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India in talks with Africa, Latin America countries for critical mineral blocks, official says
Published: 02 Jul 24
India is in talks with countries in Africa and Latin America to get critical mineral blocks on a government-to-government basis, Veena Kumari Dermal, joint secretary of the Ministry of Mines, said at an industry event on Tuesday. The official said that India is also in discussions with Australia for critical minerals.
Trade, Industry and Competition Minister Parks Tau New trade and industry leadership expected to use industrial policy levers to support key sectors
Published: 02 Jul 24
With industrial policy back in fashion in many economies, business and policy specialists expect new Trade, Industry and Competition Minister Parks Tau to prioritise measures to support key sectors, including those aligned to the emerging green economy. The former Department of Cooperative Governance and Traditional Affairs Deputy Minister and City of Johannesburg Executive Mayor has been appointed to the position in the government of national unity (GNU) together with two deputies, Zuko Godlimpi, also of the African National Congress, and Andrew Whitfield, of the Democratic Alliance.
Study confirms Jaguar’s nickel sulphide production potential Study confirms Jaguar’s nickel sulphide production potential
Published: 02 Jul 24
Australia-listed Centaurus Metals has announced the results of a feasibility study for the Jaguar nickel sulphide project in northern Brazil, highlighting the strong economics from an initial concentrate-only project delivering a long-life production profile at first quartile operating costs. The study considers openpit nickel sulphide ore over an initial 18-year mine life, delivering nickel sulphide feed to a 3.4-million tonne-a-year conventional nickel flotation plant to produce about 18 700 t/y of recovered nickel metal at a C1 operating cost of $2.30/lb and an all-in sustaining cost of $3.47/lb.
Renergade discovers Ernest Henry-style IOCG breccia zone
Published: 02 Jul 24
Brisbane-based Renergade Exploration on Tuesday announced the discovery of a large iron-oxide copper gold (IOCG) breccia system at its Mongoose Deeps prospect, near Cloncurry, similar in characteristics to the nearby Ernest Henry mine, after its maiden drill hole reached a target depth of 1 612 m. Renergade chairperson Robert Kirtlan described the drill. Result as a “terrific reward” for six months of geophysics, processing, modelling, mapping and planning.
Deep Yellow initiates financing process for Namibia uranium project
Published: 02 Jul 24
Uranium project developer Deep Yellow has appointed Nedbank as the mandated lead arranger and bookrunner to coordinate and arrange project financing for its flagship Tumas project, in Namibia. The ASX-listed mining company says Nedbank has an extensive track record in financing mining projects across Africa. The current Deep Yellow management team previously worked with Nedbank in project financings for a uranium project in Namibia and a second African project.
Ironbark Zinc completes Mt Isa projects buy
Published: 02 Jul 24
Exploration company Ironbark Zinc has completed the acquisition of an 80% interest in the Simon and Anderson projects, in Mt Isa, Queensland, from fellow-listed Aeon Metals. The company finalised the acquisition following a successful site reconnaissance trip last month.
Australian Vanadium completes initial phase of optimised study
Published: 02 Jul 24
Exploration and development company Australian Vanadium (AVL) has completed the first phase of an optimised feasibility study for its Western Australian project, confirming the preferred development pathway for an integrated project. The company merged with Technology Metals Australia (TMT) in February, amalgamating their adjacent mining projects across one orebody at Gabinintha. This provided opportunities to realise synergies from creating a consolidated project.
Santana applies for secondary New Zealand listing Santana applies for secondary New Zealand listing
Published: 02 Jul 24
Precious metals exploration company Santana Minerals has applied for a secondary listing on the New Zealand main board, with a targeted listing date of July 25. This will be in addition to its primary listing on the ASX. The proposed New Zealand listing is intended to provide opportunity for shareholders to migrate their shares to the NZX and show the support that they have for Santana in country.
Evolution extends South Cowal option agreement
Published: 02 Jul 24
Gold miner Evolution Mining has extended the option to purchase tenements nearby its operating Cowal gold mine, in NewSouth Wales, for a third and final year for further evaluation and exploration. A two-year option agreement with ASX-listed Strategic Energy Resources was due to expire on September 26, 2024, but Evolution has elected to extend the option period for a further 12 months.
Vale reports second board exit in four months amid CEO search Vale reports second board exit in four months amid CEO search
Published: 02 Jul 24
Brazilian miner Vale has lost its second board member in less than four months, it said in a filing on Monday, reporting the resignation of Vera Marie Inkster. Vale, which is in the process of looking for a new CEO, gave no reason for Inkster's resignation in the filing.
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