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President Cyril Ramaphosa's spokesperson Vincent Magwenya
President Cyril Ramaphosa's spokesperson Vincent Magwenya
South Africa views BHP bid for Anglo as 'normal market activity'
Updated 3 hours ago By: Reuters

South Africa views BHP Group's proposed bid for Anglo American as "normal market activity" and is following the process as it unfolds, President Cyril Ramaphosa's spokesperson said on Monday. BHP is considering making an improved offer for Anglo... 


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Altona appoints David Catterall as Sesana project consultant
Updated 6 hours ago By: Darren Parker

London-listed Altona Rare Earths has appointed David Catterall as a consultant, with a special focus on the company's Sesana copper/silver project, in Botswana, where he will work closely with CEO... 


Aterian sells portion of its royalty over Rwanda lithium project
Updated 4 hours ago By: Darren Parker

London-listed critical metal-focused exploration and development company Aterian has sold its portion of the net smelter return royalty (NSR) over the HCK lithium project, in Rwanda, for £200 000.... 


Red Rock to undertake work programmes at Burkina Faso project
Updated 7 hours ago By: Tasneem Bulbulia

Aim-listed Red Rock Resources’ Bilbale gold project, in Burkina Faso, holds “significant potential”, consultant Dr Willem J Smuts has noted in a report. Smuts recently undertook a site visit to the... 


BHP's Spence copper mine, in Chile
BHP mega bid and $10 000 copper expose mining’s biggest problem
29th April 2024 By: Bloomberg

Copper’s surge to $10 000 a ton just days after the bombshell news that BHP Group is trying to buy Anglo American is highlighting a core disconnect at the heart of the industry: miners just aren’t... 


The Collahuasi mine
China could hinder BHP’s bid to become copper’s top producer
29th April 2024 By: Bloomberg

BHP Group’s $39-billion bid to create a global copper giant risks irking its biggest customer China, where authorities have a history of intervening to stymie or water down international mergers.... 


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West Cobar adds scandium to Salazar basket
Updated 3 hours ago By: Creamer Media Reporter

ASX-listed Cobar Metals has announced a maiden resource estimate for scandium, adding to the already valuable basket of minerals hosted at the Salazar project, north-east of Esperance in Western... 


Japanese to partner on Kalgoorlie nickel project
Updated 3 hours ago By: Creamer Media Reporter

Japanese multinational companies Sumitomo Metal Mining (SSM) and Mitsubishi have thrown their weight behind the Kalgoorlie nickel project – Goongarrie hub, in Western Australia. ASX-listed Ardea... 


River Doce in Minas Gerais in 2022. The Samarco dam collapse destroyed land along the river's banks.
Vale, BHP propose $25bn settlement for Mariana disaster reparations
Updated 4 hours ago By: Reuters

Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, which killed 19 people and... 


Indonesian miner eyes nickel assets as it shifts focus from coal
29th April 2024 By: Bloomberg

Indonesian coal company PT Harum Energy is looking to buy more nickel mines as it ceases further investment in fossil fuels in order to prepare for the energy transition. The miner plans to avoid... 


American Rare Earths’ Wyoming project sparks SPAC interest
American Rare Earths’ Wyoming project sparks SPAC interest
29th April 2024 By: Mariaan Webb

Australia-headquartered American Rare Earths has confirmed that its Halleck Creek project, in Wyoming, has captured the interest of a special purpose acquisition company (SPAC). However, the... 


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Silvercorp expands reach with C$200m Adventus acquisition
Silvercorp expands reach with C$200m Adventus acquisition
29th April 2024 By: Mariaan Webb

In a move aimed at diversification, Canadian mining firm Silvercorp has announced a C$200-million deal to venture into Ecuador, just weeks after missing out on acquiring control of Tanzania-focused... 


The Canadian Malartic operation in Quebec
Exploration efforts yield promising results for Agnico Eagle
29th April 2024 By: Mariaan Webb

Precious metals miner Agnico Eagle is reaping the rewards of its relentless exploration endeavours, with recent drilling campaigns yielding remarkable results across key gold projects in Canada.... 


Saudi Arabia set on securing lithium for EV ambitions
Saudi Arabia set on securing lithium for EV ambitions
29th April 2024 By: Reuters

Saudi Arabia is committed to sourcing lithium from overseas as it looks to produce EV batteries and invest in the electric vehicle sector, a senior minister said in an interview, noting attempts to... 


Southern Copper lifts output forecast amid tight metal market
29th April 2024 By: Bloomberg

Southern Copper raised its annual production guidance as ore quality improves and the company resolves water supply issues in Mexico, offering a little relief for a tightening global copper... 


Glencore bought aluminium from Rusal worth $1.06bn in 2023
29th April 2024 By: Reuters

Commodities group Glencore bought aluminium from Russian producer Rusal worth $1.06-billion in 2023 as part of their long-term contract, the Russian producer said in an annual report on Friday.... 


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Magazine round up | 26 April 2024

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

WEIGHING OPTIONS: Eskom and government are considering private and foreign options to fund a R390-billion expansion of the electricity grid as more renewable generation comes online. Bloomberg reports that talks are under way on the funding of South Africa’s transmission requirements, including the potential use of money pledged by rich nations toward an energy transition and another option to tap private sources. Photograph: Bloomberg
WEIGHING OPTIONS

Eskom and government are considering private and foreign options to fund a R390-billion expansion of the electricity grid as more renewable generation comes online. Bloomberg reports that talks are... 

Photo of Martin Creamer
Our platinum group metals industry must be backed to the hilt by all South Africans

The potential loss of platinum group metals (PGMs) demand to battery electric vehicles (BEVs) spells dire consequences for the South African mining industry. At risk are income streams to nearly... 

Photo of Terence Creamer
Reflect and recommit

Memories are short and it often feels like they are becoming shorter not only because of the flood of information associated with the 24-hour news cycle but also second-by-second social media... 

Business Leader

Henry Adams, country manager at InterSystems
Henry Adams

This week we profile Henry Adams, country manager at InterSystems, the primary business of which is supplying and supporting software products 

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STILL FLYING

Years of State capture, corruption and ongoing crime and violence have left deep scars and have taken most of the gloss of any celebrations marking 30 years of democracy. Nevertheless, South Africa... 

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