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Duncan Wanblad
Anglo CEO says he can run sprawling miner better than any activist
6th February 2024 By: Bloomberg

Anglo American’s boss said he’s the best person to reshape the century-old miner — if needed — as slumping commodity prices pressure its sprawling operations and spark murmurs about activist... 


Zambia to start trading its own copper, competing with Glencore
Zambia to start trading its own copper, competing with Glencore
6th February 2024 By: Bloomberg

Zambia plans to directly buy and sell a portion of the copper produced in the southern African nation, competing with trading giants including Mercuria Energy Group and Glencore. “We obviously... 


Billionaire-backed KoBold says open to partners as it plans $2bn Zambian copper mine
6th February 2024 By: Reuters

KoBold Metals, a California-based metals exploration company backed by billionaires Bill Gates and Jeff Bezos, said it may consider partnerships as it plans to fast-track development of a new... 


Capstone starts trading on Australian exchange
5th February 2024 By: Creamer Media Reporter

Vancouver-headquartered Capstone Copper has made its debut on the ASX. The ASX approved the company’s secondary listing and Capstone was admitted to the official list of the ASX on January 31. 


President Cyril Ramaphosa at the Mining Indaba.
South Africa’s mining industry now 39% black-owned, Mining Indaba hears
5th February 2024 By: Martin Creamer

In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt... 


The Didipio mine, in the Philippines
OceanaGold files for Philippines unit’s IPO
5th February 2024 By: Mariaan Webb

OceanaGold Philippines (OGPI), a subsidiary of Vancouver-based OceanaGold, has filed a preliminary prospectus with the Philippine Securities and Exchange Commission to raise up to 7.9-billion pesos... 


First Quantum bonds rally as miner works to free up cash
First Quantum bonds rally as miner works to free up cash
5th February 2024 By: Bloomberg

First Quantum Minerals' dollar bonds have staged a rebound, recovering most of the losses they incurred amid a fallout with Panama over the company’s copper mine. The most liquid notes due in 2031... 


A stockpile of lithium
Germany to channel €1bn to critical raw material needs
2nd February 2024 By: Bloomberg

The German government earmarked about €1-billion ($1.1-billion) for raw materials investments as it seeks to reduce dependency on producers such as China for critical minerals in high-tech and... 


IRH commits up to $1.1bn for 50% interest in Mopani Copper Mines
2nd February 2024 By: Tasneem Bulbulia

Aim-listed ZCCM-Investment Holdings (ZCCM-IH) has confirmed that it has entered into an agreement with International Resources Holding (IRH), which will, through its wholly-owned subsidiary Delta... 


Copper sheets produced in the DRC
Western miners lag as oil powers enter race for Africa's critical metals
2nd February 2024 By: Reuters

Risk aversion is likely to leave major Western miners lagging in a race to tap Africa's reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to emulate... 


An image of Orion Mineral's Prieska project
Orion to benefit from fast-track strategy at Northern Cape project – analyst
2nd February 2024 By: Tasneem Bulbulia

ASX- and JSE-listed Orion Minerals has in place a company-making strategy of developing multiple metal producing hubs within South Africa’s Northern Cape, a richly endowed mineral province and a... 


Bougainville extends Panguna licence, paves way for redevelopment
2nd February 2024 By: Creamer Media Reporter

The share price of Bougainville Copper (BCL) more than doubled on Friday as the ASX-listed company announced a five-year extension of its exploration licence for the Panguna project in central... 


MEDC proposes $50m grant for Highland’s Copperwood project
2nd February 2024 By: Creamer Media Reporter

Following a yearlong review of the permitted Copperwood project, the Michigan Economic Development Corporation (MEDC) has proposed a $50-million grant, Canadian company Highland Copper said this... 


Fortune extends option to acquire Alberta refinery site
2nd February 2024 By: Creamer Media Reporter

Toronto-listed Fortune Minerals has extended the option to purchase the JFSL Field Services (JFSL) brownfield industrial site in Lamont county, Alberta. Fortune plans to construct a... 


Capstone Copper to raise C$375m in bought deal
Capstone Copper to raise C$375m in bought deal
2nd February 2024 By: Mariaan Webb

Americas-focused Capstone Copper on Thursday announced a C$375-million bought deal to raise cash for its near-term growth initiatives in Chile. Capstone and affiliates of Orion Mine Finance have... 


