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Kamoa-Kakula
Kamoa-Kakula sets new monthly copper production record
3rd December 2024 By: Darren Parker

The Phase 1, 2, and 3 concentrators at the Kamoa-Kakula copper complex in the Democratic Republic of the Congo (DRC) have set a new monthly production record in November, with TSX- and OTCQX-listed... 


Akobo’s November production covers costs
3rd December 2024 By: Tasneem Bulbulia

Scandinavia-headquartered and Ethiopia-focused gold exploration and mining company Akobo Minerals produced an estimated 8 kg of gold in November. This includes 6.5 kg of gold already smelted and... 


Lexington Gold identifies encouraging exploration target at Free State project
3rd December 2024 By: Tasneem Bulbulia

Aim-listed Lexington Gold is “encouraged” by the significant exploration target potential identified at its Ventersburg gold project in the Free, State, South Africa, chairperson Ed Nealon says in... 


Deutsche Bank sticks out among financiers of Peabody’s coal loan
3rd December 2024 By: Bloomberg

When Peabody Energy agreed to buy the coal assets of Anglo American, only one European lender joined the US investment bankers and private credit specialists financing the deal: Deutsche Bank.... 


Vale to produce up to 335Mt of iron-ore in 2025
Vale to produce up to 335Mt of iron-ore in 2025
3rd December 2024 By: Reuters

Brazilian miner Vale said on Tuesday it expects to produce between 325-million and 335-million metric tons of iron-ore in 2025, following an output of about 328-million tons this year. Vale, one... 


An image showing the Letšeng mine
Gem Diamonds announces extended life-of-mine plan, revolving credit facilities
3rd December 2024 By: Tasneem Bulbulia

London-listed Gem Diamonds has announced a revised life-of-mine plan for its Letšeng mine, in Lesotho, as well as a two-year extension to the group’s revolving credit facilities.  The revised plan... 


Miner RG Gold is said to consider stake sale to fund growth
3rd December 2024 By: Bloomberg

Kazakhstan miner RG Gold is considering a minority stake sale to help fund the development of projects in the central Asian country, according to people familiar with the situation. RG Gold is... 


Exxaro Financial Director Riaan Koppeschaar.
Global investor sentiment towards South Africa much better in 2024, Exxaro reports
3rd December 2024 By: Martin Creamer

Global investor sentiment towards South Africa improved significantly in 2024, Exxaro FD Riaan Koppeschaar reported on Tuesday, December 3. In a pre-close message for the financial year ending... 


An image showing the Barroso lithium project
Savannah secures potential $270m loan guarantee for Portugal lithium project
3rd December 2024 By: Tasneem Bulbulia

German export credit agency Euler Hermes has confirmed in a non-binding letter of interest the potential for a guarantee on a loan of up to $270-million for UK-headquartered Savannah Resources’... 


An image of Rio Tinto CEO Jakob Stausholm
Rio Tinto, Imperial College London launch centre to support global energy transition
3rd December 2024 By: Tasneem Bulbulia

Metals and mining corporation Rio Tinto and Imperial College London have launched the Rio Tinto Centre for Future Materials, as part of a programme aimed at accelerating the development of new... 


Rio Tinto completes sale of Lake MacLeod to Leichhardt
Rio Tinto completes sale of Lake MacLeod to Leichhardt
3rd December 2024 By: Creamer Media Reporter

Diversified mining group Rio Tinto on Monday completed the sale of Dampier Salt’s Lake MacLeod operation to Perth-based Leichhardt Industrials Group. The transaction, which was first announced in... 


Vital expands Nechalacho rare earths project footprint with new claims
Vital expands Nechalacho rare earths project footprint with new claims
3rd December 2024 By: Creamer Media Reporter

ASX-listed Vital Metals has expanded its Nechalacho rare earths project in the Northwest Territories, Canada, with the acquisition of three new mineral claims immediately north of the existing... 


Larvotto signs antimony offtake agreement with Wogen
3rd December 2024 By: Reuters

Larvotto Resources said on Monday it had signed a binding offtake agreement with trading house Wogen Resources for sales of its first seven years of antimony output at the Hillgrove project in New... 


Aya pours first silver at expanded Zgounder mine
Aya pours first silver at expanded Zgounder mine
3rd December 2024 By: Creamer Media Reporter

Canada-headquartered Aya Gold and Silver has poured first silver from its expanded Zgounder mine, in Morocco, bringing the company closer to the start of commercial production in the coming weeks.... 


Patriot Lithium strengthens copper focus with new Zambian option
3rd December 2024 By: Mariaan Webb

Australian-listed Patriot Lithium is deepening its focus on Zambia's copper-rich resources with a binding option agreement to acquire a 90% interest in the Kitumba exploration licences, located... 


Greatland-Newmont deal to close this week
Greatland-Newmont deal to close this week
3rd December 2024 By: Mariaan Webb

London-listed Greatland Gold is set to close its acquisition of Newmont’s Telfer and Havieron assets this week, positioning the company to become a significant Australian gold and copper producer.... 


Geologist Schwab appointed CEO of Stallion Uranium
3rd December 2024 By: Creamer Media Reporter

TSX-V-listed uranium exploration company Stallion Uranium has appointed Matthew Schwab as CEO. Schwab, a seasoned exploration geologist and executive, succeeds Drew Zimmermann, who will remain... 


Stephen Pearce
South32 appoints Pearce and Msimang as directors
3rd December 2024 By: Creamer Media Reporter

Diversified miner South32 on Tuesday announced the appointment of two new independent non-executive directors, Stephen Pearce and Mandlesilo (Mandla) Msimang, to its board. Both appointees would... 


