NewsminingLundin Mining To Option Exploration Properties From Talon Metals
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Global Mining Review
Mar 10, 2025Lundin Mining To Option Exploration Properties From Talon Metals
Concurrently with the execution of the exclusivity agreement, Lunding Mining has advanced Talon US$5 million to, among other things, commence drilling at Boulderdash.
It is anticipated that pursuant to the terms of the Option Agreement, Lundin Mining will agree to fund up to 30 000 m of Talon’s drilling campaign at Boulderdash in exchange for a 44.625% interest in Boulderdash. Such drill campaign will be completed in 10 000 m tranches at the election of Lundin Mining.
Following the completion of 30 000 m of drilling, the company may fund a feasibility study in respect of the Boulderdash property in exchange for an additional 25.375% interest in Boulderdash, for a total ownership of 70%, as well as the potential for a 90% interest in certain properties adjacent to Boulderdash.
Boulderdash Properties
The Boulderdash target is located approximately 12 km northwest of Lundin Mining’s Eagle Mine in Michigan, the only operating nickel mine in the US. The maiden drill hole at Boulderdash announced last year intercepted 99.92 m grading 0.41% nickel and 0.35% copper starting at 9.14 m depth, more recent drilling has intercepted 2.35 m of nickel-copper massive sulphide mineralisation assaying 2.33% nickel and 2.95% copper.
As part of the option agreement Lundin Mining will fund an initial 10 000 m drill program to follow up on recent drill results.
Read the article online at: https://www.globalminingreview.com/mining/10032025/lundin-mining-to-option-exploration-properties-from-talon-metals/
TG Metals has entered an agreement to acquire an 80% interest in the Van Uden Gold Project in Western Australia.
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Australian Mining
Industry Supports Qld Mining Lease Review WithdrawalPeak industry bodies have welcomed the Queensland Government’s decision to withdraw the mining lease objections review in favour of moving it under the Resources Cabinet Committee’s responsibilities.
Initiated by the previous State Government in June 2023, the mining lease objections review was being conducted by the Queensland Law Reform Commission (QLRC).
The QLRC was asked to review and make recommendations about the processes to determine contested applications for mining leases in the state under the Mineral Resources Act 1989 and associated environmental authorities under the Environmental Protection Act 1994.
While the final report and recommendations were due on June 30, Queensland Attorney-General Deb Frecklington has formally withdrawn the reference for the review. This means the report is no longer required.
“One of the (Queensland) Government’s 100-day plan commitments was to establish the Resources Cabinet Committee (RCC),” Frecklington said.
“The RCC will be considering policies and initiatives to maintain and improve the competitiveness of Queensland’s resources sector and the value of its supply chain, including bringing forward solutions that will reduce delays and improve approval time frames.
“Given the RCC’s focus, the QLRC’s current review is no longer required.”
The Queensland Resources Council (QRC) has welcomed the withdrawal, citing potential regulation duplication and further approvals delays.
“QRC has engaged constructively on behalf of its members with the QLRC making several submissions to the review,” QRC said.
“The QRC submissions expressed concerns that the review could lead to further duplication of regulation and delays in approvals of new resources projects through activist lawfare.”
QRC also welcomed the introduction of the RCC, describing it as “an effective platform to streamline project approvals and maintain strict environmental and regulatory standards”.
The Association of Mining and Exploration Companies (AMEC) has also supported the end of the mining lease objections review, with chief executive officer Warren Pearce describing it as “treading old ground”.
“This decision to scrap the review is to be commended and demonstrates a willingness to get on with the job,” Pearce said.
“Moving the mining lease objection review to the agenda of the RCC is a positive step for the industry and the community. There are great opportunities for new projects, growth and jobs in Queensland.
“By focusing on policy initiatives that streamline processes and remove red tape, there will be more value added to the economy and local supply chains. Spending less time on reviews and more time on solutions to reduce delays and improve approval time frames is supported by industry.”
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12 March 2025
Global Mining Review
Grx25 Set To Drive Global Mining CollaborationInnovation is the driving force behind mining’s evolution. From mechanisation to automation, from data analytics to AI-driven operations, the industry has embraced technological shifts. But today, the challenge is not just about developing new solutions – it is about scaling them, increasing efforts across borders, and finding common ground and alignment in an industry that has traditionally operated in silos.
This is where collaboration becomes a critical enabler of progress. The Global Open Innovation Colab at GRX25 has been designed to catalyse those championing innovation. From mining companies, to Mining Equipment, Technology & Services (METS) innovators, research institutions, and global technology hubs, it will bring together leading innovators and technology leaders from across the world to align on industry-wide priorities and explore pathways for collective action.
At GRX25 – the Global Resources Innovation Expo – this initiative will play a central role in advancing collaboration in the sector. Held in partnership between Austmine and AusIMM, GRX25 represents a new era of industry engagement, combining Austmine’s expertise in METS innovation with AusIMM’s deep connections to mining leadership and professional development.
Despite significant advancements in technology, the mining sector still struggles with fragmented innovation efforts. The pace of transformation varies across geographies, and many companies are investing in similar technologies or duplicating solutions without a clear pathway to integration or shared learning. While some industries have successfully adopted open innovation models – where competitors actually collaborate for the good of the industry – mining has often maintained an often closed, risk-averse, siloed approach.
