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Aluminum spikes as White House plans fresh sanctions on Russia
21st February 2024 By: Bloomberg

Aluminum surged on speculation that a fresh wave of US sanctions against Russia may target the metal, potentially disrupting supplies. US President Joe Biden said the US plans to unveil a “major”... 


Copper, gold to get 'largest immediate' boost from Fed easing, Goldman says
21st February 2024 By: Reuters

Copper and gold are expected to see the largest immediate price boost in the commodities sector from potential US Federal Reserve interest rate cuts, analysts at Goldman Sachs said. "The immediate... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto posts lower FY profit
21st February 2024 By: Mariaan Webb

Diversified mining major Rio Tinto CEO Jakob Stausholm on Wednesday reported “resilient” financial results for 2023, with free cash flow of $7.7-billion and underlying earnings of $11.8-billion.... 


First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing
First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing
21st February 2024 By: Mariaan Webb

Canada-headquartered First Quantum Minerals, which is facing a major challenge with the closure of its flagship Panama mine, is making progress with its balance sheet initiatives. These include,... 


First Quantum Minerals re-shuffles management at Zambian operation
21st February 2024 By: Reuters

Canadian miner First Quantum Minerals is re-shuffling top-tier personnel at its Zambian operations in a bid to tackle production and safety shortfalls in the South African country, an internal memo... 


A copper mine in the DRC operated by Gecamines
Gecamines plans overhaul of mining JVs in world's top cobalt supplier
20th February 2024 By: Reuters

The Democratic Republic of Congo's (DRC's) State miner is broadening a push to extract more from its copper and cobalt joint ventures, seeking to negotiate for higher stakes across the board to... 


Antofagasta CEO Ivan Arriagada
Antofagasta says profit up 5% in 2023, cuts dividend
20th February 2024 By: Reuters

Chile's Antofagasta on Tuesday reported a 5% rise in 2023 profit as copper production and prices increased, offsetting higher costs. Although the mining group reported earnings before interest,... 


BHP eyes 500 000 t/y of copper from South Australia
BHP eyes 500 000 t/y of copper from South Australia
20th February 2024 By: Mariaan Webb

Diversified mining company BHP is advancing several avenues for copper growth, CEO Mike Henry said on Tuesday, highlighting the key role that its South Australian assets will play in the group’s... 


US moves to restore stockpiling ‘panic button’ in EV metals fight with China
US moves to restore stockpiling ‘panic button’ in EV metals fight with China
20th February 2024 By: Bloomberg

Insiders liken it to a “panic button.” And for more than 80 years, the primary job of the National Defense Stockpile has been to keep the US military supplied with essential raw materials and... 


Metals Acquisition dual lists on ASX following A$325m IPO
Metals Acquisition dual lists on ASX following A$325m IPO
20th February 2024 By: Creamer Media Reporter

Copper miner Metals Acquisition Limited (MAC) on Tuesday started trading on the ASX, following completion of its oversubscribed initial public offering (IPO) in Australia. MAC raised A$325-million... 


Copper 360 CEO Jan Nelson.
Rich new Copper 360 discovery points to big Chile-type copper mine potential
20th February 2024 By: Martin Creamer

Okiep Copper Company, which mining company Newmont established in 1937, is today one of the 100%-owned subsidiaries of South Africa’s Copper 360, the only pure copper play listed on the... 


BHP CEO Mike Henry
Worst of inflationary wave over, says BHP CEO
20th February 2024 By: Mariaan Webb

Diversified mining group BHP CEO Mike Henry has expressed confidence in a more favourable economic outlook for 2024, declaring that the worst of the global inflationary wave is over. BHP, which on... 


Iron-ore slumps as demand doubts persist with China’s reopening
19th February 2024 By: Bloomberg

Iron-ore tumbled following a five-day run of gains as China’s markets reopened, with investors weighing prospects for near-term steel demand in the world’s largest importer. Futures dropped from... 


Rare earth oxides
Altona diversifies into other critical materials
19th February 2024 By: Marleny Arnoldi

While London-listed Altona Rare Earths advances its Monte Muambe rare earths project, in Mozambique, the company has also decided to pursue a balanced portfolio of critical raw materials projects... 


