Asara Resources Limited’s Post

#Dealoftheday AngloGold Ashanti is acquiring Centamin PLC, whose flagship Tier 1 asset is Sukari gold mine in #Egypt. Sukari is one of the world's largest producing mines and has produced over 5.9 Moz of gold in 15 years. #AngloGoldAshanti CEO Alberto Calderon (right) comments: "This transaction is free cash flow accretive in the first full year of production and Net Asset Value accretive from day one.” #Centamin CEO Martin Horgan (left) comments: “This allows our assets to grow as part of AngloGold Ashanti's larger, diversified portfolio, benefitting from AngloGold Ashanti's track record of developing and operating large-scale open pit and underground mines in Africa." #MiningInEgypt #Goldmining #MI25 #MIM&A25

🗞 Manara Minerals's Acquisition of 10% stake of Vale Base Metals successfully finished According to Vale, the company has finished the acquisition deal with Manara Minerals, the joint venture of Ma'aden and Public Investment Fund (PIF). Based on the contract, Manara Minerals will own 10% of share of Vale Base Metals. The strategic partnership will accelerate VBM’s value creation from its portfolio of best-in-class assets and projects, allowing VBM to help drive global energy transition at scale and faster across its critical metals operating areas. Over the next ten years, VBM expects to 𝗶𝗻𝘃𝗲𝘀𝘁 𝗶𝗻 𝗻𝗲𝘄 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀 𝗮𝗰𝗿𝗼𝘀𝘀 𝗕𝗿𝗮𝘇𝗶𝗹, 𝗖𝗮𝗻𝗮𝗱𝗮 𝗮𝗻𝗱 𝗜𝗻𝗱𝗼𝗻𝗲𝘀𝗶𝗮, significantly increasing the company's copper production from 350,000 tons per year to 900,000 tons per year, and nickel production from 175,000 tons per year to 300,000 tons per year. #Nickel #copper #basematel #nonferrous #CriticalMinerals #Vale #ValeBaseMetal

📌 Most Innovative SMME’s: Thasasa Thasasa, an SME based in📍Mpumalanga, offering groundbreaking mining solutions, including patented innovations such as made-to-spec blast containment walls and a specialized stone-dusting machine. These solutions significantly enhance mining operation efficiencies and safety, allowing Thasasa to transform mining organizations that partner with this incredible SME. At Yanda Growth Consulting, our expertise in strategic marketing and business coaching has empowered Thasasa to reach new heights. The insights provided by our YANDA growth marketing program facilitated thorough the Sasol Siyakha Fund ESD initiative, have assisted Thasasa in addressing business challenges and showcasing their innovations effectively. The YANDA partnership with Signa Opportunity, has led to the empowerment of Thasasa through increased human resources in the form of talented graduates provided to the SME. Yanda's results-driven approach to working with SMMEs in enterprise supplier development programs has yielded impactful growth and sustainable success for many businesses. Join us in transforming the South African business landscape and driving meaningful change. Corporates looking to collaborate with us can contact us at info@yandaconsulting.co.za. #InnovateforGrowth #Innovation #SMME #MiningSolutions #EconomicGrowth #JobCreation #YandaGrowthConsulting #YANDA #BusinessTransformation #ESD #Thasasa

🚀 𝐓𝐬𝐢𝐧𝐠𝐬𝐡𝐚𝐧 𝐆𝐫𝐨𝐮𝐩 𝐓𝐚𝐤𝐞𝐬 𝐁𝐨𝐥𝐝 𝐒𝐭𝐞𝐩𝐬 𝐢𝐧 𝐍𝐢𝐜𝐤𝐞𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩! 🚀 Unveiling groundbreaking initiatives, tsingshan holding group is gearing up for a significant third-party audit of its PT Weda Bay Nickel (WBN) mine in Q3 2025, reinforcing its commitment to sustainability and industry excellence. Morgan Xue, VP of Eternal Tsingshan Indonesia Group, announced at the Indonesia Critical Minerals Conference that WBN aims for IRMA certification, showcasing their dedication to maintaining the highest standards in the nickel sector. Additionally, Tsingshan's Debang Jade Bay project is on track for RMI certification, with an audit scheduled for June 2024. These strategic moves highlight #Tsingshan's focus on responsible supply chains and ethical operations, solidifying their position as a leader in the global nickel industry 🔗 Dive deeper into Tsingshan's strategic initiatives in: https://lnkd.in/gUr7eVEp 🔔 Stay ahead with Petromindo! Subscribe now for the latest updates on the energy and mining sectors. Get exclusive insights, industry news, and detailed reports delivered directly to your inbox. #NickelIndustry #Sustainability #MiningExcellence #NickelMining #IndustryLeadership #BusinessNews #EthicalMining #ESG #PetromindoNews

Shanta Gold Limited said drilling at its West Kenya development continues to indicate economic grades and continuity of the mineralisation across its prospects. Eric Zurrin, chief executive, said: "At Ramula, the 2,911 metres of assays reported today should allow us to convert Inferred resources to Indicated category resources. “Results from the 1,886 metres of assays at our early-mid-stage targets at both Miruka and Anomaly 22 have demonstrated economic range mineralisation, confirming the continuity of the mineralisation." Grades included 4.4 to 5.89 g/t over narrow widths at Ramula and 2.38 to 4,33 g/t at Miruka. Shanta shareholders recently accepted a takeover offer from Saturn Resources. More at #Proactive #ProactiveInvestors http://ow.ly/lwbM105pCAO

