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Mining

Anglo's unusual mix of niche commodities — it’s the only large miner with big diamonds and platinum operations, for example — is seen as one of the reasons that the company hasn’t been successfully targeted in the past.
What’s Anglo worth? For now it’s less than the sum of its parts
3rd May 2024 By: Bloomberg

As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and executives at rival producers: What’s Anglo American actually worth? Anglo’s shares... 


West Wits to raise A$1.4m
3rd May 2024 By: Sabrina Jardim

To strengthen its balance sheet and fund its ongoing operations, ASX-listed West Wits Mining has secured firm commitments from unrelated existing and new sophisticated and professional investors to... 


Tirupati offers to meet with shareholders who sought the removal of three directors
3rd May 2024 By: Creamer Media Reporter

Specialist graphite producer Tirupati Graphite says its directors have offered to meet with shareholders who have requested a general meeting be held to allow shareholders to vote on the removal of... 


Weco's factory in Krugersdorp
Epiroc acquires South African rock drilling parts maker Weco
3rd May 2024 By: Marleny Arnoldi

Swedish equipment manufacturer Epiroc has successfully acquired Weco, a South African manufacturer of precision-engineered rock drilling parts. Weco has been operating in Krugersdorp, Gauteng,... 


Coal train
TFR ramps up coal trains to 28 a week
3rd May 2024 By: Darren Parker

State-owned Transnet Freight Rail (TFR) has embarked on a ramp up of GF-class coal trains from 21 a week to 28 a week, supported by an injection of locomotives. This is part of Transnet’s recovery... 


O3 terminates option to acquire Aurbel mill
3rd May 2024 By: Creamer Media Reporter

Exploration and development company O3 Mining has terminated its option with Eldorado Gold to acquire the Aurbel mill, which is located about 10 km from its Alpha property in Quebec. In 2022, O3... 


Anglo American boosts London's FTSE 100 to near record high
3rd May 2024 By: Reuters

Britain's FTSE 100 opened near record highs on Friday, boosted by Anglo American after Reuters reported Glencore is exploring an approach for the miner, while Diageo advanced after naming a new... 


Zimbabwe's sole nickel mine placed under administration
3rd May 2024 By: Reuters

Zimbabwe's only operating nickel mine was on Thursday placed under administration, according to a government notice, seven months after halting production due to equipment failure and low prices.... 


Photo of Martin Creamer
Value creation, exploration, Harmony Gold projects make headlines
3rd May 2024

Mining Weekly Editor Martin Creamer discusses Barrick's recently revealed first quarter results where discovery and development were punted as the true drivers of value creation in mining; South... 


Treasury Metals combines with Blackwolf
Treasury Metals combines with Blackwolf
3rd May 2024 By: Mariaan Webb

Canadian companies Treasury Metals and Blackwolf Copper and Gold have announced a merger to advance the Goliath Gold Complex (GGC) project in Ontario towards production with a strengthened... 


Canadian junior kicks off exploration programme in Bougainville
3rd May 2024 By: Creamer Media Reporter

Island Passage Development Canada Limited (IPDC) has announced the initiation of a large-scale mineral exploration programme on Bougainville island, marking the first major exploration effort since... 


New Talisman pursues fast track approval for NZ mine
3rd May 2024 By: Mariaan Webb

New Talisman Gold Mines has formally applied for the inclusion of the Talisman mine project in New Zealand’s Fast Track Approvals Bill, which is currently under review by Parliament. The Bill, an... 


Greatland eyes full ownership of Havieron amid Newmont's potential divestment
Greatland eyes full ownership of Havieron amid Newmont's potential divestment
3rd May 2024 By: Mariaan Webb

London-listed Greatland Gold is contemplating reclaiming full ownership of the Havieron gold/copper project in Western Australia, should Newmont divest of its 70% stake, says MD Shaun Day. The... 


Kathleen Valley nearing first production
Kathleen Valley nearing first production
3rd May 2024 By: Creamer Media Reporter

Lithium developer Liontown is getting closer to first production – scheduled for mid-year – with the miner this week reaching the key milestone of crushing first ore at its flagship Kathleen Valley... 


Copper cathode waiting for dispatch
Copper miner Austral placed in receivership
3rd May 2024 By: Creamer Media Reporter

Copper miner Austral Resources has been placed in receivership. Creditor Wingate has appointed Jason Tracy, Grant Sparks and Sean Holmes as joint and several receivers and managers. “The business... 


Peabody CEO Jim Grech
US power-plant rules threaten grid reliability, Peabody CEO says
3rd May 2024 By: Bloomberg

Peabody Energy, the biggest US coal producer, is warning that federal regulations to curb emissions from power plants pose a threat to the grid at a time when electricity demand is poised to... 


Albemarle may lower capex if lithium prices stay low
Albemarle may lower capex if lithium prices stay low
3rd May 2024 By: Reuters

Albemarle, the world's largest producer of lithium for electric vehicle batteries, could look at reducing capital expenditure in the coming years if lithium prices remain flat, the company said on... 


