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

Ameriwest reduces land holdings

9th September 2024 Exploration company Ameriwest Lithium has announced steps to reduce its property portfolio, citing low lithium prices, poor equity markets for lithium explorers and increasing regulatory costs. According the company, the Bureau of Land Management has increased the claim maintenance fee from $165... →

Nexus raises cash for Wallbrook project

6th September 2024 ASX-listed Nexus Minerals on Friday announced a A$4.1-million capital raise to support its Wallbrook project in the Eastern Goldfields of Western Australia. The company received firm commitments for a placement of 97.3-million new shares at A$0.042 a share. →

Macmahon wins mining contract in Indonesia

6th September 2024 Australian mining services group Macmahon Holdings has been selected by PT Citra Palu Minerals (CPM) as the mining services contractor for the Poboya gold project, in Sulawesi, Indonesia. The scope for Macmahon will include opencut mining activities including drilling, loading, hauling,... →

Laramide pursues Kazakh uranium exploration opportunity

6th September 2024 Dual-listed Laramide Resources is pursuing a greenfield uranium exploration opportunity in Kazakhstan, announcing a three-year option agreement with a company that has a 6 000 km2 land position in the Chu-Sarysu basin. The option agreement is with Kazakh company Aral Resource, which has secured... →

Perpetual MD transitions to exec director role, takes salary cut

6th September 2024 Robert Benussi, who has been acting in the capacity of MD of Perpetual Resources, will transition to the role of executive director. He also offered to reduce his cash remuneration by 50%, from A$225 000 a year to A$112 500 a year. →

Dirk Steinberg

6th September 2024 This week we profile Dirk Steinberg, CEO and financial director of Kwikspace Modular Buildings, a fabricator of modular buildings and components for sales and rental markets across various industries →

Dirk Steinberg, CEO and financial director of Kwikspace Modular Buildings

Blencowe, partners plan JV to establish a graphite beneficiation facility in Uganda

5th September 2024 LSE-listed Blencowe Resources has signed a memorandum of understanding (MoU) with Singaporean graphite sales and marketing specialist Triessence and an Asian spheronised purified graphite (SPG) and anode material producer. Under the terms of the MoU, the parties plan to create a joint venture to... →

Pan African flags increased earnings on the back of higher gold sales, prices

5th September 2024 Gold producer Pan African Resources expects to report headline earnings per share (HEPS) of between $0.04 and $0.043 for the financial year ended June 30. That represents an increase of between 27% and 37% on the HEPS of $0.032 reported for the prior financial year. Earnings per share (EPS) are... →

Sibanye achieves Level 4 BBBEE accreditation

5th September 2024 Multinational mining and metals processing group Sibanye-Stillwater reports that it has improved its broad-based black economic empowerment (BBBEE) rating to Level 4, from Level 6 in 2023 and Level 8 in 2021. Companies listed on the JSE are required to prepare a yearly compliance report prepared... →

Gemfields notes robust demand for commercial-quality sapphire, ruby during its latest auction

5th September 2024 Johannesburg- and London-listed gemstone miner Gemfields received revenue of $2.3-million from the auction of predominantly commercial-quality sapphire, corundum and commercial-quality ruby from September 2 to 4. All 5.7-million carats offered in ten lots were sold, realising an average price of... →

Gem recovers 122.2 ct diamond at Letšeng

5th September 2024 London-listed Gem Diamonds has recovered a 122.2 ct Type II white diamond at its 70%-owned Letšeng mine, in Lesotho. This is the eleventh diamond weighing more than 100 ct to be recovered at the mine this year. →

The 122.2 ct diamond recovered at Letšeng

Mining starts at Westgold’s South Junction

5th September 2024 ASX- and TSX-listed Westgold has started mining of the South Junction Lode in the Bluebird-South Junction mining complex at Meekatharra, Western Australia. MD and CEO Wayne Bramwell has described the start of mining as a “company milestone that was achieved in short order”. →

Alamos to triple Mulatos mine life with underground development

5th September 2024 Toronto- and New York-listed Alamos Gold has announced the results of a positive internal economic study completed on its Puerto Del Aire (PDA) project – a high-grade underground deposit adjacent to its Mulatos openpit in Mexico. The PDA project, which will produce 127 000 oz/y in its first four... →

Mulatos has been operating for nearly 20 years.

