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Share sales rebound 98% in Toronto as copper, gold prices surge
Share sales rebound 98% in Toronto as copper, gold prices surge
17th May 2024 By: Bloomberg

After a miserable year for share sales, Canada’s largest exchange is seeing a rebound thanks to mining firms raising capital as copper and gold prices have spiked. The volume of total financings on the Toronto Stock Exchange jumped 98% in the... 


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Arizona Metals appoints new CEO and chair
17th May 2024 By: Creamer Media Reporter

Explorer Arizona Metals has made key changes in its leadership team to steer the company in its next phase of growth with the development of the Kay Mine deposit. To facilitate the progression of... 


Copper plates produced in Chile
Chile's Cochilco raises 2024, 2025 copper price estimates
17th May 2024 By: Reuters

The Chilean Copper Commission (Cochilco) on Thursday raised its average copper price estimates for both this year and next. Cochilco now sees average copper prices this year at $4.30/lb, from... 


A US uranium enrichment plant
US to offer up to $3.4bn for nuclear fuel makers in June
17th May 2024 By: Bloomberg

The US plans to start soliciting bids worth as much as $3.4-billion to buy domestically produced nuclear reactor fuel as soon as next month, according to a government notice. The funding includes... 


Biden open to easing sanctions on billionaire Gertler in return for Congo exit
17th May 2024 By: Bloomberg

The US government is open to easing sanctions on billionaire mining magnate Dan Gertler if he gives up his business operations and assets in the Democratic Republic of Congo, where Washington’s... 


Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council, Geoscience, IDC going all out to boost South African exploration
17th May 2024 By: Martin Creamer

A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a... 


ESG key as investors back gold ETPs, metals funds – Tabula
17th May 2024 By: Sabrina Jardim

Gold exchange-traded products (ETPs) and metals funds are expected to benefit the most from positive flows into the commodities sector this year, with an environmental, social and governance (ESG)... 


Glencore's head office
Glencore expands adherence to standards, reporting frameworks to ensure sustainability
17th May 2024 By: Marleny Arnoldi

Global diversified miner Glencore’s emissions and energy use increased in 2023, but the group continues to make strides in managing its operations sustainably and according to ever-evolving... 


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Hummingbird says Corica restarts operations at Kouroussa
17th May 2024 By: Sabrina Jardim

Aim-listed Hummingbird Resources has reported the remobilisation of mining services provider Corica Mining Services at the Kouroussa gold mine, in Guinea. Corica in March suspended work at the mine... 


China's April coal output falls to lowest level since Oct 2022
17th May 2024 By: Reuters

China's coal production in April fell to its lowest level since October 2022, statistics bureau data and Reuters records showed on Friday, as continuing mine safety inspections curbed output.... 


An image of Petra CEO Richard Duffy
Petra weathers lower diamond prices in latest tender
17th May 2024 By: Tasneem Bulbulia

Independent diamond miner Petra Diamonds’ sixth tender cycle for the 2024 financial year yielded $44-million from the sale of 371 000 ct.   CEO Richard Duffy says like-for-like prices were... 


BHP needs to bid about £32 a share for Anglo, JPMorgan says
BHP needs to bid about £32 a share for Anglo, JPMorgan says
17th May 2024 By: Reuters

HP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. They raised their price target for... 


China’s top copper miner to ramp up output as supply risks mount
China’s top copper miner to ramp up output as supply risks mount
17th May 2024 By: Bloomberg

China’s leading copper miner raised its output guidance at a time when prices have been rallying toward a record on expected deficits. Zijin Mining Group aims to boost mined copper production to... 


Wits School of Mining Engineering Professor Fred Cawood
Greater man/machine collaboration needed as AI, automation evolve – Cawood
17th May 2024 By: Darren Parker

In the new world of digitised and automated mining that is headed towards increased dependence on AI to solve problems and facilitate complex processes, University of the Witwatersrand (Wits)... 


