NewsminingTasmania Bolstered By Critical Minerals
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Australian Mining
Feb 17, 2025Tasmania Bolstered By Critical Minerals
The Tasmanian Government has opened applications for the latest round of the Exploration Drilling Grant Initiative (EDGI) in a bid to support the discovery of critical mining opportunities.
Commencing in 2018, the EDGI encourages and supports industry and investors to identify new and potentially lucrative greenfield mining opportunities as well as the re-examination of existing mine or mining lease sites, including for critical minerals and those minerals needed for decarbonisation.
The program provides up to $50,000 for direct drilling costs and $20,000 for helicopter support, if required, for successful applicants to undertake mineral exploration.
Tasmanian Business, Industry and Resources Minister Eric Abetz said the state is full of minerals needed to drive the global energy transition, including copper, tin and tungsten.
“Critical minerals are a sought-after commodity as governments, businesses and organisations across the globe look to a more sustainable future,” Abetz said.
“There is a global shift to find these minerals and Tasmania can continue to further cement itself as a leader in this space. This funding will allow mineral explorers to test greenfield locations which may lead to our next big mineral discovery.”
Applications for the latest EDGI round will close on March 27, with the successful applicants expected to be announced in mid-May.
Growing critical minerals exploration is one of the four objectives outlined in the recently released Tasmanian Critical Minerals Strategy.
Abetz said increased exploration efforts will lead to more resources projects coming online, resulting in more jobs.
“Now in its eighth year, the (EDGI) grants program supports industry and investors to find new and potentially lucrative mining opportunities as well as the re-examination of old mines,” Abetz said.
A recent EDGI success story was Elementos uncovering high-grade tin and base metal mineralisation at the North Scamander and Luina prospects within the Cleveland project. Abetz said discoveries like Elementos’ highlight the importance of EDGI.
“Successes like these can lead to the development of new mines that are required to sustain and grow the Tasmanian economy while facilitating decarbonisation,” he said.
“The mineral resources sector remains Tasmania’s top export earner, contributing more than $2.8 billion a year in exports while supporting more than 7200 jobs.
“In (the) 2023–24 (financial year), $52.2 million in royalties were generated, meaning in the last five years royalty payments have totalled $283 million with an additional $10 million from rentals and fees.”
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Australian Mining
Industry Supports Queensland Mining Lease Review ChangePeak 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 in June 2023, the mining lease objections review was 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, meaning 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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13 March 2025
Australian Mining
Fortescue Motorsport Tech Takes To The Mining IndustryFortescue Zero has developed an “ultra-fast booster system” that could increase the power of battery-electric mining vehicles.
The company launched the technology, which can provide a battery boost of more than 10 per cent in 30 seconds for motorsport vehicles, for the ABB FIA Formula E World Championship, where it will serve as the official Pit Boost provider for the all-electric motorsport series.
Fortescue Zero – the sustainability arm of Fortescue – believes there are broader applications, with the technology informing a six-megawatt solution to power battery-electric heavy mining equipment.
Fortescue Zero chief executive officer (CEO) Ellie Coates believes the hardware will bring excitement and innovation to the racetrack and world.
“The ultra-fast boost technology … not only takes motorsports to a new level, (but) it also has a flow-on effect to real-world practicalities too, including in heavy industry and on-road electric vehicle applications,” she said.
With help from battery intelligence software Elysia, the new ultra-fast technology for the ABB FIA Formula E World Championship has been formulated to optimise speed while also enhancing battery life.
“Fortescue Zero pushes the limits of what batteries, their infrastructure and intelligence systems can do in a safe, tested and innovative way,” Coates said.
Formula E CEO Jeff Dodds said the integration of Fortescue Zero’s Pit Boost technology is not only a game-changer for motorsport, but is also cutting-edge technology with real-world relevance.
“This new technology will have enormous real-world benefits and tangibly contributes to our overarching mission of accelerating the development and uptake of EVs around the world,” he said.
The Pit Boost technology was deployed in round three of the ABB FIA Formula E World Championship and will continue to be deployed throughout the season, including rounds in Monaco, Tokyo, Shanghai and Berlin.
