MINING NEWS
Southern Palladium secures A$20 m placement to accelerate DFS ASX-listed Southern Palladium has secured firm commitments to raise A$20 million through a two-tranche placement, supported by three new global institutional investors alongside the company’s largest shareholder, as well as strong participation from existing institutional and high-net- worth investors. The capital raise positions the company to accelerate the Definitive Feasibility Study (DFS) and progress towards the Final Investment Decision to advance near-term mine development at its Bengwenyama Platinum Group Metals (PGM) project in South Africa. Funds raised will support completion of the DFS and near-term mine development activities - including construction of the box cut and development of a decline to the orebody while advancing the company towards Completion of CEO transition at Sibanye- Stillwater JSE-listed Sibanye-Stillwater recently appointed Richard Stewart as the new Chief Executive Officer (CEO) of the Group, effective 1 October 2025. Stewart succeeded Neal Froneman, who retired as CEO and executive director on 30 September 2025, following a distinguished 12-year tenure that transformed the Group into a leading multinational mining and metals processing company. The Group also announced the appointment of Mduduzi Bhulose
Rosond appoints Dr. Adwoa Boaduo as Head of Safety
Southern Palladium’s Executive Chairman Roger Baxter.
its FID. The capital raise will significantly strengthen Southern Palladium’s balance sheet ahead of key near-term milestones, including the expected award of the Mining Right and updates on the DFS work programme. “This strategic capital raise provides Southern Palladium with a strong cash runway to accelerate our DFS works programme as we advance towards mine development at the Bengwenyama PGM project,” said Executive Chairman Roger Baxter. n
Dr. Adwoa Boaduo is Group Head of Safety at Rosond.
Leading drilling and exploration specialist, Rosond, has appointed Dr. Adwoa Boaduo as Group Head of Safety, effective November 2025. A seasoned professional engineer with over 14 years’ experience in mining, safety, and geotechnical engineering, Dr. Boaduo brings a wealth of strategic leadership and technical expertise to the Rosond team. She joins Rosond from Gold Fields’ South Deep Mine, where she served as Unit Manager: Safety, contributing towards the digital transformation of safety systems and the integration of smart safety and risk management tools across one of the world’s largest and deepest underground mechanised mines. Her career includes key roles at Petra Diamonds, SRK Consulting, and Anglo American Platinum, as well as industry- wide leadership through the Minerals Council South Africa’s MOSH Learning Hub, where she contributed to a national 88% reduction in Fall of Ground fatalities in 2022. n
Richard Stewart is the new CEO of Sibanye-Stillwater.
as Executive Vice President: Business Development. Bhulose joined the Group from the Public Investment Corporation (PIC), where he most recently served as the Head of Listed Equities. n
Blue Gold secures $140m to restart Bogoso & Prestea Gold mine
the Bogoso and Prestea mine ties in with the company’s strategy to tokenise its gold production to create the world’s first global, gold-backed currency, which it is preparing to launch through its recently launched Digital Division. n
committed capital to $140 m. The funding, which comes from a new institutional investor, is structured as a secured loan for the exclusive purpose of financing the restart of the 5.1m oz Bogoso and Prestea gold mine in Ghana. Operating
Blue Gold, a next-generation gold development and technology company, has announced a further $65 m of committed funding available to finance the restart of the Bogoso and Prestea gold mine in Ghana, bringing the total
4 MODERN MINING www.modernminingmagazine.co.za | DECEMBER 2025 - JANUARY 2026
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