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Attracting finance for exploration and mining ventures is a critical part of the resource business environment today, and there are a number of finance options available, including accessing private equity.
With the increase in the number of non-listed (private) companies and individuals seeking to obtain financial assistance, it is important to appreciate that issues of public reporting are not confined to listed companies only.  Under all circumstances, if Exploration Results, Mineral Resources and/or Mineral Reserves are reported publically (as defined in the SAMREC Code of 2016), and if said report is claimed to have been compiled in accordance with any of the SAMREC, SAMVAL or SAMOG Codes, then the report and the author are subject to the minimum standards and requirements of the relevant Code as well as the complaints procedure of the SAMCODE Standards Committee (SSC). Please see http://www.samcode.co.za/

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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • BMW joins race to secure cobalt for EV batteries
    With one eye on accelerating demand for electric vehicles, BMW AG said it’s talking to suppliers of cobalt and other battery materials amid fears that stocks will run short and push already inflated prices higher. Sourcing of cobalt and other materials is “the most important” question BMW has to address before it decides whether to produce its own battery cells, board member Oliver Zipse said at a media briefing. Currently BMW assembles, but doesn’t produce its own battery cells.
  • Red Rock widens FY losses, but confident of stable financial position
    Despite having widened its losses for the year ended June 30, Aim-listed Red Rock Resources chairperson and CEO Andrew Bell on Friday assured shareholders that the company was in an improved financial position. Red Rock reported a post-tax loss of £1.1-million in 2017, increasing from the losses of £283 280 posted in 2016.
  • Nickel rally stalls, electric car boost some years away
    A recognition that electric vehicles (EVs) are unlikely to move the nickel demand dial for some years, slowing demand from China's stainless steel mills and rising supplies have halted a frenzied price rally and are likely to keep weighing on prices. Benchmark nickel on the London Metal Exchange soared by 50% from mid-June to a two-year peak of $13 030 a tonne on Nov. 1, based largely on expectations of strong demand to make the rechargeable batteries used to power EVs.