PT Bukit Asam Tbk (PTBA) has maintained its optimism about the future of its coal business, despite the growing restrictions on coal consumption by several developed countries, including China. Setiadi, Senior Vice President of the Project Management Office at PTBA, indicated that the company sees significant potential in emerging markets, particularly in Southeast Asia and South Asia. He cited countries like India, Bangladesh, and Pakistan as attractive markets due to their high demand for coal. Read more: https://lnkd.in/gFgGaJxu Indonesia #1 Premier Mining Event Return in 2025 👉👉👉 www.indonesiaminer.com Sponsorship & Exhibit Opportunities 📩 info@indonesiaminer.com #indonesiaminer #PTBA #CoalBusiness #MiningIndustry #GlobalChallenges #EnergySector #Optimism #IndonesiaMining #CoalProduction #MiningNews #2024Updates 

✅ Altamin Limited (ASX:AZI) has announced significant strategic developments: 💼 Altamin to acquire Appian’s 29.85% in Vedra Metals Srl (Vedra), the special purpose joint-venture company established for the Gorno Project under a subscription and joint venture agreement. Following completion of the Acquisition, if it is completed, Altamin will hold a 100% interest in Vedra and, accordingly, the Gorno Project and the existing joint venture arrangements will terminate. 🔄 Restructuring the ownership of the Gorno Project will best facilitate the realisation of value through a sale of its interest or a strategic interest in the Gorno Project or the continuation of progress towards FID to enable development of the Gorno Project. Recent strength in zinc and silver prices and channel sampling success enhance Gorno’s potential economic value. 🔋 🌱 Advancement of the Lazio Project is now a key focus. Lazio is considered an exciting and highly prospective asset aligned with Italy’s new mining law, EU Critical Raw Materials Act and UN Sustainable Development Goals. Proximity to excellent infrastructure and European markets combined with anticipated demand growth for lithium and sulphate of potash (SOP), positions Lazio with potential to be a key driver of future shareholder value. 💰 Altamin is launching an entitlement offer to raise up to approximately $8.4 million, aimed at supporting its new strategic direction. The Company’s major shareholder, VBS, has committed to subscribe for at least $2.1 million under the entitlement offer. Eligible retail shareholders may subscribe for additional Shares under the Top-up Facility to the Entitlement Offer. 🚀 Altamin is confident this two-stream strategy can maximise shareholder value in the short and long term. For more information, see the following links: 📄Capital Raising Presentation: https://lnkd.in/g2uvxHjN 📄Acquisition of Appian Interest in Vedra: https://lnkd.in/ga4WHy7h 📄Accelerated Non-renounceable Entitlement Offer: https://lnkd.in/gGTtQYmK 📄September 2024 Quarterly Activities & Cashflow Report: https://lnkd.in/gwDBhe99 📄Cime EL Scoping Application: https://lnkd.in/gxhdgXWr #ASX #Silver #Zinc #Lithium #SOP

**Platinum Production in South African 2024** - South Africa dominates global #platinum production in 2024, contributing over 70% of the total, with 4,297koz. - Key platinum mines in South Africa include #Impala, #Marikana, and #Mogalakwena, collectively producing 1,590.2koz in 2023. - Operating challenges like #power shortages, rail constraints, and volatile prices are impacting South Africa's platinum industry, leading to restructuring and job cuts, as seen with Anglo American Platinum Group Metal's announcement affecting 3,700 jobs. - Resumption of operations at #Bokoni and the #Platreef project's commencement in Q3 2024 are expected to support platinum output in 2024. - Despite challenges, South Africa's platinum production is projected to remain flat, reaching 4.5moz by 2030, with new projects like #Garatau, #Waterberg, and #Platreef contributing, but closures like #Kroondal in 2027 will affect total production. #mines #mining #rawmaterials #decarbonisation #mineralexploration

We are excited to welcome Atlantic Carbon Group (ACG) to the Delta Dunia Group family. Delta Dunia Group has successfully completed the strategic acquisition of ACG through American Anthracite SPV I, LLC, a controlled entity under PT Bukit Makmur Internasional (BUMA International). This value-accretive acquisition, valued at USD 122.4 million, significantly enhances our geographic, financial, and commodity diversification. This deal marks a significant milestone for the Group, expanding our operations from a mining service provider to global mine ownership, perfectly aligning with our goal of embracing future-facing commodities and seizing key opportunities. The addition of ACG is projected to boost our revenue by USD 120-130 million annually from 2024 to 2028, increasing our non-thermal revenue share from 19% in FY2023 to 28% in FY2024. This acquisition enables ACG and PT Bukit Makmur Mandiri Utama’s operations in Indonesia and Australia (BUMA Australia), along with our adjacent businesses at PT Bukit Teknologi Digital and BIRU, to synergistically leverage their extensive experience, best practices, and innovative approaches in safety, mining operations, and management. See the full story here https://lnkd.in/gJRswduV #DOID #DeltaDuniaGroup #Anthracite #StrategicAcquisition #FutureFacingCommodities #Sustainability

Lifezone Metals (NYSE: LZM) is advancing its Kabanga nickel project in Tanzania, targeting the definitive feasibility stage later this year. The company, which went public last July through a merger, now focuses on pairing a significant nickel sulphide deposit with its Hydromet technology for cleaner metal production. Recently, a group led by Rick Rule participated in a $50 million debenture financing for Lifezone, offering funds at an annual interest rate of SOFR plus 4%, convertible into common shares. The project, supported by the Tanzanian government and BHP with a $100 million commitment, has made substantial progress, including a major mineral resource update and advancements in environmentally friendly refining technology. Want to Learn More? #TheNextBigRush