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Endeavour accused of misleading buyer of two African gold mines

Published: 16 Apr 24

Endeavour Mining has been accused by Lilium Mining of misrepresentation over the sale of two African gold mines, as the fallout from the tenure of ousted CEO Sebastien de Montessus continues. Lilium made the allegations after purchasing the Wahgnion and Boungou projects in Burkina Faso last June. It’s part of a counterclaim that alleges “misrepresentation and concealment of information relevant to the financial position and operating capabilities” of those mines, according to a statement from Lilium on Monday.

Hummingbird continues discussions with Corica, progresses with mining activities at Kouroussa

Published: 16 Apr 24

Amid ongoing discussions with mining services provider Corica, Aim-listed Hummingbird Resources says it is progressing with the restart and ramp-up of mining activities at the Kouroussa gold mine, in Guinea, with the goal of achieving commercial production as soon as possible. The company says it has continued to engage with Corica, seeking resolution to disputes between the companies that led to Corica halting work at Kouroussa last month.

Saldanha iron-ore terminal shut down for maintenance until Friday

Published: 16 Apr 24

State-owned Transnet Port Terminals’ (TPT’s) Saldanha Iron Ore Terminal has embarked on a five-day shutdown for the maintenance and servicing of equipment on two tipplers, starting on April 15. The tipplers, which are critical machines in the terminal’s operations, facilitate the offloading of iron-ore from train wagons onto conveyor belts before it is loaded into vessels scheduled for export.

A person using candles during power cuts

Stage 16 loadshedding code seeks to reduce human error not signal imminent surge in cuts – Nersa

Published: 16 Apr 24

The National Energy Regulator of South Africa (Nersa) has belatedly moved to quell concern that its recent approval of a new loadshedding code of practice, which increases the number of potential stages from eight to 16, represented a signal that the prospect for higher levels of loadshedding was imminent. Following extensive public consultations undertaken by the National Rationalised Specifications (NRS) Association of South Africa, the third edition of the NRS048-9 standard was approved by the regulator for use by Eskom and municipal system operators during times of electricity constraint.

Native American group seeks to overturn US court ruling on Rio's Arizona copper mine

Published: 16 Apr 24

A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted land to Rio Tinto for a copper mine in Arizona, saying the land was sacred and culturally significant. A ruling from a smaller group of the San Francisco-based 9th US Circuit Court of Appeals had earlier this month ruled that the federal government may give away thousands of acres in US state Arizona to Rio Tinto and minority partner BHP for the Resolution Copper project.

German coal mines emit much more methane than reported, study says

Published: 16 Apr 24

German coal mines spew 184 times more methane than what the country reports to the United Nations, according to a new analysis by Ember. The energy think tank used methodology developed by scientists that takes into account the gas content of coal and mining depths to estimate the emissions, which cast fresh scrutiny on Germany’s strategy of pivoting towards fossil fuels in the wake of Japan’s 2011 Fukushima nuclear disaster.

Philip Pascall, who died last year, was a savvy and charismatic leader

How a $10bn mine became a cautionary tale for the energy transition

Published: 16 Apr 24

When the group of mining executives arrived at Panama’s regal Palacio de las Garzas, they were ushered past the ornate, wood-paneled ceremonial rooms and straight to the private office of the President. This was December 2016, before the upswell of anti-mining protests that would throw the country into chaos, and the team from First Quantum Minerals were greeted as old friends. After all, they were building the country’s most important project since the Panama Canal had been opened a century earlier.

Barrick reports lower Q1 gold and copper output

Published: 16 Apr 24

Canada-headquartered Barrick Gold has announced its preliminary figures for the first quarter of 2024, reporting gold output of 940 000 oz and copper output of 40 000 t. Gold production fell by 12% quarter-on-quarter, which Barrick attributed to planned maintenance activities at its Nevada Gold Mines, in the US, and adjustments in mine sequencing across various sites.

Exceptional blue Cullinan diamond lifts latest Petra tender prices by 22%

Published: 16 Apr 24

The sale by Southern African diamond mining company Petra Diamonds of an exceptional blue diamond in its fifth tender cycle lifted the average prices per carat received 22% higher than those of the prior Tender 4 sale. The London Stock Exchange-listed company, headed by CEO Richard Duffy, reported on Tuesday that the price upliftment was the result of a remarkable14.76 ct exceptional clarity diamond, recovered from Cullinan diamond mine in Gauteng, fetching $8.2-million.

Drilling confirms proof of concept at African Pioneer, FQM’s Zambia JV

Published: 16 Apr 24

Exploration and development company African Pioneer has provided an update on exploration conducted and funded by First Quantum Minerals (FQM) during the six-month period to December 31 over licences in Zambia, with drilling confirming proof of concept that licences are in the right lithology confirming Congo-style mineralisation. The licences are within both the fold and thrust belt and Western Foreland, and are covered by the option agreement entered into by African Pioneer and FQM and which are held by African Pioneer’s 80%-owned subsidiary African Pioneer Zambia.