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South America

The Antas mine in Brazil
World’s biggest miner reviews newly acquired Brazilian assets
4th September 2023 By: Bloomberg

BHP Group is undertaking a strategic review of the Brazilian copper and gold assets it acquired with the takeover Oz Minerals, as the No. 1 miner pivots toward minerals key to the green-energy... 

African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
ARM declares final dividend in financial year of R6.6bn dividend payout
4th September 2023 By: Martin Creamer

Diversified mining company African Rainbow Minerals (ARM) has declared a R2.6-billion final dividend in a financial year of R6.6-billion worth of dividends being allocated to its shareholders. Net... 

Sable Exploration and Mining CEO James Allan.
Magnetite project under way in Bushveld Complex
1st September 2023 By: Martin Creamer

Ground works and civil works are reportedly progressing well for the installation of a dense medium separation (DMS) magnetite plant in South Africa’s Bushveld Complex. The plant is expected to be... 

People working at a mine site
It’s getting harder to find mining engineers a green world needs
1st September 2023 By: Bloomberg

Digging up the metals that go into power grids and electric cars is crucial to the energy transition. While the mining industry has plenty of reserves to tap, it faces a worrying shortage of young... 

Peru's Minsur to invest at least $2bn as it expands copper, tin operations
Peru's Minsur to invest at least $2bn as it expands copper, tin operations
1st September 2023 By: Reuters

Peruvian miner Minsur has announced an investment of at least $2-billion in five years as it expands its copper and tin operations, an executive told Reuters on Thursday. Minsur is set to invest... 

Cobalt is one of the critical minerals needed for the energy transition
Resource-rich countries facing a double transition
1st September 2023 By: Darren Parker

Resource-rich countries face a double transition – the transition in their energy supplies and the transition in their mining sectors, German Institute for International and Security Affairs senior... 

Global lead mine output reaches pre-Covid-19 levels, slow growth expected
1st September 2023 By: Darren Parker

Global lead mine output successfully rebounded to the pre-Covid-19 peak of 2019 in 2022, according to recent data published by research firm BMI, a Fitch Solutions company. The report, titled... 

Vale starts producing test loads of iron ore briquettes
31st August 2023 By: Reuters

Brazilian miner Vale has started test loads of its iron-ore briquette and is preparing to begin serving a backlog of customers, a top executive said, saying the new product should help steelmakers... 

Aura becomes Borborema sole owner, eyes 2025 production
31st August 2023 By: Mariaan Webb

Toronto-listed Aura Minerals has become the sole shareholder of Borborema Inc, the company that controls a namesake openpit gold project in Rio Grande do Norte, Brazil. Dundee Resources, a... 

Lithium players race for breakthrough to meet electric car demand
31st August 2023 By: Bloomberg

On the outskirts of El Dorado — heart of Arkansas’ 1920s oil boom — a company backed by Koch Industries is looking to dramatically speed up extraction of a battery metal essential to weaning the... 

Coal miners forced to save for a rainy day by insurance snub
Coal miners forced to save for a rainy day by insurance snub
31st August 2023 By: Reuters

Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge... 

China’s Zijin Mining slows M&A on valuations, geopolitical risks
China’s Zijin Mining slows M&A on valuations, geopolitical risks
30th August 2023 By: Bloomberg

Zijin Mining Group, a leading Chinese copper and gold miner, has slowed acquisitions due to high project valuations and geopolitical tensions. The number and scale of deals completed by the... 

Gold Fields interim CEO Martin Preece
Gold Fields commits to improving workplace culture as review uncovers ‘deeply concerning’ findings
30th August 2023 By: Chanel de Bruyn

The world’s seventh-largest gold miner by production, Gold Fields, says it is committed to eliminating inappropriate and harmful behaviour in the workplace after an independent review confirmed... 

The El Teniente copper mine
Codelco put under review by Moody's with debt piling up
30th August 2023 By: Bloomberg

Codelco is facing the possibility of a credit rating cut as slumping production, rising costs and project disruptions dim leverage metrics at the world’s biggest copper supplier. Moody’s Investors... 

Vale considers taking steel decarbonisation model to US, Brazil
30th August 2023 By: Bloomberg

Iron-ore giant Vale is considering developing industrial complexes in the US and Brazil as part of a push to produce greener steel, a spokesman said Tuesday. The world’s No. 2 producer of the... 

Harmony's Mponeng mine, in North West
Harmony swings to profit, declares a higher dividend
30th August 2023 By: Marleny Arnoldi

Gold miner Harmony Gold has posted a 46% increase in production profit to just under R14-billion, or $774-million, for the financial year ended June 30. The company swung from a net loss of... 

