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The home of Malbec wine makes a play for copper in Argentina mining revival

Published: 31 May 24

Argentina’s Mendoza province, known for Malbec vineyards that draw tourists from across the world, is moving to spur exploration of its copper deposits long shunned by prospectors due to restrictions and red tape. Authorities have identified a vast region in the Andes Mountains — about the size of New Jersey — where they plan to expedite environmental permits with blanket authorization to unlock copper projects and tap a booming market of the metal needed for the global push toward electrification.

Perseus progressing work streams at Nyanzaga project after buyout

Published: 31 May 24

ASX- and TSX-listed Perseus Mining has completed the acquisition of the Nyanzaga gold project, in Tanzania, through the takeover of OreCorp, chairperson and CEO Jeff Quartermaine informs. The compulsory acquisition process of the remaining OreCorp shares was completed on May 20, and Perseus now owns 100% of the shares in OreCorp.

Solar power panels at South Deep gold mine.

ESG intrinsic to long-term mining success, Gold Fields AGM hears

Published: 31 May 24

Managing environmental, social, and governance (ESG) aspects is intrinsic to the long-term success of mining, Gold Fields chairperson Yunus Suleman highlighted at this week’s annual general meeting (AGM) of the Johannesburg- and New York-listed gold mining company. “We have a critical role to play in addressing some of these key challenges facing society at large. The commitment to reducing our carbon emissions by investing in renewables projects is a case in point.

Kavango identifies first high-priority copper drilling targets at Karakubis

Published: 31 May 24

The first high-priority targets have been identified for Phase 1 of drilling on London-listed Kavango Resources’ Karakubis copper project, which is situated in Botswana, on the Kalahari Copper Belt (KCB). Specialist geophysical consultant Emergo has completed inversions on airborne electromagnetic (AEM) data over the central portion of survey block 1A of the project.

AngloGold Ashanti's Obuasi mine, in Ghana

AngloGold confirms all its operations are conflict-free

Published: 31 May 24

The operations of AngloGold Ashanti remain conflict-free as of December 31, 2023, the gold miner states in its ‘Conflict-Free Gold Report 2023’ on May 31, emphasising that it extracts gold in a manner that does not fuel conflict. AngloGold follows guidelines of the World Gold Council’s Conflict-Free Gold Standard at all of the operations where it has direct control, including in Brazil, Argentina, Australia, Tanzania, Ghana and Guinea.

Nel spin-off company Cavendish Hydrogen applies for listing in Norway

Published: 31 May 24

Cavendish Hydrogen, which is being spun out of Norwegian fuel cell company Nel’s fuelling division, has applied for its shares to be listed on the Oslo Stock Exchange. The spin-off and listing are still subject to satisfaction of certain conditions, including approval by the stock exchange and the Financial Supervisory Authority of Norway.

Marula signs offtake agreement with Fujax for Larisoro manganese

Published: 31 May 24

AQSE-listed Marula Mining has signed a sales and offtake agreement with UK-based commodities trading group Fujax for manganese ore production from the Larisoro manganese mine in Samburu, Kenya. The agreement is for an initial 2 000 t of manganese ore, which is to be delivered by no later than July 1.

Katoro prioritised Tanzania project development in 2023

Published: 31 May 24

Aim-listed Katoro Gold prioritised resource development at its Haneti project, in Tanzania, during the year ended December 31, 2023, owing to it being mindful of funding constraints. Early in the year, Katoro successfully raised £150 000 (gross), which was used for ongoing working capital and to conclude the project assessment process.

Indonesia to issue copper export permits for Freeport, Amman

Published: 31 May 24

ndonesia will issue copper concentrate export permits for miner Freeport Indonesia and Amman Mineral Internasional, a trade ministry official said on Friday, ensuring that exports by both companies would not be disrupted. Freeport's and Amman's current export permits expire on Friday.

Champion Iron reports higher profit

Published: 31 May 24

Quebec iron-ore miner Champion Iron has reported a robust revenue and net income performance for the year ended March 31, 2024. Despite facing challenges due to lower selling prices and logistical issues, the company achieved significant financial growth. The ASX- and TSX-listed company announced a 9% increase in revenue, reaching C$1.5-billion in the 12 months through to March. Net income grew by 17% to C200-million.