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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 Has PDF
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.
University of Fort Hare Vice-Chancellor Professor Sakhela Buhlungu (left) and South Africa President Cyril Ramaphosa. Global gold mining major highlights academic partnership with South Africa’s Fort Hare
Published: 21 Jun 24
The University of Fort Hare, where the offspring of mineworkers were the first graduates, has agreed a R12.5-million, initial ten-year academic partnership with gold mining major AngloGold Ashanti, which no longer mines in this country and is now domiciled in London. Fort Hare is the university where the globally illustrious Nelson Mandela began his incompleted studies for a Bachelor of Arts degree.
McEwen advances new mine at Fox Complex
Published: 21 Jun 24
Canada-based McEwen Mining is developing a new mining operation at the Stock property of the Fox Complex, in Timmins, Ontario. The Stock property, which includes the former Stock mill and mine, has yielded about 137 000 oz of gold from an underground operation between 1989 and 2005.
WAF draws down $265m loan to build Burkina Faso gold project
Published: 21 Jun 24
ASX-listed unhedged gold mining company West African Resources (WAF) has fully drawn down the $265-million secured loan facility from Sprott Resource Lending and Burkina Faso-based Coris Bank International for the development of the company’s Kiaka gold project, in Burkina Faso, and other corporate purposes.
China Baowu completes purchases of stake at Simandou project China Baowu completes purchases of stake at Simandou project
Published: 21 Jun 24
China Baowu Steel Group has completed its purchase of a stake in the Simandou project in Guinea, as China’s top steelmaker looks to expand its interest in the world’s largest untapped iron ore mine. Baowu bought an undisclosed stake from Winning Consortium Simandou, which owns the two northern blocks of the project, the Chinese steel mill said in a statement on Thursday. The consortium that sold the stake comprises Singapore’s Winning International Group and aluminum maker China Hongqiao Group.
Orion, Thungela, Richards Bay Minerals make headlines Orion, Thungela, Richards Bay Minerals make headlines Has Video
Published: 21 Jun 24
Mining Weekly Editor Martin Creamer discusses South Africa becoming one of the world’s most compelling short-term investment stories, which is good news for Orion Minerals; Thungela Resources being poised to spend R3.9-billion worth of capital in South Africa going forward; and Richards Bay Minerals looking to on-site renewables, storage & aggregation.  
France's Orano says Niger has removed mining permit for its Imouraren unit
Published: 21 Jun 24
French company Orano said on Thursday that Niger had removed a mining permit for its subsidiary Imouraren. Orano said the decision would have a negative economic impact on Niger and added it reserved the right to take legal measures to challenge the decision.
China's coal imports from Russia rise to eight-month high in May
Published: 21 Jun 24
Russia's coal shipments to China rose to the highest level in eight months in May after Moscow suspended export duties, official data showed on Thursday. Russia's coal exports to China rose to 9.1-million metric tons in May, according to Chinese customs administration data. That was up 1.5% on the year and the highest level since September.
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