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South America

Third mine disaster in a decade tests ESG boundaries in Brazil
30th January 2024 By: Bloomberg

Investors were swift to dump debt of Braskem after the Brazilian petrochemicals maker’s salt mine partially collapsed in December — a situation that has forced tens of thousands to evacuate the... 


Codelco pays heavy price for ramping up debt burden to fund over-budget projects
Codelco pays heavy price for ramping up debt burden to fund over-budget projects
30th January 2024 By: Bloomberg

Codelco is paying a heavy price for increasing its already heavy debt load to finance late and over-budget projects that are needed to maintain its status as the world’s biggest copper supplier.... 


Vale's 2023 iron-ore output tops guidance, but sales fall
Vale's 2023 iron-ore output tops guidance, but sales fall
30th January 2024 By: Reuters

Vale's iron-ore production grew 4.3% in 2023, topping the Brazilian miner's estimate for the year, while shipments of the commodity fell slightly, the company said on Monday. The firm produced... 


World's biggest jeweller Pandora stops using mined silver and gold
World's biggest jeweller Pandora stops using mined silver and gold
29th January 2024 By: Reuters

Pandora, the world's largest jeweller by amount of products sold, has stopped using mined silver and gold and now only manufactures with recycled precious metals, which require less energy to... 


Aerial view of Richards Bay Coal Terminal.
Decline in coal line security incidents is improving performance – Transnet
29th January 2024 By: Martin Creamer

Security incidents that disrupt trains transporting coal to South Africa’s Richards Bay Coal Terminal (RBCT) for export to the world are in definite decline and that has certainly helped to improve... 


South Star upsizes private placement
29th January 2024 By: Creamer Media Reporter

Battery metals project developer South Star has increased the size of its previously announced nonbrokered private placement and will now raise gross proceeds of C$7-million. The upsized placement... 


Codelco names Braim Chiple as chief commercial officer
29th January 2024 By: Reuters

Chile's State-run Codelco, the world's largest copper producer, named Braim Chiple as its new chief commercial officer, the company said on Friday. Starting on March 15, Chiple, who comes from the... 


Bolivia launches new international tender for lithium extraction
Bolivia launches new international tender for lithium extraction
29th January 2024 By: Reuters

Bolivia's government has launched a new international tender for companies to extract lithium from the country's salt flats, the energy minister said on Friday. The tender, from state-owned... 


Sigma Lithium's chief controls officer exits company in latest shake-up
29th January 2024 By: Reuters

Sigma Lithium's chief controls officer (CCO) Raphael Dias has left the company, he told Reuters on Friday, in the latest management shakeup at the Vancouver-based miner. Dias was announced as CCO... 


Brazilian President Luiz Inacio Lula da Silva
Brazil's mining chief says Lula never tried to weigh in on Vale succession
29th January 2024 By: Reuters

Brazilian President Luiz Inacio Lula da Silva has not sought to influence who will be chief executive of major mining company Vale, a senior official said on Friday, after recent reports suggesting... 


GEM and Anglo teams at signing ceremony.
Anglo launches battery raw materials research project with large China recycler
26th January 2024 By: Martin Creamer

South Africa-founded and Johannesburg- and London-listed Anglo American on Friday announced the launch of a research and development project in collaboration with one of China’s largest battery and... 


Bento Rodigues district was covered in mud after Samarco dam burst in Mariana IN 2015.
BHP to review court decision on $31.5bn Fundao dam claim
26th January 2024 By: Reuters

BHP Group said on Friday it would review a Brazilian Federal Court decision regarding a 155-billion reais ($31.53-billion) government claim over the 2015 collapse of Fundao dam owned by Samarco,... 


Adventus acquires outstanding Luminex shares
26th January 2024 By: Tasneem Bulbulia

Ecuador-focused copper/gold exploration and development company Adventus Mining has acquired all of the issued and outstanding common shares of Canada-based precious and base metals exploration and... 


Brazil orders Vale, BHP and Samarco to pay $9.7bn in damages for dam disaster
Brazil orders Vale, BHP and Samarco to pay $9.7bn in damages for dam disaster
26th January 2024 By: Reuters

A Brazilian federal judge ruled that miners Vale and BHP and their joint venture Samarco must pay 47.6-billion reais ($9.67-billion) in damages for a 2015 tailings dam burst, according to a legal... 


From top left clockwise, RBCT CEO Alan Waller, RBCT chairperson Nosipho Damasane, Acting Transnet CEO Michelle Phillips and Acting Transnet Freight Rail CE Russell Baatjies.
New public-private rail corridor agreement already boding well – RBCT
25th January 2024 By: Martin Creamer

The three-month-old mutual cooperation agreement that the private-sector-owned Richards Bay Coal Terminal (RBCT) signed with State rail enterprise Transnet in November is already boding well, RBCT... 


Iron-ore being loaded onto a ship
Red sea attacks push BHP to divert some shipping via African coast
25th January 2024 By: Reuters

Australian mining giant BHP Group said on Thursday that the Red Sea disruptions are forcing some of its freight service providers to take alternative routes, such as Africa's Cape of Good Hope,... 


