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Rio Tinto builds off-grid solar plant in Canada’s North

Published: 03 Jul 24

Diversified miner Rio Tinto has completed installation of a 3.5 MW capacity solar power plant at the Diavik mine, in Canada’s Northwest Territories. The project represents the largest off-grid solar power plant across Canada’s territories.

Anglo considers options to sell coal assets after Australia fire

Published: 03 Jul 24

Anglo American is considering options to push ahead with a sale of its coal business after an explosion at its flagship Australian mine, including the possibility of selling individual assets or excluding the damaged operation from a potential deal. The plan to exit coal formed part of a dramatic restructuring program announced earlier this year by Anglo, as the London-based miner was trying to fend off a takeover pursuit by larger rival BHP Group.

First Quantum jumps 5% on Panama plans for mine environmental audit

Published: 03 Jul 24

Shares of Canadian miner First Quantum Minerals closed 5% higher on the Toronto Stock Exchange on Tuesday after Panama said it would conduct an environmental audit of the company's Cobre Panama mine to decide whether it can safely reopen. Panama's government ordered the closure of the Cobre Panama mine, one of the newest and biggest copper mines in the world, in December after protests calling for more environmental protections erupted across the country and a court ruling deemed the contract to run the mine unconstitutional.

111 employees, 1 130 contractor employees impacted by Sibanye gold operation restructuring

Published: 02 Jul 24

Multinational mining and metals processing group Sibanye-Stillwater has reported that 111 employees and 1 130 contractor employees have been retrenched as a result of the restructuring of its South African gold operations. Sibanye has concluded consultations with stakeholders in terms of Section 189A of the Labour Relations Act.

Century-old Kipushi mine starts up again after 31-year hiatus

Published: 02 Jul 24

Dual-listed Ivanhoe Mines has announced the completion of construction and the restart of the Kipushi zinc/copper/lead/germanium mine, in the Democratic Republic of Congo (DRC), 100 years after it first started operations, and 31 years since it was placed on care and maintenance. First feed of ore into the new concentrator was achieved on May 31, with first concentrate subsequently produced on June 14.

Lucara appoints mineral resources VP

Published: 02 Jul 24

Diamond miner Lucara Diamond Corp, which owns and operates the Karowe mine, in Botswana, has appointed Dr Lauren Freeman as mineral resources VP, with effective from July 1. In her new role, Freeman will oversee all aspects of mineral resource management for Lucara's flagship Karowe mine and will contribute to the company's overall development strategy.

African Rainbow Minerals Executive Growth Jacques van der Bijl.

High hopes for potentially game-changing technology at platinum group metal mines

Published: 02 Jul 24

Development of an innovative new mining method for narrow tabular steep dipping orebodies has reached an advanced stage after four years of effort. The reef boring machine that has already been put through its preliminary paces is viewed as having the potential to boost platinum group metals (PGM) grades through more selective mining, which then lowers unit costs, enhances safety, streamlines downstream materials – and looks like also conceivably being able to slash the size, risk and environmental impact of tailings storage facilities.

Hot Chili appoints interim CFO

Published: 02 Jul 24

Copper exploration and development company Hot Chili has appointed Deborah Le Moignan as interim CFO with effect from July 1. Le Moignan has recently been appointed financial controller and succeeds Penelope Beattie, who stepped down to pursue other career opportunities.

WGC says gold to remain rangebound for the remainder of this year following strong first half

Published: 02 Jul 24

According a mid-year outlook report released by the World Gold Council (WGC) on July 2, gold has performed well so far this year, with a 12% rise in returns year-to-date and outpacing most major asset classes. Gold has so far benefitted from continued central bank buying, Asian investment flows, resilient consumer demand, and a steady drumbeat of geopolitical uncertainty. However, the key question in investors’ minds going forward is whether gold’s momentum can continue or if it’s running out of steam, the WGC muses.

Updated Kiaka feasibility study indicates a project with strong cash flow

Published: 02 Jul 24

A newly released feasibility update for ASX-listed West African Resources’ (WAF’s) Kiaka gold project, in Burkina Faso, shows that strong cash flows are expected from the project. The update incorporates improvements to WAF’s initial Kiaka feasibility study that was released on August 3, 2022.