SIBANYE STILLWATER
“Juicy” mine ripe for expansion, says Sibanye-Stillwater’s Stewart
- David McKay
SOUTH AFRICA
Orion hails “visibility” as SA investors join $15.4m capital raise
ORION Minerals said South African investors played an important role in the $15m share placement announced on Friday. Local investment in the country’s mining junior and exploration industry is not…
HIGH COURT
Pula Group appeals ARC graphite damages ruling
US-based Pula Group has filed for leave to appeal a Johannesburg high court judgement that cleared Patrice Motsepe’s African Rainbow Capital (ARC) of liability in a R3.4bn damages claim linked to a Tanzanian…
MOZAMBIQUE
NextSource closes in on Abu Dhabi plant funding
NEXTSOURCE CEO Hanré Rossouw said his company wouldn’t jump “head first” into building its proposed battery anode factory in Abu Dhabi given geopolitical tensions in the Middle East – but he also urged a…
MINING
Lithium demand forecasts too conservative
EVEN the most optimistic forecasts for lithium demand underestimate the metal’s future, said the Financial Times in a report this week citing the views of Tianqi Lithium CEO, Frank Ha. Tianqi Lithium is one…
ENERGY
Rare earths ‘land grab’ accelerates as US funding flows
A GLOBAL scramble for rare earths assets is intensifying, with US company USA Rare Earth alone striking four deals worth around $3bn in less than a year, said the Financial Times in an article on May 16. This…
GOLD
Sibanye’s R18bn Finland expansion is tip of the iceberg
SOUTH African miners’ appetite for offshore production has manifested in a spate of deals for mothballed mines and even producing ones. Some have legacy challenges. Many are in Australia. That’s true even for…
HANRE ROSSOUW
NextSource approves anode battery plant in Abu Dhabi
NEXTSOURCE Materials, a graphite development firm in Madagascar, is to press on with the development of downstream processing facilities in Abu Dhabi. The Toronto-listed firm said on Wednesday it had approved…
FINLAND
Sibanye-Stillwater starts talks with EU on ensuring Keliber’s viability
A DECISION on when to proceed with the third phase of the full €763m Keliber project in Finland, the refinery, is expected to be made in the fourth quarter of this year, once there is clarity on sustainable…
COBALT
India-Zambia critical minerals talks stall over rights
INDIA’S efforts to secure critical minerals from Zambia have stalled after Lusaka withheld assurances over mining rights, two sources familiar with the matter told Reuters. India received an allocation of…
MINING
DRC to build strategic reserve of key minerals
THE Democratic Republic of Congo will establish a strategic reserve of cobalt, coltan and germanium, giving the central African country greater control over markets for some of the world’s most critical…
COBALT
KoBold launches major Congo lithium exploration drive
US mining technology company KoBold Metals has begun what it describes as the largest lithium exploration campaign ever undertaken in the Democratic Republic of Congo, committing around $50m to the project…
COBALT
Zimbabwe grants Chinese miners lithium export quotas
ZIMBABWE has awarded export quotas for lithium concentrates to two Chinese mining companies, said Reuters citing state media reported on Monday. The awards come two months after the country suspended exports…
SAFETY
Zimbabwe sets conditions for lifting lithium export ban
ZIMBABWE will impose export quotas on lithium concentrates and require producers to commit to local processing facilities before it lifts a suspension on unprocessed mineral exports, the mines ministry has…
MINING
Kenya opens bidding for prized rare earths deposit
KENYA has invited expressions of interest in its Mrima Hill rare earths and niobium deposit, launching a competitive tender process that Nairobi hopes will attract bidders from the US, China and Australia.…
COPPER
US takes stake in graphite miner Syrah Resources
THE US International Development Finance Corporation (DFC) is converting a $31m loan to Australian graphite producer Syrah Resources into equity, giving Washington a roughly 20% stake in one of the world’s…