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Barrick Gold chairperson John Thornton
Barrick Gold chairperson John Thornton
Business model of Western mining industry needs new power, London Indaba highlights
Updated 4 hours ago By: Martin Creamer

New power is needed by the Western mining industry, which is still functioning on a trailing old power business model. This was highlighted at Tuesday’s London Indaba, where a spotlight was shone on the urgent need of Western world mining... 


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Willard

Rooted in the hearts of South Africans,...

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John Thompson
John Thompson

John Thompson, the leader in energy and...

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Heraeus acquires Canadian recycling firm McCol Metals
Heraeus acquires Canadian recycling firm McCol Metals
24th June 2024 By: Creamer Media Reporter

Processing and recycling group Heraeus Precious Metals has announced the acquisition of McCol Metals, a specialised company based in St. John’s, Newfoundland and Labrador, Canada. The acquisition... 


Aluminium prices under pressure, but brighter prospects on the horizon
Aluminium prices under pressure, but brighter prospects on the horizon
Updated 7 hours ago By: Reuters

Weak global manufacturing has hit aluminium prices, but the impact is likely to be short-lived as the physical market is tight, including in top consumer China. A deficit in top producer China -... 


Mayur makes new plans for PNG project following VBR investment cancellation
Mayur makes new plans for PNG project following VBR investment cancellation
Updated 4 hours ago By: Mariaan Webb

Following the termination of an investment agreement between Mayur Resources and Vision Blue Resources (VBR) for the Central Lime Project (CLP), the developer on Tuesday announced a new potential... 


Lilac Solutions releases lithium extraction data amid rising competition
Lilac Solutions releases lithium extraction data amid rising competition
Updated 5 hours ago By: Reuters

Lilac Solutions said on Tuesday the latest version of its lithium extraction technology can recover more than 90% of the lithium found in many brine formations, and that it has cut the construction... 


Skeena secures $750m for Eskay Creek project
Skeena secures $750m for Eskay Creek project
Updated 5 hours ago By: Mariaan Webb

Dual-listed Skeena Resources on Tuesday announced a financing package totalling $750-million, equivalent to more than C$1-billion, for the development, construction and working capital required for... 


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Ex-Trafigura metals boss to run new team of 40 at rival Mercuria
Updated 6 hours ago By: Bloomberg

Trafigura Group’s former co-head of metals Kostas Bintas is joining Mercuria Energy Group together with several of his ex-colleagues, to spearhead an aggressive push into metals in one of the... 


Exiting coal isn’t the way to net zero, Australian pension says
Exiting coal isn’t the way to net zero, Australian pension says
Updated 6 hours ago By: Reuters

Blacklisting the coal industry won’t get the world to net zero emissions, according to an Australian pension fund that says such exclusions ultimately slow down the transition to a low-carbon... 


Eramet, BASF cancel plan to invest $2.6bn in refining complex in Indonesia
25th June 2024 By: Reuters

French miner Eramet said on Monday it had decided, along with Germany's BASF, to cancel a $2.6-billion joint investment project in a nickel-cobalt refining complex in Weda Bay, Indonesia. "After a... 


MRC becomes sole owner of Munglinup graphite project
25th June 2024 By: Creamer Media Reporter

Mineral sands and graphite company Mineral Commodities Limited (MRC) has reached an in-principle agreement with Gold Terrace, its joint venture (JV) partner in the Munglinup project, settling a... 


Heavy rains in Chile cause mining tailing overflow
25th June 2024 By: Reuters

s heavy rains continue to pummel Chile, cutting off areas of the country and damaging thousands of homes, one community is dealing with a tailings dam rupture that has sent heavy metals throughout... 


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Silver paste accounts for up to 23% of the material cost of a PV cell.
Sun Silver applies for $60m US tax credit for silver paste facility
25th June 2024 By: Creamer Media Reporter

Precious metals miner Sun Silver has applied to the US Department of Energy (DoE) for a $60-million investment tax credit for expenditure towards establishing a silver paste production facility in... 


Cosmos enhances Nunavut uranium portfolio
25th June 2024 By: Mariaan Webb

Australia-headquartered Cosmos Exploration has secured two additional prospective uranium projects, Angilak West and Nut Lake South, located in the emerging uranium mining district of the Thelon... 


Hedge fund making 20% a year for last decade targets uranium M&A
Hedge fund making 20% a year for last decade targets uranium M&A
25th June 2024 By: Bloomberg

A top performing hedge fund is betting the pullback in uranium producer NexGen Energy will be short lived, as the industry’s growing appeal leaves the startup well placed for a potential takeover.... 


Top China lithium firm files international claim against Mexico
Top China lithium firm files international claim against Mexico
25th June 2024 By: Bloomberg

Ganfeng Lithium has filed an international arbitration case against Mexico after the Latin American nation canceled a potential mining project valued at more than $1-billion. Efforts by Ganfeng,... 


Czech tycoon’s takeover of Sydney-listed coal miner falls through
Czech tycoon’s takeover of Sydney-listed coal miner falls through
25th June 2024 By: Bloomberg

The owner of a majority stake in Sydney-listed metallurgical coal producer Coronado Global Resources terminated its sale to Czech tycoon Pavel Tykac’s Sev.en Global Investments. The Energy and... 


Sector News

Magazine

Magazine round up | 21 June 2024
Magazine round up | 21 June 2024

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

EXPORT SHIFT: Volkswagen South Africa (VWSA) is sceptical about South Africa’s plans to produce electric vehicles for export to developed markets and is instead focusing on sustaining outlets for its internal combustion engine vehicles, notably the Polo, seen here being assembled at its Kariega plant. VWSA MD Martina Biene is quoted by Bloomberg as saying that Europe “won’t call on us to make battery electric vehicles” as there is enough capacity on the continent where transport costs are lower. Photograph: Bloomberg
EXPORT SHIFT

Volkswagen South Africa (VWSA) is sceptical about South Africa’s plans to produce electric vehicles for export to developed markets and is instead focusing on sustaining outlets for its internal... 

Photo of Martin Creamer
Democratisation of South Africa’s public market system is a must

South Africa’s democracy is 30 years old but, in that time, its public market system has failed to be democratised. Admittedly, large institutions on the Johannesburg Stock Exchange are investing... 

Photo of Terence Creamer
Defusing CBAM

South Africa is strenuously opposing the European Union’s (EU’s) Carbon Border Adjustment Mechanism (CBAM) that, under its evolving design and coverage, could have a significant impact on the... 

Business Leader

Ingrid Osborne, CEO of Saryx
Ingrid Osborne

This week we profile Ingrid Osborne, CEO of Saryx, which specialises in integration solutions for industrial control and automation, ICT, rail monitoring, and document management and compliance 

PORT PRESSURES
PORT PRESSURES

The World Bank Port Index, which ranked South African ports near to the bottom of the global pile, is backward-looking and is, thus, not fully reflective of recent efforts made to address... 

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