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Mining

Pan African FD Marileen Kok
Pan African appoints Kok as FD
1st October 2024 By: Creamer Media Reporter

Midtier gold producer Pan African Resources has appointed Marileen Kok FD as a member of the board's social and ethics committee, with effect from October 1. She will also be appointed as a... 


A mine near the town of Rubaya in the DRC
UN says Congo rebels generating $300 000 monthly in seized mining area
1st October 2024 By: Reuters

Rebels in eastern Democratic Republic of Congo (DRC) have consolidated control over the Rubaya coltan mining region, imposing a production tax estimated to generate around $300 000 in monthly... 


Ore stockpiles at Loulo-Gounkoto in Mali
Barrick Gold and Mali government to find resolution for Loulo, Gounkoto gold mines
1st October 2024 By: Reuters

Barrick Gold Corp and the Mali government have decided to find a resolution to existing claims and disputes over the Loulo and Gounkoto gold mines in the West African country, the company said on... 


Copper output at Freeport's Manyar smelter delayed until November
1st October 2024 By: Reuters

Copper production at Freeport-McMoRan's new giant Manyar smelter in Indonesia will be delayed until November due to water and steam leakage during an initial test period, two sources with knowledge... 


Savannah Resources delays start of Portuguese lithium production to 2027
Savannah Resources delays start of Portuguese lithium production to 2027
1st October 2024 By: Reuters

ondon-based Savannah Resources has delayed the expected start date for production of its lithium project in northern Portugal to 2027, it said on Monday, blaming changes in government. The... 


Goldman Sachs raises gold price forecast to $2 900/oz for early 2025
Goldman Sachs raises gold price forecast to $2 900/oz for early 2025
30th September 2024 By: Reuters

Goldman Sachs on Monday raised its gold price forecast to $2 900/oz from $2 700/oz for early 2025 citing gradually rising ETF flows with interest rate cuts in the West and China, and higher central... 


Magnetic raises A$10m to advance Lady Julie gold project
30th September 2024 By: Creamer Media Reporter

ASX-listed Magnetic Resources on Monday announced the successful completion of a A$10-million single placement to sophisticated and institutional investors. The placement, which was oversubscribed,... 


Lincoln submits EOI for South Australian green steel strategy
30th September 2024 By: Creamer Media Reporter

ASX-listed Lincoln Minerals has lodged a comprehensive submission with the South Australian government as part of its Green Iron and Steel Strategy expression of interest (EOI) process, aiming to... 


Cyprium cements commercial partnership with Glencore
Cyprium cements commercial partnership with Glencore
30th September 2024 By: Mariaan Webb

ASX-listed Cyprium Metals has closed a senior secured loan facility and executed an offtake agreement with Glencore, cementing its commercial partnership with the commodities major. Glencore will... 


UAE firm signs MoU with PIC to advance South Africa’s mining, green energy, transport and logistics sectors
30th September 2024 By: Darren Parker

United Arab Emirates (UAE) diversified natural resources company International Resources Holding (IRH) has signed a memorandum of understanding (MoU) with South Africa's State-owned Public... 


Codelco chairperson Maximo Pacheco
Codelco plans to inject almost $6bn into projects next year
30th September 2024 By: Reuters

Chile's Codelco is planning to invest nearly $6-billion next year in its pipeline of projects, about $1-billion more than the state-owned mining giant had previously estimated, its chairman Maximo... 


Blyvoor Gold Mine, west of Johannesburg.
Blyvoor gold mine expects to ramp up to 80 000 oz in three years – Aurous
30th September 2024 By: Martin Creamer

Blyvoor gold mine on Johannesburg’s West Rand has sold 16% more gold to the end of August, Aurous Gold stated in a mid-year release on Monday. Gold production for the fiscal 2025 half-year to the... 


Omnia employees receive R45m payout through broad-based share scheme
30th September 2024 By: Sabrina Jardim

JSE-listed chemicals group Omnia Holdings this week announced the vesting of its broad-based employee share scheme, amounting to R45-million.  Omnia says the scheme, established in 2021, gave 300... 


Schneider Electric, Harmony to upgrade Moab Khotsong Centre instrumentation workshop
30th September 2024 By: Schalk Burger

Energy management and automation company Schneider Electric and gold mining company Harmony Gold have formed a strategic partnership to upgrade the instrumentation workshop of the Harmony Moab... 


Jupiter remains focused on optimising operations, furthering ESG initiatives
30th September 2024 By: Sabrina Jardim

While market conditions for manganese are expected to remain challenging in the short term, the longer-term outlook for sustained growth in the demand for manganese is strong, says ASX-listed... 


Copper takes top spot again as best prospect at LME seminar
30th September 2024 By: Reuters

Copper was the sweeping choice for the industrial metal with the best outlook for higher prices, attendees at a London Metal Exchange (LME) event said on Monday. Copper got 46% of votes in an... 


MC Mining reports widened losses
30th September 2024 By: Sabrina Jardim

Coal miner MC Mining has reported loss after tax of $14.6-million for the financial year ended June 30, a 232% increase on the $4.4-million loss reported for the previous financial year. Non-cash... 


BHP chief commercial officer Rag Udd
$250bn investment needed to meet copper supply gap over next decade – BHP
30th September 2024 By: Mariaan Webb

Diversified commodities major BHP has warned that the world will need $250-billion in investment over the next decade to bridge the growing gap between copper supply and surging demand. As the... 


