Creamer Media Reporter

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Creamer Media Reporter

Creamer Media’s news team is based mainly in South Africa, but the team includes regular correspondents from other parts of Africa, such as Zimbabwe, Malawi, Botswana, Kenya and the rest of the world, including the United Kingdom, Australia and India. Email: newsdesk@engineeringnews.co.za

REE specialist appointed Resouro CEO

17th October 2024 ASX- and TSX-V-listed explorer Resouro Strategic Metals has announced the appointment of Alistair Stephens as its new CEO, effective November 1. With a background in the mining industry spanning 35 years, Stephens brings extensive experience to the role. He began his career working in mining... →

Eskom announces four executive appointments

17th October 2024 Eskom Group CEO Dan Marokane has announced the first four of what will be seven new executive appointments, which he says are being made to address current business challenges and to support the organisation's strategic initiatives and growth plans. The appointments are all effective from... →

Eskom Group CEO Dan Marokane

Marula nearing finalisation of JV with Chinese battery manufacturer

17th October 2024 Africa-focused mining and development company Marula Mining is finalising negotiations with a Chinese battery manufacturer and its current lithium offtake partner, for the establishment of a new joint venture (JV) partnership at the Blesberg lithium and tantalum mine, in South Africa's Northern... →

Adriatic appoints former BHP exec as MD and CEO

17th October 2024 ASX- and LSE-listed Adriatic Metals has appointed Laura Tyler, a former BHP executive, as MD and CEO. This marks a new chapter for the company as it seeks to strengthen its position as a leading mining entity in Europe. Tyler, who joined the Adriatic board as a nonexecutive director on July 1,... →

Laura Tyler

In pioneering move, Malben Engineering begins green steel trial at Nigel auto component plant

17th October 2024 South African manufacturer Malben Engineering, of Nigel, is pioneering the use of green steel in the production of automotive components for leading local original equipment manufacturers (OEMs). The company, which was established in 1974 and has developed into a tier 1 supplier of stampings and... →

Malben Engineering founder Amerigo Smargiasso (centre) in front of green steel coil, alongside (left to right standing) Jithin Kottikal, Giuliano Smargiasso, Luca Smargiasso, of Malben, with Lee-Ann Geyser, of Allied Steelrode, Marco Smargiasso and Werner Kapp, also of Malben, and Naacam CEO Renai Moothilal, with Shane Barnard of United Steel and Marius Schafer of Malben kneeling.

Capital maintains full-year revenue guidance

17th October 2024 London-listed mining services company Capital has reported a 17.6% year-on-year increase in revenue to $93.7-million for the third quarter and is maintaining its full-year revenue guidance at between $355-million and $375-million. The company's drilling and associated revenue had increased by... →

The Cortez mine is part of the NGM complex

NGEx placement upsized to C$175m

17th October 2024 Owing to strong demand, Canadian exploration company NGEx Minerals has upsized its previously announced private placement from C$100-million to C$175-million. The TSX-listed firm will now place about 15.91-million shares at C$11 a share. →

Mondi reports lower third-quarter Ebitda on maintenance shuts, forestry fair value loss

17th October 2024 Sustainable packaging and paper group Mondi has reported underlying earnings before interest, taxes, depreciation and amortisation (Ebitda) of €223-million for the quarter ended September 30, compared with €351-million in the quarter ended June 30. The group attributed the decrease primarily to... →

Hecla appoints new director

17th October 2024 US silver miner Hecla Mining has appointed Jill Satre to its board of directors. She is currently the VP of internal audit and corporate compliance at North American energy company, TC Energy. →

E3 Lithium wraps up NRCan-funded pilot

17th October 2024 TSX-V-listed E3 Lithium has completed all milestones of the pilot project funded by Natural Resources Canada’s (NRCan’s) Critical Minerals Research, Development and Demonstration (CMRDD) programme. The total support from the CMRDD was a C$3.5-million contribution and E3 has now received the... →

Barrick reports Q3 results, eyes strong finish to 2024

16th October 2024 NYSE- and TSX-listed Barrick Gold on Wednesday released its preliminary production figures for the third quarter of 2024, revealing gold production of 943 000 oz and copper production of 48 000 t. While these numbers represent a decline from the second quarter and fell short of analyst... →

Plant optimisations resulted in a significantly improved performance at at Pueblo Viejo.