Image shows Woodside headquarters in Perth
Woodside gets Trion approval
30th August 2023 By: Esmarie Iannucci

The Mexican regulator, Comision Nacional de Hidrocarburos, has approved oil and gas major Woodside Energy’s field development plan for its Trion project. Woodside in June approved the $7.2-billion... 

Iron-ore remains resilient despite China's property woes
Iron-ore remains resilient despite China's property woes
29th August 2023 By: Bloomberg

The one commodity that should be getting hammered by China’s worsening property crisis is actually doing rather well. Iron ore climbed to its highest in a month last week after a rally that has... 

Codelco to cut jobs at head office
29th August 2023 By: Reuters

Chile State miner Codelco said in a statement on Monday it would make further cuts to its workforce, reducing its head office staff by 10%, or 40 jobs, as it looks to reduce costs amid dwindling... 

Why the EV industry is talking about ‘black mass’
28th August 2023 By: Bloomberg

The latest buzzword in battery materials sounds like a concept borrowed from astrophysics. But “black mass” is just a very literal description of the intermediate product from recycling either... 

Rough diamonds
Diamond producers adapting to rapidly changing landscape, says BDO
28th August 2023 By: Marleny Arnoldi

The diamond industry has faced multiple challenges leading to a notable shift in its landscape over the last few years, says personal liability company BDO South Africa. Natural resources partner... 

Hot Chili takes option on copper project near Costa Fuego
28th August 2023 By: Creamer Media Reporter

Copper development company Hot Chili has taken another step in its consolidation strategy for the Costa Fuego project, in Chile, with a binding letter of intent (LoI) for an option to acquire... 

Wind turbines and solar panels
China’s dominance a key factor in renewable energy subsidy wars
28th August 2023 By: Darren Parker

One of the primary catalysts for the prevalent global emergence of subsidies within the renewable energy sector stems from the dominance of China, research firm BMI Research operational risk... 

Lundin Mining will return to Vancouver, where much of the Lundin family lives.
Lundin Mining sees management exodus amid head office move
28th August 2023 By: Bloomberg

Lundin Mining is facing a wave of leadership departures as the Toronto-based miner navigates a return to its Vancouver roots. Three senior vice presidents on the executive leadership team are... 

Chile launches probe into deadly mining accidents at Anglo American, Minera ACF
28th August 2023 By: Reuters

Chile's government has sent officials to investigate accidents at two mines in the South American country's metropolitan and Tarapaca regions that killed three workers, it said on Sunday. Newly... 

Image shows molten copper
First Quantum joins Rio in copper JV
28th August 2023 By: Esmarie Iannucci

Diversified miner Rio Tinto has formed a joint venture (JV) with fellow major First Quantum over the development of the La Granja copper project, in Peru. Following the completion of conditions... 

Northam CEO Paul Dunne.
Northam pays R2.4bn dividend, highlights business risk ahead
25th August 2023 By: Martin Creamer

The current platinum group metals (PGMs) basket price puts 70% of the South African production base at a loss when taking into account replacement capital requirements on top of the working costs.... 

Codelco's new CEO Alvarado tasked with finding fixes for copper slide
25th August 2023 By: Reuters

Chilean state mining giant Codelco's incoming chief executive Ruben Alvarado has a mammoth task ahead of him: boosting copper output from its lowest level in 25 years, reining in ballooning costs,... 

BMI expects thermal coal price to trend lower for 2023
25th August 2023 By: Marleny Arnoldi

Research firm BMI has revised downward its Newcastle thermal coal price forecast for the year to $180/t, from $220/t previously, owing to global demand for coal having weakened. After averaging... 

Deep-South seeks to raise C$2m
25th August 2023 By: Marleny Arnoldi

TSX-V-listed Deep-South Resources has announced a private placement of 30-million units at a price of C$0.065 apiece, for gross proceeds of up to C$2-million. Each unit will be comprised of one... 

Economy Minister Nicolas Grau
Chile 'close' to identifying new areas to unlock lithium riches
25th August 2023 By: Bloomberg

The Chilean government is “close” to specifying what salt flats will be protected under its new national lithium strategy, and which will be available for exploitation, Economy Minister Nicolas... 

The CDS mine operated at an AISC of $3 031/oz in the first half of 2023.
AngloGold idles lossmaking Brazil mine, appoints new COO
25th August 2023 By: Mariaan Webb

Bullion miner AngloGold Ashanti has placed the Córrego do Sítio (CDS) mine, in Brazil, on care-and-maintenance, following a sustained period of poor production and costs that are well above the... 

Aton advances closer to mining licence in Egypt
24th August 2023 By: Marleny Arnoldi

TSX-V-listed Aton has lodged a submission to the Egyptian Mineral Resources Authority detailing and defining commercial discoveries at its Hamama West and Rodruin projects, as part of the Abu... 

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Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

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SBS Tanks
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