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Barrick president and CEO Mark Bristow.
Barrick remains committed to constructive engagement with Mali government
6th January 2025 By: Martin Creamer

New York- and Toronto-listed Barrick Gold remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali, West Africa. In addition, an interim attachment order has now been... 


President Joe Biden
Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term
6th January 2025 By: Reuters

US President Joe Biden will ban new offshore oil and gas development along most US coastlines, a decision that President-elect Donald Trump, who has vowed to boost domestic energy production, may... 


Bill Gates
Gates-backed KoBold Metals raises $537m in funding round
6th January 2025 By: Bloomberg

KoBold Metals, a US company backed by Bill Gates, raised $537-million in equity funding to boost exploration of minerals critical to the energy transition. The funding round valued KoBold at... 


Peninsula names new MD and CEO
6th January 2025 By: Creamer Media Reporter

ASX-listed uranium producer Peninsula Energy has appointed George Bauk as its new MD and CEO, effective January 20. The announcement follows the company’s structured succession plan initiated... 


ArcelorMittal South Africa CEO Kobus Verster
AMSA confirms closure of Newcastle Works as it issues profit warning
6th January 2025 By: Terence Creamer

Steel producer ArcelorMittal South Africa (AMSA) has announced that it will close its long-products business in a move that will affect 3 500 direct and indirect jobs and which is likely to have... 


Green hydrogen prices will remain stubbornly high for decades
6th January 2025 By: Bloomberg

Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more expensive than previously thought for decades to come,... 


NUM urges members to take part in 30th anniversary of Joe Slovo’s passing
NUM urges members to take part in 30th anniversary of Joe Slovo’s passing
6th January 2025 By: Thabi Shomolekae

The South African Communist Party (SACP) will on Monday commemorate the 30th anniversary of the passing of struggle stalwart comrade Joe Slovo at Avalon Cemetery in Soweto and the National Union of... 


China's 2025 iron-ore imports set to hit new high even as steel demand dwindles
China's 2025 iron-ore imports set to hit new high even as steel demand dwindles
6th January 2025 By: Reuters

China's iron-ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world's top consumer despite a protracted property crisis continuing to weigh on Chinese steel... 


Freeport Indonesia in talks with government on copper concentrate exports
6th January 2025 By: Reuters

PT Freeport Indonesia (PTFI) is in discussions with the government about being able to continue copper concentrate exports until its new Manyar smelter returns to full operations, a spokesperson... 


Goldman pushes back $3 000 gold forecast on fewer US rate cuts
Goldman pushes back $3 000 gold forecast on fewer US rate cuts
6th January 2025 By: Bloomberg

Goldman Sachs Group said it no longer sees gold reaching $3 000 an ounce by the end of the year, pushing the forecast to mid-2026 on expectations the Federal Reserve will make fewer rate cuts.... 


Jervois signs rescue deal after cobalt price collapse
Jervois signs rescue deal after cobalt price collapse
2nd January 2025 By: Bloomberg

Cobalt miner Jervois Global will go private as part of a restructuring deal with one of its lenders, after struggling to compete with Chinese rivals as prices for the battery metal plunged. The... 


Chile files environmental charges against Anglo American copper mine
Chile files environmental charges against Anglo American copper mine
31st December 2024 By: Reuters

Chile's environmental regulator has filed four charges against the major Los Bronces copper mine, controlled by Anglo American, for noncompliance with environmental permits, the agency said on... 


Mongolia reaches deal for $1.6bn uranium mine with France's Orano
27th December 2024 By: Mariaan Webb

Mongolia said on Friday it had reached a preliminary agreement with France's Orano Mining Group to develop a long-expected uranium mining project worth $1.6-billion. A draft agreement for the deal... 


Lithium Americas and GM close joint venture for Thacker Pass mine
Lithium Americas and GM close joint venture for Thacker Pass mine
23rd December 2024 By: Reuters

Lithium Americas said on Monday it has closed its joint venture with US automaker General Motors to develop the Thacker Pass lithium mine in Nevada. The miner's CEO, Jonathan Evans said that the... 


Arcadium Lithium shareholders approve $6.7bn Rio Tinto deal
23rd December 2024 By: Reuters

Arcadium Lithium said on Monday its shareholders have voted in favour of a $6.7-billion sale to Australian mining giant Rio Tinto. Shares of Arcadium Lithium rose about 7% in extended trading... 


Anglo American's South African office
Lure of Anglo's copper mines could test BHP's spending resolve
20th December 2024 By: Reuters

BHP, the world's biggest miner, would need to offer a minimum 40% premium over Anglo American's share price to make a renewed takeover bid now the rival's value has been boosted by asset sales, two... 


Barminco equipment being used underground
Perenti secures A$185m of new work and a contract extension
20th December 2024 By: Creamer Media Reporter

Mining services provider Perenti has announced the execution of new contracts and an extension to an existing contract for the company’s subsidiary businesses. These contracts are expected to... 


Rapid Lithium signs term sheet to acquire British Columbia gallium, germanium project
20th December 2024 By: Creamer Media Reporter

Australia-listed Rapid Lithium has entered into a binding term sheet to acquire certain mineral claims that comprise the Prophet River gallium/germanium project in British Columbia, Canada, from... 


