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Published: 13 Jun 24

Fortescue has confirmed the resignation of its director of global growth, Julie Shuttleworth, who previously served as group deputy chief executive and CEO of the green energy division. Shuttleworth first joined the Australian iron-ore miner in 2013. She became deputy CEO of the company in 2018, under former CEO Elizabeth Gaines who stepped down in 2021. The resignation is the latest in a series of high level executives leaving the company led by Andrew Forrest, which is attempting to transform into a global green energy firm.

Zambia to set up mineral investment and trading unit

Published: 12 Jun 24

Zambia will set up a new entity for investment and trading in minerals as it seeks to earn more from its natural resources, the Cabinet said on Wednesday after giving its approval. The government of Zambia, Africa's second largest copper producer which currently owns several mining assets through ZCCM Investment Holdings, will establish a special purpose vehicle (SPV) for investment and trading purposes, it said.

NRW acquires HSE mining contract and assets for A$85m

Published: 12 Jun 24

Perth-based civil and mining contractor NRW Holdings subsidiary Golding Contractors will acquire the mining services contract, associated fleet and transfer of employees from HSE Mining at coal miner Stanmore Resources’ South Walker Creek mine site. The transaction is at A$85-million less assumed employee liabilities of about A$15.3-million.

Reserve Bank concern about decline of public markets welcome development – Miller

Published: 12 Jun 24

The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done has not been enough to change the downward trajectory.

Kinetiko secures A$4.9m

Published: 12 Jun 24

ASX-listed Kinetiko Energy’s renounceable pro-rata entitlement offer to eligible shareholders, announced in May, closed on June 11 and raised about A$4.9-million (before costs), with strong support from major shareholders and directors. The company is developing an energy transition solution for South Africa, focused on commercialising advanced shallow conventional gas projects in the country’s Mpumalanga province.

Aura raises Tiris uranium resource by 55%

Published: 12 Jun 24

ASX-listed Aura Energy has increased the mineral resources of its Tiris uranium project, in Mauritania, by 55% to 91.3-million pounds of triuranium octoxide (U3O8), up from the previously reported 58.9-million pounds of U3O8. The mineral resources includes the Tiris East and Oum Ferkik project areas.

Four central banks sign London Principles to formalise artisanal small-scale gold mining sector

Published: 12 Jun 24

The World Gold Council (WGC) has announced that four central banks have committed to signing ‘The London Principles’, which is a set of operating principles to help structure and formalise central bank artisanal and small-scale gold mining (ASGM) domestic purchase programmes (DPP). The inaugural signatories are Colombia’s Banco de la República, Banco Central del Ecuador, the Bank of Mongolia and Bangko Sentral ng Pilipinas. The commitment of these institutions represents progress towards more responsible gold sourcing practices worldwide, the WGC said on June 12.

TMC produces cobalt sulphate from seafloor polymetallic nodules

Published: 12 Jun 24

Nasdaq-listed critical minerals company TMC on Wednesday announced the successful production of cobalt sulphate derived exclusively from seafloor polymetallic nodules. The milestone was achieved during bench-scale testing of TMC’s hydrometallurgical flowsheet design in collaboration with SGS Canada at its Metallurgical Centre of Excellence in Lakefield, Ontario.

Kazatomprom signs Inkai 3 pilot production agreement

Published: 12 Jun 24

Kazakhstan’s national atomic company Kazatomprom on Wednesday announced a new subsoil use agreement for pilot production at the Inkai 3 deposit. The agreement, finalised through negotiations with Kazakhstan's Ministry of Energy, marks a significant milestone for the company. The pilot production is approved for a period of up to four years, with a total production volume capped at 701 t of uranium.

The Beno Rodigues district was covered in mud after the Samarco dam burst in Mariana in 2015.

Vale, BHP make new offer on Mariana disaster reparations

Published: 12 Jun 24

Mining giants Vale and BHP and their joint venture Samarco have presented Brazilian authorities with a new offer to settle reparations over the 2015 Mariana disaster, Vale said in a securities filing on Wednesday. The new proposal totals 140-billion reais ($26.09-billion), including 37-billion reais already disbursed in reparation measures, Vale said, confirming an earlier report from local newspaper O Globo.