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Good Governance Africa research and programmes director Dr Ross Harvey

Wits dialogue unpacks implications of a post-mining future for communities

Published: 26 Jul 24

There is potential, in South Africa, to better align mines’ social and labour plans with municipal Integrated Development Plans (IDPs) for more effective and long-term broad-based development, Good Governance Africa research and programmes director Dr Ross Harvey has said. In a dialogue held at the University of the Witwatersrand (Wits) on July 25, focused on the implications of creating a post-mining future for communities, he discussed how the mining sector could “do right” by communities after mines close.

Seriti CEO Mike Teke and community elders

Seriti project to provide Internet to 500 Phola households

Published: 26 Jul 24

Coal miner Seriti Resources' Seriti Power Community Trust has handed the Monyetla Free WiFi project, which will give more than 500 households in the Phola community access to free, unlimited, uncapped Internet, over. The project, implemented by WiFi service provider Ikeja Wireless, will also make WiFi hotspots available throughout the community, thereby allowing people to easily connect to the Internet for free.

Demerging Anglo Platinum excited about demand outlook for platinum group metals

Published: 26 Jul 24

Anglo American Platinum, which is in the process of demerging from the Anglo American group, this week expressed confidence in the demand outlook for the platinum group metals (PGMs). The Johannesburg Stock Exchange-listed platinum group metals (PGMs) is being set free to advance unfettered as an independent pure PGMs play.

Osino awaits Namibian competition approval to proceed with takeover by Chinese miner

Published: 26 Jul 24

Communications between Canadian miner Osino and the Namibian Competition Commission (NCC) continue to progress positively as the NCC considers the application of the previously announced statutory plan of arrangement pursuant to which precious metals miner Shanjin International Gold will take over Osino at C$1.90 a share. After receiving the third of three Chinese regulatory approvals on May 28, the NCC’s competition law clearance remains the only outstanding approval to conclude the arrangement between the companies.

Pathfinder completes reverse takeover of Rome Resources

Published: 26 Jul 24

London-listed Pathfinder Minerals has completed the reverse takeover of Canada-based exploration company Rome Resources, which owns tin projects in the Democratic Republic of the Congo (DRC). As a result of the reverse takeover, Pathfinder’s new name is Rome Resources.

Bellevue stock falls on discounted A$150m capital raise

Published: 26 Jul 24

The share price of Bellevue Gold sunk 22% on Friday, as the gold miner unveiled a discounted capital raise of A$150-million. The ASX-listed company received firm commitments for a fully underwritten share placement to institutional investors at A$1.55 a share.

Orion's Prieska complex in the Northern Cape

Orion raises A$3.6m through share purchase plan

Published: 26 Jul 24

ASX- and JSE-listed Orion Minerals has raised A$3.6-million, or R44-million, through a share purchase plan (SPP) that closed on July 23. Under the SPP, each eligible shareholder was entitled to apply for parcels of new shares from a minimum parcel of A$165, or R2 000, up to a maximum of A$30 000, or R365 000.

Nifty partnership for Cyprium and Glencore

Published: 26 Jul 24

ASX-listed Cyprium Metals on Friday announced a commercial strategic partnership with commodities major Glencore to accelerate the resumption of copper production from the Nifty mine near Port Hedland, Western Australia. The strategic partnership focuses on four areas that relate to the resumption of copper production from Nifty: cathode offtake, sulphuric acid supply, concentrate sales, and technical support.

Eldorado maintains 2024 operational guidance

Published: 26 Jul 24

Canada-based Eldorado Gold has reaffirmed its 2024 production guidance of 505 000 oz to 555 000 oz of gold at an all-in sustaining cost of $1 190/oz to $1 290/oz. The company produced 239 439 oz in the first six months of the year from its operations in Türkiye, Greece and Canada. In the second quarter, production increased by 12% year-on-year to 122 319 oz, underpinned by a strong performance at the Lamaque and Kisladag mines, and offset by lower output at Olympias owing to work stoppages related to negotiations for a new collective bargaining agreement.

Jabiluka uranium mine to close after Australia rejects bid from Rio Tinto unit

Published: 26 Jul 24

Energy Resources of Australia said on Friday the Northern Territory government has rejected its request to renew the uranium mining lease for the Jabiluka deposit. The company, in which Rio Tinto has a majority stake, had applied to extend the lease for another 10 years, with the current lease due to expire in August.