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Richard Adkerson US must improve copper mine permitting process, Freeport CEO says
Published: 19 Mar 24
The US must improve its mine permitting process if it hopes to boost domestic supplies of critical minerals to power the clean energy transition, the CEO of copper giant Freeport-McMoRan said on Monday. "The US government needs to stop giving lip service to permitting," Richard Adkerson told Reuters on the sidelines of the CERAWeek energy conference in Houston.
Miners getting ready to start their shift at Zimplats' Bimha mine Implats’ Zimbabwe unit plans voluntary job cuts to contain costs
Published: 19 Mar 24
Impala Platinum Holdings’ Zimbabwean unit is offering staff voluntary redundancy packages to cut costs because of anemic metal prices. Weak platinum group metal prices are projected to last for the next 12 to 18 months, Zimplats Holdings CEO Alex Mhembere said in a staff circular dated March 18 that was confirmed by the company. The producer is beginning “a voluntary retrenchment exercise for all employees wishing to be considered,” which may “mitigate the need for a compulsory retrenchment,” the circular said.
Reward confirms unsuccessful bid for Beyondie project Reward confirms unsuccessful bid for Beyondie project
Published: 19 Mar 24
The share price of Reward Minerals plunged 40% on Tuesday as the company confirmed its failed bid for the Beyondie sulphate of potash project, in Western Australia. Reward has been unable to secure sufficient funding to complete the acquisition.
Gold bars Dirty gold can still slip into London market, rights groups say
Published: 19 Mar 24
The London Bullion Market Association (LBMA), which sets standards for the world’s most established gold market, needs to do more to exclude gold linked to human rights abuses or criminality from its supply chain, rights groups said on Monday. Refineries vetted by the LBMA still source gold from “questionable suppliers and mines” and are not tackling “serious human rights violations and environmental degradation," a collection of eight organisations that analyse mining, led by Swissaid, said in a letter to the LBMA, seen by Reuters.
FireFly strengthens board to drive copper growth plans
Published: 19 Mar 24
Emerging copper/gold company FireFly Metals is fortifying its leadership team with the appointment of Kevin Tomlinson as nonexecutive chairperson. Tomlinson, who has been serving as a nonexecutive director, has had a long and distinguished career as a public company director and investment banker specialising in the resources industry. He is currently nonexecutive chairperson of ASX-listed Bellevue Gold.
Leadership transition at Poseidon Nickel
Published: 19 Mar 24
Having overseen the proposed sale of the Lake Johnston assets and implemented substantial cost-saving initiatives, CEO Craig Jones is departing Poisedon Nickel. “With the divestment of Lake Johnston, Black Swan remaining on care and maintenance, the shift back to exploration and the continued focus on cost reduction, Jones who has a strong operational background, has decided to seek other opportunities,” said chairperson Peter Harold on Tuesday.
Sandfire’s early growth and success stemmed from the discovery of the high-grade DeGrussa copper/gold deposit, in Western Australia. Sandfire announces $200m credit line
Published: 19 Mar 24
Australia-headquartered Sandfire Resources on Tuesday announced a $200-million corporate revolver facility (CRF), with some of the proceeds going towards paying off a facility linked to its Matsa acquisition in Spain. The company established the CRF under a syndicated facility agreement with Australia and New Zealand Banking Group, Citibank, Natixis and Societe Generale.
GoviEx appoints FEED contractor, starts initial ground works at Niger project
Published: 18 Mar 24
TSX-V-listed GoviEx Uranium has appointed SGS Bateman to undertake the front-end engineering design (FEED) for the Madaouela mine, in Niger. The project is also moving forward with initial ground works, including the construction of an access road, which will be followed by comprehensive site clearance and terracing, and then initial civil engineering construction.
Mining operations at Hummingbird’s Kouroussa mine temporarily suspended
Published: 18 Mar 24
The principal contract miner at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea has temporarily suspended mining operations as of March 17 as a result of various contractual disputes. Hummingbird says the contract miner’s action is in breach of the mining contract.
Lulo alluvial resource increases carats by 48%
Published: 18 Mar 24
After accounting for mining depletion of 30 585 ct during the 2023 calendar year, ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas & Petalas have reported that alluvial exploration activities undertaken during the year increased the Lulo alluvial resource in-situ carats by 48% to 228 400. The diluted gravel, or ore, volume in the updated Lulo alluvial resource is equivalent to eight years of production at Lulo’s planned mining and processing capacities.
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