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WA poised to become Silicon Valley of mining innovation, says Rio Tinto
WA poised to become Silicon Valley of mining innovation, says Rio Tinto
10th April 2024 By: Mariaan Webb

Australian mining giant Rio Tinto has forged a strategic partnership with a global venture studio and startup investor, Founders Factory, to catalyse the development and commercialisation of... 


Tharisa CEO Phoevos Pouroulis
Tharisa reports strong operational performance for the March quarter
10th April 2024 By: Creamer Media Reporter

Platinum group metals (PGMs) and chrome miner Tharisa performed well, operationally, in the quarter ended March 31, CEO Phoevos Pouroulis says. The company produced 35 300 oz of PGMs in the quarter... 


An aerial view of the Blanket mine
Caledonia's Blanket mine lifts its first-quarter output by 6% y/y
10th April 2024 By: Chanel de Bruyn

Gold miner Caledonia Mining Corporation has reported a 6% year-on-year increase in production from its Blanket mine, in Zimbabwe, to 17 050 oz for the first quarter of this year. Gold sales also... 


Resources Watch
Resources Watch
10th April 2024

This week: Current low PGM prices not reflective of supply/demand fundamentals – Nedbank CIB and new electrochemical PGMs demand on way, iridium scarcity fears eased still further 


Gold holds record high ahead of pivotal US inflation figures
Gold holds record high ahead of pivotal US inflation figures
10th April 2024 By: Bloomberg

Gold held a record high as investors positioned for US inflation data that could help shape the Federal Reserve’s outlook on interest rates. Bullion was little changed after closing at $2 352.78... 


Baltimore port closure means 35% drop in April US coal exports
Baltimore port closure means 35% drop in April US coal exports
10th April 2024 By: Bloomberg

Closure of the Port of Baltimore — America’s second-biggest hub for coal — has choked exports of the fossil fuel, with flows expected to plunge 35% this month. Exports will slump 6.3% for the... 


The Spence copper concentrator
BHP set to dethrone Codelco as world’s biggest copper producer
10th April 2024 By: Bloomberg

The copper industry is about to get a new leader as BHP Group overtakes Codelco in the global producer rankings, according to Bloomberg Intelligence estimates. As long as BHP’s giant Escondida... 


Gina Rinehart
Australian magnate Rinehart takes stake in US miner MP Materials
10th April 2024 By: Bloomberg

US rare-earths producer MP Materials said Australian billionaire Gina Rinehart's mining firm had taken a 5.3% stake in the company, expanding her investments in the mineral ore sector. In a... 


Vitol CEO Russel Hardy
Vitol CEO confirms energy trading giant is getting into metals
10th April 2024 By: Bloomberg

Vitol Group confirmed that it’s starting rebuild a trading book for metals after a long stint out of the market, with an “exciting decade” ahead. “It’s a relatively small addition to our... 


Hydrogen economy, platinum group metals go together.
Platinum-linked green hydrogen set to be world’s ‘new oil’, Forbes article highlights
10th April 2024 By: Martin Creamer

There's no climate solution without hydrogen. It’s the missing piece of the clean energy puzzle, says a global CEO-led initiative that brings together leading companies with a united vision. This... 


US President Joe Biden and US flag
Institute urges US to make concerted efforts to partner with African countries on critical minerals
9th April 2024 By: Marleny Arnoldi

A study group convened by the United States Institute of Peace (USIP) has made multiple recommendations for the US government to support mutually beneficial public and private partnerships in... 


Bankan gold project in Guinea yields ‘promising’ exploration results
9th April 2024 By: Darren Parker

ASX-listed Predictive Discovery has revealed “promising” findings from its regional drilling activities at the Bankan gold project, in Guinea, which has a substantial 5.38-million-ounce gold... 


Copper mining operation in Zambia
Zambian govt grants EIA for Konkola West exploration, triggering KoBold’s earn-in drilling to start
9th April 2024 By: Marleny Arnoldi

The Zambian Minister of Mines has approved the environmental-impact assessment (EIA) that provides for a subsidiary of KoBold Metals to earn into Tertiary Minerals Zambia’s exploration licence over... 


Zinc
Excess market supply drags zinc prices lower, says BMI
9th April 2024 By: Marleny Arnoldi

Research agency BMI maintains a lower price forecast for zinc this year, at $2 500/t, compared with the yearly average price of $2 651/t in 2023, as excess market supply drags prices. BMI says an... 


Guinea, partners get $15bn funds for top iron-ore deposit
9th April 2024 By: Bloomberg

Guinea said shareholders involved in Simandou, the biggest untapped iron-ore reserve globally, have signed $15-billion in financing agreements for the project. The accords provide funds for rail... 


Nickel Industries attracts strong interest for its Indonesian supply
9th April 2024 By: Reuters

More than 25 global auto and battery makers have expressed interest in buying nickel from Australia-listed producer Nickel Industries' new Indonesian plant, CEO Justin Werner said on Tuesday, in... 


