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'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... 


Mt Gibson on track to meet shipping guidance
5th April 2024 By: Creamer Media Reporter

Australian iron-ore miner Mount Gibson is on track to meet its 2024 guidance, having shipped 0.7-million wet metric tonnes of high-grade iron-ore fines from Koolan Island in the March quarter. The... 


The next breakthrough must be zero fatality
Mines investing R46m to put an end to fall-of-ground fatalities
5th April 2024 By: Martin Creamer

South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South... 


Stanmore buys rest of Eagle Downs
Stanmore buys rest of Eagle Downs
5th April 2024 By: Creamer Media Reporter

Australian coal miner Stanmore Resources is taking full control of the Eagle Downs assets, in the Bowen basin of Queensland. The company entered into an agreement with China Baowu Steel Group... 


West African achieve solid first quarter production
5th April 2024 By: Tasneem Bulbulia

ASX-listed unhedged gold mining company West African Resources  produced 56 595 oz of gold at its Sanbrado gold operations in the first quarter. The gold, produced from 844 000 t of ore milled at a... 


Gold bulls eye more record highs despite lightning gains
Gold bulls eye more record highs despite lightning gains
5th April 2024 By: Reuters

An upgraded gold price forecast for 2024 from Nicky Shiels, head of metals strategy at Swiss gold refinery MKS PAMP, drew an unexpected follow-up question this week from market participants. The... 


Australian gold miner still has plan to drill in war-torn Sudan
5th April 2024 By: Bloomberg

Australian gold producer Perseus Mining hasn’t ditched a long-term plan to mine in war-torn Sudan, even as it chases other deals across Africa to sustain its output. The third-biggest... 


Barclays says Rio Tinto dual-listing discount is opportunity
Barclays says Rio Tinto dual-listing discount is opportunity
5th April 2024 By: Bloomberg

Rio Tinto’s UK-listed shares are trading at a big discount to its Australian stock, and Barclays Plc analysts say there’s money to be made by betting the spread will narrow. Rio Tinto Ltd closed... 


The Abra plant during construction in June 2022
Abra Mining goes into administration
5th April 2024 By: Creamer Media Reporter

Richard Tucker and Robert Hutson of KordaMentha Restructuring have been appointed as voluntary administrators of Abra Mining, which owns and operates a lead and silver mine in the Gascoyne region... 


Proxy advisor CGI Glass Lewis recommends Woodside Energy chairman's ouster
5th April 2024 By: Reuters

Proxy advisor CGI Glass Lewis has asked shareholders of Australia's Woodside Energy to vote against the re-election of chairman Richard Goyder and against the company's climate strategy at the... 


Rio Tinto's QIT Madagascar mineral sands operation
As Rio Tinto strives for 'impeccable ESG', investors raise water issues
5th April 2024 By: Reuters

Rio Tinto faced demands from shareholders at its annual meeting on Thursday to come clean on environmental issues, including water and biodiversity, as the company said it was committed to... 


Mattiq Product Management Head Dr Mike Ashley.
New electrochemical PGMs demand on way, iridium scarcity fears eased still further
4th April 2024 By: Martin Creamer

A far-reaching new drive is under way to ease iridium scarcity still further and, especially in the short term, demand for platinum group metals (PGMs) from electrochemical processes is on the way.... 


Copper rises to 14-month high as Powell affirms Fed rate stance
4th April 2024 By: Bloomberg

Copper rose to a 14-month high as expectations for US rate cuts and threats to supply added impetus to a rally that’s been underway since early February. It climbed for a fourth session on the... 


Review backs NAL ramp-up plan
Review backs NAL ramp-up plan
4th April 2024 By: Mariaan Webb

The detailed review of the North American Lithium (NAL) operation has concluded that joint venture (JV) partners Sayona Mining and Piedmont Lithium must continue ramping up the operation, in... 


Gold sets another record high above $2 300 after Powell comments
Gold sets another record high above $2 300 after Powell comments
4th April 2024 By: Bloomberg

Gold set another record high above $2 300 an ounce on the likelihood the Federal Reserve will cut interest rates this year, and sustained demand from central banks. Bullion touched a peak of $2... 


Bill Beament says Develop has received an elevated level of interest in Woodlawn
Develop flags potential minority stake sale at Woodlawn
4th April 2024 By: Mariaan Webb

The Woodlawn production restart study has returned “exceptional metrics” for the copper and zinc mine, located about 250 km from Sydney. Energy transition metals company Develop Global has... 


The Renard mine is about 60 km from the Adina resource.
Winsome’s diamond mine bid may advance pathway to lithium production
4th April 2024 By: Mariaan Webb

Australia-listed explorer Winsome Resources on Thursday unveiled an exclusive option agreement to acquire the assets of the idled Renard mine, in Quebec, in a move that may accelerate its path to... 


Rio Tinto owns 22% of MRN. Glencore is the biggest owner and South32 also owns a share.
Norway’s $1.5tr fund raises concerns with Rio Tinto over mine in Brazil
4th April 2024 By: Bloomberg

The ethics adviser to Norway’s $1.5-trillion sovereign wealth fund has raised concerns with Rio Tinto Group about the environmental impact of a mine in Brazil, reviving questions about the fund’s... 


Australian Rare Earths diversifies with Overland uranium option
3rd April 2024 By: Creamer Media Reporter

In a move towards broadening its exploration horizons and aligning with the global energy transition, Australian Rare Earths (AR3) has unveiled plans to incorporate uranium into its portfolio. The... 


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pqt: 1.485s - ct: 1.552s - 348pq - 2rq
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