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Citi says deals from Gulf into Africa are keeping bankers busy
5th December 2024 By: Bloomberg

Rich investors from the Middle East are scouring Africa for deals in agricultural projects, critical minerals and renewable power, according to Citigroup. They’re looking at countries such as Kenya... 


NexGen inks first uranium sales deals with major US utilities
NexGen inks first uranium sales deals with major US utilities
5th December 2024 By: Reuters

Canada-based uranium miner NexGen Energy said on Wednesday it had signed its first agreements with US utility companies to supply five-million pounds of the nuclear fuel ingredient. Uranium will... 


Gold bulls’ ranks swell as Macquarie raises forecasts for 2025
Gold bulls’ ranks swell as Macquarie raises forecasts for 2025
5th December 2024 By: Bloomberg

Gold has scope to push higher next year, likely hitting a record, as the Federal Reserve cuts rates and central banks add bullion to reserves, according to Macquarie Group. The precious metal may... 


Adaro Andalan rises 20% after Indonesia’s largest IPO this year
Adaro Andalan rises 20% after Indonesia’s largest IPO this year
5th December 2024 By: Bloomberg

Shares of coal miner PT Adaro Andalan Indonesia jumped in their first day of trading, in a show of demand for Indonesia’s largest initial public offering in about a year and a half. The... 


BHP's Geraldine Slattery
BHP not fixated on copper growth organically or through acquisitions, exec says
5th December 2024 By: Reuters

BHP is not fixated on whether copper growth comes from building out its own business or through acquisitions, the miner's president of Australia, Geraldine Slattery, said on Thursday. "Growth is... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto CEO disputes activist call to unify listing
5th December 2024 By: Bloomberg

A call for Rio Tinto to abandon its primary London listing doesn’t make economic sense, CEO Jakob Stausholm said after an activist shareholder urged the miner to relocate to Australia. UK hedge... 


BHP and HBIS deepen partnership to decarbonise steel
5th December 2024 By: Creamer Media Reporter

Mining giant BHP and Chinese steel group HBIS announced on Thursday the signing of a new memorandum of understanding (MoU) to strengthen their collaboration on reducing carbon emissions in the... 


A$30m raise caps successful year at  Larvotto’s Hillgrove antimony project
A$30m raise caps successful year at Larvotto’s Hillgrove antimony project
5th December 2024 By: Mariaan Webb

Australian exploration and development company Larvotto Resources on Thursday announced a A$30-million capital raise to continue advancing its Hillgrove antimony project. The capital raise, which... 


CV5 forms part of the Shaakichiuwaanaan property in the Eeyou Istchee James Bay region.
Patriot produces battery-grade lithium hydroxide from CV5 pegmatite
5th December 2024 By: Creamer Media Reporter

Dual-listed Patriot Battery Metals has successfully produced a marketable and on-specification battery-grade lithium hydroxide monohydrate sample from spodumene concentrate sourced from its CV5... 


Lepidico placed in administration after capital raise for Namibia project falls short
Lepidico placed in administration after capital raise for Namibia project falls short
5th December 2024 By: Mariaan Webb

Australia-listed lithium exploration company Lepidico has been placed in voluntary administration following unsuccessful attempts to secure financing for its Karibib lithium project in Namibia.... 


Mike Wainwright
Trafigura’s ex-COO defends ‘inspirational’ founder at Swiss bribe trial
5th December 2024 By: Bloomberg

Mike Wainwright, Trafigura Group’s ex-COO who’s on trial in Switzerland accused of corruption, has defended the trading house’s late founder Claude Dauphin as an “inspirational person.” Dauphin, a... 


American West moves to capitalise on indium resource in Utah
American West moves to capitalise on indium resource in Utah
5th December 2024 By: Mariaan Webb

American West Metals, an Australian mining company focused on clean energy and base metals, is advancing plans to unlock the value of its West Desert project in Utah, which hosts the largest known... 


Ascot restarts mine development at Premier Northern Lights
4th December 2024 By: Creamer Media Reporter

Toronto-listed Ascot Resources has begun mobilising personnel and equipment to advance the underground development of its Premier Northern Lights (PNL) mine in British Columbia. Following the... 


Employee working at a nickel smelter
$5.4tr investment in mining needed by 2035 to meet new energy demand – report
4th December 2024 By: Darren Parker

A new report published by the Future Minerals Forum states that an estimated $5.4-trillion in investments is required by 2035 to meet the growing demand for key materials in the mining and metals... 


Green light for 29Metals’ Gossan Valley project
4th December 2024 By: Creamer Media Reporter

The A$112-million Gossan Valley project at the Golden Grove mine, in Western Australia, has been approved, ASX-listed 29 Metals reported this week. The company on Tuesday published a feasibility... 


Eskom Group CEO Dan Marokane
Eskom outlines ‘aspirational’ generation vision in meeting with lawmakers
4th December 2024 By: Terence Creamer

Eskom Group CEO Dan Marokane has outlined an “aspirational” and largely unfunded new generation project pipeline to progressively replace its aged and polluting coal fleet. Having previously... 


Ramelius appoints COO, expands executive team
4th December 2024 By: Creamer Media Reporter

Perth-based Ramelius Resources has appointed a new COO following Duncan Coutts’s resignation last month. The gold miner also expanded its executive team from four to six and has named a new COO.... 


