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Aris Mining plans smaller-scale Soto Norte development, ups stake to 51%

Published: 24 May 24

Toronto- and New York-listed Aris Mining is set to increase its shareholding in the Soto Norte project, in Colombia, to a controlling interest of 51%. The company will acquire an addition31% joint venture (JV) interest in the copper/gold project in a share transaction. Aris will issue 15.75-million shares to Abu Dhabi-based investment group Mubadala, representing about 9.9% ownership, with a further six-million shares to be issued on receipt of an environmental licence. Aris also unveiled a new, smaller-scale development plan for Soto Norte, which is said to be one of the biggest undeveloped underground gold projects in South America.

Emmerson pleased with innovative processing method to be used at Morocco project

Published: 24 May 24

Aim-listed potash development company Emmerson’s main priority at this time is obtaining environmental approval for the Khemisset project, in Morocco. The company advises that a scoping study published in February identifies a novel processing route for the project, called the Khemisset multimineral process, which reduces the site’s environmental impact.

Crime, corruption keep South Africa’s S&P rating in check

Published: 24 May 24

S&P Global Ratings said it is closely monitoring the outcome of South Africa’s elections next week and subsequent government policies to address issues from crime to energy supply that have deterred investment. “We have seen investors being a little bit more cautious this year because of the election uncertainty,” S&P’s Zahabia Gupta said in an interview. “Post-elections, more political and policy stability could lead to increased investment activity.”

Lundin links $2.55bn credit and loan facilities to ESG performance

Published: 24 May 24

Canadian base metals company Lundin Mining has amended terms of two credit facilities – a $1.75-billion revolving credit facility and a $800-million term loan – to implement a sustainability-linked loan structure. The sustainability-linked loan structure incentivises reduced greenhouse gas emissions and thriving communities, which focuses on community relations as a core element of a mining company’s social licence to operate.

Solar PV facilities made up 99 of the registrations, with total capacity of 499 MW and an investment cost of R9.9-billion

Nersa confirms registration of 105 more generators as overall number rises to 1 415

Published: 24 May 24

The National Energy Regulator of South Africa (Nersa) reports that it registered a further 105 generation facilities during the period from January to March 2024, raising to 1 415 the number of facilities registered since the system was introduced in 2018. In a statement, Nersa said the newly registered facilities had a combined capacity of 788 MW and a total investment value of R18.4-billion, increasing the overall capacity of registered projects to 7 158 MW and the total investment value to R131-billion.

Hawsons Iron appoints new CEO

Published: 24 May 24

Iron-ore developer Hawsons Iron has appointed Tom Revy as CEO, replacing Bryan Granzien who is retiring. Revy has more than 35 years’ experience in the resources sector, having previously held senior roles at MIM Holdings, GRD Minproc and Worley Parson.

Trade, Industry and Competition Minister Ebrahim Patel

Patel to leave Cabinet after elections

Published: 24 May 24

Trade, Industry and Competition Minister Ebrahim Patel has announced that he will conclude his service in Cabinet after next week's election. “I wish to thank the President [Cyril Ramaphosa] and the African National Congress for the trust and confidence shown during my period in office and the leadership the President has provided to Cabinet, the country and the continent. “I wish to thank the many people whose collaboration, generosity with their time and ideas, and deep commitment to building a democratic, fairer society has inspired me and helped us to make solid progress in promoting economic development. I am proud of what we have jointly achieved under challenging circumstances,” Patel comments.

Manganese mining, local processing and green hydrogen make headlines

Published: 24 May 24

Mining Weekly Editor Martin Creamer unpacks the importance of South Africa locally processing its manganese ore, discusses private investment company Menar's plans to grow its manganese mining and processing operations in South Africa and Gabon and provides an update on Hive Hydrogen's efforts to secure solar energy for its R105-billion green hydrogen and green ammonia project in the Eastern Cape.

Eskom seeks to reserve grid capacity for publicly procured IPP projects

Published: 24 May 24

Engineering News editor Terence Creamer discusses Eskom's application to the National Energy Regulator of South Africa, seeking permission to preserve and reserve grid capacity for publicly procured IPP projects, as well as the implications should permission be granted.

Australian natural gas industry seeks policy repairs to boost investment

Published: 24 May 24

Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and curb soaring energy prices. While most executives at the Australian Energy Producers Conference in Perth were broadly in favour of the Australia Future Gas strategy unveiled by the government this month, they called for immediate action and improvements to the policy to avoid new gas supply shortfalls.