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The Misery underground mine is part of the Ekati deposit located in Canada’s Northwest Territories.

Published: 05 Sep 24

Australian mining company Burgundy Diamond Mines has announced encouraging results from its ongoing drilling programme at the Misery underground mine in Canada, suggesting the potential for an extended mine life beyond the initially planned 2026 closure date. CEO Kim Truter stated that the Misery pipe, known for its high-value ore, appears poised to remain productive well past the original schedule. This optimism stems from drilling results that indicate the kimberlite pipe contact has been intersected earlier than anticipated in all completed drill holes targeting the Misery Main ore body extension.

Kairos banks first A$10m under Pilbara tenement sales agreement

Published: 05 Sep 24

Gold explorer Kairos Minerals has banked the first A$10-million under its A$20-million agreement to sell noncore Mt York ground to ASX-listed miner Pilbara Minerals. Kairos sold six prospecting licences and the overlying mining lease application (ML45/1307) to Pilbara. The balance of A$10-million in Pilbara shares or cash will be received following the grant of M45/1207 application or another agreed tenure.

Ironbark Zinc’s Greenland asset requires ‘fresh eyes and capital’

Published: 05 Sep 24

Australia-listed Ironbark Zinc (IBG) has initiated a strategic review of its Citronen asset, in Greenland, and is considering a range of options, including an outright project sale, majority sell-down to a new co-owner or spinout. Citronen, which is a large greenfields project, has been a difficult asset to develop over the last several years of heightened macro-economic uncertainty and volatile markets.

France's Orano selects Tennessee site to build uranium enrichment plant

Published: 04 Sep 24

France's state-owned nuclear fuel company Orano has selected Oak Ridge, Tennessee as a preferred site to build a multi-billion dollar US uranium enrichment plant, Tennessee and Orano officials said on Wednesday. The move comes months after the administration of President Joe Biden signed legislation meant to eventually end dependence on Russia, the world's top supplier of enriched uranium. The law imposed a ban on imports of Russian enriched uranium and freed up to $2.7 billion in U.S. funding for domestic uranium projects.

Kamoa-Kakula achieves record level production in August

Published: 04 Sep 24

The Phase 1, 2 and 3 concentrators at TSX- and OTCQX-listed Ivanhoe Mines’ Kamoa-Kakula copper complex, in the Democratic Republic of Congo (DRC), achieved a combined monthly production record of 40 347 t of copper in concentrate and a combined monthly milling record of 1.1-million tonnes during August, the company announced on September 4. On August 31, the Phase 1, 2 and 3 concentrators produced a combined daily production record of 2 096 t of copper. This included 1 760 t of copper from the Phase 1 and 2 concentrators, which was also a record for the company.

Minerals Council South Africa CEO Mzila Mthenjane

South Africa's mining sector 'gearing for growth' as reforms yield results

Published: 04 Sep 24

Amid electricity and logistical constraints, as well as an increase in crime and corruption, the mining sector contributed only 6.3% to South Africa’s GDP in 2023, down from 7.3% in 2022, Minerals Council South Africa CEO Mzila Mthenjane noted in a presentation at the Africa Down Under conference, in Perth, Australia, on September 4. He said the Minerals Council was working with the South African government on the ambition of increasing economic growth to between 3% and 5% and enabling the creation of about 2.5-million jobs, thereby helping to arrest the current unemployment rate and increase investor confidence.

Mining input inflation again outpaces PPI in July

Published: 04 Sep 24

The Minerals Council South Africa finds in its latest index that mining input costs increased by 6.4% year-on-year in July. The increase matches that of June, with yearly input costs having held steady over the past two months owing to persistent high winter electricity tariffs that are constraining downward movement in inputs costs, as well as high costs of finance and transport.

Highland appoints Copperwood project director

Published: 04 Sep 24

TSX-V-listed Highland Copper has appointed Wynand van Dyk as project director for the Copperwood project, in Michigan, US. Van Dyk is a senior executive with 30 years of experience in mining, metallurgy and capital projects. He began his career with De Beers in South Africa, followed by numerous years at Hatch working as a project manager and lead process engineer for the mining division. He then spent about a decade with Lonmin Platinum focusing on design, construction and commissioning of key capital projects including the development of multiple processing plants and tailings dam expansions.

Kingsrose earns 51% in Råna, Norway

Published: 04 Sep 24

Mineral exploration company Kingsrose Mining has earned a 51% interest in the Råna nickel/copper/cobalt project, in Finland, by incurring $3-million of expenditure and drilling more than 5 000 m. In accordance with the transaction implementation agreement, Kingsrose has issued Metals One, the nominee of Scandinavian Resources, with one-million fully paid ordinary shares in the company as part of consideration for the earn-in.

Russia launches major zinc concentrate plant after delays linked to fire, US sanctions

Published: 04 Sep 24

Russia's new Ozernoye plant, located next to the country's largest zinc mine, launched zinc concentrate production on Wednesday, the company said, after delays caused by a 2023 fire and US sanctions. Ozernoye, situated in a remote area about 200 km from the border with Mongolia, aims to process up to six-million tons of zinc ore with output volumes of up to 600 000 tons of zinc concentrate when it reaches full capacity in 2025.