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Image of Minerals Council South Africa (MCSA) chief economist Hugo Pienaar
Mining industry to ‘push back strongly’ against Eskom’s proposed tariff hikes – Pienaar
7th November 2024 By: Irma Venter

South Africa’s mining industry will “certainly push back strongly” against Eskom’s proposed tariff hikes, says Minerals Council South Africa (MCSA) chief economist Hugo Pienaar. If granted, Eskom’s... 


DRDGOLD's Ergo plant showing solar panels and batteries.
DRDGOLD’s Ergo solar plant receives formal Eskom grid connection certificate
7th November 2024 By: Martin Creamer

The large solar electricity plant at DRDGOLD’s Ergo gold tailings retreatment operation has received a formal grid connection certificate from Eskom, Ergo reported ahead of flying journalists over... 


Eskom presenting at a previous public hearing
Nersa calls those wanting to make presentations on Eskom’s tariff hike to apply immediately
7th November 2024 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) has called on stakeholders wanting to make oral presentations on Eskom’s sixth multiyear price determination (MYPD6) to submit their requests... 


China’s commodities imports resilient as markets eye stimulus
China’s commodities imports resilient as markets eye stimulus
7th November 2024 By: Bloomberg

Chinese raw materials imports mostly rose year-on-year in October, according to customs data released Thursday, as demand remained resilient despite a slowing economy. The government’s measures to... 


Pueblo Viejo
Barrick Gold misses profit estimates on higher costs, lower Nevada production
7th November 2024 By: Reuters

Canada's Barrick Gold missed Wall Street estimates for third-quarter profit on Thursday, weighed down by higher costs and lower production at its Nevada mines. Total gold output at Nevada Gold... 


Jubilee achieves key milestones in advancing copper strategy, delivers strong PGM performance
7th November 2024 By: Sabrina Jardim

Diversified metals producer Jubilee Metals has reported organic growth in its South African operations, which the company says are now well-established and consistently delivering strong results.... 


Hummingbird faces buyout, Aim delisting amid financial constraints
7th November 2024 By: Sabrina Jardim

Aim-listed Hummingbird Resources and African investment company CIG’s wholly-owned subsidiary Nioko Resources Company have announced a proposed debt restructuring, a partial debt-to-equity... 


KWG grants consent for geotechnical programme supporting Northern Road link EIS
7th November 2024 By: Creamer Media Reporter

CSE-listed KWG Resources, operating as Canada Chrome Corporation, has granted its consent for the initiation of a geotechnical programme in support of the Northern Road Link environmental impact... 


Bisie tin mine
Alphamin posts record quarterly tin output
7th November 2024 By: Marleny Arnoldi

JSE- and TSX-V-listed Alphamin Resources has set a record for production - 4 917 t of contained tin - in the quarter ended September 30. This marks a 22% improvement on the preceding quarter. 


Hecla's Greens Creek mine
Hecla slashes 2024 silver guidance amid unplanned maintenance
7th November 2024 By: Mariaan Webb

NYSE-listed Hecla Mining, the largest silver producer in the US, has downgraded its 2024 silver production guidance following unplanned maintenance at its Greens Creek mine, in Alaska, and... 


The Port of Maputo
Grindrod suspends port operations in Mozambique after border closure
7th November 2024 By: Reuters

Logistics company Grindrod has suspended port and terminal operations in Mozambique after South Africa temporarily closed the main border with its northeastern neighbour over safety concerns after... 


NUM to sign wage agreement with Sibanye-Stillwater
7th November 2024 By: Sabrina Jardim

Labour union the National Union of Mineworkers (NUM) is set to sign a wage agreement on behalf of its members at the Sibanye-Stillwater gold operations, in South Africa, on November 8, in Boksburg,... 


Equinox’s newest and biggest mine achieves commercial production
Equinox’s newest and biggest mine achieves commercial production
7th November 2024 By: Mariaan Webb

Toronto-listed Equinox Gold has officially declared commercial production at its Greenstone mine, in Ontario. The announcement follows months of ramp-up operations, with the mine now progressing... 


US sets stage for second oil and gas auction in Alaska refuge
US sets stage for second oil and gas auction in Alaska refuge
7th November 2024 By: Reuters

The Biden administration took a key step toward holding a required sale of oil and gas leases in an Alaska wildlife refuge with the publication of a final environmental review, the Interior... 


Nutrien misses third-quarter profit estimates as lower crop prices weigh
7th November 2024 By: Reuters

Nutrien fell short of Wall Street expectations for third-quarter profit on Wednesday, as the fertilizer producer struggled with lower crop prices, sending US-listed shares of the company down 2.3%... 


Albemarle loses more than $1bn on falling lithium prices
Albemarle loses more than $1bn on falling lithium prices
7th November 2024 By: Bloomberg

Albemarle, the world's largest lithium producer, said on Thursday it lost more than $1 billion in the third quarter and that it would slash its capital budget amid a 71% drop in prices for the... 


Bolt Baatar
Rio Tinto exec asks Trump Administration to speed up permitting
7th November 2024 By: Reuters

US President-elect Donald Trump's new administration should focus on speeding up the permitting process to ensure there is enough copper for the energy transition, said a Rio Tinto executive on... 


Ionic announces MoU to establish Brazil magnet supply chain
6th November 2024 By: Creamer Media Reporter

ASX-listed Ionic Rare Earths is advancing its integration into the Brazilian magnet supply chain with the company’s Viridion joint venture (JV) with fellow listed Viridis Mining and Minerals... 


