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Vale withdraws from Serabi exploration venture
9th April 2024 By: Mariaan Webb

Diversified miner Vale has opted to withdraw from an exploration venture with Serabi Gold, as confirmed by the Aim- and TSX-listed mining and development said on Monday. Despite this change, CEO... 


Karst MD Guy Richards.
Use underground mines for electricity storage, optimise mine water use – Karst Hydro
8th April 2024 By: Martin Creamer

South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up... 


Aterian completes Atlantic Metals acquisition, awarded new licences in Botswana
8th April 2024 By: Tasneem Bulbulia

London-listed Aterian has received the change of control approval from the Ministry of Minerals and Energy in Botswana to formally complete the acquisition of a controlling 90% interest in Atlantis... 


Orion to sell A$593m Capstone stake
8th April 2024 By: Mariaan Webb

Three Orion funds are set to divest an 8.3% stake in Capstone Copper through a secondary offering, with an anticipated value of A$592.8-million. The deal involves a strategic block trade agreement... 


Bold Baatar
Baatar appointed Rio Tinto COO to spearhead global business development
8th April 2024 By: Mariaan Webb

Multinational mining giant Rio Tinto has announced the appointment of Bold Baatar as its COO, tasked with spearheading the group's commercial and business development endeavors worldwide. Baatar's... 


Red Rock provides updates on DRC arbitration, Burkina Faso project
5th April 2024 By: Tasneem Bulbulia

Aim-listed Red Rock Resources has provided an update on its arbitration in the Democratic Republic of Congo (DRC) with respect to the claim the company is pursuing in-country for its interest in... 


The next breakthrough must be zero fatality
Mines investing R46m to put an end to fall-of-ground fatalities
5th April 2024 By: Martin Creamer

South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South... 


Copper cathode produced in Zambia
Zambia's copper output may rise to one-million tons by 2026 as mines expand
5th April 2024 By: Reuters

Zambia's copper output could rise to about one-million tons by 2026, boosted by investment in expanding production at mines including those owned by First Quantum Minerals, Finance Minister... 


Rio Tinto's QIT Madagascar mineral sands operation
As Rio Tinto strives for 'impeccable ESG', investors raise water issues
5th April 2024 By: Reuters

Rio Tinto faced demands from shareholders at its annual meeting on Thursday to come clean on environmental issues, including water and biodiversity, as the company said it was committed to... 


An image of mining haul trucks
Regional growth prospects remain positive
5th April 2024 By: Lumkile Nkomfe

Long-term growth prospects in West Africa remain positive, says security research organisation the Institute for Security Studies (ISS), with the scenarios emerging from its African Futures and... 


Copper rises to 14-month high as Powell affirms Fed rate stance
4th April 2024 By: Bloomberg

Copper rose to a 14-month high as expectations for US rate cuts and threats to supply added impetus to a rally that’s been underway since early February. It climbed for a fourth session on the... 


Photo of Martin Creamer
Developments in copper, fuel cells, platinum group metals make headlines
4th April 2024

This week on Second Take, Mining Weekly Editor Martin Creamer discusses African Rainbow Minerals acquiring 15% of Canada’s Surge Copper; the brand-new platinum-catalysed hydrogen fuel cell system,... 


The Metalkol mine
Congo suspends ERG subcontractors at major cobalt mine
4th April 2024 By: Bloomberg

The Democratic Republic of Congo (DRC) has suspended nine subcontracting companies working at mines run by Eurasian Resources Group (ERG), as the cobalt and copper producer faces fresh... 


Bill Beament says Develop has received an elevated level of interest in Woodlawn
Develop flags potential minority stake sale at Woodlawn
4th April 2024 By: Mariaan Webb

The Woodlawn production restart study has returned “exceptional metrics” for the copper and zinc mine, located about 250 km from Sydney. Energy transition metals company Develop Global has... 


Copper ore
Xtract to explore Silverking copper mine, surroundings in JV with Cooperlemon
3rd April 2024 By: Marleny Arnoldi

Aim-listed Xtract Resources has entered into an option and joint venture (JV) agreement with Oval Mining, which is in cooperation with Cooperlemon Consultancy, to earn an up to 70% interest in the... 


Kamoa-Kakula Copper Complex
Ivanhoe reports 86 203 t of copper production at Kamoa-Kakula in first quarter
3rd April 2024 By: Darren Parker

During the first quarter, Ivanhoe Mines’ Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) successfully produced 86 203 t of copper in concentrate, the company has... 


