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Hope fades for 44 trapped in collapsed South Africa building
Published: 09 May 24
Relatives of 44 construction workers trapped under a collapsed building in the South African city of George faced a fourth day of anguished waiting on Thursday as heavy machinery worked at the site in a race against time to find any survivors. Of 81 people who were on site when the five-storey private residential building collapsed on Monday, eight have been confirmed dead and 29 alive, 16 of them in a critical condition, according to the latest figures from George municipality. "A number of families... (are) waiting, not knowing what has happened with their children, with their husbands, their uncles," Thulas Nxesi, South Africa's employment and labour minister, told reporters on site. Nxesi said the government would conduct its own investigation. The cause of the collapse is yet to be established. "We still hope and pray that we can get people out alive," Anton Bredell, a Western Cape provincial minister, said. The identities of the missing have not been made public, but a list of names was circulating among groups of relatives who have congregated at the site since Monday, desperate for news of their loved ones, state broadcaster SABC reported.
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China April coal imports rise on lower domestic output, summer restocks
Published: 09 May 24
China's coal imports rose in April, customs data showed on Thursday, fuelled by lower domestic production and greater buying by power generators to swell stockpiles ahead of the peak summer demand season.
Shipments of coal into the world's largest consumer of the fuel were 45.25-million metric tons last month, up 11% from 40.68-million a year earlier, the data from the General Administration of Customs showed.
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BHP and Ivanhoe Electric join forces for a US copper hunt
Published: 09 May 24
Toronto-listed Ivanhoe Electric has announced an exploration alliance agreement with the top diversified miner BHP, targeting copper and other critical minerals in the US.
The alliance will explore six mutually agreed areas of interest over 3 655 km2 in Arizona, New Mexico and Utah.
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NexGen secures $250m uranium purchase deal
Published: 09 May 24
Canadian uranium exploration company NexGen has inked an agreement with MMCap International for the procurement of 2.7-million pounds of uranium concentrate.
The deal is valued at $250-million, based on the five-day average spot price, marking strategic move amid a tightening global uranium market.
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MinRes abandons Lake Johnston buy
Published: 09 May 24
ASX-listed Mineral Resources (MinRes) has decided to withdraw from the proposed acquisition of the Lake Johnston nickel concentrator plant and mining rights, in Western Australia.
MinRes in March entered into an agreement with Poseidon Nickel to acquire Lake Johnston with a view of converting the existing plant to process lithium into spodumene concentrate.
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Pan African confident of meeting upper end of full-year production guidance
Published: 09 May 24
South African gold producer Pan African Resources has revised its full-year production guidance to between 186 000 oz and 190 000 oz, compared with previous guidance of 180 000 oz to 190 000 oz, while maintaining its all-in sustaining cost guidance at between $1 325/oz and $1 350/oz. In an update to shareholders about the group's production expectations for the full financial year to end June 30, it says it ceased processing of marginal surface sources at Evander Gold Mines during the second half of the financial year, as the processing of this material was becoming uneconomical.
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Brazil court rejects requests to block $15.7bn from Vale, BHP
Published: 09 May 24
A Brazilian federal court rejected a request made by the country's solicitor general's office asking that miners Vale, BHP and their joint venture Samarco pay 79.6-billion reais ($15.64-billion) for the 2015 collapse of a tailings dam.
The request had been filed under a civil lawsuit in which the firm had already been ordered to pay the amount in January.
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Brazil court rejects requests to block $15.7bn from Vale, BHP
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Tiger Brands invests R300m in new Black Cat factory
 Published: 09 May 24
Africa’s largest food processing company, Tiger Brands, has unveiled a new peanut butter manufacturing facility for its Black Cat brand in Krugersdorp, which marks the single-largest capital investment that Tiger Brands has undertaken in South Africa.
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China's 2024 iron-ore imports seen similar to last year's - Vale
Published: 09 May 24
Imports of iron-ore by China, the world's biggest buyer, in 2024 are expected to be around 1.17-billion to 1.18-billion metric tons, similar to last year's 1.18-billion tons, a senior official of miner Vale said on Wednesday.
"In the near term, we are still seeing strong resilience in the Chinese economy, although the property market is slowing down in the next few years," Eduardo Mello Franco, marketing manager for pricing at Brazilian mining company Vale told an industry conference in Singapore.
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Rob McEwen optimistic about Argentina’s economic revival
Published: 09 May 24
Renowned mining magnate Rob McEwen is optimistic about Argentina’s economic prospects, citing President Javier Milei’s commitment to fiscal discipline and foreign investment as key drivers for growth.
McEwen recently returned from a trip to Argentina, where he met Milei and engaged in discussions about the country’s economic future. The Canadian mining executive praised the Milei’s proactive approach, highlighting his focus on sound economic principles designed to unburden the economy and get Argentina growing.
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Akkuyu nuclear power plant project, Türkiye – update
Published: 10 May 24
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Published: 10 May 24
Bankan gold project, Guinea – update
Published: 10 May 24
A standard skidding operation evolved into an opportunity for heavy lifting solutions provider Mammoet to showcase its ability to reduce the carbon...
Conditions still challenging, but contractors report noticeable uptick – MBA North
Published: 10 May 24
Last year was one of the most challenging years the Master Builders Association (MBA) North has ever experienced, with many of its long-standing...
