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An image showing the Dugbe gold project, in Liberia
Pasofino continuing discussions with counterparty for strategic acquisition
14th November 2024 By: Tasneem Bulbulia

Aim-listed Hummingbird Resources has provided an update on its 53%-owned subsidiary Pasofino Gold’s progress on a potential strategic transaction. Pasofino is continuing discussions with a... 


De Beers CEO Al Cook
De Beers CEO sees talks on new Botswana diamond pact concluding soon
14th November 2024 By: Reuters

The CE of global diamonds giant De Beers, Al Cook, said that his company expected negotiations with Botswana's government over a new diamond sales pact to conclude soon. "We see negotiations... 


Antofagasta unveils South America's first hydrogen-powered locomotive
Antofagasta unveils South America's first hydrogen-powered locomotive
14th November 2024 By: Creamer Media Reporter

Chile-based copper miner Antofagasta’s transport division, Ferrocarril de Antofagasta a Bolivia (FCAB), has unveiled South America’s first hydrogen-powered locomotive. The new locomotive, which... 


Lexington Gold, Gold One Africa mull cooperation at their South African projects
14th November 2024 By: Tasneem Bulbulia

Aim-listed Lexington Gold and its broad-based black economic empowerment partner Letsema have entered into an intention to cooperate agreement with Gold One Africa, which will see the parties seek... 


An image showing the Karowe mine
Lucara records strong quarter marked by exceptional discoveries, shaft sinking progress
14th November 2024 By: Tasneem Bulbulia

TSX-listed Lucara Diamond Corp recovered two exceptional diamonds larger than 1 000 ct and sold 116 221 ct of diamonds in the third quarter ended September 30, generating revenue of $44.3-million.... 


Hudbay says copper and gold diversification drives strong Q3 performance
Hudbay says copper and gold diversification drives strong Q3 performance
14th November 2024 By: Mariaan Webb

Canadian miner Hudbay Minerals delivered strong operating and financial results in the third quarter, with record gold production in Manitoba and robust cost controls across the business, says CEO... 


Gold Fields may sell smaller mines to focus on new Canadian Osisko assets
Gold Fields may sell smaller mines to focus on new Canadian Osisko assets
14th November 2024 By: Reuters

Gold Fields may look for buyers for its smaller mines in Ghana and Peru to focus on bigger operations and is hoping to make new mineral discoveries at both mines to enhance their appeal, CEO Mike... 


China's copper smelters to cut output next year on raw material shortage
14th November 2024 By: Reuters

Chinese copper smelters are likely to further cut production, shut down or extend maintenance to cope with a severe shortage of raw material or concentrate supply next year, participants at a... 


Rio Tinto approves 25 MW solar plant for US copper mine
Rio Tinto approves 25 MW solar plant for US copper mine
14th November 2024 By: Creamer Media Reporter

Mining company Rio Tinto has approved construction of a new 25-MW solar plant at its Kennecott copper operation in Utah, bringing the mine’s total solar capacity to 30 MW. The new solar plant will... 


Miner K+S quarterly earnings hit by lower potash prices
14th November 2024 By: Reuters

German potash and salt miner K+S published its third quarter results on Thursday that beat revenue and core profit expectations but were weaker than a year ago following a fall in potash prices.... 


Resolute shares suspended after Mali demands $160m
Resolute shares suspended after Mali demands $160m
14th November 2024 By: Bloomberg

Resolute Mining suspended trading after Mali demanded the Australian gold miner pay about $160-million to resolve a tax dispute that’s seen its chief executive officer detained. The company’s... 


BHP's Spence mine
BHP set to detail copper growth plans on Chile roadshow, analysts say
14th November 2024 By: Reuters

BHP Group is likely to flesh out plans next week to spend at least $7-billion over the coming years to recover more metal from the world's biggest copper mine, Escondida in Chile, investors and... 


ENS executive consultant Willem le Roux
ENS concerned about ‘too harsh’ provisions in incoming Mine Health and Safety Amendment Bill
14th November 2024 By: Marleny Arnoldi

Law firm ENS on November 14 presented a webinar unpacking amendments to the Mine Health and Safety Act (MHSA), which will soon be presented for approval in the National Assembly. The webinar was... 


carbon tax graphic
National Treasury publishes Phase 2 carbon tax discussion paper for public comment
13th November 2024 By: Darren Parker

National Treasury has published a carbon tax discussion paper for public comment, outlining Phase 2 of the carbon tax. Government announced its intention to do this in the 2024 Budget presented in... 


Sovereign completes mining trials at Malawi project
13th November 2024 By: Tasneem Bulbulia

Aim- and ASX-listed Sovereign Metals has successfully completed the mining trials stage of its pilot mining and land rehabilitation programme (pilot phase) at the Kasiya rutile/graphite project, in... 


Bernard Swanepoel
How South Africa can grow participation in key battery manganese supply chain
13th November 2024 By: Martin Creamer

How South Africa can grow its participation in the global battery supply chain was spelt out this week at the Mintek@90 event to mark nine decades of mineral and metallurgical research, development... 


Wits vice-chancellor and principal Professor Zeblon Vilakazi
Johannesburg Planetarium relaunches as Wits Anglo American Digital Dome
13th November 2024 By: Sabrina Jardim

The University of the Witwatersrand (Wits), in partnership with diversified mining company Anglo American, have relaunched the old Johannesburg Planetarium as the Wits Anglo American Digital Dome,... 


