Latest news with #mineralresources
The Herald
3 days ago
- Business
- The Herald
Petrol and diesel prices to drop at midnight
At midnight motorists will be greeted by the fourth consecutive month of fuel price decreases. The minister of mineral and petroleum resources said the lower prices are due to an improvement in the rand/US dollar exchange rate and the decrease in the international oil price. The retail prices of both grades of petrol decrease by 5c/ l on Wednesday, while the wholesale price of diesel reduces 37c/ l . Illuminating paraffin sees a 56c/ l reduction. The decreases would have been even more had it not been for the 16c increase for petrol and 15c increase for diesel in the general fuel levy (GFL) announced by finance minister Enoch Godongwana in the latest iteration of his 2025 budget speech earlier in May. Godongwana said the adjustment — the first in three years — would help fill the gap from his rejected VAT hike proposal and ease the main budget deficit. Fuel price decreases from Wednesday Inland: Petrol 95 unleaded: R21.40/ l — R21.35/ l — R21.35/ Petrol 93 unleaded: R21.29/ l — R21.24/ l — R21.24/ Diesel 0.05%: R18.90/ l — R18.53 /l — R18.53 Diesel 0.005%: R18.94/ l — R18.53/l Coast: Petrol 95 unleaded: R20.61/ l — R20.56 /l — R20.56 Petrol 93 unleaded: R20.50/ l — R20.45 /l — R20.45 Diesel 0.05%: R18.11/ l — R17.74 /l — R17.74 Diesel 0.005%: R18.18/ l — R17.81/l
Zawya
3 days ago
- Business
- Zawya
Goldbod Rakes in $1.17 Billion After First Full Month—Finance Minister
Finance Minister Dr. Cassiel Ato Forson has disclosed that Ghana earned over $1.1 billion in foreign exchange during the first full month of operations under the Goldbod gold purchase programme. The inflow, generated from the purchase and export of more than 11 tonnes of gold, marks a major milestone in the country's efforts to stabilise the cedi and enhance local participation in the gold trade. Dr. Forson made the announcement during the inauguration of the new Board of Directors of the Minerals Income Investment Fund (MIIF) in Accra. He urged the new board to build on the gains made through Goldbod and help deliver long-term value from Ghana's mineral resources. 'This is a clear demonstration of the value that can be realised when our mineral wealth is properly structured and managed. MIIF must align with this new vision,' the Minister said. He challenged the new board to return the Fund to its core mandate of responsible and transparent mineral investment. Between 2019 and 2024, he noted, MIIF suffered from severe mismanagement, prompting the government to withdraw financial support. 'We saw significant abuse of public resources. That era must not be repeated. If the board restores discipline and puts resources to proper use, government will reconsider its stance,' Dr. Forson stated. He emphasised MIIF's role in increasing Ghana's equity in mining operations and promoting local content across the value chain. He also revealed plans to collaborate with MIIF and Goldbod to further expand the gold purchase initiative and bolster Ghana's gold reserves. As part of broader sector reforms, Dr. Forson announced a renewed crackdown on mineral smuggling, pledging intensified oversight to ensure that no precious mineral leaves the country without due process and benefit to the state. The newly inaugurated MIIF board is chaired by Mr. Richard Kwame Asante. Other members include Ms. Justina Amiorkor Nelson, Ms. Berl Yaa Asantewaa Asante, Ms. Mawusi Ama Mawuenyefia, Hon. Yakubu Mohammed, Hon. Alfred Okoe Vanderpuije, Mr. Robert Wisdom Cudjoe, Mr. Edward Appenteng Gyamerah, and Dr. Zakaria Mumuni. Mr. Asante, speaking on behalf of the board, pledged their commitment to rebuilding public confidence in MIIF and ensuring that its operations align with Ghana's national development priorities. Distributed by APO Group on behalf of Ministry of Finance - Republic of Ghana.
BBC News
28-05-2025
- Business
- BBC News
Business Daily Can Europe build a mineral supply chain?
