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The Westwood mine, in Canada, achieved its highest quarter of production since mining restarted in 2021.
The Westwood mine, in Canada, achieved its highest quarter of production since mining restarted in 2021.
Iamgold guidance on track as Essakane and Westwood shine
10th May 2024 By: Mariaan Webb

Canadian gold miner Iamgold has announced a promising start to the year, reporting robust results across its operations and projects in the first quarter, positioning the company well to meet its guidance targets. CEO Renaud Adams attributed the... 


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SQM and Hancock wrap up Azure transaction
10th May 2024 By: Mariaan Webb

Australian battery metals explorer Azure Mining has been successfully acquired by joint bidders SQM and Hancock Prospecting in a A$1.7-billion deal.   The Chilean miner teamed up with Australia’s... 


A platinum bar
Johnson Matthey forecasts lower palladium, rhodium deficits, but larger platinum deficit
9th May 2024 By: Marleny Arnoldi

Chemicals and sustainable technologies provider Johnson Matthey says the palladium and rhodium markets are likely to record smaller deficits this year, while platinum is likely to record a deficit... 


A diamond being analysed
De Beers progresses diamond traceability, emissions reduction targets
9th May 2024 By: Chanel de Bruyn

As part of efforts to provide increased provenance across the diamond industry, De Beers plans to bring the first non-De Beers Group goods onto its Tracr platform this year. The Tracr platform uses... 


AngloGold CEO Alberto Calderon
AngloGold starts year with 2% higher output despite flooding in Australia
Updated 2 hours 35 minutes ago By: Marleny Arnoldi

Gold miner AngloGold Ashanti has started the year off well, with a 2% increase in production to 581 000 oz for the quarter ended March 31, despite the impact of heavy rain and flooding on output in... 


GR Engineering bags A$71m Kathleen Valley contract
GR Engineering bags A$71m Kathleen Valley contract
Updated 3 hours ago By: Creamer Media Reporter

ASX-listed GR Engineering Services has been awarded an engineering, procurement and construction (EPC) contract with LRL, a wholly-owned subsidiary of Liontown Resources, for the Kathleen Valley... 


MRC plans to sell SA mineral sands mine as focus shifts to graphite
MRC plans to sell SA mineral sands mine as focus shifts to graphite
Updated 3 hours ago By: Mariaan Webb

ASX-listed Mineral Commodities (MRC) has announced a decision to divest its interest in the Tormin mineral sands mine in South Africa to allow the company to focus its efforts on graphite assets... 


St Barbara’s decade-long vision for Simberi
St Barbara’s decade-long vision for Simberi
Updated 3 hours ago By: Mariaan Webb

Australian gold miner St Barbara has crafted a roadmap for the advancement of the Simberi mine, in Papua New Guinea, outlining production scenarios aimed at elevating output to about 230 000 oz/y... 


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Manganese Metal Company chairperson Bernard Swanepoel
Fantastic advance by Proudly South African manganese battery metal first-mover
Updated 4 hours ago By: Martin Creamer

Proudly South African Manganese Metal Co (MMC) of Mbombela, Mpumalanga, is making a fantastic first-mover advance to enter the manganese battery metal market, which is progressing super-fast. To be... 


Savannah could request compulsory land acquisitions for Portuguese lithium project
Savannah could request compulsory land acquisitions for Portuguese lithium project
Updated 5 hours ago By: Reuters

London-based Savannah Resources will if necessary ask Portugal's government to authorise compulsory land acquisitions for its planned lithium mines in the country's north, CEO Emanuel Proenca said,... 


Vietnam top coal miner says increasing sales to power plants
Updated 6 hours ago By: Reuters

Vinacomin, Vietnam's largest coal miner, said it had significantly boosted sales to fuel domestic power plants at the same time as the country is ramping up its coal imports to try to avoid a... 


Sev.en's Czech miner suspending CSA mine, to lay off workers
Updated 6 hours ago By: Reuters

Severni Energeticka, part of the Sev.en energy group, will suspend mining at its CSA site and lay off 485 workers by July, the Czech brown coal miner said on Thursday. The company is due to make a... 


Copper above $10 000 as supply worries counter faltering demand
Updated 6 hours ago By: Bloomberg

Copper climbed above $10 000 a ton as predictions for tighter global supplies and rising consumption in electric vehicles and power grids countered signs of demand destruction in top user China.... 


