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Mining

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... 


GR Engineering bags A$71m Kathleen Valley contract
GR Engineering bags A$71m Kathleen Valley contract
10th May 2024 By: Creamer Media Reporter

ASX-listed GR Engineering Services has been awarded an engineering, procurement and construction (EPC) contract with LRL, a wholly-owned subsidiary of Liontown Resources, for the Kathleen Valley... 


MRC plans to sell SA mineral sands mine as focus shifts to graphite
MRC plans to sell SA mineral sands mine as focus shifts to graphite
10th May 2024 By: Mariaan Webb

ASX-listed Mineral Commodities (MRC) has announced a decision to divest its interest in the Tormin mineral sands mine in South Africa to allow the company to focus its efforts on graphite assets... 


St Barbara’s decade-long vision for Simberi
St Barbara’s decade-long vision for Simberi
10th May 2024 By: Mariaan Webb

Australian gold miner St Barbara has crafted a roadmap for the advancement of the Simberi mine, in Papua New Guinea, outlining production scenarios aimed at elevating output to about 230 000 oz/y... 


Manganese Metal Co chairperson Bernard Swanepoel
Fantastic advance by Proudly South African manganese battery metal first-mover
10th May 2024 By: Martin Creamer

Proudly South African Manganese Metal Co (MMC) of Mbombela, Mpumalanga, is making a fantastic first-mover advance to enter the manganese battery metal market, which is progressing super-fast. To be... 


Savannah could request compulsory land acquisitions for Portuguese lithium project
Savannah could request compulsory land acquisitions for Portuguese lithium project
10th May 2024 By: Reuters

London-based Savannah Resources will if necessary ask Portugal's government to authorise compulsory land acquisitions for its planned lithium mines in the country's north, CEO Emanuel Proenca said,... 


Vietnam top coal miner says increasing sales to power plants
10th May 2024 By: Reuters

Vinacomin, Vietnam's largest coal miner, said it had significantly boosted sales to fuel domestic power plants at the same time as the country is ramping up its coal imports to try to avoid a... 


Sev.en's Czech miner suspending CSA mine, to lay off workers
10th May 2024 By: Reuters

Severni Energeticka, part of the Sev.en energy group, will suspend mining at its CSA site and lay off 485 workers by July, the Czech brown coal miner said on Thursday. The company is due to make a... 


Copper above $10 000 as supply worries counter faltering demand
10th May 2024 By: Bloomberg

Copper climbed above $10 000 a ton as predictions for tighter global supplies and rising consumption in electric vehicles and power grids countered signs of demand destruction in top user China.... 


Hard disk drive demand rebound holds opportunities for platinum – council
10th May 2024 By: Tasneem Bulbulia

The market for hard disk drives (HDDs) is showing signs of a rebound after almost two years of decline, as the rapid growth in machine learning and AI are driving the need for expanded data... 


Photo of Martin Creamer
South Deep, Rietberg, mineral exploration make headlines
10th May 2024

Mining Weekly Editor Martin Creamer discusses developments around Gold Fields’s potential wind energy project at the South Deep Gold Mine; Copper360's  Rietberg underground copper mine opening... 


Tirupati grows production, sales but warns of working capital limitations
10th May 2024 By: Marleny Arnoldi

London-listed Tirupati Graphite has successfully grown its commercial production by 49% year-on-year and its sales revenue by 70% year-on-year for the financial year ended March 31, despite working... 


Mkango executives’ salaries cut by up to 50% until September
10th May 2024 By: Darren Parker

Aim-listed Mkango Resources has cut the salaries of its executive management team by between 25% and 50% from April through to September. This comes as part of the company’s cost cutting... 


Sibanye-Stillwater CEO Neal Froneman
Froneman confident PGM prices will rebound once temporary decline abates
10th May 2024 By: Darren Parker

Multinational mining and metals processing group Sibanye-Stillwater CEO Neal Froneman remains confident that the platinum group metals (PGM) price outlook is fundamentally positive and that the... 


DRDGOLD operation
DRDGOLD posts lower third-quarter output, but higher earnings
10th May 2024 By: Marleny Arnoldi

JSE-listed gold recovery company DRDGOLD has generated higher adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended March 31, compared with the same... 


An image showing the Moma titanium minerals mine
Kenmare paid Moz govt $30m in taxes, royalties and fees for 2023
10th May 2024 By: Tasneem Bulbulia

London-listed Kenmare Resources paid the Mozambique government $30.56-million – made up of  $19.8-million, $10.26-million in royalties and $504 000 in fees – in 2023, the company reports in its... 


The Westwood mine, in Canada, achieved its highest quarter of production since mining restarted in 2021.
Iamgold guidance on track as Essakane and Westwood shine
10th May 2024 By: Mariaan Webb

Canadian gold miner Iamgold has announced a promising start to the year, reporting robust results across its operations and projects in the first quarter, positioning the company well to meet its... 


Sibanye underground workers
Sibanye reports lowest serious injury rate in its history for the first quarter
10th May 2024 By: Darren Parker

JSE- and NYSE-listed Sibanye-Stillwater has reported its lowest group serious injury frequency rate (SIFR) in its history for the first quarter, ended March 31. The SIFR of 2.19 was 15% lower than... 