The Global Open Innovation Colab is a step toward changing this. With confirmed participation from the Mining Innovation Hub of Peru, Centre for Excellence in Mining Innovation (Canada), Global Mining Guidelines Group (Canada), NORCAT, and BHP’s Think and Act Differently, the Colab is designed to drive collective thinking and develop industry-wide strategies that extend beyond GRX25.
For more information about GRX25 and to register, click here.
Read the article online at: https://www.globalminingreview.com/mining/11032025/grx25-set-to-drive-global-mining-collaboration/mining
11 March 2025
Mining Technology
Indonesia Proposes Increase In Mining Royalties On Coal, Nickel And CopperIndonesia is contemplating an increase in the royalties paid by mining companies for commodities such as coal, nickel and copper.
This proposal is part of the new government’s plan to accommodate President Prabowo Subianto’s spending initiatives, reported Reuters, citing sources.
The aim is to improve governance within the sector, according to Tri Winarno, a ministry official, during a public consultation.
Mining is a significant revenue source for resource-rich Indonesia, the world’s largest exporter of thermal coal and nickel products and a major supplier of tin and copper.
Officials have proposed raising royalty rates for miners and metal producers, introducing progressive rates for metals such as nickel and copper, the report said.
The government is considering levying royalties between 14% and 19% for nickel ore, based on benchmark price levels, compared with the current flat rate of 10%.
The proposal also includes progressive rates for nickel matte and ferronickel.
For coal, royalty rates could increase by one percentage point to a maximum of 13.5%, contingent on the benchmark coal price reaching at least $90 (Rp1.48m) per tonne (t).
At present, the government applies progressive royalty charges for coal, with the minimum rate set at 8% for coal with a calorific value of up to 4,200 kilocalories per kilogram, provided the price is at least $90/t.
The proposal also includes a plan to raise the royalty rate for copper ore to between 10% and 17%, up from the current fixed rate of 5%.
Additionally, royalty increases are being considered for copper cathode, copper concentrate, gold, platinum, silver and tin.
The Indonesian parliament recently approved a revision to Law Number 4 of 2009 on Mineral and Coal Mining (Minerba) to promote the development of domestic mineral processing industries.
The amendment seeks to guarantee a secure supply of ore and offer regulated access to mining for small businesses and religious groups.mining
11 March 2025
Global Mining Review
Condor Receives Its Second Critical Minerals Mining License In KazakhstanCondor Energies Inc., a Canadian based energy transition company, has been awarded a second critical minerals mining license (the Kolkuduk License) by the Government Ministry responsible for mining in the Republic of Kazakhstan.
Condor has a 100% working interest in the 6800 ha. Kolkuduk License, which provides the exploration rights for mining solid minerals for a six-year term.
The Kolkuduk Licence is in close proximity to the company’s existing 37 300 ha. Sayakbay critical minerals license, and both are located in a heavily faulted, geothermally active region, allowing migration of mineralised brines into reservoirs. The licenses are also adjacent to other developing hard rock mining operations focused on critical minerals. Both licenses are strategically positioned between Europe and China, providing direct access to existing and robust critical minerals markets.
A prior well drilled in the Kolkuduk License territory for hydrocarbon exploration encountered and tested brine deposits with lithium concentrations of up to 130 mg/l as reported by the Ministry of Geology of the Republic of Kazakhstan. A 1000 m column of tested and untested brine reservoir has been identified from historical wireline log and core data. Other critical minerals identified include rubidium, strontium, and caesium.
Don Streu, Condor’s President and CEO comments:
“Condor’s focus on developing critical minerals in Kazakhstan aligns with the strategic focus of multiple countries to accelerate the development of diverse, secure, and sustainable supply chains of critical minerals. Kazakhstan is one of the select group of minerals-producing countries identified as strategic to these efforts.
“Critical minerals have become a key focus for many country’s national security and economic prosperity. Condor’s expanding critical mineral initiatives compliment our existing Uzbekistan natural gas production enhancement project, as well as our developing Kazakhstan LNG transportation fuel business, to position the company to be a valuable supplier of secure, stable, and sustainable energy and mineral needs in the geo-politically strategic Central Asia region. It also positions the company to realise multiple revenue streams that should remain robust across varying economic conditions and geo-political priorities.”
Read the article online at: https://www.globalminingreview.com/mining/11032025/condor-receives-its-second-critical-minerals-mining-license-in-kazakhstan/mining
11 March 2025
Mining Technology
Mcewen Mining Completes $10M Investment In Goliath ResourcesGoliath Resources has disclosed the conclusion of a strategic, non-brokered private placement involving 5,181,347 units at C$1.93 per unit to McEwen Mining, an arm’s-length party to the company.
The transaction resulted in the issuance of 868,056 shares of McEwen common stock at a deemed price of C$11.52 per share, according to the terms of a subscription agreement.
Upon closing of the transaction, McEwen Mining owns approximately 5.4% of Goliath Resources, with Robert McEwen, chairman and chief owner of McEwen Mining, owning around 3.9% on a partially diluted basis.
Each unit is composed of one ordinary share in the company’s capital and a half-share purchase warrant, leading to the distribution of 2,590,673 warrants.
Each warrant grants the holder the right to purchase one ordinary share at an exercise price of C$2.50 per share, with this option being valid for a period of 12 months from the date of issue.
In line with relevant securities legislation, any issued securities will be restricted by a holding period lasting four months and one day from the date they are issued.
