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Ghana-focused Asante Gold has reported substantial progress at its sulphide recovery plant at the Bibiani gold mine, with the principle long-lead equipment expected to be delivered to site by mid-August.

Installation of the sulphide recovery plant is expected to improve gold recovery and have a significant impact on the all in sustaining cost (AISC) per ounce produced and the profit margins at Bibiani. Gold recovery from sulphide ore is expected to increase from 70% to about 92%, the company said.

Leaders of the Group of Seven (G7) developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their ongoing summit in Italy.

“We will transition away from fossil fuels in energy systems in a just, orderly, and equitable manner, accelerating actions in this critical decade, to achieve net-zero by 2050 in keeping with the best available science,” says the draft seen by Reuters.

Copper mining and marketing company Copper 360 is on the home straight to produce quite a bit of cash by financial year end. That was the main takeaway from Mining Weekly’s post-results Zoom interview with the head of the only pure copper play listed on the Johannesburg Stock Exchange (JSE).

JSE- and NYSE-listed Gold Fields has revised its group-wide full-year production guidance downward, from between 2.33-million and 2.43-million ounces, to between 2.20-million and 2.30-million ounces, owing to a production revision at its Salares Norte project, in Chile, where production is uncertain owing to winter events. The production guidance for Salares Norte has been revised down from the previously indicated gold-equivalent ounces range of 220 000 oz to 240 000 oz, to 90 000 oz to 180 000 oz.

Mining production rose by a modest 0.7% in April, after declining by -4.8% year-on-year – revised from -5.8% year-on-year – in March, data published by Statistics South Africa (Stats SA) shows. Commenting on the statistics, Investec economist Lara Hodes says output was weaker than consensus expectations of a 1.1% year-on-year increase in production.

Battery metals supplier NextSource Materials on Thursday announced the signing of a mandate letter with the International Finance Corporation (IFC) to fund the expansion of the Molo graphite mine, in Madagascar.

The company is planning a large-scale expansion of the Molo mine and processing capacity from 17 000 t/y to 150 000 t/y of SuperFlake graphite concentrate.

Rare earths mining company Penansa has announced the appoinment of Luigi Bruni as construction manager for the site team at the Longonjo rare earths project, in Angola. Bruni brings practical experience to the project, having served as construction manager for 15 international mining and oil and gas projects over the past 20 years. Further, containerised 350-person accommodation facilities recently arrived in Angola, having been transported from South Africa via sea, rail and road. The multiple logistics routes for transporting containers to site have now successfully been confirmed ahead of transport of the modular processing plant.

South32 subsidiary Samancor Manganese has entered into a binding agreement for the sale of the Metalloys manganese alloy smelter, in Gauteng, to Khwelamet, an entity jointly owned by Menar and Ntiso Investing Holdings. Completion of the transaction is subject to certain conditions, including competition approval and regulatory approvals, which are expected to occur in the second half of the 2025 financial year, at which time the buyer would assume the assets and liabilities comprising Metalloys.

Financial institution First National Bank (FNB) says it has seen strong demand from clients buying Krugerrands on its trading platforms as consumers embrace alternative asset classes to diversify their investment portfolios. Over the past year, FNB assisted with facilitating the delivery of over 2 200 Krugerrands on its trading platforms.

Zimbabwe’s ferrochrome miners, the nation’s biggest electricity consumers, have agreed to build their own power plants over the next two years as the government seeks to balance energy demand. Under the agreement, ferrochrome producers will in the meantime pay electricity tariffs that are little more than half the rate charged to other mining companies, according to state power utility Zesa Holdings.