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Mining

JPMorgan says European miners underpricing US election risk
JPMorgan says European miners underpricing US election risk
11th October 2024 By: Bloomberg

European mining stocks could see their valuations fall by as much as 20% if US tariffs are imposed following next month’s election, and the industrial metals market is underpricing this... 


Alumina surges to record on supply disruptions and China demand
Alumina surges to record on supply disruptions and China demand
11th October 2024 By: Bloomberg

Alumina futures in Shanghai spiked to a record as global supply disruptions and resilient Chinese demand continue to tighten the market of the main feedstock for aluminum smelters. Alumina surged... 


An image showing Steenkampskraal Monazite Mine headgear
Steenkampskraal mine gearing up to start production
11th October 2024 By: Tasneem Bulbulia

High-grade rare earths mine the Steenkampskraal Monazite Mine (SMM), located in the Western Cape, is moving out of care and maintenance to gear up for production, following approval by the National... 


Explorer Founders upsizes bought-deal financing
11th October 2024 By: Creamer Media Reporter

Canada-based exploration company Founders Metals has upsized its previously announced bought-deal financing to C$20-million, citing strong demand and oversubscription. The company previously... 


Arianne reports C$3.8m investment to advance downstream plans
11th October 2024 By: Creamer Media Reporter

Development-stage phosphate mining company Arianne Phosphate has received C$3.8-million in financing by way of an unsecured convertible debenture from an unnamed strategic investor. The proceeds... 


Codelco copper production up 10% in August
11th October 2024 By: Reuters

Chilean state miner Codelco produced 10.1% more copper in August compared to a year earlier, the Andean country's Cochilco copper commission said on Thursday, producing 125 300 t while other major... 


St Barbara updates PFS for Nova Scotia projects
St Barbara updates PFS for Nova Scotia projects
11th October 2024 By: Mariaan Webb

Australian miner St Barbara has updated the prefeasibility study (PFS) for the 15-Mile and Beaver Dam projects at its Atlantic operations in Nova Scotia, Canada. The study consolidates the projects... 


A map showing the location of the various OMMP infrastructure
SPS selected to provide renewable-energy solution for significant Limpopo water supply project
11th October 2024 By: Natasha Odendaal

The Lebalelo Water User Association (LWUA) has selected asset management company Sustainable Power Solutions (SPS) as the preferred bidder to deliver a renewable-energy solution for the first stage... 


Photo of Martin Creamer
Recycling, Nyanza Light Metals, Mogale City make headlines
11th October 2024

Mining Weekly Editor Martin Creamer unpacks the13th Oppenheimer Research Conference, which had a message for attendees: recycle like there’s no tomorrow; developments in the Nyanza Light Metals... 


NexGold and Signal Gold to combine
NexGold and Signal Gold to combine
11th October 2024 By: Mariaan Webb

Canadian mining companies NexGold and Signal Gold on Thursday announced a merger to create a near-term developer eyeing more than 200 000 oz/y of production. The combined entity would advance... 


Twelve people trapped deep underground at Colorado mine are rescued after 6 hours
11th October 2024 By: Reuters

Twelve people were trapped 300 m underground in a former Colorado gold mine for about six hours on Thursday before a malfunctioning elevator was repaired, enabling them to safely return to the... 


Magazine round up | 11 October 2024
Magazine round up | 11 October 2024
11th October 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 


Magazine Cover Image
How DigiMine is building next generation of tech-savvy, socially aware mining engineers
11th October 2024 By: Sabrina Jardim

As the global mining industry increasingly adopts technology, such as AI and automation, partnerships between academia and industry are poised to play a pivotal role in ensuring the continuous... 


Regis builds cash amid record gold prices
Regis builds cash amid record gold prices
10th October 2024 By: Mariaan Webb

Australian bullion miner Regis Resources has boosted its cash to A$380-million at the end of the September quarter, a build of A$85-million from the prior three months. The increase follows a solid... 


Santos announces financing of Darwin LNG life extension works
10th October 2024 By: Creamer Media Reporter

The Darwin liquefied natural gas (LNG) joint venture (JV), operated by ASX-listed Santos, has achieved financial close of new syndicated bank loan facilities totalling $800-million. The facilities... 


Mpumalanga highlighted as centre of South Africa's just energy transition work
10th October 2024 By: Schalk Burger

South Africa's transition to a sustainable energy ecosystem must also be just, with any negative impacts, such as the loss of jobs in coal mining and at coal-fired power stations in the surrounding... 


Teck CEO Jonathan Price
Teck CEO urges West to invest more in critical minerals to counter China's heft
10th October 2024 By: Reuters

Western nations should make ambitious investments in critical minerals to close the gap with China, which remains aggressive in consolidating its dominance in this space, Jonathan Price, CEO of... 


Giyani's K.Hill project
Giyani retains most prospective licences in Botswana with new promising targets
10th October 2024 By: Marleny Arnoldi

TSX-V-listed Giyani Metals Corporation has identified multiple new manganese oxide ore targets at its K.Hill project, in Botswana. The company has also successfully renewed six of its seven... 


Mantengu chairperson Jonas Tshikundamalema
Dormant PGMs, chrome mine acquired by job-creating JSE AltX-listed resource investor
10th October 2024 By: Martin Creamer

Johannesburg Stock Exchange AltX-listed company Mantengu Mining has been provided with a platinum group metals (PGMs) and chrome mining industry opportunity by PGMs major Sibanye-Stillwater, the... 


