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Southern Copper eyes start of stalled Peru mine project as soon as this year
Southern Copper eyes start of stalled Peru mine project as soon as this year
Updated 6 hours ago By: Bloomberg

Southern Copper hopes to begin construction as soon as this year at a once fiercely contested copper mine in Peru’s coastal mountains as socio-political tensions ease and authorities get behind the project. The company has had permits to build... 


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Copper's record run at risk as US shipments calm speculator frenzy
20th May 2024 By: Reuters

Copper's lightning rally to record highs may not be sustainable in the coming weeks, with action concentrated on the shipment of material to cover exposed short positions in the US Comex futures... 


Blackhawk has company-making potential, says Sierra Nevada chair
Blackhawk has company-making potential, says Sierra Nevada chair
21st May 2024 By: Creamer Media Reporter

ASX-listed exploration company Sierra Nevada has unveiled a high-grade intercept of up to 1 270 g/t at its Blackhawk ephithermal project, in Nevada, US, and says it plans follow-up drilling in hole... 


Metals Australia granted drilling permits for Corvette River
21st May 2024 By: Creamer Media Reporter

Canada-focused Metals Australia has received all the required permitting approvals for a new drilling and trenching programme at Corvette River, in Quebec. The programme, which will include 10... 


Galan raises A$14m for ongoing HMW development
20th May 2024 By: Creamer Media Reporter

ASX-listed Galan Lithium has received commitments for an equity raising of A$14-million at A$0.24 a share. The capital raise will provide working capital headroom and financial flexibility for the... 


Dubai mining firm plans to start Argentina lithium production next year
21st May 2024 By: Reuters

Dubai-based United Mining Projects Corporation (UMPC) plans to begin producing battery-grade lithium in Argentina next year, aiming to deliver 5 000 metric tons in 2027 and double that in 2028, CEO... 


Opening Junior Indaba panel (from left) Lili Nupen, Tseliso Maqubela, Errol Smart, Mosa Mabuza, Bernard Swanepoel.
Latest cadastre agreement excites South Africa’s Junior Indaba panel
Updated 5 hours ago By: Martin Creamer

There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South... 


Malan Scholes director Hulmes Scholes
ESG just a new way of reporting on what mining companies have already been doing for years, panel says
Updated 7 hours ago By: Darren Parker

When considering the challenges involved in junior mining companies living up to increasingly stringent environmental, social and governance (ESG) requirements and reporting standards, mining and... 


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Hive Hydrogen South Africa chairperson Thulani Gcabashe
South Africa's R105bn green hydrogen project to be energised by hot De Aar sunshine
Updated 7 hours ago By: Martin Creamer

South Africa’s R105-billion green hydrogen, green ammonia project in the Eastern Cape took another major leap forward on Tuesday with the announcement of its underpinning by a cluster of nine solar... 


Eskom group executive for distribution Monde Bala
Eskom seeks Nersa permission to reserve grid capacity for public IPP procurement rounds
21st May 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has invited comment on Eskom’s application to preserve and reserve grid connection capacity for independent power producers (IPPs)... 


Tharisa warns of lower full-year earnings on the back of lower PGM prices
21st May 2024 By: Creamer Media Reporter

Platinum group metals (PGM) and chrome concentrate producer Tharisa has warned that its earnings per share (EPS) and headline earnings per share (HEPS) are likely to be up to 29% lower year-on-year... 


Menar MD Vuslat Bayoğlu
Menar advancing on the manganese front
21st May 2024 By: Martin Creamer

Private investment company Menar, which is advancing steadily on the manganese front, has anthracite, coal, nickel, and gold in its diversified multi-country portfolio. The company's... 


Premier raises £1.25m for use at its Zulu lithium, tantalum project
21st May 2024 By: Creamer Media Reporter

London-listed Premier African Minerals is raising about £1.25-million through the issue of about 781.25-million shares at 0.16p each. It will use the funds raised for the ongoing mining operations... 


