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Junior coal miners bemoan logistics as single-biggest challenge to their survivalthmess

Mining Weekly 8 hours 50 minutes ago
Logistics inefficiencies in South Africa are the single-biggest reason why junior mining companies are likely to fail, said midtier coal producer Ndalamo Resources. Ndalamo CEO Shammy Luvhengo participated in a junior coal mining panel at Joburg Indaba, which was held on May 21 and 22, highlighting the biggest challenge for this sector as being Transnet’s inefficiency and saying this was creating an imbalance in the system.

Huge manganese value-add opportunity reiterated at Junior Indabathmess

Mining Weekly 9 hours 7 minutes ago
The huge opportunity that South Africa has to add value to its rich endowment of manganese through local processing was reiterated during the second day of Wednesday’s Junior Indaba. “Specific to manganese, we’re certainly very bullish,” Manganese Metal Co (MMC) CEO Louis Nel said in response to questioning by Fluor sales director Kudakwashe Maramba during a panel discussion.

Anglo shoots down BHP’s third attempt, agrees to one-week extensionthmess

Mining Weekly 10 hours 9 minutes ago
The world’s top diversified miner BHP has made a third unsolicited conditional takeover proposal for smaller rival Anglo American on Wednesday, only hours before its initial deadline for a firm intention to make an offer expired. The board of London-listed Anglo American rejected the latest proposal of £29.34 a share, but agreed to a one-week extension to the 'put up, or shut up (PUSU)' deadline under UK Takeover rules.

More funding mechanisms needed to support juniors in early stage exploration, panel saysthmess

Mining Weekly 10 hours 29 minutes ago
South Africa needs more funding mechanisms to support junior mining at an early stage of exploration, Bedrock Capital CEO Messu Mwaniki said on May 21 at the Junior Indaba in Johannesburg. “I think by now we should have much more junior mining funds available, which can be seen to come on board, from a private equity perspective. As a junior miner, at best, your mindset should be on private equity,” he said.

Edison increases its valuation of Pan African despite lower production forecastthmess

Mining Weekly 13 hours 1 minute ago
Analyst Edison Investment Research has increased its valuation of South African gold miner Pan African Resources to $0.48 a share, from $0.41 previously. London- and Johannesburg-listed Pan African earlier this month announced that it had revised its 2024 full-year production guidance to between 186 000 oz and 190 000 oz, compared with previous guidance of 180 000 oz to 190 000 oz, owing to it having ceased the processing of marginal surface sources at Evander Gold Mines.

Expert suggests new ways junior miners can classify resources thmess

Mining Weekly 13 hours 11 minutes ago
A key issue with all mineral projects is the quantification of risk and uncertainty, which has always been narrowed down to grade estimation issues; however, just basing the mineral resource category on drill spacing and a competent person’s judgment on resource boundaries is no longer good enough. Rather, it should be statistically based, since juniors could not afford to undertake vast amounts of drilling, EY natural resource principal technical consultant Andy Clay said during the Joburg Indaba, held on May 21 and 22.

BHP-Anglo prospects flag more M&A ahead for minersthmess

Mining Weekly 16 hours ago
BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said on Wednesday. The bid by the world's biggest listed miner for Anglo is expected to whet appetite for more deals in the sector whether it goes ahead or not, they said.

Clock runs down on BHP’s $43bn bid for Anglo Americanthmess

Mining Weekly 18 hours 46 minutes ago
BHP Group has just hours to launch a blockbuster bid to buy smaller mining rival Anglo American — or put its audacious takeover plan on the shelf. The proposal by the world’s biggest miner to spin off two units and then buy the remainder of Anglo would create a global copper behemoth, heralding the industry’s return to mega—deals after more than a decade. Anglo has already rejected two non-binding offers from BHP — the last worth $43-billion — and unveiled its own plans for a radical restructuring.

Latest cadastre agreement excites South Africa’s Junior Indaba panelthmess

Mining Weekly 1 day 8 hours ago
There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration regulation. “Pen was put to paper yesterday,” opening discussion chairperson and NSDV director Lili Nupen highlighted following the revelation of the SLA by Department of Mineral Resources and Energy deputy director-general and panelist Theliso Maqubela.

ESG just a new way of reporting on what mining companies have already been doing for years, ...thmess

Mining Weekly 1 day 9 hours ago
When considering the challenges involved in junior mining companies living up to increasingly stringent environmental, social and governance (ESG) requirements and reporting standards, mining and environmental law firm Malan Scholes director Hulmes Scholes has noted that ESG is just a new term for reporting what mining companies already do. As such, junior miners need not be intimidated by it, he told delegates attending the Junior Indaba, in Johannesburg, on May 21.

