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Japanese to partner on Kalgoorlie nickel project
Published: 29 Apr 24
Japanese multinational companies Sumitomo Metal Mining (SSM) and Mitsubishi have thrown their weight behind the Kalgoorlie nickel project – Goongarrie hub, in Western Australia. ASX-listed Ardea Resources on Monday announced a binding cooperation agreement between SSM and Mitsubishi to form a 50:50 joint venture to develop the project.
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Japanese to partner on Kalgoorlie nickel project
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South Africa views BHP bid for Anglo as 'normal market activity'
Published: 29 Apr 24
South Africa views BHP Group's proposed bid for Anglo American as "normal market activity" and is following the process as it unfolds, President Cyril Ramaphosa's spokesperson said on Monday. BHP is considering making an improved offer for Anglo American after its $39 billion initial proposal was rejected by the London-listed miner, a source told Reuters last week.
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Vale, BHP propose $25bn settlement for Mariana disaster reparations
Published: 29 Apr 24
Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, which killed 19 people and left hundreds homeless.
The proposal, the Brazilian mining giant said in a securities filing on Monday, foresees a total payment of 127-billion reais ($24.88-billion), including 37-billion reais already disbursed.
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Altona appoints David Catterall as Sesana project consultant
Published: 29 Apr 24
London-listed Altona Rare Earths has appointed David Catterall as a consultant, with a special focus on the company's Sesana copper/silver project, in Botswana, where he will work closely with CEO Cedric Simonet. "[Catterall] is considered an expert of the Kalahari Copper Belt, where the Sesana project is located, and we are delighted to have him on board. His superior knowledge of the Kalahari Copper Belt will be of immediate benefit to Altona as we are preparing this year's exploration programme,” Simonet said on April 29.
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Vedanta seeks deals with traders to help fund Zambia copper mine
Published: 29 Apr 24
Vedanta Resources has approached trading houses as it seeks to raise capital to revive the Konkola copper mining and smelting complex in Zambia. Billionaire Anil Agarwal’s Vedanta has discussed tolling and prepayment facilities with commodity traders, including Mercuria Energy Group, for output from Konkola Copper Mines, according to people familiar with the matter. It’s also examining the sale of a minority stake in KCM as it explores ways to pay off creditors and invest in the mines that entered provisional liquidation in 2019, the people said, asking not to be identified because the talks are private.
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Rand Refinery donates R2m to seven Gauteng schools
Published: 29 Apr 24
As part of its commitment to education, precious metals refiner Rand Refinery has donated R2-million to seven primary and secondary schools in Gauteng. The company says this donation will be allocated towards refurbishments at, and procurement of modern educational tools by, the selected schools.
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Red Rock to undertake work programmes at Burkina Faso project
Published: 29 Apr 24
Aim-listed Red Rock Resources’ Bilbale gold project, in Burkina Faso, holds “significant potential”, consultant Dr Willem J Smuts has noted in a report. Smuts recently undertook a site visit to the project and carried out several days of evaluation work to identify potential high-grade targets, as well as assess the amenability of the area to support scalable operations and quick-start operations.
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Thor reports lower revenue, profits for 2023
Published: 29 Apr 24
Gold mining and exploration company Thor Explorations has reported a $24-million year-on-year decrease in revenue from $165.2-million in 2022 to $141.2-million for the year ended December 31, 2023. Thor operates the Segilola gold mine, in Nigeria, and also holds several mineral exploration properties in Nigeria, Senegal and Burkina Faso.
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BHP tells investors Anglo bid is 'on strategy', stresses discipline
Published: 29 Apr 24
BHP has told Australian investors privately that its $39-billion Anglo American bid is in line with its strategy and that it will be disciplined in its approach, two fund sources said.
The world's biggest listed mining group is weighing up its next move after its initial takeover proposal for its smaller competitor was rejected by Anglo last week.
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Indonesian miner eyes nickel assets as it shifts focus from coal
Published: 29 Apr 24
Indonesian coal company PT Harum Energy is looking to buy more nickel mines as it ceases further investment in fossil fuels in order to prepare for the energy transition.
The miner plans to avoid further spending in its coal operations beyond the level required to sustain current output, president director Ray Antonio Gunara said in an interview on Friday.
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