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Harmony's Mponeng gold mine.
Booming Harmony ups full-year output and grades; lowers cost and capital guidance
30th April 2024 By: Martin Creamer

Execution and preparatory work on key gold projects are on track in South Africa, and early works on the copper project in Australia are to commence, Harmony Gold reported on Tuesday. In South... 


FIRB approves Azure takeover by SQM and Hancock
30th April 2024 By: Creamer Media Reporter

The Foreign Investment Review Board (FIRB) has approved the acquisition of ASX-listed Azure by SH Mining – a bid vehicle jointly owned by Sociedad Quimica y Minera de Chile (SQM) and Hancock... 


Mosaic CEO Bruce Bodine
Mosaic sells stake in Saudi JV for $1.5bn
30th April 2024 By: Creamer Media Reporter

US-based fertiliser company Mosaic on Tuesday announced the sale of its stake in a phosphate production venture to Saudi Arabia’s Ma’aden. Mosaic will receive 111.01-million shares of the Saudi... 


Resolute reports 'promising' start to 2024, despite lower first-quarter output
30th April 2024 By: Creamer Media Reporter

ASX- and LSE-listed Resolute Mining poured 76 351 oz of gold in the first quarter of this year, compared with the 80 037 oz poured in the fourth quarter of 2023. Despite the lower production, CEO... 


Mapungubwe Institute for Strategic Reflection executive director Joel Netshitenzhe
SA can climb towards 4% growth in coming years, if constraints are addressed
30th April 2024 By: Sashnee Moodley

Mapungubwe Institute for Strategic Reflection executive director Joel Netshitenzhe delivered the keynote address at the Black Business Summit on Monday, where he was optimistic of South Africa... 


welding and cutting training
NBI launches pragmatic Just Energy Transition Skilling for Employment Programme
30th April 2024 By: Marleny Arnoldi

With skills having been identified as a key cross-cutting requirement for the Just Energy Transition Implementation Plan (JET-IP), the National Business Initiative (NBI), together with the... 


The Uitkomst Colliery
MC Mining's Uitkomst Colliery increases quarterly output following turnaround plan
30th April 2024 By: Creamer Media Reporter

Run-of-mine (RoM) coal production at MC Mining's Uitkomst steelmaking and thermal coal mine, in South Africa, increased by 14% year-on-year to 115 909 t for the quarter ended March 31 – the third... 


MAC forecasts stronger Q2 performance, says CEO McMullen
MAC forecasts stronger Q2 performance, says CEO McMullen
30th April 2024 By: Mariaan Webb

Copper miner Metals Acquisition Limited (MAC) expects a rebound at the CSA mine in the second quarter following a softer performance in the initial quarter of the year. Despite encountering... 


Implats CEO Nico Muller
Implats platinum group metals output up amid robust demand but lacklustre pricing
30th April 2024 By: Martin Creamer

Platinum group metals (PGMs) mining and marketing company Implats on Tuesday reported higher production in a period characterised by robust demand but lacklustre PGM prices. “Despite continued... 


Sandfire announces maiden resource for new Botswana discovery
30th April 2024 By: Mariaan Webb

Australia-headquartered Sandfire Resources has unveiled potential for new copper and silver discovery in Botswana, with the announcement of a maiden resource estimate for the A1 deposit, about 20... 


Glencore CEO Gary Nagle
Glencore’s Rustenburg ferrochrome smelter remains idled
30th April 2024 By: Martin Creamer

Pending an improved price and cost environment, Glencore said in its first-quarter 2024 production report on Tuesday that its Rustenburg ferrochrome smelter in South Africa’s North West province... 


Gold Fields CFO takes early retirement
30th April 2024 By: Martin Creamer

Gold Fields long-serving CFO Paul Schmidt, who is also an executive director of the Johannesburg Stock Exchange-listed gold mining company, is to proceed on early retirement, the company stated in... 


Tietto asks investors to accept Zhaojin's offer or sell shares
30th April 2024 By: Reuters

Australia's Tietto Minerals has urged its shareholders to accept Zhaojin Mining's offer that values the firm at A$733-million or sell shares on-market if the market price is not materially... 


Anglo will hold its AGM in London on Tuesday
Anglo under pressure to reveal plans to fend off BHP as Elliott hikes stake
30th April 2024 By: Reuters

Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off bidder BHP, as activist investor Elliott further raised the stakes by increasing... 