The Ellendale mine in Western Australia
Gibb River Diamonds shares surge on Ellendale lease news
21st May 2024 By: Creamer Media Reporter

The share price of Gibb River Diamonds surged 48% on Tuesday on news that the company has been granted key licences that are at the heart of developing the Ellendale project, in Western Australia.... 


Haul trucks in operation at a West African mine
Use resources to diversify African economies, unlock sustainable growth
21st May 2024 By: Schalk Burger

A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal... 


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Hand holding a stack of ZiG10 banknotes
Zimbabwe asks miners to ramp up gold output to support ZiG currency
21st May 2024 By: Bloomberg

Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining Development Minister Winston Chitando. “This new... 


A stack of gold bars
Zimbabwe to start gold-tracing system in bid to curb smuggling
21st May 2024 By: Bloomberg

Zimbabwe’s sole authorized buyer of gold will introduce a system that traces supply of the metal from mines to the market in a bid to stop smuggling. Fidelity Gold Refinery’s initiative will start... 


The Port of Durban
Reserve Bank warns carbon taxes may cut exports by 10%
21st May 2024 By: Bloomberg

South African economic growth could be severely stunted if carbon taxes are widely imposed on its exports, according to a new report by the country’s central bank. The South African Reserve Bank... 


BHP shares hit 3-month high as deadline for formal Anglo bid looms
21st May 2024 By: Reuters

Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43-billion... 


Alpha HPA upsizes equity raising to A$175m
Alpha HPA upsizes equity raising to A$175m
21st May 2024 By: Mariaan Webb

ASX-listed Alpha HPA on Tuesday upsized its equity raising to facilitate the development of its high-purity alumina (HPA) refinery in Gladstone, Queensland, to A$175-million. The company... 


Lift-off for Cape Hardy green fuels project as Amp and Iron Road finalise commercial agreements
Lift-off for Cape Hardy green fuels project as Amp and Iron Road finalise commercial agreements
21st May 2024 By: Mariaan Webb

Canada-headquartered energy transition company Amp Energy has announced the development of the Cape Hardy Advanced Fuels Precinct, which entails green hydrogen, green ammonia and advanced fuel... 


Kali Metals appoints new MD
21st May 2024 By: Creamer Media Reporter

ASX-listed Kali Metals has announced the appointment of Paul Adams as MD from July 1. He will take over the role currently held by Graeme Sloan, who will step down as MD, but remain with Kali in a... 


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Magazine

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024

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

COPPER LEVERAGE: A revamped minerals-for-infrastructure deal between the Democratic Republic of Congo (DRC) and China’s Sicomines is contingent on the price of copper. Under the new contract, DRC will get $324-million yearly for infrastructure projects from its Chinese partners through to 2040 as long as the copper price remains above $8000/t. If copper rises above $12000/t, 30% of the additional profit will go to financing more infrastructure. If it falls below $8 000, funding will diminish and stop altogether at $5,200/t. Photograph: Bloomberg
COPPER LEVERAGE

A revamped minerals-for-infrastructure deal between the Democratic Republic of Congo (DRC) and China’s Sicomines is contingent on the price of copper. Under the new contract, DRC will get... 

Photo of Martin Creamer
South Africa’s reputation as an investment destination of choice must be regained

The 136-year-old Johannesburg Stock Exchange, whose roots and history stretch back to the earliest days of the mining boom in South Africa, is in need of smart augmentation and South Africa... 

Photo of Terence Creamer
Green stimulus

South Africa’s manufacturing sector is in dire need of stimulus. In its recently released ‘Industrial Policy & Strategy Review’, the Department of Trade, Industry and Competition (dtic) confirmed... 

Business Leader

 	Mark Wilson, CEO for Europe, Middle East and Africa as well as Asia Pacific at SYSPRO
Mark Wilson

This week we profile Mark Wilson, CEO for Europe, Middle East and Africa as well as Asia Pacific at SYSPRO, a provider of enterprise resource planning software 

THE OTHER POLL
THE OTHER POLL

There has been much discussion about South Africa’s attractiveness to investors following BHP’s bid for Anglo American’s non-South African assets and confirmation that Shell will be disinvesting... 

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