Eskom to ramp down planned maintenance to 3 000 MW in winter
Eskom aims to keep breakdowns below 14 GW this winter as it cuts diesel budget
9th April 2024 By: Terence Creamer

State-owned electricity utility Eskom will reduce planned maintenance to 3 000 MW during the upcoming winter season and will seek to keep unplanned breakdowns to below 14 000 MW in a bid to... 


Lithium market struggles to recover after epic boom and bust
Lithium market struggles to recover after epic boom and bust
9th April 2024 By: Bloomberg

A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was followed by an even more breathtaking collapse: a fast-expanding industry that is... 


Strandline makes key appointments, gives operations update
9th April 2024 By: Creamer Media Reporter

Mineral sands company Strandline Resources has announced the appointment of Rober Ierace as CFO and Robert Stevenson as GM of operations for its Coburn project, in Western Australia. Ierace was... 


Peninsula strengthens board and management team
9th April 2024 By: Creamer Media Reporter

ASX-listed Peninsula Energy has appointed David Coyne as nonexecutive director and Willie Bezuidenhout as interim CFO. Coyne and Bezuidenhout start their respective new roles at an exciting time... 


Volt’s funding pipeline exceeds A$150m
Volt’s funding pipeline exceeds A$150m
9th April 2024 By: Mariaan Webb

Critical minerals and battery materials company Volt Resources has submitted multiparty bids for nondilutive funding that have the potential to deliver more than A$150-million to the company. Volt,... 


Altona enters into agreement with Ignate for Botswana copper/silver project
9th April 2024 By: Darren Parker

London-listed Altona Rare Earths has entered into a binding option agreement with Ignate African Mining concerning the exploration for copper and silver on prospecting licence (PL) 2329/2023,... 


Orion sells $100m stake in Sweetwater Royalties
9th April 2024 By: Creamer Media Reporter

Metals and materials investment firm Orion Resources Partners has announced the sale of a minority interest in private industrial minerals royalty Sweetwater Royalties to a Canadian pension fund.... 


Ascot begins ore processing at Premier
Ascot begins ore processing at Premier
9th April 2024 By: Creamer Media Reporter

Canadian miner Ascot Resources has started ore processing at the Premier gold project (PGP) in British Columbia, marking a key milestone in commissioning the new mine. Rock was introduced into the... 


Shanta discovers promising mineralisation around New Luika, Singida mines
9th April 2024 By: Marleny Arnoldi

Aim-listed Shanta Gold has discovered various gold intercepts on the Jamhuri Main, Bauhinia Creek and Elizabeth Hill deposits around its New Luika mine, in Tanzania. Shanta is aiming to convert... 


Perpetua gets nod to pursue $1.8bn US loan for gold/antimony mine
Perpetua gets nod to pursue $1.8bn US loan for gold/antimony mine
9th April 2024 By: Mariaan Webb

Nasdaq- and TSX-listed Perpetua Resources has received a letter of interest from the Export-Import Bank of the US (Exim), signalling a step forward in its financing endeavours for the Stibnite gold... 


Aris appoints CFO, senior VP for capital markets
9th April 2024 By: Creamer Media Reporter

Toronto-listed Aris Mining has announced the appointment of Richard Orazietti as CFO and Oliver Dachsel as senior VP of capital markets. Welcoming the two new additions to Aris’ management team,... 


Botswana Diamonds chairperson John Teeling.
Artificial intelligence to be applied to Botswana Diamonds’ database
9th April 2024 By: Martin Creamer

London- and Botswana-listed diamond company Botswana Diamonds is going to apply artificial intelligence (AI) techniques to its Botswana database, the company said on Tuesday, April 9. Involved are... 


OCP CEO Mostafa Terrab and Fortescue chairperson Andrew Forrest
Fortescue forges green hydrogen, ammonia partnership with OCP in Morocco
9th April 2024 By: Creamer Media Reporter

Fortescue Energy, part of Australian iron-ore major Fortescue, on Tuesday unveiled a joint venture with Morocco-headquartered plant nutrition and phosphate-based fertiliser supplier OCP Group. The... 


Vale withdraws from Serabi exploration venture
9th April 2024 By: Mariaan Webb

Diversified miner Vale has opted to withdraw from an exploration venture with Serabi Gold, as confirmed by the Aim- and TSX-listed mining and development said on Monday. Despite this change, CEO... 


The gold market hunts for answers behind bullion’s sudden surge
The gold market hunts for answers behind bullion’s sudden surge
9th April 2024 By: Bloomberg

Gold’s scorching run to an all-time high may seem easy to explain from a distance, given the fractious geopolitical climate and murky outlook for the global economy. The precious metal is famously... 


BMO drops anti-coal policy amid Wall Street rebuke of ESG
BMO drops anti-coal policy amid Wall Street rebuke of ESG
9th April 2024 By: Bloomberg

BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia. The change came to light Monday... 


Image says WA mineral sands project advances to Minister approval
8th April 2024 By: Creamer Media Reporter

The Atlas mineral sands project, north of Perth, is advancing to final Ministerial approval, ASX-listed Image Resources said on Monday. This comes as a three-week review period following the... 


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SMS group
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pqt: 4.249s - ct: 4.322s - 346pq - 2rq
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