Exchange Commission (SEC) conflict minerals disclosure rule has reduced violence in Democratic Republic of Congo, it... 


Evolution awards NRW A$360m contract
8th October 2024 By: Creamer Media Reporter

Gold miner Evolution Mining has awarded mining services contractor NRW Holdings a A$360-million contract for surface mining at Castle Hill, Western Australia. The works to be performed include... 


Essakane is compliant with local regulations
Gold miners assure compliance amid permit concerns in Burkina Faso
8th October 2024 By: Mariaan Webb

International gold miners, including Canada's Iamgold, Fortuna Silver Mines, London-listed Endeavour Mining, and Australia’s West African Resources, have stated they were unaware of any potential... 


Mogale Tailings Retreatment operations manager Oriel Shikwanbana
Contract route saves gold project R300m, local tech takes tanks out of critical path
7th October 2024 By: Martin Creamer

The contract route chosen to recover gold from the mine dumps of the West Rand’s Mogale City reduced the project cost by R300-million. In addition, the technical prowess of a Krugersdorp... 


Burkina Faso junta leader Captain Ibrahim Traore
Burkina Faso plans to withdraw some mining permits, junta leader says
7th October 2024 By: Reuters

Burkina Faso plans to withdraw mining permits from some foreign companies and will seek to produce more of its own gold, junta leader Ibrahim Traore said on Saturday, without specifying which... 


An illegal gold mining operation in Ghana
Ghana's wildcat gold mining booms, poisoning people and nature
7th October 2024 By: Reuters

At an unlicensed gold mine in Ghana, men in t-shirts, shorts and rubber boots wade through pools of muddy water laced with mercury, pull out rocks with bare hands and operate a rickety sluice as... 


Dugbe project, in Liberia
Pasofino announces capital raise
7th October 2024 By: Marleny Arnoldi

Aim-listed Hummingbird Resources’ subsidiary Pasofino Gold has launched a private placement to raise $2.5-million for advancing the Dugbe gold project, in Liberia. The company will also use some of... 


Barrick's North Mara mine, in Tanzania
Barrick, Tanzania govt joint venture producing bulk of country’s mining revenue
7th October 2024 By: Marleny Arnoldi

Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corporation, has grown to contribute 51% of government’s revenue from the extractive industry. Tanzania... 


OceanaGold’s Waihi North and Macraes Phase 4 projects have been included in the list.
11 mining projects included in NZ fast-track list
7th October 2024 By: Mariaan Webb

Of the 149 infrastructure and development projects released this weekend for inclusion in New Zealand’s Fast Track Approvals Bill, 11 are mining projects. These include OceanaGold’s Waihi North... 


The processing plant is currently in Ottawa, Canada.
New Talisman Gold project left out of NZ’s fast-track bill
7th October 2024 By: Creamer Media Reporter

ASX- and NZX-listed New Talisman Gold Mines has announced that its Talisman project will not be included in New Zealand's upcoming Fast Track Approvals Bill, set to go before Parliament later this... 


Kingsgate and Thailand extend arbitration period
Kingsgate and Thailand extend arbitration period
4th October 2024 By: Creamer Media Reporter

ASX-listed Kingsgate and Thailand have extended the holding period for the arbitral award under the Thailand-Australia free trade agreement until September 30, 2025. This extension follows recent... 


Southern Cross makes key land acquisitions
4th October 2024 By: Creamer Media Reporter

Gold company Southern Cross has made a series of land acquisitions on properties directly surrounding its prospective Sunday Creek project, near Melbourne, in Victoria. The ASX-listed company has... 


Pan African group ESG manager Barry Naicker
Pan African taking the wild out of the west as gold recovery uplifts the local community
4th October 2024 By: Martin Creamer

When the Mining Weekly team of three arrived at the initial sod-turning event of Pan African Resources’ gold-from-dumps project just over a year ago, the area west of Johannesburg looked a little... 


MMC, Pan African, Vanadium Resources make headlines
MMC, Pan African, Vanadium Resources make headlines
4th October 2024

Mining Weekly Editor Martin Creamer discusses Manganese Metal Company’s R150-million self-funded plant 1 project, in Mpumalanga; the new gold recovery operation, in the west of Johannesburg; and... 


ISS and Glass Lewis throw weight behind Osisko-Gold Fields deal
ISS and Glass Lewis throw weight behind Osisko-Gold Fields deal
4th October 2024 By: Mariaan Webb

Proxy firms Institutional Shareholder Services (ISS) and Glass Lewis have each recommended that shareholders of Osisko vote for the transaction with Gold Fields. The South Africa-headquartered... 


