NexGold raises C$10m to advance projects

Canada- and Alaska-focused NexGold has announced a C$10-million bought-deal private placement financing to advance its mineral properties. The company, which owns the Goliath gold project in... 

Loadshedding, structural tariff changes make headlines

Engineering News editor Terence Creamer discusses the recent bouts of loadshedding, which reflect ongoing vulnerabilities in the electricity sector; statistics that point to signs of changes being... 

Lucapa increases stake in Lulo exploration JV to 51%

Australia-listed Lucapa Diamond Company has finalised the mineral investment contract (MIC) for its Lulo joint venture (JV) in Angola, increasing its stake to 51%. Following a three-day meeting in... 

NRW's Primero awarded A$100m Rio Tinto contract

ASX-listed NRW Holdings on Thursday announced a series of contract awards through its subsidiaries, including a A$100-million contract from diversified mining major Rio Tinto. NRW’s wholly owned... 

Mountain Province closes refinancing transactions

Canadian diamond miner Mountain Province has completed its previously announced refinancing transactions, securing funding to address near-term financial challenges and extend the maturity of its... 

Euro Manganese awarded key designation for Chvaletice project

Dual-listed Euro Manganese has secured a key designation for its Chvaletice manganese project in the Czech Republic, strengthening its position as a future supplier of high-purity manganese to the... 

Eskom implements Stage 2 loadshedding after loss of five generation units

Power utility Eskom implemented Stage 2 loadshedding from 18:25 on March 19, stating that it would remain in effect until 05:00 on March 20. This followed the loss of five generation units before... 

New WA Mines Minister appointed

Western Australian Premier Roger Cook on Wednesday announced the new Ministerial portfolios for the WA Labor government, outlining a vision focused on economic diversification, energy transition,... 

EQR bags tungsten offtake agreements worth $124m

Australia-based EQ Resources (EQR) has finalised five long-term offtake agreements covering its tungsten production from Australia and Spain for the next 24 months, securing sales valued at an... 

Aurion, KoBold Metals strike Finland critical minerals exploration deal

Canadian explorer Aurion Resources has signed a deal with US-based KoBold Metals to advance critical minerals exploration on a portion of its Risti property in Finland. The agreement grants KoBold... 

Rainbow remains confident of REE demand, prospects for its operations

Despite low pricing and the higher growth rates for plug-in hybrid electric vehicles (PHEVs) than for full electric vehicles (EVs), London-listed rare earth elements (REEs) project developer... 

Wishbone Gold abandons reverse takeover, refocuses on Australian gold assets

Aim-listed Wishbone Gold has scrapped its planned reverse takeover (RTO) of Evrensel Global Natural Resources, citing a strategic shift toward its existing gold assets in Australia. The decision... 

B2Gold completes Fekola solar plant

Vancouver-based B2Gold has completed and commenced operations of the Phase 2 expansion of the Fekola solar plant, in Mali. B2Gold began construction of the Phase 2 expansion in June 2023, with... 

Agnico Eagle completes acquisition of O3 Mining

NYSE- and TSX-listed Agnico Eagle Mines has completed its acquisition of O3 Mining, which is now a wholly owned subsidiary of the Canadian gold miner. Under the terms of the agreement,... 

Blencowe signs offtake MoU with US customer

Following a recent marketing tour in the US, London-listed Blencowe Resources has signed a nonbinding MoU with lead acid battery storage systems manufacturer Apollo Energy Systems for the offtake... 

Patriot targets Shaakichiuwaanaan feasibility study report in September

Dual-listed Patriot Battery Metals is making progress on the feasibility study for its Shaakichiuwaanaan property, in the Eeyou Istchee James Bay region of Quebec, with the final NI 43-101 report... 

G Mining Ventures joins multiple stock indices

Toronto-listed G Mining Ventures (GMIN) has announced that its common shares have been selected for inclusion in several major stock indices, a milestone that reflects the company’s growing stature... 

Gaia acquires an interest in solar PV, wind plants

Cape Town Stock Exchange-listed Gaia Renewables 1, has acquired an interest in three renewable-energy plants from the IDEAS Renewable Energy Fund, which is managed by African Infrastructure... 

Probe announces C$30m bought-deal placement

Canadian exploration company Probe Gold on Tuesday announced a C$30-million bought-deal private placement, the proceeds of which it would use to advance its Novador gold project and explore its... 

Families call on govt to continue efforts to free Potgieter, Huxham ahead of Human Rights Day

As South Africa marks Human Rights Day on March 21, the families of Frik Potgieter and Peter Huxham are calling on the South African government to continue diplomatic efforts to secure the men’s... 

