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An image of Ivanhoe founder and executive co-chairperson Robert Friedland Ivanhoe completes Phase 3 concentrator construction at DRC project ahead of schedule
Published: 28 May 24
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.
Manganese mining operation Jupiter forecasts higher manganese prices in coming months
Published: 28 May 24
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.
Oil and gas industry body shines spotlight on Angolan market
Published: 28 May 24
The African Energy Chamber (AEC) has highlighted the opportunities provided by Angola’s oil and gas industry. The Chamber points out that oil and gas forms the lynchpin of the Angolan economy and that, since 2017, it has been subject to “aggressive reform”. Since 2019, the country has been undertaking multiyear licensing rounds for offshore blocks for both oil and gas exploration and production, open to foreign enterprises. So far, this policy has seen the awarding of more than 27 such blocks. The most recent of these rounds saw 53 bids for 12 blocks in the Lower Congo and Kwanza basins. The AEC is particularly urging multinational exploration and production, and technology, companies to invest in Angola. The organisation points out that the West African country plans to keep its oil production running at 1.1-million barrels per day (bpd) until 2027. After that, production will be stepped up to more than 2-million bpd, to boost economic growth.
Firebird receives safety permit for Chinese project
Published: 28 May 24
ASX-listed Firebird Metals’ subsidiary Hunan Firebird Battery Technologies has received a safety permit for Stage 1 of a proposed battery-grade manganese sulphate plant in China. The plant will use third-party manganese ore to produce high-purity manganese sulphate.
Capital reveals 19% emissions reduction in inaugural sustainability report
Published: 28 May 24
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.
An image of the Lulo mine in Angola Lucapa, partners recover 195 ct diamond from Lulo
Published: 28 May 24
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.
South African rand stable, national election looms South African rand stable, national election looms
Published: 28 May 24
The South African rand was stable in early trading on Tuesday, against a weaker dollar and ahead of a national election on Wednesday which could see the ruling party lose its majority for the first time in 30 years. At 07:09 GMT, the rand traded at 18.3725 against the dollar, around 0.1% stronger than its previous close.
Berkeley seeks $1bn in damages from Spain over uranium mine dispute Berkeley seeks $1bn in damages from Spain over uranium mine dispute
Published: 28 May 24
Australian mining group Berkeley Energia said on Tuesday it had filed a request for an arbitration to seek $1-billion in damages from the Spanish government after it refused to give final approval for its uranium mine project. The Retortillo project, Berkeley's main asset, received preliminary approval in 2013, but Spain's Energy Ministry refused to approve the project located near the central city of Salamanca first in 2021 and again in 2023.
Adriatic to raise $50m Adriatic to raise $50m
Published: 28 May 24
Silver developer Adriatic Metals has announced a $50-million institutional placement to optimise its balance sheet while ramping up the Vares operation in Bosnia and Herzegovina. The company, which is listed on the ASX, LSE and OTCQX, will issue about 18.3-million CHESS depositary interests (CDIs) over new fully paid shares in the company. The offer price of A$4.15 per CDI represents a discount to the five-day volume weighted average price on the ASX on May 24.
Sierra Nevada reviews assets, focus shifts to Blackhawk
Published: 28 May 24
Australia-listed Sierra Nevada Gold has announced a strategic review of its assets, exploring options such as joint ventures, strategic partnerships or project sales. The company has five 100%-controlled projects in Nevada, comprising four gold and silver projects and a large copper/gold porphyry project.
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