Deep Yellow appoints project delivery head
30th September 2024 By: Sabrina Jardim

ASX-listed Deep Yellow has appointed Jim Morgan as project delivery head. He will take on the role of project director for Deep Yellow’s flagship Tumas project, in Namibia. A final investment... 


India, US likely to sign pact on critical minerals, sources say
30th September 2024 By: Reuters

India and the United States are likely to sign an initial pact for cooperation on critical minerals this week, two government sources said, as the two countries try to bolster trade ties despite... 


Aterian proves copper/silver mineralisation at Morocco project
30th September 2024 By: Darren Parker

LSE-listed Aterian has announced the completion of a scout reverse circulation (RC) drilling programme at its 100%-owned 34.5 km2 Agdz copper/silver project, in Morocco's eastern Anti-Atlas... 


Coal producer JSW not interested in taking over any PGG deposits
30th September 2024 By: Reuters

Poland's biggest coking coal producer JSW is currently not interested in taking over any mining deposits from Polska Grupa Gornicza, said Adam Rozmus, the company's vice-president for technical... 


Jonathan Price
Teck CEO says to remain focused on organic growth
30th September 2024 By: Reuters

Canadian miner Teck Resources will focus on organic growth as there is a risk of paying too high a premium for takeovers, its CEO said on Monday. CEO Jonathan Price said the company is developing... 


Iron-ore soars to near three-month high on China's fresh property stimulus
30th September 2024 By: Reuters

Iron ore futures surged to a near three-month high on Monday, propelled by improving demand outlook on the back of top consumer China's latest property stimulus and a raft of monetary easing... 


Barrick awards Metso €70m contract for copper processing technology at Lumwana
30th September 2024 By: Darren Parker

Gold and copper miner Barrick Gold has awarded mineral processing technology company Metso an order for the supply of copper concentrator plant equipment to its Lumwana expansion project in the... 


Western Copper appoints new chairperson
30th September 2024 By: Creamer Media Reporter

TSX- and NYSE American-listed Western Copper and Gold has announced the appointment of Raymond Threlkeld as chairperson. Threlkeld, who joined the board in June this year, succeeds Bill Williams,... 


Access to low-cost, green energy makes Quebec a prime location for lithium conversion.
Lithium Universe unveils plans for Quebec refinery project
30th September 2024 By: Mariaan Webb

Australian company Lithium Universe is progressing its strategy to address the “lithium conversion gap” in North America by establishing a Canada-based lithium chemicals operation. The company... 


Gold refining
Tanzania orders gold dealers to reserve 20% for purchase by central bank
30th September 2024 By: Reuters

Tanzania's mining regulator has ordered all mining firms and traders exporting gold to allocate at least 20% of the commodity for sale to the central bank to bolster the bank's move to diversify... 


Inaugural shipment of Kathleen Valley spodumene concentrate sets sail
Inaugural shipment of Kathleen Valley spodumene concentrate sets sail
30th September 2024 By: Mariaan Webb

Australian lithium producer Liontown Resources has successfully loaded and dispatched its inaugural shipment of spodumene concentrate from its flagship Kathleen Valley operations, in Western... 


Panama Finance Minister Felipe Chapman
Panama sees exports of stockpiled First Quantum copper as viable
30th September 2024 By: Bloomberg

Panama’s finance chief said he sees no good reason why First Quantum Minerals shouldn’t export the large volume of copper stockpiled at its shuttered mine in the country. The government is working... 


Freeport cranks up copper output as rivals scour for deals to grow
Freeport cranks up copper output as rivals scour for deals to grow
30th September 2024 By: Reuters

Freeport-McMoRan is turbo-charging its copper output across three continents with no plans to join a buyout frenzy sweeping the mining industry, a strategy that analysts say positions the company... 


Australia revises down commodity revenue forecasts as prices trend lower
Australia revises down commodity revenue forecasts as prices trend lower
30th September 2024 By: Reuters

Australia slightly revised down its forecasts for resource and energy export earnings on Monday as lower prices across a broad range of commodities and a stronger currency continued to pressure a... 


Chile Mining Minister Aurora Williams
Chile pinpoints new lithium areas for private-sector development
27th September 2024 By: Bloomberg

Chile has identified new lithium areas that will be offered to the private sector as authorities attempt to tap more of the world’s biggest reserves of the battery metal, despite a current glut in... 


Iron-ore rallies back above $100 as China’s vows boost outlook
27th September 2024 By: Mariaan Webb

Iron-ore headed for the biggest weekly gain since April — with futures topping $100 a ton — after policymakers in China unveiled a blitz of initiatives to support growth in the world’s largest user... 


Australian Treasurer Jim Chalmers
China stimulus likely to boost Australian economy, Chalmers says
27th September 2024 By: Bloomberg

Australian Treasurer Jim Chalmers hailed China’s new stimulus effort as a “really welcome development” for both his nation and the global economy after meetings with counterparts in Beijing during... 


Flynn Gold secures grant funding for Golden Ridge exploration
27th September 2024 By: Creamer Media Reporter

ASX-listed Flynn Gold has been successful with two applications in Round 10 of the Tasmanian state government’s exploration drilling grant initiative (EDGI). The successful applications will... 


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