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GoviEx in talks with Niger govt on Madouela start date

Published: 19 Apr 24

TSX-V listed GoviEx Uranium is in discussions with the government of Niger regarding the start of mining operations after having received notice that it must begin mining at its Madaouela uranium project by July 3, or risk having its mine permit revoked. The company says it is committed to developing the project and is working with the Nigerien government towards a mutually beneficial solution that complies with applicable law and protects the company’s rights.

Goldplat receives generators for its South African operations

Published: 19 Apr 24

Aim-listed Goldplat reports that diesel generators have arrived at its operations in South Africa, and that their commissioning will be finalised by the end of April. The company points out that, during the third quarter of the current financial year, its operations have lost 6% of total operating hours available owing to electricity supply cuts and infrastructure related issues, lower than the time lost in the previous calendar year of more than 20%.

CPM Group managing partner Jeffrey Christian

Over-optimistic, exaggerated expectations in platinum market can lead to bad investment decisions, says CPM

Published: 19 Apr 24

Independent commodity research group CPM Group managing partner Jeffrey Christian has dispelled some of the common myths in the platinum market, which can lead to bad investment decisions on the part of producers, investors, governments and other financing sources. “There are high costs to making financial decisions based on a desired future rather than a realistically probable future based on an erroneous understanding of present market conditions and probable outcomes,” he explains in a market alert issued on April 19.

Hancock Prospecting sells stake in Catalyst Metals

Published: 19 Apr 24

ASX-listed Catalyst Metals reports that the entire remaining substantial shareholding held by Hancock Prospecting in Catalyst Metals’ ordinary shares has been acquired by directors and senior management of Catalyst and institutional investors. Hancock has, therefore, ceased to be a substantial shareholder of the company.

Sayona divests completely from Troilus

Published: 19 Apr 24

ASX-listed lithium producer Sayona Mining has divested about 19.2-million shares in TSX-listed Troilus Gold at C$0.63 a share through a block trade facilitated by Desjardins Capital Markets. The transaction yielded gross proceeds of about C$12.1-million, which have been redirected towards the development of the Moblan lithium project and the expansion of operations at North American Lithium (NAL) in Québec, Canada.

NTCSA begins consultations on market code to govern shift towards competitive electricity industry

Published: 19 Apr 24

With the National Transmission Company South Africa (NTCSA) currently scheduled to be operationalised in July and efforts under way to ensure that the Electricity Regulation Act (ERA) Amendment Bill is passed by the current Parliament, work is now advancing on the market code for the future multimarket architecture that will progressively replace the vertically integrated structure that has prevailed for over a century. Eskom transmission MD Segomoco Scheppers will lead the NTCSA once it begins trade after addressing the remaining Companies Act requirements, having already met the key conditions of board independence, licensing and lender consent.

Minerals Council South Africa chief economist Hugo Pienaar

Chief economist unpacks mining’s deeply-rooted contribution to economy despite challenges

Published: 19 Apr 24

The mining industry makes a significant difference in the lives and livelihoods of employees and society in South Africa through economic and socioeconomic contributions, but more can be done on the governmental administrative front to enable increased benefits, says Minerals Council South Africa chief economist Hugo Pienaar. He told Mining Weekly that the Department of Mineral Resources and Energy had expressed commitment to reducing red tape and processing applications, such as mineral right exploration applications quicker.

Mosehla steps down as MC Mining director

Published: 19 Apr 24

Khomotso Mosehla, a long-standing nonexecutive director of MC Mining, has resigned as a director of the company, effective April 19. He has been a member of MC Mining's board of directors since late 2010 and contributed to the company being positioned to become South Africa's pre-eminent steelmaking hard coking coal producer, the company says.

Gold Road resumes mining at Gruyere

Published: 19 Apr 24

ASX-listed gold miner Gold Road Resources has announced the resumption of mining and processing operations at the Gruyere gold mine, in Western Australia. In its March 2024 quarterly report, released on April 19, the company said operations at the mine were now being facilitated by transporting consumables through the Northern Territory and Warburton to the east of Gruyere, while repairs continue on the Great Central road – Gruyere’s main supply route from the west.

Perseus moves to compulsory acquisition of last remaining shares in OreCorp

Published: 19 Apr 24

With ASX- and TSX-listed Perseus Mining now holding a relevant interest of 94.99% of ASX-listed OreCorp’s shares, the company is moving to a compulsory acquisition of the remaining shares it does not own. Perseus’ offer is closing on April 19, affording remaining shareholders the opportunity to sell their shares at Perseus’ offer price of A$0.575 apiece.