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Hudbay and unions sign agreement for Copper World mine project

Published: 07 Jun 24

TSX- and NYSE-listed Hudbay Minerals, in collaboration with several labour unions, has announced the signing of a letter of intent to enter into a project labour agreement (PLA) for the construction of the Copper World mine, in Arizona. The agreement involves the International Brotherhood of Boilermakers, Iron Ship Builders, Forgers and Helpers Local 627; the Laborers International Union of North America Local 1184; and the United Brotherhood of Carpenters and Joiners of America Local 1912.

Sibanye-Stillwater changes covenant flexibility of its credit facilities

Published: 07 Jun 24

JSE- and NYSE-listed Sibanye-Stillwater has announced that the lenders of its revolving credit facilities (RCFs), which include a $1-billion and a R5.5-billion RCF, as well as its Silicosis Guarantee Facility, have agreed to uplift the leverage covenant limits for all the facilities, which the company says further improves the flexibility of the facilities and the balance sheet. This follows proactive engagement by the company with its lenders, consistent with its publicly stated intent to ensure it is able to maintain sufficient financial flexibility and optionality, as required, through a possible extended period of low commodity prices, Sibanye avers.

Nevada Copper urgently seeks funding

Published: 07 Jun 24

Vancouver-based Nevada Copper said on Thursday that it urgently needed funding to maintain operations and complete the commissioning and ramp-up of its Pumpkin Hollow underground mine in Yerington, Nevada. The company has been in discussions with key stakeholders and other parties to secure funding or enter into a change of control transaction. However, Nevada Copper said it had not received a binding offer for such a transaction, nor any sufficient ordinary course funding to continue operations.

South Africa pioneered hydrogen haul truck.

World Hydrogen alerted to benefit of South Africa’s zero-emission hydrogen haul truck

Published: 07 Jun 24

One hydrogen haul truck eliminates the deleterious carbon emissions of the equivalent of 700 cars, First Mode global hydrogen sourcing director James Betts highlighted during this week’s World Hydrogen Australia webinar, where he spoke of the need for the hydrogen haul trucks to be conceived as bringing about a holistic decarbonisation of many aspects of mine sites rather than being viewed in isolation. “Just to give you a bit of context, these mine sites have many haul trucks running through them, so there's a huge amount of potential diesel saving.

Quality, design key to taking fibre to underserved markets

Published: 07 Jun 24

Underserved, low income and rural areas are the next frontier for fibre network operators; however to ensure high quality fibre connectivity is viable for these regions, quality components and clever design will be key. “The market has been quiet for the past six months, with slow growth in major metropolitans, where FTTX has been adopted by most of the middle and high-income market. We expect growth to pick up as operators roll out to smaller towns, rural areas and lower income communities,” said specialist end-to-end fibre solutions provider Dartcom fibre connectivity and management solutions product manager and fibre expert George Martin.

Water pollution, traceability, exploration fund make headlines

Published: 07 Jun 24

Mining Weekly Editor Martin Creamer discusses the role that Platinum Group Metal can play against water pollution; traceability in the mining sector and Petra Diamonds progress in this area; and the R400-million junior mining exploration fund.

Reflecting on Marokane's first 100 days as Eskom CEO

Published: 07 Jun 24

Engineering News editor Terence Creamer reflects on Dan Marokane's first 100 days in office as Eskom CEO and the direction Eskom is taking under his leadership.

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

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 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.