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Mining

Artist impression of planned Ewoyaa project
Atlantic appoints versed Ghanaian lawyer, corporate banker to its board
15th May 2024 By: Marleny Arnoldi

Aim-, ASX- and Ghana Stock Exchange-listed Atlantic Lithium has appointed Edward Koranteng as nonexecutive director to the board effective immediately. As a lawyer and experienced corporate... 


The 2015 dam collapse aftermath
Brazil states ask court to double what Vale, BHP should pay for dam burst
15th May 2024 By: Reuters

Two Brazilian states have asked a court to more than double the amount that miners Vale and BHP, plus a jointly owned tie-up, must pay in damages for a 2015 deadly tailings dam failure, according... 


The modified site layout of the Oropesa tin project in Spain
Elementos restarts Spanish tin DFS with modified layout
15th May 2024 By: Mariaan Webb

The definitive feasibility study (DFS) and licensing activities for the Oropesa tin project will resume, following an agreement between Elementos and the Andalusian government on project layout... 


The Mothae mine is situated in the Maluti mountains of Lesotho
Lucapa puts Lesotho diamond mine up for sale
15th May 2024 By: Mariaan Webb

Australia-listed Lucapa Diamonds on Wednesday announced the planned divestment of its 70% interest in the Mothae mine, in Lesotho. This follows a review of the asset portfolio by the company’s... 


Proposed site layout of the Aurora uranium project
Aurora charts development pathway for US uranium project
15th May 2024 By: Mariaan Webb

ASX-listed Aurora Energy Metals has delivered a scoping study that demonstrates a viable pathway to developing its namesake uranium project in the US state of Oregon. Using a spot price base case... 


Anglo moved into De Beers’ London offices when the lease on its own site expired.
De Beers IPO considered amid break-up plans, sources say
15th May 2024 By: Reuters

Anglo American is exploring an initial public offering of its diamond business De Beers, two people familiar with the matter told Reuters on Tuesday, with one flagging London as the preferred... 


Teck Resources CEO Jonathan Price
Teck Resources sees $3bn/y Ebtida if copper stays around current levels
15th May 2024 By: Reuters

Teck Resources expects to generate annual earnings before interest, depreciation, tax and amortisation (Ebtida) of $3 billion if copper prices hit $5/lb, CEO Jonathan Price said on Tuesday. For... 


US President Joe Biden
US tariffs on minerals leave out markets that China dominates
15th May 2024 By: Bloomberg

President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the... 


Anglo ditching De Beers is hard blow for troubled diamond market
Anglo ditching De Beers is hard blow for troubled diamond market
15th May 2024 By: Bloomberg

The diamond industry has already been feeling the heat. Prices have slumped, Russian sanctions are threatening trade and the emergence of lab-grown gems is eating into some key traditional... 


BHP’s top Australian investor eyes restraint in battle for Anglo
BHP’s top Australian investor eyes restraint in battle for Anglo
15th May 2024 By: Bloomberg

Pension giant AustralianSuper, BHP Group’s largest Australian shareholder, said capital discipline was of “utmost importance” for the mining industry as investors weigh the heavyweight’s... 


Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.
Anglo-BHP battle is between two CEOs fighting over same vision
15th May 2024 By: Bloomberg

As Anglo American sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job.... 


Mining production, sales drop in March
14th May 2024 By: Tasneem Bulbulia

Mining production decreased by 5.8% year-on-year in March, Statistics South (Stats SA) reports. The largest negative contributors were coal (-9.1% and contributing -2.3 percentage points);... 


Pensana records encouraging testwork results from samples at Angola project
14th May 2024 By: Tasneem Bulbulia

London-listed Pensana Rare Earths says initial results from beneficiation testwork on samples from the Sulima West deposit at the Coola exploration licence, located 75 km north of Longonjo, in... 


Mineral Resources Minister Gwede Mantashe
Mantashe warms to Anglo plan after opposing BHP bid
14th May 2024 By: Bloomberg

South Africa’s mines minister struck a conciliatory tone as Anglo American Plc announced plans to separate its platinum unit as part of a major shakeup following its rejection of two approaches... 


Anglo American CE Duncan Wanblad
All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers
14th May 2024 By: Martin Creamer

Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and the envisaged divestment or demerger of... 


Itochu, $5.9bn South Africa ammonia plant near supply pact
14th May 2024 By: Bloomberg

A group led by Japanese trading house Itochu Corp. is nearing an agreement to buy green ammonia from Hive Hydrogen South Africa, a $5.9 billion project that could make the country a global leader... 


Korea Zinc sees US opportunities as it targets big copper growth
14th May 2024 By: Bloomberg

The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth opportunities in the US as it seeks to become a leading player in the global... 


Two dead, one missing after tremor damages Polish coal mine
14th May 2024 By: Reuters

Two miners were killed in southern Poland and one remained trapped underground after an overnight tremor caused a partial collapse in a section of the Myslowice-Wesola mine, the mine's owner said... 


Well testing ahead of gas flow to the generator
Kinetiko thrilled with successful onshore gas-to-power demonstration in South Africa
14th May 2024 By: Creamer Media Reporter

ASX-listed Kinetiko Energy has successfully demonstrated that it can produce gas-to-power (GtP) from an onshore natural gas resource at its Amersfoort project, in Mpumalanga, South Africa. The... 