Troubled times for Lindi Jumbo owner
Troubled times for Lindi Jumbo owner
13th November 2024 By: Creamer Media Reporter

The Australian company owning and operating the Lindi Jumbo graphite mine in Tanzania has gone into voluntary administration.  Jeremy Nipps and Tom Birch of Cor Cordis were appointed joint and... 


Thunderbird buys strategic NSW gold/antimony project
13th November 2024 By: Creamer Media Reporter

ASX-listed Thunderbird Resources has entered into an agreement to acquire a prospective antimony and gold exploration land package in New South Wales. The exploration portfolio is located... 


Rox raises cash for WA gold project
13th November 2024 By: Creamer Media Reporter

Rox Resources, the developer of the Youanmi gold mine in the Murchison region of Western Australia, has announced strong investor support for a A$26-million capital raise. The two-tranche... 


Tirupati in talks for further trade finance
13th November 2024 By: Creamer Media Reporter

Specialist graphite producer Tirupati Graphite, which is listed on the LSE and has assets in Mozambique and Madagascar, has secured about $225 000 in trade finance from the Middle Eastern Sovereign... 


A stack of gold bars
IMF urged to cash in on gold price to help poor countries hit by climate change
13th November 2024 By: Reuters

The International Monetary Fund (IMF) should sell 4% of its gold to help offer debt relief to low-income countries devastated by climate-related catastrophes, a study said as climate financing... 


Troilus recently installed solar power at its namesake mine
Troilus advances project financing with $500m German loan guarantee
13th November 2024 By: Creamer Media Reporter

Canadian development-stage mining firm Troilus Gold has taken a step forward in financing its flagship copper and gold project in Quebec, with the receipt of a letter of intent (LOI) from Euler... 


Capral and Rio Tinto find success in closed loop recycling trial
Capral and Rio Tinto find success in closed loop recycling trial
13th November 2024 By: Creamer Media Reporter

Australia’s largest extruder and distributor of aluminium products, Capra, has successfully trialled the recycled-content billet supplied by Rio Tinto at Boyne Smelters Limited (BSL), using 50 t to... 


Europa Metals now a cash shell
13th November 2024 By: Creamer Media Reporter

Aim-listed Europa Metals reported on Wednesday that it had completed the previously announced disposal of the Toral zinc/lead/silver project, in Spain, to Denarius Metals. The company has been... 


Piedmont Lithium slashes more jobs under cost-cutting plan
Piedmont Lithium slashes more jobs under cost-cutting plan
13th November 2024 By: Reuters

US miner Piedmont Lithium has nearly halved its total workforce after completing an additional 32% reduction in October as part of an ongoing cost-cutting plan, it said on Tuesday. The company... 


MinRes shuts Bald Hill lithium mine amid market slowdown
MinRes shuts Bald Hill lithium mine amid market slowdown
13th November 2024 By: Mariaan Webb

Australian miner Mineral Resources (MinRes) has announced the temporary closure of its Bald Hill lithium mine near Kambalda, Western Australia, as the global lithium market continues to face a... 


Richard Young
New i-80 Gold CEO unveils fresh development plan, strategic direction
13th November 2024 By: Mariaan Webb

US-based precious metals miner i-80 Gold has announced a strategic shift following the recent appointment of Richard Young as CEO, with the TSX-listed company outlining an updated development plan.... 


Lake Resources if focusing on the Kachi project
Lake Resources sells noncore assets to focus on Kachi
13th November 2024 By: Mariaan Webb

ASX-listed Lake Resources on Wednesday announced a sale agreement with Austroid to sell three of its lithium brine assets in Argentina for $9-million. The assets, including tenements at Paso de... 


Employees at the Grosvenor coal mine
Anglo American coal bidders down to three, say sources
13th November 2024 By: Reuters

The final bidders for Anglo American's Australian coal assets are down to Yancoal Australia, Stanmore Resources and Peabody Energy Corp, three sources with knowledge of the matter told Reuters. The... 


Mosaic's third-quarter profit falls short of expectations, CFO Freeland to retire
13th November 2024 By: Bloomberg

Fertiliser producer Mosaic missed Wall Street estimates for third-quarter profit on Tuesday, hurt by production snags and lower potash prices, sending shares down 8.3% in afternoon trading. The... 


Suncor Energy beats Q3 profit estimates on higher production, raises dividend
13th November 2024 By: Reuters

Canada's Suncor Energy raised its quarterly dividend on Tuesday after the integrated oil and gas firm beat estimates for third-quarter profit, as it benefited from higher oil production and demand... 


Southern CEO says extending coal among options to meet AI demand
13th November 2024 By: Bloomberg

The booming demand for electricity from data centers and new factories requires an “all of the above” energy strategy that opens up the possibility of Southern Co. extending the retirement date of... 


COP29 is being held in Azerbaijan this month
Global CO2 emissions to hit record high in 2024, report says
13th November 2024 By: Reuters

Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate... 


Silver bars
Higher silver supply to reduce global deficit by 4% in 2024
13th November 2024 By: Reuters

The global silver deficit is expected to fall by 4% to 182 million ounces in 2024, with growth of 2% in total supply offsetting demand growth of 1%, the Silver Institute industry association said... 


NSW updates renewable energy guidelines to safeguard mineral exploration access
12th November 2024 By: Creamer Media Reporter

The New South Wales (NSW) Department of Planning has updated its renewable energy planning framework, ensuring that large-scale renewable energy projects do not restrict mineral exploration... 


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On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
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