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The Mozal smelter
Mozal Aluminium starts rebuilding alumina stocks
19th December 2024 By: Creamer Media Reporter

Natural resources group South32 expects to rebuild alumina stocks at its Mozal Aluminium smelter, in Mozambique, over the coming days if trucking conditions remain favourable. A national election... 


A hydropower plant
Afreximbank signs private sector DRC hydropower project agreement
19th December 2024 By: Schalk Burger

Trade and development finance institution the African Export-Import Bank (Afreximbank) has signed a project preparation facility financing agreement for an up to 200 MW private-sector,... 


A Rio Tinto office
Rio Tinto shareholders call for resolution on review of dual-listed structure
19th December 2024 By: Reuters

Activist investor Palliser Capital and over 100 other shareholders on Thursday sought a resolution over a review of Rio Tinto's RIO.AX dual-listed model, in a bid to unify the miner's corporate... 


A brine pool
Saudi Arabia taps Aramco oil field brine in lithium battery push
19th December 2024 By: Bloomberg

Saudi Arabia is exploring projects that can produce lithium for batteries in an effort to ramp up production in the Middle Eastern oil exporter. The country, in the midst of revamping its economy... 


First Phosphate signs long-term offtake agreements
19th December 2024 By: Creamer Media Reporter

Mineral development company First Phosphate Corp has signed two long-term offtake agreements with creditworthy offtake partners with respect to its future production from operations at... 


An employee studying drill core
Dundee pleased with 'excellent' economics at Serbian gold project
19th December 2024 By: Creamer Media Reporter

TSX-listed Dundee Precious Metals will immediately proceed with a feasibility study at its Čoka Rakita gold project, in Serbia, after a prefeasibility study (PFS) demonstrated the project's... 


Sibanye-Stillwater CEO Neal Froneman
Sibanye inks $500m streaming agreement with Franco-Nevada
19th December 2024 By: Simone Liedtke

Multinational metals and mining group Sibanye-Stillwater has entered into a $500-million streaming agreement with Franco-Nevada (Barbados) Corporation, a subsidiary of Franco-Nevada Corporation.... 


The Shaakichiuwaanaan project
Volkswagen invests C$69m in Patriot Battery Metals
19th December 2024 By: Creamer Media Reporter

Vancouver-headquartered Patriot Battery Metals has entered into a subscription agreement with German carmaker Volkswagen for the sale of 15.58-million Patriot shares at C4.42 a share for aggregate... 


Lithium ore
Namibia investigates China’s Xinfeng for alleged illegal mining
19th December 2024 By: Bloomberg

Namibia’s Ministry of Mines and Energy is investigating Xinfeng Investments for alleged illegal mining in the lithium-rich Erongo region. The ministry is accusing the company, which has an... 


A lithium ore stockpile
Chile’s Enami eyes lithium license in boost to partner search
19th December 2024 By: Bloomberg

Chilean authorities are expected to grant Enami a lithium operating license by year-end, paving the way for the State company to secure partners to develop the project. All six local indigenous... 


Glencore in talks to sell its Philippine copper smelting unit
19th December 2024 By: Bloomberg

Glencore is in talks to sell its copper business in the Philippines as the metal’s smelting industry reels from the lowest processing fees on record. The commodities giant is discussions with at... 


An openpit coal mine
A glut of coal in China is set to push falling prices even lower
19th December 2024 By: Bloomberg

China’s booming coal production is running well ahead of demand at the onset of winter, leading to swelling inventories and plunging prices that analysts forecast will fall further. A gauge of... 


Northern Dynasty's Pebble mine
Trump advisers urge ending environmental reviews for mines receiving US funds
19th December 2024 By: Reuters

Advisers to incoming US President Donald Trump are recommending he waive environmental reviews for federally funded critical minerals projects to boost domestic production of materials used in... 


Graphite ore
Australian graphite firms petition US on alleged China dumping
19th December 2024 By: Reuters

 Australia's Novonix said on Thursday it had joined a petition urging US authorities to investigate China's alleged dumping of battery-grade graphite at unfair prices, potentially harming domestic... 


Fission Uranium's PLS project
Canada clears Paladin's $789m Fission Uranium takeover
19th December 2024 By: Reuters

Australia's Paladin Energy has received the final green light it needed from Canadian authorities to buy Fission Uranium in a C$1.14-billion ($789.1-million) deal that cements is position as a... 


India re-examining record Nov gold imports, sources say
19th December 2024 By: Reuters

The Indian government is re-examining a surge in gold imports that widened the country's trade deficit to a record in November and pushed the rupee to an all-time low, two government sources aware... 


Champion Iron CEO David Cataford
Nippon Steel, Sojitz to take 49% stake in Champion Iron's Canada project
19th December 2024 By: Reuters

Australia's Champion Iron said on Thursday Japanese steelmaker Nippon Steel and trading house Sojitz will buy a 49% stake in the company's Kami project in Canada for A$245-million ($152-million).... 


NUM, Exxaro sign three-year wage deal for Matla Colliery employees
18th December 2024 By: Creamer Media Reporter

Trade union the National Union of Mineworkers (NUM) has signed a three-year wage agreement with Exxaro Coal Mpumalanga (Matla Colliery), with the basic salaries of employees to increase by 6.5%... 


