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Equinox Gold launches ‘Ride to Greenstone’ fundraiser

Published: 04 Jun 24

Canadian gold miner Equinox Gold has launched the ‘Ride to Greenstone’, a 3 634 km bike relay from Vancouver, British Columbia, to Geraldton, Ontario, to celebrate the official opening of the new Greenstone mine. The focus of the ride is to raise money for the Geraldton District Hospital, which serves a 2 767-km2 region in northern Ontario, including five Indigenous communities and the Greenstone mine workforce.

Glencore’s Adamson joins Stillwater Critical Minerals board

Published: 04 Jun 24

TSX-V-listed Stillwater Critical Minerals has announced the appointment of Bradley Adamson as an independent director. Adamson, a veteran resources industry professional with more than 25 years of global experience focused on nickel and cobalt, joins the Stillwater board as Glencore’s appointee.

Deep Yellow selects Ausenco as preferred EPCM contractor for Tumas

Published: 04 Jun 24

ASX-listed Deep Yellow has selected contractor Ausenco Services to deliver detailed engineering and engineering, procurement and construction management (EPCM) services for the company’s flagship Tumas uranium project, in Namibia. It is intended that an EPCM commercial agreements and contracts award for detailed engineering will be finalised over the coming months, following a final investment decision (FID).

An image showing Pan African's Barberton mine

Pan African concludes 5-year wage agreement at Barberton Mines, ESOP matures

Published: 04 Jun 24

JSE-listed Pan African Resources has concluded a milestone five-year wage agreement for increases and other conditions of service with the National Union of Mineworkers (NUM), the representative union for Category 4 to 8 bargaining unit employees, at its Barberton Mines operations. The agreed increases for the period June 1, to June 1, 2029, amounts to an average yearly increase of about 5.3% a year over the five-year period.

Yukon Metals ready to hit the ground running

Published: 04 Jun 24

Exploration newcomer Yukon Metals is ready to hit the ground running, president and CEO Rory Quinn said on Monday, announcing the completion of the acquisition of a portfolio of assets from the Berdahl family’s prospecting company. The property portfolio was built over 30 years of prospecting by the Berdahl family – the exploration team behind Snowline Gold’s portfolio of primary gold assets in Yukon.

Energy Fuels eyes 5Mlb/y uranium run rate in coming years

Published: 04 Jun 24

Uranium and rare earths producer Energy Fuels is continuing to ramp up its uranium production in the US, with a targeted output of up to 500 000 lb of uranium oxide (U3O8) this year. The company operates the White Mesa mill, in Utah, where it has also demonstrated its ability to process monazite, providing mixed rare earth element (REE) carbonate to the market.

Gem recovers 172.06 ct diamond at Letšeng

Published: 04 Jun 24

London-listed diamond producer Gem Diamonds recovered a 172.06 ct Type II white diamond at its Letšeng mine, in Lesotho, on June 2. This is the seventh diamond greater than 100 ct recovered at the mine this year.

BHP faces a test of patience after $49bn Anglo bid falters

Published: 04 Jun 24

Days after BHP Group failed to secure the $49-billion takeover of smaller rival Anglo American, investors have one message for CEO Mike Henry — keep your cool. BHP argues it showed restraint in the battle for Anglo, a welcome attribute in a sector notorious for burning billions of dollars of on underwhelming projects and ill-timed acquisitions just over a decade ago. The question now is whether that discipline holds, even with all mining bosses gunning for more volume in copper, the single most coveted metal as the energy transition accelerates.

De Beers ditches man-made diamonds as it looks beyond Anglo

Published: 03 Jun 24

De Beers will ditch a controversial experiment to sell lab grown diamond jewellery, ending a six-year program that broke one of its oldest taboos. While the company long held the technology to make synthetic gems, it always refused to sell them as jewellery, fearing they would undercut the allure of natural stones. Yet as man-made stones gained traction and started competing directly with natural diamonds, De Beers launched its own jewellery brand in 2018.

Kincora secures new unexplored Macquarie Arc porphyry project

Published: 03 Jun 24

Dual-listed Kincora Copper has secured a new exploration licence covering 173 km2 in the Macquarie Arc, in central New South Wales. The Wongarbon project is considered to host one of the last remaining untested and large intrusive complexes of the Macquarie Arc, said Kincora in a statement on Monday.