Greenvale buys new uranium project in NT’s Arunta region

16th October 2024 ASX-listed Greenvale Energy has enhanced its Australian energy portfolio with the acquisition of a new uranium project in the eastern Arunta region of the Northern Territory. Greenvale will acquire an 80% interest in EL33621 and EL33692, comprising the Tobermorey uranium project, from project... →

NGEx to raise C$100m for exploration projects

16th October 2024 Copper/gold exploration company NGEx Minerals has announced a C$100-million private placement to advance its projects in the Vicuña district straddling the border between Argentina and Chile. The TSX-listed company intends to sell, on a nonbrokered private placement basis, a total of 9.09-million... →

Lance uranium on track for December restart

16th October 2024 The Lance uranium project, in Wyoming, remains on track to restart production in December, owner Peninsula Energy reported on Wednesday. Lance is one of the biggest uranium in-situ recovery projects in the US, underpinned by a 58-million-pound uranium oxide resource. →

Drone image of the Lance project facilities on October 9.

Woodside to delist from London exchange

16th October 2024 Australian oil and gas major Woodside has announced its decision to delist from the LSE, attributing the move to low trading volumes and a goal to lower administrative costs. The company has submitted an application to the UK Financial Conduct Authority and the LSE to cancel the admission of its... →

Egypt Competition Authority approves Anglogold's buyout of Centamin

15th October 2024 The Egyptian Competition Authority has approved AngloGold Ashanti's proposed buyout of Centamin, which owns and operates the Sukari gold mine, in Egypt. The two gold producers last month announced that AngloGold would acquire all shares in Centamin in exchange for 0.06983 of a new AngloGold share... →

Digital Integrator launched through the merger of IQbusiness and +OneX

15th October 2024 JSE-listed Reunert Group has merged its subsidiaries IQbusiness and +OneX a business and technology services “digital integrator” under a united refreshed iqbusiness brand, introducing a new tech design, build and operate division and an innovation agency. Iqbusiness, the digital integrator... →

South African wine producers optimistic about 2025 harvest

15th October 2024 Nonprofit organisation South Africa Wine says wine producers in the country are optimistic about the 2025 harvest, as most wine regions have experienced above-average winter rainfall, with improved chill unit accumulation and minimal frost damage. This is according to harvest predictions compiled... →

Rome Resources pleased with drilling progress in the DRC

15th October 2024 Paul Barrett, the CEO of tin explorer Rome Resources, says he is pleased with the overall drilling progress at the company's Kalayi and Mont Agoma prospects, in the North Kivu province of the Democratic Republic of the Congo (DRC). The prospects, along with the Mont Agoma Northwest prospect, make... →

Newmont and MKS PAMP introduce traceable Lady of Liberty gold bar

15th October 2024 US-based bullion miner Newmont has announced the release of a unique traceable gold bar, exclusively crafted from Newmont-mined gold, refined and minted by MKS PAMP in Switzerland. The 1 oz Lady of Liberty gold bar aims to make gold ownership more accessible for consumers, particularly in the... →

Caledonia on track to meet full-year output guidance

15th October 2024 Gold miner Caledonia Mining Corporation says it remains on track to produce between 74 000 oz and 78 000 oz of gold for the full-year, with its Blanket mine, in Zimbabwe, having produced 18 992 oz of gold in the third quarter. Production was lower than the 21 772 oz produced in the third quarter... →

Business confidence steadily being restored – Sacci

15th October 2024 The South African Chamber of Commerce and Industry's (Sacci's) Business Confidence Index (BCI) averaged 110.9 for the first nine months of this year – a 1.7 index improvement on the average of 109.2 recorded for the corresponding nine months in 2023. Sacci comments that the slow but steady... →

Pilbara establishes A$1bn debt facility

15th October 2024 Australian lithium company Pilbara Minerals has announced a new A$1-billion debt facility in the form of a revolving credit facility (RFC) with a group of domestic and international banks. “The new corporate facility replaces Pilbara Minerals’ existing loan facilities, offers significant... →

Blue Moon advances namesake California project with PEA

14th October 2024 TSX-V-listed Blue Moon Metals has hired Micon International to conduct a preliminary economic assessment (PEA) for its 100% owned namesake project in central California. The Blue Moon project reportedly hosts the largest known polymetallic volcanogenic massive sulphide deposit within California's... →

La Mancha founder joins GMIN board

14th October 2024 Naguib Sawiris, the founder of Luxembourg-based investment group La Mancha, has been appointed to the board of Toronto-listed G Mining Ventures (GMIN). Welcoming the new appointment, GMIN chairperson Louis Gignac said that Sawiris’ role as strategic investor had helped create billions of... →

Kvanefjeld owner unveils leadership changes

11th October 2024 ASX-listed Energy Transition Minerals, the developer behind the Kvanefjeld rare earth element project in Greenland, has announced key leadership changes aimed at advancing the project. The company is pursuing a dual-track strategy to assert its rights over the Kvanefjeld project, either through... →

