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Osino shareholders approve Yintai’s takeover offer

Published: 03 Jun 24

The majority of TSX- and NYSE-listed Osino Resources Corporation’s shareholders have voted in favour of Chinese miner Yintai Gold’s buyout of Osino at a cash consideration of C$1.90 apiece. The companies are now working to obtain approvals from regulatory authorities in Namibia and China.

With ARM as strategic investor, Surge Copper kick starts Berg PFS work

Published: 03 Jun 24

TSX-V-listed Surge Copper has initiated its prefeasibility study (PFS) work on its Berg property, in British Columbia, having completed a C$5-million funding package. The biggest component of the funding package is the recently completed C$3.9-million strategic placement with JSE-listed African Rainbow Minerals (ARM), which is now a new cornerstone strategic investor.

De Beers invites entries for 2024 Shining Light Awards programme

Published: 03 Jun 24

Diamond miner De Beers has invited entries from Canadian, Botswanan, Namibian and South African young diamond jewellery designers for its 2024 Shining Light Awards programme. The Shining Light Awards programme aims to recognise talented youth and boost their careers in the jewellery business, as well as add further local value through downstream beneficiation in the countries in which De Beers operates.

Gallagher retires from Capstone board

Published: 03 Jun 24

Bob Gallagher has retired from the board of Capstone Copper, the Vancouver-headquartered company announced on Friday. Gallagher joined the Capstone board in 2016 and served as chairperson of the technical and operational performance (TOP) committee since 2019.

Gibraltar mine operations halted as hundreds of employees strike

Published: 03 Jun 24

Mid-tier copper producer Taseko Mines has halted operations at the Gibraltar mine, in British Columbia, after failing to reach a collective bargaining agreement with unionised workers. About 550 workers at the copper mine, north of Williams Lake, walked off the job on Saturday, after negotiations between Taseko and private sector union Unifor did not result in an agreement.

Former Anglo exec joins Woodside board

Published: 03 Jun 24

Australian energy major Woodside has appointed Tony O’Neill as a nonexecutive director with effect from June 3. "We continually review our board composition to ensure that Woodside's board is best placed to support Woodside's global operations and strategic growth opportunities,” said chairperson Richard Goyder on Monday.

Miner dies in Virginia coal mine accident

Published: 03 Jun 24

Metallurgical coal producer Coronado Global Resources halted production at the Buchanan underground complex in Virginia, US, on Friday evening, after a 27-year old miner lost his life when a loose rock fell about 2 m from the mine roof. The Virginia Energy Department, currently investigating the incident, reported that the victim was working as the evening shift roof bolter. Roof bolters play a crucial role in ensuring mine safety by securing the roof where coal has been extracted.

Russia said to seek takeover of France’s uranium assets in Niger

Published: 03 Jun 24

Russia is seeking to take over uranium assets in Niger held by a State-controlled French company, according to people informed about the matter, in a further challenge to Western interests in Africa. Rosatom, Russia’s State nuclear company, has had contacts with Niger’s military-led authorities about acquiring assets held by France’s Orano, according to a person in Moscow familiar with the matter, who asked not to be named because the discussions are private. A western diplomat based in the region said talks were likely centered around mining permits. Niger accounted for about 4% of global uranium mine production in 2022, according to the World Nuclear Association.

Freeport Indonesia raises output target, awaits new export permit

Published: 03 Jun 24

Copper miner Freeport Indonesia has raised its output guidance for the year as it awaits an extension of its copper concentrate export permit that the government has promised, the company's deputy chief executive told parliament on Monday. Its copper concentrate output target this year was lifted to 3.78-million metric tons, assuming the export permit extension is approved, from an initial 2.84-million tons, the deputy CEO Jenpino Ngabdi said.

South Korea's Yoon hosts Africa summit to tap minerals, vast export market

Published: 03 Jun 24

Africa's rich mineral resources and its potential as a vast export market are at the top of South Korea's agenda as it hosts a summit with the leaders of 48 nations this week with plans for aid on industrial infrastructure and digital transformation. Africa is a "crucial partner" for South Korea to further its industrial advances and "cooperation with Africa is not a choice but a necessity", President Yoon Suk Yeol's deputy national security adviser Kim Tae-hyo said.