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Sibanye-Stillwater CEO Neal Froneman
Sibanye reports 55.1% increase in lithium carbonate equivalent resources
26th February 2024 By: Darren Parker

JSE- and NYSE-listed Sibanye-Stillwater has reported a 55.1% increase in attributable lithium mineral resources as at the end of last year, along with a general expansion and diversification of its... 


Hudbay guides higher copper, lower gold output for 2024
26th February 2024 By: Creamer Media Reporter

Canadian mining company Hudbay Minerals has had a strong end to 2023, with higher copper production, record gold production and record financial performance in the final quarter. This strong... 


Western Copper appoints new CEO
26th February 2024 By: Creamer Media Reporter

Western Copper and Gold, which is developing the Casino project in the Yukon Territory, has appointed Sandeep Singh as CEO with immediate effect. Singh will work closely with Paul West-Sells, who... 


Montage upsizes financing, makes leadership changes
26th February 2024 By: Mariaan Webb

Canadian precious metals explorer and developer Montage Gold on Friday announced an upsized private placement financing of C$35-million. The company, which is listed on the TSX-V, increased its... 


AngloGold Ashanti CEO Alberto Calderon
AngloGold moves forward with studies for Nevada starter project
26th February 2024 By: Mariaan Webb

The board of multinational miner AngloGold Ashanti has given the green light for the North Bullfrog project’s feasibility study to progress into detailed engineering. This represents a crucial... 


Christo Wiese
South African billionaire Wiese returns to his diamond-hunting roots
26th February 2024 By: Bloomberg

Christo Wiese, South Africa’s-billionaire retail king, is going back to the future. The 82-year-old serial investor, who steered the expansion of both Africa’s biggest clothing retailer and the... 


AngloGold Ashanti CEO Alberto Calderon
AngloGold reports dip in full-year profit, but strong free cash flow generation and production
23rd February 2024 By: Marleny Arnoldi

Diversified miner AngloGold Ashanti has reported a strong performance in the 2023 financial year, having achieved production guidance at 2.6-million ounces and $109-million of free cash flow. The... 


Xtract's Kalenga copper project, in Zambia
Xtract concludes Manica disposal
23rd February 2024 By: Marleny Arnoldi

Aim-listed Xtract Resources has concluded the disposal of its entire interest in the Manica gold project, in Mozambique. The company in January agreed terms for the disposal of its 23% net profit... 


Perseus expresses interest in Newmont’s Ghana mine sale
Perseus expresses interest in Newmont’s Ghana mine sale
23rd February 2024 By: Mariaan Webb

Australian miner Perseus Mining will be interested in acquiring the Akyem mine, in Ghana, chairperson and CEO Jeff Quartermaine said on Friday. This follows Newmont’s announcement on Thursday of... 


Perseus chairperson and CEO Jeff Quartermaine
Perseus posts 21% increase in interim profit
23rd February 2024 By: Marleny Arnoldi

ASX- and TSX-listed Perseus Mining has posted an 18% year-on-year improvement in earnings before interest, taxes, depreciation and amortisation to $280-million, as well as a 21% increase in profit... 


Eldorado lifts capex estimate for Greece mining project
Eldorado lifts capex estimate for Greece mining project
23rd February 2024 By: Mariaan Webb

Canada-based Eldorado Gold has increased the capital expenditure (capex) estimate of the Skouries project, in Greece, to $920-million, but between the project finance facility and balance sheet,... 


Man in hard hat assessing Enduron high-pressure grinding rolls
Smarter mining key amid current market conditions
23rd February 2024 By: Tracy Hancock

Despite the boon of improved uranium demand, overall, depressed commodity prices and costly operating conditions are emphasising the need for Namibian mining companies to ensure that they mine a... 


Two hands holding raw coal
Coal mining to move to more sustainable practices
23rd February 2024 By: Halima Frost

The ongoing shift from traditional coal mining to sustainably mined coal in 2024 and beyond will “witness remarkable advancements” in new coal mining methods, driven by innovative technologies and... 


Mining consultancy SRK Consulting MD Andrew van Zyl
Continued exploration, mine development in 2024
23rd February 2024

With Africa’s substantial and varied mineral endowment being undisputed, the year ahead will likely see ongoing progress in exploration and mine development, in both traditional metals and the... 


