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Vault Minerals mine in Australia
Vault Minerals mine in Australia
Australia's Genesis lobs $3.9bn bid for Vault as M&A frenzy builds
6th July 2026 By: Reuters

Genesis Minerals has lobbed a bid worth about A$5.6-billion ($3.9-billion) for Vault Minerals, topping an existing offer from Regis Resources, as surging gold prices fuel a consolidation wave in Australia's mining sector. The combination would... 


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Gold smelting
Citi gains seat at heart of global bullion trading with clearing approval
6th July 2026 By: Reuters

Citi has become the fifth bank to clear transactions in London's over-the-counter gold market, the world's largest bullion trading centre, in a major expansion of its precious metals business, the... 


A gold bar
JPMorgan sees $4 500 gold price in fourth quarter, says risks to downside
6th July 2026 By: Reuters

JPMorgan said demand for gold from key sectors would not be as strong as it had expected, limiting the rise in gold prices this year to $4 300/oz in the third quarter and $4 500/oz in the fourth... 


McCreedy West mine
Magna Mining raises C$120m from private placement, gains major shareholder
Updated 3 hours ago By: Marleny Arnoldi

TSX-listed Magna Mining has announced a private placement with Latin American miner Alpayana to purchase 62-million common shares at a price of C$2.25 apiece, raising C$140-million. Alpayana will... 


VanadiumCorp's Cornerback project area in Québec
VanadiumCorp tasks Québec consultancy with renewed exploration efforts in Chibougamau district
Updated 3 hours ago By: Marleny Arnoldi

TSX-V-listed VanadiumCorp Resource has tasked Explo-Logik of Val-d'Or, Québec, to carry out exploration work at the company's Lac Laura gold/copper property. The engagement marks an important step... 


Australia's Northern Territory
Barkly Rare Earths confirms imminent start of large drill programme in Northern Territory
6th July 2026 By: Marleny Arnoldi

ASX-listed Barkly Rare Earths has started with civil works that will provide access to work areas for a planned 10 000 m drill programme at the Barkly rare earths project, in Australia's Northern... 


Gold and silver bars
Stormlands confirms early value estimate of Illinois Creek project at $448m using spot prices
Updated 3 hours ago By: Marleny Arnoldi

Analytics platform Stormlands Mining finds in its latest case study that the net present value (NPV) of the Illinois Creek gold project, in Alaska, can increase from $226-million to $448-million... 


Drillingon Obonga project
Panther extends exploration arrangement for Obonga project in Canada
Updated 7 hours ago By: Marleny Arnoldi

London-listed exploration company Panther Metals has agreed an extension amendment with Broken Rock Resources over the Obonga copper/zinc/lead/nickel/platinum group metals project, in Ontario.  The... 


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Gold bars
Sentinel raises $15m ahead of Big Springs gold project buy in US
Updated 7 hours ago By: Marleny Arnoldi

ASX-listed Sentinel Metals has received firm commitments to raise $15-million through a placement of 25.8-million new fully-paid ordinary shares to sophisticated and institutional investors at an... 


Gold
Accent sells Norseman gold project but retains iron-ore exposure
Updated 7 hours ago By: Marleny Arnoldi

ASX-listed Accent Resources has entered into binding agreements to sell its Norseman gold project to Boomerang Mining for A$4-million in cash but retains 100% of the iron-ore and platinum group... 


A generic image of exposed copper
Critical Metals agrees to new convertible loan note facility
Updated 6 hours ago By: Lumkile Nkomfe

Mining and exploration company Critical Metals has reached an agreement with its largest shareholder European investment company NIU Invest to subscribe for £2.5-million of convertible loan notes... 


A KGHM-owned mine
Poland's KGHM is exploring acquisition possibilities outside Europe, CEO says
Updated 4 hours ago By: Reuters

Poland's state-controlled copper and silver miner KGHM is exploring potential acquisition opportunities outside Europe under its new strategy, including projects in Morocco, Argentina, Canada and... 


WMS mineral sands in New Zealand
New Zealand backs two minerals projects with up to NZ$50 million
6th July 2026 By: Reuters

New Zealand will provide up to NZ$50-million ($31-million) to two West Coast projects that expand processing capacity for critical minerals used in advanced manufacturing and clean-energy... 


Artisanal miners work at a former industrial copper/cobalt mine, outside of Kolwezi
Congo cobalt exporters fear losing quotas due to administrative glitch, sources say
6th July 2026 By: Reuters

Major cobalt producers in the Democratic Republic of Congo (DRC) risk losing some of their first-half export quotas due to an administrative glitch affecting a customs platform, according to... 


Teck Resources' QB mine, in Chile
Teck Resources confirms election window for shareholders now open ahead of Anglo merger
1st July 2026 By: Marleny Arnoldi

As global mining giants Teck Resources and Anglo American finalise a "merger of equals" plan of arrangement, Teck has mailed a letter of transmittal and election form to each registered holder of... 


