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Published: 08 May 24

Commissioning of the Honeymoon uranium project, in south Australia, is proceeding to plan, with key metrics exceeding feasibility study forecasts, Boss Energy MD Duncan Craib said on Wednesday. The outperformance, he said, was reflected in the results of the uranium-rich pregnant leach solution from the wellfields, ion exchange (IX) column resin loading and high-grade IX column eluate.

Tietto urges shareholders to accept Zhaojin bid or sell their shares

Published: 08 May 24

Hong Kong-based Zhaojin Capital has obtained enough acceptances for its off-market takeover bid to control the composition of ASX-listed Tietto Minerals’ board. As of May 6, Zhaojin held about 74.85% of Tietto's voting power.

South Deep wind power decision drawing closer, Q2 update likely on backfill problem

Published: 08 May 24

Mining company Gold Fields expects to be in a position to decide on the establishment of a wind power project at the South Deep gold mine, west of Johannesburg, in the third quarter of this year. The project is currently undergoing scoping and feasibility and one of the key pieces of work has been around its environmental impact in general and its effect on a bat colony that exists in the nearby area in particular, Gold Fields CEO Mike Fraser said in response to Mining Weekly at this week’s first-quarter results and environmental, social and governance (ESG) presentation. (Also watch attached Creamer Media video.)

An image of JSE chairperson Phuthuma Nhleko

JSE undertaking measures to mitigate de-listing, shrinkage

Published: 08 May 24

The JSE is undertaking several initiatives to mitigate de-listings and reduced market capitalisation, chairperson Phuthuma Nhleko said during the entity’s AGM on May 7. Speaking to Engineering News prior to the meeting, consultancy and research provider AmaranthCX director Paul Miller posited that the entire public market ecosystem was “withering” and that the JSE’s communication did not reflect the extent of this problem.

Indonesia says nickel reserves enough for expansion, despite moratorium call

Published: 08 May 24

Indonesia's nickel reserves are sufficient for expanded processing operations, an investment ministry official said on Wednesday, amid calls from a miners' group to curb construction of new smelters to ease a global glut. Indonesia banned exports of nickel ore in 2020 to encourage domestic value addition, resulting in massive investment to produce nickel pig iron (NPI) and material for electric vehicle batteries.

GoviEx hosts Minister at Madaouela to show its commitment to transparency, collaboration

Published: 08 May 24

TSX-V-listed GoviEx Uranium this week hosted a Ministerial delegation at its Madaouela uranium project, in Niger, amid ongoing discussions with government as the project development advances. Niger Mines Minister Ousmane Abarchi visited the site along with the governor of the Agadez region and local community officials.

Khan project exceeding Madison CEO’s expectations

Published: 08 May 24

Uranium exploration and development company Madison Metals CEO Duane Parnham has said the latest findings from the company’s Khan uranium exploration project at Madison West, in the Erongo uranium province of Namibia, have exceeded expectations. “We are on the cusp of something remarkable,” he said on May 7, following a recent visit to the site.

West Red Lake announces C$30m bought-deal offering

Published: 08 May 24

West Red Lake, the owners of the Madsen gold mine in Ontario, has announced a C$30-million bought deal public offering of units. The TSX-V-listed firm entered into an agreement with Raymond James as sole bookrunner to purchase 27.78-million units and 11.24-million charity flow-through units at C$0.72 per unit and C0.89 per charity flow-through unit.

De Grey raises A$600m for WA gold project

Published: 08 May 24

Western Australian gold explorer and developer De Grey Mining has launched a fully underwritten A$600-million equity raising, derisking the equity component of the financing for the Hemi project. The equity raising comprises a A$344-million institutional placement and a 1 for 7.95 prorata accelerated nonrenounceable entitlement offer to raise A$256-million.

Australia to spend A$566m on mapping out resource deposits

Published: 08 May 24

Australian Prime Minister Anthony Albanese has announced an investment of A$566-million over the next decade to bolster geoscientific research across the nation. The Geoscience Australia-led initiative, welcomed by industry bodies such as the Minerals Council of Australia (MCA) and the Association of Mining and Exploration Companies (Amec), aims to unlock the vast potential of Australia’s untapped geological resources.