Lotus Resources Confirms Viability of Letlhakane Uranium Project in Botswana 1 International Uranium 

Lotus Resources Confirms Viability of Letlhakane Uranium Project in Botswana

ASX-listed Lotus Resources has completed a scoping study for the Letlhakane uranium project in Botswana, confirming its commercial viability with the potential to produce 3 million pounds of uranium per year and extend the project’s operational lifespan. The base case for the open-pit mine projects a total production of 42.3 million pounds of uranium oxide over 15 years at a cash cost of $42/lb. Lotus CEO Greg Bittar stated that optimization efforts could reduce costs to $36/lb. Bittar also highlighted the “blue sky” potential at Letlhakane, noting that at a… Read More Here
Jubilee Metals Appoints Dr. Reuel Khoza to Board, CFO Neal Reynolds to Resign 2 Mining Personality International 

Jubilee Metals Appoints Dr. Reuel Khoza to Board, CFO Neal Reynolds to Resign

Aim- and AltX-listed Jubilee Metals has appointed Dr. Reuel Khoza to its board while announcing the resignation of CFO Neal Reynolds. Reynolds will step down after the release of the company’s financial results, scheduled for the week of September 30, to pursue new opportunities. Riaan Smit, currently CFO of Jubilee’s chrome and platinum group metals (PGM) division in South Africa, will serve as interim CFO until a permanent successor is found. Dr. Khoza, set to join Jubilee in October, brings extensive experience from both public and private sectors, having held… Read More Here
Caterpillar affirms large mining truck product line commitment through the energy transition 3 Mining Equipment International 

Caterpillar affirms large mining truck product line commitment through the energy transition

IRVING, Texas, September 19, 2024 – Caterpillar Inc. (NYSE: CAT) is reinforcing its commitment to deliver product design choices in alignment with customers’ operational, sustainability and productivity goals that increase the value of a machine throughout its lifetime. These designs align with Caterpillar’s strategy to deliver integrated site solutions to support customers today and through the energy transition. As the industry looks to the future, Caterpillar is purposefully designing a modular Cat® 793 large mining truck platform with powertrain flexibility. This platform will include diesel mechanical, diesel electric and battery… Read More Here
Kal Tire announces Haltec Group as distribution partner for its KalPRO tooling 4 International Equipment & Technology Mining Equipment Press Release 

Kal Tire announces Haltec Group as distribution partner for its KalPRO tooling

KalPRO, a new sub-brand of Kal Tire, represents a collection of innovative tools and offerings developed to enhance safety, efficiency and productivity VERNON, BC—Kal Tire’s Innovation Centre in western Canada has been designing and producing proprietary tooling for nearly 10 years to help improve safety and efficiency for its mining tire technicians. From tools that reduce fatigue and strain to ones that eliminate high risk, KalPRO tools enable technicians to perform work with greater ease, efficiency and safety. Now, some KalPRO tools will be available to technicians globally through Haltec… Read More Here
Sibanye-Stillwater Reduces Production at US Mine, Secures New Metal Sales Deals 5 International 

Sibanye-Stillwater Reduces Production at US Mine, Secures New Metal Sales Deals

Sibanye-Stillwater is cutting production at its US-based Stillwater palladium/platinum mine by 200,000 ounces per year and is close to finalizing additional prepayment deals on gold, chrome, and platinum, which could generate between $600 million and $700 million. These measures aim to strengthen the miner’s balance sheet after a challenging operating period that saw negative free cash flow of R7 billion in the first half of the year, leading the company to withhold its interim dividend. The company’s financial difficulties were primarily driven by persistently low prices for platinum group metals… Read More Here
AngloGold Ashanti Launches $2.5 Billion Takeover of Centamin 6 International Gold 

AngloGold Ashanti Launches $2.5 Billion Takeover of Centamin

AngloGold Ashanti has initiated a $2.5 billion share and cash takeover of Centamin, the African gold miner producing 470,000 ounces annually. Centamin’s board has irrevocably supported the offer, which values Centamin shares at 163 pence, reflecting a 36.7% premium to its previous closing price and a 37.6% premium to its 30-day volume-weighted average price. Centamin operates the Sukari gold mine in Egypt, which produced 224,738 ounces in the first half of this year. The company recently completed a definitive feasibility study on its Doropo project in Ivory Coast, estimated to… Read More Here
Lobito Corridor to Reduce Oil Costs for Zimbabwe 7 International Transport and Logistics 

Lobito Corridor to Reduce Oil Costs for Zimbabwe

The development of Angola’s Lobito Corridor is expected to lower oil costs for Zimbabwe, according to Angolan Ambassador Thando Madzvamuse. Speaking on in Benguela after meeting with local government authorities, Madzvamuse highlighted the importance of the Lobito Corridor and its potential impact on Zimbabwe’s oil supply. Madzvamuse noted that once the Lobito Corridor is fully operational, Zimbabwe will begin receiving oil from Angola, reducing reliance on longer supply routes from South Africa and Mozambique. He emphasized that the corridor will help connect the Atlantic and Indian Oceans, allowing for more… Read More Here
Andrada Mining Reports Promising Drilling Results at Brandberg West 8 International Copper 

Andrada Mining Reports Promising Drilling Results at Brandberg West

Andrada Mining CEO Anthony Viljoen has announced highly encouraging initial drilling results from the Brandberg West project, revealing significant high-grade intersections of tin, tungsten, and copper. The Brandberg West project is located within exploration license EPL 5445 in Namibia’s Erongo region, approximately 100 km from Andrada’s flagship Uis Tin Mine. Historically, the Brandberg West open pit mine was operated by Gold Fields Limited until the 1980s, when exploration ceased due to a global collapse in tin prices. The mine previously produced tin and tungsten concentrates with secondary copper, though the… Read More Here
Gemfields Earns $2.3 Million from Auction of Sapphires, Corundum, and Rubies 9 Gemstones International 

Gemfields Earns $2.3 Million from Auction of Sapphires, Corundum, and Rubies

Johannesburg- and London-listed gemstone miner Gemfields generated $2.3 million in revenue from an auction held from September 2 to 4. The auction featured primarily commercial-quality sapphires, corundum, and rubies. All 5.7 million carats offered across ten lots were sold, achieving an average price of $0.41 per carat. The gemstones were sourced from Montepuez Ruby Mining (MRM) in Mozambique. Most of the auction’s offering comprised corundum and sapphires, which are by-products of MRM’s mining operations. Despite the commercial nature of these goods, the auction saw strong attendance and high demand. “The… Read More Here
FQM expects feasibility studies for Peru mine by 2028 10 Copper International 

FQM expects feasibility studies for Peru mine by 2028

Canadian miner First Quantum Minerals expects updated drilling results for its Peru copper project La Granja in the second half of next year, and feasibility studies by 2028, project development manager Steven Lewis said on Thursday. “The drilling is progressing well, it’s at 35%, and we expect to have the results in the second half of next year,” Lewis said on the sidelines of a mining industry conference. About the feasibility studies slated for completion by 2028, he said: “We’re working to meet this deadline.” First Quantum last year purchased… Read More Here

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