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Australasia

Core and Lucas Total terminate Finniss mining contract
Core and Lucas Total terminate Finniss mining contract
28th February 2024 By: Creamer Media Reporter

Australian hard-rock lithium producer Core Lithium has terminated its mining services agreement with Lucas Total Contract Solutions at the Finniss operation, in the Northern Territory. This follows... 


Accelerate sells noncore Pilbara licences to Fortescue
28th February 2024 By: Creamer Media Reporter

Exploration company Accelerate Resources (AX8) has sold two exploration licences in east Pilbara to a subsidiary of Fortescue Metals for A$300 000 and a milestone payment of $500 000 should mining... 


AUMS worker killed at Endeavour’s Mana mine
28th February 2024 By: Creamer Media Reporter

An African Underground Mining Services (AUMS) employee died on Tuesday at the Mana mine in Burkina Faso. AUMS, a subsidiary of ASX-listed Perenti, is the underground mining contractor for... 


Euro Sun Mining CEO Grant Sboros.
South African leading critical mining project in Romania where red tape is being cut
27th February 2024 By: Martin Creamer

Toronto-listed Euro Sun Mining, headed by South African CEO Grant Sboros, is advancing a development-stage gold and copper project in Romania, a country which is reportedly shedding its rigidly... 


Rare earths
Ionic finds promising rare earth intersections, expands exploration target at Makuutu
27th February 2024 By: Marleny Arnoldi

ASX-listed Ionic Rare Earths has identified 69 holes with clay-hosted rare earth intersections above the current resource cut-off across three licences at the Makuutu rare earths project, in... 


Hive Hydrogen South Africa chairperson Thulani Gcabashe.
Hive Hydrogen signs wind power deal for R105bn Eastern Cape green ammonia plant
27th February 2024 By: Martin Creamer

Hive Hydrogen South Africa has signed an agreement with Genesis Eco-Energy to implement 372 MW of wind power in the Western Cape, in support of the development of its R105-billion green ammonia... 


Northern Star shows support for PolarX
Northern Star shows support for PolarX
27th February 2024 By: Creamer Media Reporter

Global-scale Australian gold miner Northern Star has agreed to fully underwrite exploration and development company PolarX’s entitlement offer that seeks to raise about A$4.92-million. PolarX will... 


Wiluna pilot plant be operational by H2 – Toro
27th February 2024 By: Creamer Media Reporter

ASX-listed uranium development and exploration company Toro Energy is advancing the design phase of its beneficiation and hydrometallurgical pilot plant at a facility in Perth, in line with plans... 


Indonesia's coal-fired nickel output is pricing out greener metal that has so far failed to command a market premium.
Nickel faces existential moment with half of mines unprofitable
27th February 2024 By: Bloomberg

Many of the world’s biggest nickel mines are facing an increasingly bleak future as they wake up to an existential threat: a near limitless supply of low-cost metal from Indonesia. With roughly... 


Deep Yellow hikes Mulga Rock resource
26th February 2024 By: Creamer Media Reporter

Uranium developer Deep Yellow has reported a 26% increase in the total contained uranium in the Mulga Rock East project, in the Great Victoria desert of Western Australia, to 71.2-million pounds... 


Sovereign commissions sustainable farming initiative in Malawi
26th February 2024 By: Sabrina Jardim

ASX- and Aim-listed titanium and graphite miner Sovereign Metals has commissioned a conservation farming programme, in Malawi, as part of the environmental, social and governance (ESG) obligation... 


Australian scientists make progress in dealing with hydrogen embrittlement of steel
26th February 2024 By: Rebecca Campbell

Australian researchers have made a step forward in addressing perhaps the biggest single obstacle to the large-scale roll-out of the hoped-for hydrogen economy: hydrogen embrittlement. This is the... 


screens showing commodity stock exchanges
Disappointing results from world’s top miners highlight market challenges, Tickmill says
26th February 2024 By: Darren Parker

The underwhelming results from two of the largest global multinational mining and commodity companies Anglo American and Glencore, which both released their 2023 financial and preliminary results... 


Jubilee Metals in South Africa and Zambia.
South Africa’s Jubilee Metals continuing to grow copper strongly in Zambia
26th February 2024 By: Martin Creamer

The copper operations in Zambia of South Africa’s Jubilee Metals showed strong growth in the six months to December 31, with further sharp increases expected going forward. The Johannesburg- and... 


Lithium Universe secures industrial land for Quebec refinery
26th February 2024 By: Creamer Media Reporter

Australia-listed Lithium Universe on Monday announced the execution of an option agreement to purchase a commercial property in the Becancour Waterfront Industrial Park (BWIP) for its planned 16... 


Cobalt Blue considers downscaling Broken Hill project
26th February 2024 By: Creamer Media Reporter

Australia’s Cobalt Blue has initiated a strategic review of its Broken Hill Cobalt Project (BHCP) in New South Wales, contemplating the viability of a scaled-down operation amid challenging cobalt... 


Sibanye-Stillwater CEO Neal Froneman
Sibanye reports 55.1% increase in lithium carbonate equivalent resources
26th February 2024 By: Darren Parker

JSE- and NYSE-listed Sibanye-Stillwater has reported a 55.1% increase in attributable lithium mineral resources as at the end of last year, along with a general expansion and diversification of its... 


