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rough diamonds being sorted using tweezers Diamond council urges industry to transition to revised System Of Warranties urgently
Published: 24 Apr 24
The World Diamond Council’s (WDC’s) revised System of Warranties (SoW) is set to reach its first critical deadline on September 21, when it becomes obligatory for all rough diamond sales.   “We strongly urge all companies, but especially . . . rough diamond traders, to transition to the revised SoW, if they have not done so yet, to be ready for the September 21 deadline,” WDC executive director Elodie Daguzan said on April 24.
Champion Iron eyes expansion beyond 15Mt/y at Bloom Lake Champion Iron eyes expansion beyond 15Mt/y at Bloom Lake
Published: 24 Apr 24
Canadian miner Champion Iron is considering a significant expansion of its production capacity at the Bloom Lake mine, in Quebec. CEO David Cataford says Champion’s technical team is assessing the investments necessary to structurally increase production beyond the current 15-million-tonne-a-year mark.
Copper 360 CEO Jan Nelson. Copper 360 ships concentrate, on course to pay first dividend next year Has Video
Published: 24 Apr 24
South Africa's rapidly advancing copper producer Copper 360 has shipped copper concentrate from the Northern Cape province for the first time in 21 years, which saw its shares rise by more than 26% on Wednesday, April 24. As South Africa’s only listed pure copper producer, Copper 360 has delivered record concentrate grades during plant commissioning, and is performing way ahead of expectation as a producer of concentrate and copper cathode.
A solar panel being installed Opinion: A call for clear, uniform solar policy in South Africa
Published: 24 Apr 24
In this article, residential solar solutions provider GoSolr CEO and co-founder Andrew Middleton, writes that solar power has the potential to significantly reduce loadshedding, but patchwork policies, differing tariffs and a lack of incentives are stalling growth.
MTN South Africa, Investec, Electrum collaborate to introduce PayShap on MoMo
Published: 24 Apr 24
Information and communications technology group MTN South Africa has partnered with Investec and Electrum to introduce the PayShap solution on its Mobile Money (MoMo) platform. The collaboration aims to provide users with an instant, cost-effective mobile payment system, with MoMo becoming the first non-banking player to offer PayShap, which will address a critical gap in serving the unbanked population.
Woodside investors vote down climate plan, rebuking Australia's top gas producer Woodside investors vote down climate plan, rebuking Australia's top gas producer
Published: 24 Apr 24
Shareholders rejected Woodside Energy's climate plan on Wednesday, marking a symbolic victory for activists who have called for Australia's biggest gas producer to stop new fossil fuel projects, but its chairman survived a push to oust him. Following a lengthy campaign by activists, 58% of the votes opposed Woodside's climate transition plan in a demonstration of the growing unease over its strategy for curbing carbon emissions which critics say is unambitious and vague.
The Greenstone mine will be one of Canada's largest and highest grade mines. Equinox acquires full ownership of Greenstone for $995m
Published: 24 Apr 24
Vancouver-based Equinox Gold has announced the acquisition of Orion Mine Finance’s 40% interest in Greenstone Gold Mines for $955-million. This gives Equinox full ownership of what it describes as a “rare” gold opportunity. The company acquired its 60% interest in Greenstone three years ago, and chairperson Ross Beaty says it has always been Equinox’s ultimately goal to own the whole mine.
LME moves to stop gaming of Russian aluminium sanctions-based rule LME moves to stop gaming of Russian aluminium sanctions-based rule
Published: 24 Apr 24
The London Metal Exchange (LME) moved on Tuesday to stop traders from taking Russian aluminium from its approved warehouses and returning it at a later date to profit from rule changes to comply with new sanctions. The US and Britain earlier this month banned the LME from accepting new Russian production of aluminium, copper and nickel to restrict Russian revenues from the export of these metals.
enCore Energy CEO Paul Goranson enCore CEO balances ambitious production goals with workforce challenges
Published: 24 Apr 24
As US-based uranium miner enCore Energy charts its path towards significantly ramping up production, the company faces a dual challenge of aggressive expansion and ensuring the retention of key personnel critical to its operational success. Driven by a mission to bolster uranium production in the US through in-situ recovery (ISR) technology, enCore has set its sights on ambitious production targets. The company aims to scale up its capacity to three-million pounds a year of uranium oxide by 2026 and five-million pounds a year by 2028.
OceanaGold's Didipio mine OceanaGold prices $106m IPO of Philippine unit
Published: 24 Apr 24
Toronto-listed miner OceanaGold said on Wednesday it will raise 6.08-billion pesos ($106-million) through an initial public offering (IPO) of its Philippine unit, the first listing in the Southeast Asian nation in 2024. In a disclosure, OceanaGold Philippines Inc said it had priced its IPO at 13.33 pesos ($0.2326) per share, a discount of 23% to a maximum potential price of 17.28 pesos included in the filing to securities regulators.
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