Duratec secures Rio Tinto contract

11th October 2024 Mining major Rio Tinto has awarded contractor Duratec a high-grade screen house structural integrity (HGSH) project at the Tom Price mine site, in the Pilbara. The project, which was awarded under an existing master services agreement, involves the installation of strengthening steelwork in the... →

2024 AMEC Awards finalists announced

11th October 2024 The Association of Mining and Exploration Companies (AMEC) has announced the finalists for the 2024 AMEC Awards, with winners set to be revealed next month. The yearly event highlights the remarkable achievements and dedication of the exploration and mining sectors. AMEC CEO Warren Pearce says... →

BHP awards NRW a Jimblebar contract

11th October 2024 Diversified miner BHP has awarded NRW Civil and Mining a development contract for the Jimblebar mine, east of Newman in the Pilbara. The contact, valued at A$109-million, includes various civil, building, mechanical and electrical works to support “sustainable production” at Jimblebar, said NRW... →

Explorer Founders upsizes bought-deal financing

11th October 2024 Canada-based exploration company Founders Metals has upsized its previously announced bought-deal financing to C$20-million, citing strong demand and oversubscription. The company previously entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, for C$15-million.... →

Arianne reports C$3.8m investment to advance downstream plans

11th October 2024 Development-stage phosphate mining company Arianne Phosphate has received C$3.8-million in financing by way of an unsecured convertible debenture from an unnamed strategic investor. The proceeds received from the financing will be used to advance the company's work on the Lac à Paul project in... →

The NTCSA officially launched

11th October 2024 Engineering News editor Terence Creamer discusses the official launch of the National Transmission Company South Africa (NTCSA); the immediate priorities of the entity; and whether it will find a model to allow independent power transmission projects to play a role in accelerating the rollout of... →

Klaus Plenge

11th October 2024 This week we profile Klaus Plenge, MD of Tetra Pak® Southern Africa, a food processing and packaging solutions company that provides safe, innovative and environmentally sound products that each day meet the needs of hundreds of millions of people in more than 160 countries →

Klaus Plenge, MD of Tetra Pak® Southern Africa

Santos announces financing of Darwin LNG life extension works

10th October 2024 The Darwin liquefied natural gas (LNG) joint venture (JV), operated by ASX-listed Santos, has achieved financial close of new syndicated bank loan facilities totalling $800-million. The facilities comprise a $350-million, seven-year partially amortising loan maturing in 2031 and a $450-million,... →

Mining’s renewable energy future on show as Minister tours Kathleen Valley project

10th October 2024 Energy, Environment and Climate Action Minister Reece Whitby travelled to the Western Australian Goldfields on Wednesday to see the future of energy in the mining industry. Whitby officially opened the Kathleen Valley hybrid power system – designed, funded, built, owned and operated by Western... →

USSM and Stillwater Critical Minerals sign MoU for strategic partnership

10th October 2024 Missouri-based US Strategic Metals (USSM) and Stillwater Critical Minerals have signed a nonbinding memorandum of understanding (MoU), establishing a strategic relationship aimed at exploring a variety of business opportunities related to critical minerals. The partnership marks a significant... →

Wilkinson announces funding for critical mineral projects

10th October 2024 Energy and Natural Resources Minister Jonathan Wilkinson on Wednesday announced funding for five infrastructure projects to support the development of critical minerals in the Sudbury and Timmins regions. Through the Critical Minerals Infrastructure Fund (CMIF), pending final due diligence, up to... →

Wilkinson visited the Vale Stobie mine site in Sudbury on Wednesday.

De Grey meets initial Egina gold project commitment

10th October 2024 Australia-listed De Grey Mining has completed its minimum expenditure of A$7-million to earn into Novo Resources’ Egina project, in Western Australia. In terms of the 2023 agreement with Novo, De Grey had to spend A$7-million within 18 months and a further A$18-million within four years to earn... →

Barminco awarded A$157m contract extension from IGO

10th October 2024 Services group Perenti’s underground mining business, Barminco, has secured a contract extension with IGO to continue mining at the Nova nickel mine, in Fraser Range, Western Australia. The contract extension runs for 29 months from July 1, 2024, and has a value of A$157-million. →

Elevate upgrades Koppies uranium resource

9th October 2024 ASX-listed Elevate uranium has upgrade the mineral resource estimate at its Koppies deposit, in Namibia, from inferred to indicated status, with 78% of the resource now in the indicated category. In conjunction with the Koppies resource upgade, the company also announced a 10.2-million-pound... →

BHP and India’s SAIL collaborate on steel decarbonisation

9th October 2024 The Steel Authority of India Limited (SAIL), the largest government-owned steel producer in India, and resources company BHP, are collaborating to support steelmaking decarbonisation. This collaboration, which follows the signing of a memorandum of understanding (MoU), will focus on promoting... →

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