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Rio Tinto has long admired Anglo’s Collahuasi copper mine in Chile.
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
6th May 2024 By: Bloomberg

Two of BHP Group’s biggest rivals are sitting on the sidelines for the moment as they watch to see how a takeover offer for Anglo American will play out. Both Rio Tinto Group and Glencore are more... 


Glencore studying an approach for Anglo American, sources say
Glencore studying an approach for Anglo American, sources say
3rd May 2024 By: Reuters

Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company. Glencore has not yet... 


The Sishen iron-ore mine
BHP insists Anglo American's South African assets must go in any takeover, sources say
7th May 2024 By: Reuters

BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed... 


Gold Fields CEO Mike Fraser
South Deep gold output well down as Gold Fields implements recovery plan
7th May 2024 By: Martin Creamer

With first-quarter gold production down 34% at South Deep gold mine, Gold Fields is focusing on setting up the well-endowed long-life Gauteng operation for longevity, quality ounces and sustainable... 


Anglo's unusual mix of niche commodities — it’s the only large miner with big diamonds and platinum operations, for example — is seen as one of the reasons that the company hasn’t been successfully targeted in the past.
What’s Anglo worth? For now it’s less than the sum of its parts
3rd May 2024 By: Bloomberg

As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and executives at rival producers: What’s Anglo American actually worth? Anglo’s shares... 


Sierra Rutile directed to resume mining operations
Sierra Rutile directed to resume mining operations
6th May 2024 By: Mariaan Webb

The government of Sierra Leone has instructed ASX-listed Sierra Rutile to recommence mining activities in Area 1 by the end of the month. Government views Sierra Rutile’s suspension of mining at... 


Copper 360 CEO Jan Nelson.
Copper 360’s underground copper mine set to open three months ahead of schedule
6th May 2024 By: Martin Creamer

Last month copper mining company Copper 360 surprised on the upside by producing its first copper concentrate from surface material well ahead of schedule. Now, this month, it is doing the same on... 


The Tenke Fungurume mine in the DRC
Congo's $7bn infrastructure deal with China will depend on copper prices
6th May 2024 By: Reuters

About $7-billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised minerals deal will largely depend on copper prices remaining high, details of... 


Okiep
Orion Minerals in final stages of Okiep acquisition
6th May 2024 By: Darren Parker

ASX- and JSE-listed Orion Minerals has reached the final stages of its acquisition of a controlling interest in the Okiep copper project, located about 570 km north of Cape Town in the Northern... 


Greatland eyes full ownership of Havieron amid Newmont's potential divestment
Greatland eyes full ownership of Havieron amid Newmont's potential divestment
3rd May 2024 By: Mariaan Webb

London-listed Greatland Gold is contemplating reclaiming full ownership of the Havieron gold/copper project in Western Australia, should Newmont divest of its 70% stake, says MD Shaun Day. The... 


Platinum metals support every step of green hydrogen’s decarbonisation of the world.
Platinum-based green hydrogen emerging as Winter Olympics decarbonisation pillar
3rd May 2024 By: Martin Creamer

Green hydrogen, which is generated with the benefit of the catalysis that platinum group metals (PGMs) provide, is being increasingly highlighted as a pillar of the global decarbonisation... 


Cosatu's logo on a window
South African unions urge Anglo shareholders to reject BHP bid
7th May 2024 By: Bloomberg

South Africa’s biggest labour union federation urged local shareholders, including the powerful Public Investment Corporation (PIC), to oppose BHP Group’s bid to buy Anglo American. The Congress of... 


Zimbabwe's sole nickel mine placed under administration
3rd May 2024 By: Reuters

Zimbabwe's only operating nickel mine was on Thursday placed under administration, according to a government notice, seven months after halting production due to equipment failure and low prices.... 


Brazil wants Vale’s next CEO to have closer ties with government
6th May 2024 By: Bloomberg

Brazil expects the next CEO for Vale, the world’s second-largest iron ore producer, to have closer relations with officials and regulators even after public scrutiny over government influence on... 


Anglo CEO meets South Africa's mines minister after BHP's takeover proposal
3rd May 2024 By: Reuters

 Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group's $39 billion takeover bid, a source... 


Analysts say Jose Raul Mulino's victory is a good outcome for First Quantum.
First Quantum to seek talks with Panama’s Mulino on closed mine
7th May 2024 By: Bloomberg

First Quantum Minerals will seek talks with Panama’s incoming president in an effort to resolve the dispute that shuttered the Cobre Panama copper mine. President-elect Jose Raul Mulino, seen as... 


Energy Fuels building up its monazite supply chain for REE production
Energy Fuels building up its monazite supply chain for REE production
6th May 2024 By: Mariaan Webb

Uranium and rare earth element (REE) producer Energy Fuels is making good progress towards securing its own large-scale, low-cost sources of monazite to process at its White Mesa mill, in the US,... 