Japanese to partner on Kalgoorlie nickel project
29th April 2024 By: Creamer Media Reporter

Japanese multinational companies Sumitomo Metal Mining (SSM) and Mitsubishi have thrown their weight behind the Kalgoorlie nickel project – Goongarrie hub, in Western Australia. ASX-listed Ardea... 


River Doce in Minas Gerais in 2022. The Samarco dam collapse destroyed land along the river's banks.
Vale, BHP propose $25bn settlement for Mariana disaster reparations
29th April 2024 By: Reuters

Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, which killed 19 people and... 


A truck moving ore at Vedanta's Konkola Copper Mines, in Zambia
Vedanta seeks deals with traders to help fund Zambia copper mine
29th April 2024 By: Bloomberg

Vedanta Resources has approached trading houses as it seeks to raise capital to revive the Konkola copper mining and smelting complex in Zambia. Billionaire Anil Agarwal’s Vedanta has discussed... 


An image of Herbert Smith Freehills director Ernst Müller
Herbert Smith Freehills promotes Ernst Müller to director in Johannesburg
29th April 2024 By: Tasneem Bulbulia

International law firm Herbert Smith Freehills is promoting Ernst Müller to director, with effect from May 1. Müller, who joined the firm as an associate in 2017, is a senior associate based in the... 


Red Rock to undertake work programmes at Burkina Faso project
29th April 2024 By: Tasneem Bulbulia

Aim-listed Red Rock Resources’ Bilbale gold project, in Burkina Faso, holds “significant potential”, consultant Dr Willem J Smuts has noted in a report. Smuts recently undertook a site visit to the... 


Ongoing Douta exploration efforts
Thor reports lower revenue, profits for 2023
29th April 2024 By: Darren Parker

Gold mining and exploration company Thor Explorations has reported a $24-million year-on-year decrease in revenue from $165.2-million in 2022 to $141.2-million for the year ended December 31, 2023.... 


BHP tells investors Anglo bid is 'on strategy', stresses discipline
BHP tells investors Anglo bid is 'on strategy', stresses discipline
29th April 2024 By: Reuters

BHP has told Australian investors privately that its $39-billion Anglo American bid is in line with its strategy and that it will be disciplined in its approach, two fund sources said. The world's... 


Indonesian miner eyes nickel assets as it shifts focus from coal
29th April 2024 By: Bloomberg

Indonesian coal company PT Harum Energy is looking to buy more nickel mines as it ceases further investment in fossil fuels in order to prepare for the energy transition. The miner plans to avoid... 


American Rare Earths’ Wyoming project sparks SPAC interest
American Rare Earths’ Wyoming project sparks SPAC interest
29th April 2024 By: Mariaan Webb

Australia-headquartered American Rare Earths has confirmed that its Halleck Creek project, in Wyoming, has captured the interest of a special purpose acquisition company (SPAC). However, the... 


An image showing the Sabodala-Massawa BIOX Expansion project, in Senegal
Endeavour achieves first gold pour at Senegal project expansion
29th April 2024 By: Tasneem Bulbulia

Senior gold producer Endeavour Mining announces that first gold pour at the Sabodala-Massawa BIOX Expansion project, in Senegal, took place on April 18, marking the successful delivery of the BIOX... 


URA starts production at Gravelotte emerald mine
29th April 2024 By: Tasneem Bulbulia

London-listed URA Holdings has started phased production at the Gravelotte emerald mine (GEM) in South Africa. Following the successful commissioning of the processing and sorting plants, phased... 


Silvercorp expands reach with C$200m Adventus acquisition
Silvercorp expands reach with C$200m Adventus acquisition
29th April 2024 By: Mariaan Webb

In a move aimed at diversification, Canadian mining firm Silvercorp has announced a C$200-million deal to venture into Ecuador, just weeks after missing out on acquiring control of Tanzania-focused... 


The Canadian Malartic operation in Quebec
Exploration efforts yield promising results for Agnico Eagle
29th April 2024 By: Mariaan Webb

Precious metals miner Agnico Eagle is reaping the rewards of its relentless exploration endeavours, with recent drilling campaigns yielding remarkable results across key gold projects in Canada.... 


Saudi Arabia set on securing lithium for EV ambitions
Saudi Arabia set on securing lithium for EV ambitions
29th April 2024 By: Reuters

Saudi Arabia is committed to sourcing lithium from overseas as it looks to produce EV batteries and invest in the electric vehicle sector, a senior minister said in an interview, noting attempts to... 