Hard disk drive demand rebound holds opportunities for platinum – council
Updated 7 hours ago By: Tasneem Bulbulia

The market for hard disk drives (HDDs) is showing signs of a rebound after almost two years of decline, as the rapid growth in machine learning and AI are driving the need for expanded data... 


Photo of Martin Creamer
South Deep, Rietberg, mineral exploration make headlines
Updated 7 hours ago

Mining Weekly Editor Martin Creamer discusses developments around Gold Fields’s potential wind energy project at the South Deep Gold Mine; Copper360's  Rietberg underground copper mine opening... 


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Latest News

Tirupati grows production, sales but warns of working capital limitations
10th May 2024 By: Marleny Arnoldi

London-listed Tirupati Graphite has successfully grown its commercial production by 49% year-on-year and its sales revenue by 70% year-on-year for the financial year ended March 31, despite working... 


Mkango executives’ salaries cut by up to 50% until September
10th May 2024 By: Darren Parker

Aim-listed Mkango Resources has cut the salaries of its executive management team by between 25% and 50% from April through to September. This comes as part of the company’s cost cutting... 


DRDGOLD operation
DRDGOLD posts lower third-quarter output, but higher earnings
10th May 2024 By: Marleny Arnoldi

JSE-listed gold recovery company DRDGOLD has generated higher adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended March 31, compared with the same... 


An image showing the Moma titanium minerals mine
Kenmare paid Moz govt $30 561 in taxes, royalties and fees for 2023
10th May 2024 By: Tasneem Bulbulia

London-listed Kenmare Resources paid the Mozambique government $30 561 – made up of  $19 798 in taxes, $10 259 in royalties and $504 in fees – in 2023, the company reports in its ‘Payments to... 


Sibanye underground workers
Sibanye reports lowest serious injury rate in its history for the first quarter
10th May 2024 By: Darren Parker

JSE- and NYSE-listed Sibanye-Stillwater has reported its lowest group serious injury frequency rate (SIFR) in its history for the first quarter, ended March 31. The SIFR of 2.19 was 15% lower than... 


BHP and Rio work closely together on the Escondia mine.
Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports
10th May 2024 By: Reuters

Mining giant Rio Tinto had considered an offer for British miner Anglo American, which is now BHP Group's $39-billion takeover target, the Australian Financial Review reported on Friday. Rio... 


A hydrogen-fueled haul truck in operation at Anglo American Platinum's Mogalakwena mine
Anglo American's South Africa investors open to improved BHP bid, FT reports
10th May 2024 By: Reuters

Anglo American's key South African shareholders are open to a takeover offer from BHP, with some advocating for an additional cash component to the bid, the Financial Times reported on Thursday.... 


Sector News

Magazine

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

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

COPPER IN FOCUS: There is a long way to go and there is much uncertainty, but the $39-billion bid by BHP for Anglo American certainly underlines the growing importance of copper not only to the mining majors but also a world economy undergoing an energy transition. If successful, the deal, which would exclude Anglo’s South African iron-ore and platinum assets, would create the world's biggest miner of copper, seen being produced here at Anglo’s Quellaveco mine in Peru. Photograph: Reuters
COPPER IN FOCUS

There is a long way to go and there is much uncertainty, but the $39-billion bid by BHP for Anglo American certainly underlines the growing importance of copper not only to the mining majors but... 

Photo of Martin Creamer
South Africa simply must get mineral exploration going again at pace

South Africa’s Exploration Plan, released in 2022, set an ambitious target of raising South Africa’s share of global exploration dollars  from below the 1% where it is now to 5% in as many years.... 

Photo of Terence Creamer
Coalitions and reform

With the 2024 election days away, attention is turning to the governance arrangements that will prevail nationally and in key battleground provinces following the poll and what these outcomes will... 

Business Leader

Denzil Steyn, MD of Intellisec South Africa
Denzil Steyn

This week we profile Denzil Steyn, MD of Intellisec South Africa, which installs smart site management systems to reduce costs, increase security and manage production and site facilities on a... 

HEAT IS ON
HEAT IS ON

Reaction to BHP’s bid price for Anglo American may be cool, but it has definitely ignited renewed interest in mega mining mergers. It has also brought to the fore the importance of copper to the... 

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