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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.

A truck moving ore at Vedanta's Konkola Copper Mines, in Zambia

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.

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.

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.

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.

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.

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.

An image showing the Sabodala-Massawa BIOX Expansion project, in Senegal

Endeavour achieves first gold pour at Senegal project expansion

Published: 29 Apr 24

Senior gold producer Endeavour Mining announces that first gold pour at the Sabodala-Massawa BIOX Expansion project, in Senegal, took place on April 18, marking the successful delivery of the BIOX Expansion project on schedule and on budget, with no lost-time injuries. Endeavour points out that the first gold pour at the Sabodala-Massawa BIOX Expansion was achieved only 24 months after construction started, transforming the Sabodala-Massawa Complex into a tier-one mine.

Silvercorp expands reach with C$200m Adventus acquisition

Published: 29 Apr 24

In a move aimed at diversification, Canadian mining firm Silvercorp has announced a C$200-million deal to venture into Ecuador, just weeks after harrowingly missing out on acquiring control of Tanzania-focused OreCorp. The all-share offer for TSX-V-listed Adventus Mining, valued at C$0.50 a share, will establish Silvercorp, traditionally focused on China, as a fresh entrant in South America.

The Canadian Malartic operation in Quebec

Exploration efforts yield promising results for Agnico Eagle

Published: 29 Apr 24

Precious metals miner Agnico Eagle is reaping the rewards of its relentless exploration endeavours, with recent drilling campaigns yielding remarkable results across key gold projects in Canada. President and CEO Ammar Al-Joundi expressed excitement over the “pretty amazing results” obtained from exploration activists at Canadian Malartic, Detour and Hope Bay during a conference call on Friday.