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Wind farm at Anglo's Quellaveco copper mine in Peru.
Anglo advancing copper, iron-ore, crop nutrients investment proposition
24th October 2024 By: Martin Creamer

Diversified mining company Anglo American said on Thursday that it is making “excellent” portfolio simplification progress to create an investment proposition focused on copper, premium iron-ore... 


Strong start to FY25 for Northern Star
Strong start to FY25 for Northern Star
24th October 2024 By: Mariaan Webb

Australian gold miner Northern Star delivered strong operational results across all three its production centres, MD Stuart Tonkin reported on Thursday. During the first quarter of the 2025... 


Montage secures $825m for new West Africa gold mine
Montage secures $825m for new West Africa gold mine
24th October 2024 By: Mariaan Webb

Vancouver-based Montage Gold has announced a financing package totalling $825-million to fund the construction of its flagship Koné project in Côte d'Ivoire.  The financing involves Wheaton... 


The cover of the IRMA CoC Standard document
IRMA releases chain of custody standard for responsibly mined materials
24th October 2024 By: Creamer Media Reporter

The Initiative for Responsible Mining Assurance (IRMA) has released its new Chain of Custody (CoC) Standard, which sets requirements for tracking material produced from mining operations audited... 


Osisko Development announces $50m offering
24th October 2024 By: Creamer Media Reporter

NYSE- and TSX-V-listed Osisko Development has announced a new offering aimed at raising $50-million. The company has entered into an agreement with lead agents to facilitate the sale of up to... 


Kal Tire VP Southern Africa John Martin
ESG targets are prioritising the need for mining tyre circularity
24th October 2024 By: Martin Creamer

Stockpiles of mining tyres are beginning to weigh heavily on the environmental, social and governance (ESG) targets of mining companies. Large tyre accumulations visible at some mining operations... 


First Quantum CEO Tristan Pascall
First Quantum in talks with potential partners for Zambian assets
24th October 2024 By: Reuters

First Quantum Minerals is in talks with potential partners for its Zambian assets, the Canadian miner said on Wednesday, without disclosing names of the firms. Last week, Reuters reported that... 


Grupo Mexico works to kick out illegal miners at Los Chancas project in Peru
24th October 2024 By: Reuters

Mining and transport conglomerate Grupo Mexico is working with authorities to wipe illegal mining at its Los Chancas project in Peru, the mining division's finance chief told analysts in a call on... 


Newmont CEO Tom Palmer
Newmont's Q3 profit jumps on back of higher gold prices, production
24th October 2024 By: Mariaan Webb

Global gold and copper miner Newmont posted a sharp rise in net earnings for the third quarter on the back of higher output and surging bullion prices. The Denver-based company’s net income was... 


Sibanye-Stillwater's Century zinc mine in Australia
Zinc market tightens as mine supply disruptions rattle buyers
24th October 2024 By: Bloomberg

Spot zinc prices have shot above later-dated futures on the London Metal Exchange, signaling a tight market as large buyers scoop up inventories and pile into futures at a time when a string of... 


The Venetia underground mine
De Beers assessing options to lower production amid high midstream inventory levels
24th October 2024 By: Chanel de Bruyn

Diamond miner De Beers maintains its full-year production guidance at between 23-million and 26-million carats, but says it is actively assessing options with its partners to reduce production... 


Quebrada Blanca
Teck Resources Q3 profit beats estimates on higher copper production
24th October 2024 By: Reuters

Canadian miner Teck Resources beat third-quarter profit estimates on Thursday, helped by higher production of copper at its Quebrada Blanca (QB) mine. The company reported an adjusted profit of... 


Harmony Gold's Kareerand tailings operation.
Harmony delivers gold recovery project with 30% of building work going to locals
23rd October 2024 By: Martin Creamer

With the streaming agreement between Franco-Nevada and Mine Waste Solutions (MWS) over, Harmony Gold will from now on benefit fully from the soaring gold price that is coinciding with the delivery... 


Fresnillo confidently approaches final quarter amid steady production
Fresnillo confidently approaches final quarter amid steady production
23rd October 2024 By: Mariaan Webb

Fresnillo, the world’s biggest primary silver producer, is entering the final quarter with confidence, maintaining its full-year production guidance set earlier this year. The London-listed miner,... 


Freeport asks Indonesia for copper export extension due to fire
Freeport asks Indonesia for copper export extension due to fire
23rd October 2024 By: Bloomberg

Freeport-McMoRan is in talks with the Indonesian government to extend its licenses to export copper concentrate because a fire has disrupted the company’s smelter operations in the Southeast Asian... 


IsoEnergy and Purepoint form Athabasca Basin exploration JV
23rd October 2024 By: Creamer Media Reporter

Toronto-listed IsoEnergy has announced the formation of a joint venture (JV) with TSX-V-listed Purepoint Uranium to explore in the Athabasca basin of Saskatchewan. Both companies will contribute... 


First Quantum names Jiangxi’s Xia to board after standstill deal
23rd October 2024 By: Bloomberg

First Quantum Minerals appointed Jiangxi Copper Co’s Hanjun Xia to its board of directors after reaching a standstill agreement with its second-largest shareholder earlier this year. The Canadian... 


