Modern Mining February 2024

LSE-listed Altona Rare Earths, a resource exploration and develop ment company focused on Rare Earths in Africa, recently received regulatory approval from the Minister of Mineral Resources and Energy regarding the increase of its holding in Monte Muambe Mining to 51%. The application follows the successful completion of Phase 2 of the Monte Muambe Rare Earths project. The requested duration of the Mining Licence is 25 years. Monte Muambe Mining is the Mozambican subsidiary holding the prospecting license encompassing the Monte Muambe Project. Cedric Simonet, CEO of Altona receives approval to increase Monte Muambe holding

Sibanye-Stillwater appoints a new Chief Sustainability Officer Diversified miner, Sibanye-Stillwater, has appointed Melanie Naidoo-Vermaak as Chief Sustainability Officer, effective 1 January 2024. Naidoo-Vermaak has over 20 years’ experience in sustainable development in both the private mining and public sectors in South Africa and globally. Naidoo-Vermaak holds a Bachelor of Sciences (BSc) (Hons), a Master of Sciences (MSc) in Sustainable development and a Master of Business Administration (MBA). Before joining Sibanye-Stillwater, she worked at various international mining companies, including Harmony Gold Mining Company, De Beers Consolidated Mines, BHP Billiton and Anglo American. Sibanye-Stillwater CEO, Neal Froneman, said: “As the Group has grown and evolved, we have continued to attract exceptional talent externally while retaining our top talent internally to ensure efficient delivery of our strategic priorities. Naidoo-Vermaak’s appointment will further diversify and strengthen our senior leadership team. Sustainability/ESG is a strategic imperative for the Group, and we look forward to Naidoo-Vermaak making a positive contribution in our journey to be a Force for good.” 

Altona, commented: “We are very pleased with this promising prog ress. The speed with which approval was granted by the Ministry shows the level of support our Monte Muambe project has.” 

An aerial view of the Monte Muambe project.

February 2024  MODERN MINING  5