Kairos banks first A$10m under Pilbara tenement sales agreement

5th September 2024 Gold explorer Kairos Minerals has banked the first A$10-million under its A$20-million agreement to sell noncore Mt York ground to ASX-listed miner Pilbara Minerals. Kairos sold six prospecting licences and the overlying mining lease application (ML45/1307) to Pilbara. The balance of... →

Highland appoints Copperwood project director

4th September 2024 TSX-V-listed Highland Copper has appointed Wynand van Dyk as project director for the Copperwood project, in Michigan, US. Van Dyk is a senior executive with 30 years of experience in mining, metallurgy and capital projects. He began his career with De Beers in South Africa, followed by numerous... →

Kingsrose earns 51% in Råna, Norway

4th September 2024 Mineral exploration company Kingsrose Mining has earned a 51% interest in the Råna nickel/copper/cobalt project, in Finland, by incurring $3-million of expenditure and drilling more than 5 000 m. In accordance with the transaction implementation agreement, Kingsrose has issued Metals One, the... →

Transnet, Petredec sign agreement to enhance bulk LPG distribution in South Africa

4th September 2024 State-owned logistics infrastructure company Transnet and liquefied petroleum gas (LPG) value chain company Petredec have entered into an agreement to implement a groundbreaking rail freight solution to improve LPG distribution in South Africa. The agreement will result in Petredec introducing... →

Petredec CEO Jonathan Fancher and Transnet Group CE Michelle Phillips

Cerro de Pasco sells Santander mine

4th September 2024 CSE-listed Cerro de Pasco Resources (CDPR) on Tuesday announced the sale of its Santander mine to a Peruvian investment company controlled by Finanzas e Inversiones Corporativas (FIC). FIC specialises in managing alternative and distressed investments across various industries. →

Butte Energy to buy Argentina silver deposit

4th September 2024 TSX-V-listed Butte Energy has its eye on a large, high-grade silver deposit in Argentina. The company on Tuesday announced a letter of intent to acquire a 100% interest in the El Quevar project, in Salta province, from NYSE American-and TSX-listed Golden Minerals for $3.5-million. →

Approvals for Meeka’s Murchison development in place

4th September 2024 Western Australia-focused Meeka Metals’ Murchison gold project is fully approved, paving the way for development to get under way. The company has now started construction of the haul road between the processing plant and the openpit mining area, allowing for mining to start early in 2025. Work... →

Accommodation village being installed at Meeka's Murchison

E25 and Nissan Chemical explore Japanese HPMSM facility

3rd September 2024 Australia-listed Element 25 (E25) has partnered with Nissan Chemical (NC) and NC Tokyo Bay (NCTB) to study the possibility of setting up a high-purity manganese sulphate monohydrate (HPMSM) facility in Chiba, Japan. The study will consider co-locating E25’s low-emission technology and process at... →

GDP grew by 0.4% in the second quarter

3rd September 2024 South Africa’s GDP increased by 0.4% in the second quarter, with the manufacturing industry having increased by 1.1%, contributing 0.1 of a percentage point to the GDP growth. Six of the ten manufacturing divisions reported positive growth rates in the second quarter. The motor vehicles, parts... →

American Rare Earths reports ‘outstanding’ drilling results at Cowboy State Mine

3rd September 2024 ASX-listed American Rare Earths on Tuesday announced the first assay results from the 2024 drilling campaign at the Cowboy State Mine (CSM) area of its Wyoming Rare (USA) Inc (WRI). ALS Global provided assay results for 756 samples from 11 core and reverse circulation holes, plus one partial hole. →

Ausgold launches new drill programme at Katanning

3rd September 2024 ASX-listed Ausgold is gearing up to start a major new gold drilling programme at its 3.04-million-ounce Katanning Gold Project (KGP) in Western Australia. The multi-pronged drilling campaign, comprising about 19 000 m of reverse circulation drilling, is scheduled to start in October. →

Construction starts in Gladstone on large high-purity alumina plant

3rd September 2024 The transformation of Alpha HPA’s Gladstone-based project into the largest single-site ultra-high purity aluminium materials refinery in the world is under way with the company on Tuesday celebrating the official groundbreaking as the start of Stage 2 construction. Alpha HPA MD Rimas Kairaitis... →

BHP continues support of Australian women footballers

2nd September 2024 Mining company BHP’s ongoing partnership with the AFLW this season is helping to inspire the next generation of women to shine in the workplace and on the football ground. With the 2024 NAB AFLW season having kicked off on August 30, BHP is aiming to improve opportunity and equality in business... →

Globe inks LoI for portion of Kanyika production

2nd September 2024 Australia-listed Globe Metals and Mining has announced a letter of intent (LoI) with master alloys supplier Affilips for up to 32% of the high-purity niobium pentoxide production from Phase 1 of the Kanyika project, in Malawi. The LoI provides a framework for Globe and Affilips to negotiate a... →