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13 March 2025
Africa Mining Market
Global Firms Target Malawi’S Us$30 Billion Mineral BoomMalawi could generate up to US$30 billion from mineral exports between 2026 and 2040, with annual revenues expected to hit US$3 billion by 2034, according to the World Bank. The financial institution projects the sector to account for 12% of the country’s GDP by 2027, driven by new projects and the expansion of existing production initiatives. As prospects within Malawi’s mining industry continue to grow, the upcoming African Mining Week in Cape Town, will serve as a key platform to connect Malawian stakeholders, regulators and global investors, driving investment inflows and fostering strategic collaborations to accelerate sectoral development.
Malawi has recorded several industry growth milestones in 2025, with global partners expediting exploration and production projects in line with the country’s Agriculture, Tourism and Mining Strategy, designed to attract new investments for economic growth. Last month, Australian company Lotus Resources secured US$38.5 million in funding from South African banks First Capital Bank and Standard Bank for its Kayelekera Uranium Project. This financing injection not only supports operational readiness, but also enhances Malawi’s positioning as a competitive uranium producer amid rising global demand. With the funds providing working capital and supporting the firm’s equipment procurement, the development marks a huge milestone for the project, ahead of a planned Q3 2025 first production target.
Sovereign Metals, supported by Rio Tinto, is fast-tracking the Kasiya Rutile-Graphite Project, home to the world’s largest known rutile resource and the second-largest flake graphite reserve. A February 2025 test conducted by the firm confirmed the mine’s suitability for refractory applications, while a January 2025 feasibility study projected US$16.4 billion in revenue potential. As global markets increasingly seek sustainable sources of high-quality rutile and graphite, Kasiya is well-positioned to become a pivotal supplier, meeting rising industrial and green energy needs. With US$665 million allocated for project development, Kasiya is expected to become a major revenue generator for Malawi.
In the rare earths sector, Australia’s Lindian Resources is seeking to attract new investment partners for its Kangankunde Rare Earths Project. The company recently awarded a US$1.3 million contract to Mota-Engil to develop infrastructure and carry out civil works, advancing project timelines. With rare earth elements playing a crucial role in high-tech industries, clean energy and defense applications, this project strengthens Malawi’s position in the global supply chain.
In January 2025, Kula Gold and African Rare Metals established a joint venture (JV) for the Wozi Niobium Project to accelerate project development through expertise and shared capital. The JV has applied for an exploration license, with plans for fieldwork, sampling and a US$100,000 drilling program beginning in Q2 2025. Given growing demand for niobium for steel production, the project is poised to generate substantial foreign exchange earnings for Malawi.
Amid these developments, African Mining Week will provide a platform for deal-making and partnerships, connecting Malawi’s mining sector with global investors and showcasing the country’s growing potential as a hub for critical minerals. With an increasing focus on securing reliable mineral supplies for the energy transition, Malawi’s rich deposits of uranium, graphite, niobium and rare earths present a unique opportunity for international stakeholders seeking long-term, stable partnerships.
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12 March 2025
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.”
Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.mining
12 March 2025
Africa Mining Market
Anpg Reveals Angola’S Us$60 Billion Oil And Gas…Angola is experiencing a resurgence in interest in its oil and gas sector as global players seek to tap into the country’s vast and lucrative energy potential. With the increasing global demand for energy, Angola is positioning itself as a key player in the market, according to Alcides Andrade, Executive Administrator of the National Agency for Petroleum, Gas and Biofuels (ANPG).
Speaking at CERAWeek in Houston, Andrade revealed that Angola has secured over US$60 billion in commitments for upcoming projects, attracting both established and new operators. Over the next five years, these investments will drive significant development, and ongoing negotiations with various investors are expected to further bolster Angola’s oil and gas sector.
The ANPG has embraced a strategy based on three core pillars: agility, flexibility, and pragmatism to maintain its competitiveness.
“The industry is global, and capital will go where it is most welcome. We in Angola are committed to providing the best possible environment for oil and gas investors,” stated Andrade.
He said the ANPG has streamlined its licensing processes, reducing response timelines for investment proposals from years to under 30 days under the strategy. Additionally, the agency is implementing a regulatory framework that aims to increase private sector investments while ensuring high returns for investors.
