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Harmony Gold CEO Peter Steenkamp.
Harmony Gold board approves R7.9bn project on back of superb half-year results
28th February 2024 By: Martin Creamer

The board of mining company Harmony Gold has approved the commencement of a R7.9-billion life-of-mine (LoM) extension project at the rich Mponeng gold mine in the West Wits region of South Africa's... 


Resources Watch
Resources Watch
28th February 2024

This week: Glencore pleased with its performance against the backdrop of lower commodity, energy prices and, Rich new Copper 360 discovery points to big Chile-type copper mine potential  


Osisko establishes technical committee for Gaspe dewatering plan
28th February 2024 By: Creamer Media Reporter

Exploration and development company Osisko Metals has created a technical consultation committee to assist in developing a plan for the dewatering of the Mount Copper openpit at Gaspé Copper, in... 


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... 


Court victory for Sandfire’s Montana copper project
Court victory for Sandfire’s Montana copper project
27th February 2024 By: Mariaan Webb

Copper developer Sandfire Resources America has been given the green light to proceed with the construction of its Black Butte project, after the Montana Supreme Court reversed a 2021 district... 


Vale says court overturns suspensions of Sossego, Onca Puma mines
27th February 2024 By: Reuters

Brazilian miner Vale said in a filing on Monday that a court has granted a temporary injunction giving back operational licenses to the company's Sossego and Onca Puma mines. The miner was... 


Panama to defend interests in First Quantum case, official says
27th February 2024 By: Reuters

Panama will defend its interests in a legal dispute with Canadian miner First Quantum, Panama's deputy finance minister told Reuters on Monday. The miner had last week said it was seeking... 


Ivanhoe Mines co-chairperson Robert Friedland
Ivanhoe posts record normalised profit, adjusted earnings for 2023
26th February 2024 By: Marleny Arnoldi

Canadian miner Ivanhoe Mines has reported a record normalised profit of $388-million, as well as record adjusted earnings of $604-million for 2023. The Kamoa-Kakula operation, in the Democratic... 


Tertiary signs JV agreement to form new Zambian copper exploration company
26th February 2024 By: Darren Parker

Aim-listed Tertiary Minerals has signed a new joint venture (JV) agreement with local partner Mwashia Resources that will consolidate ownership of the Jacks, Mukai and Mushima North copper... 


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... 


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... 


Mark Cutifani
Vale sees no sign of environmental breach at suspended mines
26th February 2024 By: Reuters

Brazilian miner Vale does not see signs of environmental or social breach at two of its mines whose operating licenses were suspended this week, Vale Base Metals chair Mark Cutifani said on... 


Hudbay guides higher copper, lower gold output for 2024
26th February 2024 By: Creamer Media Reporter

Canadian mining company Hudbay Minerals has had a strong end to 2023, with higher copper production, record gold production and record financial performance in the final quarter. This strong... 


Western Copper appoints new CEO
26th February 2024 By: Creamer Media Reporter

Western Copper and Gold, which is developing the Casino project in the Yukon Territory, has appointed Sandeep Singh as CEO with immediate effect. Singh will work closely with Paul West-Sells, who... 


Xtract's Kalenga copper project, in Zambia
Xtract concludes Manica disposal
23rd February 2024 By: Marleny Arnoldi

Aim-listed Xtract Resources has concluded the disposal of its entire interest in the Manica gold project, in Mozambique. The company in January agreed terms for the disposal of its 23% net profit... 


Zijin Mining gains approval for Tibet copper mine expansion
23rd February 2024 By: Reuters

Chinese miner Zijin Mining has received local government approval for the second phase expansion of its Julong copper project in Tibet, the company said in a filing to the Shanghai Stock Exchange... 


An image of the surroundings at the site location of the Omitiomire project
Developer progresses copper project
23rd February 2024 By: Trent Roebeck

After having been stalled for seven years, the Omitiomire copper project of Namibian copper explorer and developer Omico Mining has now completed phases 1, 2 and 3 of metallurgical testwork, with... 


First Quantum CEO Tristan Pascall
First Quantum announces capital restructuring to reduce debt
22nd February 2024 By: Reuters

First Quantum Minerals on Wednesday announced a series of capital restructuring measures that would strengthen its balance sheet and cut debt, a move that will help the Canadian miner deliver on... 


Vale says its Sossego copper mine operating licence has been suspended
Vale says its Sossego copper mine operating licence has been suspended
22nd February 2024 By: Reuters

Brazilian miner Vale said on Wednesday it had received a letter from the State of Para's environmental secretary informing it that its operating license for its Sossego mine has been suspended.... 


First Quantum says it is seeking $20bn over Panama mine closure order
First Quantum says it is seeking $20bn over Panama mine closure order
21st February 2024 By: Reuters

Copper miner First Quantum Minerals said on Wednesday it was seeking $20-billion through international arbitration after Panama ordered the closure of the company's mine in the central American... 


Hot Chili executes option to acquire Chile project
21st February 2024 By: Creamer Media Reporter

ASX- and TSX-V-listed Hot Chili has executed an option agreement with ASX-listed Bastion Minerals for the right to acquire the Cometa project in Chile. The project is near Hot Chili’s Costa Fuego... 


Sibanye CEO Neal Froneman
Sibanye incurs $2.58bn in impairments on lower metals prices
21st February 2024 By: Tasneem Bulbulia

Multinational mining and metals processing group Sibanye-Stillwater has incurred impairments of $2.58-billion, or about R47.45-billion, for the 2023 financial year, on the back of the deterioration... 


Glencore's head office
Glencore pleased with its performance against the backdrop of lower commodity, energy prices
21st February 2024 By: Marleny Arnoldi

Global mining company Glencore has recommended a $0.13 a share, or $1.6-billion, base cash distribution to shareholders for the 2023 financial year, comprising $1-billion from marketing cash flows... 


Copper, gold to get 'largest immediate' boost from Fed easing, Goldman says
21st February 2024 By: Reuters

Copper and gold are expected to see the largest immediate price boost in the commodities sector from potential US Federal Reserve interest rate cuts, analysts at Goldman Sachs said. "The immediate... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto posts lower FY profit
21st February 2024 By: Mariaan Webb

Diversified mining major Rio Tinto CEO Jakob Stausholm on Wednesday reported “resilient” financial results for 2023, with free cash flow of $7.7-billion and underlying earnings of $11.8-billion.... 


First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing
First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing
21st February 2024 By: Mariaan Webb

Canada-headquartered First Quantum Minerals, which is facing a major challenge with the closure of its flagship Panama mine, is making progress with its balance sheet initiatives. These include,... 


First Quantum Minerals re-shuffles management at Zambian operation
21st February 2024 By: Reuters

Canadian miner First Quantum Minerals is re-shuffling top-tier personnel at its Zambian operations in a bid to tackle production and safety shortfalls in the South African country, an internal memo... 


A copper mine in the DRC operated by Gecamines
Gecamines plans overhaul of mining JVs in world's top cobalt supplier
20th February 2024 By: Reuters

The Democratic Republic of Congo's (DRC's) State miner is broadening a push to extract more from its copper and cobalt joint ventures, seeking to negotiate for higher stakes across the board to... 


Antofagasta CEO Ivan Arriagada
Antofagasta says profit up 5% in 2023, cuts dividend
20th February 2024 By: Reuters

Chile's Antofagasta on Tuesday reported a 5% rise in 2023 profit as copper production and prices increased, offsetting higher costs. Although the mining group reported earnings before interest,... 


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