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Speakers who participated in a Mine Water webinar hosted by Creamer Media.

Speakers highlight focus areas to tackle mine water challenges

Published: 23 May 24

South Africa has made considerable strides in addressing mine water challenges; however, it is imperative that these efforts are bolstered and improved upon, through aligning research with implementation, ensuring that the correct processes are in place and adapting the regulatory environment to be more conducive for the reuse and management of mine water. This was highlighted by speakers participating in Creamer Media’s Mine Water webinar, held on May 22.

PGM prices impact on Tharisa’s first-half profit, but market fundamentals are ‘solid’

Published: 23 May 24

JSE-listed platinum group metals (PGM) and chrome producer Tharisa has reported a 20% year-on-year decrease in net profit after tax, at $38.8-million, for the six months ended March 31, compared with the $54.7-million net profit reported for the six months ended March 2023. The group declared an interim dividend of $0.015 apiece, compared with $0.03 apiece in the prior comparable period.

Hudbay upsizes bought-deal offering

Published: 23 May 24

Base metals company Hudbay Minerals has increased the size of its previously announced equity offering from $300-million to $350-million. Underwriters will now buy 36.84-million shares at $9.50 each in the bought-deal offering.

Faraday Copper raises C$20m

Published: 23 May 24

Canadian company Faraday Copper on Wednesday announced a C$20-million bought-deal financing to advance the exploration and development of its Copper Creek project, in Arizona, US. Faraday entered into an agreement with Ventrum Financial Corp as co-lead underwriter and joint bookrunners for the purchase of 25-million shares at C$0.80 a share.

Petra signs PPAs to procure wheeled renewable energy for Cullinan, Finsch

Published: 23 May 24

Diamond producer Petra Diamonds has entered into long-term power purchase agreements (PPAs) for the procurement of wheeled renewable energy for its Cullinan and Finsch diamond mines from licenced South African energy trader Etana Energy. Etana provides cost-competitive clean energy from new large-scale renewable energy projects, mostly wind-based, through wheeling over the existing South African grid. The company has a portfolio of multiple ready-to-build and grid-secured wind and solar projects that are expected to come online over the course of 2025 and 2026.

Botswana Diamonds chairperson John Teeling

Botswana Diamonds expands its land holdings in the Kalahari

Published: 23 May 24

Diamond exploration company Botswana Diamonds has been granted four prospecting licences – covering just under 2 332 km2 – in the Kalahari of Botswana. The prospecting licences are in the same general area as Gem Diamonds' Ghaghoo mine, as well as Botswana Diamonds' own KX36 project.

De Beers reports lower fourth-cycle rough diamond sales

Published: 23 May 24

Diamond miner De Beers sold $380-million worth of rough diamonds during its fourth sales cycle of this year, compared with the $446-million of diamonds sold during the third sales cycle of this year. Sales were also lower than the $479-million of diamonds sold during the fourth sales cycle of 2023.

Graham Kerr says South32 is open to increasing its exposure in Southern Africa.

South32's CEO says open to buying joint Anglo manganese assets

Published: 23 May 24

Australian diversified miner South32 is open to buying Anglo American's share of two manganese operations the companies jointly own, should they come for sale at the right price, CEO Graham Kerr said on Thursday. Anglo is the subject of a takeover offer by the world's biggest listed miner BHP Group, which had previously owned those assets but spun them out with its 2015 demerger of South32.

Rio Tinto and Bougainville Copper face class action over mine impact

Published: 23 May 24

Miners Rio Tinto and Bougainville Copper (BCL) on Thursday confirmed that class action had been initiated against the companies in Papua New Guinea’s national court. The action, brought forth on behalf of Bougainville residents, aims to seek compensation for alleged environmental degradation and social harm attributed to the Panguna mine, which ceased operations in 1989 due to militant activities.

Sayona kicks off drilling at 'highly prospective' Tabba Tabba

Published: 23 May 24

North American lithium producer Sayona Mining has initiated reverse circulation (RC) drilling at its Tabba Tabba project, in Western Australia, where previous air core drilling identified potential pegmatite systems. A recently completed gravity survey has helped focus deeper RC drilling over two areas along a 7.5 km prospective corridor. The northern area is located immediately south of the historic Tabba Tabba tantalum mine, where recent exploration by Wildcat Resources has identified encouraging lithium mineralisation.