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Cowal gold mine, in Australia
Weaker commodity prices set to tip Australia into trade deficit
6th July 2026 By: Bloomberg

The boost to Australia’s trade from the mining boom looks to be fading as imports soar and export growth flatlines, potentially putting it on track for the first annual deficit since 2016. The... 


Fortescue head office sign
Fortescue served with class action alleging sexual harassment, discrimination
6th July 2026 By: Reuters

Iron-ore major Fortescue on Monday confirmed it had been served with a class action on behalf of current and former female employees alleging sexual harassment and sex discrimination. 


Atacama salt flat
Chile's Novandino Litio seeks enviro approval for $3bn Atacama lithium project
6th July 2026 By: Reuters

Novandino Litio, the joint venture between Chilean lithium producer SQM and State-owned copper miner Codelco, filed for environmental approval on Friday for a $3-billion project aimed at extending... 


WMS mineral sands in New Zealand
New Zealand backs two minerals projects with up to NZ$50 million
6th July 2026 By: Reuters

New Zealand will provide up to NZ$50-million ($31-million) to two West Coast projects that expand processing capacity for critical minerals used in advanced manufacturing and clean-energy... 


Vault Minerals mine in Australia
Australia's Genesis lobs $3.9bn bid for Vault as M&A frenzy builds
6th July 2026 By: Reuters

Genesis Minerals has lobbed a bid worth about A$5.6-billion ($3.9-billion) for Vault Minerals, topping an existing offer from Regis Resources, as surging gold prices fuel a consolidation wave in... 


Mining cost pressures accelerated in May as energy shock took hold
Mining cost pressures accelerated in May as energy shock took hold
3rd July 2026 By: Sabrina Jardim

Minerals Council South Africa has reported that mining input cost pressures accelerated sharply in May, reflecting the transmission of higher global energy prices into the South African economy... 


A railway line
Lobito Corridor railway project achieves $753m financial close
3rd July 2026 By: Schalk Burger

Cross-border transport infrastructure project the Lobito Corridor railway project, in Angola, has achieved a successful financial close of $753-million, says infrastructure financing fund the... 


Sector News

Magazine

Magazine round up | 03 July 2026
Magazine round up | 03 July 2026

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

GREEN DEFERRED: The World Steel Association has warned that about half of the world's planned green-steel projects have been delayed, while governments have committed just $20-billion of the $1.5-trillion needed to decarbonise the sector. It added that the current global project pipeline is set to deliver only about 70-million metric tons of green steel yearly by the end of the decade, a fraction of the roughly two-billion tons of total steel production forecast for the same date. Photograph: Bloomberg
GREEN DEFERRED

The World Steel Association has warned that about half of the world's planned green-steel projects have been delayed, while governments have committed just $20-billion of the $1.5-trillion needed... 

  • Mining Weekly Features
  • Pumps
Photo of Martin Creamer
Infrastructure can be the catalyst that brings Africa together

That Africa cannot afford fragmented voices any longer was a point mining and energy luminary Mike Teke made when he addressed the Zimbabwe Chamber of Mines last month. We agree. Africa needs far... 

Photo of Terence Creamer
Populist omen

South Africa is approaching the fifth anniversary of the deadly July 2021 riots and looting in an atmosphere that is again heavily laden with the threat of violence. It’s a fog made denser by the... 

Business Leader

Shaun Golding, CEO of G-Chem Aquacare
Shaun Golding

This week we profile Shaun Golding, CEO of G-Chem Aquacare, a provider of specialised water treatment services, technical expertise, chemical programmes and equipment solutions to industrial... 

The hydration breaks during this year’s FIFA World Cup have proved controversial among players, coaches and fans. Likewise, a move by a group of scientists to discount both the ‘worst case’ and ‘best case’ climate scenarios has also proved controversial. It is positive that mitigation efforts have made the worst-case of a 3.5°C to 5.5°C rise in global temperatures by 2100 implausible. Removing the best case, however, means it is now harder to keep global warming below 2°C, let alone meet the 1.5°C Paris goal.
HEAT STILL ON

The hydration breaks during this year’s FIFA World Cup have proved controversial among players, coaches and fans. Likewise, a move by a group of scientists to discount both the ‘worst case’ and... 

Showroom

Tsurumi Pumps Africa
Tsurumi Pumps Africa

Tsurumi Pumps Africa is a specialist supplier of Japanese-engineered submersible pumping solutions, serving customers across the African continent.

VISIT SHOWROOM 
Mitsubishi Chemical Group
Mitsubishi Chemical Group

Mitsubishi Chemical Advanced Materials South Africa (Pty) Ltd is a leading manufacturer of high-performance engineering plastics for the mining...

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pqt: 0.037s - ct: 0.108s - 138pq - 2rq
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