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Letlhakane infill drilling delivers high-grade intercepts

Published: 25 Jun 24

In an update on the initial 55 holes of a 180-hole drill programme at its large-scale Letlhakane uranium project in Botswana, ASX-listed Lotus Resources has reported that completed drill holes have intersected mineralisation confirming continuity and grade. The reverse circulation (RC) drilling is being carried out by Rotsdrill Exploration, a Botswana-registered drilling contractor, with the downhole radiometric logging being carried out by Lotus’ own geological team.

Ford celebrates 1m Rangers; looks to PHEV production start before year-end

Published: 25 Jun 24

Ford South Africa (SA) has celebrated the assembly of the one-millionth Ranger at its Silverton plant in Pretoria. While the first million bakkies has taken 24 years, the second million is set to happen before the decade is out, should production continue at the current rate of roughly 200 000 units a year.

Exiting coal isn’t the way to net zero, Australian pension says

Published: 25 Jun 24

Blacklisting the coal industry won’t get the world to net zero emissions, according to an Australian pension fund that says such exclusions ultimately slow down the transition to a low-carbon economy. Vision Super, which oversees a A$14-billion portfolio, is adding its voice to an increasingly heated debate on how institutional investors should tackle climate change.

Aluminium prices under pressure, but brighter prospects on the horizon

Published: 25 Jun 24

Weak global manufacturing has hit aluminium prices, but the impact is likely to be short-lived as the physical market is tight, including in top consumer China. A deficit in top producer China - expected to produce 42.5-million metric tons, close to its 45-million ton capacity - and short supplies of feedstocks bauxite and alumina are expected to push aluminium prices back on an upward trajectory.

SA Canegrowers implores new Tongaat owners to pay outstanding levies

Published: 25 Jun 24

Following the Competition Commission recommendation that the Competition Commission approve Vision consortium’s proposed takeover of embattled sugar producer Tongaat Hulett, industry body SA Canegrowers hopes the consortium will honour the R526-million in outstanding levies owed by Tongaat to the sugar industry. The overdue payment of industry levies has put canegrowers and other sugar industry members, particularly small-scale farmers, at risk.

WEF highlights AI, cooling solutions, genomics, carbon capture as top emerging technologies

Published: 25 Jun 24

The World Economic Forum (WEF) has identified the ten technologies with the greatest potential to make a positive impact in the world in the next three to five years. The WEF unpacks these technologies in a ‘Top 10 Emerging Technologies’ report, published on June 25, explaining that technology enables improved decision-making through understanding the factors that shape the future, and revolutionising connectivity.

Madison confirms high-grade uranium deposits after completing maiden drill programme at Khan

Published: 25 Jun 24

Uranium exploration company Madison Metals has completed its maiden reverse circulation (RC) drill programme of 997 m over nine holes at its Khan uranium project at Madison West, located in Namibia’s Central Erongo uranium province. Drilling has confirmed high-grade uranium deposits.

An image showing Orion Mineral's Prieska mine

Orion’s shares halted ahead of capital raising announcement

Published: 25 Jun 24

JSE- and ASX-listed Orion Minerals’ shares will be placed in a trading halt, pending the release of an announcement regarding a capital raising. Orion expects to make an announcement to the market concerning this matter before the start of trade on June 27.

An image of Marula Mining CEO Jason Brewer

Marula signs export logistics agreement for Kenyan mine

Published: 25 Jun 24

Africa-focused mining and development company Marula Mining has entered into an export logistics agreement with Scan Global Logistics (SGL) Group’s Kenya-based subsidiary, SGL Kenya, for the transportation and export of manganese ore from the Larisoro manganese mine located in Samburu County in northern Kenya. Under the terms of the logistics agreement, SGL Kenya will manage and oversee all aspects of the ore transportation and shipping process, including the loading and railing of containers to the Port of Mombasa, export booking process, customs clearance and all port-related processes, sea freight and shipping arrangements.

Eramet, BASF cancel plan to invest $2.6bn in refining complex in Indonesia

Published: 25 Jun 24

French miner Eramet said on Monday it had decided, along with Germany's BASF, to cancel a $2.6-billion joint investment project in a nickel-cobalt refining complex in Weda Bay, Indonesia. "After a thorough evaluation, including discussions about project execution strategy, both partners have decided against this investment," Eramet said in a news release, without elaborating.