Dam disaster deal should curb lawsuits against Vale and BHP, sources say
Dam disaster deal should curb lawsuits against Vale and BHP, sources say
23rd October 2024 By: Reuters

An agreement by Vale, BHP and their joint venture Samarco to pay 170-billion reais ($29.85-billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits... 


Freeport's Grasberg mine
Freeport-McMoRan sees data centers boosting copper demand, beats Q3 results estimates
23rd October 2024 By: Reuters

Freeport-McMoRan said on Tuesday that demand for copper is expected to increase with more data centers being built, and the miner reported a better-than-expected quarterly profit as higher prices... 


Elliott sees more upside at Suncor, almost doubles stake to nearly $3bn
Elliott sees more upside at Suncor, almost doubles stake to nearly $3bn
23rd October 2024 By: Reuters

Two years after first pressing for changes at Canada's Suncor Energy, Elliott Investment Management is so convinced that ongoing improvements will yield a higher share price that it has nearly... 


US Secretary of Energy Jennifer Granholm
US allocates $430m for clean energy revival in former coal communities
22nd October 2024 By: Mariaan Webb

The US Department of Energy (DoE) on Tuesday announced an investment of $428-million in grants aimed at supporting clean energy manufacturing across 15 coal-affected communities. The initiative... 


Former Gullick South Africa Technical Manager Terry Hamilton (right) interviewed by Mining Weekly's Martin Creamer.
Water power is there for the taking in many underground mines
22nd October 2024 By: Martin Creamer

Water power is there for the taking across a broad spectrum of many of South Africa’s hard-rock underground mines. At a time of high electricity prices, the availability of cooling reservoirs at... 


An image of the K.Hill Battery-Grade manganese project
Commissioning on K.Hill demo plant starts – Giyani
22nd October 2024 By: Tasneem Bulbulia

TSX-listed Giyani Metals, which is developing the K.Hill Battery-Grade manganese project, in Botswana, says the demo plant being manufactured in Johannesburg, South Africa, is now in the... 


Freeport-McMoRan's third-quarter profit beats on higher copper prices
Freeport-McMoRan's third-quarter profit beats on higher copper prices
22nd October 2024 By: Reuters

Miner Freeport-McMoRan reported a third-quarter profit on Tuesday that beat analysts' estimates, helped by higher copper prices. Average copper prices rose in the third quarter on signs of better... 


Iron-ore retreats as mounting concerns on weakening steel demand weigh
Iron-ore retreats as mounting concerns on weakening steel demand weigh
22nd October 2024 By: Reuters

Prices of iron-ore futures fell on Tuesday, weighed down by concerns that demand for the key steelmaking raw material will slide, with steel demand in top consumer China showing signs of... 


Northern accelerates LDI mill maintenance to boost output
Northern accelerates LDI mill maintenance to boost output
22nd October 2024 By: Creamer Media Reporter

Graphite flake producer Northern Graphite has brought forward mill maintenance and repairs at its Lac des Iles (LDI) operation, in Quebec, to accelerate throughput expansions in the face of rising... 


Florence copper project 40% complete, reports Taseko Mines
Florence copper project 40% complete, reports Taseko Mines
22nd October 2024 By: Mariaan Webb

The Florence copper project is advancing on schedule and is now about 40% complete, keeping on track for first production in about a year’s time. In an update on Monday, CEO Stuart McDonald said... 


Rio2 secures $150m for new Chile gold mine construction
Rio2 secures $150m for new Chile gold mine construction
22nd October 2024 By: Mariaan Webb

Canada-headquartered Rio2 is set to advance the development of Chile’s next gold mine with a secured $150-million construction financing package. The financing includes $120-million from Wheaton... 


Citi stays bullish on gold, hikes price 3-month outlook to $2 800/oz
Citi stays bullish on gold, hikes price 3-month outlook to $2 800/oz
22nd October 2024 By: Reuters

Citi Research raised its three-month forecast for gold prices, citing possible further US labour market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying, it... 


Pan African’s latest R2.5-billion Mogale gold tailing retreatment operation on the West Rand.
Pan African lists new instrument under JSE’s sustainability segment
21st October 2024 By: Martin Creamer

Gold producer Pan African Resources on Monday announced the listing of a sustainability-linked instrument under the sustainability segment of the JSE. Following an oversubscribed bookbuild, Pan... 


Calibre’s Valentine project’s costs rise, FY guidance downgraded
Calibre’s Valentine project’s costs rise, FY guidance downgraded
21st October 2024 By: Mariaan Webb

Construction of the multi-million-ounce Valentine gold mine, in Newfoundland and Labrador, is progressing well, reaching nearly 81% completion by the end of last month, TSX-listed Calibre Mining... 


Steel products stored in a warehouse
China’s steel demand has shrunk to less than half global total
21st October 2024 By: Bloomberg

China will account for less than half of global steel consumption in 2024 for the first time in six years, according to the World Steel Association, as the decline in the country’s real estate... 


West Red Lake upsizes placement
21st October 2024 By: Creamer Media Reporter

Canadian gold company West Red Lake on Friday announced it would increase the size of its previously announced bought-deal financing from C$20-million to C$25-million. The TSX-V-listed firm would... 


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