Vital to use placement funds for construction, mining and operations for production at Nechalacho project.

The Toronto-listed firm's deal for rival gold miner Semafo helped the company increase production by 40% from 2019's levels to a record 908,000 ounces last year.

The miner’s free cash flow increased from $38m in 2019 to $476m across last year, with the fourth quarter alone delivering $261m.

The project development work commenced in June 2020 pursuant to the 10-year coal supply offtake award by Eskom in July 2019.

The Company currently employs 178 full time personnel under the contract, with a further increase of around 60 full time personnel.

Glencore is evaluating the feasibility of developing the mine that is located in Queensland.

A reliance on imports for critical minerals like lithium, platinum and cobalt pose risks to the US clean energy agenda.

Private investment and management company Menar is prioritising an iron-ore acquisition as well as a second sizeable manganese deal this year, while implementing a R7-billion thermal coal and anthracite expansion, in addition to developing its first manganese ...