Firebird granted mining lease for Oakover manganese project

Australia-owned Firebird Metals has been granted mining lease 52/1086 for its Oakover manganese project, about 85 km east of Newman, Western Australia. The granted lease is conditional on receiving... 

New World assembles experienced team to drive Arizona copper project

Copper company New World on Tuesday announced the appointment of a COO and CFO as it continued to build out its senior leadership team to drive the development of its Antler copper project, in... 

Great Divide hits key milestones in path to production at Challenger

ASX-listed Great Divide Mining (GDM) is making strides in its efforts to bring the Challenger gold mine in Adelong, New South Wales, into production. The company has successfully completed Stage 1... 

Hillgrove speeds up Nugent development at Kanmantoo

Following a successful A$16-million capital raising, Australian copper miner Hillgrove Resources is accelerating the development of its Nugent deposit at the operating Kanmantoo mine, in South... 

Katoro halts investment in Haneti as focus shifts to its Canadian portfolio

Aim-listed energy and precious minerals exploration and development company Katoro Gold has, following an extensive technical review of further opportunities at its 65%-owned Haneti project, in... 

Robex closes $130m syndicated facility agreement with Sprott

TSX-V-listed Robex Resources has successfully closed its syndicated facility agreement, securing a senior secured debt facility of $130-million to finance the construction of the Kiniero gold... 

Pensana receives approvals for the $268m needed to develop Longonjo

London-listed magnet metal supply chain developer Pensana has received approvals for the full financing of about $268-million for the development of its Longonjo rare earth project, in Angola. The... 

First-quarter Absa Manufacturing Survey highlights mixed sentiment amid uncertainty

After reaching its highest level in over two years in the fourth quarter of 2024, the latest Absa Manufacturing Survey recorded a slight dip in confidence in the first quarter of this year, falling... 

Energy Fuels and Posco join forces to establish non-China REE supply chain

US-based Energy Fuels on Monday announced a partnership with South Korea's Posco International to create a non-China supply chain for rare earth elements (REE) essential to the production of... 

Perpetua added to VanEck Junior Gold Miners ETF, boosting Stibnite visibility

Perpetua Resources, listed on the Nasdaq and Toronto exchange, will be added to the Market Vectors Junior Gold Miners Index and the VanEck Junior Gold Miners ETF (GDXJ), effective at market close... 

Fakude, Mkhwanazi, Daley step down as Amplats nonexec directors

Nolitha Fakude, Themba Mkhwanazi and Matt Daley have stepped down as nonexecutive directors of Anglo American Platinum (Amplats) and consequently from the board committees they serve on, with... 

Image gearing up for first HMC shipment from Atlas

ASX-listed Image Resources said on Monday that it had started transporting heavy mineral concentrate (HMC) from the Atlas mineral sands project, north of Perth, to interim storage in Geraldton.... 

Lotus inks binding uranium offtake with N American power utility

Australia’s Lotus Resources has announced the signing of a binding contract with a major North American power utility for the sale of 600 000 lb of uranium from the Kayelekera mine in Malawi. The... 

Canada exempts Paladin’s PLS from non-resident ownership policy

Uranium miner and developer Paladin Energy has been granted an exemption from Canada’s Non-Resident Ownership Policy (NROP) for its Patterson Lake South (PLS) uranium project in Saskatchewan. The... 

Agnico Eagle invests in Colombian explorer Collective Mining

Exploration and development company Collective Mining has secured a C$63.4-million investment from Agnico Eagle Mines. Agnico Eagle has agreed to subscribe for 4 741 984 common shares at C$11 a... 

Boliden unveils expanded zinc smelter in Norway

A century after zinc production began in Odda, Norway, fuelled by the region's hydropower development, European metals company Boliden has inaugurated the expanded Odda zinc smelter, ushering in a... 

Wheaton reports record financial results for 2024

Dual-listed Wheaton Precious Metals has announced impressive financial and operational results for the year 2024, achieving record revenue, adjusted net earnings, and operating cash flow, largely... 

Stefan Babatchev

This week we profile Stefan Babatchev, chief project engineer at Condra Cranes & Hoists, a manufacturer of cranes, hoists and material handling equipment 

UNDER PRESSURE

South African factory sentiment edged deeper into contractionary territory in February, with the Absa Purchasing Managers’ Index, compiled by the Bureau for Economic Research, falling to 44.7 from... 

Resolution raises A$1.7m to advance antimony projects

ASX-listed Resolution Minerals has secured firm commitments for a A$1.7-million placement of fully paid ordinary shares in the company, aimed at advancing its recently announced antimony...