Copper Case Studies & News
- New hope emerges for Platina's scandium project
Junior Platina Resources will update its independent scandium market study and would work with Traxys Europe SA to assess scandium product and market development, as well as the potential funding options for its scandium project, in New South Wales. The sharpened focus on the scandium project comes in response to mining major Rio Tinto’s recent announcement that it would construct a commercial scandium oxide demonstration plant in Quebec, with Platina MD Corey Nolan saying the company was hopeful this move would stir favourable winds for the market and its own scandium project.
- Nickel Mines hit record highs
ASX-listed Nickel Mines has reported a 7.7% increase in quarterly production from its Indonesian rotary kiln electric furnace (RKEF) projects for the three months to December, with attributable production reaching a record high. RKEF production during the quarter reached a record 11 527 t during the December quarter, with Nickel Mine’s share of production accounting for 9 221.6 t.
- Pensana applies for facility permits
Rare earths developer Pensana has submitted a planning application for its rare earth oxide separation facility in Yorkshire. The company told shareholders on Monday that the application could take up to three months to review.
- Silver Lakes sees gold production fall
Gold miner Silver Lake Resources has reported a drop in gold production for the three months to December, compared with the previous quarter. The ASX-listed miner on Monday noted that group production reached 58 858 oz equivalent, with sales reaching 59 824 oz and 492 t of copper and a realised gold price of A$2 336/oz.
- Lake raises funds for Kachi advancement
– Lithium developer Lake Resources will raise A$20.6-million in a share placement to fund its flagship Kachi lithium brine project, in Argentina. The ASX and OTC-listed company on Monday said that it would issue some 125-million new shares, at an offer price of 16.5c each to institutional investors, with one attaching option issued for every two new shares on offer, with an exercise price of 30c each and a two-year expiry.
- Iodine used as a spacecraft propellant for the first time
In what could very well prove to be a major development for space technology, a satellite has used an iodine propellant to alter its orbit around the Earth. This is the first time that iodine has been used as a propellant on a spacecraft. The iodine thruster was fitted to a commercial research nanosatellite designated SpaceTy Beihangkongshi-1. The thruster was developed by French startup ThrustMe, supported by the European Space Agency. ThrustMe was spun-off from France’s École Polytechnique and the Centre National de la Recherche Scientifique (National Scientific Research Centre).
- After pandemic, oil firms even less willing to cover $3.9bn cost of South Africa's clean fuel plan
After being hit by the pandemic, oil companies in South Africa are unlikely to upgrade refineries to cut sulphur emissions unless the government allows them to pass the costs on to consumers or offers other support, the South African Petroleum Industry Association (Sapia) says. New rules requiring oil refineries in South Africa to cut diesel sulphur levels to 10 parts per million (ppm) had been due to come into effect in 2017 but have been postponed indefinitely due to a disagreement between the government and SAPIA, which represents oil majors, over who will cover the cost.
- Redefine Properties resolves not to declare full-year dividend
The board of real estate investment trust (Reit) Redefine Properties has resolved not to pay a dividend in respect of the 2020 financial year, in the face of ongoing Covid-19 uncertainty. The board explained in a January 22 statement that it had considered the needs of all stakeholders in the context of a rapidly changing trading environment.
- ‘Comply with Political Party Funding Act’ – Pityana urges business, politicians
With the Political Party Funding Act expected to come into effect from April 1, Business Unity South Africa president Sipho Pityana has called on political parties and business to urgently comply with the legislation. President Cyril Ramaphosa announced the signing of the Act, on Friday, paving the way for transparent and accountable party funding. Pityana said the legislation was a long time coming.
- AfCTFA to help drive continent’s economic recovery from Covid-19 pandemic
The African Continental Free Trade Area (AfCFTA) can help drive the continent’s economic recovery from the deadly coronavirus pandemic and spur transformation, says Economic Commission for Africa (ECA) regional integration and trade division director Stephen Karingi. He says that, given that Africa does not have the fiscal space for trillion-dollar stimulus packages as it attempts to ‘build forward better’ from the impact of Covid-19, the AfCFTA, driven by the private sector, is going to be key in unlocking Africa’s potential.