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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.

Lucapa chairperson Stuart Brown is a former De Beers CFO and interim CEO.

Angola is world’s foremost diamond exploration target, says Lucapa’s Brown

Published: 28 May 24

Australia-based diamond miner Lucapa’s newly appointed chairperson, Stuart Brown,has hailed Angola as foremost diamond exploration target on the world stage. In an address to shareholders on Tuesday, he positioned Angola at the forefront of Lucapa’s strategic direction, stating that the country’s diamond-rich provinces remained unexplored for primary source kimberlites.

BlueScope waives Illawarra pre-emptive rights

Published: 28 May 24

The sale of the Illawarra metallurgical business to an entity owned by Singapore’s Golden Energy and Resources and coal trader M Resources remains on track to be completed in the first half of the 2025 financial year. Diversified miner South32 reported on Tuesday Australian steelmaker BlueScope had waived its pre-emptive right to the assets.

Electric Metals confirms Minnesota’s Emily as premier high-grade manganese resource

Published: 27 May 24

US-based developer Electric Metals has unveiled an upgraded mineral resource estimate for its Emily manganese project, solidifying the Minnesota project as the continent’s “highest-grade manganese resource”. At a 10% cutoff grade, Emily’s indicated resources increased by 20.9% to 6.2-million tons, with a grade of 19.27% manganese. Inferred resources surged by 596.5% to 4.9-million tons, with a grade of 17.5%.

Barrick's Porgera mine in PNG operating without restriction after landslide

Published: 27 May 24

The Porgera Mine in Papua New Guinea is running without restriction and has enough fuel on site for 40 days, operator Barrick Gold said on Monday, after a massive landslide struck in the province the mine is located. The landslide in Enga province buried more than 2 000 people, the government said earlier on Monday, as treacherous terrain impeded aid and lowered hopes of finding survivors.

Giyani looking to appoint directors with EV battery, financing expertise

Published: 27 May 24

TSX-V-listed, Botswana-focused Giyani Metals is streamlining its board of directors as it transitions into a manganese battery metals producer. Jonathan Henry, Michael Jones, John Petersen and Nicola Spooner have resigned from the board with effect from May 24.

PCC executive director Dr Crispian Olver

Delayed coal decommissioning won’t ‘collapse our climate commitments’

Published: 27 May 24

The Presidential Climate Commission (PCC) is currently assessing the impact of South Africa’s decision to delay the decommissioning of the Hendrina, Grootvlei and Camden coal-fired power stations on the country’s Nationally Determined Contribution (NDC), which outlines the country’s decarbonisation goals. Eskom confirmed recently that Cabinet and board permission had been granted for the continued operation of the three power stations beyond their original decommissioning dates, owing to the ongoing shortage of supply and delays in adding new generation.

Madison intersects strong uranium mineralisation at Khan

Published: 27 May 24

Uranium exploration company Madison Metals has reported that reverse circulation (RC) drill hole KM5RC003 at its Khan project, in Namibia, has intersected strong uranium mineralisation over mineable widths under trench area TR003. Spectrometer readings from chip-sample bags returned values as high as 1.36% triuranium oxide at 45 m and 1.54% at 148 m vertical depth from surface.