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Mining

Peru zinc miner Volcan to avoid debt haircut, new owner says
14th May 2024 By: Bloomberg

Volcan Cia Minera plans to make a series of debt payments through August and to refinance later obligations without imposing losses, said the head of its new controlling shareholder, dismissing... 


Atlantic Lithium is now trading on the GSE.
Lithium miner debuts as Ghana’s first listing in two years
14th May 2024 By: Bloomberg

Australian-based Atlantic Lithium, which is developing Ghana’s first lithium mine, has taken a step toward raising capital from equity investors in the country. The company has listed all its... 


Top critical mineral miner CBMM sees opportunity in EV batteries
14th May 2024 By: Bloomberg

A Brazilian company focused on mining a metal used to strengthen alloys is betting that its mainstay product can also play a key role in improving electric vehicle batteries. Cia. Brasileira de... 


From left, CHIETA CEO Yersen Pillay, Higher Education and Training Department DDG Zukile Mvalo, and Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Green energy presenting South Africa with massive reindustrialisation chance – Nedbank
13th May 2024 By: Martin Creamer

Green electrons and green molecules are presenting South Africa with a massive opportunity to reindustrialise, Nedbank CIB head of infrastructure, energy and telecommunications Mike Peo told the... 


Tirupati urges shareholders to vote against replacing the board with new directors
13th May 2024 By: Sabrina Jardim

London-listed specialist flake graphite producer Tirupati Graphite has asked shareholders to vote against resolutions brought by a group of shareholders seeking the removal of chairperson and MD... 


BHP CEO Mike Henry says the group is disappointed that its second proposal has been rejected.
Anglo rejects BHP's revised £34bn proposal
13th May 2024 By: Mariaan Webb

Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion. The structure of the revised proposal, unveiled... 


China takes advantage of cheap gas and coal to rebuild stocks
China takes advantage of cheap gas and coal to rebuild stocks
13th May 2024 By: Bloomberg

China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer. Gas imports through the end of April... 


Hastings CEO departs amid cost-cutting restructuring
Hastings CEO departs amid cost-cutting restructuring
13th May 2024 By: Creamer Media Reporter

Paul Brown will leave rare earths developer Hastings Technology Metals at the end of the month as the company restructured its business to reduce costs. The restructuring has resulted in a... 


Lexington renews Jelani prospecting right to 2026
13th May 2024 By: Darren Parker

Aim-listed Lexington Gold has announced that the prospecting right owned by Jelani Resources has now been formally renewed until May 29, 2026. This follows on the back of announcements made on May... 


VR8 mulls most favourable terms after signing third offtake MoU
13th May 2024 By: Marleny Arnoldi

Australia-headquartered Vanadium Resources (VR8) has signed a memorandum of understanding with China-based Hunan Zhongxin New Materials Technology for the offtake of 4 000 t/y of vanadium oxide,... 


An image of Goldplat's operation in Benoni
Goldplat’s third quarter buoyed by strong performance of its Ghanaian operations
13th May 2024 By: Tasneem Bulbulia

Aim-listed Goldplat’s gold recovery operations in South Africa and Ghana achieved a combined operating profit for the third quarter, ended March 31, of £1.6-million (excluding listing and head... 


Kefi nears construction start at Tulu Kapi
13th May 2024 By: Marleny Arnoldi

London-listed Kefi Gold and Copper says the remaining finance syndicate approval process in respect of the Tulu Kapi project, in Ethiopia, is on track for final approvals this month. The company... 


Power moves to establish an early niobium foothold in West Arunta
13th May 2024 By: Creamer Media Reporter

The share price of ASX-listed Power Minerals surged early 30% on Monday, following its announcement of a strategic move into the West Arunta region of Western Australia with the addition of the... 


lithium ore
Zimbabwe leading the sub-Saharan African lithium mining boom
13th May 2024 By: Darren Parker

The past three years have witnessed a surge in hard-rock pegmatite lithium mining activity across Southern Africa, according to consultancy firm AmaranthCX. “While Zimbabwe has emerged as the... 


Mine shaft at Caledonia's Blanket mine in Zimbabwe
Caledonia starts year with higher output, profit
13th May 2024 By: Marleny Arnoldi

Gold miner Caledonia Mining says its production and profit was supported by a favourable gold price in the first quarter of the year, which has continued through April and into May. The company’s... 


Clean Air Metals appoints new VP of exploration
13th May 2024 By: Creamer Media Reporter

Canadian exploration company Clean Air Metals has appointed Lionnel Djon as its new VP of exploration, succeeding Geoff Heggie who has left the company to pursue other opportunities. Djon has most... 


Horizon Minerals inks toll milling agreement
13th May 2024 By: Mariaan Webb

ASX-listed Horizon Minerals on Monday announced a toll milling agreement with FMR Investments to treat 200 000 t of ore from the Cannon underground deposit. FMR owns the Greenfields mill, which is... 


Element25 expedites Butcherbird expansion activities amid manganese price rebound
13th May 2024 By: Creamer Media Reporter

ASX-listed developer Element 25 is speeding up efforts to expand its Butcherbird project, in Western Australia, seizing the opportunity presented by a resurgence in manganese ore prices. Following... 


