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Category: International

Zimbabwe lithium miners table refinery plans under govt pressure 1 International Battery Metals Lithium 

Zimbabwe lithium miners table refinery plans under govt pressure

Constance
Four lithium mining companies have tabled plans to produce battery-grade lithium in Zimbabwe, a government official said on Monday. Zimbabwe, Africa’s top producer of lithium, which is used in electric vehicle batteries and to store renewable energy, is prodding miners to refine the mineral locally as it hopes to boost its economy. Currently, Chinese lithium miners, who dominate the sector in Zimbabwe, only produce lithium concentrates which they ship to China for further processing. Last November, Zimbabwe’s finance minister Mthuli Ncube said the government had given miners up to March… Read More Here
Anglo shoots down BHP’s third attempt, agrees to one-week extension 2 International 

Anglo shoots down BHP’s third attempt, agrees to one-week extension

Constance
The world’s top diversified miner BHP has made a third unsolicited conditional takeover proposal for smaller rival Anglo American on Wednesday, only hours before its initial deadline for a firm intention to make an offer expired. The board of London-listed Anglo American rejected the latest proposal of £29.34 a share, but agreed to a one-week extension to the ‘put up, or shut up (PUSU)’ deadline under UK Takeover rules. BHP’s plan continues to involve an all-share offer, with a requirement for the company to complete two separate demergers of its… Read More Here
BHP shares fall after Anglo American rejects proposal 3 International 

BHP shares fall after Anglo American rejects proposal

Constance
Shares of Australia’s BHP Group fell over 3% on Thursday, a day after smaller rival Anglo American rejected its third takeover proposal and agreed to a one-week extension for the deadline to make a binding offer. Shares of BHP fell as much as 3.8% to A$44.47 by 00:26 GMT. BHP, the world’s biggest listed mining group, now has until May 29 to make a binding offer for Anglo American or it will be forced to walk away for at least six months, under the UK’s takeover rules. BHP’s latest 29.34… Read More Here
AngloGold Ashanti Signs $9 Million Exploration Deal with EcoGraf in Tanzania 4 International Exploration Gold 

AngloGold Ashanti Signs $9 Million Exploration Deal with EcoGraf in Tanzania

Constance
Gold mining giant AngloGold Ashanti has entered into a $9 million, five-year farm-in agreement with ASX-listed junior company EcoGraf for the exploration of gold at the Golden Eagle project in Tanzania. Situated on the eastern margin of the Archean Lake Victoria goldfields, the Golden Eagle project is located within the same structural corridor as the historical Golden Pride mine, which was operated by Resolute Mining and produced 3.4 million ounces of gold. EcoGraf Managing Director Andrew Spinks commented that the agreement with AngloGold, the world’s fourth-largest gold miner, highlights the… Read More Here
Madison begins drilling at Namibian uranium project 5 International Drilling Uranium 

Madison begins drilling at Namibian uranium project

Constance
Toronto-based Madison Metals has started its maiden 2024 drill programme at the Khan project at Madison West in Namibia’s Erongo uranium province. In April, the company announced that it had embarked on a mapping programme ahead of the drill programme, which consisted of infill geological mapping, along with ground scintillometer and spectrometer surveys over several Anomaly 5 drill targets. Madison’s original surveying was completed at 40 m line spacing with 10 m station spacing. The company added new drill targets at Anomaly 5 by surveying at 20 m line spacing.… Read More Here
FQM seeks to speed up Peru projects after Panama debacle 6 International Copper 

FQM seeks to speed up Peru projects after Panama debacle

Constance
Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void, is seeking to speed its copper projects in Peru, a company executive said on Wednesday. One of the three largest global copper producers, First Quantum in Peru controls the La Granja project, worth at least $2.5 billion, and the $1.86 billion Haquira project. “These are projects that need to be accelerated,” said the mining company’s project development director, Steven… Read More Here
Hydrogen Council appoints Ivana Jemelkova as New CEO 7 International Energy Mining Personality 

Hydrogen Council appoints Ivana Jemelkova as New CEO

Constance
Global CEO-led initiative the Hydrogen Council has appointed Ivana Jemelkova as CEO, following an extensive, international search. She succeeds Daryl Wilson, who stepped down as executive director of the Hydrogen Council in September 2023 owing to health reasons. During the nine-month transition period, Hydrogen Council operations director Steven Libbrecht acted as interim executive director, while policy and partnerships director Daria Nochevnik took on additional external representation duties.  Jemelkova, who will assume her new role on June 3, is a recognised leader in energy and sustainability, with a record of building and managing successful coalitions and partnerships to accelerate… Read More Here
Zimbabwe's President Mnangagwa Extends Condolences to Iran Over President Raisi's Death 8 International Governance 

Zimbabwe’s President Mnangagwa Extends Condolences to Iran Over President Raisi’s Death

Constance
President Emmerson Mnangagwa of Zimbabwe has extended his heartfelt condolences to the people of Iran following the tragic death of Iranian President Ebrahim Raisi in a helicopter crash in northwestern Iran. The crash also claimed the lives of the governor of East Azerbaijan province and other senior officials, including Iran’s Foreign Minister. In a statement reported by The Herald, President Mnangagwa reaffirmed Zimbabwe’s commitment to collaborating with Iran in advancing mutual socio-economic development goals despite existing sanctions. He expressed optimism for continued cooperation in memory of President Raisi’s legacy, recalling… Read More Here
Anglo’s second largest investor demands BHP bid revision 9 International 

Anglo’s second largest investor demands BHP bid revision

Constance
Anglo American’s (LON: AAL) second largest investor said on Wednesday it believes BHP’s (ASX: BHP) takeover bid requires “meaningful revision” in public remarks made just hours before the deadline for the larger miner to lodge a formal bid or withdraw. South African state-owned asset manager the Public Investment Corporation (PIC), which owns shares in both miners, said any proposal by BHP should reflect “the embedded value of existing Anglo assets” as well as the potential future benefits the bidder can gain, particularly from the target company’ unlisted assets. “This would… Read More Here
Six new large mines need to come online annually by 2050 to meet global copper demand – study 10 International Copper 

Six new large mines need to come online annually by 2050 to meet global copper demand – study

Constance
A study by researchers at the University of Michigan and Cornell University has found that copper cannot be mined quickly enough to keep up with current US policy guidelines to transition the country’s electricity and vehicle infrastructure to renewable energy. The paper, published by the International Energy Forum, examined 120 years of global data from copper mining companies and calculated how much copper the US electricity infrastructure and car fleet would need to upgrade to renewable energy. It found that renewable energy’s copper needs would outstrip what copper mines can… Read More Here

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