France's Orano launches arbitration against Niger over mining licence
20th December 2024 By: Reuters

French nuclear fuels company Orano said on Friday it had started arbitration proceedings against Niger, after Niger withdrew the mining licence of Orano's subsidiary Imouraren. Niger's military-led... 


A view of a part of the Marda operations area
Leeuwin to acquire Ramelius' Marda gold opreations
20th December 2024 By: Creamer Media Reporter

ASX-listed Leeuwin Metals has entered into a binding share sale agreement with fellow ASX-listed Ramelius Resources to acquire the Marda gold operations, in Western Australia, for up to A$2-million... 


The Ancuabe project
Australia's FIRB clears Shandong Yulong's buyout of 70% stake in Triton's Moz graphite projects
20th December 2024 By: Creamer Media Reporter

Australia's Foreign Investment Review Board (FIRB) has given the go-ahead for Shandong Yulong Gold to buy a 70% interest in ASX-listed Triton Minerals's in its portfolio of graphite projects in... 


An Eskom power station and transmission infrastructure
Eskom risk premium falls as turnaround wins over bond investors
20th December 2024 By: Bloomberg

Eskom Holdings’s risk premium is dwindling as a turnaround at South Africa’s State-owned electricity company gathers momentum. The extra yield investors demand to take on the risk of holding the... 


European Metals expands lithium production plans at Cinovec
European Metals expands lithium production plans at Cinovec
20th December 2024 By: Simone Liedtke

ASX- and Aim-listed European Metals has announced a substantial increase in planned lithium production at its Cinovec project, on the Czech-German border. The company revealed on December 20 that... 


Andrada reports positive third-quarter production results
20th December 2024 By: Simone Liedtke

Aim-listed critical raw materials producer Andrada Mining reported a 15% year-on-year increase in contained tin production to 232 t for the third quarter of the 2025 financial year, ended November... 


The Moma mine in Mozambique
Kenmare appoints CFO
20th December 2024 By: Creamer Media Reporter

Minerals sands products producer Kenmare Resources, which owns and operates the Moma mine, in Mozambique, has appointed James McCullough CFO, with effect from May 1, 2025, His appointment follows a... 


The Cullinan Mine
Petra lowers price projections, starts retrenchment process
20th December 2024 By: Creamer Media Reporter

Amid continued weakness in the global diamond industry, London-listed Petra Diamonds has lowered its price expectations for 2025 and initiated a Section 189 retrenchment process affecting the group... 


Decarbonisation efforts in mining fall short of science-based targets, research shows
20th December 2024 By: Simone Liedtke

The global mining industry is falling short in its efforts to decarbonise at a rate required to meet science-based targets, according to new research by consultancy dss+. As the industry moves... 


The Worsley Alumina bauxite mine
South32 receives approval for Worsley mine project
20th December 2024 By: Simone Liedtke

Globally diversified mining and metals company South32 has received approval from the Western Australian Minister for Environment for its Worsley mine development project, marking a key milestone... 


A TFR locomotive
Network Statement a major step in rail reform – B4SA
20th December 2024 By: Schalk Burger

Industry organisation Business for South Africa (B4SA) welcomes the release of the Network Statement as an exciting and significant milestone in the journey towards meaningful rail sector reform in... 


Coal mining in Australia
China's coal imports from Australia rise to highest level since April 2020
20th December 2024 By: Reuters

China's coal imports from Australia rose to their highest in more than four years in November, customs data showed on Friday, as shipments continue to recover from an unofficial ban on Australian... 


The Quellaveco mine
Copper giant Peru foresees another production plateau in 2025
20th December 2024 By: Reuters

Peruvian copper production is expected to remain flat in 2025 for the third straight year, according to the country's top mining association and industry analysts, as declining ore grades and a... 


Ministry clears the way for Silver Mountain to restart Peru mine
20th December 2024 By: Creamer Media Reporter

The Peruvian Ministry of Energy and Mines has classified TSX-V-listed Silver Mountain Resources' Reliquias mine and Caudalosa plant as an ongoing mining operation, clearing the way for Silver... 


Allied Gold receives first construction payment for Ethiopia project
20th December 2024 By: Creamer Media Reporter

Toronto-listed Allied Gold Corporation has received the first construction payment under a $175-million streaming agreement with Wheaton Precious Metals, signed earlier this month. Under the terms... 


An underground copper mine in Zambia
Mercuria partners with Zambia on metals trading venture
20th December 2024 By: Bloomberg

Mercuria Energy Group is teaming up with Zambia on a metals trading venture, the latest example of a commodity house partnering with a mineral-rich state to secure access to key resources. Mercuria... 


Vanadium produced at the Maracás Menchen mine
Largo partners with Stryten Energy to establish US vanadium electrolyte manufacturing JV
20th December 2024 By: Creamer Media Reporter

Largo Clean Energy Corp (LCE), a subsidiary of TSX- and Nasdaq-listed supplier of vanadium and ilmenite products Largo, has entered into definitive agreements with an affiliate of US-based battery... 


An aerial view of the Coringa operation
Serabi commissions Coringa classification plant
20th December 2024 By: Creamer Media Reporter

Gold mining and development company Serabi Gold reports that, based on the operating progress achieved throughout December, the classification plant at its 100%-owned Coringa gold operation, in... 


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Magazine round up | 17 January 2025
Magazine round up | 17 January 2025
17th January 2025

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