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Saudi Ma'aden has extracted lithium from seawater, CEO says

Published: 22 May 24

Saudi Arabian Mining Company Ma'aden has successfully extracted lithium from seawater, although not at levels that are commercially viable and its project remains at the pilot stage, its CEO told Reuters on Tuesday. "We are actually producing lithium from seawater now," Robert Wilt said, without giving further details.

Antamina, controlled by Glencore, BHP, Teck and Mitsubishi, produced 435 378 t of copper last year, and hopes to maintain that level in 2024.

Peru's 2024 copper target is realistic, mining magnates say

Published: 22 May 24

The Peruvian government's 2024 copper production goal of three-million metric tons is realistic, senior industry executives said on Tuesday, as the country seeks to boost mining investments to help lift the economy out of recession. The South American country produced 2.76-million tons of copper last year, dropping its rank from first to second for global production of the red metal. It still ranks first globally for export volumes.

Solaris CEO blames 'counterproductive' Canadian policy for failed C$130m Zijin deal

Published: 22 May 24

Copper and gold company Solaris has decided against selling a minority stake to China’s Zijin Group, owing to concerns that the transaction – announced in January – would not meet Canada’s foreign investment standards within a reasonable timeframe. The transaction entailed Solaris’ selling a 15% stake to Zijin for C$130-million to support the development of the Warintza copper project, including the potential major purchase of an adjacent asset in Ecuador.

Opening Junior Indaba panel (from left) Lili Nupen, Tseliso Maqubela, Errol Smart, Mosa Mabuza, Bernard Swanepoel.

Latest cadastre agreement excites South Africa’s Junior Indaba panel

Published: 21 May 24

There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration regulation. “Pen was put to paper yesterday,” opening discussion chairperson and NSDV director Lili Nupen highlighted following the revelation of the SLA by Department of Mineral Resources and Energy deputy director-general and panelist Theliso Maqubela.

Southern Copper eyes start of stalled Peru mine project as soon as this year

Published: 21 May 24

Southern Copper hopes to begin construction as soon as this year at a once fiercely contested copper mine in Peru’s coastal mountains as socio-political tensions ease and authorities get behind the project. The company has had permits to build its Tia Maria project for years yet held back because of environmental opposition. A 2019 decision to approve its license unleashed weeks of protests and then-President Pedro Castillo called the mine a non-starter. The current government says it’s supportive.

Summit emphasises imperativeness of supporting SMMEs

Published: 21 May 24

Small, medium-sized and microenterprises (SMMEs) in the country are grappling with various challenges, including a lack of coordination between the public and private sectors, insufficient financial support, addressing the skills gap and empowerment through funding and government support. Despite this, SMMEs have often managed to remain resilient in the face of these challenges.

ESG just a new way of reporting on what mining companies have already been doing for years, panel says

Published: 21 May 24

When considering the challenges involved in junior mining companies living up to increasingly stringent environmental, social and governance (ESG) requirements and reporting standards, mining and environmental law firm Malan Scholes director Hulmes Scholes has noted that ESG is just a new term for reporting what mining companies already do. As such, junior miners need not be intimidated by it, he told delegates attending the Junior Indaba, in Johannesburg, on May 21.

Hive Hydrogen South Africa chairperson Thulani Gcabashe

South Africa's R105bn green hydrogen project to be energised by hot De Aar sunshine

Published: 21 May 24

South Africa’s R105-billion green hydrogen, green ammonia project in the Eastern Cape took another major leap forward on Tuesday with the announcement of its underpinning by a cluster of nine solar projects in the very high solar yielding area of De Aar. The giga scale 1 230 MW solar project is the co-development of a consortium made up of Hive Hydrogen, Akuo Energy Afrique, Africoast Investments and Golden Sunshine Trading, which has been working towards this milestone for the past two years, and follows Hive Hydrogen signing an agreement earlier this year with Genesis Eco-Energy to implement 372 MW of wind power in the Western Cape, also in support of the green hydrogen, green ammonia project at Coega.

Microsoft, dtic enter empowerment agreement

Published: 21 May 24

Microsoft and the Department of Trade, Industry and Competition (dtic) on Tuesday entered into an empowerment agreement to unlock programmes to support skills and capability development, as well as enterprise development for youth and small, medium-sized and microenterprises (SMMEs). The agreement provides for a significant investment, estimated at R1.3-billion, by Microsoft South Africa over the next ten years, that will support SMMEs and black industrialists in navigating the changing landscape of the technology revolution.

Eskom CFO Calib Cassim and CEO Dan Marokane

Not out of the woods yet, but there is visible progress – Eskom CEO

Published: 21 May 24

On day 55 of no loadshedding in South Africa, newly appointed Eskom boss Dan Marokane warns that the country is “not of out the woods yet, but we have visible progress towards where we want to be, and we should acknowledge that”. Speaking at Enlit Africa 2024 held in Cape Town on Tuesday – on day 82 in the hot seat – Marokane said a debate anchored around suspicions on whether the improvement in electricity availability might be linked to the next week’s general elections was of little help.