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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.
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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.
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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.
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ARM African Rainbow Minerals
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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.
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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.
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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.
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Endeavour achieves first gold pour at Lafigué
Published: 02 Jul 24
LSE-, TSX- and OTCQX-listed Endeavour Mining made its first gold pour from the Lafigué mine, in Côte d’Ivoire, on June 28, marking the delivery of the project’s construction on budget and a quarter ahead of schedule. “Alongside the first gold pour at the Sabodala-Massawa BIOX expansion that we achieved in April, [this] marks the successful completion of the recent phase of investment and growth that we started in the second quarter of 2022.
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Gem Diamonds recovers 123 ct diamond from Letšeng
Published: 02 Jul 24
London-listed Gem Diamonds has recovered a 123.20 ct Type II white diamond from the Letšeng mine, in Lesotho.
This marks the eighth diamond greater than 100 ct in size that the company has recovered in the year.
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Minerals Council reiterates mining industry priorities as it welcomed Mantashe’s reappointment
Published: 02 Jul 24
Industry body the Minerals Council South Africa has welcomed the reappointment of Gwede Mantashe as Mineral and Petroleum Resources Minister, with this Ministry having been separated from that of Electricity and Energy, which continues to be headed by Kgosientsho Ramokgopa.
The council’s newly elected president Nombasa Tsengwa says Mantashe’s reappointment brings continuity in the engagements and relationships that the council has fostered with him since his initial appointment as then Mineral Resources and Energy Minister in 2018.
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Published: 05 Jul 24
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Published: 05 Jul 24
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Canada approves Teck’s coal sale to Glencore
Published: 05 Jul 24
The Canadian government has approved commodities major Glencore’s acquisition of Teck Resources’ metallurgical coal business, Elk Valley Resources...
Cyanide spill detected near Victoria Gold’s Eagle mine in Yukon
Published: 05 Jul 24
Canada’s Yukon Territory said elevated levels of cyanide were detected in a waterway near Victoria Gold’s Eagle Mine after an equipment failure and...
