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External probe finds Sandfire disturbed artefact scatters at DeGrussa

Published: 05 Jun 24

Copper miner Sandfire Resources chairperson John Richards on Wednesday apologised to traditional owners Yugunga-Nya for failing to protect artefact scatters during the construction of the Monty mine at its DeGrussa operations, north of Meekatharra in Western Australia. This comes as the ASX-listed company published the findings of an external investigation, led by law firm Gilbert + Tobin, into the disturbance of artefact scatters in 2017 and 2018.

First call applications for R400m junior mining exploration fund close July 12

Published: 04 Jun 24

The first call applications for the R400-million junior mining exploration fund (JMEF) close on July 12. This was stated on Tuesday in a media release issued by the Department of Mineral Resources and Energy (DMRE), in partnership with the Council for Geoscience (CGS) and the Industrial Development Corporation (IDC).

Black Cat raises funds for Paulsens restart

Published: 04 Jun 24

ASX-listed Black Cat Syndicated has secured the immediate funding required to start major refurbishment works and mining activities at its Paulsens gold mine, in Western Australia. The company has received firm commitments for A$36-million through a two-tranche placement at A$0.27 a share, with strong support from existing shareholders, as well as several new North American and Australian institutional shareholders.

Employees hold unprotected sit-in at Sibanye's Kroondal mine

Published: 04 Jun 24

Multinational mining and metals processing group Sibanye-Stillwater reported on June 4 that more than 200 employees remained underground in an illegal sit-in at its Kroondal mine. The group said the sit-in started on the morning of June 3, with morning shift employees, including contractors, at the Kwezi shaft.

Rio Tinto celebrates 70th anniversary of BC Works

Published: 04 Jun 24

Diversified mining company Rio Tinto has marked the 70th anniversary of its BC Works operation, celebrating seven decades of significant contributions to the aluminium industry and the Kitimat community. As the sole aluminium smelter operator in British Columbia, Rio Tinto has cemented its position as a cornerstone of the local economy and a leader in producing responsible high-quality aluminium.

Rio Tinto invests $143m in low-carbon ironmaking R&D facility

Published: 04 Jun 24

Mining giant Rio Tinto has announced a $143-million investment to establish a research and development (R&D) facility in Western Australia to test the effectiveness of its low-carbon ironmaking process, BioIron. The development of the new BioIron R&D facility, located in the Rockingham Strategic Industrial Area outside Perth, follows successful trials of the ironmaking process at a small-scale pilot plant in Germany.

GTI Energy recruits ex-Cameco Australia head

Published: 04 Jun 24

Uranium company GTI Energy on Tuesday announced board changes with chairperson Nathan Lude stepping down and Simon Williamson joining as a nonexecutive director. Williamson was the general manager and a director of Cameco Australia until December last year. Prior to his 13 years at Cameco, he held roles in the minerals industry in Australia and the US.

Oriole reports improved definition of gold anomaly at Mbe in Cameroon

Published: 04 Jun 24

In an exploration update for its 80%-owned Mbe gold project in the Adamawa region of Cameroon, Aim-listed gold exploration company Oriole Resources said it had managed to significantly improve the definition of previous regional gold-in-soil anomalism at the MB01 prospect. The company has achieved this through infill soil sampling of 100 m at 25 m spacing, with results from 4 537 samples, including quality assurance and quality control (QAQC) samples, delivering up to 8 174 parts per billion (ppb) gold.

Copper falls through $10 000 as exchange inventories keep rising

Published: 04 Jun 24

Copper fell below $10 000/t as a sharp rise in global inventories prompts traders to zero in on weak conditions in the spot market. Stockpiles on the Shanghai Futures Exchange have climbed to the highest since 2020, and there have also been a steady stream of smaller inflows into Asian depots tracked by the London Metal Exchange over the past few weeks. Inventories typically decline at this time of year, and the jump has put pressure on prices after copper spiked to a record high above $11 100 last month.

Indonesia imposes 7.5% export tax on copper concentrate shipments

Published: 04 Jun 24

Indonesia will impose a 7.5% export tax on shipments of copper concentrate, effective immediately, a finance ministry regulation showed on Tuesday, applicable to the two mining firms currently exempt from its ban on raw copper exports. Indonesia has outlawed shipments of raw copper since June 2023, but authorities have permitted Freeport Indonesia and Amman Mineral Internasional to continue exporting until the end of 2024 to give them more time to complete construction of their copper smelters.