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Kazera trades up as mineral sands mining objection withdrawn

ALN

Kazera Global PLC on Monday noted the withdrawal of an objection to mining rights for its subsidiary, Whale Head Minerals.

The objection concerned the 2A area in South Africa’s Northern Cape province. It covers around 3,095 hectares, of which Kazera estimated 170 hectares contain heavy mineral sand deposits.

Once a plant has been constructed, it sees the the zone as ‘suitable for immediate mining’ with deposits at least as rich as those found at the company’s nearby Walviskop operation.

In December 2024, local organisation Protect the West Coast issued a notice urging the public to appeal environmental authorisation granted to Whale Head by the South African government. The organisation flagged the sea floor dredging method used at HMS deposits as ‘a destructive form of mining with a known record of damaging benthic ecosystems.’

Kazera said the objection was withdrawn after ‘discussions surrounding environmental and community matters’ which saw Whale Head promise ‘to update its rehabilitation planning, scientific monitoring and reporting measures.’

Kazera shares rose 6.9% to 1.42 pence on Monday morning in London.

Chief Executive Dennis Edmonds said the withdrawal ‘clears the way for the mining right to be granted soon.’

‘2A is a highly prospective HMS area, and its development will materially expand Whale Head’s operational footprint, creating the opportunity to dramatically scale HMS production. We will, naturally, update shareholders as soon as we have more news.’

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