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South America

Errol Smart
Northern Cape copper revival receives yet another promising forward nudge
23rd January 2024 By: Martin Creamer

South Africa’s prospective Northern Cape province on Tuesday received yet another promising forward nudge along the road to copper-revival in the form of development obstacles being moved out of... 


Nickel prices keep slumping even as mines close
Nickel prices keep slumping even as mines close
23rd January 2024 By: Bloomberg

Nickel continued its slump, heading toward the lowest level in more than three years, even as the collapse in prices for the metal force mines to shutter. The metal used in stainless steel and... 


Codelco wins shareholder approval to secure first lithium asset
Codelco wins shareholder approval to secure first lithium asset
23rd January 2024 By: Bloomberg

Codelco, the world’s biggest copper producer, won approval to buy Lithium Power International after shareholders of the Australian junior voted in favor of a takeover that diversifies the Chilean... 


First Quantum shareholder SailingStone told miner about 'missed opportunities'
First Quantum shareholder SailingStone told miner about 'missed opportunities'
23rd January 2024 By: Reuters

SailingStone Capital Partners, a shareholder in First Quantum Minerals, said on Monday it had told the Canadian miner about historic "missed opportunities" in the management of its balance sheet... 


Supply risks fuel uranium's flight to more than 16-year peak
22nd January 2024 By: Reuters

Uranium prices have hit their highest in more than 16 years on a buying frenzy triggered after the world's largest miner of the nuclear fuel highlighted production risks, but the price surge is... 


Nickel price crash seen strengthening Indonesia's grip on supply
Nickel price crash seen strengthening Indonesia's grip on supply
22nd January 2024 By: Bloomberg

A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply. The metal used in... 


South32 CEO Graham Kerr
Strong showing by South Africa’s Hillside helps to lift South32 to record aluminium output
22nd January 2024 By: Martin Creamer

Ongoing strong performance by South Africa’s Hillside Aluminium operation in KwaZulu-Natal has helped diversified mining company South32 achieve record half-year aluminium production. Moreover,... 


Barrick president and CE Mark Bristow
Barrick hands over Kahama terminal to Tanzanian govt, revives two mines
22nd January 2024 By: Marleny Arnoldi

International gold miner Barrick Gold Corporation has concluded an eight-month partnership with the Tanzania Airport Authority (TAA) by handing over a new airport terminal built at the closed... 


Lula pushes ally for Vale CEO as Brazil’s iron-ore miner weighs succession
Lula pushes ally for Vale CEO as Brazil’s iron-ore miner weighs succession
22nd January 2024 By: Bloomberg

Political lobbying as much as boardroom maneuvering could determine who wins the race to become the next boss of Vale, the world’s No. 2 iron-ore producer. Brazilian President Luiz Inacio Lula da... 


The Illawarra metallurgical coal mine in Australia
South32 coal production falls sharply
22nd January 2024 By: Mariaan Webb

Diversified mining company South32 on Monday reported a sharp drop in coal production, with metallurgical coal output slumping by 50% in the December quarter. The Illawarra mine, in Australia,... 


First Quantum Minerals exploring rights issue to ease debt - sources
22nd January 2024 By: Reuters

Canadian miner First Quantum Minerals is exploring a rights issue as it seeks to strengthen its balance sheet, following the closure of a key mine in Panama last month that accounted for about 40%... 


The Cerro Matoso mine in Colombia
South32’s Colombia nickel mine faces strategic review amid market turbulence
22nd January 2024 By: Mariaan Webb

The Cerro Matoso mine, in Colombia, a major ferronickel producer, is undergoing a strategic review in response to ongoing nickel market shifts that are putting pressure on prices. South32, the... 


The new BASF HERAEUS Metal Resource recycling facility in China.
New platinum group metals recycling facility opens in China
19th January 2024 By: Martin Creamer

A new platinum group metals (PGM) recycling facility has opened in China, where the autocatalyst recycling market is expected to grow at the rate of 18% a year. Recycled PGMs are calculated to... 


Chuquicamata Subterranea is an ambitious project to extend the openpit copper mine's lifespan by converting it into an underground operation
Codelco to invest $720m more in Chuquicamata copper mine
19th January 2024 By: Reuters

Chile's State-owned Codelco, the world's largest copper producer, submitted an environmental permit request on Thursday to modify its Chuquicamata Subterranea project at a cost of $720-million.... 


Gwede Mantashe
Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister
18th January 2024 By: Martin Creamer

The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview... 


China cobalt buyers use global glut to challenge pricing
China cobalt buyers use global glut to challenge pricing
18th January 2024 By: Bloomberg

China’s battery industry has seized on a glut in the global cobalt market to push through a change in the way the commodity is priced. A rapid expansion of cobalt mining in Democratic Republic of... 