Goliath founder and CEO Roger Rosmus said: “It is with great pleasure to announce the completion of the strategic investment from McEwen Mining. Mr McEwen has made three personal investments in Goliath, and we are delighted to have him and his company as key strategic cornerstone shareholders.
“The endorsement of our Surebet discovery through McEwen Mining and Mr McEwen is exciting to us for key reasons. Rob is a member of the Canadian Mining Hall of Fame due to his success building Goldcorp and as a strategic investor in the mining sector. We are looking forward to our upcoming 2025 drilling season.”
Alongside the subscription agreement, Goliath Resources, McEwen Mining and Robert McEwen have also established a standstill agreement.
Under the agreement, McEwen Mining and Robert McEwen have agreed not to acquire, propose to acquire or approve the acquisition of any Goliath Resources securities that would exceed 9.9% of the total issued and outstanding common shares.
This commitment ensures that their holdings in Goliath Resources will remain below the 9.9% threshold.
This restriction will be in effect for a duration of two years and requires prior written approval from Goliath Resources. This includes any material assets or liabilities of Goliath Resources or its affiliates.
In December last year, McEwen Mining subsidiary McEwen Copper received approval for the environmental impact assessment to advance the Los Azules copper project in San Juan, Argentina.mining
10 March 2025
Global Mining Review
Lundin Mining To Option Exploration Properties From Talon MetalsConcurrently with the execution of the exclusivity agreement, Lunding Mining has advanced Talon US$5 million to, among other things, commence drilling at Boulderdash.
It is anticipated that pursuant to the terms of the Option Agreement, Lundin Mining will agree to fund up to 30 000 m of Talon’s drilling campaign at Boulderdash in exchange for a 44.625% interest in Boulderdash. Such drill campaign will be completed in 10 000 m tranches at the election of Lundin Mining.
Following the completion of 30 000 m of drilling, the company may fund a feasibility study in respect of the Boulderdash property in exchange for an additional 25.375% interest in Boulderdash, for a total ownership of 70%, as well as the potential for a 90% interest in certain properties adjacent to Boulderdash.
Boulderdash Properties
The Boulderdash target is located approximately 12 km northwest of Lundin Mining’s Eagle Mine in Michigan, the only operating nickel mine in the US. The maiden drill hole at Boulderdash announced last year intercepted 99.92 m grading 0.41% nickel and 0.35% copper starting at 9.14 m depth, more recent drilling has intercepted 2.35 m of nickel-copper massive sulphide mineralisation assaying 2.33% nickel and 2.95% copper.
As part of the option agreement Lundin Mining will fund an initial 10 000 m drill program to follow up on recent drill results.
Read the article online at: https://www.globalminingreview.com/mining/10032025/lundin-mining-to-option-exploration-properties-from-talon-metals/
TG Metals has entered an agreement to acquire an 80% interest in the Van Uden Gold Project in Western Australia.
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10 March 2025
Mining Technology
Condor Energies Secures Second Critical Minerals Mining Licence In KazakhstanCondor Energies, a Canadian energy transition company, has been awarded a second critical minerals mining licence by the government ministry responsible for mining in Kazakhstan.
The Kolkuduk licence, covering an area of 6,800 hectares (ha), grants Condor Energies a six-year term for exploring solid minerals.
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The licence is located near Condor Energies’ existing 37,300ha Sayakbay critical minerals licence.
Both licences are situated in a geothermally active region that is heavily faulted. This geological setting facilitated the migration of mineralised brines into reservoirs.
These licences are strategically located between Europe and China, offering direct access to critical minerals markets.
According to the Ministry of Geology of Kazakhstan, an earlier well drilled in the Kolkuduk licence area for hydrocarbon exploration uncovered brine deposits containing lithium concentrations of up to 130mg per litre.
Historical data indicates a 1,000m column of tested and untested brine reservoirs with other identified minerals including rubidium, strontium and cesium.
Condor Energies president and CEO Don Streu said: “Condor’s focus on developing critical minerals in Kazakhstan aligns with the strategic focus of multiple countries to accelerate the development of diverse, secure and sustainable supply chains of critical minerals.
“Kazakhstan is one of the select group of minerals-producing countries identified as strategic to these efforts. Critical minerals have become a key focus for many countries’ national security and economic prosperity.
“Condor’s expanding critical mineral initiatives complement our existing Uzbekistan natural gas production enhancement project and our developing Kazakhstan liquified natural gas (LNG) transportation fuel business to position the company to be a valuable supplier of secure, stable and sustainable energy and mineral needs in the geopolitically strategic central Asia region. It also positions the company to realise multiple revenue streams that should remain robust across varying economic conditions and geopolitical priorities.”
In related news, Ivanhoe Mines has formed a joint venture with UK-based Pallas Resources to explore the Chu-Sarysu copper basin in Kazakhstan.mining
10 March 2025
Mining Technology
Mali To Partially Lift Mining Permit SuspensionMali will partially lift its suspension on the issuance of mining permits following significant efforts to clean up the mining register, according to the country’s mines ministry.
The partial suspension of the decision is expected to be implemented from 15 March, reported Reuters.
The West African nation, a leading gold producer, initially halted the allocation of mining titles in November 2022 to refine its procedures.
In 2023, Mali enacted a new mining code, increasing taxes and aiming to allocate substantial stakes in assets to the state.
