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Policy uncertainty index moves further into negative territory in the second quarter
Published: 26 Jun 24
The North West University (NWU) Business School’s Policy Uncertainty Index (PUI) moved further into negative territory in the second quarter, rising to 68.3 points, compared with 65.8 in the first quarter. This is, however, unsurprising given the uncertainty that weighed on business and market sentiment ahead of the national elections.
Anglo Executive Market Development Head Benny Oeyen Anglo spearheading exciting new clean hydrogen mobility initiative across Europe
Published: 26 Jun 24
Platinum-based hydrogen fuel cell electric vehicles (FCEVs) received a major boost on Wednesday with the announcement of an initiative to deploy new fleets of zero-emission FCEV taxis in Europe. With nearly 500 000 pilot project passenger journeys across six million kilometres taking place as part of a pilot project that began in 2023, a strong thumbs up is now being given to FCEVs, which are particularly well suited to vehicle fleets such as taxis and buses.
Matla power station Eskom reports arrest of copper cable thief at Matla
Published: 26 Jun 24
State-owned power utility Eskom has apprehended a suspected copper cable thief at the Matla power station after security officers discovered the individual during routine search duties. The incident, which took place on June 23, was reported to the Kriel police station, with the suspect now facing charges of theft and unlawful possession of about R4 000 worth of copper cable.
Mining filtration solutions transform operational efficiency, sustainability Mining filtration solutions transform operational efficiency, sustainability Has Video
Published: 26 Jun 24
Advanced filtration technologies are proving to be pivotal in optimising efficiency and sustainability efforts in the mining industry. This was the focal point of a recent webinar hosted by Creamer Media Webinars for unique filtration technologies provider Donaldson. The company’s advanced filtration technologies [MS1] provide comprehensive solutions for both above- and below-ground mining, while their innovative solutions reduce maintenance costs and boost equipment uptime.
Diamonds being sorted De Beers sells $315m of rough diamonds in fifth cycle
Published: 26 Jun 24
Diamond miner De Beers sold $315-million worth of rough diamonds in the fifth sales cycle of this year, compared with the $383-million worth of diamonds sold in the fourth cycle of this year. Sales were also lower than the $456-million recorded in the fifth sales cycle of 2023.
Lundin ups stake in Chile copper mine Lundin ups stake in Chile copper mine
Published: 26 Jun 24
Canadian base metals mining company Lundin Mining has accelerated an option to increase its interest in SCM Minera Lumina Copper, which owns the Caserones copper and molybdenum mine, in Chile. The company, which trades on the TSX and Nasdaq Stockholm exchanges, will acquire a further 19% interest in Caserones from JX Advanced Metals for $350-million.
Stream sediment sampling Northern Ireland Karelian sees nickel, copper, PGE potential in Northern Ireland
Published: 26 Jun 24
Diamond exploration company Karelian Diamonds has unveiled promising indications of nickel, copper and platinum group elements (PGE) in its licence areas in northern Ireland. This follows an assessment conducted by independent geological consultant Dr Larry Hulbert, initiated after Karelian identified indicator minerals during a stream sediment sampling programme.
The gold pour will take place at the Fort Knox mill. First gold pour at Manh Choh scheduled for early next month
Published: 26 Jun 24
The first gold pour for the Manh Choh mine, in Alaska, will take place at the Fort Knox mill facility on July 8, joint venture (JV) partner Contango announced on Tuesday. The event marks a culmination of efforts since the inception of the Manh Choh project, characterised by its high-quality gold deposit and robust operational advancements, said Cantango CEO and president Rick Van Nieuwenhuyse.
McEwen raises $70m for Los Azules copper advancement McEwen raises $70m for Los Azules copper advancement
Published: 26 Jun 24
Dual-listed McEwen Mining has announced a step forward for its Los Azules copper project with a $70-million financing initiative through its subsidiary, McEwen Copper. The financing, conducted through a nonbrokered private placement, aims to issue up to 2.34-million shares at $30 each.
Vale returns to global debt markets with sale of dollar bonds
Published: 26 Jun 24
Vale, the world’s second largest iron-ore producer, is tapping international bond markets for the first time in a year amid a debt buyback. Vale Overseas, a subsidiary of the Rio de Janeiro-based firm, is selling new dollar notes maturing in 30 years, according to people familiar with the matter. Initial price talks are taking place at a spread of about 250 basis points over similar US Treasuries, said the people, who asked not to be identified because they’re not authorized to speak about it.
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