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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.

Lafigué GM Paul Day with first gold bar from Lafigué

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.

123 ct Type II white diamond recovered from Letšeng mine

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.

Mineral and Petroleum Resources Minister Gwede Mantashe

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.

Southern Copper flags progress at key Peru mine

Published: 02 Jul 24

Miner Southern Copper will likely finish building its Tia Maria copper project in southern Peru in up to two years and then begin production in 2027 if not sooner, CEO Oscar Gonzalez told local radio broadcaster RPP. Reuters reported on Sunday, citing an internal document, that the long-postponed $1.4-billion project located in the Arequipa region's Islay province was set to restart development on Monday, after years on hold amid community opposition over fears about the mine's environmental impact.

Endeavour studying spill from Côte d'Ivoire operation

Published: 02 Jul 24

Endeavour Mining says it’s studying the damage from the leak of poisonous liquid at its second-biggest mine located in southern Côte d'Ivoire. Early reports show that a broken valve leaked 3 000 liters of mud containing cyanide into a canal within the perimeter of the mine, Endeavour’s country manager Laetitia Gadegbeku-Ouattara told journalists in Abidjan Monday.