SQM and Hancock wrap up Azure transaction
10th May 2024 By: Mariaan Webb

Australian battery metals explorer Azure Mining has been successfully acquired by joint bidders SQM and Hancock Prospecting in a A$1.7-billion deal.   The Chilean miner teamed up with Australia’s... 


An image showing Lucara's Karowe mine
Lucara achieves solid quarter at Karowe, underground expansion progressing
10th May 2024 By: Tasneem Bulbulia

Diamond miner Lucara Diamond Corp’s Karowe diamond mine, in Botswana, delivered another solid operational quarter ended March 31, and the company’s high-value diamond production forecast remains... 


Gowans and Deranger retire from Cameco board
10th May 2024 By: Creamer Media Reporter

Canadian uranium producer Cameco has announced the election of eight board members at its annual meeting on Thursday. The board comprises Daniel Camus, Tammy Cook-Searson, Catherine Gignac, Tim... 


The Montage Gold team with Côte d'Ivoire President Alassane Ouattara
Montage receives enviro permit for Côte d'Ivoire project
10th May 2024 By: Creamer Media Reporter

TSX-V-listed Montage Gold has received a signed Ministerial order from Côte d'Ivoire granting the environmental approvals necessary for the development of its 300 000 oz/y Koné project. In... 


Aurion opts out of right of first refusal for Finland JV with B2Gold
10th May 2024 By: Mariaan Webb

Canadian exploration company Aurion Resources has elected not to exercise its right of first refusal (RoFR) to acquire a 70% interest from joint venture (JV) partner B2Gold in their Finland... 


BHP and Rio work closely together on the Escondia mine.
Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports
10th May 2024 By: Reuters

Mining giant Rio Tinto had considered an offer for British miner Anglo American, which is now BHP Group's $39-billion takeover target, the Australian Financial Review reported on Friday. Rio... 


A hydrogen-fueled haul truck in operation at Anglo American Platinum's Mogalakwena mine
Anglo American's South Africa investors open to improved BHP bid, FT reports
10th May 2024 By: Reuters

Anglo American's key South African shareholders are open to a takeover offer from BHP, with some advocating for an additional cash component to the bid, the Financial Times reported on Thursday.... 


Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 2024

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


Magazine Cover image
Unlocking social and environmental benefits through tailings retreatment
10th May 2024 By: Schalk Burger

The retreatment, or remining, of mine tailings can provide usable land, provide profits for companies and clean the environment by moving the reprocessed tailings to more advanced and well-managed... 


Botswana President Mokgweetsi Masisi
Botswana vows to protect interests in potential BHP-Anglo deal
9th May 2024 By: Bloomberg

Botswana President Mokgweetsi Masisi vowed to protect the country’s interests, including its 15% stake in diamond giant De Beers, should BHP Group acquire Anglo American. Anglo, which rejected a... 


A platinum bar
Johnson Matthey forecasts lower palladium, rhodium deficits, but larger platinum deficit
9th May 2024 By: Marleny Arnoldi

Chemicals and sustainable technologies provider Johnson Matthey says the palladium and rhodium markets are likely to record smaller deficits this year, while platinum is likely to record a deficit... 


Manuka raises cash to bring Mt Boppy into production
9th May 2024 By: Creamer Media Reporter

Exploration and development company Manuka Resources has announced an A$8-million capital raise that it plans to use to bring the Mt Boppy gold mine into production this year. The capital will be... 


Panama President-elect Jose Raul Mulino
Panama President-elect rules out First Quantum talks until arbitration dropped
9th May 2024 By: Reuters

Panama's President-elect has ruled out talks with Canadian miner First Quantum Minerals until it drops multiple arbitration proceedings it has launched seeking billions of dollars in compensation... 


An image of DMRE chief inspector of mines David Msiza
Conference highlights coal mining industry safety milestones, new targets
9th May 2024 By: Tasneem Bulbulia

The South African coal mining industry has made progress in reaching its goal of zero harm; however, programmes and initiatives must be bolstered to ensure this is achieved and then maintained.... 


AP Ventures Co-Founding Partner Kevin Eggers
Hydrogen’s ‘irreplaceable’ role highlighted by platinum-linked venture capital provider
9th May 2024 By: Martin Creamer

The role of hydrogen in the decarbonisation of the hardest-to-abate sectors of the global economy continues to be highlighted as “irreplaceable” by AP Ventures, the independent venture capital fund... 


Uranium
Lotus confirms significant uranium potential in updated Letlhakane MRE
9th May 2024 By: Marleny Arnoldi

ASX-listed Lotus Resources has published a revised mineral resource estimate (MRE) of 155.3-million tonnes, grading 345 parts per million (ppm) triuranium octoxide (U3O8), for the Letlhakane... 


Tertiary granted enviro approval for exploration on second Zambian prospect
9th May 2024 By: Marleny Arnoldi

Aim-listed Tertiary Minerals’ environmental project brief (EPB) for the Mupala copper project, in Zambia, has been approved by the Zambia Environmental Management Agency, which allows the company... 


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