Dr Nombasa Tsengwa.
Exxaro places CEO on precautionary suspension with immediate effect
4th December 2024 By: Martin Creamer

Dr Nombasa Tsengwa, the CEO of Johannesburg Stock Exchange-listed Exxaro Resources, has been placed on precautionary suspension with immediate effect, pending the outcome of an independent... 


Menar awaits Competition approval for re-start of major ferromanganese facility
Resources Watch
4th December 2024

This week: Menar awaits Competition approval for re-start of major ferromanganese facility and, Long-term demand outlook for platinum is robust, ongoing question mark over supply  


Coal power station
High Court says State can’t order new coal plants
4th December 2024 By: Bloomberg

South Africa’s High Court upheld a legal challenge to the government’s plan to procure 1 500 megawatts of new coal-fired power, ruling that it was unlawful because of the potential impact on public... 


Workers' strike slows production at Canadian B2Gold's key Mali mine, sources say
Workers' strike slows production at Canadian B2Gold's key Mali mine, sources say
4th December 2024 By: Reuters

A workers' strike at B2Gold's flagship mine in southwest Mali has reduced mining operations to just 25% of its capacity, two employees at the mine told Reuters on Tuesday. Between 1 875 and 2 000... 


Outgoing Harmony Gold CEO Peter Steenkamp.
Green loan underpinning latest Harmony Gold renewable-energy project in North West
4th December 2024 By: Martin Creamer

A R1.5-billion green loan facility secured in 2022 is the significant funding underpin of three solar PV renewable-energy plants being constructed by Harmony Gold at its large Moab Khotsong gold... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto reinforces strategy for diversified growth, targets 1Mt/y of copper
4th December 2024 By: Mariaan Webb

Rio Tinto, one of the world’s largest mining companies, has reaffirmed its goal of producing one-million tonnes a year of copper by the end of the decade, as part of its strategy to become a global... 


France's Orano says it has lost control of uranium mine in Niger
4th December 2024 By: Reuters

French nuclear fuels company Orano said on Wednesday that authorities in Niger have taken control of its Somair uranium mine as the military-led government steps up pressure on foreign investors in... 


Outgoing Bushveld CEO Craig Coltman
Bushveld Minerals’ CEO, chairperson resign
4th December 2024 By: Darren Parker

Embattled Aim-listed vanadium producer Bushveld Minerals has announced that independent nonexecutive chairperson Michael Kirkwood and CEO Craig Coltman have resigned from the board with immediate... 


Rio Tinto unveils initial resources and reserves for Rincon
4th December 2024 By: Creamer Media Reporter

Diversified mining company Rio Tinto on Wednesday announced initial mineral resources and ore reserves for its Salar del Rincon lithium brine deposits in Argentina. The initial mineral resources... 


Karowe
Lucara sets 2025 sales guidance at up to 420 000 ct
4th December 2024 By: Darren Parker

Diamond producer Lucara Diamond Corp expects to sell between 400 000 ct and 420 000 ct in 2025 for a total diamond revenue of $195-million to $225-million. CEO William Lamb said in an operational... 


Activist investor Palliser urges Rio Tinto to scrap primary London listing
Activist investor Palliser urges Rio Tinto to scrap primary London listing
4th December 2024 By: Reuters

Activist investor Palliser Capital demanded Rio Tinto scrap its primary listing in London and unify its corporate structure in Australia, saying about $50-billion in shareholder value has already... 


An illegal gold mining operation in Ghana
The fight over Ghana’s illegal gold rush exposes election risks
4th December 2024 By: Bloomberg

There’s no escaping gold in Tarkwa. It’s in the forest. It’s under your feet as you walk the streets of Ghana’s biggest mining town. It’s the economy. Exposed holes in the ground bear witness to... 


Chile aims to invest $83bn in mining through 2033, newspaper says
4th December 2024 By: Reuters

Chile plans to invest about $83.18-billion from this year through 2033, state-run agency Cochilco said in a study cited in a newspaper report on Tuesday, an increase of 27% from last year's... 


First Mining’s Springpole advances to next review phase
First Mining’s Springpole advances to next review phase
4th December 2024 By: Mariaan Webb

Vancouver-based First Mining on Tuesday announced a milestone for the Springpole gold project, receiving a positive conformity determination from the Impact Assessment Agency of Canada (IAAC).... 


Mitsubishi loses $90m in suspected China metal fraud
4th December 2024 By: Bloomberg

Mitsubishi has suffered a loss of more than $90-million in China after uncovering suspected fraud by one of its copper traders, according to people familiar with the matter. The loss is the latest... 


Vale completes Voisey's Bay mine expansion
Vale completes Voisey's Bay mine expansion
4th December 2024 By: Creamer Media Reporter

Global metals company Vale has announced the successful completion of the Voisey’s Bay Mine Expansion (VBME) project in Canada. The expansion shifts the Voisey’s Bay operation from openpit to... 


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Menar awaits Competition approval for re-start of major ferromanganese facility
Resources Watch
4th December 2024

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pqt: 2.609s - ct: 2.662s - 384pq - 2rq
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