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An image of Ionic MD Tim Harrison
IonicRE raises $5.5m in a placement
24th April 2024 By: Tasneem Bulbulia

ASX-listed Ionic Rare Earths (IonicRE) has received firm commitments to raise $5.5-million, before costs, by way of a share placement of about 423-million shares. The placement includes... 


Ironveld enters facility agreement with Tracarta
24th April 2024 By: Sabrina Jardim

Aim-listed mining development company Ironveld has entered into a further working capital loan facility agreement with shareholder Tracarta, in which Ironveld chairperson John Wardle has a... 


The Grasberg mine in Indonesia
Miner Freeport-McMoRan beats quarterly profit estimates on strong production
24th April 2024 By: Reuters

Copper miner Freeport-McMoRan beat Wall Street estimates for first-quarter profit on Tuesday, helped by higher production and easing costs. The mining giant said its quarterly production of copper... 


G Mining draws remaining $33m for TZ project
24th April 2024 By: Creamer Media Reporter

Toronto-listed G Mining Ventures (GMIN) has successfully drawn the remaining $33-million on its $75-million senior secured term loan with an affiliate of Franco-Nevada, in accordance with an... 


rough diamonds being sorted using tweezers
Diamond council urges industry to transition to revised System Of Warranties urgently
24th April 2024 By: Darren Parker

The World Diamond Council’s (WDC’s) revised System of Warranties (SoW) is set to reach its first critical deadline on September 21, when it becomes obligatory for all rough diamond sales.   “We... 


An image of the Gemfields’ Montepuez mine
Gemfields releases updated ‘G-Factor for Natural Resources’ figures
24th April 2024 By: Tasneem Bulbulia

London-listed Gemfields has announced updated ‘G-Factor for Natural Resources’ figures for the 12 months to December 31, 2023, and has also once again invited governance bodies, extractive... 


Codelco chairman says SQM lithium deal set to give 85% of benefits to state
24th April 2024 By: Reuters

Chile's government is expected to receive 85% of "associated benefits" including taxes and lease payments from a planned partnership between state-run copper miner Codelco and lithium company SQM... 


Champion Iron eyes expansion beyond 15Mt/y at Bloom Lake
Champion Iron eyes expansion beyond 15Mt/y at Bloom Lake
24th April 2024 By: Mariaan Webb

Canadian miner Champion Iron is considering a significant expansion of its production capacity at the Bloom Lake mine, in Quebec. CEO David Cataford says Champion’s technical team is assessing the... 


Copper 360 CEO Jan Nelson.
Copper 360 ships concentrate, on course to pay first dividend next year
24th April 2024 By: Martin Creamer

South Africa's rapidly advancing copper producer Copper 360 has shipped copper concentrate from the Northern Cape province for the first time in 21 years, which saw its shares rise by more than 26%... 


Woodside investors vote down climate plan, rebuking Australia's top gas producer
Woodside investors vote down climate plan, rebuking Australia's top gas producer
24th April 2024 By: Reuters

Shareholders rejected Woodside Energy's climate plan on Wednesday, marking a symbolic victory for activists who have called for Australia's biggest gas producer to stop new fossil fuel projects,... 


The Kalgoorlie rare earths processing plant
Lynas ups Kalgoorlie capital costs budget to A$800m
24th April 2024 By: Mariaan Webb

Rare earths miner Lynas has added another A$70-million to the final cost estimate of its delayed Kalgoorlie processing facility, with the full cost now set to come in at A$800-million. This... 


The Greenstone mine will be one of Canada's largest and highest grade mines.
Equinox acquires full ownership of Greenstone for $995m
24th April 2024 By: Mariaan Webb

Vancouver-based Equinox Gold has announced the acquisition of Orion Mine Finance’s 40% interest in Greenstone Gold Mines for $955-million. This gives Equinox full ownership of what it describes as... 


LME moves to stop gaming of Russian aluminium sanctions-based rule
LME moves to stop gaming of Russian aluminium sanctions-based rule
24th April 2024 By: Reuters

The London Metal Exchange (LME) moved on Tuesday to stop traders from taking Russian aluminium from its approved warehouses and returning it at a later date to profit from rule changes to comply... 


enCore Energy CEO Paul Goranson
enCore CEO balances ambitious production goals with workforce challenges
24th April 2024 By: Mariaan Webb

As US-based uranium miner enCore Energy charts its path towards significantly ramping up production, the company faces a dual challenge of aggressive expansion and ensuring the retention of key... 


OceanaGold's Didipio mine
OceanaGold prices $106m IPO of Philippine unit
24th April 2024 By: Reuters

Toronto-listed miner OceanaGold said on Wednesday it will raise 6.08-billion pesos ($106-million) through an initial public offering (IPO) of its Philippine unit, the first listing in the Southeast... 


Fortescue reports 6% dip in quarterly iron-ore shipments
Fortescue reports 6% dip in quarterly iron-ore shipments
24th April 2024 By: Mariaan Webb

Australian green energy and iron-ore giant Fortescue has revealed a 6% decline in third-quarter iron-ore shipments, attributed to the repercussions of an ore car derailment on December 30, coupled... 


