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Diederichs becomes Predictive COO as firm bolsters management to support Guinea project progress

Published: 18 Jun 24

ASX-listed Predictive Discovery has made several key appointments to further strengthen its board and management team, to support progress with the 5.38-million-ounce Bankan gold project in Guinea. Alberto Lavandeira joins as non-executive director, bringing more than 45 years of development and operating experience across gold, copper and industrial minerals in Africa and Europe.

Galantas’ Omagh trial stoping proves viability of mining method

Published: 18 Jun 24

TSX-V-listed Galantas Gold has completed its trial stoping programme at the Cavanacaw gold mine at the Omagh project in county Tyrone, Northern Ireland. This programme has enhanced the company’s understanding of the mine development process and confirmed the viability of using a longhole mining method with backfill at Cavanacaw. “The trial stoping has provided sufficient information to bring a high level of confidence for a successful stoping programme in the future,” stated CEO Mario Stifano.

Debswana reports fatality at its Jwaneng mine

Published: 18 Jun 24

Botswana's Debswana Diamond Company on Tuesday reported a fatality at its Jwaneng mine following an accident involving a crane and drill rig. The incident, which took place on Monday, involved an employee of one of Debswana's contracting companies, it said in a statement. Investigations into the incident are ongoing, Debswana added.

Thungela Resources active in Mpumalanga.

Thungela poised to spend R3.9bn capital in South Africa

Published: 18 Jun 24

Johannesburg Stock Exchange-listed Thungela Resources is poised to spend R3.9-billion worth of capital in South Africa going forward. An estimated R1.3-billion of this capital expenditure (capex) is scheduled to be spent in the next six months and a further R800-million in the final six months of the company’s financial year to end June 2025.

An image showing a rig at the Dasa project

Global Atomic’s Niger project nearing financing from US development bank

Published: 18 Jun 24

TSX-listed Global Atomic is on the verge of securing financing for the development of the Dasa uranium project in Niger. Among the approaches is a proposed $295-million debt financing led by a US development bank that is progressing towards approval. In addition to debt financing, Global Atomic has received multiple offers for pre-payments on uranium delivery contracts, strategic equity investment, minority joint venture investments at project level and equity financing from various institutions and private equity firms.

Nevada Copper initiates sales process amid Chapter 11 bankruptcy

Published: 18 Jun 24

Nevada Copper, the financially troubled owner of the Pumpkin Hollow copper mine, has initiated a sales process as part of its ongoing Chapter 11 bankruptcy restructuring. The company has appointed Moelis & Company to oversee the sale.

Cornish to dispose of Canada’s Nickel King property

Published: 18 Jun 24

Aim- and TSX-V-listed Cornish Metals has announced the sale of its 100% interest in the Nickel King and Opescal Lake properties, in Canada’s Northwest Territories, to Northera Resources for up to C$8-million. The sale of Nickel King aligns with Cornish Metals’ objective to focus its efforts on advancing its 100%-owned and fully permitted South Crofty tin project, in the UK, towards a construction decision.

Fraud cops investigating ex-Glencore staff plan to press charges

Published: 18 Jun 24

British prosecutors investigating former Glencore employees over bribery allegations said they plan to bring long-awaited criminal charges. More than 18 months after first revealing that as many as 11 ex-staffers were under investigation, the Serious Fraud Office told a London judge on Monday that it had sought government approval to charge individuals. It’s the first time the agency has committed to press individual criminal convictions following Glencore’s own guilty plea in 2022.

Orano at risk of losing Niger uranium mine sought by Russia

Published: 18 Jun 24

Orano could lose the right to mine uranium at one of the largest deposits in the world by June 19 after Niger rejected the French nuclear company’s plan for developing the asset. The move comes as Russia’s seeks to take over mining assets in the West African country controlled by the French company, Bloomberg reported on June 3. Niger’s Paris-allied president was overthrown in a coup last July, the latest in a string of military takeovers in the region that has seen strongmen spurn ex-colonial power France and forge closer ties with Moscow.

Bill Gates says he's ready to put billions into nuclear power

Published: 18 Jun 24

Bill Gates said he’s prepared to plow billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US power needs. TerraPower, a startup founded by Gates, broke ground for construction of its first commercial reactor last week in Wyoming, where a coal plant is shutting down, the billionaire co-founder of Microsoft Corp. said on CBS’s Face the Nation. TerraPower has explored simpler, cheaper reactors since 2008 and expects to complete the new reactor in 2030.