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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.

Australia's Tamboran Resources raises $75m in New York listing

Published: 27 Jun 24

Australia's Tamboran Resources has priced its shares at $24 each to raise $75-million in its New York listing, according to the company's filings on Thursday. The company sold 3.125-million shares in the deal that was priced at the bottom end of the $24 to $27 per share price range flagged when the deal launched last week.

Freeport Indonesia launches $3.7bn Gresik copper smelter

Published: 27 Jun 24

Copper and gold miner Freeport Indonesia on Thursday launched its $3.7-billion copper smelter in Gresik, East Java, that has a total input capacity of 1.7-million metric tons of copper concentrate. The smelter's output capacity will reach around 650 000 t of copper cathode and 50 t to 60 t of gold, said Tony Wenas, CEO of Freeport Indonesia, majority owned by the Indonesian government but operated by US mining giant Freeport McMoran.

Sibanye ‘will have to’ shutter US mine unless palladium recovers

Published: 27 Jun 24

Sibanye Stillwater will be forced to halt operations at its Montana palladium mine if prices don’t recover soon, according to CEO Neal Froneman. “The future of Stillwater remains in the balance,” the CEO said on Tuesday, when asked at a London conference about the outlook for the mine. “I mean it’s as simple as that. If there’s no correction in the price soon, as strategic as it is, we will have to put it on care and maintenance.”

Panel explores relevance of listed market for mining capital

Published: 26 Jun 24

The world is infinitely more complex now, with the energy transition, longer lead times and geopolitical fracturing, than in previous years and this presents challenges and questions around mining equity investment, as this is no longer as simple an exercise as before. This was one of the areas explored by speakers during a panel discussion on the second day of the London Indaba on June 26.

Theta raises another $4m for South Africa gold project

Published: 26 Jun 24

ASX-listed Theta Gold Mines has received firm commitments from investors to raise a further A$4-million (A$6.02-million) in equity funding to advance its TGME gold plant, in South Africa. The placement is in addition to the two-tranche, $10-million placement announced last month.

Nolitha Fakude, Thuli Madonsela, Mzila Mthenjane and Paul Miller.

Mining central to South Africa’s socioeconomic wellbeing, AGM hears

Published: 26 Jun 24

Given its far-reaching multiplier effect, mining is the epicentre of South Africa’s economy and social wellbeing and has been at the heart of its economic progress and development for much of this country's history, Minerals Council South Africa's 134th AGM attendees heard in Johannesburg on Wednesday. Simply put, a R1-million increase in mined output results in 2.5 economy-wide job opportunities.