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Mako completes Goldsource Mines buy

Published: 04 Jul 24

Gold mining company Mako has completed its previously announced acquisition of Goldsource. As a result of the transaction, Mako now owns the Eagle Mountain gold project, in Guyana. The Goldsource shares are expected to be delisted from the TSX-V.

Saga Metals and Rio Tinto to explore for lithium in Canada

Published: 04 Jul 24

North American exploration company Saga Metals has announced the execution of an option to joint venture agreement with Rio Tinto Exploration Canada (RTEC) for its Legacy lithium project, in James Bay, Quebec. The Rio Tinto subsidiary will have an option to acquire an initial 51% interest in the Legacy project over four years, for about C$10.5-million in cash and exploration commitments.

Petra Diamonds' Cullinan mine, in South Africa

Petra Diamonds concludes last sales cycle for FY24, generates higher revenue

Published: 04 Jul 24

London-listed Petra Diamonds has generated $38-million of revenue in its seventh tender cycle for the year, having sold 337 064 ct. This brings revenue for the 2024 financial year to $366-million, with 3.15-million carats sold, compared with revenue of $324-million and 2.32-million carats sold in the prior year.

Brikor plans to delist from the JSE

Published: 04 Jul 24

The board of directors of building materials manufacturer and supplier Brikor has advised shareholders that it is considering proposing an arrangement to repurchase the shares held by the remaining shareholders in Brikor, other than those of Nikkel Trading 392 and the Brikor Share Incentive Scheme. Thereafter, Brikor's shares will be delisted from the JSE.

CBE commits to professionalise construction sector alongside new infrastructure Minister, Deputy Minister

Published: 04 Jul 24

Regulatory body the Council for the Built Environment (CBE) has welcomed the appointments of Public Works and Infrastructure Minister Dean Macpherson and Deputy Minister Sihle Zikalala, and says it will work with them to professionalise the built environment sector. "We aim for a future in which our sector is recognised not just for its bricks and mortar, but for its contributions to society and economic development.

A rhino whose horns have been injected with radioactive pellets

Venture capital sought to fund atomic rhino poaching deterrent

Published: 04 Jul 24

A South African startup that’s promoting the use of implanted radioactive pellets to deter the poaching of endangered animals such as rhinos is seeking venture capital support to roll out the project commercially. The Rhisotope Project, which began in 2021, last month inserted the pellets into the horns of 20 rhinos as the final research stage before marketing the technology. Now, in order to roll out the program, it needs to raise close to $1-million.