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Astute starts drilling campaign at Red Mountain, Nevada Astute starts drilling campaign at Red Mountain, Nevada
Published: 27 May 24
Australia-listed Astute Metals has initiated a maiden drilling campaign at its Red Mountain lithium project, in Nevada. “We are excited to be drilling again in Nevada as our lithium growth strategy in North America continues to advance,” commented chairperson Tony Leibowitz.
A truck delivering coal to a power station Uncertainty over coal jobs ahead of South Africa elections
Published: 27 May 24
Growing up surrounded by the towering smokestacks of coal-fired power stations, 22-year-old Siya Mokoena's life is inextricably linked to the coal industry that dominates his hometown of Emalahleni in South Africa's eastern province of Mpumalanga. Like many in Emalahleni, generations of Mokoena's family have worked in the coal sector. His father, a miner, was laid off in March when his mine was shut down.
Kenyan flag Standard Bank undertakes largest student housing financing endeavour in Africa
Published: 27 May 24
Financial services provider Standard Bank has partnered with global advisory firm MiDA Advisors and real estate developer Acorn Holdings to mobilise long-term blended finance commitments for green and affordable student housing in Kenya. The transaction will comprise up to $180-million in financing from the US Development Finance Corporation, which should help to secure $380-million more financing arranged jointly by Stanbic Bank Kenya – a member of Standard Bank Group – and MiDA.
Transnet National Ports Authority Port of Ngqura harbour master Captain Thulani Dubeko African Harbour Masters’ Committee elects Transnet harbour master as president
Published: 27 May 24
The African Harbour Masters’ Committee (AHMC) has elected South African State-owned Transnet National Ports Authority (TNPA) Port of Ngqura harbour master Captain Thulani Dubeko as its new president. He has served as the committee’s VP since October 2022.
South32 strikes Queensland earn-in deal with Hammer
Published: 27 May 24
Diversified mining company South32 is set to earn into ASX-listed Hammer Metals’ Isa Valley project, in north-west Queensland. Hammer unveiled the earn-in agreement on Monday, stating that South32 has an option to earn an 80% interest in the project and form a joint venture.
Grundfos at Nampo 2024 Grundfos at Nampo 2024 Has Video
Published: 27 May 24
Global pump manufacturer Grundfos water utilities regional product manager Stephan Venter speaks to Engineering News about the role the company is playing in the digitalisation of agriculture, displaying its product offering at Nampo 2024, which was held from May 14 to 17, near Bothaville, in the Free State. 
Telkom shareholders green light masts, towers deal
Published: 27 May 24
JSE-listed Telkom’s shareholders have approved the proposed R6.75-billion sale of its masts and towers infrastructure subsidiary Swiftnet to a consortium. The consortium comprises infrastructure fund Actis Ohio Fund managed by Actis and an infrastructure vehicle 100% owned by Royal Bafokeng Holdings.
The Endeavor zinc mine in Cobar Polymetal and MAC form Cobar mine alliance
Published: 27 May 24
The stock of ASX-listed base metals miner Polymetals Resources jumped 21% on Monday as the company announced a strategic alliance with, and investment by, ASX- and NYSE-listed Metals Acquisition (MAC). Polymetals aims to reopen the Endeavor zinc mine, which is about 30 km north of MAC’s CSA copper mine, near Cobar, in New South Wales.
Grupo Mexico's Asarco to reopen US copper smelter amid surging prices Grupo Mexico's Asarco to reopen US copper smelter amid surging prices
Published: 27 May 24
Asarco, the mining company controlled by industrial conglomerate Grupo Mexico, is planning to restart its mothballed copper smelter in the United States as prices for the red metal hit record highs, two sources with direct knowledge of the company's plans told Reuters. Asarco, first bought by Grupo Mexico in 1999, is in negotiations with unionized workers to restart the Hayden smelter in Arizona and nearby copper mines, as well as the Amarillo refinery in Texas, the sources said.
Anglo's South African corporate head office BlackRock encouraged Anglo to extend talks with BHP, source says
Published: 27 May 24
Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6-billion pound ($49.18-billion) mining merger, a person familiar with the matter told Reuters on Saturday. BHP, the world's biggest listed mining group, now has until May 29 to make a firm bid for Anglo American or it will be forced to walk away for at least six months under the UK's takeover rules after it was granted a one-week extension on Wednesday.
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