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US to start buying up to $2.7bn in domestic nuclear reactor fuel

Published: 27 Jun 24

The US is bidding to eventually buy up to $2.7-billion of domestically-supplied enriched uranium, in an effort to boost the supply chain for the nuclear reactor fuel and steer the country away from buying it from Russia, the Energy Department said on Thursday. The $2.7-billion in funding was unleashed by legislation, signed by President Joe Biden in May, that also imposed a ban on imports of enriched uranium from Russia, as part of sanctions on the country for its full-scale invasion of Ukraine. Russia, the world's top seller of enriched uranium, had been supplying about 24% of the fuel used by U.S. reactors.

Anglo paid $23.5bn in taxes, economic contributions in 2023

Published: 27 Jun 24

Diversified mining major Anglo American paid about $23.5-billion in total tax and economic contributions throughout its global operations during 2023, a decrease from about $24.5-billion in 2022. Payments in countries such as Brazil, Australia and the UK increased, while payments in South African fell the most among the countries in which Anglo operates. Payments to South Africa fell from about $9-billion in 2022 to about $7.5-billion in 2023.

Ramelius makes strategic investment in Spartan

Published: 27 Jun 24

ASX-listed Ramelius Resources has bought 8.5-million shares in fellow-listed Spartan Resources as a strategic investment, representing about 8.9% of Spartan’s ordinary shares on issue. Spartan’s Dalagaranga gold project is about 86 km north-west of Mount Magnet in the Murchison region of Western Australia. Ramelius continually evaluates gold assets in Western Australia and makes investments in the sector where it believes there is a strategic rationale.

Hummingbird expects Kouroussa to reach commercial production in the third quarter

Published: 27 Jun 24

Despite unexpected challenges at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea, over the past year, including the fire at the national fuel depot in Conakry and the temporary suspension of operations by contractor Corica Mining Services, operations have fully resumed. “We anticipate reaching commercial production at Kouroussa in the third quarter. With this progress, the company is well-positioned for significant growth, solidifying our status as a multi-asset, multi-jurisdictional gold producer,” Hummingbird CEO and interim chairperson Daniel Betts said on June 27 in an update on the progress of the ramp-up of mining operations at Kouroussa.

African Rainbow Minerals CEO Phillip Tobias

ARM CEO discusses elements for successful JV partnerships

Published: 27 Jun 24

Considering its long and successful history with joint ventures (JVs), diversified miner African Rainbow Minerals (ARM) CEO Phillip Tobias has noted the importance of mutual respect and transparency in JV partnerships. Speaking to London Indaba chairperson and South African mining luminary Bernard Swanepoel on the second day of the indaba on June 26, Tobias noted that, as a partner in JV operations, it is important to consider the best interests of the JV.

Sumitomo may earn-in to Hammer’s Bullrush project

Published: 27 Jun 24

Exploration company Hammer Metals has teamed up with Sumitomo Metal Mining Oceana (SMMO), providing that company with an opportunity to earn up to an 80% interest in the Bullrush project, in north-west Queensland. The Bullrush project covers sections of Williams-aged Wimberu Granite, comprising about 87 km2 of Hammer’s broader 2 800 km2 Mount Isa project.

Paladin sets guidance for resurrected Namibia uranium mine

Published: 27 Jun 24

Uranium mining company Paladin will continue to use previously mined stockpile ore for production at the Langer Heinrich mine next year, and will restart mining activities in 2026. Having recently completed the restart of the Namibian mine, Paladin on Wednesday announced its 2025 production guidance of 4-million to 4.5-million uranium oxide at a production cost of $28/lb to $31/lb.

Minerals Council CEO Mzila Mthenjane being interviewed by Mining Weekly.

Mining needs one-stop regulatory environment to boost growth – Minerals Council

Published: 27 Jun 24

South African mining needs what is often referred to as a one-stop shop to ensure that an applicant is not sent from one department to the other but goes to one place where the application is submitted and the applicant receives communication from one source. “That’s a process that needs to take place as quickly as possible,” Minerals Council South Africa CEO Mzila Mthenjane highlighted during a media conference that followed the council’s 134th AGM in Johannesburg on Wednesday.

Gold Road makes readiness advancements at Yamarna

Published: 27 Jun 24

Australian mining company Gold Road is making good progress advancing its 100%-owned resources towards mine readiness at Yamarna, east of Laverton in Western Australia. The mine readiness programme includes drilling and studies designed to unlock future value from the Yamarna tenements.