Aim-listed Keras Resources’ 85%-owned subsidiary Société Générale de Mines (SGM) has received a notification of a decree from a meeting of the Council of Ministers of Togo, held on October 18, permitting SGM to undertake large-scale mining at the Nayega manganese project in northern Togo. Keras anticipates that the all documentation related to the exploitation permit will be signed by SGM and Keras during the course of this week.
Botswana-based manganese developer Giyani Metals has welcomed the news that Botswana has joined the Energy Resource Governance Initiative (ERGI), which supports the discovery of mineral reserves of strategic metals used to make battery electric vehicles (EVs). Under the ERGI, the US will share mining expertise with member countries to help them discover and develop minerals such as lithium, copper and cobalt, as well as advise on management and governance frameworks to help ensure their industries are attractive to international investors.
Black-owned and woman-led Kalagadi Manganese and State-owned Transnet have cemented a partnership that will allow for the transportation of an initial one-million tonnes a year of beneficiated manganese in the form of sinter. The contract will earn Transnet in excess of R3-billion and volumes may increase to three-million tonnes a year.
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.
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.
Aim-listed Keras Resources has raised £350 000 through the placing of 87.5-million ordinary shares of 0.1p each at a price of 0.4p a share. This is the company’s first capital raise since October 2017.
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.
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.
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.
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.