The Phalaborwa Rare Earths Project involves the recovery of rare earths from gypsum and waste dumps.
Likely lifespan boost for critical rare earths project in South Africa’s Limpopo province
26th February 2024 By: Martin Creamer

South Africa’s rare earths project in Limpopo has received a distinctly possible lifespan boost to more than 16 years following an updated bulk density calculation, which has enlarged the likely... 


WTO director general Ngozi Okonjo-Iweala
WTO seeks modest outcomes in Abu Dhabi at 'critical juncture' for global trade
26th February 2024 By: Reuters

Trade ministers from nearly every country in the world gathered in Abu Dhabi on Monday for a World Trade Organization meeting that aims to set new global commerce rules, but even its ambitious... 


Fortescue CEO Andrew Forrest
Billionaire Forrest backs carbon levy on Australia fossil fuels
26th February 2024 By: Bloomberg

Australia should impose a proposed carbon levy on fossil fuel producers to accelerate efforts to meet climate targets, according to billionaire mining-to-clean energy tycoon Andrew Forrest. “It’s... 


Lynas CEO Amanda Lacaze
Lynas jumps as H1 profit tops estimates despite soft China demand
26th February 2024 By: Reuters

Australia's Lynas on Monday posted a better-than-expected half-year profit, sending its shares higher, even as the rare-earths miner navigated a tough market with weak underlying commodity prices... 


Fortescue Metals CEO Andrew Forrest
Forrest urges LME to separate nickel contracts into 'dirty' and 'clean'
26th February 2024 By: Reuters

The London Metal Exchange should classify its nickel contracts into "clean" and "dirty" contracts to give customers more choice, Australian iron ore magnate Andrew Forrest said on Monday. The... 


The loan seeks to refinance a bridge loan to back the acquisition of the Daunia and Blackwater (pictured) coal mines in Queensland from BHP.
Private credit dominates Whitehaven Coal's $1.1bn loan
26th February 2024 By: Bloomberg

Australian coal firm Whitehaven Coal drew 17 private credit providers and one bank for a $1.1-billion loan to buy two mines, the latest example of direct lenders benefiting from banks’ tighter... 


Alcoa aims to take out Australian partner Alumina in $2.2bn deal
Alcoa aims to take out Australian partner Alumina in $2.2bn deal
26th February 2024 By: Reuters

US aluminium producer Alcoa on Monday made a non-binding, conditional buyout proposal for its Australian joint venture partner Alumina, valuing the company at $2.2-billion in an all-stock offer.... 


AngloGold Ashanti CEO Alberto Calderon
AngloGold reports dip in full-year profit, but strong free cash flow generation and production
23rd February 2024 By: Marleny Arnoldi

Diversified miner AngloGold Ashanti has reported a strong performance in the 2023 financial year, having achieved production guidance at 2.6-million ounces and $109-million of free cash flow. The... 


Perseus expresses interest in Newmont’s Ghana mine sale
Perseus expresses interest in Newmont’s Ghana mine sale
23rd February 2024 By: Mariaan Webb

Australian miner Perseus Mining will be interested in acquiring the Akyem mine, in Ghana, chairperson and CEO Jeff Quartermaine said on Friday. This follows Newmont’s announcement on Thursday of... 


Panoramic CEO and CFO roles made redundant
23rd February 2024 By: Creamer Media Reporter

The administrators of Panoramic Resources this week announced that the role of CEO had been made redundant. This followed the cessation of operations at the Savannah nickel project last month,... 


Lotus to raise $30m to accelerate Kayelekera restart, Letlhakane development
23rd February 2024 By: Sabrina Jardim

ASX-listed Lotus Resources plans to raise $30-million through the issue of 100-million new shares at $0.30 apiece to strategic investors. The placement funds will enable Lotus to accelerate the... 


Spodumene production will be reduced at Mt Cattlin, in Australia
Newly merged Arcadium Lithium slows pace of expansion
23rd February 2024 By: Mariaan Webb

NYSE- and ASX-listed Arcadium Lithium – the company formed from the merger of equals between Livent and Alkem – has flagged a slowdown in the pace of its expansion plans in light of the current... 


Sandeep Biswas
Activist investor Elliott to target mining assets worth at least $1 billion
23rd February 2024 By: Reuters

Elliott Management is setting up a company to hunt for global mining assets in the range of at least $1-billion, as it seeks to take advantage of the depressed valuation of groups operating in the... 


Woodside to sell $1.4bn stake in key gas project to Jera
Woodside to sell $1.4bn stake in key gas project to Jera
23rd February 2024 By: Bloomberg

Woodside Energy Group to a $1.4-billion deal to sell a 15.1% stake in its flagship Scarborough liquefied natural gas project to Jera Co., Japan’s biggest power producer, as consumers aim to secure... 


Newmont will sell the Telfer mine, in Australia
Newmont puts six mines, two projects on the block
22nd February 2024 By: Mariaan Webb

Gold mining major Newmont will put up for sale six mines and two projects, optimising its portfolio to focus on ten tier-one assets that will produce 6.7-million gold ounces by 2028. The six mines... 


Gold Fields' Damang mine, in Ghana
Gold Fields posts higher full-year earnings, maintains dividend at R7.45
22nd February 2024 By: Marleny Arnoldi

JSE- and NYSE-listed Gold Fields has declared a total dividend of R7.45 a share for the year ended December 31, with $703-million in attributable profit having been generated. The attributable... 


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