Lithium venture in Chile in talks with EV firms to invest in mine project
18th January 2024 By: Reuters

A joint venture valued at $1.5-billion to $2-billion that wants to become Chile’s third lithium producer is in talks with investors to bankroll its project. Simco Lithium, owned by a Singaporean... 


Centamin delivers on 2023 guidance, progresses exploration efforts
18th January 2024 By: Marleny Arnoldi

London- and Toronto-listed gold miner Centamin delivered a solid performance in 2023, producing 450 058 oz and delivering on its yearly guidance for a third year. Centamin has set its production... 


BHP CEO Mike Henry
BHP’s solid first half dimmed by metallurgical coal stumble
18th January 2024 By: Mariaan Webb

Diversified mining group BHP has had a “solid” operational first half, CEO Mike Henry said on Thursday, reporting higher six-month copper and energy coal production, but lower iron-ore and... 


ICMM CEO Rohitesh Dhawan
Global mining commits to nature-positive future
18th January 2024 By: Martin Creamer

Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species,... 


Mined cobalt
BMI predicts more stable metal prices, critical mineral deals in 2024
17th January 2024 By: Marleny Arnoldi

Research agency BMI on January 17 unpacked the key themes for metals and mining for the year, highlighting that the sector is making a modest recovery amid global deceleration. BMI commodities... 


Ian Cockerill, Mark Cutifani and Tony O'Neill
South Africa-linked mining luminaries advising on metals industry greening
17th January 2024 By: Martin Creamer

South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive... 


Los Pelambres
Antofagasta's 2023 copper output up 2%, sees higher capex in 2024
17th January 2024 By: Reuters

Antofagasta on Wednesday reported a 2% rise in 2023 copper production to 660 600 metric tons on higher output at its flagship project Los Pelambres due to improved water availability. The Chilean... 


First Quantum offers voluntary retirement to over 1 500 Panama mine staff
17th January 2024 By: Reuters

First Quantum Minerals on Tuesday offered voluntary retirement to more than 1 500 employees at its key Panama mine, a day after announcing a major restructuring to conserve cash, which included... 


Albemarle offers to sell entire stake in Liontown after failed $4.3bn bid
Albemarle offers to sell entire stake in Liontown after failed $4.3bn bid
17th January 2024 By: Reuters

An Albemarle unit has put on sale its entire stake in Australia's Liontown Resources, a term sheet showed on Wednesday, after the US-based firm withdrew its proposed A$6.6-billion bid for the... 


Ivanhoe signs JV with DRC State miner to revive 100-year-old Kipushi mine
Ivanhoe signs JV with DRC State miner to revive 100-year-old Kipushi mine
16th January 2024 By: Marleny Arnoldi

TSX-listed Ivanhoe Mines has signed a new joint venture (JV) agreement with State-owned mining company Gécamines to restart the high-grade Kipushi zinc/copper/silver mine, in the Democratic... 


Copper 360 CEO Jan Nelson
Smart wristwatches to uplift mineworker well-being at Copper 360
16th January 2024 By: Martin Creamer

Computer programmes that use artificial intelligence (AI) to model orebodies and plan mines optimally have already been introduced by Copper 360, says the JSE AltX-listed Northern Cape copper... 


Top copper supplier Chile raises price forecast
Top copper supplier Chile raises price forecast
16th January 2024 By: Bloomberg

Top copper supplier Chile raised its price projections for the metal based on the prospect of easing of credit conditions in the US and growing demand in the shift away from fossil fuels. State... 


CEO Jakob Stausholm
Rio Tinto sees gradual recovery in China’s economy in 2024
16th January 2024 By: Mariaan Webb

Diversified mining major Rio Tinto expects stimulus measures implemented by China to catalyse a slow but steady recovery of the world’s second-biggest economy in 2024, providing reinforcement to... 


Platinum bar.
Supply-demand trend favours platinum over palladium – Deutsche Bank Research
15th January 2024 By: Martin Creamer

The convergence in platinum and palladium prices is likely to go further. Fundamentals point more positively for platinum into 2025 on a better autocatalyst demand trend. 


Thor increases production guidance for 2024
15th January 2024 By: Marleny Arnoldi

Thor Explorations has set its production guidance for the new year at between 95 000 oz and 100 000 oz of gold following solid production of 84 609 oz last year. The TSX-V and Aim-listed miner... 


PTM progresses studies towards PGMs smelter, refinery in Saudi Arabia
15th January 2024 By: Marleny Arnoldi

Canada-headquartered miner Platinum Group Metals (PTM) continues to progress a market study that seeks to identify potential global sources of platinum group metals (PGMs) concentrate that could... 


BYD in talks with Brazil's Sigma Lithium on supply deal - FT
15th January 2024 By: Reuters

Chinese electric car-maker BYD has held talks with Brazil's Sigma Lithium over a possible supply agreement, joint venture or acquisition, the Financial Times reported on Sunday. BYD met Sigma CEO... 


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