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North America

Gold bars
Perseus extends OreCorp takeover offer window to April 19
8th March 2024 By: Marleny Arnoldi

ASX-listed Perseus Mining has released a second supplementary bidder’s statement in relation to its off-market takeover bid for all issued ordinary shares of fellow-listed OreCorp, which extends... 


New Brazil copper mine gearing up to start production
8th March 2024 By: Mariaan Webb

Construction of the Tucumã mine, in Brazil, is nearing completion and dual-listed Ero Copper is now gearing up for production to begin in the second half of this year. The $310-million new mine... 


Panama asks First Quantum to suspend visitor program at disputed copper mine
Panama asks First Quantum to suspend visitor program at disputed copper mine
8th March 2024 By: Reuters

anama said on Wednesday it had asked First Quantum Minerals to suspend a visitor program launched last month at the disputed Cobre Panama mine, saying the miner did not consult the government... 


Ramelius owns the Edna May mine.
Australian explorer Ramelius confirms talks to acquire Karora Resources
8th March 2024 By: Reuters

Australian gold miner Ramelius Resources on Friday confirmed it is in discussions with Karora Resources for a potential acquisition of the Canada-based mine operator. Shares of Ramelius were up... 


ARM Executive Chairperson Dr Patrice Motsepe.
ARM declares interim dividend from robust net cash position
8th March 2024 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of... 


Canada’s IPO drought reaches a full year with no end in sight
8th March 2024 By: Bloomberg

Canada’s biggest market for initial public offerings is marking a grim milestone of a full year without a new listing, and with investors focused on a narrow set of themes, senior bankers don’t... 


Gold bars
Gold-backed ETFs record ninth month of outflows
7th March 2024 By: Marleny Arnoldi

Gold-backed exchange-traded flows (ETFs) recorded another outflow in February, extending their losing streak to nine months, with North America in the lead. Total assets under management... 


Elemental Energy’s Dereck Armstrong.
Stationary hydrogen power highlighted as major solution by Toyota fuel cell-using developer
7th March 2024 By: Martin Creamer

When Engineering News & Mining Weekly covered last month’s local launch of BMW’s first hydrogen car fleet on South Africa's roads, we discovered that BMW’s hydrogen refilling station in Midrand is... 


Tsumeb is one of the few smelters globally that can treat complex polymetallic concentrates, including those with higher arsenic content.
Chinese group to buy Dundee's Namibia smelter
7th March 2024 By: Mariaan Webb

Canadian miner Dundee Precious Metals (DPM) will sell its Tsumeb smelter, in Namibia, to Sinomine Resources for $49-million in cash. Tsumeb is one of the few smelters globally that can treat... 


Murray & Roberts CEO Henry Laas
M&R weighing capital-light re-entry into Australian mining market
7th March 2024 By: Terence Creamer

JSE-listed Murray & Roberts (M&R) says it still intends to regain a foothold in the Australian mining market, which it lost when RUC’s Australian holding company entered voluntary administration in... 


Sprott Asset Management launches copper miners ETF
Sprott Asset Management launches copper miners ETF
7th March 2024 By: Creamer Media Reporter

Sprott Asset Management has launched a Copper Miners exchange-traded fund (ETF), with Freeport-McMoRan, Antofagasta and Southern Copper Corp as its top holdings by weight, it said on Wednesday. The... 


Olympio’s equity raising to accelerate Quebec lithium project
7th March 2024 By: Creamer Media Reporter

Australia-listed Olympio Metals has announced that it has received firm commitments to raise about A$1.1-million, or C$1-million, through a flow-through share placement under the Income Tax Act of... 


$3.2bn investment commitment for SolGold’s Ecuador project
$3.2bn investment commitment for SolGold’s Ecuador project
7th March 2024 By: Mariaan Webb

London- and Toronto-listed SolGold has announced a complementary investment protection agreement (IPA) for the Cascabel project, in Ecuador. The signing of a joint declaration with the government... 


Wilkinson announces C$15m to support Canada’s mining sector
7th March 2024 By: Mariaan Webb

Energy and Natural Resources Minister Jonathan Wilkinson has announced federal investments of more than C$15-million in projects to increase Indigenous participation and support the development of... 


UBS ditches Credit Suisse plan to phase out coal financing
7th March 2024 By: Bloomberg

UBS Group is set to scrap a planned phaseout of coal financing that Credit Suisse had backed, as the global wealth manager prepares to unveil how the merged bank will tackle climate change. After... 



Jervois mothballed a project in Idaho, which would have been the first new US cobalt mine in decades, about a year ago.
Struggling Australian cobalt miner blames Chinese overproduction for job cuts
7th March 2024 By: Bloomberg

Australian miner Jervois Global is cutting costs and jobs in response to a plunge in cobalt prices that it’s blaming on Chinese oversupply. The cobalt and nickel producer has axed or made... 


First Quantum's Panama mine closure to cost around $800m, Minister says
First Quantum's Panama mine closure to cost around $800m, Minister says
7th March 2024 By: Reuters

The cost of the closure of Canadian miner First Quantum's copper mine in Panama is estimated at around $800-million, Trade and Industry Minister Jorge Rivera said on Wednesday. An inter-ministry... 


