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Antofagasta secures $2.5bn for Centinela expansion project
Antofagasta secures $2.5bn for Centinela expansion project
Updated 1 hour 38 minutes ago By: Creamer Media Reporter

Chile-based copper miner Antofagasta on Tuesday announced $2.5-billion of financing for its Centinela Second Concentrator project, which will add 144 000 t/y of copper production at the mine. The London-listed company has signed definitive... 


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US DoE pumps $750m into hydrogen technology projects
Updated 2 hours 29 minutes ago By: Creamer Media Reporter

The US Department of Energy (DoE) has announced $750-million for 52 projects across 24 states to accelerate breakthroughs in clean hydrogen technology. The funding, announced last week, will help... 


ENRG awarded grant funding for Manitoba exploration
Updated 4 hours ago By: Creamer Media Reporter

ASX-listed ENRG Elements has been awarded a co-funded grant of up to C$180 000 from the Manitoba Mineral Development Fund (MMDF) to assist with the advancement of its lithium projects in Canada.... 


Retired Tiffany & Co exec appointed to Diamcor’s board
18th March 2024 By: Tasneem Bulbulia

Recently retired Tiffany & Co executive D. Wayne Howard has joined the board of diamond mining company Diamcor Mining as an independent director. “I am very pleased to announce the addition of Mr.... 


Menar MD Vuslat Bayoglu.
RBCT, TFR show that private-public collaboration can work very well – Menar
Updated 50 minutes ago By: Martin Creamer

The private-sector’s Richards Bay Coal Terminal (RBCT) and the State’s Transnet Freight Rail (TFR) have shown that the private sector and State-owned entities can work together very well, Menar MD... 


The Uis tin mine in Namibia
Andrada subsidiary enters into N$175m financing deal with Namibian lender
Updated 1 hour ago By: Creamer Media Reporter

African technology metals mining company Andrada Mining reports that its Uis Tin Mining Company (UTMC) subsidiary has entered into a conditional credit-approved N$175-million funding agreement with... 


Canada Nickel makes new discovery at Newmarket, best interval to date at Reid
Updated 1 hour 2 minutes ago By: Creamer Media Reporter

TSX-V-listed Canada Nickel Company has announced positive initial assay results from its 2024 exploration programme, including the first two holes at the Newmarket property and results from the... 


Miners getting ready to start their shift at Zimplats' Bimha mine
Implats’ Zimbabwe unit plans voluntary job cuts to contain costs
Updated 3 hours ago By: Bloomberg

Impala Platinum Holdings’ Zimbabwean unit is offering staff voluntary redundancy packages to cut costs because of anemic metal prices. Weak platinum group metal prices are projected to last for the... 


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Reward confirms unsuccessful bid for Beyondie project
Reward confirms unsuccessful bid for Beyondie project
Updated 3 hours ago By: Creamer Media Reporter

The share price of Reward Minerals plunged 40% on Tuesday as the company confirmed its failed bid for the Beyondie sulphate of potash project, in Western Australia. Reward has been unable to... 


Gold bars
Dirty gold can still slip into London market, rights groups say
Updated 3 hours ago By: Reuters

The London Bullion Market Association (LBMA), which sets standards for the world’s most established gold market, needs to do more to exclude gold linked to human rights abuses or criminality from... 


Leadership transition at Poseidon Nickel
Updated 4 hours ago By: Creamer Media Reporter

Having overseen the proposed sale of the Lake Johnston assets and implemented substantial cost-saving initiatives, CEO Craig Jones is departing Poisedon Nickel. “With the divestment of Lake... 


Sandfire’s early growth and success stemmed from the discovery of the high-grade DeGrussa copper/gold deposit, in Western Australia.
Sandfire announces $200m credit line
Updated 6 hours ago By: Mariaan Webb

Australia-headquartered Sandfire Resources on Tuesday announced a $200-million corporate revolver facility (CRF), with some of the proceeds going towards paying off a facility linked to its Matsa... 


Mining operations at Hummingbird’s Kouroussa mine temporarily suspended
18th March 2024 By: Sabrina Jardim

The principal contract miner at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea has temporarily suspended mining operations as of March 17 as a result of various contractual disputes.... 


Lulo alluvial resource increases carats by 48%
18th March 2024 By: Sabrina Jardim

After accounting for mining depletion of 30 585 ct during the 2023 calendar year, ASX-listed Lucapa Diamond Company and its partners Endiama and Rosas & Petalas have reported that alluvial... 