Canadian Natural Resources considering major expansion of Horizon oil sands mine
3rd May 2024 By: Reuters

Canada's largest oil and gas producer Canadian Natural Resources is looking at opportunities to significantly increase bitumen output at its main oil sands mine, the company said on Thursday.... 


Hudbay is building Copper World, where it expects about 92 000 metric tons of average copper production over the first ten years.
Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets
3rd May 2024 By: Reuters

he CEO of Canadian miner Hudbay Minerals said BHP Group's $39-billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a... 


Glencore studying an approach for Anglo American, sources say
Glencore studying an approach for Anglo American, sources say
3rd May 2024 By: Reuters

Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company. Glencore has not yet... 


Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024

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


Underground construction employee dies at Harmony's Mponeng mine
2nd May 2024 By: Creamer Media Reporter

Gold miner Harmony Gold Mining Company reports that an underground construction employee, working on planned rail maintenance, died at its Mponeng mine near Carletonville, in Gauteng, on May 1. The... 


Diamcor announces C$1.5m private placement
2nd May 2024 By: Sabrina Jardim

Diamond mining company Diamcor Mining plans to complete a non-brokered private placement financing of up to C$1.5-million, and anticipates that an aggregate of up to C$1.25-million of the financing... 


Akobo says production start-up date in Ethiopia uncertain
2nd May 2024 By: Tasneem Bulbulia

Scandinavian gold exploration and mining company Akobo Minerals has informed shareholders of the progress it is making in solving recent challenges with nationwide fuel supply disruptions and new... 


Kazera nuclear permit delayed over additional requirements
2nd May 2024 By: Marleny Arnoldi

Aim-listed Kazera Global has completed all the mechanical commissioning work required for the Whale Head Minerals heavy mineral sands project in Alexander Bay, South Africa, to proceed with final... 


Thero Setiloane.
Thungela announces passing of Thero Setiloane
2nd May 2024 By: Martin Creamer

Johannesburg Stock Exchange-listed coal mining company Thungela Resources has announced the passing of Thero Setiloane, who served as an independent nonexecutive director of the company. “His... 


Phosphate
Galileo receives second payment from Afrimat for Glenover business, last payment expected soon
2nd May 2024 By: Marleny Arnoldi

London-listed Galileo Resources has confirmed receipt of a second payment totalling R48-million, or £2.1-million, from JSE-listed diversified miner Afrimat in its option to buy shares in Glenover... 


Walkabout achieves first concentrated ore at Lindi Jumbo, ramp-up efforts continue
2nd May 2024 By: Marleny Arnoldi

ASX-listed Walkabout Resources has started concentrating ore at its Lindi Jumbo graphite mine, in Tanzania, with commissioning activities continuing to ramp up. The mine is poised to become one... 


An image showing the Sabodala-Massawa expansion project
Endeavour progresses strategic objectives in first quarter
2nd May 2024 By: Tasneem Bulbulia

Multinational miner Endeavour Mining, which owns and operates gold mines in Côte d’Ivoire, Burkina Faso and Senegal, continued to make progress against its strategic objectives in the first quarter... 


Meteoric inks rare earths offtake MoU with Neo Performance
2nd May 2024 By: Mariaan Webb

Exploration company Meteoric Resources said on Thursday it had entered into a nonbinding memorandum (MoU) to supply Neo Performance Materials’ Estonia magnet manufacturing with rare earths from its... 


Anglo bidder BHP intends maintaining long-standing JSE listing
2nd May 2024 By: Martin Creamer

Diversified mining major BHP, which has made a rejected proposal to combine with Anglo American by way of a scheme of arrangement, confirmed on Thursday that it intended maintaining its... 


Chinese miners see opportunities as BHP’s mega bid unfolds
Chinese miners see opportunities as BHP’s mega bid unfolds
2nd May 2024 By: Bloomberg

China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39-billion approach for rival Anglo American, potentially... 


Tshipi mine
Lower prices impact on Tshipi mine’s profitability in Q3, but operational performance intact
2nd May 2024 By: Marleny Arnoldi

Despite a 25% quarter-on-quarter and 11% year-on-year decrease in production in the quarter ended March 31, ASX-listed Jupiter Mines’ 49.9%-owned Tshipi é Ntle Manganese Mining subsidiary remains... 


SA mines get first look at private 5G in action
2nd May 2024 By: Natasha Odendaal

Fixed-wireless access provider Comsol has showcased the capabilities of private fifth-generation (5G) infrastructure to South African mining companies at its Midrand premises to demonstrate... 


Alrosa says output stable amid Western sanctions
Alrosa says output stable amid Western sanctions
2nd May 2024 By: Reuters

Russian diamond miner Alrosa has no plans to reduce production amid tougher Western sanctions, its CEO Pavel Marinychev said on Thursday. The Russian finance ministry said last month that Russia... 


Pan American to sell La Arena stake to Zijin
Pan American to sell La Arena stake to Zijin
2nd May 2024 By: Creamer Media Reporter

NYSE- and TSX-listed Pan American Silver on Wednesday announced the sale of its interest in LA Arena in Peru to a subsidiary of Zijin Mining for up to $295-million. “With the sale of La Arena, we... 


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