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Copper extends gains on signs Chinese economy in recovery mode
Copper extends gains on signs Chinese economy in recovery mode
5th November 2024 By: Bloomberg

Copper rose for a third day on positive Chinese economic data and hopes Beijing will unveil more economic support measures. The industrial metal has rallied more than 2% since the close on... 


underground mining machines
Minerals Council notes easing of mining input cost increases in September
5th November 2024 By: Darren Parker

The Minerals Council South Africa’s index for mining input costs showed continued easing in September, with a year-on-year increase of 3.6%, down from 5.2% in August. This downward trend is... 


Pan African Resources CEO Cobus Loots
Pan African acquires remaining stake in Australian gold miner TCMG
5th November 2024 By: Darren Parker

Mid-tier gold producer Pan African Resources has acquired the remaining 92% of Tennant Consolidated Mining Group (TCMG) in Australia. The company disclosed on November 5 that the acquisition was... 


Gem Resources processes 5 500 t of ore following Gravelotte restart
5th November 2024 By: Sabrina Jardim

London-listed Gem Resources, formerly URA Holdings, has reported that Phase 1 of the restart at the Gravelotte emerald mine, in Limpopo, South Africa, has been under way for about six months.... 


Akobo issues NKr25.3m unsecured convertible loan
5th November 2024 By: Darren Parker

Scandinavia-based gold developer Akobo Minerals, which owns and operates the Segele gold mine, in Ethiopia, has issued an unsecured convertible loan totalling NKr25.3-million with contributions... 


Wia undertakes A$30m placement to drive further growth at Namibia project
5th November 2024 By: Tasneem Bulbulia

ASX-listed Wia Gold has received firm commitments from new and existing shareholders, including institutional and sophisticated investors, for a A$30-million placement of 200-million new fully paid... 


Sibanye-Stillwater CEO Neal Froneman
Sibanye-Stillwater reports 9% y/y growth in adjusted earnings for third quarter
5th November 2024 By: Darren Parker

Diversified miner Sibanye-Stillwater has announced a 9% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $184-million for the third... 


Highland Valley is Canada's biggest copper mine.
Teck to boost copper output to 800 000 t/y by 2030
5th November 2024 By: Mariaan Webb

Vancouver-based Teck Resources will today outline its investment pathway to grow copper production to 800 000 t/y before the end of the decade. Teck president and CEO Jonathan Price and members of... 


IDC COO Joanne Bate
Green-hydrogen secretariat being set up at IDC as single point of contact for public and private coordination
5th November 2024 By: Terence Creamer

South Africa’s Industrial Development Corporation (IDC) is in the process of setting up the institutional capacity to house the Green Hydrogen Just Energy Transition (JET) Secretariat, which is... 


Gold steady as market holds breath before tight US election
Gold steady as market holds breath before tight US election
5th November 2024 By: Bloomberg

Gold was steady as the market braced for a tight US election, and a Federal Reserve rate decision later in the week. Uncertainty around the presidential vote on Tuesday has aided bullion in the... 


St Barbara raises A$110m to accelerate Simberi expansion
St Barbara raises A$110m to accelerate Simberi expansion
5th November 2024 By: Mariaan Webb

Australia’s St Barbara on Tuesday announced plans to raise up to A$110-million to fast track the expansion of its Simberi gold mining operation, in Papua New Guinea. St Barbara aims to accelerate... 


Canada proposes sharp cut in oil and gas sector emissions by 2030
5th November 2024 By: Reuters

The Canadian government on Monday released draft regulations that would cap emissions of greenhouse gases from the oil and gas sector by 35% from 2019 levels, slightly less than initially... 


FireFly to step up regional exploration as it grows Green Bay holding
FireFly to step up regional exploration as it grows Green Bay holding
4th November 2024 By: Mariaan Webb

ASX-listed exporer FireFly Metals on Monday announced a transaction to buy the Tilt Cove exploration property, in Newfoundland, Canada, from TSX-listed Signal Gold. The transaction will add a... 


FBM sells Nevada lithium project to focus on WA assets
4th November 2024 By: Creamer Media Reporter

Australian firm Future Battery Minerals (FBM) has announced the sale of its 80% interest in the Nevada lithium project to a Texas-headquartered company for A$4-million in cash. This sale will... 


Spartan sells noncore gold projects to Benz Mining
4th November 2024 By: Mariaan Webb

Gold company Spartan Resources has reached an agreement to sell two noncore gold projects in Western Australia to fellow ASX-listed Benz Mining for A$15.6-million in cash and scrip. “The Glenburgh... 


Kamoa-Kakula achieved record copper production of 41 800 t in October
4th November 2024 By: Sabrina Jardim

Canadian mining company Ivanhoe Mines has reported that the Phase 1, 2, and 3 concentrators at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) achieved a combined monthly... 


Orion Minerals corporate communications and investor relations executive Avishkar Nagaser
Orion appoints corporate communications, investor relations exec
4th November 2024 By: Sabrina Jardim

ASX- and JSE-listed Orion Minerals has appointed Avishkar Nagaser corporate communications and investor relations executive. Nagaser was previously investor relations and corporate affairs... 


Rob Krcmarov
New CEO for US silver miner Hecla
4th November 2024 By: Mariaan Webb

The biggest silver producer in the US, Hecla, has a new president and CEO. The NYSE-listed company on Monday announced Rob Krcmarov as president and CEO, succeeding Cassie Boggs, who served in an... 


