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Uranium exploration company Madison Metals has completed its maiden reverse circulation (RC) drill programme of 997 m over nine holes at its Khan uranium project at Madison West, located in Namibia’s Central Erongo uranium province. Drilling has confirmed high-grade uranium deposits.

Diversified miner and renewable energy company Exxaro Resources expects to report lower coal and iron-ore prices, as well as lower production, for the first six months of this year. With respect to the company’s key commodities, the average benchmark API4 Richards Bay Coal Terminal (RBCT) export price for the first six months of the year is expected to average $101/t, compared with $112/t in the second half of 2023, free-on-board (FOB), a decline from the previous six months.

JSE-listed Southern Palladium has completed an initial resource drilling campaign as part of a prefeasibility study (PFS) for the Bengwenyama platinum group metal (PGM) project, located on the eastern limb of the Bushveld Complex in South Africa, and all assays have been received. Eighty-two drillholes were completed totalling 30 746 m – including 50 reef deflections.

Coal mining company Liberty Coal has confirmed that it will be extending the deadline for former Optimum Coal Mine (OCM) employees to submit their applications for reemployment. The company said on June 24 that this was part of its prioritisation of the reemployment of former employees who were retrenched by OCM, which remains in business rescue.

Johannesburg- and London-listed Kore Potash’s share price on the JSE and the LSE fell by more than 20% on June 24, after the company reported ongoing discussions with regard to the engineering, procurement and construction (EPC) proposal and draft EPC contract with PowerChina International Group. The potash development company revealed that further important issues had been raised about completion and performance guarantee tests, which now needed to be further discussed and agreed on with PowerChina.

Coal miner MC Mining has appointed nonexecutive director Christine He interim MD and CEO, with effect from July 1. This follows the earlier announcement that Godfrey Gomwe has resigned as MD and CEO of JSE-, Aim- and ASX-listed MC Mining, with effect from June 30.

Aim-listed Galileo Resources has decided to undertake a Phase 3 drill programme to validate its current view that near-surface copper/gold mineralisation occurs along the Shinganda fault splay over a strike length of potentially more than 4 km, offering scope for the development of a preliminary mineral resource at the Shinganda copper/gold project, in Zambia. The Phase 1 and 2 drill programmes have confirmed the presence of copper/gold mineralisation associated with major regional and more localised structures.

JSE- and ASX-listed Orion Minerals has reported further “outstanding” assay results from the confirmation diamond drilling programme in the Flat Mines area at its Okiep copper project (OCP), in the Northern Cape, South Africa. The latest results add further momentum to Orion’s development strategy for the OCP, building on the initial results reported on April 22 and confirming the geology and endowment of the Flat Mines area, the company notes in a statement.

Australian company Gibb River Diamonds has acquired two uranium projects in Namibia, comprising six exclusive prospecting licences covering 1 828 km2.

The company, which is also developing the Ellendale diamond project and Edjudina gold project in Australia, acquired projects in the Erongo and Kunene districts of Namibia.

Processing and recycling group Heraeus Precious Metals has announced the acquisition of McCol Metals, a specialised company based in St. John’s, Newfoundland and Labrador, Canada.

The acquisition has seen Heraeus obtaining full ownership of McCol, underscores its focus on expanding its capabilities in recycling precious metals.