Barrick president and CEO Dr Mark Bristow.
Barrick seeks fair resolution in Mali through arbitration
18th December 2024 By: Martin Creamer

New York- and Toronto-listed Barrick Gold Corporation on Wednesday, December 18, confirmed that its operating entities in Mali, namely Société des Mines de Loulo SA and Société des Mines de... 


The water storage dam built at Etango
Bannerman reports good progress on Etango early works contracts
18th December 2024 By: Creamer Media Reporter

Early works construction activities at Australia- and Namibia-listed Bannerman Energy's Etango uranium project, in Namibia, are progressing well, with the 24-month bulk earthworks contract, awarded... 


Deep Yellow reports 18% increase in ore reserves at Tumas
18th December 2024 By: Creamer Media Reporter

ASX-listed Deep Yellow has updated the ore reserve estimate for its Tumas uranium project, in Namibia, reporting an 18% increase to 79.3-million pounds of uranium octoxide (U3O8) at 298 ppm. This... 


Horizon completes Pennys Find PFS, which confirms project’s viability
18th December 2024 By: Simone Liedtke

ASX-listed Horizon Minerals has completed the prefeasibility study (PFS) for the Pennys Find gold project, in Western Australia. The PFS confirms the project’s viability as a high-grade underground... 


The conveyor and Grindrod's Navitrade terminal
Grindrod achieves 2Mt coal throughput at its Navitrade terminal
18th December 2024 By: Creamer Media Reporter

Logistics group Grindrod has reached throughput of two-million tonnes of coal at its Navitrade terminal, in Richards Bay, with the support and collaboration of State-owned Transnet Port Terminals... 


Gold jewellery
Indians opt for lighter, lower carat jewellery as gold prices soar
18th December 2024 By: Reuters

Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said. "I wanted to gift my daughter 80 g of gold,... 


Idemitsu to take majority stake in Australian vanadium developer Vecco
18th December 2024 By: Reuters

Japan's Idemitsu Kosan 5019.T said on Wednesday it would increase its stake in Vecco Group to 50.1% from 14.7%, gaining a majority in the Australian vanadium developer as part of its expansion into... 


The Phase 1 Lionheart project area
Vulcan Energy signs €879m conditional debt commitment letter for European lithium project
18th December 2024 By: Creamer Media Reporter

Australia- and Frankfurt-listed Vulcan Energy has signed an €879-million conditional debt commitment letter with Export Finance Australia and a group of seven commercial banks for the financing of... 


July Ndlovu
July Ndlovu, Billy Mawasha join AECI board
18th December 2024 By: Creamer Media Reporter

Chemicals group AECI has appointed July Ndlovu and Billy Mawasha as nonexecutive directors of its board, with effect from July 1. "The addition of Mr Ndlovu and Mr Mawasha to the board of AECI is... 


BHP's South Flank mine
BHP served with class action proceedings over harassment allegations
18th December 2024 By: Creamer Media Reporter

Diversified miner BHP has been served with a representative class action proceeding that has been filed in the Federal Court of Australia in relation to allegations of sexual harassment and sex... 


Mandalay targeting gold production of up to 95 000 oz for 2025
18th December 2024 By: Simone Liedtke

TSX-listed Mandalay Resources Corporation is targeting consolidated gold-equivalent production of between 85 000 oz and 95 000 oz as part of its production and cost guidance for 2025. This includes... 


Coal held in hands
Ukraine's only coking coal mine continues to operate despite Russian troop offensive, sources say
18th December 2024 By: Reuters

Ukraine's only coking coal mine - key for its steel industry - is operating at 50% capacity as of Wednesday morning despite the proximity of advancing Russian forces, two Ukrainian industry sources... 


Global Atomic advancing uranium mine operations, first production expected in 2026
18th December 2024 By: Simone Liedtke

Uranium company Global Atomic Corporation is making significant strides towards achieving first production at its high-grade Dasa uranium mine, in Niger, by the first quarter of 2026. Despite... 


Metalloys in Meyerton, Gauteng.
Ferromanganese revival hopes raised by Competition Tribunal’s green light
18th December 2024 By: Martin Creamer

The Competition Tribunal approval of the acquisition of ferromanganese major Metalloys in Meyerton, Gauteng, is raising hopes of a revival of South Africa’s manganese alloy potential. Metalloys,... 


Gold Mountain reports revenue drop, third-quarter losses
18th December 2024 By: Simone Liedtke

Canadian exploration and development company Gold Mountain Mining experienced a sharp revenue decline in the third quarter of the 2025 financial year, with earnings falling to $594 404, compared... 


The 2 488 ct Motswedi
Lucara names 2 488 ct and 1 094 ct diamonds
18th December 2024 By: Creamer Media Reporter

Canada-headquartered Lucara Diamond Corp has named the 2 488 ct diamond recovered at its Karowe mine, in Botswana, in August Motswedi, which means a water spring or the flow of underground water... 


BHP CEO Mike Henry
BHP sees rising uncertainty for miners on trade as Trump returns
18th December 2024 By: Bloomberg

BHP Group, the world’s biggest miner, expects increasing uncertainty in the near term as US President-elect Donald Trump prepares to implement a slew of tariffs and other trade measures. “In the... 


Nouveau Monde's graphite mine
Nouveau Monde Graphite gets $50m to fund Quebec project
18th December 2024 By: Bloomberg

Nouveau Monde Graphite Inc. received $50 million from two government entities to help fund a production facility for electric-vehicle battery materials in Quebec. The equity investment comes as... 


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Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

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pqt: 2.449s - ct: 2.713s - 427pq - 2rq
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