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Mining

On lithium’s frontier, miners are betting on a greener second act
On lithium’s frontier, miners are betting on a greener second act
Updated 1 hour 9 minutes ago By: Bloomberg

Against the arid, red dirt of the Australian Outback, the Mount Holland lithium mine emerges to approaching visitors as a colossal grey-tinged crater, with trucks the size of houses edging along... 


Bannerman eyes expansion options for Namibia uranium project
Bannerman eyes expansion options for Namibia uranium project
Updated 1 hour 42 minutes ago By: Mariaan Webb

As uranium developer Bannerman Resources progresses with its plans for an initial eight-million-tonne-a-year Etango project, in Namibia, it is casting its gaze towards a broader horizon. The... 


The newly-built crushed ore dome will fortify NAL's operational reliability during winter months.
Sayona bolsters leadership team as search for CEO and chair continues
Updated 2 hours 15 minutes ago By: Mariaan Webb

ASX-listed lithium miner Sayona Mining has taken a forward in its leadership restructuring by announcing the appointment of Dougal Elder as CFO on Friday. Elder, who initially joined Sayona as... 


SQM partner Tianqi Lithium requests shareholders vote on Codelco tie-up
Updated 2 hours 41 minutes ago By: Reuters

China's Tianqi Lithium said on Thursday it has formally requested that a proposed joint venture between lithium company SQM, in which it is a major shareholder, and state-run copper miner Codelco... 


BHP CEO Mike Henry will reportedly brief investors next week.
BHP shares drop on value concerns after $39bn bid for Anglo American
Updated 2 hours 48 minutes ago By: Reuters

BHP Group shares fell 4% on Friday a day after revealing a $38.8-billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its... 


Anglo American does not find BHP $39bn offer attractive
Updated 2 hours 51 minutes ago By: Reuters

Anglo American's management does not consider a proposed $39-billion takeover offer from BHP Group as attractive, two sources told Reuters, as some investors and analysts dismissed it as... 


Miner owned by South America’s richest family mulls bond sale
Updated 2 hours 53 minutes ago By: Bloomberg

Copper miner Antofagasta is holding meetings with investors this week for its first dollar bond offering in nearly two years, people familiar with the matter said. CFO Mauricio Ortiz and other... 


Former Anglo American CEO Mark Cutifani
Anglo’s stumbles have made it prey for mining’s biggest predator
Updated 3 hours ago By: Bloomberg

When former boss Mark Cutifani left Anglo American in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the... 


The Abujar mine
Zhaojin Mining ups stake in takeover target Tietto Minerals
Updated 3 hours ago By: Reuters

China's Zhaojin Mining Industry has increased its voting power in Tietto Minerals, an exchange filing from the Australian gold miner showed on Friday. Zhaojin Capital, a unit of Zhaojin Mining,... 


Magazine cover image
Magazine round up | 26 April 2024
Updated 4 hours ago

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 


Magazine cover image
Can South Africa turn around 30 years of real economy underperformance?
Updated 7 hours ago By: Terence Creamer

In this essay, Terence Creamer reflects on the factors that have shaped South Africa’s real-economy sectors of manufacturing, mining and agriculture over the past 30 years and considers ways to end... 


BHP has spent the last ten years simplifying their asset base only to buy one of the most complex portfolios in the industry.
BHP’s mega bid for Anglo sets stage for industry shakeup
25th April 2024 By: Mariaan Webb

Australia-headquartered BHP has made a bold move with its bid to acquire rival Anglo American in an all-share deal valued at $38.8-billion. With this manoeuvre, BHP aims to create the largest... 


Anglo American share price shows traders want a sweeter bid
Anglo American share price shows traders want a sweeter bid
25th April 2024 By: Bloomberg

Traders are pushing Anglo American Plc shares above the value of BHP Group’s takeover proposal, a sign they expect a higher bid from the suitor or an interloper. BHP’s proposal, which values the... 


Vale sees no impact from BHP-Anglo American deal on Minas-Rio project
25th April 2024 By: Reuters

Brazilian miner Vale sees no impact from BHP Group's bid for Anglo American on the latter's Minas-Rio project, its CEO, Eduardo Bartolomeu, said on Thursday. "We don't see any impact on the... 


Mineral Resources and Energy Minister Gwede Mantashe
Mantashe signals opposition to BHP-Anglo deal
25th April 2024 By: Bloomberg

South African Mines Minister Gwede Mantashe signaled his opposition to BHP Group Ltd.’s proposed takeover of Anglo American. The offer by the world’s largest miner envisages an all-share deal in... 


Hummingbird’s first-quarter performance impacted by contractual dispute at Kouroussa
25th April 2024 By: Marleny Arnoldi

Despite what its CEO Dan Betts deemed a challenging quarter, Aim-listed Hummingbird Resources delivered an 18% quarter-on-quarter increase in gold production at just under 17 000 oz from the... 


The Letšeng mine
Gem to report 15% q/q rise in carat sales for the first quarter
25th April 2024 By: Creamer Media Reporter

London-listed Gem Diamonds notes in a trading update for the first quarter of this year that it sold 32 571 ct of diamonds recovered from its 70%-owned Letšeng mine, in Lesotho. This represents a... 


Vedanta misses Q4 profit estimates on lower prices
25th April 2024 By: Reuters

ndian mining group Vedanta reported a 27% drop in fourth-quarter profit on Thursday, reflecting weaker prices of major metals like aluminium and zinc amid ballooning finance costs. The... 


Jonsson L 550 large mobile cone crusher
Pilot Crushtec introduces Swedish brand of large-scale crushers to the Southern African market
25th April 2024 By: Marleny Arnoldi

Local mobile and semi-mobile crushing and screening equipment provider Pilot Crushtec has expanded its product lineup to the Southern African mining market with the addition of Swedish brand... 