An image of the Railveyor system in action
Rail haulage conveyor lowers carbon emissions
4th October 2024

Canada-based gold major Agnico Eagle Mines (AEM) revealed its findings on the efficiency and environmental impact of the Railveyor system – a bulk materials handling system made up of the Railveyor... 


 Pan African CEO Cobus Loots
Pan African’s masterstroke gold operation gets going under budget, ahead of schedule
3rd October 2024 By: Martin Creamer

The biggest takeaway from the hugely profitable Mogale tailings retreatment (MTR) operation, which was commissioned west of Johannesburg by Pan African Resources on Thursday, is that one can make a... 


Horizon mines first ore at Boorara gold project
Horizon mines first ore at Boorara gold project
3rd October 2024 By: Creamer Media Reporter

The Boorara gold project, near the Super Pit mine in the Western Australian goldfields, remains on track for first ore delivery this month, despite some labour shortages at site, MD and CEO Grant... 


Newmont's Tom Palmer
Newmont’s Palmer takes reins as ICMM chair
3rd October 2024 By: Creamer Media Reporter

The International Council on Mining and Metals (ICMM) has announced Tom Palmer, president and CEO of Newmont, as its new chairperson. He succeeds Iván Arriagada, CEO of Antofagasta Minerals, and... 


Brazilian state to host COP30 climate summit defends gold mining rules
3rd October 2024 By: Reuters

The Brazilian state of Pará, which will host the COP30 global climate talks next year in the Amazon, is defending local regulations that encourage illegal gold mining, according to documents in... 


Barrick kicks off Lumwana’s journey to top 25 global copper producers
Barrick kicks off Lumwana’s journey to top 25 global copper producers
3rd October 2024 By: Mariaan Webb

Canada-headquartered Barrick Gold officially launched the development of a Super Pit at its Lumwana copper mine in Zambia on Wednesday, with President Hakainde Hichilema and members of his Cabinet... 


Medallion makes permitting headway at Ravensthorpe
2nd October 2024 By: Creamer Media Reporter

Exploration and development company Medallion Metals has made significant progress toward securing key environmental and mining approvals for the development of its Ravensthorpe gold project (RGP),... 


Minerals Council South Africa CEO Mzila Mthenjane
Infrastructure rehabilitation, more exploration crucial for South African mining industry growth, Mthenjane says
2nd October 2024 By: Darren Parker

Minerals Council South Africa CEO Mzila Mthenjane believes that growing the South African mining industry depends on restoring mining capacity through infrastructure rehabilitation in the short... 


Eskom chairperson Dr Mteto Nyati
South Africa needs to transition to renewable energy, Eskom chair tells Joburg Indaba
2nd October 2024 By: Martin Creamer

South Africa needs to transition into renewable energy in a way that continues to protect the country’s energy availability, Eskom chairperson Dr Mteto Nyati told the Joburg Indaba on Wednesday.... 


Eros Resources to merge with Canadian mining rivals
Eros Resources to merge with Canadian mining rivals
2nd October 2024 By: Reuters

Canadian small-scale gold miner Eros Resources would merge with rivals MAS Gold and Rockridge Resources to develop copper and gold projects in the province of Saskatchewan, the companies said on... 


Uganda President Yoweri Museveni
Uganda sets up State-owned firm to take stakes in mining operations
2nd October 2024 By: Reuters

Uganda has formed a State-owned mining company to manage the government's equity interests in mining operations, its minister for energy and mineral development, Ruth Nankabirwa, said. All mining... 


Black Cat positions for production with new board appointment
1st October 2024 By: Creamer Media Reporter

Gold-focused exploration and development company Black Cat Syndicate has announced the appointment of Davide Bosio to its board as an independent non-executive director. The strategic addition to... 


The solar power plant that supplies the Blanket gold mine in Zimbabwe
Caledonia sells Zimbabwe solar plant
1st October 2024 By: Creamer Media Reporter

Gold miner Caledonia Mining Corporation has entered into a conditional agreement to sell the entire issued share capital of its Zimbabwe subsidiary Caledonia Mining Services (CMS), which owns and... 


Sonia Scarselli
Endeavour appoints BHP exec as exploration EVP
1st October 2024 By: Creamer Media Reporter

Gold producer Endeavour Mining, which has operating assets in Senegal, Côte d'Ivoire and Burkina Faso and a portfolio of development projects and exploration assets across West Africa, has... 


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