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Copper 360 CEO Jan Nelson.
Copper 360 CEO Jan Nelson.
Copper 360 ships concentrate, on course to pay first dividend next year
24th April 2024 By: Martin Creamer

South Africa's rapidly advancing copper producer Copper 360 has shipped copper concentrate from the Northern Cape province for the first time in 21 years, which saw its shares rise by more than 26% on Wednesday, April 24. As South Africa’s only... 


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First Quantum says probability of taking out copper from Panama mine only after election
First Quantum says probability of taking out copper from Panama mine only after election
Updated 4 hours ago By: Reuters

Canadian miner First Quantum Minerals said on Wednesday the likelihood of taking out the 121 000 t of copper from its disputed Cobre Panama mine can only happen after the Panama national election.... 


China copper gauge at zero offers stark warning to metal bulls
Updated 5 hours ago By: Bloomberg

A key measure of Chinese copper demand just sank to zero, another sign that global prices are not balanced with what buyers in the biggest market are prepared to pay. Premiums paid on imported... 


China coal prices have bottomed, will surpass 2023 highs, industry group says
Updated 5 hours ago By: Reuters

China's domestic coal prices have bottomed out and will exceed 2023 highs this year, a major coal industry group said on Wednesday. "Overall stockpiles are not very high, so if market purchases... 


Vitol CEO Russell Hardy
World’s biggest energy traders are returning to metals markets
Updated 5 hours ago By: Bloomberg

Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets. Vitol Group, Gunvor Group and Mercuria Energy Group... 


The Grasberg mine in Indonesia
Miner Freeport-McMoRan beats quarterly profit estimates on strong production
24th April 2024 By: Reuters

Copper miner Freeport-McMoRan beat Wall Street estimates for first-quarter profit on Tuesday, helped by higher production and easing costs. The mining giant said its quarterly production of copper... 


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G Mining draws remaining $33m for TZ project
24th April 2024 By: Creamer Media Reporter

Toronto-listed G Mining Ventures (GMIN) has successfully drawn the remaining $33-million on its $75-million senior secured term loan with an affiliate of Franco-Nevada, in accordance with an... 


Codelco chairman says SQM lithium deal set to give 85% of benefits to state
24th April 2024 By: Reuters

Chile's government is expected to receive 85% of "associated benefits" including taxes and lease payments from a planned partnership between state-run copper miner Codelco and lithium company SQM... 


Champion Iron eyes expansion beyond 15Mt/y at Bloom Lake
Champion Iron eyes expansion beyond 15Mt/y at Bloom Lake
24th April 2024 By: Mariaan Webb

Canadian miner Champion Iron is considering a significant expansion of its production capacity at the Bloom Lake mine, in Quebec. CEO David Cataford says Champion’s technical team is assessing the... 


Woodside investors vote down climate plan, rebuking Australia's top gas producer
Woodside investors vote down climate plan, rebuking Australia's top gas producer
24th April 2024 By: Reuters

Shareholders rejected Woodside Energy's climate plan on Wednesday, marking a symbolic victory for activists who have called for Australia's biggest gas producer to stop new fossil fuel projects,... 


The Kalgoorlie rare earths processing plant
Lynas ups Kalgoorlie capital costs budget to A$800m
24th April 2024 By: Mariaan Webb

Rare earths miner Lynas has added another A$70-million to the final cost estimate of its delayed Kalgoorlie processing facility, with the full cost now set to come in at A$800-million. This... 


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The Greenstone mine will be one of Canada's largest and highest grade mines.
Equinox acquires full ownership of Greenstone for $995m
24th April 2024 By: Mariaan Webb

Vancouver-based Equinox Gold has announced the acquisition of Orion Mine Finance’s 40% interest in Greenstone Gold Mines for $955-million. This gives Equinox full ownership of what it describes as... 


LME moves to stop gaming of Russian aluminium sanctions-based rule
LME moves to stop gaming of Russian aluminium sanctions-based rule
24th April 2024 By: Reuters

The London Metal Exchange (LME) moved on Tuesday to stop traders from taking Russian aluminium from its approved warehouses and returning it at a later date to profit from rule changes to comply... 


enCore Energy CEO Paul Goranson
enCore CEO balances ambitious production goals with workforce challenges
24th April 2024 By: Mariaan Webb

As US-based uranium miner enCore Energy charts its path towards significantly ramping up production, the company faces a dual challenge of aggressive expansion and ensuring the retention of key... 


OceanaGold's Didipio mine
OceanaGold prices $106m IPO of Philippine unit
24th April 2024 By: Reuters

Toronto-listed miner OceanaGold said on Wednesday it will raise 6.08-billion pesos ($106-million) through an initial public offering (IPO) of its Philippine unit, the first listing in the Southeast... 


Fortescue reports 6% dip in quarterly iron-ore shipments
Fortescue reports 6% dip in quarterly iron-ore shipments
24th April 2024 By: Mariaan Webb

Australian green energy and iron-ore giant Fortescue has revealed a 6% decline in third-quarter iron-ore shipments, attributed to the repercussions of an ore car derailment on December 30, coupled... 


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Magazine

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024

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

REMEMBERING: Rwandan President Paul Kagame and First Lady Jeanette Kagame, preparing to light the Rwandan genocide flame of hope, known as the ‘Kwibuka’ (Remembering), to commemorate the 1994 Genocide at the Kigali Genocide Memorial Centre in Kigali, Rwanda, on April 7. Thirty years ago more than one-million people were systematically massacred over 100 days by extremists, led by the Rwandan army and a militia known as the Interahamwe. Photograph: Reuters
REMEMBERING

Rwandan President Paul Kagame and First Lady Jeanette Kagame, preparing to light the Rwandan genocide flame of hope, known as the ‘Kwibuka’ (Remembering), to commemorate the 1994 Genocide at the... 

Photo of Martin Creamer
South Africa must take full advantage of its prematurely halted mining R&D

The disbanded South African mining industry’s research and development (R&D) arm Comro handed South Africa’s State-owned Council for Scientific and Industrial Research (CSIR) the mining R&D it had... 

Photo of Terence Creamer
Mixed outlook

The recent period of decreased loadshedding has been met with tremendous scepticism by a South African public who have been burnt more times over the past 15-plus years than a lump of wet coal.... 

Business Leader

Rhian Capostagno, a partner at Partners in Performance
Rhian Capostagno

This we profile Rhian Capostagno, a partner at Partners in Performance, a firm of management consultants 

The storms that lashed the Cape earlier this month caused devastating damage, with many still picking up the pieces. One can only hope that the coming election storm is far more benign, but some of the pre-election rhetoric is cause for concern, while some pre-election coalition pacts seem to be facing real headwinds.
STORM WARNING:

The storms that lashed the Cape earlier this month caused devastating damage, with many still picking up the pieces. One can only hope that the coming election storm is far more benign, but some of... 

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