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Mining

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.... 


Silver bars
Armadale sets out to earn a majority stake in US silver asset
24th April 2024 By: Creamer Media Reporter

Aim-listed investment company Armadale Capital, which holds mine investments in Africa, has entered into an agreement to earn a 50% interest in Africo American Incorporated (AAI), the holding... 


First Quantum navigates Zambia power crisis through imports, renewable projects
First Quantum navigates Zambia power crisis through imports, renewable projects
24th April 2024 By: Mariaan Webb

In response to Zambia's recent declaration of a national emergency owing to a severe drought affecting power generation, copper miner First Quantum Minerals is taking measures to ensure the... 


China copper gauge at zero offers stark warning to metal bulls
24th April 2024 By: Bloomberg

A key measure of Chinese copper demand just sank to zero, another sign that global prices are not balanced with what buyers in the biggest market are prepared to pay. Premiums paid on imported... 


China coal prices have bottomed, will surpass 2023 highs, industry group says
24th April 2024 By: Reuters

China's domestic coal prices have bottomed out and will exceed 2023 highs this year, a major coal industry group said on Wednesday. "Overall stockpiles are not very high, so if market purchases... 


Vitol CEO Russell Hardy
World’s biggest energy traders are returning to metals markets
24th April 2024 By: Bloomberg

Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets. Vitol Group, Gunvor Group and Mercuria Energy Group... 


Volt progresses programmes with customers for Tanzania project
24th April 2024 By: Tasneem Bulbulia

ASX-listed Volt Resources has provided shareholders with an update on the progress at its Bunyu graphite project, in Tanzania. As reported in January, graphite concentrate from the project was... 


Perseus expects strong operating performance to continue
24th April 2024 By: Sabrina Jardim

ASX- and TSX-listed Perseus Mining has reported gold sales of 115 648 oz in the March quarter – a 19 489 oz decrease on sales in the December 2023 quarter, owing to the timing of gold sales. The... 


West African on track to meet full-year guidance following solid first quarter
24th April 2024 By: Tasneem Bulbulia

Unhedged gold mining company West African Resources’ Sanbrado mine, in Burkina Faso, produced 56 595 oz of gold at an all-in sustaining cost (AISC) of $1 291/oz in the first quarter of this year.... 


An image of Ionic MD Tim Harrison
IonicRE raises $5.5m in a placement
24th April 2024 By: Tasneem Bulbulia

ASX-listed Ionic Rare Earths (IonicRE) has received firm commitments to raise $5.5-million, before costs, by way of a share placement of about 423-million shares. The placement includes... 


Ironveld enters facility agreement with Tracarta
24th April 2024 By: Sabrina Jardim

Aim-listed mining development company Ironveld has entered into a further working capital loan facility agreement with shareholder Tracarta, in which Ironveld chairperson John Wardle has a... 


The Grasberg mine in Indonesia
Miner Freeport-McMoRan beats quarterly profit estimates on strong production
24th April 2024 By: Reuters

Copper miner Freeport-McMoRan beat Wall Street estimates for first-quarter profit on Tuesday, helped by higher production and easing costs. The mining giant said its quarterly production of copper... 


G Mining draws remaining $33m for TZ project
24th April 2024 By: Creamer Media Reporter

Toronto-listed G Mining Ventures (GMIN) has successfully drawn the remaining $33-million on its $75-million senior secured term loan with an affiliate of Franco-Nevada, in accordance with an... 


rough diamonds being sorted using tweezers
Diamond council urges industry to transition to revised System Of Warranties urgently
24th April 2024 By: Darren Parker

The World Diamond Council’s (WDC’s) revised System of Warranties (SoW) is set to reach its first critical deadline on September 21, when it becomes obligatory for all rough diamond sales.   “We... 


An image of the Gemfields’ Montepuez mine
Gemfields releases updated ‘G-Factor for Natural Resources’ figures
24th April 2024 By: Tasneem Bulbulia

London-listed Gemfields has announced updated ‘G-Factor for Natural Resources’ figures for the 12 months to December 31, 2023, and has also once again invited governance bodies, extractive... 


Codelco chairman says SQM lithium deal set to give 85% of benefits to state
24th April 2024 By: Reuters

Chile's government is expected to receive 85% of "associated benefits" including taxes and lease payments from a planned partnership between state-run copper miner Codelco and lithium company SQM... 


Champion Iron eyes expansion beyond 15Mt/y at Bloom Lake
Champion Iron eyes expansion beyond 15Mt/y at Bloom Lake
24th April 2024 By: Mariaan Webb

Canadian miner Champion Iron is considering a significant expansion of its production capacity at the Bloom Lake mine, in Quebec. CEO David Cataford says Champion’s technical team is assessing the... 


Copper 360 CEO Jan Nelson.
Copper 360 ships concentrate, on course to pay first dividend next year
24th April 2024 By: Martin Creamer

South Africa's rapidly advancing copper producer Copper 360 has shipped copper concentrate from the Northern Cape province for the first time in 21 years, which saw its shares rise by more than 26%... 


Woodside investors vote down climate plan, rebuking Australia's top gas producer
Woodside investors vote down climate plan, rebuking Australia's top gas producer
24th April 2024 By: Reuters

Shareholders rejected Woodside Energy's climate plan on Wednesday, marking a symbolic victory for activists who have called for Australia's biggest gas producer to stop new fossil fuel projects,... 


The Kalgoorlie rare earths processing plant
Lynas ups Kalgoorlie capital costs budget to A$800m
24th April 2024 By: Mariaan Webb

Rare earths miner Lynas has added another A$70-million to the final cost estimate of its delayed Kalgoorlie processing facility, with the full cost now set to come in at A$800-million. This... 


The Greenstone mine will be one of Canada's largest and highest grade mines.
Equinox acquires full ownership of Greenstone for $995m
24th April 2024 By: Mariaan Webb

Vancouver-based Equinox Gold has announced the acquisition of Orion Mine Finance’s 40% interest in Greenstone Gold Mines for $955-million. This gives Equinox full ownership of what it describes as... 


LME moves to stop gaming of Russian aluminium sanctions-based rule
LME moves to stop gaming of Russian aluminium sanctions-based rule
24th April 2024 By: Reuters

The London Metal Exchange (LME) moved on Tuesday to stop traders from taking Russian aluminium from its approved warehouses and returning it at a later date to profit from rule changes to comply... 


enCore Energy CEO Paul Goranson
enCore CEO balances ambitious production goals with workforce challenges
24th April 2024 By: Mariaan Webb

As US-based uranium miner enCore Energy charts its path towards significantly ramping up production, the company faces a dual challenge of aggressive expansion and ensuring the retention of key... 


OceanaGold's Didipio mine
OceanaGold prices $106m IPO of Philippine unit
24th April 2024 By: Reuters

Toronto-listed miner OceanaGold said on Wednesday it will raise 6.08-billion pesos ($106-million) through an initial public offering (IPO) of its Philippine unit, the first listing in the Southeast... 


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pqt: 3.475s - ct: 3.623s - 381pq - 2rq
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