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Magazine round up | 28 June 2024
Magazine round up | 28 June 2024
28th June 2024 By: Creamer Media Reporter

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 


The Zinkgruvan mine
Lundin weighs sale of zinc mines in Sweden and Portugal
27th June 2024 By: Bloomberg

Lundin Mining Corp is considering a potential sale of two European zinc mines as the Canadian metals producer turns its focus to copper in Latin America, according to people familiar with the... 


The aftermath of the collapsed dam
Claimants for deadly Mariana dam collapse file injunction against BHP, Vale
27th June 2024 By: Reuters

Lawyers representing claimants taking legal action over Brazil's worst environmental disaster filed an injunction this week against miners BHP and Vale for "trying to derail" a potential... 


A uranium enrichment plant
US to start buying up to $2.7bn in domestic nuclear reactor fuel
27th June 2024 By: Reuters

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... 


Anglo paid $23.5bn in taxes, economic contributions in 2023
27th June 2024 By: Darren Parker

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.... 


Black Rock secures offtake agreements for Mahenge graphite
27th June 2024 By: Creamer Media Reporter

ASX-listed Black Rock Mining, through its majority-owned subsidiary Faru Graphite, has finalised two full form offtake agreements with key industrial customers Muhui International Trade and... 


GTI Energy appoints Hartmann to board
27th June 2024 By: Mariaan Webb

Clean fuel group GTI Energy has appointed Denver-based in situ recovery uranium technical and executive leader Matt Hartmann to the board of directors. Hartmann joins the ASX-listed company’s... 


Amanda Lacaze
Lynas targets 2025 production for separated heavy rare earths at Malaysian facility
27th June 2024 By: Mariaan Webb

ASX-listed Lynas Rare Earths plans to start production of two separated heavy rare earths (HRE) products at its Malaysian facility by 2025. This marks a strategic shift as Lynas expands its product... 


Ramelius makes strategic investment in Spartan
27th June 2024 By: Mariaan Webb

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... 


two dump trucks onsite
Hummingbird expects Kouroussa to reach commercial production in the third quarter
27th June 2024 By: Darren Parker

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... 


African Rainbow Minerals CEO Phillip Tobias
ARM CEO discusses elements for successful JV partnerships
27th June 2024 By: Sabrina Jardim

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... 


Exxon backs EV demand growth to turn its lithium bet into a win
Exxon backs EV demand growth to turn its lithium bet into a win
27th June 2024 By: Bloomberg

Exxon Mobil said lithium demand will grow despite a years-long slump in prices, a scenario that would help its traditional oil business co-exist with a foray into producing the battery material... 


Sumitomo may earn-in to Hammer’s Bullrush project
Sumitomo may earn-in to Hammer’s Bullrush project
27th June 2024 By: Mariaan Webb

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... 


sunset at uis
Andrada signs deal to restructure Uis Tin Mining Company
27th June 2024 By: Darren Parker

Dual-listed Andrada Mining has executed a legally binding agreement to restructure Uis Tin Mining Company (UTMC), the operational Namibian entity that holds the ML133, ML134 and ML129 mining... 


Paladin sets guidance for resurrected Namibia uranium mine
Paladin sets guidance for resurrected Namibia uranium mine
27th June 2024 By: Mariaan Webb

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... 


Minerals Council CEO Mzila Mthenjane being interviewed by Mining Weekly.
Mining needs one-stop regulatory environment to boost growth – Minerals Council
27th June 2024 By: Martin Creamer

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... 


Disputed Sigma Lithium land has 'probable' reserves, study shows
Disputed Sigma Lithium land has 'probable' reserves, study shows
27th June 2024 By: Reuters

Sigma Lithium, the biggest player in Brazil's booming lithium industry, told regulators late last year it had found likely mineral reserves on two plots of disputed land, about a month after it... 


Gold Road makes readiness advancements at Yamarna
27th June 2024 By: Mariaan Webb

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... 


Petra CE Richard Duffy
Petra shares plans to reduce operating costs, appoints new CFO
27th June 2024 By: Darren Parker

London-listed Petra Diamonds has shared its plan for a sustainable reduction of $30-million a year in operating costs from the 2025 financial year, as well as a smoothing of its development and... 


Speakers who participated in Creamer Media's ESG in Mining webinar
Experts unpack the evolution of ESG across the mining value chain
27th June 2024 By: Marleny Arnoldi

Environmental, social and governance (ESG) has evolved to being driven by external factors such as shareholder activism and investor confidence, rather than regulatory frameworks, finds a panel... 


New Pacific shares PFS results for Bolivia silver asset
27th June 2024 By: Creamer Media Reporter

Toronto-listed New Pacific Metals has announced the results of its prefeasibility study (PFS) for the Silver Sand project, in Bolivia, confirming its potential to become a high-grade, low-cost pure... 