With the partial lifting of the suspension, Mali’s mining administration will now process applications for renewing exploration and exploitation permits, transitioning from the exploration phase to the exploitation phase, and transferring exploitation permits.
However, new mining permits and search permit transfers remain on hold, the report said.
Mining companies operating in Mali have welcomed the government’s decision.
Roscan Gold president and CEO Nana Sangmuah said: “This announcement provides much-needed clarity and stability for the mining industry in Mali, and we appreciate the government’s commitment to strengthening the sector’s governance.
“I have spent significant time in Mali in the last several months meeting with senior government officials and this step forward represents a significant de-risking of our Kandiole Project. This reinforces our confidence in the project’s potential and the positive upward trajectory of Mali’s mining sector and the opportunities ahead for Roscan.”
The Malian Government also recently announced the suspension of new artisanal mining permits for foreign nationals in response to a series of fatal accidents.
This decision followed a mine collapse on 15 February, which resulted in 43 fatalities, and a flooded tunnel on 29 January, which claimed 13 lives.
Consequently, several administrative and security officials were approved for dismissal by a Council of Ministers meeting in relation to these accidents.mining
10 March 2025
Australian Mining
Macmahon Inks Underground Mining Contract In IndonesiaMacmahon Holdings has been appointed as the underground mining services contractor at the Poboya gold project in Sulawesi, Indonesia, with the interim contract taking effect immediately.
Poboya is owned by PT Citra Palu Minerals (CPM), a PT Bumi Resources Minerals Tbk subsidiary. Macmahon currently provides open-cut mining services to the project.
Under the new contract, Macmahon will provide works such as underground mining development, ore mining activities, drilling, loading, hauling, equipment maintenance and mine services support.
CPM will supply all major capital equipment and infrastructure for Poboya.
“We are delighted to continue working with CPM on the next stage of the Poboya gold project which will see us expanding our services to include both surface and underground,” Macmahon managing director and chief executive officer Michael Finnegan said.
“We look forward to building on our valued relationship and are focused on growing the Poboya asset while continuing to drive safety and performance outcomes for our client.”
The interim contract will remain on foot under a cost-plus arrangement until Macmahon and CPM can finalise and execute a five-year, alliance style, underground mining services contract.
The contract’s value has not been determined as of yet, but it is expected to add approximately $317 million to Macmahon’s orderbook.
In other Macmahon news, the diversified contractor delivered $1.2 billion in revenue for the six months ending December 31, a 22 per cent increase from the prior corresponding period.
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07 March 2025
Mining Technology
Rtg Mining’S Mt. Labo Partners With Glencore For Mabilo Stage One FinancingMt. Labo Exploration and Development, a subsidiary of RTG Mining, has entered into a strategic partnership with Glencore International for stage one development of the high-grade Mabilo copper and gold project in the Philippines.
This binding term sheet includes offtake agreements and a financing package and will now proceed with long-form documentation.
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The secured financing facility offers up to $30m in three tranches on favourable terms for stage one development and working capital needs.
Tranche A includes $3.5m for early funding flexibility to complete stage one land acquisition, with minimal conditions precedent.
Tranche B includes $21.5m for the remaining stage one development and any working capital requirements, while tranche C includes $5m for additional working capital, subject to mutual consent.
The financing facility is fully secured with guarantees from shareholders and first-ranking asset and share securities.
The offtake agreement covers 100% of the stage one products, namely gold oxide cap, copper/gold oxide skarn and supergene chalcocite.
RTG CEO Justine Magee said: “This is a very important and exciting step in the start-up of the high-grade Mabilo Copper-Gold Project and signals the transition of RTG from explorer/developer to producer.
“We are delighted to be partnering with Glencore to advance Mabilo, and the favourable finance and offtake terms also come with a strong counterparty and group that have been both active and successful themselves in the Philippines via the PASAR Refinery. We are very confident our partnership with Glencore will add significant value to Mt. Labo’s collective shareholder bases and the Philippines as a whole.”
The Mabilo Project is estimated to hold mineral resources of 12.76 million tonnes (mt) grading 1.9 grams per tonne (g/t) of gold, 1.8% copper and 40.5% iron, containing 226,800 tonnes (t) of copper and 762,500oz of gold.
Proven reserves at the project are estimated at 7.792mt, grading 2.04g/t of gold, 1.95% copper and 45.5% iron, and containing 151,900t of copper and 511,100oz of gold.
The project is due to be developed in two stages. Stage one, spanning approximately one year, will treat 578,048t of ore, producing 25,200t of copper and 52,900oz of gold.
Stage two, lasting around six years, will process 1.35mt per year, yielding 18,400t of copper, 66,800oz of gold and 346,700t of iron.
The initial steps in the development of the project involve finalising land acquisition and securing tree-cutting permits, which will pave the way for committing to the development schedule and project start-up.mining
07 March 2025Mining Technology
Macmahon Secures Underground Mining Contract At Poboya Gold Project In IndonesiaMining and civil infrastructure services provider Macmahon Holdings has been appointed by PT Citra Palu Minerals (CPM) to provide underground mining services for the Poboya gold project in Sulawesi, Indonesia.
The interim contract will involve Macmahon in all underground mining development and ore mining activities including drilling, loading, hauling, equipment maintenance and mine services support, with the expectation to finalise a five-year alliance-style contract.
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The contract commences immediately under a cost-plus arrangement and is expected to contribute approximately A$317m to Macmahon’s order book.