3 workers or engineers in PPE on a construction or mining site
M&R gets back on track with narrowed losses, lower debt
6th March 2024 By: Darren Parker

JSE-listed Murray & Roberts (M&R) has reported a significant year-on-year reduction in its attributable loss for the six months ended December 31, 2023, signalling a positive turn in its financial... 


World Platinum Investment Council Director of Research Edward Sterck.
Automotive demand for platinum expected to hit seven-year high this year
6th March 2024 By: Martin Creamer

This year could potentially turn out to be quite an interesting year for platinum as a commodity and also as an investment, with the 2023 platinum market deficit of 878  000 oz forecast to be... 


Resources Watch
Resources Watch
6th March 2024

This week: Implats expecting phased reduction in group output; Green energy integrated into Harmony Gold operations and, Harmony Gold board approves R7.9bn project on back of superb half-year results 


Evolution recruits Guay from Agnico Eagle for CTO role
6th March 2024 By: Creamer Media Reporter

Australia-based Evolution Mining has appointed Nancy Guay as chief technical officer (CTO) accountable for various technical functions, including studies, projects, long-term planning and technical... 


Fortuna takes option over Turaco’s Tongon North project
6th March 2024 By: Mariaan Webb

West African miner Fortune Silver Mines has taken an option over an 80% interest in five granted exploration permits that make up Australian junior Turaco Gold’s Tongon North project, in Cote... 


SRG Mining scraps C$16.9m deal with China's C-ONE as Canada tightens scrutiny
6th March 2024 By: Reuters

Graphite miner SRG Mining on Tuesday called off a C$16.9-million investment deal with China's Carbon ONE New Energy Group (C-ONE) following heightened scrutiny from the Canadian government. Shares... 


Future of First Quantum mine is for the people of Panama to decide, US official says
Future of First Quantum mine is for the people of Panama to decide, US official says
6th March 2024 By: Reuters

A dispute between First Quantum Minerals and Panama over the Canadian company's flagship copper mine in the Central American nation is an issue for the people of Panama to decide, a top US official... 


Gold steady after surging to record on rate-cut bets, haven bids
Gold steady after surging to record on rate-cut bets, haven bids
6th March 2024 By: Bloomberg

Gold steadied after surging to a record high in the previous session, boosted by expectations for US rate cuts, geopolitical tensions and the risk of a pullback for equity markets. Bullion rose to... 


Natural Resources Minister Jonathan Wilkinson
Chinese money can’t be solution for cash-strapped Canadian miners, Minister says
6th March 2024 By: Bloomberg

Chinese investment can’t be the solution for cash-strapped Canadian miners seeking financial backing, according to Canada’s Natural Resources Minister. “We need to be working to solve access to... 


Pantera increases acres leased in Superbird project
5th March 2024 By: Creamer Media Reporter

Lithium developer Pantera Minerals has leased an additional 3 553 acres within the Smackover brine project area, expanding the acres leased within the lithium target area Superbird by 26%. The... 


Sibanye-Stillwater CEO Neal Froneman
Sibanye-Stillwater highlights its full confidence in price-hit platinum group metals
5th March 2024 By: Martin Creamer

While the operating environment remains challenging, with macro-economic and geo-political uncertainty persisting, the medium- to long-term view of Sibanye-Stillwater remains largely unchanged on... 


Uranium producer enCore sees first shipment from Rosita plant next week
Uranium producer enCore sees first shipment from Rosita plant next week
5th March 2024 By: Reuters

Uranium producer enCore Energy said on Tuesday it expects to deliver the first shipment of uranium from its restarted Rosita Central Processing Plant next week. enCore is one of the many mining... 


Gold Fields completes divestment of interest in Ghana gold mine
5th March 2024 By: Tasneem Bulbulia

Gold miner Gold Fields has concluded the sale of its 45% effective interest in the Asanko mine, in Ghana, to Galiano Gold for $170-million plus a 1% net smelter royalty (NSR) on future production... 


Ganfeng Lithium plans to buy stake in Proyecto Pastos Grandes
5th March 2024 By: Reuters

Ganfeng Lithium said on Tuesday it plans to buy a stake of at least 14.8% in a subsidiary of Lithium Americas Argentina, as China's leading lithium producer ramps up its efforts to secure... 


SSR to pay for landslide cleanup at Turkish mine, Minister says
5th March 2024 By: Bloomberg

The Turkish unit of SSR Mining will pay for all cleanup costs following a landslide at its Copler gold mine in eastern Turkey, a top government official said, without citing a specific figure.... 


Menar MD Vuslat Bayoglu
South Africa's Menar clinches mining MoU with government of Gabon
5th March 2024 By: Martin Creamer

South Africa’s consistently advancing mining investment company Menar has signed a memorandum of agreement with the government of Gabon. “We think that Gabon is one of the promising countries when... 


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pqt: 1.166s - ct: 1.233s - 348pq - 2rq
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