Alaska Natives sue EPA over Pebble mine veto, Northern Dynasty says
Alaska Natives sue EPA over Pebble mine veto, Northern Dynasty says
27th June 2024 By: Reuters

Northern Dynasty Minerals said on Wednesday two Alaska native village corporations had sued the Environmental Protection Agency (EPA) for its veto against the Canadian miner's proposed Pebble mine... 


Eskay and P2Gold terminate business combination
Eskay and P2Gold terminate business combination
27th June 2024 By: Creamer Media Reporter

Canadian juniors Eskay Mining and P2Gold have announced that they would terminate their proposed business combination transaction, citing market conditions. The companies earlier this month... 


akobo operations
Akobo completes processing plant, starts commissioning in Ethiopia
27th June 2024 By: Darren Parker

Scandinavia-based gold exploration and mining company Akobo Minerals has successfully completed the construction of its processing plant and has started commissioning activities at its operation in... 


Vedanta Base Metals CE Chris Griffith
Vedanta in talks with IHC unit, investors for Zambian copper stake sale
27th June 2024 By: Reuters

International Resources Holding (IRH), the mining investment arm of United Arab Emirates' richest company, is among investors holding talks on buying into Vedanta Resources' Zambian copper assets,... 


Australia's Tamboran Resources raises $75m in New York listing
Australia's Tamboran Resources raises $75m in New York listing
27th June 2024 By: Reuters

Australia's Tamboran Resources has priced its shares at $24 each to raise $75-million in its New York listing, according to the company's filings on Thursday. The company sold 3.125-million shares... 


Recycling to kick in as long-term solution to EU rare earths challenge
27th June 2024 By: Reuters

EU companies are gearing up to take advantage of the huge potential for recycling to supply critical rare earths for the bloc's green transition, but it will take time before there is enough supply... 


Norway to award Arctic blocks for seabed mining in 2025
Norway to award Arctic blocks for seabed mining in 2025
27th June 2024 By: Reuters

Norway offered large areas of the Arctic region for its inaugural seabed mineral licensing round on Wednesday and aims to award exploration permits during the first half of 2025, the country's... 


E3 Lithium expects Clearwater to produce 32 250 t/y
27th June 2024 By: Reuters

Canadian lithium-focused company E3 Lithium said on Wednesday its Clearwater Project in Alberta would have an initial capacity of 32 250 t/y of lithium hydroxide. Backed by Exxon's Imperial Oil,... 


Freeport Indonesia launches $3.7bn Gresik copper smelter
Freeport Indonesia launches $3.7bn Gresik copper smelter
27th June 2024 By: Reuters

Copper and gold miner Freeport Indonesia on Thursday launched its $3.7-billion copper smelter in Gresik, East Java, that has a total input capacity of 1.7-million metric tons of copper... 


Sibanye ‘will have to’ shutter US mine unless palladium recovers
Sibanye ‘will have to’ shutter US mine unless palladium recovers
27th June 2024 By: Bloomberg

Sibanye Stillwater will be forced to halt operations at its Montana palladium mine if prices don’t recover soon, according to CEO Neal Froneman. “The future of Stillwater remains in the balance,”... 


Meteoric to supply Brazil rare earths magnet factory
26th June 2024 By: Reuters

Rare earth developer Meteoric Resources will collaborate with a regional department of Brazil's Minas Gerais state to explore the production of rare earth magnets, the Australian company said on... 


Panel explores relevance of listed market for mining capital   
26th June 2024 By: Tasneem Bulbulia

The world is infinitely more complex now, with the energy transition, longer lead times and geopolitical fracturing, than in previous years and this presents challenges and questions around mining... 


The TGME project in South Africa
Theta raises another $4m for South Africa gold project
26th June 2024 By: Creamer Media Reporter

ASX-listed Theta Gold Mines has received firm commitments from investors to raise a further A$4-million (A$6.02-million) in equity funding to advance its TGME gold plant, in South Africa. The... 


Nolitha Fakude, Thuli Madonsela, Mzila Mthenjane and Paul Miller.
Mining central to South Africa’s socioeconomic wellbeing, AGM hears
26th June 2024 By: Martin Creamer

Given its far-reaching multiplier effect, mining is the epicentre of South Africa’s economy and social wellbeing and has been at the heart of its economic progress and development for much of this... 


Haul trucks at a copper mine
Copper market facing renewed caution from investors
26th June 2024 By: Sabrina Jardim

With the demand for copper having increased amid the global energy transition, Benchmark Mineral Intelligence project manager: energy transition commodities Piotr Ortonowski described this year as... 


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