While the growing adoption of AI and rising global energy demand have made Angola an attractive destination for investment, Andrade highlighted that Angola’s business and operating environment for oil and gas has significantly improved over the past five years, reinforcing its status as a prime location for energy investments.
He noted that Angola was once a global hotspot for exploration and is now making a strong comeback. The government, under President João Lourenço, has introduced transformative policies over the past five years, including visa entry relaxations and improved fiscal terms, to enhance investor confidence.
As a result, Angola has launched four licensing rounds, offering 40 blocks, over the past five years and is on track to commence gas production at its second non-associated gas project in the latter half of 2025. The country’s incremental production program, designed to optimize mature fields, has maintained average production above 1.1 million barrels per day. Furthermore, Angola has prioritized carbon emission reduction strategies, achieving a 60% reduction in flaring over the past 15 years through cooperation with operators.
The upcoming African Energy Week (AEW): Invest in African Energies – taking place from September 29 to October 3, 2025, in Cape Town – will highlight Angola’s regulatory reforms and revitalization efforts in the oil and gas industry.
These policy changes have led to other several significant milestones, including the drilling of over 30 wells, particularly in frontier basins like the Namibe Basin, and the introduction of new production assets in marginal fields, strengthening Angola’s production portfolio in both onshore and shallow waters.
As hydrocarbons continue to play a crucial role in stabilizing the global energy mix, Angola remains committed to strengthening its position as a preferred supplier, according to Andrade.
To further strengthen the flow of investments in Angolan oil and gas, the ANPG-endorsed Angola Oil & Gas (AOG) conference will serve as a strategic platform for connecting Angolan regulators and industry stakeholders with global investors. Scheduled for 3rd – 4th September 2025, in Luanda, the event will feature high-level panel discussions and exclusive networking opportunities, providing first-hand insights into Angola’s expanding oil and gas sector.
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12 March 2025
Mining Technology
Gen Mining Secures Last Construction Permit For Marathon Project In CanadaGeneration Mining has secured the final construction permit from the Ontario Ministry of Natural Resources (MNR) for its 100%-owned Marathon copper-palladium project in north-western Ontario, Canada.
The Ontario MNR granted all three outstanding approvals for infrastructure construction related to the water management structures at the project under the Lakes and Rivers Improvement Act.
Generation Mining president and CEO Jamie Levy said: “These further LRIA [Lakes and Rivers Improvement Act] approvals from the Government of Ontario demonstrate the continued advances we are making to bring the Marathon Project to fruition.
“We remain committed to working closely with all regulatory bodies to ensure the highest standards of environmental and social responsibility in the construction and operation of the Marathon Project. With just one outstanding approval to be obtained from the Government of Ontario, we are closer than ever to being fully permitted and ready for construction.”
The Marathon copper-palladium project is estimated to produce a total of 3.6 million ounces (moz) of palladium-equivalent over its existing 13-year mine life.
The project includes the construction, operation, decommissioning and remediation of three open pits to produce copper concentrate, consisting primarily of copper, palladium and platinum.
Other infrastructure includes an access road, a mine rock storage area, a 115kV transmission line, an onsite ore processing plant, a process solids management facility and a water management system.
The feasibility study projected a net present value of C$1.16bn ($805m), an internal rate of return of 25.8% and a 2.3-year payback.
Over its mine life, the project is expected to produce 2.12moz of palladium, 517 million pounds (mlb) of copper, 485,000oz of platinum, 158,000oz of gold and 3.15moz of silver in payable metals.
Generation Mining is working on securing an Environmental Compliance Approval – Industrial Sewage Works (ECA-ISW) for water discharge at the Marathon project site from the Ministry of Environment, Conservation and Parks.
Once this final provincial approval is secured, the Marathon project will have all essential permits for construction.
In 2023, Generation Mining signed an offtake term sheet with Glencore International to supply copper concentrate from its Marathon project.mining
12 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
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
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
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 2025Mining 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 2025Global 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 2025Mining 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 2025Australian 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 2025Mining 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 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 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 2025