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R/€ = 17.7961 Change: 0.0000
R/$ = 17.0878 Change: 0.0742
Au 1754.60 $/oz Change: 0.00
Pt 984.00 $/oz Change: 0.00
 

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Denarius granted option to buy 80% of Spanish zinc/lead project

By: Creamer Media Reporter      23rd November 2022 Canada-based Denarius Metals has been granted a definitive option agreement to acquire, in two stages, up to 80% in Aim-listed Europa Metals’ Spanish subsidiary, which owns the Toral zinc/lead/silver project. Denarius executive chairperson and CEO Serafino Iacono says the company is pleased to... 

Chicago is coming for London’s metal trading after LME stumbles

By: Bloomberg     8th November 2022 As the London Metal Exchange (LME) wades through the fallout of this year’s nickel crisis, its American rival is gaining ground. Chicago-based CME Group Inc. has successful copper and precious-metals contracts but has never managed to challenge the LME’s dominance in other industrial metals. This... 

Countries set to bolster global methane pledge at climate summit

By: Bloomberg     8th November 2022 The European Union (EU) and US put methane on the map at COP26 in Glasgow — declaring the potent greenhouse gas a threat to Paris Agreement temperature goals and insisting emissions of it must be slashed 30% by 2030. In the year since, European countries and the US have successfully encouraged... 

Gold Fields says it won’t amend Yamana offer

By: Mariaan Webb     7th November 2022 South Africa-based Gold Fields said on Monday that it would not amend its offer for Canadian miner Yamana Gold, stating that its board continued to believe its offer was superior to that of Pan American Silver and Agnico Eagle Mines. The board had taken into account its commitment to capital... 

Gold Fields target Yamana receives ‘superior proposal’ from Pan American, Agnico Eagle 

By: Mariaan Webb     4th November 2022 Canadian miner Pan American Silver has tossed its hat into the ring to acquire fellow miner Yamana Gold, teaming up with Agnico Eagle Mines in an unsolicited proposal to buy the company that South Africa-based Gold Fields has its eye on. Pan American Silver and Agnico Eagle on Friday delivered a... 

Integration project creates more value for mine

By: Nadine Ramdass     4th November 2022 Digital automation and energy management specialist Schneider Electric has reached the final stage of its information technology (IT) and operational technology integration project in South Africa’s Northern Cape province, for a South African diversified miner. The project began in 2019 – in... 

Glencore Energy UK to pay $310m fine over bribery conduct

By: Marleny Arnoldi     3rd November 2022 Anglo-Swiss multinational Glencore’s subsidiary Glencore Energy UK has confirmed it will pay a financial penalty and costs of £281-million, or $310-million, in respect of five counts of bribery and two counts of failure to prevent bribery. The penalty was determined by Southwark Crown Court... 

BHP invests in Canadian copper explorer Brixton

By: Mariaan Webb     3rd November 2022 Canadian exploration junior Brixton Metals on Wednesday announced a nonbrokered private placement by diversified major BHP, with the goal of advancing the Thorn project, located in north-west British Columbia. “We are excited to welcome BHP, a leading global resource company, to the Brixton... 

BHP expects tight global markets to continue

By: Esmarie Iannucci     2nd November 2022 Diversified miner BHP expected the lag effect of inflationary pressures to remain a persistent challenge through the 2023 financial year. Speaking at the International Mining and Resources Conference (IMARC) in Sydney, BHP group procurement officer James Agar said that there was also no sign... 

R8.5tr net-zero transition can boost growth and jobs in South Africa 

By: Terence Creamer     1st November 2022 South Africa’s gross domestic product (GDP) could expand at a yearly average of about 2.3% between 2022 and 2050, or more than twice the rate achieved over the past decade, under a scenario where the country transitions towards net-zero carbon emissions, a new World Bank report states. The South... 

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