CPM will supply all major equipment and infrastructure for the project as part of its mine operating strategy.
Macmahon is currently providing open-cut mining services at the Poboya project under a contract awarded in September 2024. The $54m contract is expected to be completed in September 2026.
Macmahon CEO and managing director Michael Finnegan said: “We are delighted to continue working with CPM on the next stage of the Poboya gold project, which will see us expanding our services to include both surface and underground.
“We look forward to building on our valued relationship and are focused on growing the Poboya asset while continuing to drive safety and performance outcomes for our client.”
In a separate development earlier this year, Cyprium Metals formed a strategic alliance with Macmahon to expedite the redevelopment of the Nifty Copper Complex in Western Australia.
Additionally, Macmahon was awarded a $463m contract by PT Masmindo Dwi Area for the Awak Mas gold project in South Sulawesi, Indonesia.
This contract includes open-cut mining services across a 14,390-hectare area, further solidifying Macmahon’s presence in the region’s mining sector.mining
07 March 2025Mining Technology
G Mining Starts Site Preparation For Oko West Gold Project In GuyanaG Mining Ventures has initiated site preparation at the Oko West Gold project in Guyana, marking a major milestone in the advancement of the operation.
The Guyana Environmental Protection Agency granted an interim environmental permit in January 2025, allowing the early construction work to begin.
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This marks the initial phase of the Oko West project’s planned capital expenditure (capex) of $200m–240m for 2025.
Early works construction encompasses various critical infrastructures such as an airstrip, barge landing facility, communications tower, main access road, permanent camp, power generation, and water and sewage treatment plants.
These facilities will lay the groundwork for the project’s next phases.
G Mining Ventures is also progressing with permitting efforts to obtain the full environmental licence.
Throughout 2025, the company will concentrate on several key milestones for the Oko West project.
These include the publication of the feasibility study, securing project financing, making a formal construction decision, continuing detailed engineering, and conducting greenfield and brownfield exploration.
G Mining Ventures president and CEO Louis-Pierre Gignac said:”The commencement of early works construction at Oko West demonstrates our commitment to expedite the delivery of another world-class gold project.
“With site preparation activities initiated ahead of schedule, we are applying our extensive development expertise to ensure seamless execution while upholding high safety, environmental and social standards.
“These early-stage activities lay the groundwork for potentially fast tracking the project construction, once we publish the feasibility study, secure financing and make a formal construction decision, all anticipated by the middle of 2025.”
The Oko West feasibility study, incorporating updated mineral resource and mineral reserve estimates, is scheduled for publication in the second quarter of 2025.
A positive feasibility study, alongside final permits and project financing, is expected to pave the way for a formal construction decision in the second half of 2025.
In April 2024, G Mining Ventures merged with Reunion Gold, acquiring Reunion’s Oko West project.mining
07 March 2025Global Mining Review
Mining Permit Granted For Thorny RiverThe Thorny River project is close to the well-known, mined-out Marsfontein mine. BOD has undertaken extensive geophysics, drilling, and bulk sampling along the Thorny River dyke-system. The geology and grades were consistent with those in the nearby Klipspringer Mine. Two kimberlite blows (ie. a significant widening of the kimberlite dyke) which are commercial at the right diamond price, and which include the River and River Extension zones within the Thorny River project, were outlined. The company applied for two mining permits over these two zones and one has now been received.
Given the focus of BOD on Botswana, it was decided to use contractors to mine the nearby Marsfontein gravels and dumps project as a "proof of concept," with BOD receiving a 15% revenue royalty. A contractor moved on site and undertook some trial mining. Falling diamond prices and delays in permitting resulted in the project being put on care and maintenance in October 2023. Once diamond prices recover, mining could resume at Marsfontein, as well as commence at Thorny River, now that permits are in force.
John Teeling, Chairman, commented:
"At last we have received the mining permit. We also note a small improvement in diamond prices. If the price rises are sustained, we can look forward to the commencement of contractor mining at Thorny River."
Read the article online at: https://www.globalminingreview.com/mining/06032025/mining-permit-granted-for-thorny-river/
Fleet Space Technologies has announced its acquisition of HiSeis, the world’s leading provider of active seismic exploration technology to the minerals industry.mining
06 March 2025Africa Mining Market
Tanzania Pays Off Canadian Mining FirmMontero Mining and Exploration Ltd. has confirmed the completion of the final US$7 million payment from the government of Tanzania, marking the conclusion of a long-standing dispute over the expropriation of the Wigu Hill rare earth element project.
The US$27 million settlement resolves a protracted legal battle that began when the Tanzanian government seized control of the Wigu Hill project.
The dispute was settled out of court in November 2023, following an agreement between the government and the Canadian company. Montero had initially sought US$70 million in compensation.
Under the terms of the agreement, Tanzania agreed to pay Montero US$27 million, approximately 39% of the original demand.
The payment was to be made in three installments, with Montero receiving US$12 million by November 2024. The final two installments, totaling US$15 million, were to be paid by January and February 2025, with the last installment being received on 4th March 2025.
This settlement not only concludes the legal dispute but also spares Tanzania from a lengthy court hearing, the risks of an adverse ruling, and the potential challenges of enforcing any judgment.
Montero had invested approximately 15.5 million Canadian dollars in the project since its inception in 2008.