Resources Watch
Resources Watch
3rd April 2024

This week: Mechanical cutting is going to be key for mining going forward – Master Drilling and, DRDGOLD to determine economic viability of copper recovery from Copper 360’s tailings dams 


ARM Executive Chairperson Dr Patrice Motsepe
South Africa’s ARM to acquire 15% of Canada’s Surge Copper
3rd April 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) has entered into a subscription agreement for a private placement financing with Surge Copper, a Canadian company that is advancing an... 


Kavango ‘quietly confident’ Kalahari Copper Belt exploration programme will deliver
2nd April 2024 By: Tasneem Bulbulia

London-listed Kavango Resources has announced preliminary interpretation results for geophysical survey data on its property in Botswana’s Kalahari Copper Belt (KCB) from South Africa-based New... 


Koryx Copper raises $1.5m
2nd April 2024 By: Sabrina Jardim

Mineral exploration and development company Koryx Copper has closed a nonbrokered private placement for $1.51-million. The proceeds of the private placement will be used for further exploration on... 


Copper rises on nascent optimism over outlook for China economy
2nd April 2024 By: Bloomberg

Copper advanced to the highest level in more than a week as investors weighed upbeat factory data from top consumer China and the potential for output cuts by the country’s leading smelters.... 


Firefly raises A$52m for Canada project
Firefly raises A$52m for Canada project
2nd April 2024 By: Creamer Media Reporter

Canada-focused FireFly Metals has announced A$52-million in funding to accelerate resource growth at its Green Bay copper and gold project, in Newfoundland. The Australia-listed company last week... 


Glencore boosts investment in Stillwater Critical Minerals
Glencore boosts investment in Stillwater Critical Minerals
2nd April 2024 By: Mariaan Webb

Global commodities trader Glencore is investing a further C$2.1-million into Stillwater Critical Minerals, providing financial support for the continued exploration of the company’s North American... 


Chile sees Codelco revival after years of copper output declines
Chile sees Codelco revival after years of copper output declines
2nd April 2024 By: Bloomberg

Codelco is turning the corner after a production slump and project overruns eroded the state-owned copper behemoth’s finances, according to a top Chilean government official. “In 2024, the... 


TRIUMPHANT SHAFT SINKING
Reaching a final depth of 1 200 m, the new ventilation shaft sunk by Murray & Roberts Cementation at Palabora Mining Company is a triumph in many respects
Last blast of new ventilation shaft celebrated
29th March 2024

Underground mining contractor Murray & Roberts Cementation and its client Palabora Mining Company (PMC) completed the last blast in the development of the miner’s new ventilation shaft at PMC’s... 


Sasscal Executive Director Dr Jane Olwoch
More green hydrogen insight on way as Southern African scientists head to Germany
28th March 2024 By: Martin Creamer

Twelve scientists from Southern African Development Community (SADC) countries will head to Germany in May, where they will have an opportunity to obtain more in-depth insight into green hydrogen... 


Jubilee CEO Leon Coetzer
Jubilee, Abu Dhabi company to form JV for Zambia waste rock project
28th March 2024 By: Darren Parker

Abu Dhabi's International Resources Holding (IRH) has exercised its right to proceed with the formation of a joint venture (JV) vehicle with diversified metals processor Jubilee Metals Group for... 


A 2023 photo from the Gresik smelter project. The smelter will not be operating at full capacity until June.
Freeport warns copper export ban could cost Indonesia $2bn in lost revenue
28th March 2024 By: Reuters

Copper miner Freeport Indonesia has warned the Indonesian government that banning exports of copper concentrate in June could lead to a loss of $2-billion in revenues for Jakarta, a company... 


A copper and cobalt mine in the DRC
Rivers near Congo copper and cobalt mines are toxic, report says
28th March 2024 By: Bloomberg

River water near some of Democratic Republic of Congo’s biggest copper and cobalt mines is toxic and may be causing widespread health problems. Scientists from Congo’s University of Lubumbashi... 


China smelters plan output cuts, no Q2 copper guidance price, sources say
28th March 2024 By: Reuters

China's top copper smelters have proposed a production cut of 5% to 10% and decided not to issue guidance prices for copper processing charges for the second quarter, two sources with knowledge of... 


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