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Mpho Makwana will step down as Eskom chairperson at the end of October

MTN's Nyati to succeed Makwana as Eskom chair

9th October 2023

Mpho Makwana will step down as chairman of South Africa’s beleaguered power utility at Eskom Holdings’ annual general meeting at the end of the month. He will be replaced by former MTN Group Ltd.... 


Lundin scion leads group raising $500m for mining fund

9th October 2023

A group of investors led by a son of the late Swedish-Canadian mining tycoon Lukas Henrik Lundin is seeking to raise $500-million for a fund that will invest in mining projects. Nordic Natural... 


Copper, nickel and zinc on the periodic table

Metal trader misery undercuts supercycle hype as losses pile up

9th October 2023

The world’s metal traders are enduring one of their toughest periods in years, even as an international race for minerals thrusts the industry into the geopolitical spotlight like never before.... 


Congo eyes 30% of germanium’s global output by tapping new plant

6th October 2023

A newly built plant in Democratic Republic of Congo aims to produce 30% of the world’s germanium, according to its owner, potentially easing China’s dominance of the metal used in electronics and... 


Indian Prime Minister Narendra Modi

Modi’s green push spurs 120% mining stock frenzy in India

6th October 2023

The hunt for stock winners in the global race for green transition-linked minerals has found a new target: India’s miners. Shares of metals producers have outperformed local equity benchmarks this... 


Teck CEO Jonathan Price

Teck aiming for coal, metals business separation announcement by end of 2023, says CEO

6th October 2023

Canadian miner Teck Resources is aiming to make an announcement on the separation of its coal and metals business by the end of 2023, CEO Jonathan Price said on Thursday. Price, who was speaking... 


Aurubis to keep European copper premium at record high next year

5th October 2023

European copper producer Aurubis will keep the premium it charges to deliver metal to customers in the region at a record high next year as it anticipates a rebound in demand. The company on... 


Suncor to buy Total's Fort Hills stake in C$1.47bn deal

5th October 2023

Suncor Energy agreed to buy TotalEnergies' stake in the Fort Hills oil-sands mine for C$1.47-billion after an earlier deal to buy the French company’s Canadian assets was scuttled by... 


Enaex vehicles in operation at a mining site

Enaex chases North American deals as mine-blasting demand grows

3rd October 2023

Chilean industrial conglomerate Sigdo Koppers said it is scouring the market for acquisition targets in North America to grow its share of mining explosives as deteriorating ore grades push up... 


The IMF logo

Carbon pricing is key to delivering global emissions cuts, IMF says

3rd October 2023

Higher temperatures and more intense storms haven’t changed the fundamental challenge of climate policy: Countries around the world must find politically feasible ways to zero out emissions without... 


US weighing record $1bn loan for massive lithium mine in Nevada

US weighing record $1bn loan for massive lithium mine in Nevada

2nd October 2023

The US Energy Department is in talks to lend a record $1-billion to the developer of one of the country’s largest lithium deposits in a push to build out a domestic supply of critical minerals.... 


Haul trucks at one of Debswana's operations

De Beers signs ten-year sales deal for Botswana diamonds

2nd October 2023

Anglo American unit De Beers and Botswana’s government signed a deal covering the main aspects of a new sales and mining agreement for their Debswana diamond venture in the African nation. The pact... 


Richards Bay Coal Terminal

Striking workers at key South Africa coal port reject wage offer

29th September 2023

Workers at the Richards Bay Coal Terminal in South Africa rejected its latest wage offer and will continue to strike, according to the main labour union at the port. Members of the Association of... 


American Lithium bets it can open mine in Peru by 2027

29th September 2023

A subsidiary of American Lithium is betting it can defy the odds in Peru and open the country’s first lithium mine in speedy fashion despite a sluggish permitting system that can keep projects on... 


Vedanta is preparing to demerge sprawling operations

28th September 2023

Vedanta is nearing a deal to spin off its businesses into several listed entities in a broader restructuring that will help commodities tycoon Anil Agarwal unlock shareholder value, people familiar... 


Buenaventura chairperson Roque Benavides

Peru grapples with red tape that’s burying giant copper projects

28th September 2023

If political turmoil and social unrest were the hot topics at Peru’s top mining event last year, this year it’s red tape. While community opposition continues to weigh on the industry, executives... 


Chinese gold bugs lift price premium over world market to record level

Chinese gold bugs lift price premium over world market to record level

27th September 2023

China’s suddenly full of gold bugs. The market for bullion in China has surged this month, at times commanding a record premium over international prices of more than $100 an ounce, compared with... 


Glencore, Seriti weigh job cuts in South Africa due to ‘dire’ train situation

Glencore, Seriti weigh job cuts in South Africa due to ‘dire’ train situation

27th September 2023

Glencore and Seriti Resources are in talks to cut hundreds of jobs in South Africa as their ability to export coal is stymied by inefficiencies at the state-run freight company. Transnet, which... 


Lithium boom in Argentina hinges on politics, Zijin unit says

Lithium boom in Argentina hinges on politics, Zijin unit says

27th September 2023

Argentina is already the world’s fastest-growing producer lithium producer. But if the country wants to overtake some of its regional rivals, it needs the incoming administration to ensure business... 


Ontario Teachers’ bid for lithium stake on hold after lawsuit

Ontario Teachers’ bid for lithium stake on hold after lawsuit

27th September 2023

A dispute between two mining firms has cast uncertainty on a Canadian pension fund’s bid to invest in one of the world’s largest lithium projects. Ontario Teachers’ Pension Plan was nearing a deal... 