Despite several attempts to resolve the matter amicably, Montero filed an investment arbitration claim with the International Centre for Settlement of Investment Disputes (ICSID), which will now be formally discontinued.
Montero’s President and CEO, Dr Tony Harwood, expressed satisfaction with the timely completion of the settlement.
“I am pleased Montero has timely received the third and final payment of US$7 million from Tanzania,” said Dr Harwood.
He added that the company was now positioned to resolve the financial aspects of the settlement, including legal costs and other expenses incurred during the dispute.
Montero also stated that it is considering options to distribute the settlement funds to its shareholders, including the possibility of a return of capital distribution. A final decision will be made after an internal review of the legal, taxation, and administrative costs, with an announcement expected in the second quarter of 2025.
The company will retain a portion of the settlement funds to cover any remaining expenses related to the dispute, which will be Montero’s responsibility moving forward.
Efforts to contact the Attorney General, his deputy, and the Solicitor General for comment were unsuccessful.
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06 March 2025Mining Technology
Mali Suspends New Artisanal Mining Permits For Foreigners After Fatal AccidentsThe Malian Government has announced the suspension of new artisanal mining permits to foreign nationals following a series of deadly accidents, reported Reuters.
In a recent Council of Ministers meeting, the government also approved the dismissal of several administrative and security officials linked to these incidents.
The decision came in response to two recent tragedies: a mine collapse on 15 February that claimed 43 lives and a flooded tunnel on 29 January that resulted in 13 fatalities.
Interim President Assimi Goita has “instructed the government to strengthen measures to avoid human and environmental tragedies”, Minister of Security and Civil Protection, General Daoud Aly Mohamedinne, was quoted as saying by Bloomberg.
The measures also include halting local councils from issuing artisanal mining licences to foreign individuals and confiscating any machinery employed in gold extraction at small-scale mines.
Mali, a leading gold producer, hosts operations by international companies such as Barrick Gold, B2Gold, Resolute Mining and Hummingbird Resources.
Since a military coup in 2020, Mali’s leaders have committed to revising the mining sector to ensure greater state benefits from high gold prices.
This has led to disputes with foreign companies, including an ongoing issue with Barrick Gold.
However, a new agreement reached last month with Barrick may settle a two-year dispute over mining operations in the country.
Mali is expected to receive CFA Fr750bn ($1.2bn) from mining companies in the first quarter of 2025 after mining sector reforms, including a new mining code.
Mali’s industrial gold production saw a decline of 23% year-over-year in 2024, reflecting the challenges faced by the industry.
CEOs of gold mining companies have said that these changes necessitate adjustments for future investment in Mali’s gold sector.mining
06 March 2025Africa Mining Market
Industry Conferences Flag Critical Moment For Mining’S TransformationWith a growing global demand for critical minerals, two of North America’s largest mining conferences have been exploring the strategies and technologies that will drive the sector’s transformation towards sustainability.
Economic shifts, sustainability pressures and the urgent need for reliable and alternate supply chains have been among the key focus areas at the Society for Mining, Metallurgy and Exploration (SME) MINEXCHANGE 2025 conference in Denver and the Prospectors and Developers Association of Canada (PDAC) 2025 convention in Toronto.
“These events are taking place at a pivotal time for the industry,” said Jerome Rodriguez, Executive Vice President of Sales and Marketing at Railveyor, who attended both forums. “The industry is being challenged to rethink how resources are extracted, processed, and transported.”
Rodriguez noted that during PDAC, Ontario Premier Doug Ford announced plans to expedite development of Canada’s Ring of Fire region – a critical mineral-rich area positioned as a cornerstone for Ontario’s economic security. Ford has emphasized that ensuring a stable domestic supply of these materials is vital to protecting Canada’s economy from potential tariffs and external market disruptions.
“Meanwhile, Canada’s federal government is reinforcing its stance on investment in the sector,” he said. “Natural Resources Minister Jonathan Wilkinson has made it clear that Canada is open for business, as the country looks to strengthen its position in global supply chains for critical minerals.”
Wilkinson also announced a two-year extension of the 15% mineral exploration tax credit, injecting $110 million into the sector to accelerate project development. Rodriguez reaffirmed that these policy moves underscore what industry leaders at SME MINEXCHANGE and PDAC made clear: that the mining industry is evolving quickly, and technology, sustainability and supply chain security are at the heart of its transformation.
At SME MINEXCHANGE, for instance, discussions focused on the growing role of digital twin technology and simulation modeling in optimizing material handling. Mining companies are increasingly relying on real-time data and AI-driven analytics to improve efficiency, reduce operational risks and lower costs.
“This signals a push toward data-driven decision-making and the optimization of material handling networks,” he said. “The mining industry is facing mounting pressure to increase productivity while reducing operating costs. Companies that integrate these technologies now will position themselves for long-term success.”
Similarly, the focus at PDAC this year shifted to how the industry can bring new projects online faster while maintaining high environmental and social standards, said Rodriguez. He highlighted that the demand for critical minerals needed for the energy transition is surging, and supply chains needed to keep up.
According to Tas Mohamed, CEO of Railveyor, there was real urgency to bring new projects online, but speed must come with sustainability and operating effectiveness.
“The industry is embracing new technologies and innovative approaches to ensure we can deliver the minerals needed for the energy transition without compromising productivity and a return on investment,” said Mohamed.