New Cascabel PFS cuts initial capex
19th February 2024 By: Creamer Media Reporter

London- and Toronto-listed SolGold has announced the results of a new prefeasibility study (PFS) for the Cascabel project, in Ecuador, which supports a phased block cave mine development that... 


An image of Copper 360 CFO Stephan du Plessis
Copper 360 raises about R100m in additional funding
19th February 2024 By: Tasneem Bulbulia

JSE-listed Copper 360, formerly Big Tree Copper, has raised additional funding of R99.8-million through the issue of shares for cash on certain terms and conditions, aligned to the company’s... 


Cash from Kanmantoo copper sales hits the bank
Cash from Kanmantoo copper sales hits the bank
19th February 2024 By: Creamer Media Reporter

Following the recent launch of copper production at the Kanmantoo underground mine in South Australia, Hillgrove Resources has now sold its first copper concentrate, securing the initial proceeds.... 


Vedanta starts provision of funding to KCM in Zambia
16th February 2024 By: Tasneem Bulbulia

Global natural resources company Vedanta Resources has started providing funding to Konkola Copper Mines (KCM), in Zambia, and has disbursed its first $25-million for employee salaries, contract... 


Long stop date for Xtract’s disposal of Mozambique project extended
16th February 2024 By: Tasneem Bulbulia

Aim-listed Xtract Resources says the long stop date in relation to the disposal of its entire interests in the Manica gold project, in Mozambique, has been extended from February 15 to February 23... 


First Quantum exercises option over two licences in Zambia
16th February 2024 By: Tasneem Bulbulia

Canada-based First Quantum Minerals (FQM) has exercised its option over the remaining two licences in the Central Africa Copperbelt from an object agreement with London-listed African Pioneer’s... 


An image showing gold bars
Geopolitical unrest to cause volatility for commodities – RMB
16th February 2024 By: Tasneem Bulbulia

With geopolitical instability persisting globally, especially in the form of conflict between Russia and Ukraine and in the Middle East, commodities are set for a volatile year, and the risk of... 


An image of Sylvania Platinum CEO Jaco Prinsloo
Updated MRE for Sylvania’s Volspruit project shows improved grades
16th February 2024 By: Tasneem Bulbulia

Aim-listed Sylvania Platinum has announced the completion of a mineral resource estimate (MRE) update for its Volspruit project, located on the Northern Limb of the Bushveld Complex in South... 


Energy transition driving continued surge in metals, mining M&A activity
16th February 2024 By: Tasneem Bulbulia

The ongoing surge in mergers and acquisitions (M&A) activity in the metals and mining sector is expected to continue into this year, driven by the global energy transition, with industry players... 


Locantion map of Kanmantoo tenements, mine and exploration
Kanmantoo underground project – Stage 1, Australia – update
16th February 2024 By: Sheila Barradas

Hillgrove Resources has produced first concentrate from the Kanmantoo copper mine. 


UPSKILLING DGC Africa, equips people with essential skills for meaningful employment, benefiting both the local workforce and international mining companies operating in the DRC
Company growing presence in the DRC
16th February 2024 By: Donna Slater

Amidst the growing global spotlight on the Democratic Republic of Congo (DRC) as a key player in copper and cobalt mining, asset integrity management and industrial solutions company DGC Africa’s –... 


Location map of the Alacran project
Alacran copper/gold project, Colombia
16th February 2024 By: Sheila Barradas

A feasibility study has demonstrated an economically attractive project. 


IMAGE OF TULU KAPI DRILL CORE
Tulu Kapi gold project, Ethiopia – update
16th February 2024 By: Sheila Barradas

Following meetings with senior representatives of stakeholders for Kefi’s Tulu Kapi project at this year’s Investing in African Mining Indaba, all parties in the funding syndicate will go to their... 


A group of make shift tents and lean to's in the DRC Bush which houses artisanal miners and their families
DRC investment to be buoyed by elevated copper price
16th February 2024 By: Halima Frost

A forecasted increase in global copper prices will encourage continued investment in the “copper and cobalt mining powerhouse of Africa” – the Democratic Republic of the Congo (DRC) – reports... 


An aerial view of a formal copper mine in DRC with load haul dump vehicles
Pursuing sustainable battery metals supply
16th February 2024

Despite a projected gradual decrease from 76% of global cobalt mine production in 2023 to 67% in 2028 and 66% in 2033, the DRC will continue to be the most dominant producer globally, according to... 