Jwaneng diamond mine
Mining output increases slightly in August
10th October 2024 By: Marleny Arnoldi

Statistics South Africa (Stats SA) reports that mining production increased by 0.3% year-on-year in August, with the largest positive contributors having been manganese, platinum group metals... 


Sibanye-Stillwater loses suit over $1.2bn Brazil nickel deal
Sibanye-Stillwater loses suit over $1.2bn Brazil nickel deal
10th October 2024 By: Mariaan Webb

A High Court in London has ruled that Sibanye-Stillwater, listed on the JSE and NYSE, is liable for damages following the termination of a $1.2-billion agreement with investment advisor Appian... 


Sibanye-Stillwater loses suit over $1.2bn Brazil nickel deal
10th October 2024 By: Mariaan Webb

A High Court in London has ruled that Sibanye-Stillwater, listed on the JSE and NYSE, is liable for damages following the termination of a $1.2-billion agreement with investment advisor Appian... 


Zambia Mines Minister Paul Kabuswe
Zambia will own some mining permits after mapping exercise
10th October 2024 By: Bloomberg

Zambia’s government intends to keep ownership of some mining licenCes that are shown to be promising by an ongoing mapping exercise and invite private investors to develop the assets alongside the... 


The Unki concentrator plant in Zimbabwe
Zimbabwean miners expect profits to fall in 2025, report says
10th October 2024 By: Reuters

Zimbabwean miners expect profits to decline on the back of anticipated high costs of production and a weak outlook for platinum and lithium in 2025, according to a report. A confluence of global... 


Tharisa mine
Tharisa records highest ever full-year chrome production at 1.7Mt
10th October 2024 By: Marleny Arnoldi

London- and Johannesburg-listed chrome and platinum group metals (PGM) miner Tharisa increased its PGM production to 145 100 oz for the financial year ended September 30, from the 144 700 oz... 


Speakers who participated in Creamer Media's Hydrogen Economy webinar
South Africa positioned well to leverage the benefits of a hydrogen economy
10th October 2024 By: Natasha Odendaal

South Africa has an ideal opportunity, and is well positioned, to leverage the potential of the emerging hydrogen economy and establish an integrated value chain. Amid global hydrogen economy... 


Mining’s renewable energy future on show as Minister tours Kathleen Valley project
Mining’s renewable energy future on show as Minister tours Kathleen Valley project
10th October 2024 By: Creamer Media Reporter

Energy, Environment and Climate Action Minister Reece Whitby travelled to the Western Australian Goldfields on Wednesday to see the future of energy in the mining industry. Whitby officially opened... 


Americas consolidates Galena JV, appoints new CEO
Americas consolidates Galena JV, appoints new CEO
10th October 2024 By: Mariaan Webb

Precious metals miner Americas Gold and Silver has announced a transaction with Eric Sprott and Paul Andre Huet, under which it will require the remaining 40% interest in the Galena complex in... 


USSM and Stillwater Critical Minerals sign MoU for strategic partnership
USSM and Stillwater Critical Minerals sign MoU for strategic partnership
10th October 2024 By: Creamer Media Reporter

Missouri-based US Strategic Metals (USSM) and Stillwater Critical Minerals have signed a nonbinding memorandum of understanding (MoU), establishing a strategic relationship aimed at exploring a... 


China’s top miner to spend $24bn on coal-to-oil project
10th October 2024 By: Bloomberg

China’s biggest coal miner announced the construction this week of another massive project to supply feedstock for petrochemicals makers and help clear a prospective surplus of the fossil fuel.... 


Wilkinson visited the Vale Stobie mine site in Sudbury on Wednesday.
Wilkinson announces funding for critical mineral projects
10th October 2024 By: Creamer Media Reporter

Energy and Natural Resources Minister Jonathan Wilkinson on Wednesday announced funding for five infrastructure projects to support the development of critical minerals in the Sudbury and Timmins... 


De Grey meets initial Egina gold project commitment
De Grey meets initial Egina gold project commitment
10th October 2024 By: Creamer Media Reporter

Australia-listed De Grey Mining has completed its minimum expenditure of A$7-million to earn into Novo Resources’ Egina project, in Western Australia. In terms of the 2023 agreement with Novo, De... 


Barminco awarded A$157m contract extension from IGO
10th October 2024 By: Creamer Media Reporter

Services group Perenti’s underground mining business, Barminco, has secured a contract extension with IGO to continue mining at the Nova nickel mine, in Fraser Range, Western Australia. The... 


Rio Tinto’s ‘bite-sized’ Arcadium acquisition makes sense – CreditSights
Rio Tinto’s ‘bite-sized’ Arcadium acquisition makes sense – CreditSights
10th October 2024 By: Mariaan Webb

Diversified major Rio Tinto’s move to acquire Arcadium Lithium in an all-cash transaction of $8.85 a share makes strategic sense, allowing the major to quickly increase exposure to the key energy... 


 Chrystia Freeland
Canada green taxonomy unlikely to include new natural gas sites
10th October 2024 By: Bloomberg

Canada has provided more clarity on what it considers to be homegrown green investments — with new natural gas projects unlikely to make the cut. On Wednesday, Finance Minister Chrystia Freeland... 


Rio arrives in lithium with a survival-of-the-fittest mentality
Rio arrives in lithium with a survival-of-the-fittest mentality
10th October 2024 By: Bloomberg

Rio Tinto is muscling in on the lithium market after a precipitous price collapse for the battery metal, betting it can build a portfolio of huge, low-cost mines that will outlast weaker rivals.... 


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