Carnavale divests noncore Leonora assets
6th November 2024 By: Mariaan Webb

Gold exploration and development company Carnavale Resources on Wednesday announced the planned sale of its E40/394 licence, near Leonora in Western Australia, to US-based KoBold. The sale formed... 


Poseidon-Encore tailings development unconditional
6th November 2024 By: Mariaan Webb

Perth-based Encore Minerals has cleared the final hurdles to proceed with a new project aimed at processing gold tailings at Poseidon Nickel's Windarra site. The development is based on Encore's... 


Commodity prices fall after Donald Trump elected US President
6th November 2024 By: Reuters

Commodities from oil and gas to metals and grains dropped on Wednesday as the dollar rallied and victory for Republican Donald Trump in the US presidential election stoked concerns about tariffs... 


Rio Tinto to trial battery swap electric haul trucks at Oyu Tolgoi
Rio Tinto to trial battery swap electric haul trucks at Oyu Tolgoi
6th November 2024 By: Creamer Media Reporter

Diversified miner Rio Tinto has entered into a collaboration with China’s State Power Investment Corporation (SPIC) to trial battery swap technology for electric haul trucks at its Oyu Tolgoi... 


Republican Presidential nominee former US President Donald Trump next to his wife Melania Trump.
Trump return will slow, not stop, US clean energy boom
6th November 2024 By: Reuters

Donald Trump's return to the White House will refocus the nation's energy policy onto maximising oil and gas production and away from fighting climate change, but the Republican win in Tuesday's... 


Blencowe now funded to see Orom-Cross DFS through to completion
6th November 2024 By: Marleny Arnoldi

London-listed emerging graphite miner Blencowe Resources has announced a retail offer through a bookbuild of new ordinary shares valued at £195 000, as well as the successful raising of... 


Dundee poised to maintain decade-long track record of meeting guidance
6th November 2024 By: Mariaan Webb

Toronto-listed Dundee Precious Metals (DPM) has announced strong third-quarter results, keeping the company on track to continue its ten-year track record of achieving its gold production and... 


Banks mull increasing Tulu Kapi debt package – Kefi
6th November 2024 By: Sabrina Jardim

Aim-listed Kefi Gold and Copper has reported that project finance banks are considering increasing the proposed project finance debt package for the Tulu Kapi gold project, in Ethiopia, from... 


Chromium
Chromium secures bigger share of SA’s mining revenue
6th November 2024 By: Irma Venter

Chromium accounted for 8% of South Africa’s mining revenue in June 2024, says PWC South Africa lead economist macro analysis Dr Christie Viljoen, up from 5% in 2023. Quoting Stats South Africa... 


Crushing and grinding plant at Kayelekera
Funding in place for Lotus to restart Kayelekera production
6th November 2024 By: Darren Parker

The successful placement of A$130-million, along with A$25-million cash on hand at the end of September, as well as an imminent share purchase plan (SPP), have ensured that ASX- and OTCQX-listed... 


Ero Copper announces leadership succession
Ero Copper announces leadership succession
6th November 2024 By: Mariaan Webb

Vancouver-headquartered Ero Copper has announced several leadership changes, following the retirement of co-founder and chairperson, Noel Dunn. David Strang, cofounder and current CEO, will assume... 


The La Arena mine in Peru
Canada approves Pan American’s Peru asset sale to Zijin
6th November 2024 By: Creamer Media Reporter

The government of Canada has approved Pan American Silver’s sale of its La Arena mine and project in Peru to a subsidiary of China’s Zijin Mining Group. The approval, which was granted under the... 


Republican Presidential nominee and former US President Donald Trump takes the stage with his wife Melania, his son Eric, and his daughter-in-law Lara, following early results from the 2024 US Presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida.
Commodities under pressure on likely Trump win in US Presidential race
6th November 2024 By: Reuters

Commodities from oil to metals and grains slid on Wednesday as the dollar strengthened, with investors increasingly pricing in that Donald Trump will win the US Presidential election. Trump has... 


The Mutanda mine in the DRC
World’s biggest cobalt miner is gloomy on the EV metal’s future
6th November 2024 By: Bloomberg

The world’s No. 1 cobalt miner is sounding the alarm over the shrinking role of the metal in electric vehicle batteries. Chinese company CMOC Group, which has been churning out cobalt much faster... 


El Abra copper mine
Delay in Chile mining permits a serious problem, says local head of Freeport
6th November 2024 By: Reuters

An extended delay in enacting reforms in Chile aimed at expediting mining permits represents a "serious" problem for the industry in the world's top copper-producing country, the local head of US... 


Donald Trump has taken preliminary leads in some key swing states.
Copper drops as dollar strengthens on early US election results
6th November 2024 By: Reuters

Copper fell along with most metals, weighed down by a rise in the dollar as results of the US election started to come in. Votes were still being counted and polls remained open in many key states... 


Codelco seeks permit for $650m Andina water project
5th November 2024 By: Reuters

Chile's state copper giant Codelco has applied for an environmental permit for a $650-million project to make water use in its Andina mine more sustainable, the company said on Tuesday. The plan... 


Peak Rare Earths raises cash for Tanzania project
5th November 2024 By: Mariaan Webb

ASX-listed Peak Rare Earths on Tuesday announced a capital raising to support its momentum at the Ngualla project, in Tanzania, as it advances towards a final investment decision (FID). Peak has... 


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Magazine round up | 22 November 2024
Magazine round up | 22 November 2024
22nd November 2024

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