Minas Rio in Brazil
Anglo American integrates Vale’s Serpentina resource into Minas Rio
3rd December 2024 By: Mariaan Webb

Diversified miner Anglo American has completed the transaction to incorporate the Serpentina iron-ore resource into its Minas-Rio operation in Brazil, the company announced on Monday. The deal,... 


Wolfsberg lithium project shifts into fast lane with EIA exemption
Wolfsberg lithium project shifts into fast lane with EIA exemption
2nd December 2024 By: Creamer Media Reporter

The Wolfsberg lithium project in Austria has taken a big step forward as ECM Lithium (ECM), a wholly owned subsidiary of Nasdaq-listed Critical Metals, received confirmation from the Carinthian... 


Duane Parnham
Madison acquires large Canadian antimony deposit
2nd December 2024 By: Creamer Media Reporter

Canadian critical minerals company Madison Metals announced on Monday that it had secured agreements with three entities to acquire a significant antimony/gold project located in the Howells Lake... 


John Welborn
Fenix set to become Athena’s biggest shareholder
2nd December 2024 By: Creamer Media Reporter

Iron-ore miner Fenix Resources has announced a significant investment in fellow ASX-listed Athena, positioning itself to become the company’s largest shareholder. Athena is focused on the Byro... 


Spartan doubles Pepper resource
2nd December 2024 By: Creamer Media Reporter

ASX-listed Spartan Resources has updated the mineral resource estimate (MRE) for the Pepper and Never Never gold deposits, part of its Dalgaranga gold project, in Western Australia. The firm... 


GoviEx proactive in its approach to ESG ahead of mining at Muntanga
2nd December 2024 By: Marleny Arnoldi

Canadian mining company GoviEx Uranium states in its latest ‘Sustainability 2024’ report that it is taking a precautionary approach to environment and social risks, devising strategies that... 


Platinum metals support every step of the green hydrogen fuel cell economy.
Platinum demand outlook lifted higher by series of new global hydrogen fuel cell buildouts
2nd December 2024 By: Martin Creamer

The outlook for platinum group metals (PGM) demand has been uplifted by a series of new developments in the field of platinum-catalysed green hydrogen generation as well as concomitant fuel cell... 


Infinity shareholders approve Cangai project acquisition
2nd December 2024 By: Creamer Media Reporter

The shareholders of Infinity Mining have approved the acquisition of the Cangai copper project in New South Wales, paving the way for the company to acquire the asset from Castillo Copper. The... 


Iamgold reclaims 70% stake in Côté Gold
Iamgold reclaims 70% stake in Côté Gold
2nd December 2024 By: Creamer Media Reporter

Toronto-listed Iamgold on Monday announced that it had exercised its right to repurchase a 9.7% interest in the Côté gold mine from Sumitomo Metal Mining, effectively returning to its full 70%... 


Aterian reports positive fieldwork results from Morocco project
2nd December 2024 By: Tasneem Bulbulia

London-listed Aterian has reported more positive results on the recent fieldwork conducted on its Tata copper project, in the western Anti-Atlas Mountains of Morocco, with additional copper... 


De Beers capitulates on diamond strategy with big price cuts
De Beers capitulates on diamond strategy with big price cuts
2nd December 2024 By: Bloomberg

De Beers has cut diamond prices by more than 10% across the board as the world’s biggest producer abandons attempts to put a floor under the slumping market. The diamond industry has been struck... 


Zinc’s wild week may signal volatile era as supplies squeezed
Zinc’s wild week may signal volatile era as supplies squeezed
2nd December 2024 By: Bloomberg

Zinc could see more sharp price swings as growing tightness along the metal’s supply chain leaves buyers exposed to sudden changes in availability. The material used to galvanize steel had a... 


Shares in Green Minerals fall 40% after Norway stops deep-sea mining
2nd December 2024 By: Reuters

Shares in Norwegian sea bed mining start-up Green Minerals fell by 40% on Monday after the government scrapped a first licensing round for deep-sea mining in return for support for its annual... 


Bridge weight restrictions to impact Man Choch trucking operations
2nd December 2024 By: Creamer Media Reporter

Alaska gold miner Contango has provided its 2025 gold production guidance, reaffirming expectations for strong cash flow despite facing rising operating costs at its Manh Choh mine. While the... 


tormin mine
Mineral Sands Resources suspends operations at Tormin as it seeks funding
2nd December 2024 By: Darren Parker

The business rescue practitioners (BRPs) of Mineral Sands Resources (MSR) are seeking funding solutions following an urgent claim from the Tormin mine’s post commencement funding (PCF) provider.... 


Thor announces further positive drilling results at Nigeria project
2nd December 2024 By: Tasneem Bulbulia

Aim- and TSX-V-listed Thor Explorations has announced further positive results from the initial proof-of-concept drilling programme that targets the down-plunge potential beneath the current... 


Lithium Argentina leaves Canada to establish domicile in Switzerland
Lithium Argentina leaves Canada to establish domicile in Switzerland
2nd December 2024 By: Mariaan Webb

TSX- and NYSE-listed Lithium Americas (Argentina) has announced plans to redomicile from Canada to Switzerland, a move designed to enhance the company’s growth prospects and financing flexibility.... 


Uranium developer Premier American president resigns
2nd December 2024 By: Creamer Media Reporter

TSX-V-listed Premier American Uranium has announced the resignation of David Suda as president of the company, with effect from December 1. Suda is resigning to pursue other opportunities, the... 


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Magazine round up | 13 December 2024
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