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Paladin sets guidance for resurrected Namibia uranium mine

Published: 27 Jun 24

Uranium mining company Paladin will continue to use previously mined stockpile ore for production at the Langer Heinrich mine next year, and will restart mining activities in 2026. Having recently completed the restart of the Namibian mine, Paladin on Wednesday announced its 2025 production guidance of 4-million to 4.5-million uranium oxide at a production cost of $28/lb to $31/lb.

Minerals Council CEO Mzila Mthenjane being interviewed by Mining Weekly.

Mining needs one-stop regulatory environment to boost growth – Minerals Council

Published: 27 Jun 24

South African mining needs what is often referred to as a one-stop shop to ensure that an applicant is not sent from one department to the other but goes to one place where the application is submitted and the applicant receives communication from one source. “That’s a process that needs to take place as quickly as possible,” Minerals Council South Africa CEO Mzila Mthenjane highlighted during a media conference that followed the council’s 134th AGM in Johannesburg on Wednesday.

Gold Road makes readiness advancements at Yamarna

Published: 27 Jun 24

Australian mining company Gold Road is making good progress advancing its 100%-owned resources towards mine readiness at Yamarna, east of Laverton in Western Australia. The mine readiness programme includes drilling and studies designed to unlock future value from the Yamarna tenements.

Petra shares plans to reduce operating costs, appoints new CFO

Published: 27 Jun 24

London-listed Petra Diamonds has shared its plan for a sustainable reduction of $30-million a year in operating costs from the 2025 financial year, as well as a smoothing of its development and sustaining capital profile to about $100-million a year at its South African operations to target free cash generation through the cycle. At an investor day presentation, in London, England, on June 27, Petra said approved extension projects were expected to be self-funded, with production growth to over 3.4-million carats expected by the 2028 financial year.

Speakers who participated in Creamer Media's ESG in Mining webinar

Experts unpack the evolution of ESG across the mining value chain

Published: 27 Jun 24

Environmental, social and governance (ESG) has evolved to being driven by external factors such as shareholder activism and investor confidence, rather than regulatory frameworks, finds a panel discussion hosted by Creamer Media on June 26. ESG strategies are also becoming increasingly data-driven, with quantifiable and measurable outcomes and thorough reporting, which many mining companies are doing voluntarily.

New Pacific shares PFS results for Bolivia silver asset

Published: 27 Jun 24

Toronto-listed New Pacific Metals has announced the results of its prefeasibility study (PFS) for the Silver Sand project, in Bolivia, confirming its potential to become a high-grade, low-cost pure silver producer. This, CEO Andrew Williams says, sets it apart as a rare and valuable asset in the industry.

Alaska Natives sue EPA over Pebble mine veto, Northern Dynasty says

Published: 27 Jun 24

Northern Dynasty Minerals said on Wednesday two Alaska native village corporations had sued the Environmental Protection Agency (EPA) for its veto against the Canadian miner's proposed Pebble mine in the state's southwest region. Iliamna Natives Limited and Alaska Peninsula Corporation, which represent the communities closest to the copper and gold mining project, sued the EPA for exceeding its authority related to the veto, Northern Dynasty said in a statement.

Eskay and P2Gold terminate business combination

Published: 27 Jun 24

Canadian juniors Eskay Mining and P2Gold have announced that they would terminate their proposed business combination transaction, citing market conditions. The companies earlier this month announced a nonbinding letter of intent to create a gold and copper explorer focused on the Golden Triangle of British Columbia and Nevada.

Akobo completes processing plant, starts commissioning in Ethiopia

Published: 27 Jun 24

Scandinavia-based gold exploration and mining company Akobo Minerals has successfully completed the construction of its processing plant and has started commissioning activities at its operation in Ethiopia. The company currently holds an extensive exploration licence encompassing 182 km2 and a 16 km2 mining licence with an active mining operation in the Gambela region and Dima Woreda, Ethiopia.

Vedanta in talks with IHC unit, investors for Zambian copper stake sale

Published: 27 Jun 24

International Resources Holding (IRH), the mining investment arm of United Arab Emirates' richest company, is among investors holding talks on buying into Vedanta Resources' Zambian copper assets, a senior Vedanta executive told Reuters. IRH, a unit of Abu Dhabi's International Holding Company which holds about $244-billion in assets, is interested in acquiring a stake in Konkola Copper Mines (KCM) and is conducting due diligence on the assets, Chris Griffith, Vedanta's chief executive for base metals, said.