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Published: 07 May 24

Mineral exploration and development company Kore Potash will list its shares on South Africa’s A2X Markets, with its shares to be available for trade on the exchange from May 14. It is already listed on the LSE’s Aim market, the JSE and the ASX and these listings will remain unaffected by its secondary listing on A2X.

BHP insists Anglo American's South African assets must go in any takeover, sources say

Published: 07 May 24

BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner's thinking said. The "Big Australian" was rebuffed by its smaller rival on April 26 after submitting a $39-billion takeover proposal, in a plan seen as complex because it required Anglo to offload its shares in Kumba Iron Ore and Anglo American Platinum (Amplats) to Anglo American's shareholders before any deal took place.

Silver Hammer pulls the plug on Shafter project purchase

Published: 07 May 24

Junior resources company Silver Hammer Mining has called off its definitive share purchase agreement with Aurcana Silver concerning the Shafter deposit, in Texas. Silver Hammer CEO Peter Ball said the decision followed an extensive evaluation of the Shafter mine alongside a team of mine builders, silver explorers and capital market experts.

Patriot discovers new high-grade zone

Published: 07 May 24

Dual-listed Patriot Battery Metals has announced the discovery of a new high-grade zone at the CV13 spodumene pegmatite following the recently completed winter drill programme at Corvette, in Quebec. The CV13 spodumene pegmatite is located about 3 km west-southwest of the CV5 spodumene pegmatite, which hosts a maiden mineral resource estimate of 109.2-million tonnes at 1.42% lithium oxide (Li2O)inferred.

St Barbara harnesses AI to boost production at Simberi mine

Published: 07 May 24

Australian mining company St Barbara is set to increase its production at the Simberi mine over the next three years, following the successful use of artificial intelligence- (AI-) based algorithms to better classify mineralisation. Collaborating with Stratum AI has helped St Barbara to identify carbon-in-leach (CIL) treatable sulphides that would previously have been considered unsuitable for the current CIL circuit.

20MW solar array at the Bellevue gold project

Bellevue accelerates next leg of growth strategy

Published: 07 May 24

Western Australian miner Bellevue Gold has initiated expansion studies at its namesake gold project, in Western Australia, following the successful commissioning and ramp-up of the new mine. Bellevue, which has also declared commercial production, produced 37 338 oz in the March quarter, putting the company on track to achieve its guidance of 75 000 oz to 85 000 oz for the six months to June 30.

Nickel 28 fires founders on ‘serious misconduct’ that they deny

Published: 07 May 24

Nickel 28 Capital said it has fired its founders, including CEO Anthony Milewski, after an investigation uncovered “serious misconduct” — claims the ousted management team says are untrue and part of a years-long battle for control at the Canadian mining firm. The nickel and cobalt producer removed Milewski, along with President Justin Cochrane and CFO Conor Kearns, with immediate effect, it said Monday, after the board reviewed findings made by an independent special committee. The investigation found evidence the management team had breached their duties and repeatedly lacked judgment, the board said.

Arrow’s Simandou North drilling off to a promising start

Published: 07 May 24

Australian junior Arrow Minerals as hit the ground running at its Simandou North deposit, in Guinea, uncovering high-grade mineralisation in the area during the initial stages of drilling. The first five holes, totalling 328 m of drilling, have yielded strong results, with assays including grades as high as 63% from surface samples.

Central Puerto eyes stake in McEwen’s Argentina copper project

Published: 07 May 24

Central Puerto, Argentina’s biggest power supplier, is in talks to invest in Canadian miner McEwen Copper Inc.’s Los Azules project, according to people familiar with the matter. After recently signing a deal for a stake in the Diablillos silver-gold project in Salta province, Central Puerto is committed to getting involved in a second mining venture, according to one person, who like others didn’t want to be named discussing private negotiations. The company is eyeing Los Azules as well as other gold and silver sites.

Analysts say Jose Raul Mulino's victory is a good outcome for First Quantum.

First Quantum to seek talks with Panama’s Mulino on closed mine

Published: 07 May 24

First Quantum Minerals will seek talks with Panama’s incoming president in an effort to resolve the dispute that shuttered the Cobre Panama copper mine. President-elect Jose Raul Mulino, seen as an investor favorite, has said little about First Quantum’s $10-billion mine, which closed last year following months of civil unrest. But his pro-business credentials and historical support for the mining industry are raising hopes for a reopening.