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Gold bars
Silvercorp accepts Perseus’ buyout of its 15% shareholding in OreCorp
10th April 2024 By: Marleny Arnoldi

As ASX- and TSX-listed Perseus Mining’s takeover of ASX-listed OreCorp gains pace, TSX-listed Silvercorp Metals has accepted the offer to sell its 73.8-million OreCorp shares to Perseus.... 


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... 


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... 


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... 


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... 


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,... 


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... 


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... 


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... 


Australian lithium miner Azure approves Rinehart-SQM takeover
8th April 2024 By: Bloomberg

Shareholders in Azure Minerals have approved the Australian lithium miner’s takeover by billionaire Gina Rinehart’s private company Hancock Prospecting and partner Sociedad Química y Minera de... 


Karst MD Guy Richards.
Use underground mines for electricity storage, optimise mine water use – Karst Hydro
8th April 2024 By: Martin Creamer

South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up... 


EU’s Simson says FTA with Australia would help minerals push
8th April 2024 By: Bloomberg

A free-trade agreement between Australia and the European Union would encourage closer ties on critical minerals at a crucial time for the energy transition, Europe’s Commissioner for Energy Kadri... 


'Data driven' players help prolong record profits in commodity trading, says McKinsey
8th April 2024 By: Reuters

The growing number of "data-driven" players such as hedge funds in the world of commodity trading has helped sustain record levels of profit, even as the volatility that supercharged earnings in... 


Former De Beers, Mountain Province exec Brown appointed Lucapa chairperson
8th April 2024 By: Sabrina Jardim

ASX-listed Lucapa Diamond Company has appointed former De Beers interim CEO and CFO Stuart Brown as independent nonexecutive chairperson and former Rothschild Australia investment banking head... 


Fortescue’s Gladstone electrolyser facility is not only a Queensland first, but also an Australian first.
Fortescue opens major Gladstone electrolyser manufacturing facility
8th April 2024 By: Mariaan Webb

Mining and green energy company Fortescue on Monday opened the first manufacturing facility in Australia to build hydrogen electrolysers at commercial scale. The 15 000 m2 advanced manufacturing... 


Orion to sell A$593m Capstone stake
8th April 2024 By: Mariaan Webb

Three Orion funds are set to divest an 8.3% stake in Capstone Copper through a secondary offering, with an anticipated value of A$592.8-million. The deal involves a strategic block trade agreement... 


An image of the Abujar gold project
Tietto delivers record quarterly gold production at Côte d’Ivoire project
8th April 2024 By: Tasneem Bulbulia

West African gold producer Tietto Minerals has produced a quarterly record of 37 111 oz of gold at its Abujar gold project, in Côte d’Ivoire, for the quarter ended March 31. Milling rates increased... 


South32 earns majority stake in Minsud’s Argentina subsidiary
8th April 2024 By: Creamer Media Reporter

Diversified miner South32 has earned a majority stake in Minera Sud Argentina (MSA), an indirect subsidiary of TSX-V-listed Minsud that owns and operates the Chita Valley project. Minsud has... 


An image of Perseus chairperson and CEO Jeff Quartermaine
Perseus declares its offer for OreCorp unconditional
8th April 2024 By: Tasneem Bulbulia

ASX- and TSX-listed Perseus Mining has declared that its off-market takeover bid offer for all the current and to be issued ordinary shares in ASX-listed OreCorp is now unconditional, and best and... 


China-Australia ties frayed under former Australian leader Scott Morrison.
China investment in Australia sinks as companies favor Belt and Road
8th April 2024 By: Bloomberg

Investment into Australia by Chinese private and state-owned companies tumbled in 2023 to the second-lowest level in 18 years, according to a report from KPMG and the University of Sydney. The... 


EU sees hope for US minerals deal from new forced labour law
8th April 2024 By: Reuters

New European Union rules that will ban products made using forced labour have raised the prospect of concluding a deal on critical minerals with the United States, EU trade chief Valdis Dombrovskis... 


Jeremy Weir
Succession drama grips commodity trading’s billionaire factories
8th April 2024 By: Bloomberg

Trafigura Group has fired the starting gun on an era of upheaval at the top of the commodity trading world, with some of the biggest players preparing a new generation of leaders at a moment of... 


Uranium explorer Toro demerges nickel, gold projects
8th April 2024 By: Mariaan Webb

Uranium development and exploration company Toro Energy on Monday announced the planned demerger of noncore nickel, gold and base metals projects in Western Australia. The demerger announcement... 


Westgold and Karora merge to create A$2.2bn Australian gold miner
Westgold and Karora merge to create A$2.2bn Australian gold miner
8th April 2024 By: Mariaan Webb

Australia’s Westgold Resources on Monday announced its acquisition of Toronto-listed Karora Resources in a deal valued at about A$1.23-billion. The acquisition, structured as a cash-and-stock... 


The Renard project
Court approves Winsome’s Renard project option
8th April 2024 By: Creamer Media Reporter

Australia-listed Winsome Resources has paid a C$4-million option fee to secure the acquisition rights for the Renard project, in Quebec. This comes as the Superior Court of Quebec approved an... 


Andrew Forrest
Forrest urges China to demand greener nickel, FT reports
8th April 2024 By: Reuters

Australian mining magnate Andrew Forrest has called on China to demand higher environmental standards from its global supply chain, particularly its companies conducting nickel processing in... 


Bold Baatar
Baatar appointed Rio Tinto COO to spearhead global business development
8th April 2024 By: Mariaan Webb

Multinational mining giant Rio Tinto has announced the appointment of Bold Baatar as its COO, tasked with spearheading the group's commercial and business development endeavors worldwide. Baatar's... 


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