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Firebird receives safety permit for Chinese project

Published: 28 May 24

ASX-listed Firebird Metals’ subsidiary Hunan Firebird Battery Technologies has received a safety permit for Stage 1 of a proposed battery-grade manganese sulphate plant in China. The plant will use third-party manganese ore to produce high-purity manganese sulphate.

Capital reveals 19% emissions reduction in inaugural sustainability report

Published: 28 May 24

London-listed mining services company Capital has published its inaugural Sustainability Report for the year ended December 31, 2023, wherein it is revealed that the group managed to reduce its overall Scope 1 and 2 emissions by 19%. “I . . . introduce our first standalone sustainability report for 2023, demonstrating sustainability progress made across the group and providing greater transparency with respect to our [environmental, social and governance] performance.

Lucapa, partners recover 195 ct diamond from Lulo

Published: 28 May 24

ASX-listed Lucapa Diamond Company and its Lulo alluvial mine partners Endiama and Rosas and Petalas have announced the recovery of a 195 ct Type IIa diamond from the Lulo mine, in Angola. The diamond is the sixth-largest to be recovered from the Lulo alluvial operations since mining started in 2015.

South African rand stable, national election looms

Published: 28 May 24

The South African rand was stable in early trading on Tuesday, against a weaker dollar and ahead of a national election on Wednesday which could see the ruling party lose its majority for the first time in 30 years. At 07:09 GMT, the rand traded at 18.3725 against the dollar, around 0.1% stronger than its previous close.

Berkeley seeks $1bn in damages from Spain over uranium mine dispute

Published: 28 May 24

Australian mining group Berkeley Energia said on Tuesday it had filed a request for an arbitration to seek $1-billion in damages from the Spanish government after it refused to give final approval for its uranium mine project. The Retortillo project, Berkeley's main asset, received preliminary approval in 2013, but Spain's Energy Ministry refused to approve the project located near the central city of Salamanca first in 2021 and again in 2023.

Adriatic to raise $50m

Published: 28 May 24

Silver developer Adriatic Metals has announced a $50-million institutional placement to optimise its balance sheet while ramping up the Vares operation in Bosnia and Herzegovina. The company, which is listed on the ASX, LSE and OTCQX, will issue about 18.3-million CHESS depositary interests (CDIs) over new fully paid shares in the company. The offer price of A$4.15 per CDI represents a discount to the five-day volume weighted average price on the ASX on May 24.

Sierra Nevada reviews assets, focus shifts to Blackhawk

Published: 28 May 24

Australia-listed Sierra Nevada Gold has announced a strategic review of its assets, exploring options such as joint ventures, strategic partnerships or project sales. The company has five 100%-controlled projects in Nevada, comprising four gold and silver projects and a large copper/gold porphyry project.

Resolute mining operation in West Africa

Resolute appoints mining veteran Wray to succeed Botha as chairperson

Published: 28 May 24

Australia- and London-listed Resolute Mining has appointed Andrew Wray nonexecutive director. He will also succeed chairperson Martin Botha when he retires at the end of August.

Post-Covid, China is back in Africa and doubling down on minerals

Published: 28 May 24

China's flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus, according to a Reuters analysis of lending, investment and trade data. Chinese leaders have been citing the billions of dollars committed to new construction projects and record two-way trade as evidence of their commitment to assist with the continent's modernisation and foster "win-win" cooperation.

AngloGold expands position in NSW gold/copper province

Published: 28 May 24

Gold major AngloGold Ashanti is expanding its interests in the Macquarie Arc, New South Wales, with another earn-in and joint venture (JV) agreement. The Macquarie Arc is considered a premier porphyry gold/copper province and hosts several major mines, including the country’s biggest gold mine Cadia.