Research Channel | Advanced Search - Research Channel Africa

Back NEWS

South Africa’s quickly advancing Copper 360 is guiding sharp 2025 revenue rise

Published: 11 Jun 24

The revenue of South Africa’s quickly advancing Northern Cape copper mining company Copper 360, the only pure copper play on the Johannesburg Stock Exchange, is forecast by the company to have risen sharply by the end of February next year. The AltX-listed company headed by CEO Jan Nelson, is guiding revenue of R1.2-billion to R1.9-billion at the end of February next year, from the R38.2-million revenue level generated in the 12 months to the end of February this year. (Also watch attached Creamer Media video.)

Oriole starts delayed Phase 5 drilling at Cameroon project

Published: 11 Jun 24

Aim-listed Oriole Resources has advised of a number of logistical challenges hampering a Phase 5 drilling programme on the main mineral resource area of its Bibemi gold project, in Cameroon. Despite the delays, Oriole expects the 7 060 m drill programme across 62 holes in the Bakassi Zone 1 prospect of Bibemi to conclude by the end of the third quarter.

Indonesia considers terminating permits for some nickel pig iron production

Published: 11 Jun 24

The Indonesian government is conducting a comprehensive evaluation regarding the termination of permits for the RKEF smelters which make products in the form of ferronickel and nickel pig iron, a mining ministry official said on Tuesday. The world's biggest nickel producer is experiencing a rapid depletion of ore after a surge in downstream investment, prompting the government to seek ways to reserve stocks for higher value added products such as the nickel chemicals used in making batteries for electric vehicles.

Southern Palladium appoints new nonexecutive director

Published: 11 Jun 24

Dual-listed Southern Palladium has announced the appointment of Advocate Lindi Nkosi-Thomas as a nonexecutive director, effective from June 10. Nkosi-Thomas, a practising lawyer and senior counsel, is a member of the Johannesburg Bar, having been called to the Bar in November 1994. She was conferred the status of silk by then-President Jacob Zuma in 2009.

Blue Sky sets Ivana uranium deposit on production path with COAM transaction

Published: 11 Jun 24

Uranium exploration and development company Blue Sky has announced a transaction that could set the path to bring the Ivana uranium deposit, in Argentina, into production. Blue Sky has entered a binding term sheet with Argentinian firm Corredor Americano (COAM) to complete an option agreement in respect to the Ivana deposit.

Canadian govt invests C$10m in Ontario critical mineral projects

Published: 11 Jun 24

Energy and Natural Resources Minister Jonathan Wilkinson on Monday announced two investments of C$5-million each to support the critical minerals sector in Canada, specifically in northern Ontario. The funding recipients are the Mining Innovation Rehabilitation and Applied Research Corporation (MIRARCO) and Electra Battery Materials (Electra).

Premium Nickel raises C$27.5m for Botswana projects amid strong investor interest

Published: 11 Jun 24

Canadian mining company Premium Nickel Resources will raise C$27.5-million through an upsized private placement offer, the company announced on Monday. This is an increase from the initial C$15-million offering, reflecting strong interest, primarily from existing shareholders, said the TSX-V-listed firm.

Eskom arrests suspected coal-swapping thief

Published: 11 Jun 24

State-owned power utility Eskom says the security investigation team at its Arnot power station has arrested a truck driver, who is suspected of having participated in the swapping out of coal destined for the power station with lower-quality product. On June 8, a tactical team spotted a truck loaded with coal to be delivered to Arnot entering a coal yard in Middelburg and then leaving after about an hour.

Codelco copper output hit by lingering effects of rock collapse

Published: 11 Jun 24

Codelco attributed a sharp drop in production at its top mine to the lingering effects of a rock collapse last year as the world’s No. 1 copper supplier strives to reverse slumping output. “This situation was foreseen in annual planning and does not affect the committed production budget,” the state-owned company said in a written response to questions about the massive El Teniente mine.

Rio Tinto ups stake in Australia's second-biggest aluminium smelter

Published: 11 Jun 24

Commodities giant Rio Tinto will increase its interest Boyne Smelters (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia, to 73.5%. The company has agreed to acquire Mitsubishi’s 11.65% interest in BSL. This follows the recent agreement to acquire Sumitomo Chemical Company’s 2.46% interest in BSL.