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BHP CEO Mike Henry
BHP debates improved bid as time runs out in Anglo takeover saga
19th May 2024 By: Bloomberg

With time running out on its $43-billion pursuit of Anglo American, BHP Group faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few... 


Development finance agency highlights Africa’s infrastructure needs and opportunities
17th May 2024 By: Rebecca Campbell

The Africa Finance Corporation (AFC), which exists to catalyse private-sector investment in African infrastructure, on Friday released its latest report, State of Africa’s Infrastructure Report... 


On-The-Air (17/05/2024)
On-The-Air (17/05/2024)
17th May 2024 By: Martin Creamer

Martin Creamer talks about green energy as a major reindustrialisation opportunity for South Africa, the country's potential to lead in battery manganese for electric cars, and Anglo American's... 


BHP needs to bid about £32 a share for Anglo, JPMorgan says
BHP needs to bid about £32 a share for Anglo, JPMorgan says
17th May 2024 By: Reuters

HP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. They raised their price target for... 


China’s top copper miner to ramp up output as supply risks mount
China’s top copper miner to ramp up output as supply risks mount
17th May 2024 By: Bloomberg

China’s leading copper miner raised its output guidance at a time when prices have been rallying toward a record on expected deficits. Zijin Mining Group aims to boost mined copper production to... 


Investment in certain minerals, notably copper and lithium, is falling short of what was required for transition to net-zero energy system
Today’s well-supplied market for critical minerals ‘may not be a good guide for future’
17th May 2024 By: Terence Creamer

A new International Energy Agency (IEA) report describes the sharp decline in critical mineral prices over the past year as a double-edged sword, cautioning that, while it has been a boon for clean... 


Share sales rebound 98% in Toronto as copper, gold prices surge
Share sales rebound 98% in Toronto as copper, gold prices surge
17th May 2024 By: Bloomberg

After a miserable year for share sales, Canada’s largest exchange is seeing a rebound thanks to mining firms raising capital as copper and gold prices have spiked. The volume of total financings... 


Impact gears up for year-end for PFS on Lake Hope HPA project
Impact gears up for year-end for PFS on Lake Hope HPA project
17th May 2024 By: Creamer Media Reporter

Exploration company Impact Minerals has set its sights on completing the prefeasibility study (PFS) for its high-purity alumina (HPA) endeavour, Lake Hope, by the year’s end, said MD Mike Jones on... 


Poseidon restarts Lake Johnston exploration after sales process ends
Poseidon restarts Lake Johnston exploration after sales process ends
17th May 2024 By: Mariaan Webb

ASX-listed Poseidon Nickel is getting back to exploration at the Lake Johnston project, in Western Australia, following a four-month hiatus while focusing on a sales process. Now that the heads of... 


AIC secures mining lease for Jericho, sets pathway for expanding Eloise copper output
AIC secures mining lease for Jericho, sets pathway for expanding Eloise copper output
17th May 2024 By: Mariaan Webb

The Queensland government has granted AIC Mines a mining lease for the Jericho copper mine, paving the way for surface works to get under way in preparation for mining. Development of Jericho will... 


Biden open to easing sanctions on billionaire Gertler in return for Congo exit
17th May 2024 By: Bloomberg

The US government is open to easing sanctions on billionaire mining magnate Dan Gertler if he gives up his business operations and assets in the Democratic Republic of Congo, where Washington’s... 


Copper plates produced in Chile
Chile's Cochilco raises 2024, 2025 copper price estimates
17th May 2024 By: Reuters

The Chilean Copper Commission (Cochilco) on Thursday raised its average copper price estimates for both this year and next. Cochilco now sees average copper prices this year at $4.30/lb, from... 


An image of the Cobre Panama copper mine
Developer inspects expansion project progress
17th May 2024

Copper developer and miner First Quantum Minerals (FQM) is progressing its development of the S3 expansion project, in Zambia, with a total investment commitment of $1.25-billion. The majority of... 


An aerial image of the Kansashi mine
Collaborative exploration plan adopted
17th May 2024 By: Trent Roebeck

A cooperative exploration plan has been established between Zambia-Congo Copperbelt-focused copper explorer and developer Midnight Sun Mining and copper producer First Quantum Minerals (FQM) to... 


An image of a copper mineral stone
Copper explorer starts prospecting programme
17th May 2024

Copper-focused explorer Koryx Copper has initiated an induced polarisation (IP) survey programme at its central Zambian Copperbelt-based Luanshya West project, in Zambia. The IP survey, which will... 


An image of a mine conveyor with BEKA Schréder lighting
Lighting essential to mining health, safety
17th May 2024 By: Trent Roebeck

South African luminaire and lighting products manufacturer BEKA Schréder, through its continual supplying of solutions to African mining operations, industrial clients, infrastructure providers and... 


A portrait image of Leon Koetzer
Metals processor expands, progresses Zambian assets
17th May 2024

Zambia- and South Africa-focused diversified metals processor Jubilee Metals has completed the manufacturing of a new front-end modular 50 000-t-a-month unit at its Zambia-based Roan copper... 


EXPO PARTICIPATION
BMG will be participating at the Machine Tools Africa exhibition
Distributor to launch new products at Machine Tools expo
17th May 2024

Power transmission and motion control products distributor BMG will be participating at the Machine Tools Africa exhibition, which will be held at the Johannesburg Expo Centre at Nasrec, from May... 