Mining Weekly Editor Martin Creamer
Green Energy, Manganese Metal Co, Anglo American make headlines
17th May 2024

Mining Weekly Editor Martin Creamer unpacks Nedbank's belief that Green Energy is a reindustrialisation opportunity for South Africa; Manganese Metal Co's first-mover advance to enter the manganese... 


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Trafigura says aluminium rally is ‘over done’ as supply returns
Trafigura says aluminium rally is ‘over done’ as supply returns
17th May 2024 By: Bloomberg

Aluminum prices should decline by at least 6% over the next six months as supply returns to the market and high interest rates continue to crimp manufacturing demand, according to an analyst from... 


Hot commodity silver sets pace as demand and deficit drive rally
Hot commodity silver sets pace as demand and deficit drive rally
17th May 2024 By: Reuters

Gold’s record-setting rally may have captured the headlines this year, but it’s silver that’s running harder and faster as the less glamorous metal benefits from robust financial and industrial... 


Impact gears up for year-end for PFS on Lake Hope HPA project
Impact gears up for year-end for PFS on Lake Hope HPA project
17th May 2024 By: Creamer Media Reporter

Exploration company Impact Minerals has set its sights on completing the prefeasibility study (PFS) for its high-purity alumina (HPA) endeavour, Lake Hope, by the year’s end, said MD Mike Jones on... 


Diatreme’s Metallica takeover offer period extended
17th May 2024 By: Creamer Media Reporter

The new closing date for mineral sands miner Diatreme Resources’ offmarket takeover of fellow ASX-listed Metallica Minerals has been extended to June 3. Following acceptances from the two biggest... 


Poseidon restarts Lake Johnston exploration after sales process ends
Poseidon restarts Lake Johnston exploration after sales process ends
17th May 2024 By: Mariaan Webb

ASX-listed Poseidon Nickel is getting back to exploration at the Lake Johnston project, in Western Australia, following a four-month hiatus while focusing on a sales process. Now that the heads of... 


AIC secures mining lease for Jericho, sets pathway for expanding Eloise copper output
AIC secures mining lease for Jericho, sets pathway for expanding Eloise copper output
17th May 2024 By: Mariaan Webb

The Queensland government has granted AIC Mines a mining lease for the Jericho copper mine, paving the way for surface works to get under way in preparation for mining. Development of Jericho will... 


Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024

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


Sector News

Magazine

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024

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

COPPER LEVERAGE: A revamped minerals-for-infrastructure deal between the Democratic Republic of Congo (DRC) and China’s Sicomines is contingent on the price of copper. Under the new contract, DRC will get $324-million yearly for infrastructure projects from its Chinese partners through to 2040 as long as the copper price remains above $8000/t. If copper rises above $12000/t, 30% of the additional profit will go to financing more infrastructure. If it falls below $8 000, funding will diminish and stop altogether at $5,200/t. Photograph: Bloomberg
COPPER LEVERAGE

A revamped minerals-for-infrastructure deal between the Democratic Republic of Congo (DRC) and China’s Sicomines is contingent on the price of copper. Under the new contract, DRC will get... 

Photo of Martin Creamer
South Africa’s reputation as an investment destination of choice must be regained

The 136-year-old Johannesburg Stock Exchange, whose roots and history stretch back to the earliest days of the mining boom in South Africa, is in need of smart augmentation and South Africa... 

Photo of Terence Creamer
Green stimulus

South Africa’s manufacturing sector is in dire need of stimulus. In its recently released ‘Industrial Policy & Strategy Review’, the Department of Trade, Industry and Competition (dtic) confirmed... 

Business Leader

 	Mark Wilson, CEO for Europe, Middle East and Africa as well as Asia Pacific at SYSPRO
Mark Wilson

This week we profile Mark Wilson, CEO for Europe, Middle East and Africa as well as Asia Pacific at SYSPRO, a provider of enterprise resource planning software 

THE OTHER POLL
THE OTHER POLL

There has been much discussion about South Africa’s attractiveness to investors following BHP’s bid for Anglo American’s non-South African assets and confirmation that Shell will be disinvesting... 

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