She added that Northern Ontario is emerging as a focal point for this transformation, with significant investment and momentum in mining innovation. With Premier Ford pushing for faster project approvals and Minister Wilkinson reinforcing Canada’s openness to investment, the challenge now is responsible execution – to ensure that these projects move forward efficiently while upholding responsible mining practices.
“The transformational shift in mining that was under the spotlight at both SME MINEXCHANGE and PDAC highlighted the importance of haulage and supply chain,” she said. “Across the industry, there is a growing recognition that efficient operations supported by optimized material movement is just as critical as resource extraction itself.”
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06 March 2025Africa Mining Market
The Role Of Staffing Solutions In South Africa’S Mining EvolutionSouth Africa’s mining industry, a historical cornerstone of the national economy, is undergoing a profound transformation. Driven by technological advancements, a renewed focus on sustainability, and increasing global demand for critical minerals, the sector is poised for a new era of growth and innovation. However, this evolution is inextricably linked to a critical challenge: securing and developing a skilled workforce.
Automation and digital technologies are reshaping the mining landscape, increasing productivity, safety, and efficiency. Foreign investment, attracted by the country’s rich mineral resources, is further accelerating this transformation. While these advancements offer immense potential, they also present new challenges for mining companies.
One of the most pressing issues is the availability of skilled labour. Remote mining operations, often located in geographically isolated areas, coupled with increasing competition from other sectors like renewable energy, make it difficult to attract and retain top talent. Additionally, the need to comply with employment equity targets, ensuring a diverse and representative workforce, adds another layer of complexity to the recruitment process.
Within this dynamic and complex operational context, Temporary Employment Services (TES) providers are increasingly being seen as strategic partners for mining companies. These organisations, specialising in recruitment, staffing, and human capital management, play a critical role in addressing the industry’s workforce challenges.
Leveraging their national reach and extensive networks, TES providers can tap into diverse talent pools, identifying suitable individuals who may not be readily accessible to mining companies. This is particularly important for remote mining operations, where access to local talent can be limited.
TES providers can also help mining companies streamline their recruitment processes, reducing time-to-hire and ensuring a steady supply of skilled workers. Most importantly, partnering with a reputable staffing solution provider can give mining companies the ability to focus on their core operations, such as exploration, extraction, and processing, while outsourcing non-core HR functions.
The role of the TES provider should be more than filling immediate vacancies. TES providers can become strategic partners by understanding a mine’s long-term workforce needs and identifying potential talent for development. This might involve suggesting employees for upskilling or promotion programmes, or even recommending external candidates for key positions.
By collaborating closely with mining companies, TES providers can help drive innovation, sustainability, and inclusivity within the sector. They can assist in finding skilled workers for new technologies and systems, ensuring a smooth transition to a more automated, safety-first future. Additionally, TES providers can help mines meet their employment equity targets by identifying and recruiting qualified candidates from diverse backgrounds.
TES providers have the potential to drive positive change in the mining industry. By expanding their search nationally, they can help mining houses to create a more inclusive and equitable workforce, and by streamlining HR and payroll functions, TES providers can significantly improve operational efficiency and reduce costs for mining companies.
As South Africa’s mining industry continues to evolve, the role of staffing solutions providers will be indispensable. By addressing the challenges of workforce planning, recruitment, and development, these organisations can help drive the sector’s growth, sustainability, and social impact. In partnering with mining companies, TES providers can ensure a skilled, diverse, and motivated workforce, ultimately contributing to the nation’s economic prosperity.
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06 March 2025Africa Mining Market
Uniting Industry Leaders For A Sustainable Mining FutureGhana’s premier event bringing together small-scale gold miners, policymakers and global partners, takes place under the theme Sustainable Mining & Local Growth – Leveraging Resources for Global Impact. Taking place from 2nd – 4th June 2025, at the Kempinski Hotel Gold Coast City in Accra, the event will feature high-level panel discussions, project showcases and exclusive networking opportunities, spotlighting lucrative prospects within Ghana’s mining sector.
Global industry leaders and sustainability experts, including the World Bank, World Gold Council, the United Nations, the African Union and ECOWAS, will explore how responsible mining practices can drive economic growth, enhance community well-being and support global economic stability. Discussions will focus on how mining investments create high returns, generate employment and strengthen key industries connected to the sector.
Ghana is prioritizing mining as a key driver of socioeconomic development. The country seeks to enhance the contribution of artisanal and small-scale gold mining (ASGM), in driving industry growth and economic expansion. The ASGM sector is a pillar of Ghana’s economy, generating over US$5 billion in export revenue in 2024 and accounting for 35% of the country’s total gold production. The sector supports over 1 million direct jobs and indirectly impacts 4 million people, making it one of Ghana’s largest employment sources. Mining in Motion will highlight Ghana’s success as a model for sustainable artisanal mining, emphasizing its role in economic stability and community development. Otumfuo Nana Osei Tutu II, King of the Ashanti Kingdom, will address the importance of traditional leadership in shaping the ASGM industry. The event will spotlight key topics within Ghana’s mining sector, including the newly established Gold Board which aims to maximize revenue from ASGM, responsible resource management and value addition.
