Democratic Republic of Congo’s government has lifted a suspension order on a Congolese copper and cobalt operation majority-owned by China’s Zijin Mining Group, according to a letter seen by Reuters on Monday. Congo’s mines ministry last month halted the activities of the COMMUS project, in which Zijin owns a 72% stake, to investigate mineral products returned from South Africa due to overly high radiation levels.
Lithium miner debuts as Ghana’s first listing in two years
Australian-based Atlantic Lithium, which is developing Ghana’s first lithium mine, has taken a step toward raising capital from equity investors in the country.
The company has listed all its shares in issue on the Australian Securities Exchange and London Stock Exchange’s AIM board, on the Ghana Stock Exchange, said Abena Amoah, the Accra-based bourse’s MD.
The shares opened at 4.40 cedis ($0.31) apiece at Monday’s launch in Accra.
Anglo rejects BHP’s revised £34bn proposal
Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion.
The structure of the revised proposal, unveiled on Monday, remained unchanged from the previously rejected proposal of last month. It comprises an all-share offer for Anglo, with a requirement to complete two separate demergers of the South African units, Anglo American Platinum (Amplats) and Kumba Iron Ore.
The all-share offer and required demergers will be inter-conditional.
Green energy presenting South Africa with massive reindustrialisation chance – Nedbank
Green electrons and green molecules are presenting South Africa with a massive opportunity to reindustrialise, Nedbank CIB head of infrastructure, energy and telecommunications Mike Peo told the Green Hydrogen Roundtable on Monday. “We have an opportunity for South Africa to completely reindustrialise, to start building up our industrial base that we have lost over the last ten to 15 years,” was Peo’s inviting message at the event addressed by the Chemical Industries Education & Training Authority (CHIETA) CEO Yershen Pillay, as well as by Higher Education and Training Department deputy director-general Zukile Mvalo. (Also watch attached Creamer Media video.)
Lexington renews Jelani prospecting right to 2026
Aim-listed Lexington Gold has announced that the prospecting right owned by Jelani Resources has now been formally renewed until May 29, 2026. This follows on the back of announcements made on May 15 and September 7 last year regarding Lexington’s acquisition of White Rivers Exploration (WRE).
VR8 mulls most favourable terms after signing third offtake MoU
Australia-headquartered Vanadium Resources (VR8) has signed a memorandum of understanding with China-based Hunan Zhongxin New Materials Technology for the offtake of 4 000 t/y of vanadium oxide, over a period of five years.
The nonbinding MoU states that Hunan can extend the offtake agreement by a further five years.
Caledonia starts year with higher output, profit
Gold miner Caledonia Mining says its production and profit was supported by a favourable gold price in the first quarter of the year, which has continued through April and into May.
The company’s Blanket and Bilboes mines, in Zimbabwe, recorded a 6% increase in production to 17 476 oz, compared with 16 141 oz produced in the same quarter of last year.
Kefi nears construction start at Tulu Kapi
London-listed Kefi Gold and Copper says the remaining finance syndicate approval process in respect of the Tulu Kapi project, in Ethiopia, is on track for final approvals this month.
The company has started with launch preparations on site ahead of construction, which is earmarked to start by midyear.
Power moves to establish an early niobium foothold in West Arunta
The share price of ASX-listed Power Minerals surged early 30% on Monday, following its announcement of a strategic move into the West Arunta region of Western Australia with the addition of the Waterlander project.
Situated immediately adjacent to WA1 Resources’ Luni discovery, Waterlander is prospective for niobium and rare earth elements (REE).
Ramaphosa denies pre-election loadshedding respite is a ‘political ploy’
President Cyril Ramaphosa has entered the politically charged discussion on the reasons behind the recent dramatic reduction in loadshedding ahead of what is expected to be a highly competition election and amid allegations that the reprieve is being staged managed to improve the governing party’s prospects and will, thus, not be sustained. Writing in his weekly newsletter at a time which Eskom had refrained from implementing the unpopular rotational power cuts for a period of more than a month and a half, Ramaphosa denied that it was a “political ploy ahead of the elections”, while indicating that it was “too early to say that loadshedding has been brought to an end”.