Category Archives: Uncategorized

Assore International Holdings (AIH), a subsidiary of South Africa’s Assore Group , has made a C$68-million investment in Toronto-listed Marimaca Copper that owns the Marimaca project in Chile’s Antofagasta region.

The strategic investment comprises two parts: first, the acquisition of 9.42-million shares of Marimaca from an affiliate of Tembo Capital Mining, Ndovu Capital, at C$4.50 a share generating C$43.38-million for Tembo Capital. Second, AIH subscribed to 5.73-million units through a C$25.76-million nonbrokered private placement.

Canada-headquartered miner Barrick Gold on Tuesday reported preliminary second-quarter production of 948 000 oz of gold and 43 000 t of copper and reaffirmed its full-year guidance.

The second-quarter gold output increased by a marginal 0.85% quarter-on-quarter, helped by increased production at Turquoise Ridge, in the US, and the continued ramp-up of the Porgera mine, in Papua New Guinea, as well as significant increases at its African mines.

Under current market conditions, many platinum mines will close prematurely due to a lack of financial resources – and even without financial constraint, closure of depleting mines will result in platinum availability being considerably below the level that has prevailed for the past quarter century, Minerals Council South Africa VP Paul Dunne informed last week’s Shanghai Platinum Week audience. Displaying a graph projecting two global platinum scenarios, Dunne said the lower declining darker dotted line shown in the image above would be platinum’s downfall should current platinum group metals (PGM) pricing persists.

Vertically-integrated renewable-energy solutions provider the Sola Group has celebrated the official commissioning of South Africa’s largest operational wheeling project, which will add 256 MW of renewables capacity to the national grid to power mineral sands miner Tronox Mineral Sands’ operations in the country.   Speaking to Engineering News and Mining Weekly in an exclusive interview prior to the launch, Sola Assets MD Katherine Persson explained that the wheeling project encompasses two solar PV projects, with capacities of 126 MW and 130 MW, respectively, outside Lichtenburg in the North West.

As part of its commitment to assist in the development of the Egyptian mining sector, London- and Toronto-listed gold miner Centamin is partnering with the Egyptian Mining Forum this week as the event’s primary sponsor. The Egyptian Mining Forum is set to celebrate the increasing prominence of mining in Egypt. The event is aimed at highlighting the role that innovative technologies and sustainable practices are playing throughout the sector, while promoting the untapped mineral and exploration opportunities in the region.

JSE-listed Northam Platinum achieved a 10.3% year-on-year increase in total equivalent refined platinum, palladium, rhodium and gold (4E) metal production from its own operations for the financial year ended June 30. Including bought material, refined 4E metal production was 10.6% higher year-on-year.

JSE- and NYSE-listed miner Sibanye-Stillwater has once again made it onto British financial organisation the Financial Times Stock Exchange (FTSE) Russell Group’s sustainability index.

The FTSE4Good Index is compiled by FTSE Russell as a global sustainable investment index series designed to identify companies that demonstrate strong environment, social and governance (ESG) practices, which are measured against international standards.

South Africa has told the UK that its plans to impose a carbon tax on imported goods will deepen global inequality and hamper Africa’s ability to adapt to climate change. The criticism of the measure, which the UK plans to introduce by 2027, comes as developing economies such as South Africa accuse industrialized nations of shifting the obligation to combat global warming to poorer countries. The European Union began levying its own so-called Carbon Border Adjustment Mechanism (CBAM) last year.

The major Simandou iron-ore mine and infrastructure project, in Guinea, has cleared all regulatory hurdles, marking the path forward for $11.6-billion integrated development.

The project, hailed as the biggest greenfield mine and infrastructure investment in Africa, has received key approvals from both the Guinea and Chinese governments.

The Lobito Atlantic Railway (LAR) consortium has received the first vessel at the Port of Lobito’s mineral terminal, marking the start of the group’s port operations in Angola.

LAR is the concession holder for the operation, management and maintenance of the railway linking Angola to the Democratic Republic of Congo (DRC).