State-owned groups Eskom and Transnet have impaired mining productivity with unreliable power supply and a lack of trains to move mineral exports.
BHP’s South Africa snub an indictment of ANC, DA says
29th April 2024 By: Bloomberg

BHP Group’s bid to spin off Anglo America’s South African assets as part of a takeover proposal shows how the economic policies of the ruling African National Congress (ANC) have undermined... 


BHP's Spence copper mine, in Chile
BHP mega bid and $10 000 copper expose mining’s biggest problem
29th April 2024 By: Bloomberg

Copper’s surge to $10 000 a ton just days after the bombshell news that BHP Group is trying to buy Anglo American is highlighting a core disconnect at the heart of the industry: miners just aren’t... 


The Woodsmith project, in the UK
BHP’s bid for Anglo casts cloud over $9bn fertiliser mine
29th April 2024 By: Bloomberg

BHP Group’s proposal for a $39-billion takeover of rival Anglo American is all about securing plenty of copper supplies — so now, the potential deal is throwing uncertainty over the future for... 


The Mogalakwena mine in South Africa
BHP considering improved proposal for Anglo American, sources say
29th April 2024 By: Reuters

BHP Group is considering making an improved offer for Anglo American after its $39-billion initial proposal was rejected by the London-listed miner, a source familiar with the matter told Reuters.... 


Copper hits $10 000/t as bulls predict looming deficit
Copper hits $10 000/t as bulls predict looming deficit
26th April 2024 By: Reuters

Copper hit $10 000 a ton for the first time in two years as speculation builds that the world’s mines will struggle to meet a coming wave of demand from green industries. The metal reclaimed its... 


World Platinum CEO Trevor Raymond at Shanghai Platinum Week 2023.
Shanghai Platinum Week: Hydrogen’s going to feature big, says World Platinum Investment Council
26th April 2024 By: Martin Creamer

The growth in demand for platinum applications in China is extremely high, making detailed access to the China market hugely advantageous. Providing this detailed access from July 8 to 11 will be... 


BHP seeks to break mining’s M&A curse with thorny Anglo deal
BHP seeks to break mining’s M&A curse with thorny Anglo deal
26th April 2024 By: Bloomberg

The last time BHP Group took a swing at another major miner, it was Rio Tinto back in 2007. That could have been a blockbuster $150-billion takeover, but with metals prices crashing as the... 


An image of Implats CEO Nico Muller
Implats' proposed restructuring puts 3 900 jobs at risk
26th April 2024 By: Tasneem Bulbulia

JSE-listed Impala Platinum Holdings (Implats) has initiated a Section 189(3) consultation process at its South African operations, signalling thousands of potential job losses. Implats envisages a... 


Copper close to testing $10 000 as BHP bid points to supply risk
Copper close to testing $10 000 as BHP bid points to supply risk
26th April 2024 By: Bloomberg

Copper made a fresh push toward five digits as BHP Group’s blockbuster offer to buy Anglo American lent support to bulls who say the metal is headed for long-term shortages and high prices. The... 


Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer

Every Friday, SAfm’s radio anchor Sakina Kamwendo speaks to Martin Creamer, publishing editor of Engineering News & Mining Weekly. Reported here is this Friday’s At the Coalface transcript:... 


Glencore CEO Gary Nagle
Glencore seeks investment opportunities in Nigerian mining sector
26th April 2024 By: Reuters

ining and trading house Glencore will invest in Nigeria's mining sector if the government ensures a stable business climate, the company's CEO said on Thursday during a visit to Nigeria's minister... 


Nhlanhla Nene
Nene steps down as MC Mining chair
26th April 2024 By: Creamer Media Reporter

South Africa-focused coal company MC Mining on Friday announced the resignation of Nhlanhla Nene as director and chairperson of the board. Nene joined the company on April 11, 2022, initially... 


Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024

Mining Weekly Editor Martin Creamer unpacks Copper 360’s shares rising more than 26% after it shipped concentrates from the Northern Cape; Orion Minerals shares rocketing to 58% on the Australian... 


ASM CEO and MD Rowena Smith
ASM secures another financing letter of intent from Canadian agency
26th April 2024 By: Marleny Arnoldi

Credit agency Export Development Canada (EDC) has indicated in a conditional letter of interest that it will provide a direct lending debt funding package of up to A$400-million to ASX-listed... 


FACTBOX: Top deals in the global mining sector
FACTBOX: Top deals in the global mining sector
26th April 2024 By: Reuters

On Thursday, BHP Group bid $38.8-billion for smaller rival Anglo American, offering a deal to forge the world's biggest copper miner. Here is a list of some previous big-ticket deals in the mining... 


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