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Gold bars April was strong for gold but ‘staglaftion’ concerns abound – WGC
Published: 08 May 24
According to the World Gold Council (WGC), gold had another good month in April, posting a 4% gain and ending the month at $2 307/oz. “Unlike March, gold finished off its intra-month high from probable buyer reticence and profit-taking, reflected in falling Chinese premia, lower Indian imports and flat-lining Comex positioning.
West African progresses bulk earthworks, tailings dam construction at Kiaka
Published: 08 May 24
ASX-listed West African Resources has made significant progress on its Kiaka gold project, in Burkina Faso, as construction continues to advance on the 219 000 oz/y operation. In particular, the company is nearing completion of a water storage dam and bulk earthworks for a mining services area.
Sovereign reports ‘excellent’ graphite testwork results
Published: 08 May 24
ASX- and Aim-listed Sovereign has reported “excellent” results from graphite testwork completed at multiple independent laboratories in Australia, Canada and South Africa using a conventional flowsheet that was consistent across all laboratories. The company believes this confirms its ability to produce a high-quality graphite concentrate.
Black Cat releases updated study for ‘cash cow’ Paulsens Black Cat releases updated study for ‘cash cow’ Paulsens
Published: 08 May 24
ASX-listed Black Cat Syndicate has released the May 2024 restart study for the Paulsens gold mine, which details substantially higher returns than the November study on the back of a stronger gold price. The latest study is based on a gold price of A$3 500/oz, compared with A$2 900/oz in November 2023, which bolstered operating cash flow by 81% to A$201-million.
Boss prepares for first Honeymoon sales
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.
Gold Fields CEO Mike Fraser South Deep wind power decision drawing closer, Q2 update likely on backfill problem Has Video
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.
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