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Five killed after informal gold mine collapses in northern Kenya
Published: 27 May 24
At least five people were killed and several others were missing after an informal gold mine collapsed in northern Kenya, officials and local media said. The bodies of five miners have been recovered from the Hillo artisanal mine, and another three people were unaccounted for, regional commissioner Paul Rotich told Reuters by telephone late on Friday.
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Astute starts drilling campaign at Red Mountain, Nevada
Published: 27 May 24
Australia-listed Astute Metals has initiated a maiden drilling campaign at its Red Mountain lithium project, in Nevada.
“We are excited to be drilling again in Nevada as our lithium growth strategy in North America continues to advance,” commented chairperson Tony Leibowitz.
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Uncertainty over coal jobs ahead of South Africa elections
Published: 27 May 24
Growing up surrounded by the towering smokestacks of coal-fired power stations, 22-year-old Siya Mokoena's life is inextricably linked to the coal industry that dominates his hometown of Emalahleni in South Africa's eastern province of Mpumalanga. Like many in Emalahleni, generations of Mokoena's family have worked in the coal sector. His father, a miner, was laid off in March when his mine was shut down.
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South32 strikes Queensland earn-in deal with Hammer
Published: 27 May 24
Diversified mining company South32 is set to earn into ASX-listed Hammer Metals’ Isa Valley project, in north-west Queensland.
Hammer unveiled the earn-in agreement on Monday, stating that South32 has an option to earn an 80% interest in the project and form a joint venture.
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Polymetal and MAC form Cobar mine alliance
Published: 27 May 24
The stock of ASX-listed base metals miner Polymetals Resources jumped 21% on Monday as the company announced a strategic alliance with, and investment by, ASX- and NYSE-listed Metals Acquisition (MAC).
Polymetals aims to reopen the Endeavor zinc mine, which is about 30 km north of MAC’s CSA copper mine, near Cobar, in New South Wales.
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Grupo Mexico's Asarco to reopen US copper smelter amid surging prices
Published: 27 May 24
Asarco, the mining company controlled by industrial conglomerate Grupo Mexico, is planning to restart its mothballed copper smelter in the United States as prices for the red metal hit record highs, two sources with direct knowledge of the company's plans told Reuters.
Asarco, first bought by Grupo Mexico in 1999, is in negotiations with unionized workers to restart the Hayden smelter in Arizona and nearby copper mines, as well as the Amarillo refinery in Texas, the sources said.
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BlackRock encouraged Anglo to extend talks with BHP, source says
Published: 27 May 24
Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6-billion pound ($49.18-billion) mining merger, a person familiar with the matter told Reuters on Saturday.
BHP, the world's biggest listed mining group, now has until May 29 to make a firm bid for Anglo American or it will be forced to walk away for at least six months under the UK's takeover rules after it was granted a one-week extension on Wednesday.
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China defies global copper squeeze with near-record production
Published: 27 May 24
The global copper market is gripped by fears of a shortage, which has propelled prices to record levels and sparked a $49-billion takeover battle. But in China, the world’s biggest producer and consumer of the refined metal, there’s more than enough to go around.
At the center of that conundrum are the nation’s ever-expanding copper smelters. The industry is maintaining production at near-record levels — defying a scarcity of raw materials — as higher prices unlock more scrap metal for processing.
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Lack of funding remains a big concern for coal juniors
Published: 24 May 24
Amid challenging market conditions, junior coal miners in Africa face challenges in securing funding, with about 70% experiencing constraints in exploration and production owing to insufficient financing, said coal procurement and mining development company Alpha Resources and Investments CEO Selim Kaymak, citing statistics from a Mining Technology report. During a presentation at the Junior Mining Indaba on May 22, Kaymak discussed the implications of a challenging coal mining market for junior miners. In his presentation, he cited a Minerals Council South Africa statistic that junior coal miners are significant players in South African coal production, contributing up to 30% of South Africa’s overall output.
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Social elements of ESG in mining more complex, but an established part of mining's legacy
Published: 24 May 24
While there are increasingly complex regulatory requirements governing the social obligations of mines, regulations are only catching up to what some mining companies are doing to benefit mine communities and stakeholders. Mining companies understand the need to obtain a so-called 'social licence to operate' from communities in an area, and many of them also conform to international regulations, such as stock exchanges' environmental, social and governance (ESG) reporting rules, as well as international norms and expectations in terms of their social obligations.
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Solar farm project, South Africa
Published: 24 May 24
Iron-ore briquette plant, Spain
Published: 24 May 24
Peripheral ring road, Peru
Published: 24 May 24
BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as a deadline...
Nigeria's Dangote refinery plans London and Lagos listings by end 2024
Published: 28 May 24
Nigeria's Dangote refinery is aiming for a dual listing on the London and Lagos bourses by the end of this year, a senior executive said on...
Rand strengthens on eve of national election
Published: 28 May 24
The South African rand strengthened a day before a national election on Wednesday which could see the ruling party lose its majority for the first...