Treasurer Jim Chalmers
Australia to invest A$22.7bn in renewable energy, critical minerals
14th May 2024 By: Reuters

The Australian government on Tuesday announced a A$22.7-billion package to boost domestic manufacturing and renewable energy as the country seeks to reduce its reliance on foreign suppliers for key... 


SolGold advances financing for Cascabel, secures $10m loan
SolGold advances financing for Cascabel, secures $10m loan
14th May 2024 By: Mariaan Webb

LSE- and TSX-listed SolGold said on Tuesday that it was making significant strides in securing financing for its Cascabel project, in Ecuador, with capital providers expressing a keen interest in... 


Resources Watch
Resources Watch
14th May 2024

This week: Copper 360’s underground copper mine set to open three months ahead of schedule; South Deep wind power decision drawing closer, Q2 update likely on backfill problem and, Hydrogen’s... 


platinum ingots
PGMs to face continued supply constraints, low prices – report
14th May 2024 By: Darren Parker

Precious metals consultancy Metals Focus’ new ‘Platinum Group Metals (PGM) Focus 2024’ report, which offers a comprehensive analysis of the PGM industry, indicates that the rest of the year will be... 


Tirupati schedules requisitioned general meeting for June 11
14th May 2024 By: Creamer Media Reporter

Specialist graphite producer Tirupati Graphite will, on June 11, hold a general meeting to give shareholders the opportunity to vote on a resolution brought by a group of shareholders to replace... 


Future Metals secures EIS grant for Eileen Bore drilling
Future Metals secures EIS grant for Eileen Bore drilling
14th May 2024 By: Creamer Media Reporter

Exploration company Future Metals has been awarded A$180 000 under the Western Australian government’s exploration incentive scheme (EIS) to conduct drilling at the Eileen Bore prospect. Situated... 


The Kookaburra graphite project has the second largest known graphite resource on South Australia’s Eyre Peninsula.
Graphite miner Lincoln joins EU trade mission
14th May 2024 By: Creamer Media Reporter

Graphite miner Lincoln Minerals CEO Jonathon Trewartha will participate in an Australia government-led trade mission to the European Union (EU) in early June. During the trade mission, Lincoln... 


Tin prices may see further support from supply risks, rate cuts, analysts say
14th May 2024 By: Reuters

Tin prices, which have rallied in recent months to near two-year highs, could be bolstered further by supply disruptions, ongoing geopolitical conflicts, fund inflows in the event of interest rate... 


Anglo CEO Duncan Wanblad
Anglo American eyes offloading steelmaking coal, nickel, diamonds
14th May 2024 By: Reuters

Anglo American laid out a strategy update on Tuesday that includes exploring options for its steelmaking coal, nickel and platinum businesses, in an effort to fend off a takeover bid from the... 


Copper climbs to highest in two years as bulls see deficit
Copper climbs to highest in two years as bulls see deficit
14th May 2024 By: Bloomberg

Copper touched its highest level since 2022 after a powerful rally fueled by forecasts of a growing global supply deficit. The commodity’s gain since the start of January is approaching 20% with... 


Hochschild Mining CEO Eduardo Landin
Hochschild hits commercial production at its first Brazil mine
14th May 2024 By: Creamer Media Reporter

Precious metals company Hochschild Mining has achieved commercial production at the Mara Rosa gold mine – its first operation in Brazil. During May, the Mara Rosa processing plant has operated at... 


Anglo American Platinum's Mogalakwena operation in South Africa
Investors expect BHP to lift Anglo American offer again
14th May 2024 By: Reuters

BHP is likely to sweeten its $43-billion takeover offer for Anglo American for a second time and possibly add cash, investors in both companies said on Tuesday, after the London-headquartered... 


Buxton acquires Arizona manganese exploration project
Buxton acquires Arizona manganese exploration project
14th May 2024 By: Creamer Media Reporter

Australia-listed Buxton Resources on Tuesday announced an agreement to acquire a manganese brownfields exploration project in Arizona, US. The Matrix manganese project, in Mohave county, is... 


Glencore Coal launches Australia apprenticeship progamme
Glencore Coal launches Australia apprenticeship progamme
14th May 2024 By: Creamer Media Reporter

Glencore Australia has announced the opening of its 2025 apprenticeship programme for applications, inviting aspiring candidates to apply for an opportunity or skills development and hands-on... 


The Waterfal smelter at Anglo American Platinum's operations in South Africa.
Analysts highlight concerns over valuation, regulatory hurdles in BHP-Anglo proposal
14th May 2024 By: Mariaan Webb

The rejection – for the second time – of BHP’s attempt to propose a deal with Anglo American underscores the concerns that continue to persist regarding value and regulatory hurdles in the proposed... 


DRC allows Zijin mine to resume operations, mines ministry letter says
14th May 2024 By: Reuters

Democratic Republic of Congo's government has lifted a suspension order on a Congolese copper and cobalt operation majority-owned by China's Zijin Mining Group, according to a letter seen by... 


Queensland Premier Steven Miles
Queensland Premier says nuclear will cost jobs
14th May 2024 By: Creamer Media Reporter

Queensland Premier Steven Miles has strongly opposed the Liberal Party’s proposition to introduce nuclear reactors in the northern regions of the state, asserting that such a move is “recipe for a... 


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