Graphite expert appointed to Kasiya development team
23rd April 2024 By: Creamer Media Reporter

ASX- and Aim-listed Sovereign Metals has appointed consultant Dr Surinder Ghag to its owner’s team as chief technology officer for graphite. Ghag will assist Sovereign’s graphite strategy in... 


Boss produces first drum of uranium
23rd April 2024 By: Creamer Media Reporter

Australia’s Boss Energy has produced its first drum of uranium at its Honeymoon uranium project, in South Australia. This is a milestone as part of the commissioning process at Honeymoon, which... 


Dr Surinder Ghag appointed Sovereign chief technology officer
23rd April 2024 By: Sabrina Jardim

Aim- and ASX-listed Sovereign Metals has appointed graphite and battery anode specialist consultant Dr Surinder Ghag as chief technology officer of graphite. Ghag will assist Sovereign's graphite... 


Graphite sample
Marula secures eight mining licences next to existing graphite projects in Tanzania
23rd April 2024 By: Marleny Arnoldi

UK- and South Africa-listed battery metals miner Marula Mining has advised that its NyoriGreen Mining Limited (NML) subsidiary has been granted eight new mining licences in Tanzania. A... 


TMC produces first nickel sulphate from deep seafloor polymetallic nodules
TMC produces first nickel sulphate from deep seafloor polymetallic nodules
23rd April 2024 By: Creamer Media Reporter

Exploration company TMC has successfully produced nickel sulphate exclusively from seafloor polymetallic nodules. This, the Nasdaq company says, has never been accomplished before. Conducted in... 


Gas tanks
Invictus partners with Zim-focused gold miner to investigate gas supply to Eureka mine
23rd April 2024 By: Marleny Arnoldi

ASX-listed Invictus Energy has signed a memorandum of understanding (MoU) that could lead to a maiden gas offtake agreement with Dallaglio Investments, involving the supply of gas to the Eureka... 


Bushveld warns it may have to halt some operations amid funding constraints
23rd April 2024 By: Marleny Arnoldi

Aim-listed Bushveld Minerals recorded record quarterly production of 498 t of vanadium from the Vanchem operation, in Mpumalanga, South Africa, for the three months ended March 31, as well as... 


Lhyfe Founder and CEO Matthieu Guesné.
New green hydrogen trading base uplifting platinum group metals demand outlook
23rd April 2024 By: Martin Creamer

The green hydrogen sector now has a digital platform on which users can buy and sell green hydrogen by the click of a button, it was announced on Tuesday.  Euronext-listed Lhyfe, the French group... 


MAC sketches long-life vision for CSA copper mine
MAC sketches long-life vision for CSA copper mine
23rd April 2024 By: Creamer Media Reporter

NYSE- and ASX-listed Metals Acquisition Limited (MAC) has announced a new resource and reserve statement for the CSA copper mine, in Australia, outlining a vision for a long-life operation.... 


Renström in the Boliden area is Sweden's deepest mine
Boliden's profit halves as strikes, bad weather weigh
23rd April 2024 By: Reuters

Swedish miner Boliden's first-quarter operating profit fell more than 50% as bad winter weather, lower mining grades and labour strikes weighed on earnings, it said on Tuesday. Operating profit... 


China can't quit coal by 2040, researchers say, despite global climate goals
China can't quit coal by 2040, researchers say, despite global climate goals
23rd April 2024 By: Reuters

China's coal consumption will fall by just one-third by 2040, according to a report by a European consultancy published on Tuesday, threatening climate targets that call for phasing out much of... 


Sasol petrol station
Macroeconomic factors dampen Sasol’s year-to-date performance
23rd April 2024 By: Marleny Arnoldi

NYSE- and JSE-listed petrochemicals company Sasol says its energy business benefitted from higher basic fuel prices, as well as improved refining margins towards the end of the nine months ended... 


Kumba CEO Mpumi Zikalala
Kumba’s first-quarter sales fall 10% on port challenges
23rd April 2024 By: Sabrina Jardim

Anglo American subsidiary Kumba Iron Ore has reported a 10% year-on-year decrease in sales to 8.5-million tonnes for the quarter ended March 31, on the back of port performance challenges. About... 


Copper 360 CEO Jan Nelson
Copper 360 asks FSCA to investigate 'unusual' trades in its shares
23rd April 2024 By: Creamer Media Reporter

JSE-listed copper miner Copper 360 has informed shareholders that it has noticed "unusual and uncommercial" trades in its shares, resulting in a substantial drop in its traded price. "The trades in... 


Canada Nickel excercises Mann property option
23rd April 2024 By: Creamer Media Reporter

Canada Nickel Company has exercised its option to acquire an 80% interest in the Mann Nickel property from Noble Mineral Exploration as the TSX-V-listed junior consolidates its interests in bulk... 


Rio Tinto, Eramet and LG Energy seek to develop lithium extraction tech for Chile
23rd April 2024 By: Reuters

Rio Tinto, Eramet and LG Energy are among 30 companies that have submitted proposals to develop lithium extraction technology for a Chilean salt flat in the early stages of exploration, state-run... 


Anglo CE Duncan Wanblad.
Anglo pleased with copper's first-quarter performance
23rd April 2024 By: Martin Creamer

Copper production increasing by 11% as Quellaveco achieved its highest plant throughput rate in Peru, and Collahuasi and El Soldado in Chile benefitting from higher copper grades were among the... 


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