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Ironveld smelter
Ironveld receives financing interest from South African lender
23rd February 2024 By: Marleny Arnoldi

Aim-listed iron-ore, vanadium and titanium miner Ironveld has received a nonbinding term sheet from a South Africa-based financial institution to provide financing for its mine in South Africa’s... 


Eldorado lifts capex estimate for Greece mining project
Eldorado lifts capex estimate for Greece mining project
23rd February 2024 By: Mariaan Webb

Canada-based Eldorado Gold has increased the capital expenditure (capex) estimate of the Skouries project, in Greece, to $920-million, but between the project finance facility and balance sheet,... 


France’s $1.6bn uranium deal with Mongolia faces delays
23rd February 2024 By: Reuters

A $1.6-billion uranium mining deal between France and Mongolia that is part of French efforts to diversify supplies to power its fleet of nuclear reactors is running into political hurdles. A... 


Sandeep Biswas
Activist investor Elliott to target mining assets worth at least $1 billion
23rd February 2024 By: Reuters

Elliott Management is setting up a company to hunt for global mining assets in the range of at least $1-billion, as it seeks to take advantage of the depressed valuation of groups operating in the... 


Anglo American CEO Duncan Wanblad
Anglo achieves its best ever safety record, but reiterates commitment to zero harm
22nd February 2024 By: Darren Parker

Mining major Anglo American has achieved its lowest ever total recordable injury frequency rate of 1.78 in 2023, down from 2.19 in 2022, along with the company’s lowest ever monthly rate of 0.91 in... 


anglo american sign and logo
Anglo to focus on cost cutting following disappointing 2023 performance
22nd February 2024 By: Darren Parker

Mining major Anglo American chairperson Stuart Chambers and CEO Duncan Wanblad have both expressed disappointment with the company’s financial results for 2023, which were released on February 22.... 


Eramet in talks with France to offload debt from SLN nickel unit
22nd February 2024 By: Reuters

Eramet is in "very advanced talks" with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New... 


An image of UK politician Dominic Raab
Appian appoints UK politician as strategic adviser; forms partnership with SAFE
21st February 2024 By: Tasneem Bulbulia

Investment adviser Appian Capital has appointed Dominic Raab as senior strategic adviser on global affairs. In this newly created role, he will support Appian on geopolitical strategy and risk,... 


Sibanye CEO Neal Froneman
Sibanye incurs $2.58bn in impairments on lower metals prices
21st February 2024 By: Tasneem Bulbulia

Multinational mining and metals processing group Sibanye-Stillwater has incurred impairments of $2.58-billion, or about R47.45-billion, for the 2023 financial year, on the back of the deterioration... 


Glencore's head office
Glencore pleased with its performance against the backdrop of lower commodity, energy prices
21st February 2024 By: Marleny Arnoldi

Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows... 


Aluminum spikes as White House plans fresh sanctions on Russia
21st February 2024 By: Bloomberg

Aluminum surged on speculation that a fresh wave of US sanctions against Russia may target the metal, potentially disrupting supplies. US President Joe Biden said the US plans to unveil a “major”... 


First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing
First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing
21st February 2024 By: Mariaan Webb

Canada-headquartered First Quantum Minerals, which is facing a major challenge with the closure of its flagship Panama mine, is making progress with its balance sheet initiatives. These include,... 


An image depicting Petra Diamonds CEO Richard Duffy
Petra urges discipline among diamond producers to ensure balanced inventory levels
20th February 2024 By: Sabrina Jardim

Despite its exposure to various risks and uncertainties, such as rough diamond prices, political instability and liquidity challenges – which could have a material impact on its long-term... 


Antofagasta CEO Ivan Arriagada
Antofagasta says profit up 5% in 2023, cuts dividend
20th February 2024 By: Reuters

Chile's Antofagasta on Tuesday reported a 5% rise in 2023 profit as copper production and prices increased, offsetting higher costs. Although the mining group reported earnings before interest,... 


Goldman, hedge funds step up activity in physical uranium as prices spike
Goldman, hedge funds step up activity in physical uranium as prices spike
20th February 2024 By: Reuters

Investment banks Goldman Sachs and Macquarie, as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient... 


Copper 360 CEO Jan Nelson.
Rich new Copper 360 discovery points to big Chile-type copper mine potential
20th February 2024 By: Martin Creamer

Okiep Copper Company, which mining company Newmont established in 1937, is today one of the 100%-owned subsidiaries of South Africa’s Copper 360, the only pure copper play listed on the... 


BHP CEO Mike Henry
Worst of inflationary wave over, says BHP CEO
20th February 2024 By: Mariaan Webb

Diversified mining group BHP CEO Mike Henry has expressed confidence in a more favourable economic outlook for 2024, declaring that the worst of the global inflationary wave is over. BHP, which on... 


