Giyani awaits final proposals from contractors for Botswana manganese projects

TSX-V-listed Giyani Metals Corporation has launched a tender process to choose a professional mining contractor for reclamation work at the K.Hill and Otse manganese projects, in Botswana. Giyani has identified six professional mining and mineral processing contractors as potential candidates for the reclamation and processing work at both sites, after the Botswana Department of Environmental Affairs approved the company’s environmental management plans.

Tshipi increases half-year dividend to R1.7bn

Manganese ore producer Tshipi é Ntle Manganese Mining, which operates the the Tshipi Borwa mine, in South Africa’s Northern Cape province, has resolved to pay a further dividend of R600-million to its shareholders, taking the total dividend for the first half of 2020 financial year to R1.7-billion. The increased dividend, which is higher than previously estimated, is mainly owing to additional low-grade product sold in the second quarter of the financial year and currency depreciation.

South32 to invest in infrastructure improvements

Diversified miner South32’s manganese production increased by 3% year-on-year to 5.5-million tonnes for the financial year ended June 30. In a teleconference on Thursday, the company indicated that, with manganese as a primary resource, South32 would explore opportunities where it could invest in infrastructure improvements and upgrades at its operations, to improve the pace and maximise output –investment that could demonstrate a strong capital return for the company.

Economic assessment shows positive NPV of $285m for Giyani’s Botswana project

A preliminary economic assessment (PEA), undertaken by consultants SRK Consulting, has shown a positive net present value (NPV) of $285-million for TSX-V- and Frankfurt-listed Giyani Metals' K.Hill manganese project, in Botswana. Giyani will have to invest about $141.3-million in capital expenditure on the project, which is expected to produce about 245 000 t of high-purity electrolytic manganese metal (HPEMM) over a nine-year operating life.

Gulf makes a move into Timor-Leste

ASX-listed Gulf Manganese will acquire a 20% interest in privately-held Iron Fortune, an exploration company focused on Timor-Leste. Under the terms of the agreement, Gulf would pay an initial A$100 000 for exclusivity, while conducting a due diligence. On the completion f the due diligence, Gulf would pay a further A$200 000 and issue A$100 000 worth of shares to secure its 20% interest in Iron Fortune.

Giyani receives environmental approvals for two Botswana projects

Canadian junior explorer Giyani Metals has received final approvals from the Botswana Department of Environmental Affairs (DEA) to implement environmental management plans (EMPs) at its K.Hill and Otse manganese projects. The final approval was granted after the customary one-month public review process, during which the TSX-V-listed company was required to advertise the details of the EMPs in the Government Gazette and local newspapers.

Gulf shareholders smile as supply chain links

ASX-listed Gulf Manganese on Thursday saw a 20% increase in its share price after the acquisition of its first high-grade manganese mine in Timor, and securing direct shipping ore for export from Indonesia. The company has told shareholders that it had vended the Putra Indonesia Jaya high-grade manganese mine to its key Indonesian and Singaporean partners.

Keras to reward shareholders with Calidus shares

Aim-listed mineral resource company Keras Resources plans to distribute its shareholding in exploration company Calidus Resources to Keras shareholders in proportion to their holdings in Keras. The shareholding will be distributed through a capital reduction and demerger process, which requires the approval of shareholders in a special resolution at a general meeting to be held.