Copper plates at a refinery in Peru

Peru is approaching peak copper — for now — as new mines stall

27th September 2023

Peruvian copper production probably will rise through next year before flattening out due to a slowdown in investment, according to the head of the country’s mining society. Output from the... 


China scoops up cheap Indian iron-ore in bid to trim steel costs

26th September 2023

ndian iron-ore exports have surged this year as steel mills, mainly in the biggest buyer China, switched to lower-grade, cheaper feed in the face of dwindling profits. Combined outbound shipments... 


Vale seals deal for potential low-carbon iron-ore complex

26th September 2023

 Mining giant Vale and Brazil's top commercial port have signed an agreement to study the potential construction of a facility in Rio de Janeiro state that would produce low-carbon iron-ore... 


Alcoa names William Oplinger as CEO, succeeding Roy Harvey

26th September 2023

Alcoa named William Oplinger as CEO, replacing Roy Harvey who has led the largest US aluminum producer for almost seven years. Alcoa said Oplinger, 56, who was previously chief operations officer,... 


Investors with $24tr push companies to curb nature impact

Investors with $24tr push companies to curb nature impact

26th September 2023

Investors overseeing $23.6-trillion of funds have kick-started a campaign to pressure 100 companies to ramp up the fight against biodiversity loss. The targeted companies include BHP Group,... 


Congo plans new copper-cobalt smelter to serve informal miners

26th September 2023

Democratic Republic of Congo said it’s backing plans for a new domestically owned copper-cobalt plant to help formalize artisanal mining in the country, at a time when minerals crucial to electric... 


Polymetal CEO Vitaly Nesis

Gold miner may revive London listing after Russian asset sale

25th September 2023

Polymetal International CEO Vitaly Nesis said the gold miner may revive its London listing once its sanctioned Russian unit has been sold. Polymetal, which generates about 70% of its sales from... 


London-listed miner says Mali lithium project not hit by new law

London-listed miner says Mali lithium project not hit by new law

22nd September 2023

London-listed Kodal Minerals said its lithium project in Mali won’t be impacted by new legislation that entitles the state to a greater share of the West African nation’s mining assets. On August... 


Transnet CEO Portia Derby

Transnet says indebted companies are behind the calls for its CEO’s removal

21st September 2023

South Africa’s beleaguered state ports and rail company deepened its feud with the private sector, accusing business chambers of intimidation because they owe it money. A September 12 letter from... 


Talks have stalled over the development of the 44GW Grand Inga project with Andrew Forrest's Fortescue Future Industries.

Congo sees expanded UAE mining investment, seeks Inga partners

21st September 2023

Democratic Republic of Congo (DRC) is still looking for partners for the world’s biggest hydropower project and expects expanded mining investments from the United Arab Emirates (UAE) as the... 


Looming strike by miners raises worry about India Coal supplies

21st September 2023

The world’s biggest coal producer, state-owned Coal India, is facing a potential three-day strike across its core and subsidiary units, according to a stock exchange filing, prompting fears of... 


Top Philippine nickel miners may spend $2bn in new plants

21st September 2023

The Philippines’ two biggest nickel producers are planning to invest about $1-billion each to build processing plants, the companies’ top executives said, boosting the government’s push to develop... 


Barrick CEO Mark Bristow

Barrick says big miners show interest in Pakistan copper project

20th September 2023

Barrick Gold’s top executive says it’s not just Saudi Arabia interested in his company’s massive copper project in Pakistan — some major mining companies are, too. The Canadian miner’s $7-billion... 


Namibian President Hage Geingob

US missing out on Namibia’s hydrogen, mineral boom, Geingob says

20th September 2023

Namibian President Hage Geingob said the US is missing out on a chance to invest in green hydrogen projects and mineral resources in the southern African nation, while the European Union is showing... 


Fortescue says investors welcomed decisive moves on executives

20th September 2023

Fortescue Metals Group, dealing with a string of high-level departures that has raised questions over plans to transform the group into a green-energy powerhouse, said on Tuesday that investors... 


An oil and gas exploration rig in Namibia

Africa’s newest oil jackpot comes with a corruption curse

20th September 2023

It’s touted by some as possibly the world’s biggest-ever deep-water oil find. The discovery off the shores of Namibia last year by TotalEnergies and Shell of an estimated 11-billion barrels of... 


Gold Fields interim CEO Martin Preece

Gold Fields will decide fate of Ghana mine within four months

20th September 2023

Gold Fields will decide whether to keep or dispose of its stake in its smallest gold asset within the next four months, according to interim CEO Martin Preece. The Johannesburg-listed firm is... 


Wagner-linked gold miner in Sudan halts operations over conflict

19th September 2023

A Sudanese gold mining company linked to the Russian mercenary Wagner Group has suspended operations because of conflict in the North African nation. Al-Sawlaj Gold Mining Co. has been shuttered... 


Rio Tinto CEO says Chinese steel demand is close to peaking

19th September 2023

The chief executive officer of the world’s second-largest iron ore producer believes Chinese consumption of steel is close to topping out, with demand next year likely to be similar to 2023.... 


Rio Tinto CEO Jakob Stausholm

Rio Tinto sees building its own lithium mines as better than buying

19th September 2023

Riio Tinto Group wants to be a “meaningful” lithium producer, but is more focused on finding and building its own mines than joining the wave of dealmaking engulfing the industry, said CEO Jakob... 


Gold market volatility slumps to lowest since start of pandemic

15th September 2023

Gold markets haven’t been this calm since the onset of the Covid-19 pandemic, thanks to a deadlock between buyers and sellers that’s showing no signs of breaking. Six-month historical gold... 


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