China's headstart in market dominance is significant, and its grip on critical mineral supply chains remains tight. The question now is whether other governments can move fast enough — and smart enough — to build something more secure, more sustainable, and less dependent. We head to La Rochelle in western France for a rare look inside one of the world's biggest rare earth processing plants, and find out what it reveals about Europe's efforts to build a supply chain of its own. Presenter: Jonathan Josephs Producer: Matt Lines (Image: A rare earth processing plant in La Rochelle, France, owned by chemicals giant Solvay)
Globe and Mail
14-05-2025
- Business
- Globe and Mail
Gold Digger Resources Inc. Announces Name Change to Nuclear Vision Limited
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) - Gold Digger Resources Inc. (CSE: GDIG) (the " Company") is pleased to announce that the Company has changed its name from "Gold Digger Resources Inc." to "Nuclear Vision Limited" under the new trading symbol "NUKV" on the Canadian Securities Exchange. The new CUSIP for the Company's common shares will be 670323104 and the new ISIN number will be CA6703231044. The Company's common shares are expected to begin trading under the Company's new name and ticker symbol at the opening of trading on May 16, 2025. Allan Bezanson, CEO commented, "we changed the name to better reflect our business and the sector we operate within. We believe our land position and ability to develop a commercial uranium asset is timely as we move towards a greener, more efficient energy transition." On Behalf of the Board of Directors Allan Bezanson President, CEO and Director About Nuclear Vision Limited Nuclear Vision Limited is an early-stage mineral resource exploration company. The Company's material property is the Regnault Project, consisting of 71 contiguous mineral claims covering an area of approximately 3,678 Ha located north-northeast of Chibougamau in the Province of Québec. The Company also holds the UA92 uranium project, consisting of 7 prospecting licenses totaling approximately 4,828km 2 located in central Botswana. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Zawya
12-05-2025
- Business
- Zawya
Tejarah Talks session to delve into Oman's mining sector
Industry experts will gather at the Civil Aviation Authority Training Centre on Tuesday, May 27, at 11am, to explore innovation and sustainability in the mining sector. The session will examine strategies for positioning Oman as a regional centre for mineral production. The 70-minute forum, Digging into the Future: Innovation & Sustainability in Mining, will unite specialists to review Oman's geological resources and emerging industry trends as development continues in alignment with Vision 2040 objectives. The event will showcase Oman's rich mineral heritage – known in ancient times as Majan for its copper smelting – and how these resources are being utilized today. Substantial deposits of dolomite, limestone, gypsum, gabbro, copper and gold remain partially untapped, offering significant commercial potential. 'Most people don't realize that minerals extracted in Oman are in their smartphones, cars, homes and even the food they eat,' said Badriya al Amri, Oman Business Forum Office, Ministry of Commerce, Industry and Investment Promotion and Tejarah Talks Administrator. 'This month's session will reveal how mining touches nearly every aspect of our daily lives while showcasing how innovative approaches are making the industry more sustainable.' Topics will include renewable energy adoption, efficiency improvements and low-carbon technology integration in extraction operations. Speakers will address ESG integration, digital transformation and technological advancements including drone usage and IoT applications for the sector. The discussion will emphasize the practical importance of locally-sourced minerals in everyday life. Gypsum, which reached export volumes of 12 million tonnes in 2024 - up 7.1 per cent from 2023 - is essential for manufacturing drywall, conditioning soil in agriculture and producing cement. Without it global construction would grind to a halt. Limestone is vital for cement manufacturing, glass production and as a purifier in power station emissions systems while also serving as a calcium supplement in food and medicines. Dolomite is used in manufacturing glass bottles, ceramics and as a soil enhancer for agricultural production. The event will also cover mining's role in the global green energy transition. The worldwide push toward electrification has created unprecedented demand for copper with its exceptional conductivity properties making it essential for renewable energy systems and electric vehicles (EV). It is estimated the average EV contains approximately 83kg of copper - nearly four times the 23kg found in conventional cars - primarily in batteries, motors and charging infrastructure. Similarly, renewable energy installations are copper-intensive with a single wind turbine containing up to 4 tonnes of copper in its generators, transformers and cabling systems. With sizeable copper reserves, Oman is well-positioned to benefit as countries worldwide commit to carbon reduction targets. Projects across Oman are adding value to raw minerals through processing facilities, including titanium dioxide production and aluminum manufacturing. Panelists will discuss how these capabilities contribute to economic diversification while creating high-skilled jobs in fields ranging from environmental science to robotics and data analytics. Organized by Oman Business Forum in association with the Ministry of Commerce, Industry and& Investment Promotion and supported by Nortal, MHD, Invest Oman and Oman FM, May's Tejarah Talks will provide practical insights for investors, policymakers, industry stakeholders and anyone interested in understanding how mining shapes our modern world. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
