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Renascor signs native title agreement to advance Siviour desalination plant
Published: 19 Apr 24
ASX-listed Renascor Resources has entered into an indigenous land use agreement (ILUA) with the Barngarla Determination Aboriginal Corporation (BDAC) – the registered native title body corporate of the Barngarla People, the traditional owners of land in the area encompassing the upstream portion of Renascor’s proposed vertically integrated Siviour graphite project, in South Australia. Renascor’s proposed upstream mining operation includes desalination plant pipelines that cross native title land within the BDAC’s determination area. The terms of the ILUA provide a cooperative framework between the BDAC and Renascor to respect Aboriginal heritage and support the BDAC community and provide the necessary native title consents to allow Renascor to proceed with its planned construction and operation of a desalination plant to support mining operations.
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Decarbonised iron production possible using sodium, company says
Published: 19 Apr 24
A new process being pioneered by energy companies such as Israel-based Helios and Netherlands-based Alkalium proposes the use of sodium metal rather than coal or hydrogen to refine iron-ore into direct reduced iron (DRI). Traditionally, iron is beneficiated by mixing iron-ore fines with coal. The iron oxide (Fe2O3), when heated in a furnace, undergoes a chemical transformation whereby the oxygen molecules from the Fe2O3 bind with the carbon molecules in the coal, creating carbon dioxide (CO2) as a by-product and leaving pure iron behind.
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G7 still looking at frozen Russian assets to help Ukraine, foreign ministers say
Published: 19 Apr 24
The Group of Seven (G7) major powers are continuing to look at ways to use frozen Russian sovereign assets to help fund support for Ukraine, G7 foreign ministers said on Friday. "As requested by Leaders, we will continue our work and update ahead of the (G7) Apulia Summit (in June) on all possible avenues and feasible options by which immobilized Russian sovereign assets could be made use of to support Ukraine," the ministers said in a statement.
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G7 still looking at frozen Russian assets to help Ukraine, foreign ministers say
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Alien Metals secures mining lease for Hancock iron-ore project
Published: 19 Apr 24
The Western Australia Department of Mines, Industry Regulation and Safety has granted Aim-listed Alien Metals a mining lease for the Hancock iron-ore project. This represents a key milestone on the pathway towards development of the project and provides Alien with security of tenure for a 21-year term through to April 17, 2045.
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US restricts drilling and mining in Alaska wilderness, angering state leaders
Published: 19 Apr 24
The Biden administration on Friday took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the US reliant on foreign resources. The measures are aligned with President Joe Biden's efforts to rein in oil and gas activities on public lands and conserve 30% of US lands and waters to combat climate change.
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Vizsla, Universal conclude merger
Published: 19 Apr 24
Canadian mineral exploration and development companies Vizsla Copper and Universal Copper have completed a merger arrangement whereby Vizsla acquired 100% of the issued and outstanding common shares in the capital of Universal in exchange for the issuance of 0.23 common shares in the capital of Vizsla to shareholders of Universal in exchange for each Universal share. Also, Universal’s outstanding stock options were exchanged for options of Vizsla, and Universal’s outstanding warrants became exercisable to acquire Vizsla shares, in amounts and at exercise prices adjusted in accordance with the exchange ratio.
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Reunion Gold signs mineral agreement with Guyana govt for Oko West project
Published: 19 Apr 24
TSX-V-listed Reunion Gold has signed a mineral agreement with the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission that provides the company, and its 100%-owned Guyanese subsidiary, with stable fiscal and operating conditions during the life of the Oko West gold project, in Guyana. The company notes that the terms set out in the agreement are consistent with current standard terms established by the country.
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Sierra records 36% y/y increase in first-quarter copper production
Published: 19 Apr 24
For the first quarter of this year, TSX-listed copper producer Sierra Metals has recorded a 36% year-on-year increase in consolidated copper production of 11.2-million pounds from its two underground mines in South America, the Yauricocha polymetallic mine, in Peru, and the copper-producing Bolivar mine, in Mexico. Silver production was also up 10% year-on-year, while gold production increased by 19% and lead production by 10%.
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Xanadu engages Bacchus Capital as strategic, project funding adviser
Published: 19 Apr 24
ASX- and TSX-listed exploration company Xanadu Mines has engaged financial consultant Bacchus Capital Advisers as its strategic and project funding adviser in relation to the Kharmagtai copper/gold project, in the South Gobi region of Mongolia. Xanadu is executing a prefeasibility study (PFS) at Kharmagtai – a 50:50 joint venture with Zijin Mining Group.
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PGMs and green hydrogen make headlines
 Published: 19 Apr 24
Mining Weekly Editor Martin Creamer discussing palladium and platinum playing a key role in battery electric vehicles; the opportunity around the market development aspect of the platinum group metals industry; and talk of South Africa being well placed to benefit from huge green hydrogen outlook.
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