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  • Lack of funding remains a big concern for coal juniors
    by Sabrina Jardim on 24 May 2024 at 2:27 pm

    Amid challenging market conditions, junior coal miners in Africa face challenges in securing funding, with about 70% experiencing constraints in exploration and production owing to insufficient financing, said coal procurement and mining development company Alpha Resources and Investments CEO Selim Kaymak, citing statistics from a Mining Technology report. During a presentation at the Junior Mining Indaba on May 22, Kaymak discussed the implications of a challenging coal mining market for junior miners. In his presentation, he cited a Minerals Council South Africa statistic that junior coal miners are significant players in South African coal production, contributing up to 30% of South Africa’s overall output.

  • Social elements of ESG in mining more complex, but an established part of mining's legacy
    by Schalk Burger on 24 May 2024 at 2:17 pm

    While there are increasingly complex regulatory requirements governing the social obligations of mines, regulations are only catching up to what some mining companies are doing to benefit mine communities and stakeholders. Mining companies understand the need to obtain a so-called 'social licence to operate' from communities in an area, and many of them also conform to international regulations, such as stock exchanges' environmental, social and governance (ESG) reporting rules, as well as international norms and expectations in terms of their social obligations.

  • Massive water power possibilities in underground mining, says COMRO book editor
    by Martin Creamer on 24 May 2024 at 1:52 pm

    When hydropower was being developed for South Africa’s gold-mining industry, the industry was going through a tough time and the research organisation of the day, the Chamber of Mines Research Organisation or COMRO, ceased to function in the form that it had for 30-odd years. Had COMRO continued with its intense hydraulics research through what was such an uncertain time that it merged the research organisation with the CSIR, water power could conceivably have been playing a much bigger role than it is now.

  • Graphite market challenges made 2023 tough for Syrah but the future looks promising
    by Darren Parker on 24 May 2024 at 1:37 pm

    Unforeseen graphite market developments in 2023 cast a shadow on ASX-listed Syrah’s Balama graphite project’s sales and production momentum, while highlighting the company’s strategic position in global battery anode and natural graphite markets, chairperson Jim Askew said on May 24 at the company’s AGM. The lower production from Balama, in Mozambique, along with natural graphite sales and weighted average prices in 2023, compared with 2022, were impacted by synthetic graphite capacity expansion and government policy influence on the Chinese anode customer market, inhibiting Balama from achieving its full potential, he said.

  • MC Mining acknowledges Goldway’s plans to buy all outstanding shares
    by Darren Parker on 24 May 2024 at 9:40 am

    ASX-, JSE- and Aim-listed MC Mining has acknowledged the announcement made on May 22 by investment firm Goldway Capital Investment regarding an offer to compulsorily buy out certain ordinary shares in MC Mining following Goldway's recent off-market takeover offer. The terms of the buy-out offer mirror those of the initial takeover offer. The consideration for the buy-out offer stands at A$0.16 a share.

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