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Dr Vincent Maphai (left) and Neal Froneman. Measures to address loss-making assets expected to secure R6.6bn yearly, Sibanye AGM hears
Published: 28 May 24
The measures that green metals and gold mining company Sibanye- Stillwater has taken to address loss-making assets are expected to secure yearly savings and capital expenditure deferrals of R6.6-billion, chairperson Dr Vincent Maphai told the online AGM of the platinum group metals major on Tuesday. The focus of the Johannesburg- and New York-listed Sibanye-Stillwater is on strategic essentials, which Maphai highlighted as being a reduction of operating and capital costs as well as the improvement of efficiencies.
An image of Ivanhoe founder and executive co-chairperson Robert Friedland Ivanhoe completes Phase 3 concentrator construction at DRC project ahead of schedule
Published: 28 May 24
TSX-listed Ivanhoe Mines announced that, on May 26, first ore was fed into the Phase 3 concentrator at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). First ore marks the completion of construction of the Phase 3 concentrator, which has been achieved months ahead of schedule and on budget.
Manganese mining operation Jupiter forecasts higher manganese prices in coming months
Published: 28 May 24
ASX-listed Jupiter Mines marketing head Tracey Cloete says manganese ore prices are likely to trade higher than the historical average in coming months owing to supply disruptions. Jupiter has a 49.9% interest in the Tshipi manganese mine, in South Africa.
Firebird receives safety permit for Chinese project
Published: 28 May 24
ASX-listed Firebird Metals’ subsidiary Hunan Firebird Battery Technologies has received a safety permit for Stage 1 of a proposed battery-grade manganese sulphate plant in China. The plant will use third-party manganese ore to produce high-purity manganese sulphate.
Capital reveals 19% emissions reduction in inaugural sustainability report
Published: 28 May 24
London-listed mining services company Capital has published its inaugural Sustainability Report for the year ended December 31, 2023, wherein it is revealed that the group managed to reduce its overall Scope 1 and 2 emissions by 19%. “I . . . introduce our first standalone sustainability report for 2023, demonstrating sustainability progress made across the group and providing greater transparency with respect to our [environmental, social and governance] performance.
An image of the Lulo mine in Angola Lucapa, partners recover 195 ct diamond from Lulo
Published: 28 May 24
ASX-listed Lucapa Diamond Company and its Lulo alluvial mine partners Endiama and Rosas and Petalas have announced the recovery of a 195 ct Type IIa diamond from the Lulo mine, in Angola. The diamond is the sixth-largest to be recovered from the Lulo alluvial operations since mining started in 2015.
Berkeley seeks $1bn in damages from Spain over uranium mine dispute Berkeley seeks $1bn in damages from Spain over uranium mine dispute
Published: 28 May 24
Australian mining group Berkeley Energia said on Tuesday it had filed a request for an arbitration to seek $1-billion in damages from the Spanish government after it refused to give final approval for its uranium mine project. The Retortillo project, Berkeley's main asset, received preliminary approval in 2013, but Spain's Energy Ministry refused to approve the project located near the central city of Salamanca first in 2021 and again in 2023.
Adriatic to raise $50m Adriatic to raise $50m
Published: 28 May 24
Silver developer Adriatic Metals has announced a $50-million institutional placement to optimise its balance sheet while ramping up the Vares operation in Bosnia and Herzegovina. The company, which is listed on the ASX, LSE and OTCQX, will issue about 18.3-million CHESS depositary interests (CDIs) over new fully paid shares in the company. The offer price of A$4.15 per CDI represents a discount to the five-day volume weighted average price on the ASX on May 24.
Sierra Nevada reviews assets, focus shifts to Blackhawk
Published: 28 May 24
Australia-listed Sierra Nevada Gold has announced a strategic review of its assets, exploring options such as joint ventures, strategic partnerships or project sales. The company has five 100%-controlled projects in Nevada, comprising four gold and silver projects and a large copper/gold porphyry project.
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