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Sumitomo may earn-in to Hammer’s Bullrush project

Published: 27 Jun 24

Exploration company Hammer Metals has teamed up with Sumitomo Metal Mining Oceana (SMMO), providing that company with an opportunity to earn up to an 80% interest in the Bullrush project, in north-west Queensland. The Bullrush project covers sections of Williams-aged Wimberu Granite, comprising about 87 km2 of Hammer’s broader 2 800 km2 Mount Isa project.

Paladin sets guidance for resurrected Namibia uranium mine

Published: 27 Jun 24

Uranium mining company Paladin will continue to use previously mined stockpile ore for production at the Langer Heinrich mine next year, and will restart mining activities in 2026. Having recently completed the restart of the Namibian mine, Paladin on Wednesday announced its 2025 production guidance of 4-million to 4.5-million uranium oxide at a production cost of $28/lb to $31/lb.

Minerals Council CEO Mzila Mthenjane being interviewed by Mining Weekly.

Mining needs one-stop regulatory environment to boost growth – Minerals Council

Published: 27 Jun 24

South African mining needs what is often referred to as a one-stop shop to ensure that an applicant is not sent from one department to the other but goes to one place where the application is submitted and the applicant receives communication from one source. “That’s a process that needs to take place as quickly as possible,” Minerals Council South Africa CEO Mzila Mthenjane highlighted during a media conference that followed the council’s 134th AGM in Johannesburg on Wednesday.

Gold Road makes readiness advancements at Yamarna

Published: 27 Jun 24

Australian mining company Gold Road is making good progress advancing its 100%-owned resources towards mine readiness at Yamarna, east of Laverton in Western Australia. The mine readiness programme includes drilling and studies designed to unlock future value from the Yamarna tenements.

Tribunal approves Bidshelf 93’s acquisition of Dekra Automotive

Published: 27 Jun 24

The Competition Tribunal has approved the intended transaction in which heavy and light vehicle sales company Bidshelf 93 will acquire vehicle testing, inspection and certification company Dekra Automotive. The tribunal has approved the proposed merger with conditions relating to the procurement and supply of services, as well as the exchange of competitively sensitive information.

Tribunal approves Prax’s Natref stake buyout, with conditions

Published: 27 Jun 24

The Competition Tribunal has approved the merger in which oil refining and logistics company Prax will acquire energy company TotalEnergies' interest in refinery National Petroleum Refiners of South Africa (Natref). The tribunal has approved the proposed transaction subject to conditions, which involve historically disadvantaged persons transactions and capital expenditure commitments.

TNPA issues RfI for Port of Mossel Bay marine loading facilities operator

Published: 27 Jun 24

The Transnet National Ports Authority (TNPA) has published a request for information (RfI) calling on interested terminal operators to submit proposals for the refurbishment, financing, operation, maintenance and hand-back of the single point mooring and conventional buoy mooring marine loading facilities at the Port of Mossel Bay. The marine loading facilities are located offshore the Port of Mossel Bay and are used to load and discharge petroleum products to meet liquid bulk customer demands and ensure security of supply for mainly the Garden Route and Southern Cape region.

South African food inflation remained below CPI headline inflation in May

Published: 27 Jun 24

In May, for the third month in a row, South African food and non-alcoholic beverage (NAB) inflation, hereafter to be referred to simply as food inflation, ran at a level below that of consumer price index (CPI) headline inflation, reported the Bureau for Food and Agricultural Policy (BFAP) in its latest Food Inflation Brief report. Year-on-year (y-o-y) food inflation was 4.7% last month, while CPI headline inflation was 5.2%. In month-on-month (m-o-m) terms, the two rates were effectively flat, ...

Damen renews NIP agreement with dtic; celebrates more than 40 vessels built at Cape Town shipyard

Published: 27 Jun 24

Damen Shipyards Group (DSG) has signed a new strategic partnership agreement with the Department of Trade, Industry and Competition (dtic) as part of the National Industrial Participation (NIP) programme. Under the agreement, Damen subsidiary Damen Shipyards Cape Town (DSCT) will continue its localisation work and industrial participation “to the benefit of the South African shipbuilding industry and economy”, says the Dutch-owned group.

Petra shares plans to reduce operating costs, appoints new CFO

Published: 27 Jun 24

London-listed Petra Diamonds has shared its plan for a sustainable reduction of $30-million a year in operating costs from the 2025 financial year, as well as a smoothing of its development and sustaining capital profile to about $100-million a year at its South African operations to target free cash generation through the cycle. At an investor day presentation, in London, England, on June 27, Petra said approved extension projects were expected to be self-funded, with production growth to over 3.4-million carats expected by the 2028 financial year.