 A young boy miner stood in front of an openpit artisanal mine in the Democratic Republic of Congo
Human rights a key issue
16th February 2024 By: Halima Frost

Modern slavery risk mitigation data and research company Evidencity says although poor governance is an endemic issue in the mining sector of the Democratic Republic of Congo (DRC), the protection... 


Two ladies working on a group of electrical switchgear units
Switchgear units supplied to DRC copper mine
16th February 2024

Switchgear manufacturer and supplier Actom MV Switchgear has been awarded a contract to supply the extensive new Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC) with power... 


Mexican mining sector balks at plan to ban open-pit mines
Mexican mining sector balks at plan to ban open-pit mines
15th February 2024 By: Reuters

Mexican President Andres Manuel Lopez Obrador's proposal to ban openpit mining will generate uncertainty and curtail investment for the key sector, mining industry representatives said this week.... 


Image of TOMRA sorting solution
Deep learning solution to transform ore sorting technology
15th February 2024

Sensor-based ore sorting technology provider TOMRA has unveiled its latest innovation for high-capacity ore sorting at the Investing in African Mining Indaba exhibition in Cape Town, South Africa.... 


An image showing Orion Minerals' Prieska copper zinc mine
Philip Kotze steps down from Orion Minerals board
15th February 2024 By: Tasneem Bulbulia

JSE- and ASX-listed Orion Minerals has accepted the resignation of Philip Kotze from the board, with immediate effect. During the past several months, Orion has undertaken a review of its board’s... 


Barrick CEO Mark Bristow.
Barrick replaces 140% of gold reserve, no need for ‘dilutionary or delusionary’ M&A
15th February 2024 By: Martin Creamer

New York- and Toronto-listed mining company Barrick has replaced more than 140% of its gold reserves in the last five years and more importantly at the same grade, Barrick CEO Dr Mark Bristow... 


It is an uncertain time for the Western Australia nickel industry
BHP considers closing WA Nickel, flags impairments
15th February 2024 By: Mariaan Webb

Diversified mining major BHP is considering closing its Western Australia Nickel operations, amid the sharp fall in prices, the company announced on Thursday. BHP said it could place Nickel West... 


The Hermosa project in the US state of Arizona
South32 board approves $2.16bn US zinc mine
15th February 2024 By: Mariaan Webb

The board of South32 has given the green light for the development of the Taylor polymetallic deposit – the first development at its regional-scale Hermosa project in the US state of Arizona. The... 


Barrick CEO Mark Bristow
Barrick CEO not interested in piecemeal talks over First Quantum assets
14th February 2024 By: Reuters

Barrick Gold CEO Mark Bristow said on Wednesday he was not interested in piecemeal discussion when asked whether the company would consider bidding for any of First Quantum Minerals' assets. "I'm... 


Zesco representatives recently visited one of FQM's mines
First Quantum in talks with utility to improve Zambia’s grid efficiency
14th February 2024 By: Tasneem Bulbulia

Stabilisation of the national power grid is a prerequisite to increasing Zambia’s copper production to three-million tonnes a year, says miner First Quantum Minerals (FQM). Ensuring that power was... 


The Pueblo Viejo operation in the Dominican Republic
Barrick targets higher output this year after missing FY guidance
14th February 2024 By: Creamer Media Reporter

old is forecasting higher gold production in 2024, setting a target of 3.9-million to 4.3-million ounces for the year. This compares with gold production of 4.05-million ounces this year, which... 


Tycoon Birla’s Hindalco bids for Indian critical minerals leases
14th February 2024 By: Bloomberg

Hindalco Industries is bidding for critical minerals exploration sites being auctioned by India, as the metals producer owned by billionaire Kumar Mangalam Birla seeks to build its portfolio of... 


The New Afton mine
New Gold to reach free cash flow inflection point this year, says CEO
14th February 2024 By: Mariaan Webb

Canadian gold miner New Gold has executed on its key priority of stabilising its operations and delivering consistent results throughout the year, CEO Patrick Godin said on Tuesday. “2023 was a... 


Hammer and Carnaby initiate merger talks
14th February 2024 By: Mariaan Webb

Exploration company Hammer Metals on Wednesday confirmed that it was in discussions regarding a potential merger with fellow ASX-listed Carnaby Resources. The discussions were at a “relatively... 


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