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MC Mining acknowledges Goldway’s plans to buy all outstanding shares

Published: 24 May 24

ASX-, JSE- and Aim-listed MC Mining has acknowledged the announcement made on May 22 by investment firm Goldway Capital Investment regarding an offer to compulsorily buy out certain ordinary shares in MC Mining following Goldway's recent off-market takeover offer. The terms of the buy-out offer mirror those of the initial takeover offer. The consideration for the buy-out offer stands at A$0.16 a share.

Municipalities, mines share the risk of tailings failures – SRK

Published: 24 May 24

Municipalities share the risk of tailings dam failure with mines, consulting firm SRK Consulting has pointed out, noting that the latest global standards reiterate how municipalities must play an important role in the emergency response and recovery efforts after such incidents. Local government in South Africa has a legal responsibility for any disaster in its jurisdiction, imposed by the country’s Disaster Management Act and the Disaster Management Framework.

Aris Mining plans smaller-scale Soto Norte development, ups stake to 51%

Published: 24 May 24

Toronto- and New York-listed Aris Mining is set to increase its shareholding in the Soto Norte project, in Colombia, to a controlling interest of 51%. The company will acquire an addition31% joint venture (JV) interest in the copper/gold project in a share transaction. Aris will issue 15.75-million shares to Abu Dhabi-based investment group Mubadala, representing about 9.9% ownership, with a further six-million shares to be issued on receipt of an environmental licence. Aris also unveiled a new, smaller-scale development plan for Soto Norte, which is said to be one of the biggest undeveloped underground gold projects in South America.

Emmerson pleased with innovative processing method to be used at Morocco project

Published: 24 May 24

Aim-listed potash development company Emmerson’s main priority at this time is obtaining environmental approval for the Khemisset project, in Morocco. The company advises that a scoping study published in February identifies a novel processing route for the project, called the Khemisset multimineral process, which reduces the site’s environmental impact.

Lundin links $2.55bn credit and loan facilities to ESG performance

Published: 24 May 24

Canadian base metals company Lundin Mining has amended terms of two credit facilities – a $1.75-billion revolving credit facility and a $800-million term loan – to implement a sustainability-linked loan structure. The sustainability-linked loan structure incentivises reduced greenhouse gas emissions and thriving communities, which focuses on community relations as a core element of a mining company’s social licence to operate.

Hawsons Iron appoints new CEO

Published: 24 May 24

Iron-ore developer Hawsons Iron has appointed Tom Revy as CEO, replacing Bryan Granzien who is retiring. Revy has more than 35 years’ experience in the resources sector, having previously held senior roles at MIM Holdings, GRD Minproc and Worley Parson.

Manganese mining, local processing and green hydrogen make headlines

Published: 24 May 24

Mining Weekly Editor Martin Creamer unpacks the importance of South Africa locally processing its manganese ore, discusses private investment company Menar's plans to grow its manganese mining and processing operations in South Africa and Gabon and provides an update on Hive Hydrogen's efforts to secure solar energy for its R105-billion green hydrogen and green ammonia project in the Eastern Cape.

Australian natural gas industry seeks policy repairs to boost investment

Published: 24 May 24

Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and curb soaring energy prices. While most executives at the Australian Energy Producers Conference in Perth were broadly in favour of the Australia Future Gas strategy unveiled by the government this month, they called for immediate action and improvements to the policy to avoid new gas supply shortfalls.

Equinox marks first gold pour at Greenstone mine

Published: 24 May 24

Canadian miner Equinox Gold has successfully poured its first gold at the newly built Greenstone mine, in Ontario. The inaugural gold pour occurred on schedule, with the recovery circuit yielding 1 800 oz of gold. Equinox reports that all equipment functioned as expected during the process.

Hecla appoints interim CEO as Baker resigns

Published: 24 May 24

Silver producer Hecla Mining on Thursday announced the appointment of Catherine Boggs as interim president and CEO with immediate effect, succeeding Phillips Baker, who is stepping down after 23 years at the company. Boggs, who is currently chairperson, will be assisted in management the affairs of Hecla by a committee comprising senior CFO VP Russell Lawlar, VP of operations Carlos Aguilar and senior VP – chief administrative officer Mike Clary.