COPPER LEVERAGE: A revamped minerals-for-infrastructure deal between the Democratic Republic of Congo (DRC) and China’s Sicomines is contingent on the price of copper. Under the new contract, DRC will get $324-million yearly for infrastructure projects from its Chinese partners through to 2040 as long as the copper price remains above $8000/t. If copper rises above $12000/t, 30% of the additional profit will go to financing more infrastructure. If it falls below $8 000, funding will diminish and stop altogether at $5,200/t. Photograph: Bloomberg
COPPER LEVERAGE
17th May 2024

A revamped minerals-for-infrastructure deal between the Democratic Republic of Congo (DRC) and China’s Sicomines is contingent on the price of copper. Under the new contract, DRC will get... 


Photo of Terence Creamer
Green stimulus
17th May 2024 By: Terence Creamer

South Africa’s manufacturing sector is in dire need of stimulus. In its recently released ‘Industrial Policy & Strategy Review’, the Department of Trade, Industry and Competition (dtic) confirmed... 


IMAGE OF GOLD BARS
Berg gold project, Canada
17th May 2024 By: Sheila Barradas

Surge Copper plans to build a gold mine based on large-scale conventional drill, blast, load and haul openpit mining methods suited to the project location and local site requirements. 


Image of drill core from the Cascabel project
Cascabel copper/gold/silver project, Ecuador – update
17th May 2024 By: Sheila Barradas

SolGold is making significant strides in securing financing for the project. 


Aerial view of the Hermosa gold project
Hermosa zinc/lead/silver project, US – update
17th May 2024 By: Sheila Barradas

The federal permitting process has started. 


Core samples from the Tulu Kapi project
Tulu Kapi gold project, Ethiopia – update
17th May 2024 By: Sheila Barradas

The remaining finance syndicate approval process is on track for final approvals. 


Shirley Hayes
Shirley Hayes appointed executive chairperson of Copper 360
16th May 2024 By: Creamer Media Reporter

JSE-listed Copper 360 has appointed Shirley Hayes executive chairperson. Until now, she had served as nonexecutive chairperson. The copper producer says the change to her position comes as the... 


The recruitment of new non site-based permanent employees and contractors has been stopped.
Anglo unveils hiring freeze, document shows, after rejecting $43bn takeover bid
16th May 2024 By: Reuters

Anglo American has suspended hiring globally, it said on Thursday, as it gets plans under way to simplify itself and build value – and avert a $43-billion takeover bid by Australia's BHP. Anglo... 


Saudi’s new mining vehicle picks industry veteran as first CEO
16th May 2024 By: Bloomberg

Saudi Arabia’s Manara Minerals Investment hired veteran dealmaker Pierre Chenard to be its first permanent CEO as the mining investment firm searches for more assets. Manara, backed by the Saudi... 


GreenTech and Anax to collaborate on West Pilbara copper
GreenTech and Anax to collaborate on West Pilbara copper
16th May 2024 By: Creamer Media Reporter

Pilbara-focused GreenTech Metals and Anax Metals on Thursday unveiled a nonexclusive memorandum of understanding (MoU) to assess the potential for a copper-focused base metals collaboration. The... 


Pilbara Minerals' Pilgan plant
AustralianSuper boosts critical minerals to A$12bn
16th May 2024 By: Bloomberg

AustralianSuper, the nation’s largest pension fund, has amassed a A$12-billion critical minerals portfolio that it plans to increase in the next five years. The A$335-billion fund is poised to... 


Trafigura, IXM caught in Comex copper short squeeze as prices hit record
15th May 2024 By: Reuters

Commodity traders Trafigura and IXM are seeking physical copper to cover large bearish positions on the CME, where US copper prices surged to record highs on Wednesday, five sources with direct... 


A BHP office building
BHP shareholders see room for one more sweetened Anglo bid
15th May 2024 By: Bloomberg

Shareholders in BHP Group and takeover target Anglo American expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the... 


Codelco working to meet Q2 production goal, CEO says
15th May 2024 By: Reuters

Chilean mining giant Codelco is still working to meet its estimated output for the second quarter, CEO Ruben Alvarado told Reuters, as the State-run copper miner is pushing to boost production up... 


Indigenous group to take fight against Arizona copper mine to Supreme Court
Indigenous group to take fight against Arizona copper mine to Supreme Court
15th May 2024 By: Reuters

A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the US Supreme Court, after a federal appeals court refused to reconsider whether... 


Anglo American logo
Execution risk to Anglo’s restructure plan substantial – WoodMac
15th May 2024 By: Darren Parker

Mining major Anglo American has accelerated its portfolio planning in the wake of rejecting fellow mining major BHP’s second bid proposal of $42.2-billion (£34-billion), or £27.70 a share, in a... 


Gold Fields to earn into Killi’s West Tanami project
15th May 2024 By: Creamer Media Reporter

Exploration junior Killi Resources has announced an option and joint venture (JV) agreement with global miner Gold Fields, which has agreed to spend up to A$13-million for an 85% interest in the... 


Cobalt on a conveyor belt
US blames China’s CMOC for predatory tactics behind cobalt glut
15th May 2024 By: Bloomberg

China’s CMOC Group is being accused by a top US official of using “predatory” tactics to depress prices of a key battery metal by flooding the market with cobalt from Democratic Republic of Congo... 


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... 


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.... 


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... 


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... 


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