Glencore sells stake in Peru zinc miner Volcan
7th May 2024 By: Creamer Media Reporter

Swiss-headquartered Glencore has announced a definitive agreement to sell its stake in Volcan Compañia Minera to a subsidiary of Integra Capital. Transition Metals will pay Glencore $20-million... 


Leo Lithium sells Mali project to Ganfeng for $342m
Leo Lithium sells Mali project to Ganfeng for $342m
8th May 2024 By: Mariaan Webb

Australia-listed Leo Lithium has announced it is exiting the Goulamina project, in Mali, with the sale of its remaining 40% interest to joint venture (JV) partner Ganfeng. The Chinese group will... 


Hudbay is building Copper World, where it expects about 92 000 metric tons of average copper production over the first ten years.
Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets
3rd May 2024 By: Reuters

he CEO of Canadian miner Hudbay Minerals said BHP Group's $39-billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a... 


An image of Bushveld CEO Craig Coltman
Bushveld to dispose of Vanchem asset to SPR, working capital advanced
7th May 2024 By: Tasneem Bulbulia

Aim-listed Bushveld Minerals has secured additional funding to provide immediate working capital relief and ensure continuity of its operations by entering into a binding term sheet with Southern... 


Mulino will inherit the controversy surrounding the Cobre Panama copper mine.
Panama's Mulino wins Presidency with support from convicted former leader
6th May 2024 By: Reuters

PANAMA CITY - Panama's former security minister Jose Raul Mulino on Sunday stormed to victory in a presidential poll dominated by his old boss, the popular ex-leader Ricardo Martinelli, who... 


B2Gold says Goose project slightly behind schedule
B2Gold says Goose project slightly behind schedule
8th May 2024 By: Mariaan Webb

Development of the Goose openpit and underground project, in Nunavut, is running slightly behind schedule, with the first gold pour pushed out by one quarter. Senior gold producer B2Gold explains... 


Arrow’s Simandou North drilling off to a promising start
Arrow’s Simandou North drilling off to a promising start
7th May 2024 By: Mariaan Webb

Australian junior Arrow Minerals as hit the ground running at its Simandou North deposit, in Guinea, uncovering high-grade mineralisation in the area during the initial stages of drilling. The... 


BHP-Anglo American deal raises alarm in Japan's steel industry
BHP-Anglo American deal raises alarm in Japan's steel industry
9th May 2024 By: Reuters

Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo... 


Albemarle may lower capex if lithium prices stay low
Albemarle may lower capex if lithium prices stay low
3rd May 2024 By: Reuters

Albemarle, the world's largest producer of lithium for electric vehicle batteries, could look at reducing capital expenditure in the coming years if lithium prices remain flat, the company said on... 


Copper cathode waiting for dispatch
Copper miner Austral placed in receivership
3rd May 2024 By: Creamer Media Reporter

Copper miner Austral Resources has been placed in receivership. Creditor Wingate has appointed Jason Tracy, Grant Sparks and Sean Holmes as joint and several receivers and managers. “The business... 


Rob McEwen
Rob McEwen optimistic about Argentina’s economic revival
9th May 2024 By: Mariaan Webb

Renowned mining magnate Rob McEwen is optimistic about Argentina’s economic prospects, citing President Javier Milei’s commitment to fiscal discipline and foreign investment as key drivers for... 


Brazil rejects Vale, BHP settlement offer for Mariana disaster
3rd May 2024 By: Reuters

Brazil and the state of Espirito Santo have rejected a proposal by miners Vale and BHP regarding reparations for the deadly 2015 Mariana tailings dam burst, the federal government said on Friday.... 


Gold Fields CEO Mike Fraser
South Deep wind power decision drawing closer, Q2 update likely on backfill problem
8th May 2024 By: Martin Creamer

Mining company Gold Fields expects to be in a position to decide on the establishment of a wind power project at the South Deep gold mine, west of Johannesburg, in the third quarter of this year.... 


Costa Fuego is one of a limited number of globally significant copper developments not owned by a major mining company.
Hot Chili arranges nearly A$30m for Chile copper project
6th May 2024 By: Creamer Media Reporter

ASX-listed copper miner Hot Chili has arranged about A$30-million in funding to accelerate its Costa Fuego copper project, located in the coastal range of Chile. The company, which also trades on... 


Photo of Martin Creamer
Value creation, exploration, Harmony Gold projects make headlines
3rd May 2024

Mining Weekly Editor Martin Creamer discusses Barrick's recently revealed first quarter results where discovery and development were punted as the true drivers of value creation in mining; South... 


Sibanye appoints Peter Hancock as nonexec director
6th May 2024 By: Creamer Media Reporter

Multinational mining and metals processing group Sibanye-Stillwater has appointed Peter Hancock as independent nonexecutive director, with effect from May 6. Hancock is a mining industry executive... 


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