Bellevue reports maiden net profit

2nd September 2024 ASX-listed Bellevue Gold has announced a maiden net profit after tax of A$75-million for the year ended June 30. The result follows a successful year which saw the company commission its Bellevue gold mine, in Western Australia, with commercial production declared in May. →

MTN sends condolences on passing of former CEO Sifiso Dabengwa

2nd September 2024 MTN Group on Monday sent condolences to the family of Sifiso Dabengwa, who has passed away. Dabengwa served as the group president and CEO from 2011 to 2015 and was a key figure in MTN’s 30-year journey. →

Dept confirms large decreases in petrol, diesel for Sept

2nd September 2024 The Department of Mineral Resources and Energy, which is being split into the Department of Mineral and Petroleum Resources and the Department of Electricity and Energy, has confirmed that petrol prices will decrease by 92c/ℓ. The price of diesel (0.05% sulphur) will decrease by 79c/ℓ and diesel... →

Sibanye to post interim loss on US impairment; lower headline earnings

2nd September 2024 Multinational mining and metals processing group Sibanye-Stillwater expects to report a loss a share of between 250.8c and 277.2c, or about $0.13 and $0.15, for the six months ended June 30, mainly as a result of a R7.5-billion, or about $401-million, impairment of property, plant and equipment... →

Improved June quarter exploration results, but Amec sees clouds on the horizon

2nd September 2024 The June 2024 quarterly statistics on mineral exploration expenditure released by the Australian Bureau of Statistics on Monday, shows that Australian mineral exploration expenditure has produced another record year, with a solid June quarter. Australian mineral exploration expenditure reached a... →

Australia gold output recovers as prices hit record levels

2nd September 2024 According to Melbourne-based gold mining consultants Surbiton Associates, Australian gold mine production totalled 75 t in the June 2024 quarter, a rise of 5 t, or 7%, on the previous quarter. Australian gold mine production totalled 297 t for the 2023/24 year, 10 t less than in 20/23. It was... →

Newmont's Boddington mine was the biggest gold producer in Australia in the 2024 financial year.

Dundee completes Tsumeb smelter sale

2nd September 2024 Canada-based gold mining company Dundee Precious Metals (DPM) has closed the sale of the Tsumeb smelter, in Namibia, to a subsidiary of Sinomine Resources Group. DPM sold the smelter for $20-million, less a $5-million holdback to be held in escrow for a period of six months to secure the... →

Gabruch resigns as IsoEnergy president

2nd September 2024 Uranium company IsoEnergy has announced the resignation of Tim Gabruch as president to pursue other opportunities. IsoEnergy did not name a replacement for Gabruch, whose resignation took effect on Friday. →

Teck unveils new structure to support energy transition metals growth

2nd September 2024 Canadian mining company Teck Resources has unveiled a new business structure to support its shift to a pure-play energy transition metals company. The restructure, which follows the recent sale of Teck’s steelmaking coal unit to Glencore, organises the company around two regional business units,... →

Teck president and CEO Jonathan Price

NickelX acquires Penny South gold project

30th August 2024 ASX-listed NickelX has signed a binding tenement sale agreement to acquire 100% of tenement E57/1045 known as the Penny South gold project. The project is located just 550 meters south of Ramelius Resources’ Penny West/North gold mine in Western Australia, which boasts an estimated 440 000 t of... →

Cyprium secures A$40m loan with Glencore

30th August 2024 ASX-listed Cyprium Metals on Friday announced a binding term sheet with diversified miner Glencore for offtake financing from the Nifty copper mine on the western edge of the Great Sandy desert in the north-eastern Pilbara region. In terms of the binding term sheet, Glencore would provide a... →

Nifty copper leaching

Northern Minerals secures EPA approval for enhancements at Browns Range

30th August 2024 ASX-listed Northern Minerals has received approval under the Environmental Protection Act for strategic amendments to its Browns Range project in the east Kimberley region. The Environmental Protection Authority (EPA) approval allows the company to enhance its infrastructure while maintaining... →

Pan American Energy refocuses efforts on Big Mack lithium project

30th August 2024 CSE-listed Pan American Energy has successfully completed Phase 2 earn-in payments and work expenditures under its Big Mack option agreement with Magabra Resources. This achievement, involving C$400 000 in Pan American shares and C$1.12-million in exploration expenditures, has earned the company... →

Responsibilities for SOEs moved to their respective Ministries

30th August 2024 Engineering News editor Terence Creamer discusses the implications of moving that State-owned enterprises that previously fell under the Department of Public Enterprises to new departments. →

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