Hedge funds react to supply shocks with bold bets on copper
Hedge funds react to supply shocks with bold bets on copper
1st February 2024 By: Bloomberg

A number of hedge fund managers are betting that copper stocks are significantly undervalued, as they position themselves for gains this year. Funds including Tribeca Investment Partners, Terra... 


Glencore CEO Gary Nagle
Glencore reports lower production, builds solar plant in South Africa
1st February 2024 By: Marleny Arnoldi

Diversified miner Glencore has reported lower volumes across its key commodities for the 2023 financial year, but notes that these were all nonetheless still within the guided ranges. The company’s... 


Rob McEwen
Rob McEwen seeks $100m for Argentina copper mine as Milei boosts prospects
31st January 2024 By: Bloomberg

Canadian entrepreneur Rob McEwen is in talks to raise about $100-million for a copper project in Argentina, at a time when miners are betting that deregulation by the new government of Javier Milei... 


Ndalamo CEO Shammy Luvhengo.
Coal miner Ndalamo pursuing renewable energy, other minerals
31st January 2024 By: Martin Creamer

Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo... 


Galileo identifies three targets in Botswana for follow-up exploration work
30th January 2024 By: Marleny Arnoldi

London-listed Galileo Resources has defined three potential drill targets with a combined strike length of about 6 km on its PL253 licence in the Kalahari Copper Belt of Botswana. The three... 


Jericho shaping up to be one of Australia’s most exciting copper project, says AIC Mines
30th January 2024 By: Mariaan Webb

Gold and copper miner AIC Mines has significantly increased the mineral resources of its Jericho deposit, setting the stage to transform the Eloise copper mine into a cornerstone asset. The mineral... 


A$300m IPO planned for Australian copper mine
A$300m IPO planned for Australian copper mine
30th January 2024 By: Mariaan Webb

Metals Acquisition Limited (MAC) is set to open a A$300-million initial public offering (IPO) next week to raise funds for the revival of the CSA copper mine, in New South Wales. NYSE-listed MAC... 


Copper miner Sandfire maintains FY guidance
Copper miner Sandfire maintains FY guidance
30th January 2024 By: Creamer Media Reporter

Global copper miner Sandfire Resources has maintained its production, cost and capital expenditure guidance for the 2024 financial year, after a solid December quarter at its MATSA and Motheo... 


First Quantum to sell 120 000 t of copper in Panama mine
30th January 2024 By: Reuters

Canadian miner First Quantum Minerals said on Monday it intends to sell the 120 000 t of copper concentrate stored near the Punta Rincon port. First Quantum's Panama unit said in a statement that... 


Codelco pays heavy price for ramping up debt burden to fund over-budget projects
Codelco pays heavy price for ramping up debt burden to fund over-budget projects
30th January 2024 By: Bloomberg

Codelco is paying a heavy price for increasing its already heavy debt load to finance late and over-budget projects that are needed to maintain its status as the world’s biggest copper supplier.... 


Aerial view of Richards Bay Coal Terminal.
Decline in coal line security incidents is improving performance – Transnet
29th January 2024 By: Martin Creamer

Security incidents that disrupt trains transporting coal to South Africa’s Richards Bay Coal Terminal (RBCT) for export to the world are in definite decline and that has certainly helped to improve... 


AIC Mines appoints COO
29th January 2024 By: Creamer Media Reporter

Copper and gold company AIC Mines has grown to the point where a COO is warranted and has appointed Tim Benfield to the position, MD Aaron Colleran announced on Monday. “Tim is a perfect fit for... 


Nunavut Planning Commission gives green light for Coppermine project
29th January 2024 By: Creamer Media Reporter

The Nunavut Planning Commission has issued approved licences for the Coppermine project, marking a major step in the permitting process, White Cliff Minerals reported on Monday. The ASX-listed... 


Copper cathode produced in the DRC
Chinese companies to invest up to $7bn in Congo mining infrastructure
29th January 2024 By: Reuters

Chinese construction companies will invest up to $7-billion in infrastructure projects as part of an agreement over their Sicomines copper and cobalt joint venture in the Democratic Republic of... 


Codelco names Braim Chiple as chief commercial officer
29th January 2024 By: Reuters

Chile's State-run Codelco, the world's largest copper producer, named Braim Chiple as its new chief commercial officer, the company said on Friday. Starting on March 15, Chiple, who comes from the... 


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