Polymetal CEO Vitaly Nesis
Polymetal to sell Russian unit for $3.7bn
19th February 2024 By: Bloomberg

Gold miner Polymetal International will sell its sanctioned Russian unit in a deal worth a total of nearly $3.7-billion, the Kazakhstan-registered firm said in a statement. The business will be... 


Rare earth oxides
Altona diversifies into other critical materials
19th February 2024 By: Marleny Arnoldi

While London-listed Altona Rare Earths advances its Monte Muambe rare earths project, in Mozambique, the company has also decided to pursue a balanced portfolio of critical raw materials projects... 


New Cascabel PFS cuts initial capex
19th February 2024 By: Creamer Media Reporter

London- and Toronto-listed SolGold has announced the results of a new prefeasibility study (PFS) for the Cascabel project, in Ecuador, which supports a phased block cave mine development that... 


SSR Mining says environmental permit for Turkey mine has been revoked
SSR Mining says environmental permit for Turkey mine has been revoked
19th February 2024 By: Reuters

Canada-listed gold miner SSR Mining said late on Sunday that its environmental permit for a gold mine in eastern Turkey has been revoked. The operations at the company's Copler mine will remain... 


Rusal to add Abramovich to lawsuit against Potanin over nickel miner pact
19th February 2024 By: Reuters

Aluminium giant Rusal obtained permission by a London court on Friday to add Russian billionaire Roman Abramovich and his firm Crispian Investments as defendants in the case against Vladimir... 


SSR Mining says eight employees detained after Turkey mine landslide
SSR Mining says eight employees detained after Turkey mine landslide
19th February 2024 By: Reuters

Gold miner SSR Mining said on Friday that eight of its employees have been detained amid an investigation into a landslide at its mine in Turkey and that operations there remain suspended. SSR... 


Vedanta starts provision of funding to KCM in Zambia
16th February 2024 By: Tasneem Bulbulia

Global natural resources company Vedanta Resources has started providing funding to Konkola Copper Mines (KCM), in Zambia, and has disbursed its first $25-million for employee salaries, contract... 


Long stop date for Xtract’s disposal of Mozambique project extended
16th February 2024 By: Tasneem Bulbulia

Aim-listed Xtract Resources says the long stop date in relation to the disposal of its entire interests in the Manica gold project, in Mozambique, has been extended from February 15 to February 23... 


Bushveld's Vametco operation
SPR commits to paying full $12.5m owed to Bushveld by end-Feb
16th February 2024 By: Marleny Arnoldi

Aim-listed vanadium producer Bushveld Minerals has recieved an additional R76-million, or $4-million, from Southern Point Resources (SPR) in respect of a subscription agreement; however, SPR... 


First Quantum exercises option over two licences in Zambia
16th February 2024 By: Tasneem Bulbulia

Canada-based First Quantum Minerals (FQM) has exercised its option over the remaining two licences in the Central Africa Copperbelt from an object agreement with London-listed African Pioneer’s... 


An image of Sylvania Platinum CEO Jaco Prinsloo
Updated MRE for Sylvania’s Volspruit project shows improved grades
16th February 2024 By: Tasneem Bulbulia

Aim-listed Sylvania Platinum has announced the completion of a mineral resource estimate (MRE) update for its Volspruit project, located on the Northern Limb of the Bushveld Complex in South... 


South32 CEO Graham Kerr.
Crucial decarbonisation investigation into Hillside Aluminium is continuing intensely
16th February 2024 By: Martin Creamer

Solutions to support decarbonisation, while ensuring operational competitiveness into the future, are continuing to be intensely investigated at South Africa's large Hillside Aluminium operation in... 


France offers loan to New Caledonia nickel firm Prony to avert collapse
France offers loan to New Caledonia nickel firm Prony to avert collapse
15th February 2024 By: Reuters

France has agreed to provide a €140-million loan to Prony Resources to avert the collapse of the New Caledonian nickel producer as Paris pursues negotiations to salvage the Pacific territory's... 


Premier to raise £2.48m for its Zulu project
15th February 2024 By: Tasneem Bulbulia

Aim-listed Premier African Minerals intends to raise £2.48-million before expenses through a subscription to advance its Zulu lithium and tantalum project. “This placement assures Zulu of plant... 


Sean Wade to be appointed Katoro chairperson subject to due diligence
15th February 2024 By: Tasneem Bulbulia

Aim-listed Katoro Gold has announced the proposed appointment of Sean Wade as nonexecutive chairperson of the company, conditional only on the satisfactory completion of stock market due diligence,... 


Palladium bars.
Now palladium comes under the Heraeus-Sibanye spotlight to boost hydrogen economy
15th February 2024 By: Martin Creamer

Germany’s Heraeus Precious Metals and South Africa’s Sibanye-Stillwater are partnering to explore new applications for platinum-group metals (PGMs) in the hydrogen economy, with a specific focus on... 


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