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Blue Sky sets Ivana uranium deposit on production path with COAM transaction

Published: 11 Jun 24

Uranium exploration and development company Blue Sky has announced a transaction that could set the path to bring the Ivana uranium deposit, in Argentina, into production. Blue Sky has entered a binding term sheet with Argentinian firm Corredor Americano (COAM) to complete an option agreement in respect to the Ivana deposit.

Canadian govt invests C$10m in Ontario critical mineral projects

Published: 11 Jun 24

Energy and Natural Resources Minister Jonathan Wilkinson on Monday announced two investments of C$5-million each to support the critical minerals sector in Canada, specifically in northern Ontario. The funding recipients are the Mining Innovation Rehabilitation and Applied Research Corporation (MIRARCO) and Electra Battery Materials (Electra).

Weak economy weighed on construction in the first quarter – ACI

Published: 11 Jun 24

The Afrimat Construction Index (ACI) declined to a level of 103.7 in the first quarter of this year, down from 117.3 in the fourth quarter of 2023 and 105 in the first quarter of 2023. Economist Dr Roelof Botha, who compiles the ACI on behalf of JSE-listed mid-tier mining and materials company Afrimat, says the country's weak economic growth in the first quarter was evident in the construction sector, with eight of the ten constituent indicators of the ACI having recorded year-on year declines, and the ACI growth rate having slipped below zero.

Premium Nickel raises C$27.5m for Botswana projects amid strong investor interest

Published: 11 Jun 24

Canadian mining company Premium Nickel Resources will raise C$27.5-million through an upsized private placement offer, the company announced on Monday. This is an increase from the initial C$15-million offering, reflecting strong interest, primarily from existing shareholders, said the TSX-V-listed firm.

Natural disasters emerge as top risk consideration for professionals in construction, property

Published: 11 Jun 24

Thirty-eight percent of 3 000 risk management professionals and business leaders agree that natural catastrophes, fire and explosion risks are emerging as primary concerns in the engineering, construction and real estate industries. According to Allianz Risk Barometer, respondents to its survey said natural disaster risks were followed by business interruption, macroeconomic developments and cyber-incidents as concerns with 28%, 21% and 19% of respondents citing as such, respectively.

Volkswagen, Isuzu pour cold water on South Africa’s EV ambitions

Published: 11 Jun 24

Volkswagen and Isuzu Motors have expressed skepticism about South Africa’s plans to develop electric and hydrogen-powered vehicle industries. While the government in February announced that automakers will be allowed to claim a 150% tax deduction on investment in facilities to make the vehicles, the local heads of both companies said they’ll stay focused on internal combustion engine vehicles.

Accreditation Day underlines importance of the SANAS

Published: 11 Jun 24

In the current environment of fast-paced technological advancement, accreditation can enable organisations to embrace new technologies and drive innovation, as it provides a framework of trust and reliability. This was highlighted by speakers during the South African National Accreditation System’s (SANAS') 2024 World Accreditation Day breakfast, held in Centurion on June 10, under the theme “Empowering Tomorrow and Shaping the Future”.

Eskom arrests suspected coal-swapping thief

Published: 11 Jun 24

State-owned power utility Eskom says the security investigation team at its Arnot power station has arrested a truck driver, who is suspected of having participated in the swapping out of coal destined for the power station with lower-quality product. On June 8, a tactical team spotted a truck loaded with coal to be delivered to Arnot entering a coal yard in Middelburg and then leaving after about an hour.

Codelco copper output hit by lingering effects of rock collapse

Published: 11 Jun 24

Codelco attributed a sharp drop in production at its top mine to the lingering effects of a rock collapse last year as the world’s No. 1 copper supplier strives to reverse slumping output. “This situation was foreseen in annual planning and does not affect the committed production budget,” the state-owned company said in a written response to questions about the massive El Teniente mine.

Rio Tinto ups stake in Australia's second-biggest aluminium smelter

Published: 11 Jun 24

Commodities giant Rio Tinto will increase its interest Boyne Smelters (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia, to 73.5%. The company has agreed to acquire Mitsubishi’s 11.65% interest in BSL. This follows the recent agreement to acquire Sumitomo Chemical Company’s 2.46% interest in BSL.