Apart from the contribution made by the ASGM sector alone, the role played by stakeholders across the entire mining value chain to GDP growth is immense. According to the International Monetary Fund, Ghana’s GDP is projected to grow by 1.5% in 2025, fueled by continued expansion in the mining sector. Research firm Deloitte predicts a 3% increase in Ghana’s gold output in 2025 compared to 2024 levels, a milestone that will cement the country’s role as a major gold exporter. To sustain this growth, the Ghanaian government has strengthened partnerships with global exploration and production firms and financial institutions, intensifying efforts to boost mineral exploration and production. Several major projects are set for commissioning in 2025 and 2026, including the 358,000 ounces per annum Cardinal Namdini Mine, the 325,000 ounces Ahafo North Project and the 163,000 ounces Black Volta Gold Project.
As Ghana continues to expand its global mining footprint, Mining in Motion will highlight the industry’s contribution to economic growth, both locally and internationally. H.E. John Dramani Mahama, President of the Republic of Ghana, will present the country’s socioeconomic vision, showcasing key achievements in mining sector growth and sustainability initiatives.
Industry leaders will examine the collaboration between large-scale mining companies and ASGM players, fostering synergies that drive sector-wide growth.
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06 March 2025Mining Technology
Lundin Mining To Option Michigan Nickel-Copper Targets From Talon MetalsLundin Mining has entered into an exclusivity agreement with Talon Metals to negotiate an earn-in agreement for the potential acquisition of up to a 70% interest in the Boulderdash and Roland nickel-copper exploration properties.
Located adjacent to Lundin’s Eagle mine, the optioned properties cover 33,000 acres within Talon’s 400,000-acre mineral package in Michigan’s Upper Peninsula.
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Talon is currently in the process of earning up to an 80% interest in the Michigan Land Package from UPX Minerals.
Under the anticipated terms of the option agreement, Lundin Mining is expected to fund up to 30,000m of Talon’s drilling campaign at Boulderdash to earn a 44.63% interest in the optioned properties.
The initial step in this partnership has seen Lundin Mining advance $5m to Talon to kick-start drilling activities at Boulderdash.
This drilling will be conducted in 10,000m tranches at Lundin Mining’s discretion.
Upon completion of the drilling, Lundin Mining has the option to fund a feasibility study for an additional 25.38% interest, potentially bringing its total ownership to 70%.
Lundin also holds the potential to own a 90% interest in certain properties adjacent to Boulderdash.
The Boulderdash properties are strategically located approximately 12km north-west of Eagle mine in Michigan, the only operating nickel mine in the US.
Talon CEO Henri van Rooyen said: “Talon continues to respond to the call for responsible production of critical minerals in the US, specifically nickel for defence and national security purposes.
“The proposed transaction with Lundin Mining is part of Talon’s strategy to continue to build Talon’s integrated drilling and geophysics business to generate cash flow to progress the feasibility study and permitting of the Tamarack Mining Project in Minnesota and its Battery Minerals Processing Facility in North Dakota.
“Once the option agreement is signed, Talon expects to be cash flow positive, which is a rare achievement for a junior exploration and mine development company.”
If the agreement is not finalised, Talon will have to repay the $5m advance or issue shares to Lundin Mining at a value equivalent to the advance, based on the five-day volume-weighted average price of Talon shares on the Toronto Stock Exchange (TSX) at the time of issuance.
In June 2024, Lundin Mining exercised its option to acquire an additional 19% stake in SCM Minera Lumina Copper Chile, the owner of the Caserones copper-molybdenum mine, for $350m.mining
06 March 2025Mining Technology
Marula Mining Subsidiary Inks Manganese Ore Sale Deal With BaosteelAfrica-focused mining and development company Marula Mining’s subsidiary Muchai Mining Kenya has entered a contract with Baosteel Resources South Africa for the purchase and sale of manganese ore from the Kilifi manganese processing plant in Kenya.
Baosteel Resources is a wholly owned subsidiary of state-owned China Baowu Steel Group, the world’s largest steel producer.
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Under the contract, Baosteel Resources will exclusively sell the manganese ore produced at the Kilifi plant as an agent.
Muchai Mining will manage mining, loading and transportation to the designated handover destination, while Baosteel Resources will oversee export and sales logistics.
The contract, which commenced on 1 March 2025, outlines a five-year term with an initial delivery of at least 5,000 tonnes (t) of manganese ore by 30 April 2025.
Subsequent monthly deliveries will scale up from 10,000t to 20,000 wet tonnes, with each delivery forming a separate sale and purchase contract.
The pricing for the manganese ore will be based on China Ferroalloy Online index rates, including provisional and final settlement mechanisms that account for product quality, moisture, grade adjustments and market-based revisions.
A performance bond mechanism will ensure secure transactions and accommodate price fluctuations.
A provisional payment of 90% of each monthly shipment will be made to Muchai Mining upon delivery, with the balance paid after final quality and quantity certifications.
Marula Mining CEO Jason Brewer said:“This is a landmark agreement for Marula and the Kilifi Manganese Processing Plant. It marks a significant milestone for the company as we look to establish broad and long-term international partnerships, expand our mining and processing operations and enhance our profile with key industry players.
“We continue to work with key stakeholders here in Kenya and overseas to continue developing and growing Marula’s battery and critical metals portfolio to production and with sales targeting the international markets.
“We are excited at the opportunities this relationship with Baosteel Resource provides and I believe it will strengthen our position in the manganese and other key sectors such as lithium and copper too.”
Marula Mining formalised a deal to acquire 80% of Agarwal Metals and Ores, owner of Kenya’s Kilifi manganese plant, in August 2024.mining
05 March 2025