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Underground construction employee dies at Harmony's Mponeng mine

Published: 02 May 24

Gold miner Harmony Gold Mining Company reports that an underground construction employee, working on planned rail maintenance, was killed at its Mponeng mine near Carletonville, in Gauteng, on May 1. The nature of the incident that led to the fatality is under investigation.

Diamcor announces C$1.5m private placement

Published: 02 May 24

Diamond mining company Diamcor Mining plans to complete a non-brokered private placement financing of up to C$1.5-million, and anticipates that an aggregate of up to C$1.25-million of the financing will be subscribed to by existing larger shareholders, management and directors. The company says the financing will consist of up to 30-million units at a price of C$0.05 each, with each unit consisting of one common share of the company and one common share purchase warrant.

Akobo says production start-up date in Ethiopia uncertain

Published: 02 May 24

Scandinavian gold exploration and mining company Akobo Minerals has informed shareholders of the progress it is making in solving recent challenges with nationwide fuel supply disruptions and new customs procedures, finally enabling full site activity at its Segele mine, in Ethiopia. Production start-up is, however, still uncertain, but has been delayed to July or August.

Thungela announces passing of Thero Setiloane

Published: 02 May 24

Johannesburg Stock Exchange-listed coal mining company Thungela Resources has announced the passing of Thero Setiloane, who served as an independent nonexecutive director of the company. “His contribution to the group, his in-depth knowledge of the mining sector, and his warm personality will be missed,” Thungela stated in a Stock Exchange News Services announcement on Thursday.

Galileo receives second payment from Afrimat for Glenover business, last payment expected soon

Published: 02 May 24

London-listed Galileo Resources has confirmed receipt of a second payment totalling R48-million, or £2.1-million, from JSE-listed diversified miner Afrimat in its option to buy shares in Glenover Phosphate. The agreement between the companies signed in December 2021 entailed Afrimat exercising an option to acquire Glenover through shares and shareholder loans, in which Galileo had a 30% direct and 4.9% indirect interest through a company called Galagen.

An image showing the Sabodala-Massawa expansion project

Endeavour progresses strategic objectives in first quarter

Published: 02 May 24

Multinational miner Endeavour Mining, which owns and operates gold mines in Côte d’Ivoire, Burkina Faso and Senegal, continued to make progress against its strategic objectives in the first quarter of this year, CEO Ian Cockerill says. “Our operational performance is tracking in line with our group guidance, as production and costs are expected to progressively improve throughout the year, with performance strongly weighted towards the second half, as our two organic growth projects ramp up, and we expect significantly stronger performance from our Houndé mine,” he notes.

Anglo bidder BHP intends maintaining long-standing JSE listing

Published: 02 May 24

Diversified mining major BHP, which has made a rejected proposal to combine with Anglo American by way of a scheme of arrangement, confirmed on Thursday that it intended maintaining its multi-decade listing on the Johannesburg Stock Exchange (JSE). BHPalso emphasised that, under its Anglo proposal, South Africa would continue to benefit from Anglo American Platinum and Kumba Iron Ore operating as independently listed South African companies investing in local operations, communities, and jobs.

Chinese miners see opportunities as BHP’s mega bid unfolds

Published: 02 May 24

China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39-billion approach for rival Anglo American, potentially the largest mining deal in over a decade. The world’s top consumer of commodities including copper and iron-ore, China and its regulators play a key role in any global resources combination. In the aftermath of last week’s proposal, its mining companies are still trying to understand the exact configuration of a deal that is still in flux.

Lower prices impact on Tshipi mine’s profitability in Q3, but operational performance intact

Published: 02 May 24

Despite a 25% quarter-on-quarter and 11% year-on-year decrease in production in the quarter ended March 31, ASX-listed Jupiter Mines’ 49.9%-owned Tshipi é Ntle Manganese Mining subsidiary remains on track to achieve guided full-year volumes of between 3.3-million and 3.4-million tonnes of shipped ore. Quarterly production was 749 598 t.

SA mines get first look at private 5G in action

Published: 02 May 24

Fixed-wireless access provider Comsol has showcased the capabilities of private fifth-generation (5G) infrastructure to South African mining companies at its Midrand premises to demonstrate multiple indoor and outdoor use cases, with clients actively involved in the tests. Hosting immersive, practical private client days for the industrial and mining sectors, Comsol opened the doors for teams from various local mines to experience the potential and use cases of the relatively new technology in person.