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Transnet Freight Rail’s North Corridor achieves weekly record
Published: 26 Mar 24
Transnet Freight Rail’s (TFR’s) North Corridor accomplished the delivery of 1.41-million tonnes last week, marking the most substantial weekly performance in terms of volume for the current financial year. This includes the transport of 1.18-million tonnes of export coal to the Richards Bay Coal Terminal and the running of 11 chrome trains.
An image showing new equipment at the Richards Bay Multipurpose Terminal Richards Bay Multipurpose Terminal takes delivery of cargo handling equipment
Published: 26 Mar 24
The Richards Bay Multipurpose Terminal (MPT) has taken delivery of new cargo handling equipment, aiding the loading of export coal, magnetite, chrome and pig iron aboard calling Cape-sized vessels. The terminal is leasing 75 dumpers and 35 payloaders for 12 months – a temporary measure after an unsuccessful bidder challenged the awarding of a new contract in court last year.
Top Australian gold miner seeks to expand Kalgoorlie ‘Super Pit’ Top Australian gold miner seeks to expand Kalgoorlie ‘Super Pit’
Published: 26 Mar 24
Northern Star Resources is seeking to expand its flagship Fimiston gold mine in Western Australia and extend the life of the project to 2034. Kalgoorlie Consolidated Gold Mines, which is wholly owned by Northern Star, has lodged a proposal to widen and deepen the so-called ‘Super Pit,’ the Western Australia state government said in a statement. The miner wants to increase the area of the development to 7 795 ha, up from the currently approved 5 914 ha, it said.
Kinetiko’s deepest core hole to date reveals promising results
Published: 26 Mar 24
ASX-listed Kinetiko Energy, which is conducting onshore gas exploration in Mpumalanga, South Africa, has completed its deepest core hole to date. “Following our previous announcement indicating further exploration success in Block ER270 . . . 270-08C reached a terminal depth (TD) of 745 m when we broke through the Dwyka tillites and encountered granitic basement. We managed to log the entire stratigraphy to TD and are very encouraged by the results,” Kinetiko CEO Nick de Blocq said on March 26.
A New Development Bank logo Brics development bank aims to make $5bn in loans in 2024
Published: 26 Mar 24
The New Development Bank (NDB), set up by the Brics group of emerging economies, aims to make about $5-billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday. "During the epidemic, our business has been somewhat affected, and now everything is going back on track," Zhou told Reuters on the sidelines of the annual Boao Forum.
Majestic Gold flags potential China acquisition
Published: 26 Mar 24
British Columbia-based Majestic Gold has announced a letter of intent (LoI) to acquire a gold project in China. Majestic, through its 70.5%-owned Persistence Resources Group subsidiary, will acquire 70% of the issued share capital of the target company.
Woodside completes sale of 10% Scarborough interest Woodside completes sale of 10% Scarborough interest
Published: 26 Mar 24
Oil and gas major Woodside Energy has completed the sale of a 10% nonoperating participating interest in the Scarborough joint venture (JV) to LJ Scarborough (LNG Japan). The company in August established a strategic relationship with LNG Japan that involved three elements: equity in the Scarborough JV, potential liquefied natural gas offtake and collaboration on potential opportunities in new energy.
29Metals halts operations at Capricorn 29Metals halts operations at Capricorn
Published: 26 Mar 24
Operations at the Capricorn copper mine, in Queensland, will be suspended and the headcount of the mine will be significantly reduced, ASX-listed 29Metals said on Tuesday. The decision comes as a response to an extended period rainfall spanning late January to mid-March, exacerbated by successive tropical cyclones in the region.
Many Peaks acquires advanced Cote d’Ivoire projects
Published: 26 Mar 24
Mineral exploration company Many Peaks on Tuesday revealed an agreement to acquire exploration assets belonging to Turaco Gold in Cote d’Ivoire. The announcement triggered a surge in the junior’s share price on the ASX, with stock soaring 180% to its highest level this year.
The McArthur River waste stockpile (pictured 2023) remained in tact with no incidents of landslide or collapses reported in the facility. Glencore assesses cyclone damage at McArthur River mine
Published: 26 Mar 24
After enduring the impact of a cyclone that brought unprecedented rainfall, commodities major Glencore is now initiating the process of restoring its McArthur River zinc and lead mine, in Australia, to normal operations. Operations at the Northern Territory mine were suspended on March 18 in anticipation of Cyclone Megan’s arrival, which ultimately resulted in a deluge of 274 mm of rain within a 24-hour period on March 19, surpassing a 50-year-old rainfall record set in 1974.
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