South Africa's R105bn green hydrogen project to be energised by hot De Aar sunshinethmess

Mining Weekly 1 day 10 hours ago
South Africa’s R105-billion green hydrogen, green ammonia project in the Eastern Cape took another major leap forward on Tuesday with the announcement of its underpinning by a cluster of nine solar projects in the very high solar yielding area of De Aar. The giga scale 1 230 MW solar project is the co-development of a consortium made up of Hive Hydrogen, Akuo Energy Afrique, Africoast Investments and Golden Sunshine Trading, which has been working towards this milestone for the past two years, and follows Hive Hydrogen signing an agreement earlier this year with Genesis Eco-Energy to implement 372 MW of wind power in the Western Cape, also in support of the green hydrogen, green ammonia project at Coega.

Eskom seeks Nersa permission to reserve grid capacity for public IPP procurement roundsthmess

Mining Weekly 1 day 10 hours ago
The National Energy Regulator of South Africa (Nersa) has invited comment on Eskom’s application to preserve and reserve grid connection capacity for independent power producers (IPPs) participating in public procurement processes implemented in line with Section 34 of the Electricity Regulation Act (ERA). In its application, Eskom indicates that it is seeking permission to discriminate in favour of public procurement IPP projects, at the expense of private IPP projects.

Menar advancing on the manganese front thmess

Mining Weekly 1 day 12 hours ago
Private investment company Menar, which is advancing steadily on the manganese front, has anthracite, coal, nickel, and gold in its diversified multi-country portfolio. The company's diversification into manganese began in 2021 with the East Manganese project in the Northern Cape, where a second manganese project is now at an advanced stage of assessment, and a manganese acquisition is under consideration.

Use resources to diversify African economies, unlock sustainable growththmess

Mining Weekly 1 day 14 hours ago
A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal and setbacks when prices are low. Chad, for example, experienced an average of 9% growth in GDP between 2001 and 2014, but since 2015, the GDP of the country has contracted and poverty increased. GDP per capita is decreasing and developmental gains have been reversed because of the inability to sustain economic growth.

Reserve Bank warns carbon taxes may cut exports by 10%thmess

Mining Weekly 1 day 16 hours ago
South African economic growth could be severely stunted if carbon taxes are widely imposed on its exports, according to a new report by the country’s central bank. The South African Reserve Bank (SARB) said the hit could reach 10% of exports and more than 9% of gross domestic product in 2050 under a worst-case scenario in which carbon taxes are slapped on all exports by all trading partners. But it also found the impact could be much lighter, in a summary of several studies into the implications of the European Union’a new Carbon Border Adjustment Mechanism on South African exports.

Anglo shareholder LGIM supports break-up plan as BHP circlesthmess

Mining Weekly 1 day 21 hours ago
Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer. The radical plan to divest Anglo's less profitable coal, nickel, diamond and platinum businesses followed its rejection of two all-share takeover approaches from BHP, the world's biggest listed mining group, which had proposed a $43-billion deal on the condition that Anglo first spins off its South African operations.

Kefi announces launch of Tulu Kapi projectthmess

Mining Weekly 2 days 8 hours ago
Aim-listed gold and copper exploration and development company Kefi has announced that the Tulu Kapi Gold Mines (TKGM) board has formally launched the project. "Our launch timing is fortuitously coinciding with the improved conditions in Ethiopia and all-time high gold prices. Tulu Kapi's high grade and high process recovery, combined with our project design, has resulted in a robust set of economics for long-term operations which should support further exploration and development along with good opportunities to continue supporting local social development projects such as the already provided local school and water supply. The returns for the capital investors and lenders are attractive and the recent exemptions from exchange controls has rendered the Ethiopian mining investment climate internationally competitive,” Kefi executive chairperson Harry Anagnostaras-Adams said on May 20.

Zimbabwe lithium miners table refinery plans under govt pressurethmess

Mining Weekly 2 days 9 hours ago
Four lithium mining companies have tabled plans to produce battery-grade lithium in Zimbabwe, a government official said on Monday. Zimbabwe, Africa's top producer of lithium, which is used in electric vehicle batteries and to store renewable energy, is prodding miners to refine the mineral locally as it hopes to boost its economy.

Eskom board approves plan to operate Camden, Grootvlei and Hendrina to 2030thmess

Mining Weekly 2 days 10 hours ago
The Eskom board has given its approval for the continued operation of the Camden, Grootvlei and Hendrina power stations to 2030 – a departure from the original decommissioning schedule that has reportedly been endorsed by Cabinet. In response to a question posed by Engineering News during an update on the Energy Action Plan, head of generation Bheki Nxumalo said: “We have just recently received board approval to run three of our stations – that is Hendrina, Grootvlei and Camden – up until 2030.”

Implats concludes a new empowerment transaction at Impala Rustenburg, Impala Bafokeng thmess

Mining Weekly 2 days 14 hours ago
JSE-listed Impala Platinum (Implats) has concluded a series of agreements, facilitating the implementation of a broad-based black economic empowerment (BBBEE) transaction at its Impala Rustenburg and Impala Bafokeng assets. The transaction will result in 13% BBBEE ownership at both Impala Platinum, which owns the Impala Rustenburg and Impala Refineries assets, and Impala Bafokeng through its wholly-owned subsidiary, Impala Bafokeng Resources (IBR).
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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