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Mining

The Implats team at 2024 results presentation, covered by Mining Weekly's Martin Creamer. Video: Creamer Media's Nicholas Boyd.
Headwind-hit Implats delivers guided production, controls costs
29th August 2024 By: Martin Creamer

Amid an operating environment constrained by macroeconomic headwinds and low prices for platinum group metals (PGMs), Implats delivered guided production volume and cost control in the 12 months to... 


McEwen goes 100% renewable at Los Azules
McEwen goes 100% renewable at Los Azules
29th August 2024 By: Mariaan Webb

The Los Azules copper project, in Argentina, will be fully powered by renewable energy, dual-listed McEwen Mining announced on Wednesday. McEwen Copper, in which McEwen Mining has a 48%... 


Dewatering progress at Gemco.
South32 commits $125m to cyclone-hit Groote Eylandt repairs
29th August 2024 By: Mariaan Webb

Mining company South32 is pouring $125-million into repair and remediation work at its Groote Eylandt manganese operation (Gemco) in Northern Territory, following the devastation caused by Cyclone... 


Orion MD and CEO Errol Smart
Orion granted water licence for Flat Mines project at Okiep
29th August 2024 By: Creamer Media Reporter

ASX- and JSE-listed Orion Minerals has been granted an integrated water-use licence (IWUL) for the pathfinder Flat Mines project at its Okiep copper project, in South Africa's Northern Cape... 


US sees bipartisan backing for Africa critical minerals projects
29th August 2024 By: Bloomberg

A senior US State Department official reassured African governments that an initiative to help counter China’s influence through developing infrastructure on the continent will continue even after... 


The Ambatovy mine in Madagascar
Sumitomo files debt overhaul plan for Madagascar nickel mine
29th August 2024 By: Bloomberg

Sumitomo Corp has filed a debt restructuring plan to a UK court for its Ambatovy nickel and cobalt project, in Madagascar. The plan would allow it to address plant equipment malfunctions and ensure... 


Kumba's Sishen mine
Kumba to treble premium iron-ore output at Sishen through ‘compelling’ R11.2bn investment
29th August 2024 By: Chanel de Bruyn

The board of Kumba Iron Ore has approved a further R7.6-billion investment in ultrahigh dense media separation (UHDMS) processing technology at the Sishen mine, in the Northern Cape. This follows... 


Chris Ellison
Mining billionaire who banned work from home targets coffee runs
29th August 2024 By: Bloomberg

Staff at billionaire Chris Ellison’s mining company have already been banned from working from home. Stepping outside for a coffee could well be the next endangered perk. “I want to hold them... 


Perseus delivers strong financial results, capital returns
28th August 2024 By: Creamer Media Reporter

Gold miner Perseus Mining has delivered "record" financial results for the financial year ended June 30, which reflect not only the strong gold price environment in which it is operating, but also... 


The Murray & Roberts head office
M&R to report narrowed full-year losses
28th August 2024 By: Creamer Media Reporter

Engineering and contracting group Murray & Roberts (M&R) expects to report narrowed losses for the financial year ended June 30. It expects to report a headline loss a share of between 19c and 29c... 


NAIF approves A$150m for Hemi gold project
NAIF approves A$150m for Hemi gold project
28th August 2024 By: Mariaan Webb

Northern Australia Infrastructure Facility (NAIF) has agreed to terms for a A$150-million loan to support development of ASX-listed De Grey Mining's Hemi gold project, in the Pilbara region of... 


Bellevue SPP fails to draw crowds
Bellevue SPP fails to draw crowds
28th August 2024 By: Creamer Media Reporter

Gold company Bellevue on Wednesday announced the closure of its share purchase plan (SPP), which fell significantly short of the miner’s target of A$25-million. The mining company managed to raise... 


transnet train
Transnet rolling out novel outcomes-based security approach to protect its infrastructure
28th August 2024 By: Darren Parker

State-owned Transnet is implementing a novel outcomes-based security (OBS) approach to combat the high levels of theft and vandalism on its rail network, chief security officer Ashwin Govind has... 


Port of Nqura laoding container on truck
TPT recovery on track but can be better, CE says
28th August 2024 By: Darren Parker

State-owned Transnet Port Terminals (TPT) CE Jabu Mdaki has expressed satisfaction with the company's progress in meeting its Phase 1 recovery plan targets, while also acknowledging the need for... 


More renewables on cards at South Deep gold mine, where 50 MW of solar is making major contribution.
More renewable energy on cards at South Deep – Gold Fields
28th August 2024 By: Martin Creamer

The provision of more renewable energy at the South Deep gold mine 50 km south-west of Johannesburg is under intense scrutiny by Gold Fields, which describes the mine’s two-year-old 50 MW solar... 


MC Mining's Vele mine
Hong Kong-listed company to acquire majority interest in MC Mining for $90m
28th August 2024 By: Creamer Media Reporter

South African coal miner MC Mining has entered into an agreement with Hong Kong-listed coal mining and trading group Kinetic Development Group (KDG), which will acquire a 51% interest in MC Mining... 


Mineral Resources posts annual profit slump on weaker lithium prices
28th August 2024 By: Reuters

Australian diversified miner Mineral Resources reported a nearly 80% slump in its annual profit on Wednesday, hit by weaker lithium prices despite record shipment volumes. The demand for lithium -... 


China’s steel slump set to worsen as heavyweights flag concerns
China’s steel slump set to worsen as heavyweights flag concerns
28th August 2024 By: Bloomberg

China’s steel-industry slowdown looks set to deepen, with BHP Group, the world’s biggest miner, and China Baowu Group, the top iron-ore buyer, flagging concerns as demand fades after decades of... 


