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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.
grootegeluk Exxaro warns of price, production dip in first half
Published: 25 Jun 24
Diversified miner and renewable energy company Exxaro Resources expects to report lower coal and iron-ore prices, as well as lower production, for the first six months of this year. With respect to the company’s key commodities, the average benchmark API4 Richards Bay Coal Terminal (RBCT) export price for the first six months of the year is expected to average $101/t, compared with $112/t in the second half of 2023, free-on-board (FOB), a decline from the previous six months.
Major water system maintenance continues
Published: 25 Jun 24
Rand Water’s extensive, planned water reticulation system maintenance continues, impacting various City of Johannesburg (CoJ) water reservoirs and towers which are interlinked with Rand Water. In line with this, Johannesburg Water has been issuing regular alerts to residents about the planned maintenance since early June 2024, said CoJ Member of the Mayoral Committee for Environment Infrastructure Services Councillor Jack Sekwaila.
Kusile Power Plant South Africa risks losing billions pledged for climate finance
Published: 25 Jun 24
South Africa is risking a $9.3-billion climate finance pact by delaying the closing of a number of coal-fired power plants, a panel appointed by the country’s environment minister said. In an agreement known as the Just Energy Transition Partnership, South Africa won the bulk of the pledges from some of the world’s richest nations in loans, grants and guarantees in 2021. They offered to help the country reduce its dependence on coal for power generation on condition it phased out a number of its older plants using the dirtiest fuel. The worst power cuts on record last year prompted Eskom, the State power utility, to delay shutting down the facilities. Eskom has said it has decided to postpone the decommissioning of three power plants — Grootvlei, Hendrina and Camden — until 2030. A unit in the South African presidency earlier this month made a presentation about the nation’s new plans to the World Bank-linked Climate Investment Funds, which is considering allocating $500-million to South Africa. Financing from the fund could trigger a further $2-billion in investment from other partners. The content and outcome of those discussions haven’t been disclosed.
Silver paste accounts for up to 23% of the material cost of a PV cell. Sun Silver applies for $60m US tax credit for silver paste facility
Published: 25 Jun 24
Precious metals miner Sun Silver has applied to the US Department of Energy (DoE) for a $60-million investment tax credit for expenditure towards establishing a silver paste production facility in Nevada. The ASX-listed company, which is developing the Maverick Springs silver project in Elko county, is proposing a silver paste facility to supply solar photovoltaic (PV) cell manufacturers in the US.
Cosmos enhances Nunavut uranium portfolio
Published: 25 Jun 24
Australia-headquartered Cosmos Exploration has secured two additional prospective uranium projects, Angilak West and Nut Lake South, located in the emerging uranium mining district of the Thelon basin, Nunavut, Canada. The projects have been secured through direct staking.
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