Drilling begins at Tertiary Minerals' Zambia project
4th November 2024 By: Sabrina Jardim

Aim-listed Tertiary Minerals has begun drilling at the Mukai copper project, in Zambia. The company notes that it has received approval from the Department of Forestry to conduct further mineral... 


Anglo American CE Duncan Wanblad.
Anglo agrees terms for sale of minority interest in coal mines for billion dollars-plus
4th November 2024 By: Martin Creamer

Copper-, iron-ore- and crop-nutrient-focused Anglo American reported on Monday that it expects to complete the sale of a minority interest it holds in an Australian steelmaking coal business in the... 


pouring asphalt
AECI to sell Much Asphalt for R1.1bn
4th November 2024 By: Darren Parker

JSE-listed AECI has announced the signing of a share purchase agreement with a consortium involving Old Mutual Private Equity (OMPE) and Sphere Investments to sell its entire ownership stake in... 


Copper smelting
Zambia stake-boosting mining plan won’t touch existing projects
4th November 2024 By: Bloomberg

Zambia’s plans to take bigger stakes in some mining projects won’t impact existing operations in the country, including exploration activities, according to a senior government official. The mines... 


O3 bolsters presence along Casa Berardi trend
4th November 2024 By: Creamer Media Reporter

TSX-V-listed O3 Mining has announced its acquisition of the Lac Esther property from Midland Exploration, enhancing its foothold in the Casa Berardi trend. The property is strategically located... 


Indigenous-led impact assessment initiative for Springpole
Indigenous-led impact assessment initiative for Springpole
4th November 2024 By: Mariaan Webb

Canadian project developer First Nation Mining said last week that it had entered into a “process agreement” with Cat Lake First Nation and Lac Seul First Nation that will provide capacity to... 


Energy Fuels sees FY uranium output at lower-end of guidance
Energy Fuels sees FY uranium output at lower-end of guidance
4th November 2024 By: Mariaan Webb

US-based uranium producer Energy Fuels expects production for 2024 to fall at the lower end of its previously guided 150 000 lb to 500 000 lb of uranium oxide (U3O8), owing to delays in... 


Field activities completed at Altona’s Monte Muambe
4th November 2024 By: Darren Parker

LSE-listed Altona has completed all field activities relating to a scoping study on short-term fluorspar mining at Monte Muambe, in Mozambique. The results of the study are expected to be available... 


Rome Resources appoints chairperson
4th November 2024 By: Sabrina Jardim

Aim-listed Rome Resources has appointed Klaus Eckhof as director and nonexecutive chairperson. "I am delighted to be joining the board at this exciting time for the business. I look forward to... 


An image showing the Achmmach tin project in Morocco
Atlantic Tin announces resource upgrade at Morocco project
4th November 2024 By: Tasneem Bulbulia

Australian company Atlantic Tin has announced a resource upgrade for the Achmmach tin project, in Morocco, to 39.1-million tonnes at 0.55% tin for a total of 213 000 t of contained tin. This... 


Aura appoints Mauritania country manager
4th November 2024 By: Darren Parker

ASX- and Aim-listed Aura Energy has announced the appointment of Mohamed El Moctar Mohamed El Hacene to the newly established role of country manager Mauritania. Hacene is a qualified Mauritanian... 


Copper and other metals rise as dollar falls before US vote
Copper and other metals rise as dollar falls before US vote
4th November 2024 By: Bloomberg

Copper, aluminum and other base metals rose as the dollar weakened ahead of the US Presidential election day on Tuesday. A gauge of the US currency dropped as investors walked back bets on Donald... 


Patrice Motsepe
ARM companies deny breach, see no merit in claims
4th November 2024 By: Bloomberg

South African billionaire Patrice Motsepe and his associate companies are being sued for $195-million in Tanzania, with one of the biggest suits to appear in front of the country’s commercial court... 


Chris Ellison
Mineral Resources says Ellison to step down after probe
4th November 2024 By: Bloomberg

Mineral Resources said its tycoon founder, Chris Ellison, will be penalised A$8.8-million and will step down within 18 months after the Australian miner launched an investigation into undeclared... 


Vladimir Potanin
Rusal raises bar in Nornickel dispute with fresh claims against Potanin
4th November 2024 By: Reuters

Aluminium giant Rusal has added fresh claims to its legal dispute against Russian billionaire Vladimir Potanin, CEO and largest shareholder of metals producer Nornickel, court documents seen by... 


Botswana President Duma Boko (right)
Botswana's new President aims to clinch De Beers diamond sales pact soon
4th November 2024 By: Reuters

Botswana's new president, Duma Boko, said on Friday he wanted to conclude talks for a new sales pact with global diamonds giant De Beers as soon as possible. De Beers, a unit of mining company... 


Canada to unveil long-awaited plan for emissions cap on oil and gas sector
Canada to unveil long-awaited plan for emissions cap on oil and gas sector
4th November 2024 By: Reuters

Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly... 


Former Sasol, RBPlat CFO Hanré Rossouw
Former Sasol, Royal Bafokeng Platinum CFO now leading Madagascar graphite advance
1st November 2024 By: Martin Creamer

As the new president and CEO of the Canada-listed NextSource Materials – which is chaired by former South African mining luminary and one-time Eskom finance director Sir Mick Davis – the ex-Sasol... 


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