The measures that green metals and gold mining company Sibanye- Stillwater has taken to address loss-making assets are expected to secure yearly savings and capital expenditure deferrals of R6.6-billion, chairperson Dr Vincent Maphai told the online AGM of the platinum group metals major on Tuesday. The focus of the Johannesburg- and New York-listed Sibanye-Stillwater is on strategic essentials, which Maphai highlighted as being a reduction of operating and capital costs as well as the improvement of efficiencies.
BHP, Anglo dig in even as takeover talks deadline nears, sources say
BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as a deadline nears for the world’s biggest miner to submit a binding offer, five sources said. Anglo granted its bigger rival a one-week extension until 1600 GMT on Wednesday to its original May 22 deadline to submit a binding offer, after rejecting a third takeover proposal that had been dismissed as difficult to execute. It agreed to hold talks with BHP to iron out contentious issues over the structure of the deal.
Ivanhoe completes Phase 3 concentrator construction at DRC project ahead of schedule
TSX-listed Ivanhoe Mines announced that, on May 26, first ore was fed into the Phase 3 concentrator at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). First ore marks the completion of construction of the Phase 3 concentrator, which has been achieved months ahead of schedule and on budget.
Lucapa, partners recover 195 ct diamond from Lulo
ASX-listed Lucapa Diamond Company and its Lulo alluvial mine partners Endiama and Rosas and Petalas have announced the recovery of a 195 ct Type IIa diamond from the Lulo mine, in Angola. The diamond is the sixth-largest to be recovered from the Lulo alluvial operations since mining started in 2015.
Capital reveals 19% emissions reduction in inaugural sustainability report
London-listed mining services company Capital has published its inaugural Sustainability Report for the year ended December 31, 2023, wherein it is revealed that the group managed to reduce its overall Scope 1 and 2 emissions by 19%. “I . . . introduce our first standalone sustainability report for 2023, demonstrating sustainability progress made across the group and providing greater transparency with respect to our [environmental, social and governance] performance.
Blencowe continues to advance graphite prequalification work, expects offtake agreements soon
As London-listed Blencowe Resources advances the definitive feasibility stage of the Orom-Cross graphite project, in Uganda, towards production near the end of 2025, the company has had various fruitful engagements with offtakers.
From only 2% of its total tenement area, the Orom-Cross project has a 24.5-millio-tonne indicated and inferred resource grading 6% total graphite.
Marula reports high-grade manganese assays from testwork with potential offtaker
UK- and South Africa-listed battery metals miner Marula Mining has reported average grades of 35.73% from manganese samples taken from the Larisoro manganese mine, in Kenya.
The company garnered 18 samples from stockpiled material which will soon be railed to the port of Mombasa for export.
Jupiter forecasts higher manganese prices in coming months
ASX-listed Jupiter Mines marketing head Tracey Cloete says manganese ore prices are likely to trade higher than the historical average in coming months owing to supply disruptions. Jupiter has a 49.9% interest in the Tshipi manganese mine, in South Africa.
Giyani looking to appoint directors with EV battery, financing expertise
TSX-V-listed, Botswana-focused Giyani Metals is streamlining its board of directors as it transitions into a manganese battery metals producer.
Jonathan Henry, Michael Jones, John Petersen and Nicola Spooner have resigned from the board with effect from May 24.
Resolute appoints mining veteran Wray to succeed Botha as chairperson
Australia- and London-listed Resolute Mining has appointed Andrew Wray nonexecutive director.
He will also succeed chairperson Martin Botha when he retires at the end of August.