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South America

Spodumene production will be reduced at Mt Cattlin, in Australia
Newly merged Arcadium Lithium slows pace of expansion
23rd February 2024 By: Mariaan Webb

NYSE- and ASX-listed Arcadium Lithium – the company formed from the merger of equals between Livent and Alkem – has flagged a slowdown in the pace of its expansion plans in light of the current... 


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... 


Vale fourth-quarter profit falls 35% on higher provisions over dam accident
Vale fourth-quarter profit falls 35% on higher provisions over dam accident
23rd February 2024 By: Reuters

Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and... 


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.... 


Gold Fields' Damang mine, in Ghana
Gold Fields posts higher full-year earnings, maintains dividend at R7.45
22nd February 2024 By: Marleny Arnoldi

JSE- and NYSE-listed Gold Fields has declared a total dividend of R7.45 a share for the year ended December 31, with $703-million in attributable profit having been generated. The attributable... 


Equinox targets one-third production jump this year
22nd February 2024 By: Creamer Media Reporter

Canada-based gold miner Equinox Gold has finished 2023 strongly, not only achieving its gold guidance, but also setting out plans for a big step up in output this year. Equinox, which has seven... 


Minas-Rio
Integration of Vale’s Serpentina resource has potential to expand Anglo’s Minas-Rio output
22nd February 2024 By: Darren Parker

Diversified miner Anglo American has agreed to acquire, from Brazilian iron-ore miner Vale, the high-quality Serra da Serpentina iron-ore resource and integrate it into its contiguous Minas-Rio... 


Vale says its Sossego copper mine operating licence has been suspended
Vale says its Sossego copper mine operating licence has been suspended
22nd February 2024 By: Reuters

Brazilian miner Vale said on Wednesday it had received a letter from the State of Para's environmental secretary informing it that its operating license for its Sossego mine has been suspended.... 


Hot Chili executes option to acquire Chile project
21st February 2024 By: Creamer Media Reporter

ASX- and TSX-V-listed Hot Chili has executed an option agreement with ASX-listed Bastion Minerals for the right to acquire the Cometa project in Chile. The project is near Hot Chili’s Costa Fuego... 


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... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto posts lower FY profit
21st February 2024 By: Mariaan Webb

Diversified mining major Rio Tinto CEO Jakob Stausholm on Wednesday reported “resilient” financial results for 2023, with free cash flow of $7.7-billion and underlying earnings of $11.8-billion.... 


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,... 


BHP eyes 500 000 t/y of copper from South Australia
BHP eyes 500 000 t/y of copper from South Australia
20th February 2024 By: Mariaan Webb

Diversified mining company BHP is advancing several avenues for copper growth, CEO Mike Henry said on Tuesday, highlighting the key role that its South Australian assets will play in the group’s... 


Nickel woes worsen for Glencore-backed miner as budget jumps 87%
20th February 2024 By: Bloomberg

Glencore-backed Horizonte Minerals is warning that it needs a whole new financing package to restart a nickel project in northern Brazil after a review revealed the mine will cost 87% more than... 


President Gustavo Petro came into office in 2022 on a pledge to wean the country off its dependency on fossil fuels.
Colombia Bill seeks permanent legal ban on new coal contracts
20th February 2024 By: Bloomberg

Colombia, South America’s top coal producer, is proposing a mining bill which would ban new exploration and production contracts for the fuel. The proposed law would also allow the expropriation... 


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... 


Vale board split on future of current CEO, say sources
19th February 2024 By: Reuters

A board vote to decide on the future of Brazilian miner Vale's CEO ended in a tie, two people familiar with the matter told Reuters, weeks after the government pressured the mining giant to... 


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... 


Indonesia, Vale agree price for divestment plan, Minister says
16th February 2024 By: Reuters

Indonesia and Vale Base Metals have concluded negotiations and agreed in principle to a price for the portion of shares the miner will sell in its Indonesian unit INCO, the Mining Minister said on... 


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... 


The collapse of the tailings dam in Mariana in 2015 caused a mudslide that killed 19 people and severely polluted the Rio Doce river.
Vale to follow BHP on new provisions over dam failure, analysts say
15th February 2024 By: Reuters

Brazilian miner Vale is expected to hike its provisions after BHP Group flagged a $3.2-billion impairment related to the failure of a dam operated by their joint venture Samarco, analysts said.... 


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... 


Kinross carrying 2023 momentum into 2024, CEO says
15th February 2024 By: Mariaan Webb

Canada-headquartered Kinross Gold had a “great year” in 2023, CEO Paul Rollinson said on Wednesday, reporting that the company had met its production, cost and capital guidance, as well as... 


Barrick CEO Mark Bristow.
Barrick replaces 140% of gold reserve, no need for ‘dilutionary or delusionary’ M&A
15th February 2024 By: Martin Creamer

New York- and Toronto-listed mining company Barrick has replaced more than 140% of its gold reserves in the last five years and more importantly at the same grade, Barrick CEO Dr Mark Bristow... 


Despite weak lithium prices, Albemarle beats on cost cuts
Despite weak lithium prices, Albemarle beats on cost cuts
15th February 2024 By: Reuters

Albemarle, the world's largest lithium producer, posted a better-than-expected adjusted quarterly profit on Wednesday as aggressive cost cuts helped offset plunging prices for the metal used to... 


It is an uncertain time for the Western Australia nickel industry
BHP considers closing WA Nickel, flags impairments
15th February 2024 By: Mariaan Webb

Diversified mining major BHP is considering closing its Western Australia Nickel operations, amid the sharp fall in prices, the company announced on Thursday. BHP said it could place Nickel West... 


Barrick CEO Mark Bristow
Barrick CEO not interested in piecemeal talks over First Quantum assets
14th February 2024 By: Reuters

Barrick Gold CEO Mark Bristow said on Wednesday he was not interested in piecemeal discussion when asked whether the company would consider bidding for any of First Quantum Minerals' assets. "I'm... 


The BMW iX5 Hydrogen passenger car being refuelled with green hydrogen.
Hydrogen cars come into sharp new focus as global climate politics takes turn for better
14th February 2024 By: Martin Creamer

For the first time, luxury vehicle manufacturer BMW has a fleet of hydrogen-fuelled cars on South Africa’s roads, supported by a green hydrogen refuelling infrastructure set up at its Midrand... 


Sibanye's nickel operation in Brazil
Sibanye attains A- rating for water management, climate change disclosures
14th February 2024 By: Marleny Arnoldi

JSE- and NYSE-listed Sibanye-Stillwater has attained an A- rating for its water security and climate change disclosures by Carbon Disclosure Project (CDP) for the 2023 assessment period. CDP is a... 


IEA executive director Fatih Birol
IEA to launch security programme for minerals critical to energy sector
14th February 2024 By: Reuters

The International Energy Agency (IEA) is launching a programme to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few... 


Gold Fields to post lower production, HEPS for 2023
13th February 2024 By: Marleny Arnoldi

Ahead of publishing its full results for the year ended December 31 next week, JSE-listed Gold Fields has advised that it expects attributable gold production for the year to be 2.3-million ounces,... 


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Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

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Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

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SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

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AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

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