A hand holding gold nuggets
Senegal suspends mining to protect Faleme river
28th August 2024 By: Reuters

Senegal has suspended all mining activity for nearly three years on its side of the southeastern Faleme river in a decree aimed at protecting the environment and supporting local communities... 


A railway line in KwaZulu-Natal that had to be repaired following a 2021 flood
TFR managing less than half of its maintenance investment requirements
28th August 2024 By: Darren Parker

State-owned Transnet Freight Rail (TFR) is meeting less than half of its necessary maintenance investment, with inflation significantly expanding the gap in year-on-year funding requirements.... 


Sovereign starts hydraulic mining trial at Kasiya
28th August 2024 By: Sabrina Jardim

ASX-listed Sovereign Metals has begun a hydraulic mining trial at its Kasiya rutile/graphite project, in Malawi, as part of the ongoing pilot phase of its pilot mining and land rehabilitation... 


Artemis vacates Chu camp, no impact on Blackwater project
28th August 2024 By: Mariaan Webb

Vancouver-based Artemis Gold said on Tuesday that it was complying with an Environmental Assessment Office (EAO) order to vacate the Chu campsite, which was used to house transmission line... 


Abcourt intersects 125 g/t at Sleeping Giant
28th August 2024 By: Creamer Media Reporter

TSX-V-listed Abcourt Mines on Tuesday announced results from the underground diamond drilling campaign at the Sleeping Giant mine, in north-western Quebec. The drilling programme, which ran from... 


The 129.71 ct Type II white diamond
Gem recovers 129.71 ct diamond at Letsêng
28th August 2024 By: Sabrina Jardim

London-listed Gem Diamonds has recovered a 129.71 ct Type II white diamond from its Letsěng mine, in Lesotho. This is the tenth diamond greater than 100 ct recovered from the mine this year. 


Peru grants CDPR approval for tailings exploration project
28th August 2024 By: Creamer Media Reporter

Peru-focused Cerro de Pasco Resources (CDPR) has received authorisation from the Energy and Mines Ministry to initiate exploration activities, marking the first approval for a new mining... 


American Lithium CEO resigns
28th August 2024 By: Creamer Media Reporter

TSX-V- and Nasdaq-listed American Lithium has announced the resignation of Simon Clarke as CEO and director with effect from September 1. He is stepping down to pursue other interests, the company... 


Iron-ore produced by Kumba being transported by rail
Freight rail underperformance cost South Africa’s bulk mining sector R140bn in the last super cycle
28th August 2024 By: Darren Parker

Owing to domestic logistics constraints, South Africa’s coal and iron-ore bulk mining sectors were unable to capitalise on the last super cycle from 2021 to 2023, resulting in an estimated... 


BHP CEO Mike Henry
BHP doubling down on organic growth with ‘Plan A’
28th August 2024 By: Mariaan Webb

The world’s biggest mining company, BHP, is sticking with its ‘Plan A’ of growing organically, CEO Mike Henry told investors this week. “We have been clear throughout that we are not driven by M&A... 


President Cyril Ramaphosa
President transfers legislation as part of steps to split mineral resources, energy portfolios
28th August 2024 By: Creamer Media Reporter

President Cyril Ramaphosa has transferred legislation previously administered by the Mineral Resources and Energy Minister to Mineral and Petroleum Resources Minister Gwede Mantashe and Electricity... 


Gustavo Pimenta
Vale's CEO announcement to curb market speculation, says chair
28th August 2024 By: Reuters

Brazilian miner Vale's decision this week to announce a new chief executive sought to avoid further market speculation over other potential candidates, the company's chairman told Reuters on... 


Lynas Rare Earths beats annual profit view, shares rise 2%
Lynas Rare Earths beats annual profit view, shares rise 2%
28th August 2024 By: Reuters

Australia's Lynas Rare Earths posted a smaller-than-expected fall in annual profit on Wednesday, helped by lower operating costs amid weak prices and subdued China demand, sending its shares 2%... 


First Quantum seeks damages for copper trapped at Panama mine
28th August 2024 By: Bloomberg

First Quantum Minerals is seeking compensation from Panama for a stockpile of semi-processed copper ore stranded at the company’s flagship mine as part of wider arbitration over the shuttered... 


Uranium firm ERA to raise A$880m at steep discount
Uranium firm ERA to raise A$880m at steep discount
28th August 2024 By: Mariaan Webb

Uranium mining company Energy Resources of Australia (ERA) on Wednesday announced an A$880-million capital raise to fund rehabilitation work at the Ranger project area, in Northern Territory, until... 


Fortescue beats dividend payout view, shares rise
Fortescue beats dividend payout view, shares rise
28th August 2024 By: Reuters

Australia's Fortescue reported a rise in annual profit on Wednesday, boosted by higher iron-ore shipments from its Iron Bridge project, and announced a larger-than-expected final dividend, sending... 


Fortescue sets out to meet strong Chinese demand for green iron
Fortescue sets out to meet strong Chinese demand for green iron
28th August 2024 By: Reuters

Australia is positioned to meet strong demand from China for green iron, Fortescue said on Wednesday as it readies a pilot plant to begin production of the product using renewable energy next... 


Alstom/Transnet locomotive
Experts reflect on status of rail reform at SAHHA Conference
27th August 2024 By: Marleny Arnoldi

With Transnet’s export coal and iron-ore volume performance having reached multidecade lows in recent years and mining companies not weathering low commodity cycles sufficiently, the focus of this... 


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