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Mali greenlights Leo’s exit from Goulamina lithium projectthmess

Mining Weekly 15 hours 55 minutes ago
ASX-listed Leo Lithium has received conditional approval from the Mali government for the sale of its remaining 40% stake in Mali Lithium BV (MLBV) to China’s Ganfeng, a critical step in the company’s exit from the Goulamina lithium project. Leo announced last month that it had agreed to sell its remaining interest in MLBV, having failed to reach an agreement with the government over issues relating to the project.

Bibiani sulphide recovery plant long-lead items expected by mid-August – Asantethmess

Mining Weekly 16 hours 18 minutes ago
Ghana-focused Asante Gold has reported substantial progress at its sulphide recovery plant at the Bibiani gold mine, with the principle long-lead equipment expected to be delivered to site by mid-August. Installation of the sulphide recovery plant is expected to improve gold recovery and have a significant impact on the all in sustaining cost (AISC) per ounce produced and the profit margins at Bibiani. Gold recovery from sulphide ore is expected to increase from 70% to about 92%, the company said.

G7 leaders commit to faster transition from fossil fuels - draft statementthmess

Mining Weekly 16 hours 41 minutes ago
Leaders of the Group of Seven (G7) developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their ongoing summit in Italy. "We will transition away from fossil fuels in energy systems in a just, orderly, and equitable manner, accelerating actions in this critical decade, to achieve net-zero by 2050 in keeping with the best available science," says the draft seen by Reuters.

Arc starts drilling at Botswana project thmess

Mining Weekly 17 hours 58 minutes ago
London-listed Arc announces the start of an exploration drilling programme over the company’s PL135/2017 and PL162/2017 licences at its Virgo project within the highly prospective central structural corridor of the Kalahari Copper Belt (KCB) in Botswana. At the end of May, Arc reported on the results of an “encouraging” induced polarisation survey which confirmed potential drill targets along two distinct trends of high chargeability close to the interpreted redox contact.

Opinion: Beware, but do not fear!thmess

Mining Weekly 22 hours 33 minutes ago
In this article, Webber Wentzel senior associate Francois Sieberhagen writes about the implications of the Supreme Court of Appeal's (SCA's) judgment in the case of Minister of Mineral Resources and Energy & Three Others vs Sustaining the Wild Coast NPC and Eight Others.

Mining production rose by a modest 0.7% y/y in Aprilthmess

Mining Weekly 1 day 12 hours ago
Mining production rose by a modest 0.7% in April, after declining by -4.8% year-on-year – revised from -5.8% year-on-year – in March, data published by Statistics South Africa (Stats SA) shows. Commenting on the statistics, Investec economist Lara Hodes says output was weaker than consensus expectations of a 1.1% year-on-year increase in production.

Pensana appoints new Longonjo construction manager as site works progressthmess

Mining Weekly 1 day 13 hours ago
Rare earths mining company Penansa has announced the appoinment of Luigi Bruni as construction manager for the site team at the Longonjo rare earths project, in Angola. Bruni brings practical experience to the project, having served as construction manager for 15 international mining and oil and gas projects over the past 20 years. Further, containerised 350-person accommodation facilities recently arrived in Angola, having been transported from South Africa via sea, rail and road. The multiple logistics routes for transporting containers to site have now successfully been confirmed ahead of transport of the modular processing plant.

NextSource inks $91m mandate letter to fund Madagascar graphite expansionthmess

Mining Weekly 1 day 13 hours ago
Battery metals supplier NextSource Materials on Thursday announced the signing of a mandate letter with the International Finance Corporation (IFC) to fund the expansion of the Molo graphite mine, in Madagascar. The company is planning a large-scale expansion of the Molo mine and processing capacity from 17 000 t/y to 150 000 t/y of SuperFlake graphite concentrate.

Gold Fields lowers full-year output guidance as Chile mine hit by severe weatherthmess

Mining Weekly 1 day 15 hours ago
JSE- and NYSE-listed Gold Fields has revised its group-wide full-year production guidance downward, from between 2.33-million and 2.43-million ounces, to between 2.20-million and 2.30-million ounces, owing to a production revision at its Salares Norte project, in Chile, where production is uncertain owing to winter events. The production guidance for Salares Norte has been revised down from the previously indicated gold-equivalent ounces range of 220 000 oz to 240 000 oz, to 90 000 oz to 180 000 oz.

Demand for Krugerrands up as consumers diversifythmess

Mining Weekly 1 day 18 hours ago
Financial institution First National Bank (FNB) says it has seen strong demand from clients buying Krugerrands on its trading platforms as consumers embrace alternative asset classes to diversify their investment portfolios. Over the past year, FNB assisted with facilitating the delivery of over 2 200 Krugerrands on its trading platforms.

South32’s Samancor Manganese to sell Metalloys smelter to South African companythmess

Mining Weekly 1 day 18 hours ago
South32 subsidiary Samancor Manganese has entered into a binding agreement for the sale of the Metalloys manganese alloy smelter, in Gauteng, to Khwelamet, an entity jointly owned by Menar and Ntiso Investing Holdings. Completion of the transaction is subject to certain conditions, including competition approval and regulatory approvals, which are expected to occur in the second half of the 2025 financial year, at which time the buyer would assume the assets and liabilities comprising Metalloys.

Zimbabwe’s ferrochrome miners agree to build power plantsthmess

Mining Weekly 1 day 18 hours ago
Zimbabwe’s ferrochrome miners, the nation’s biggest electricity consumers, have agreed to build their own power plants over the next two years as the government seeks to balance energy demand. Under the agreement, ferrochrome producers will in the meantime pay electricity tariffs that are little more than half the rate charged to other mining companies, according to state power utility Zesa Holdings.

Zambia to set up mineral investment and trading unitthmess

Mining Weekly 2 days 12 hours ago
Zambia will set up a new entity for investment and trading in minerals as it seeks to earn more from its natural resources, the Cabinet said on Wednesday after giving its approval. The government of Zambia, Africa's second largest copper producer which currently owns several mining assets through ZCCM Investment Holdings, will establish a special purpose vehicle (SPV) for investment and trading purposes, it said.

Four central banks sign London Principles to formalise artisanal small-scale gold mining sectorthmess

Mining Weekly 2 days 13 hours ago
The World Gold Council (WGC) has announced that four central banks have committed to signing ‘The London Principles’, which is a set of operating principles to help structure and formalise central bank artisanal and small-scale gold mining (ASGM) domestic purchase programmes (DPP). The inaugural signatories are Colombia’s Banco de la República, Banco Central del Ecuador, the Bank of Mongolia and Bangko Sentral ng Pilipinas. The commitment of these institutions represents progress towards more responsible gold sourcing practices worldwide, the WGC said on June 12.

Forget copper and gold as steelmaking manganese outperformsthmess

Mining Weekly 2 days 15 hours ago
Manganese, an essential steel-making ingredient, has outstripped copper, gold and many other commodities this year after a cyclone halted exports from the world’s second-largest mine in March. Prices of 44% grade manganese ore have almost doubled since the start of the year, beating gains of 15% in copper, 12% in gold and almost 30% in tin.
Mining Weekly covers real-time news on mining projects across a range of minerals including gold, platinum, diamonds, copper and ferrous metals.
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