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Paladin to buy Fission Uranium for C$1.14bn

Published: 24 Jun 24

Uranium mining company Paladin Energy on Monday announced the acquisition of Fission Uranium for C1.14-billion, creating a global uranium leader with assets in Canada, Namibia and Australia. Paladin CEO Ian Purdy said both sets of shareholders would benefit from the increased scale of the enlarged company, with a combined mineral resource representing one of the biggest among pure-play uranium companies globally.

Gibb River chairperson Jim Richards and Namibia exploration manager Nico Scholtz visit the Erongo region.

Gibb River enters Namibia uranium sector

Published: 24 Jun 24

Australian company Gibb River Diamonds has acquired two uranium projects in Namibia, comprising six exclusive prospecting licences covering 1 828 km2. The company, which is also developing the Ellendale diamond project and Edjudina gold project in Australia, acquired projects in the Erongo and Kunene districts of Namibia.

Tomingley has ‘big future ahead’, says Alkane MD

Published: 24 Jun 24

The Tomingley gold operation, near Dubbo in New South Wales, is set to increase production to more than 100 000 oz/y by 2027, says ASX-listed Alkane Resources. The company on Monday announced a five-year plan for Tomingley, which will produce 455 000 oz to 505 000 oz of gold over that period.

Catalyst optimistic about profitability of former Barrick mine

Published: 24 Jun 24

Following successful stabilisation efforts at the Plutonic gold mine, in Western Australia, miner Catalyst Metals is now setting its sights on expanding through organic growth opportunities in the belt. The ASX-listed company strategically acquired two neighbouring firms last year to consolidate its presence in the Plutonic gold belt. Over the past year, Catalyst has implemented a new management team, streamlined operations and reinvested cashflows into advancing development initiatives.

Barminco clinches A$450m contract extension at Sunrise Dam

Published: 24 Jun 24

AngloGold Ashanti has awarded Perenti subsidiary Barminco a A$450-million, three-year mining contract extension at the Sunrise Dam underground mine in Western Australia. The contract extension takes effect on October 1, ASX-listed Perenti said on Monday.

Australia's east faces immediate gas shortage amid cold snap, outage

Published: 21 Jun 24

Australia's east is facing a gas shortage after a cold snap drove up demand for heating and power while supply dipped due to an extended outage at the region's main gas plant, the energy market operator said. To help boost supply, the market operator has asked gas producers in Queensland state, which include Shell, Origin Energy and Santos, to send gas to the southern states.

Ausgold completes acquisition of freehold properties at Katanning

Published: 21 Jun 24

ASX-listed Ausgold has finalised the acquisition of two freehold properties at its 100%-owned Katanning gold project (KGP), about 275 km south-east of Perth, marking a milestone in advancing the project towards production. The acquired properties span a total area of 1 026 ha within the KGP. One property, situated within mining lease 70/488, covers 94 ha and encompasses the southern extent of the Central Zone resource, which includes deposits such as Jinkas, Jinkas South and Jackson. This area is slated to be a primary source of ore during the initial 18 months of production at the KGP.

Alicanto makes board changes in new growth strategy push

Published: 21 Jun 24

Exploration company Alicanto Minerals has made several board and management changes as part of a new growth strategy that will see it review potential project acquisitions. Raymon Shorrocks has moved from nonexecutive chairperson into the role of interim executive chair. With more than 30 years of experience in the resources sector and senior corporate finance executive roles, Shorrocks has advised a diverse range of mining companies and managed equity capital raisings, mergers and acquisitions.

Kendal among the stations for which an exemption from the MES timeframes and limits will be sought

Eskom to apply for MES exemptions for four coal stations that will operate beyond 2030

Published: 21 Jun 24

Having secured permission to operate five aged power stations under existing minimum emission standards (MES) plant limits until their closure in 2030, Eskom has confirmed that it will be applying for exemption from the MES timeframes and limits for four stations that will remain operational post-2030. On May 23, the State-owned utility received confirmation from then Forestry, Fisheries and the Environment Minister Barbara Creecy that it could continue to operate Hendrina, Grootvlei, Arnot, Camden and Kriel at existing MES plant limits until March 31, 2030.

Aurubis names Toralf Haag as new CEO after board overhaul

Published: 21 Jun 24

Copper producer Aurubis has named Toralf Haag as its new CEO, completing an overhaul of its board in the wake of a giant raw-materials fraud. Haag will take over from Roland Harings, after the company’s supervisory board terminated his contract early in January, along with two other executive board members. The move followed Aurubis’s decision to carry out an independent legal probe into a criminal scam that cost the copper producer about €169-million ($184-million) last year.