Merafe CEO Zanele Matlala and FD Ditabe Chocho.
Ferrochrome producer Merafe cites green energy solutions as 2024 opportunity
18th March 2024 By: Martin Creamer

The Glencore-Merafe Chrome Venture is exploring renewable energy projects to mitigate power shortages and power costs, Merafe Resources CEO Zanele Matlala said on Monday, when the Johannesburg... 


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Thiess to acquire PYBAR for A$65m
18th March 2024 By: Mariaan Webb

Mining services company Thiess on Monday announced a transaction with Metarock Group to acquire its Australia-based underground metals business, PYBAR Holdings. PYBAR will join the Thiess Group... 


Boliden to invest $463m at Swedish copper smelter
Boliden to invest $463m at Swedish copper smelter
18th March 2024 By: Reuters

Swedish metals maker Boliden said on Monday it will invest 4.8-billion Swedish crowns ($463.5-million) in a new tank house to boost refining capacity at its Ronnskar copper smelter, which was last... 


An image of Thungela CEO July Ndlovu
Thungela delivers strong financial performance despite rail, price headwinds
18th March 2024 By: Tasneem Bulbulia

Thermal coal exporter Thungela Resources says it delivered a resilient performance for the year ended December 31, 2023, which underpinned strong cash generation and a robust net cash position.... 


Global commodity trading profits topped $100bn for second-best year ever
18th March 2024 By: Bloomberg

The commodity trading industry reaped its second-best year ever in terms of profits, banking over $100-billion and building up a mountain of cash to spend on assets and breaking into new markets.... 


Put sanctions on Russian-origin aluminium not on Rusal, industry group says
18th March 2024 By: Reuters

ndustry group European Aluminium wants the European Union to impose sanctions on aluminium supplied from Russia but not EU-based companies owned by Rusal which produces bauxite and alumina outside... 


First Quantum Minerals' Kansanshi copper mine, in Zambia
First Quantum’s Kansanshi expansion project on schedule for completion in mid-2025
18th March 2024 By: Marleny Arnoldi

TSX-listed gold and base metals miner First Quantum Minerals CEO Tristan Pascal is pleased with the level of progress on the ground at the S3 expansion project, at the Kansanshi mine, in Zambia.... 


Underground mechanised mining trainee with VR set
Murray & Roberts Cementation raises the bar on mechanised mine training
18th March 2024 By: Marleny Arnoldi

Mining contractor Murray & Roberts Cementation on March 14 hosted a media tour of the mock-up mine and training facilities at its Bentley Park Training Academy, in Carletonville. The site is... 


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Magazine

Magazine round up | 15 March 2024
Magazine round up | 15 March 2024

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

The International Monetary Fund is urging the Nigerian government to urgently address growing food insecurity, amid surging food-price inflation and a steep hike in interest rates, implemented by the central bank in a bid to stabilise a rapid weakening naira. “With about 8% of Nigerians deemed food insecure, addressing rising food insecurity is the immediate policy priority,” the IMF said in a statement earlier this month. Photograph: Bloomberg
FOOD CRISIS

The International Monetary Fund is urging the Nigerian government to urgently address growing food insecurity, amid surging food-price inflation and a steep hike in interest rates, implemented by... 

Photo of Martin Creamer
South Africa’s key export markets need to be watched with ceaseless vigilance

Platinum group metal basket prices are dangerously down in part because of eyes being taken off changed situations in key markets. For instance, the rhodium price has suffered badly because the... 

Photo of Terence Creamer
Not so quiet revolution

For several years, the roll-out of rooftop solar, batteries and inverters has been referred to as South Africa’s quite revolution. While Eskom struggled to keep the lights on and government battled... 

Business Leader

Fatima-Joyce Packery, CEO of PF Africa Mining
Fatima-Joyce Packery

This week we profile Fatima-Joyce Packery, CEO of PF Africa Mining, which operates ferrochrome recovery plants 



GAS CLIFF: Warnings of a gas day zero in 2026 are alarming, but not new. There has, however, been very little progress on possible remedies. Disputes over gas pricing have arguably made cooperation difficult, but that is what is desperately needed. All eyes are now on the government-led task team set up to develop a joint strategy and whether that strategy will be sufficient to ensure a so-called seamless transition to non-Sasol gas.
GAS CLIFF

Warnings of a gas day zero in 2026 are alarming, but not new. There has however, been very little progress on possible remedies. Disputes over gas pricing have arguably made cooperation difficult,... 

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pqt: 0.219s - ct: 0.324s - 150pq - 2rq
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