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Anglo ditching De Beers is hard blow for troubled diamond market
Anglo ditching De Beers is hard blow for troubled diamond market
15th May 2024 By: Bloomberg

The diamond industry has already been feeling the heat. Prices have slumped, Russian sanctions are threatening trade and the emergence of lab-grown gems is eating into some key traditional... 


Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.
Anglo-BHP battle is between two CEOs fighting over same vision
15th May 2024 By: Bloomberg

As Anglo American sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job.... 


Anglo American CE Duncan Wanblad
All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers
14th May 2024 By: Martin Creamer

Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and the envisaged divestment or demerger of... 


Korea Zinc sees US opportunities as it targets big copper growth
14th May 2024 By: Bloomberg

The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth opportunities in the US as it seeks to become a leading player in the global... 


SolGold advances financing for Cascabel, secures $10m loan
SolGold advances financing for Cascabel, secures $10m loan
14th May 2024 By: Mariaan Webb

LSE- and TSX-listed SolGold said on Tuesday that it was making significant strides in securing financing for its Cascabel project, in Ecuador, with capital providers expressing a keen interest in... 


Tin prices may see further support from supply risks, rate cuts, analysts say
14th May 2024 By: Reuters

Tin prices, which have rallied in recent months to near two-year highs, could be bolstered further by supply disruptions, ongoing geopolitical conflicts, fund inflows in the event of interest rate... 


Copper climbs to highest in two years as bulls see deficit
Copper climbs to highest in two years as bulls see deficit
14th May 2024 By: Bloomberg

Copper touched its highest level since 2022 after a powerful rally fueled by forecasts of a growing global supply deficit. The commodity’s gain since the start of January is approaching 20% with... 


Anglo American Platinum's Mogalakwena operation in South Africa
Investors expect BHP to lift Anglo American offer again
14th May 2024 By: Reuters

BHP is likely to sweeten its $43-billion takeover offer for Anglo American for a second time and possibly add cash, investors in both companies said on Tuesday, after the London-headquartered... 


Buxton acquires Arizona manganese exploration project
Buxton acquires Arizona manganese exploration project
14th May 2024 By: Creamer Media Reporter

Australia-listed Buxton Resources on Tuesday announced an agreement to acquire a manganese brownfields exploration project in Arizona, US. The Matrix manganese project, in Mohave county, is... 


The Waterfal smelter at Anglo American Platinum's operations in South Africa.
Analysts highlight concerns over valuation, regulatory hurdles in BHP-Anglo proposal
14th May 2024 By: Mariaan Webb

The rejection – for the second time – of BHP’s attempt to propose a deal with Anglo American underscores the concerns that continue to persist regarding value and regulatory hurdles in the proposed... 


From left, CHIETA CEO Yersen Pillay, Higher Education and Training Department DDG Zukile Mvalo, and Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Green energy presenting South Africa with massive reindustrialisation chance – Nedbank
13th May 2024 By: Martin Creamer

Green electrons and green molecules are presenting South Africa with a massive opportunity to reindustrialise, Nedbank CIB head of infrastructure, energy and telecommunications Mike Peo told the... 


BHP CEO Mike Henry says the group is disappointed that its second proposal has been rejected.
Anglo rejects BHP's revised £34bn proposal
13th May 2024 By: Mariaan Webb

Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion. The structure of the revised proposal, unveiled... 


Mine shaft at Caledonia's Blanket mine in Zimbabwe
Caledonia starts year with higher output, profit
13th May 2024 By: Marleny Arnoldi

Gold miner Caledonia Mining says its production and profit was supported by a favourable gold price in the first quarter of the year, which has continued through April and into May. The company’s... 


Clean Air Metals appoints new VP of exploration
13th May 2024 By: Creamer Media Reporter

Canadian exploration company Clean Air Metals has appointed Lionnel Djon as its new VP of exploration, succeeding Geoff Heggie who has left the company to pursue other opportunities. Djon has most... 


World Platinum Director of Research Edward Sterck
Platinum demand outlook pretty robust, World Platinum Investment Council highlights
13th May 2024 By: Martin Creamer

The outlook for platinum is one that's pretty robust, the World Platinum Investment Council (WPIC) has highlighted in its latest Platinum Quarterly, which shows the projection of the metal's demand... 


Ardiden CEO steps down amid restructuring
13th May 2024 By: Creamer Media Reporter

Exploration company Ardiden’s Greg Romain has resigned as MD and CEO with immediate effect, the ASX-listed junior announced on Monday. CFO Tara Robson has assumed the role of interim CEO of the... 


Peninsula expands Lance uranium resource estimate
Peninsula expands Lance uranium resource estimate
13th May 2024 By: Creamer Media Reporter

ASX-listed Peninsula Energy has announced qn updated mineral resource estimate (MRE) of 58-million pounds of uranium oxide (U3O8) for the Lance project, in Wyoming. The updated resource estimate is... 


