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DWS postpones Lower Sundays Canal rehabilitation
Published: 07 Jun 24
The Department of Water and Sanitation (DWS) has postponed the emergency rehabilitation on parts of the Lower Sundays River Canal, in the Eastern Cape, in the aftermath of flooding events. The department had planned to close sections of the canal, which forms part of the Lower Sunday’s Government Water Scheme, for a three-month period from June 10 until August 15 for the urgent rehabilitation work.
Israel risks losing Colombian coal supplies over Gaza war Israel risks losing Colombian coal supplies over Gaza war
Published: 07 Jun 24
Colombia’s trade ministry is calling for a restriction on coal sales to Israel in the latest bid to isolate the Jewish state as the death toll rises in its Gaza campaign. The ministry made the recommendation to “limit” shipments of the fuel to a committee that rules on tariffs and foreign trade, according to an internal document seen by Bloomberg and a person with direct knowledge of the matter.
Newmont CEO Tom Palmer Newmont CEO says divestment of non-core assets progressing well
Published: 07 Jun 24
Newmont CEO Tom Palmer said on Thursday the gold miner's plans to divest eight non-core assets and trim its workforce to cut debt following its $17.14-billion purchase of Newcrest were progressing well. "(We are) quite excited about the level of interest in each of those assets," Palmer told reporters in Melbourne.
Processing equipment at Santa Barbara Aguia outlines reopening plans for Colombia's Santa Barbara mine
Published: 07 Jun 24
ASX-listed Aguia Resources has announced a comprehensive work programme for the reopening of the high-grade Santa Barbara gold mine, in Colombia. This update follows Aguia's successful takeover of Andean Mining, the 100% owner of Santa Barbara.
Gold bars poured at the Chatree mine Kingsgate marks first gold pour at refurbished Chatree plant
Published: 07 Jun 24
Gold miner Kingsgate Consolidated has announced its first gold pour at the newly refurbished Plant #1 at the Chatree mine, in Thailand. The company reported on Friday that the first four doré bars were successfully poured, with both the elution circuit and the refurbished gold room operating smoothly.
New copper fund revives controversial product New copper fund revives controversial product
Published: 07 Jun 24
Sprott has launched a $100-million fund that will buy and hold physical copper, marking a comeback for a class of investment product that has in the past been highly controversial among investors and regulators. The new Sprott Physical Copper Trust started trading on the Toronto Stock Exchange on Thursday. Sprott, which already has successful funds backed by physical gold, silver, platinum, palladium and uranium, said in a prospectus that it would be “the world’s first physical copper fund.”
Brazil seeks $20.7bn from Vale, BHP over 2015 dam collapse
Published: 07 Jun 24
Brazil's government presented on Thursday a counteroffer requesting that miners Vale and BHP and their joint venture Samarco pay 109-billion reais ($20.74-billion) as reparations for a tailings dam collapse in 2015. The proposal is higher than a previous offer from the miners to pay the federal and local governments 72-billion reais to settle reparations for the disaster in the town of Mariana, Minas Gerais state.
Canada's oil sands CEOs push back against proposed oil and gas emissions cap Canada's oil sands CEOs push back against proposed oil and gas emissions cap
Published: 07 Jun 24
Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told lawmakers in Ottawa on Thursday. Executives from Suncor Energy, Imperial Oil, Cenovus Energy, Enbridge and Shell appeared via videolink before a House of Commons committee to answer questions on their efforts to cut emissions.
a group of women, involved in teh Platinum-group metals mining sector stood in front of a banner at an event Spotlight on women in mining
Published: 07 Jun 24
Embracing the contributions of women in mining, and especially those in the mining of platinum-group metals (PGMs), can offer many benefits, reports women-centric network Women in PGMs (WiPGMs) chairperson and independent precious metals consultancy Metals Focus director Wilma Swarts. Swarts will present the fifth session on the second day of this year’s London Indaba, set to take place on June 25 and 26 at the InterContinental Park Lane Hotel, in London.
A black and white image of a metal ore Three new members join global mining organisation
Published: 07 Jun 24
Global CEO-led mining and metals industry body the International Council on Mining and Metals (ICMM) reported in March that it had welcomed three new association members, which “share ICMM’s vision for a safe, just and sustainable world enabled by responsible production of minerals and metals,” says ICMM CEO Rohitesh Dhawan. The new members include industry bodies the Canadian Institute of Mining, Metallurgy and Petroleum (CIM); the Federation of Chamber of Mines (EFEDCOM), which is a sub-regional chamber of the Economic Community of West African States (ECOWAS); and the International Chromium Development Association (ICDA).
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