President Cyril Ramaphosa
Ramaphosa denies pre-election loadshedding respite is a ‘political ploy’
13th May 2024 By: Terence Creamer

President Cyril Ramaphosa has entered the politically charged discussion on the reasons behind the recent dramatic reduction in loadshedding ahead of what is expected to be a highly competition... 


De Jager to lead Surefire as next CEO
13th May 2024 By: Creamer Media Reporter

Perth-based explorer Surefire Resources has appointed Jan de Jager as CEO. De Jager has more than 25 years’ experience across operational, finance, commercial, strategy and business development... 


Hermosa will produce two federally designated critical minerals - zinc and manganese
South32’s Hermosa federal permitting process gets under way
13th May 2024 By: Mariaan Webb

The US Forest Service (USFS) has initiated the federal permitting process for the South32 Hermosa project, in Arizona. Under the umbrella of the National Environmental Policy Act, the USFS has... 


The incident occurred when an autonomous train collided with a set of stationary wagons.
Rio Tinto says a driverless iron-ore train derailed in Western Australia
13th May 2024 By: Reuters

Rio Tinto said on Monday an autonomous train had derailed at its Western Australian iron-ore operations overnight and that it was investigating the incident in which no one was hurt. The incident... 


K+S confirms Q1 earnings beat and 2024 guidance as potash prices stabilise
13th May 2024 By: Reuters

German potash and salt miner K+S confirmed its core profit beat on Monday, as it benefited from a strong European specialty and industry business performances. The Hessian-based firm posted... 


Glencore seeks Australian carbon capture approval amid farmer protests
13th May 2024 By: Reuters

Australia's Queensland state will decide this month whether to give Glencore a key approval to bury liquefied carbon dioxide in the country's largest aquifer, a plan farm groups say must be blocked... 


World Platinum Director of Research Edward Sterck
Platinum demand outlook pretty robust, World Platinum Investment Council highlights
13th May 2024 By: Martin Creamer

The outlook for platinum is one that's pretty robust, the World Platinum Investment Council (WPIC) has highlighted in its latest Platinum Quarterly, which shows the projection of the metal's demand... 


Ardiden CEO steps down amid restructuring
13th May 2024 By: Creamer Media Reporter

Exploration company Ardiden’s Greg Romain has resigned as MD and CEO with immediate effect, the ASX-listed junior announced on Monday. CFO Tara Robson has assumed the role of interim CEO of the... 


Copper cathode ready to dispatch
Glencore steps in to help Austral exit receivership
13th May 2024 By: Mariaan Webb

Copper producer Austral Resources on Monday announced the end of receivership, as offtake partner Glencore Australia stepped in to the role of senior secured creditor. Glencore Australia has... 


Peninsula expands Lance uranium resource estimate
Peninsula expands Lance uranium resource estimate
13th May 2024 By: Creamer Media Reporter

ASX-listed Peninsula Energy has announced qn updated mineral resource estimate (MRE) of 58-million pounds of uranium oxide (U3O8) for the Lance project, in Wyoming. The updated resource estimate is... 


The Escondida mine
Chile copper output edges down in March, dragged by Codelco
13th May 2024 By: Reuters

Copper output in Chile, the world's largest producer of the metal, edged down in March, data from copper commission Cochilco showed on Friday, as production slid at state-run miner Codelco but rose... 


Residents of the oil sands hub of Fort McMurray, in Alberta, have been asked to prepare to leave.
Western Canada blazes cause evacuations, air quality concerns
13th May 2024 By: Reuters

The season's first major wildfires have spread to roughly 10 000 ha across Western Canada on Sunday as authorities issued an evacuation order for a community in British Columbia and warned of poor... 


Treasurer Jim Chalmers
Australia’s Budget will boost critical minerals, Treasurer says
13th May 2024 By: Bloomberg

Australia’s budget will feature a bigger boost for the nation’s critical minerals industry, Treasurer Jim Chalmers said, describing the lucrative market as a “golden opportunity” just days ahead of... 


OceanaGold Philippines' shares decline in early trades on market debut
OceanaGold Philippines' shares decline in early trades on market debut
13th May 2024 By: Reuters

Gold miner OceanaGold Philippines' shares fell as much as 6% below their initial public offering (IPO) price in the first 15 minutes of trading on their market debut on Monday. The shares opened... 


Stranded coal ship leaves Port of Baltimore amid work to clear main channel
13th May 2024 By: Reuters

coal ship stranded at the Port of Baltimore set sail for Singapore this week as crews work to remove the Dali container ship that crashed into the Francis Scott Key Bridge, causing it to collapse... 


Anglo American CEO Duncan Wanblad
Anglo investors tell company to move faster to survive BHP bid
13th May 2024 By: Bloomberg

Anglo American’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group’s takeover bid. Anglo... 


Finance Minister Chrystia Freeland
Miners seek exemption from Canadian tax hike to save equity deals
13th May 2024 By: Bloomberg

Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains taxes, warning the hike will make it harder for junior miners to raise money to... 


AngloGold CEO Alberto Calderon
AngloGold starts year with 2% higher output despite flooding in Australia
10th May 2024 By: Marleny Arnoldi

Gold miner AngloGold Ashanti has started the year off well, with a 2% increase in production to 581 000 oz for the quarter ended March 31, despite the impact of heavy rain and flooding on output in... 


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