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McEwen advances new mine at Fox Complex

Published: 21 Jun 24

Canada-based McEwen Mining is developing a new mining operation at the Stock property of the Fox Complex, in Timmins, Ontario. The Stock property, which includes the former Stock mill and mine, has yielded about 137 000 oz of gold from an underground operation between 1989 and 2005.

WAF draws down $265m loan to build Burkina Faso gold project

Published: 21 Jun 24

ASX-listed unhedged gold mining company West African Resources (WAF) has fully drawn down the $265-million secured loan facility from Sprott Resource Lending and Burkina Faso-based Coris Bank International for the development of the company’s Kiaka gold project, in Burkina Faso, and other corporate purposes.

China Baowu completes purchases of stake at Simandou project

Published: 21 Jun 24

China Baowu Steel Group has completed its purchase of a stake in the Simandou project in Guinea, as China’s top steelmaker looks to expand its interest in the world’s largest untapped iron ore mine. Baowu bought an undisclosed stake from Winning Consortium Simandou, which owns the two northern blocks of the project, the Chinese steel mill said in a statement on Thursday. The consortium that sold the stake comprises Singapore’s Winning International Group and aluminum maker China Hongqiao Group.

Tshwane's energy procurement plans

Published: 21 Jun 24

Engineering News editor Terence Creamer discusses the City of Tshwane's plans to procure 1 000 MW of new electricity generation capacity and how it is likely to proceed with the procurement processes for that capacity.

Orion, Thungela, Richards Bay Minerals make headlines

Published: 21 Jun 24

Mining Weekly Editor Martin Creamer discusses South Africa becoming one of the world’s most compelling short-term investment stories, which is good news for Orion Minerals; Thungela Resources being poised to spend R3.9-billion worth of capital in South Africa going forward; and Richards Bay Minerals looking to on-site renewables, storage & aggregation.

China's Tsingshan $1bn steel plant in Zimbabwe starts production

Published: 21 Jun 24

China's nickel giant Tsingshan Holding Group has started production at its $1-billion steel plant in central Zimbabwe, a company official said on Thursday. Tsingshan's Dinson Iron and Steel Company will produce 600 000 metric tons of carbon steel annually during the first phase of its operations, project director Wilfred Motsi told reporters during a tour of the plant.

France's Orano says Niger has removed mining permit for its Imouraren unit

Published: 21 Jun 24

French company Orano said on Thursday that Niger had removed a mining permit for its subsidiary Imouraren. Orano said the decision would have a negative economic impact on Niger and added it reserved the right to take legal measures to challenge the decision.

China's coal imports from Russia rise to eight-month high in May

Published: 21 Jun 24

Russia's coal shipments to China rose to the highest level in eight months in May after Moscow suspended export duties, official data showed on Thursday. Russia's coal exports to China rose to 9.1-million metric tons in May, according to Chinese customs administration data. That was up 1.5% on the year and the highest level since September.

Allegations of human rights abuses 'unfounded', Barrick Gold tells UNHRC

Published: 21 Jun 24

Barrick Gold said in a letter to the United Nations Human Rights Council on Thursday that allegations of human rights violations at its North Mara gold mine were "misdirected, unfounded" and "lacked substance". The UNHRC's special procedures branch had sent a letter to the Canadian gold miner in April, saying it had received information about allegations of killings, assault, torture, sexual abuse and violence against women and girls, among others, committed by security forces and private security contractors at the North Mara mine in northern Tanzania.

Canada oil sands group removes online content over federal anti-greenwashing rules

Published: 21 Jun 24

he Pathways Alliance, a group of Canada's biggest oil sands producers, has removed all content about environmental goals from its website and social media pages, citing "significant uncertainty" over the federal government's anti-greenwashing legislation. Bill C-59, which only needs royal assent to become law after Canada's parliament gave approval on Wednesday, would force companies to show proof of their environmental claims.