Tin shackled by surplus, but green industry demand poised to mop up supplies
24th January 2024 By: Reuters

The potential for a build-up of tin supplies this year is likely to put pressure on prices, but accelerating demand from the energy transition sector, including solar panels and electric vehicles,... 


Push for smaller mining firms to follow suit on tailings safety standards
Push for smaller mining firms to follow suit on tailings safety standards
24th January 2024 By: Mariaan Webb

As the mining industry commemorates the fifth anniversary of the Brumadinho tailings disaster, in Brazil, the Church of England Pensions Board has highlighted the significant progress in the... 


Fresnillo achieves FY guidance
Fresnillo achieves FY guidance
24th January 2024 By: Creamer Media Reporter

Mexican precious metals miner Fresnillo has achieved its full-year guidance of 105.1-million silver-equivalent ounces, with the company overcoming “many operational challenges”, reports CEO Octavio... 


VR8 MD and CEO John Ciganek.
Vanadium junior has expansive plans for long-life operation, mulling JSE listing
24th January 2024 By: Martin Creamer

Keep an eye on Vanadium Resources (VR8). It’s a motivated ASX-listed, JSE-mulling junior that is thinking expansively in line with the potentially very long-life mine that it is setting out to... 


Codelco places $2bn in bonds as miner aims to boost copper output
24th January 2024 By: Reuters

Chile's Codelco, the world's largest copper producer, placed $2 billion in unsecured dollar-denominated debt maturing in 12 and 29 years on Tuesday, the miner said in a statement confirming an... 


An image depicting AECI Group CEO Holger Riemensperger
AECI outlines new strategy as it celebrates its centenary
23rd January 2024 By: Sabrina Jardim

JSE-listed AECI celebrates its centenary this year, with Group CEO Holger Riemensperger attributing the company’s success to its solution-focussed value proposition and dedication from its... 


Errol Smart
Northern Cape copper revival receives yet another promising forward nudge
23rd January 2024 By: Martin Creamer

South Africa’s prospective Northern Cape province on Tuesday received yet another promising forward nudge along the road to copper-revival in the form of development obstacles being moved out of... 


Nickel prices keep slumping even as mines close
Nickel prices keep slumping even as mines close
23rd January 2024 By: Bloomberg

Nickel continued its slump, heading toward the lowest level in more than three years, even as the collapse in prices for the metal force mines to shutter. The metal used in stainless steel and... 


Codelco wins shareholder approval to secure first lithium asset
Codelco wins shareholder approval to secure first lithium asset
23rd January 2024 By: Bloomberg

Codelco, the world’s biggest copper producer, won approval to buy Lithium Power International after shareholders of the Australian junior voted in favor of a takeover that diversifies the Chilean... 


First Quantum shareholder SailingStone told miner about 'missed opportunities'
First Quantum shareholder SailingStone told miner about 'missed opportunities'
23rd January 2024 By: Reuters

SailingStone Capital Partners, a shareholder in First Quantum Minerals, said on Monday it had told the Canadian miner about historic "missed opportunities" in the management of its balance sheet... 


Supply risks fuel uranium's flight to more than 16-year peak
22nd January 2024 By: Reuters

Uranium prices have hit their highest in more than 16 years on a buying frenzy triggered after the world's largest miner of the nuclear fuel highlighted production risks, but the price surge is... 


Nickel price crash seen strengthening Indonesia's grip on supply
Nickel price crash seen strengthening Indonesia's grip on supply
22nd January 2024 By: Bloomberg

A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply. The metal used in... 


South32 CEO Graham Kerr
Strong showing by South Africa’s Hillside helps to lift South32 to record aluminium output
22nd January 2024 By: Martin Creamer

Ongoing strong performance by South Africa’s Hillside Aluminium operation in KwaZulu-Natal has helped diversified mining company South32 achieve record half-year aluminium production. Moreover,... 


Barrick president and CE Mark Bristow
Barrick hands over Kahama terminal to Tanzanian govt, revives two mines
22nd January 2024 By: Marleny Arnoldi

International gold miner Barrick Gold Corporation has concluded an eight-month partnership with the Tanzania Airport Authority (TAA) by handing over a new airport terminal built at the closed... 


Lula pushes ally for Vale CEO as Brazil’s iron-ore miner weighs succession
Lula pushes ally for Vale CEO as Brazil’s iron-ore miner weighs succession
22nd January 2024 By: Bloomberg

Political lobbying as much as boardroom maneuvering could determine who wins the race to become the next boss of Vale, the world’s No. 2 iron-ore producer. Brazilian President Luiz Inacio Lula da... 


The Illawarra metallurgical coal mine in Australia
South32 coal production falls sharply
22nd January 2024 By: Mariaan Webb

Diversified mining company South32 on Monday reported a sharp drop in coal production, with metallurgical coal output slumping by 50% in the December quarter. The Illawarra mine, in Australia,... 


First Quantum Minerals exploring rights issue to ease debt - sources
22nd January 2024 By: Reuters

Canadian miner First Quantum Minerals is exploring a rights issue as it seeks to strengthen its balance sheet, following the closure of a key mine in Panama last month that accounted for about 40%... 


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VEGA Controls SA (Pty) Ltd
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