Anglo American's corporate head office in South Africa
Anglo shareholder LGIM says BHP approach 'unattractive'
25th April 2024 By: Reuters

Legal & General Investment Management, one of the 20 largest shareholders in Anglo American said an approach by BHP Group is "highly opportunistic" and "unattractive". "As with many other... 


Newmont CEO Tom Palmer
Newmont beats quarterly profit estimates on higher production
25th April 2024 By: Reuters

Newmont beat Wall Street estimates for first-quarter profit on Thursday, as the world's largest gold miner benefited from strong production. On an adjusted basis, the company posted a net income... 


The Fruta del Norte mine, in Ecuador
Newmont sells gold stream to Lundin for $330m
25th April 2024 By: Mariaan Webb

Leading gold miner Newmont has finalised the sale of a stream credit facility and offtake agreement for the Fruta del Norte gold mine, in Ecuador, to Lundin Gold for $330-million. The agreement,... 


Biden administration aims to clean up power sector with revamped rules
Biden administration aims to clean up power sector with revamped rules
25th April 2024 By: Reuters

The Biden administration on Thursday announced it has finalised rules targeting carbon, air and water pollution from power plants that it says could cut over one-billion metric tons from carbon... 


Blackwater on track for first gold pour in H2 – Artemis
Blackwater on track for first gold pour in H2 – Artemis
25th April 2024 By: Creamer Media Reporter

Construction of the Blackwater mine, in central British Columbia, is continuing to progress on schedule, keeping the mine on track for its first gold pour in the second half of the year. At March... 


Minerals Council South Africa CEO Mzila Mthenjane.
How 30 years of democracy has transformed South Africa's mining industry
25th April 2024 By: Martin Creamer

South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s... 


Vale expects to reach final agreement for Mariana dam reparations in first half of year
25th April 2024 By: Reuters

Mining company Vale expects to reach a final agreement with authorities for reparations for the collapse of the Samarco tailings dam by the end of the first half of this year, the company told... 


An Apple computer
Congo questions Apple on concerns about use of conflict minerals
25th April 2024 By: Bloomberg

The Democratic Republic of Congo’s government notified Apple of concerns that the company’s supply chain may be tainted by conflict minerals sourced from the central African nation. A group of... 


The QB mine in Chile is ramping up.
Teck increases copper production with QB ramp-up
25th April 2024 By: Mariaan Webb

Canadian mining group Teck Resources has increased its copper production by 74% to 99 000 t in the first quarter, as output increased at the newly-built QB mine, in Chile. The Antamina mine, in... 


Panellists who participated in the webinar are (from left) Mining Equipment Manufacturers of South Africa CEO Lehlohonolo Molloyi, Multotec CEO Thomas Holtz, Simera Trace technical director Kevin O'Neill, Epiroc digital solutions buisness line manager Vikesh Chiba and South African Capital Equipment Export Council CEO Eric Bruggeman.
Creativity, innovation keep South Africa’s mining tech manufacturing industry competitive
25th April 2024 By: Darren Parker

An admirable degree of creativity exists within the South African mining technology and equipment manufacturing sector, giving manufacturers the necessary flexibility to weather the significant... 


Zimbabwe Mines Minister Winston Chitando
Zimbabwe’s Mnangagwa names new Mines Minister in mini-reshuffle
25th April 2024 By: Bloomberg

Zimbabwe’s President Emmerson Mnangagwa has reappointed Winston Chitando as the Southern African nation’s Mines Minister, a post he held before last year’s elections. Prior to his reappointment,... 


ERG's Metalkol mine in the DRC
Kazakh miner ERG denies circumventing Congo subcontracting laws
25th April 2024 By: Reuters

Kazakh miner Eurasian Resources Group (ERG) has denied accusations it tried to bypass Democratic Republic of Congo's subcontracting laws designed to boost local ownership in the mining sector, job... 


The combined entity will have a leading portfolio of tier-one assets, focused on iron-ore, metallurgical coal and future facing commodities, including potash and copper.
BHP makes £31bn offer for Anglo American
25th April 2024 By: Mariaan Webb

Diversified mining major BHP on Thursday announced a proposed all-share offer that values Anglo American at £31.1-billion. The deal has the potential to transform the mining industry landscape.... 


Prices are well below the levels needed to incentivise new greenfield production
BlackRock says $12 000/t copper is needed to incentivise new mines
25th April 2024 By: Bloomberg

Copper needs to reach $12 000/t — a 20% jump from this week’s high — to incentivize large-scale investments in new mines, said Olivia Markham, who co-manages the BlackRock World Mining Fund. The... 


Lower iron, nickel and copper prices weigh on Vale's quarterly earnings
Lower iron, nickel and copper prices weigh on Vale's quarterly earnings
25th April 2024 By: Reuters

Brazilian miner Vale on Wednesday said lower prices for iron-ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below... 


A Zimbabwe flag
Changing business opportunities, challenges in Zimbabwe highlighted
24th April 2024 By: Schalk Burger

Zimbabwe is undergoing change and aims to attract more companies to do business in the country, but risks and challenges remain for businesses aiming to capitalise on the opportunities in the... 


First Quantum says probability of taking out copper from Panama mine only after election
First Quantum says probability of taking out copper from Panama mine only after election
24th April 2024 By: Reuters

Canadian miner First Quantum Minerals said on Wednesday the likelihood of taking out the 121 000 t of copper from its disputed Cobre Panama mine can only happen after the Panama national election.... 


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pqt: 0.041s - ct: 0.14s - 122pq - 2rq
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