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Canadian junior kicks off exploration programme in Bougainville

Published: 03 May 24

Island Passage Development Canada Limited (IPDC) has announced the initiation of a large-scale mineral exploration programme on Bougainville island, marking the first major exploration effort since the signing of the 2001 Peace Accord between Papua New Guinea and Bougainville. The programme, spearheaded by IPDC's Papua New Guinea subsidiary, Island Passage Development Limited (IPD), is conducted in collaboration with Isina Resource Holdings Limited (IRHL), a customary landowner company.

Greatland eyes full ownership of Havieron amid Newmont's potential divestment

Published: 03 May 24

London-listed Greatland Gold is contemplating reclaiming full ownership of the Havieron gold/copper project in Western Australia, should Newmont divest of its 70% stake, says MD Shaun Day. The US-based gold major in February announced that it was considering selling its interests in Havieron and Telfer, which were inherited through its acquisition of Newcrest last year.

Copper miner Austral placed in receivership

Published: 03 May 24

Copper miner Austral Resources has been placed in receivership. Creditor Wingate has appointed Jason Tracy, Grant Sparks and Sean Holmes as joint and several receivers and managers. “The business will continue to trade while the receivers and managers undertake an assessment of the financial position and determine the future of the business and its assets,” Deloitte said in a statement.

US power-plant rules threaten grid reliability, Peabody CEO says

Published: 03 May 24

Peabody Energy, the biggest US coal producer, is warning that federal regulations to curb emissions from power plants pose a threat to the grid at a time when electricity demand is poised to surge. The Environmental Protection Agency announced regulations last month that will force coal-fired power plants to capture nearly all of their carbon dioxide emissions — or close — by 2039. The policies are a critical part of President Joe Biden’s efforts to fight climate change, but they come just as the boom for artificial intelligence and data centers is set to send power demand higher.

Canadian Natural Resources considering major expansion of Horizon oil sands mine

Published: 03 May 24

Canada's largest oil and gas producer Canadian Natural Resources is looking at opportunities to significantly increase bitumen output at its main oil sands mine, the company said on Thursday. President Scott Stauth said the company is considering a 195 000 barrel-per-day (bpd) expansion at its Horizon mining and upgrading plant in northern Alberta through new extraction and treatment processes. Previously the company said it could add 75 000 bpd of bitumen, but Stauth said Canadian Natural had been able to enhance engineering and scale up the processes.

Hudbay is building Copper World, where it expects about 92 000 metric tons of average copper production over the first ten years.

Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets

Published: 03 May 24

he CEO of Canadian miner Hudbay Minerals said BHP Group's $39-billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a premium to buy existing copper mines. Hudbay expects to launch a formal sale process for a minority stake in its Arizona Copper World project in the United States later this year after already holding talks with companies.

Glencore studying an approach for Anglo American, sources say

Published: 03 May 24

Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company. Glencore has not yet approached Anglo, one of the sources said. The discussions are internal and preliminary at this stage and may not result in an approach, the source added.

Fuels, lubricants provider launches new brand positioning

Published: 03 May 24

African energy solutions group Engen has launched a new business-to-business brand positioning to cement the company as a preferred energy solutions provider to its commercial fuels and lubricants customers, including opencast mining companies – a significant user of fuels and lubricants owing to often-extensive fleets of large diesel-powered mining equipment. The company maintains its commitment to enriching lives for a sustainable future and its new ‘Always Moving’ slogan is aligned with the directive to keep assisting industries by providing them with technologically-advanced fuels, lubricants, chemicals and associated services.

New limestone quarry under development

Published: 03 May 24

As the important mineral component of its cement, limestone will soon be mined from a new deposit by aggregates and construction materials company AfriSam’s Ulco cement plant, in the Northern Cape. The relocated quarry will be capable of providing security of supply for about 40 years, and will need to deliver about two-million tonnes of limestone to Ulco each year.

Surface-mining skills shortage a concern – association

Published: 03 May 24

Amid the current economic challenges in South Africa, local mining and quarrying industry representative organisation Aspasa stresses the importance of discovering smarter ways of mining economically and calls for the creation of platforms for young people to develop in the industry. The association asserts that small-scale surface mines provide a broad spectrum of exposure for individuals entering the mining industry, as they can acquire a well-rounded knowledge while being deployed in surface mining operations.