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New CEO for explorer Yandal Resources

Published: 01 Jul 24

Exploration company Yandal Resources on Monday announced that Chris Oorschot had started in his role of MD and CEO. He took over from Tim Kennedy, who would continue with the company as part-time executive director for the remainder of the year to ensure a smooth transfer of responsibilities.

Ransom resigns from Perseus board due to ill health

Published: 01 Jul 24

David Ransom, nonexecutive, independent director of Perseus Mining, has tendered his resignation effective June 30, citing health reasons. Perseus, an Australian company operating three gold mines in Africa, announced Ranson’s departure in a statement on Monday.

Former Teck COO joins Newmont board

Published: 01 Jul 24

US-based goldminer Newmont has appointed Harry (Red) Conger to its board of directors, bringing 46 years of extensive mining and leadership experience. He recently retired from Canadian major Teck Resources, where he served as president and COO.

South Africa opposition makes debut in Ramaphosa’s unity Cabinet

Published: 30 Jun 24

South African President Cyril Ramaphosa announced his new Cabinet, allocating ministerial posts to opposition politicians while retaining close ally Enoch Godongwana as finance minister. The announcement of the new executive followed more than a week of negotiations that ensued when the African National Congress invited its rivals to join a so-called government of national unity after losing its parliamentary majority in May 29 elections. Nine parties accepted the offer and agreed to back Ramaphosa’s reappointment as president in exchange for being allocated other posts.

Anglo further supports education, entrepreneurship with handover of Jhb CBD building to Wits Business School

Published: 28 Jun 24

Demonstrating its broad commitment to education, entrepreneurship and leaving a positive legacy in the Johannesburg central business district (CBD), diversified miner Anglo American on June 28 celebrated the official handover of its building at 47 Main street, in Johannesburg, to Wits Business School (WBS). This showcases the company’s commitment to working with partners, including inner-city stakeholders, academia, small, medium-sized and microenterprises, civic organisations and residents, to rejuvenate the CBD and surrounds.

FQM to launch formal arbitration versus Panama in July

Published: 28 Jun 24

Canadian miner First Quantum Minerals will launch formal arbitration proceedings against Panama in July over the country's decision to close the giant Cobre Panama mine last November, two people familiar with the matter told Reuters. The move coincides with the start of a new administration in the Central American country that could determine the future of one of the world's newest and biggest copper mines that had been responsible for 1% of global output prior to being shuttered.

MC Mining signs R20m loan agreement with shareholder

Published: 28 Jun 24

Coal miner MC Mining has entered into a R20-million, or $1.1-million, loan facility with South Africa-based private company Dendocept for working capital purposes. Dendocept has a 6.8% shareholding in MC Mining.