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Emerald declares Bullseye offer final
Published: 12 Apr 24
Explorer and developer Emerald Resources has declared its takeover for Bullseye Mining as “best and final”, stating that it will not increase its offer.
Emerald has a 78.26% equity position in Bullseye, of which 76.73% is not subject to withdrawal rights.
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Opinion: Moving from hype to reality – how green hydrogen’s role in the energy transition is evolving
Published: 12 Apr 24
In this article, EY Africa strategy and transactions leader Quintin Hobbs writes about the growth in green hydrogen demand and the related growth in electrolyser demand. It is now clear that green hydrogen will play a pivotal role in the global energy transition, especially in hard-to-decarbonise heavy industry sectors that include chemical manufacturing, steelmaking, cement and transport.
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Internal combustion engines are not going anywhere, says Northam’s Dunne
Published: 12 Apr 24
Platinum group metals (PGM) miner Northam Platinum CEO Paul Dunne firmly believes internal combustion engines (ICEs) are here to stay for the foreseeable future, which, in his view, will mean salvation for PGM miners that are struggling to remain profitable amid sustained low commodity prices. “The world is getting over the love affair with electric vehicles. There's no question about that. It certainly will not be a replacement for the ICE. However, it's capturing some market share, but ICEs will have a longer life and the lower metal requirement will be balanced by natural depletion,” he said at the PGMs Industry Day, in Johannesburg, earlier this week.
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Antwerp World Diamond Centre CEO resigns amid Russia diamond sanctions
Published: 12 Apr 24
Antwerp World Diamond Centre (AWDC) CEO Ari Epstein resigned unexpectedly on Thursday, the AWDC's board of directors said in a statement.
A spokesperson for AWDC, Belgium's main diamond industry group, said on Friday that Epstein, who had been CEO for 13 years, did not wish to communicate about the reason for his sudden departure, but Belgian financial newspaper De Tijd reported that Russian diamond sanctions had been the cause of conflict between the diamond sector and the Belgian government.
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Copper’s run continues with surge to highest since June 2022
Published: 12 Apr 24
Copper continued its upwards charge, hitting the highest level in 22 months, as investors bet that curtailed mine supply will struggle to keep up with resurgent global demand.
Copper has found itself strongly positioned after a mine-supply shock late last year that is now combining with stronger-than-expected demand as global manufacturing demand picks up.
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Sweden's LKAB cuts iron-ore production on railway woes
Published: 12 Apr 24
Sweden's LKAB will cut its iron ore output following derailments on a railway linking Sweden and Norway and reduced transport capacity going forward, the state-owned mining company said in a statement on Wednesday.
LKAB said it will cut production by one-million tonnes per year, and added it may also take additional measures, including laying off staff.
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Unisa, Palabora sign MoU to facilitate strategic collaboration
Published: 12 Apr 24
A memorandum of understanding (MoU) has been signed between the University of South Africa’s (Unisa’s) College of Science, Engineering and Technology (CSET) and copper mining company Palabora Copper, a subsidiary of the Palabora Mining Company, based in Phalaborwa, Limpopo. The signing of the MoU, which took place in Johannesburg on April 12, marks the start of a strategic partnership between the two entities aimed at achieving mutual goals in the fields of science, engineering and technology and seeking to enhance efficiency, productivity and overall success through various initiatives.
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Hydrogen, PGMs, underground mine energy storage make headlines
Published: 12 Apr 24
In this week's episode of Second Take, Mining Weekly Editor Martin Creamer discusses hydrogen’s role as a global energy solution; the market development of the full PGMs basket being essential; and about how South Africa’s underground mines could be used as batteries that store energy.
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Flying Nickel unveils inaugural PGMs resource at Manitoba project
Published: 12 Apr 24
Vancouver-based Flying Nickel has announced an inaugural 405 020 oz measured and indicated mineral resource at its Minago nickel and platinum group metals (PGMs) project in Manitoba’s Thompson nickel belt. The mineral resource estimate (MRE), prepared by Mercator Geological Services, includes a total measured and indicated mineral resource of 125 700 oz of platinum, 279 330 oz of palladium and 689.53-million pounds of nickel.
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Canada Nickel moving to next phase of Crawford development
Published: 12 Apr 24
TSX-V-listed Canada Nickel has initiated the front-end engineering design (FEED) phase for its Crawford nickel sulphide project, situated in the Timmins-Cochrane mining camp of Ontario.
Spearheaded by Ausenco Engineering Canada, the FEED phase marks a significant step forward in the project’s development trajectory.
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