Residents of the oil sands hub of Fort McMurray, in Alberta, have been asked to prepare to leave.
Western Canada blazes cause evacuations, air quality concerns
13th May 2024 By: Reuters

The season's first major wildfires have spread to roughly 10 000 ha across Western Canada on Sunday as authorities issued an evacuation order for a community in British Columbia and warned of poor... 


OceanaGold Philippines' shares decline in early trades on market debut
OceanaGold Philippines' shares decline in early trades on market debut
13th May 2024 By: Reuters

Gold miner OceanaGold Philippines' shares fell as much as 6% below their initial public offering (IPO) price in the first 15 minutes of trading on their market debut on Monday. The shares opened... 


Stranded coal ship leaves Port of Baltimore amid work to clear main channel
13th May 2024 By: Reuters

coal ship stranded at the Port of Baltimore set sail for Singapore this week as crews work to remove the Dali container ship that crashed into the Francis Scott Key Bridge, causing it to collapse... 


Anglo American CEO Duncan Wanblad
Anglo investors tell company to move faster to survive BHP bid
13th May 2024 By: Bloomberg

Anglo American’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group’s takeover bid. Anglo... 


Finance Minister Chrystia Freeland
Miners seek exemption from Canadian tax hike to save equity deals
13th May 2024 By: Bloomberg

Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains taxes, warning the hike will make it harder for junior miners to raise money to... 


St Barbara’s decade-long vision for Simberi
St Barbara’s decade-long vision for Simberi
10th May 2024 By: Mariaan Webb

Australian gold miner St Barbara has crafted a roadmap for the advancement of the Simberi mine, in Papua New Guinea, outlining production scenarios aimed at elevating output to about 230 000 oz/y... 


Manganese Metal Co chairperson Bernard Swanepoel
Fantastic advance by Proudly South African manganese battery metal first-mover
10th May 2024 By: Martin Creamer

Proudly South African Manganese Metal Co (MMC) of Mbombela, Mpumalanga, is making a fantastic first-mover advance to enter the manganese battery metal market, which is progressing super-fast. To be... 


Copper above $10 000 as supply worries counter faltering demand
10th May 2024 By: Bloomberg

Copper climbed above $10 000 a ton as predictions for tighter global supplies and rising consumption in electric vehicles and power grids countered signs of demand destruction in top user China.... 


Mkango executives’ salaries cut by up to 50% until September
10th May 2024 By: Darren Parker

Aim-listed Mkango Resources has cut the salaries of its executive management team by between 25% and 50% from April through to September. This comes as part of the company’s cost cutting... 


Sibanye-Stillwater CEO Neal Froneman
Froneman confident PGM prices will rebound once temporary decline abates
10th May 2024 By: Darren Parker

Multinational mining and metals processing group Sibanye-Stillwater CEO Neal Froneman remains confident that the platinum group metals (PGM) price outlook is fundamentally positive and that the... 


DRDGOLD operation
DRDGOLD posts lower third-quarter output, but higher earnings
10th May 2024 By: Marleny Arnoldi

JSE-listed gold recovery company DRDGOLD has generated higher adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended March 31, compared with the same... 


The Westwood mine, in Canada, achieved its highest quarter of production since mining restarted in 2021.
Iamgold guidance on track as Essakane and Westwood shine
10th May 2024 By: Mariaan Webb

Canadian gold miner Iamgold has announced a promising start to the year, reporting robust results across its operations and projects in the first quarter, positioning the company well to meet its... 


Sibanye underground workers
Sibanye reports lowest serious injury rate in its history for the first quarter
10th May 2024 By: Darren Parker

JSE- and NYSE-listed Sibanye-Stillwater has reported its lowest group serious injury frequency rate (SIFR) in its history for the first quarter, ended March 31. The SIFR of 2.19 was 15% lower than... 


Gowans and Deranger retire from Cameco board
10th May 2024 By: Creamer Media Reporter

Canadian uranium producer Cameco has announced the election of eight board members at its annual meeting on Thursday. The board comprises Daniel Camus, Tammy Cook-Searson, Catherine Gignac, Tim... 


The Montage Gold team with Côte d'Ivoire President Alassane Ouattara
Montage receives enviro permit for Côte d'Ivoire project
10th May 2024 By: Creamer Media Reporter

TSX-V-listed Montage Gold has received a signed Ministerial order from Côte d'Ivoire granting the environmental approvals necessary for the development of its 300 000 oz/y Koné project. In... 


Aurion opts out of right of first refusal for Finland JV with B2Gold
10th May 2024 By: Mariaan Webb

Canadian exploration company Aurion Resources has elected not to exercise its right of first refusal (RoFR) to acquire a 70% interest from joint venture (JV) partner B2Gold in their Finland... 


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