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Lotus advances process optimisation work ahead of Letlhakane mine development

Published: 17 Apr 24

ASX-listed Lotus Resources has developed a detailed initial programme of work to maximise the potential of its Letlhakane uranium project, in Botswana. The company is working to update the project’s mineral resource model and is undertaking studies to determine the potential of upgrading the ore for a more efficient processing route.

Marula progressing activities at Kenyan mine

Published: 17 Apr 24

AQSE-listed Marula Mining is progressing mining and processing activities at the Larisoro manganese mine, located in Samburu County, in northern Kenya. As announced last month, the company has entered into an agreement with Kenyan manganese mine operator Gems and Industrial Minerals (GIM) to secure a commercial interest in the mine.

PetroSA targets Mozambique gas in new sales deal

Published: 17 Apr 24

PetroSA expects the first flows of gas into the country from a deal with Mozambique's national energy company ENH later this year, officials said, amid efforts to shore up supplies ahead of a potentially crippling shortage. Handed a gas trading licence by regulators in March, state-owned oil and gas company PetroSA has moved quickly to secure a deal for an initial 2 petajoules of gas a year (PJ/a), with scope to rise to 200 petajoules eventually.

Orion makes advances in acquiring control of Okiep copper project

Published: 17 Apr 24

Australia-headquartered Orion Minerals has made progress with acquiring a controlling interest in the Okiep copper project, in South Africa’s Northern Cape province. Orion and other relevant parties, barring the Industrial Development Corporation (IDC) of South Africa, which is still in the process of finalising internal approval, have signed addenda to amend the agreements that will affect Orion’s controlling interest in the project.

Western Copper upsizes offering to $40m

Published: 17 Apr 24

Project developer Western Copper and Gold has upsized its bought-deal public offering to fund permitting and engineering work at its Casino project, in Yukon, to $40-million. The TSX- and NYSE American-listed company on Tuesday announced an amended agreement with Eight Capital under which underwriters have agreed to buy, on a bought-deal basis, 21 055 000 shares at $1.90 each.

Boeing makes dramatically increases its sustainable aviation fuel purchases

Published: 17 Apr 24

American aerospace giant Boeing has announced that it is to buy 35.6-million litres of blended sustainable aviation fuel (SAF), for use by its US commercial operations this year. This is its biggest annual SAF purchase to date, and is more than 60% greater than the amount it bought last year. This will help reduce the company’s carbon emissions. “As our focus remains on safety and quality, sustainability continues to be a priority,” assured Boeing VP Environmental Sustainability Ryan Faucett. “[SAF] is essential to decarbonise aviation. About 20% of our fuel usage is a SAF blend, and we continue to increase our use of this fuel to encourage growth in the SAF industry. We are also working to make SAF more available and affordable to our commercial airline customers through collaboration, investment, research and policy development.”

South Africa inflation slows slightly more than expected in March

Published: 17 Apr 24

South Africa's headline consumer inflation fell to 5.3% year on year in March from 5.6% in February, statistics agency data showed on Wednesday. Analysts polled by Reuters had forecast that inflation would slow to 5.4% in annual terms. The South African Reserve Bank kept its main interest rate unchanged at 8.25% last month, saying its policy stance needed to remain restrictive to tackle higher inflation expectations. It expects headline inflation to reach the midpoint of its target range of 4.5% only near the end of 2025. SARB Governor Lesetja Kganyago told Reuters earlier in April that South African policymakers were in discussions to lower the bank's current inflation target range of between 3% and 6% to bring it more in line with peers. On a month-on-month basis, inflation was at 0.8% in March compared to 1.0% a month before, Statistics South Africa said.

McEwen to acquire Timberline Resources

Published: 17 Apr 24

NYSE- and TSX-listed McEwen Mining has announced the acquisition of TSX-V-listed Timberline Resources, a move that will bolster its presence in Nevada’s mining sector. Under the terms of the agreement, Timberline shareholders will receive 0.01 of a share of McEwen’s common stock for each share of Timberline’s stock.

Peabody eyes coking coal expansion at Aus mine

Published: 17 Apr 24

Coal miner Peabody is developing a 130-million-ton, 25-year-plus mine plan for the Centurion complex, in the Bowen basin of Queensland. The mine plan incorporates the newly acquired Wards Well deposit, which Peabody acquired from ASX-listed Stanmore Resources for $136-million in cash and a contingent royalty of up to $200-million.

MTN, Huawei launch joint technology innovation lab

Published: 17 Apr 24

Telecommunications giant MTN Group and information and communication technology group Huawei have jointly launched Technology Innovation Lab to accelerate digital transformation and sustainable development across Africa. The establishment of the lab at MTN’s headquarters in Roodepoort, marking a significant advancement in the parties’ ongoing collaboration across diverse digital fields, followed the signing of a Memorandum of Understanding in February.