CURRENCY CRUNCH: Zimbabwe may back its currency with gold to end exchange-rate instability, Finance Minister Mthuli Ncube announced earlier this month. “In order to manage growth of liquidity, we may link the exchange rate to a hard asset such as gold,” Ncube said in an online press briefing a week after President Emmerson Mnangagwa signalled that a revamp of the world’s worst-performing currency was under consideration. At the time of the announcement, the Zimbabwe dollar had slumped almost 50% against the US dollar this year after plunging 90% in 2023.
CURRENCY CRUNCH
23rd February 2024

Zimbabwe may back its currency with gold to end exchange-rate instability, Finance Minister Mthuli Ncube announced earlier this month. “In order to manage growth of liquidity, we may link the... 


Image of Chile map/flag
Centinela second concentrator project, Chile
23rd February 2024 By: Sheila Barradas

Antofagasta and Marubeni Corporation have reported that the project will have a 36-year mine life, based on Centinela’s substantial ore reserve of two-billion tonnes. 


IMAGE OF FWGR HEADGEAR
Far West Gold Recoveries operation, South Africa – update
23rd February 2024 By: Sheila Barradas

Far West Gold Recoveries hit full stride in the six months to December 31, 2023. 


Image of La Coipa deposit
La Coipa restart project, Chile – update
23rd February 2024 By: Sheila Barradas

The project achieved production in the quarter ended December 31, 2023. 


Image of gold nuggets
Sleeping Giant gold project, Canada – update
23rd February 2024 By: Sheila Barradas

Abcourt Mines has started processing gold at its Sleeping Giant mill. 


Imag of a drill at the TGMW mine
TGME underground project, South Africa – update
23rd February 2024 By: Sheila Barradas

Theta Gold Mines has selected a subsidiary of Power Construction Corporation, of China, for the construction of its TGME gold plant, tailings storage facility and wastewater dams. 


Newmont will sell the Telfer mine, in Australia
Newmont puts six mines, two projects on the block
22nd February 2024 By: Mariaan Webb

Gold mining major Newmont will put up for sale six mines and two projects, optimising its portfolio to focus on ten tier-one assets that will produce 6.7-million gold ounces by 2028. The six mines... 


Sylvania reports positive results despite lower PGM prices
22nd February 2024 By: Sabrina Jardim

Platinum group metals (PGMs) producer and developer Sylvania Platinum says its revenue and net profit for the 2023 financial year remained respectable, despite the impact of a significantly lower... 


Gold Fields' Damang mine, in Ghana
Gold Fields posts higher full-year earnings, maintains dividend at R7.45
22nd February 2024 By: Marleny Arnoldi

JSE- and NYSE-listed Gold Fields has declared a total dividend of R7.45 a share for the year ended December 31, with $703-million in attributable profit having been generated. The attributable... 


Equinox targets one-third production jump this year
22nd February 2024 By: Creamer Media Reporter

Canada-based gold miner Equinox Gold has finished 2023 strongly, not only achieving its gold guidance, but also setting out plans for a big step up in output this year. Equinox, which has seven... 


Harmony's Moab Khotsong mine
Harmony's shares rise on higher earnings outlook
22nd February 2024 By: Creamer Media Reporter

JSE-listed Harmony Gold's share price rose by more than 5% on February 22 after the company reported that its earnings per share (EPS) for the six months ended December 31, 2023, were likely to... 


Minerals Council CEO Mzila Mthenjane
Fiscal discipline in Budget, but 5% infrastructure expenditure increase ‘barely positive’ – Minerals Council
22nd February 2024 By: Schalk Burger

Finance Minister Enoch Godongwana maintained focus on fiscal discipline and balancing the need to address socioeconomic challenges facing the country, industry organisation Minerals Council South... 


Record dividend for Northern Star as growth strategy delivers cash earnings boost
Record dividend for Northern Star as growth strategy delivers cash earnings boost
22nd February 2024 By: Mariaan Webb

Australian gold miner Northern Star on Thursday declared a record interim dividend of 15c a share, complementing its A$300-million share buyback programme that remains open. Driven by higher gold... 


Hot Chili executes option to acquire Chile project
21st February 2024 By: Creamer Media Reporter

ASX- and TSX-V-listed Hot Chili has executed an option agreement with ASX-listed Bastion Minerals for the right to acquire the Cometa project in Chile. The project is near Hot Chili’s Costa Fuego... 


Finance Minister Enoch Godongwana
Godongwana draws down R150bn from gold and forex account to reduce borrowings and debt-service costs
21st February 2024 By: Terence Creamer

Finance Minister Enoch Godongwana unveiled a far-reaching reform in relation to government’s treatment of the Gold and Foreign Exchange Contingency Reserve Account (GFECRA), which will result in... 


An image of Perseus CEO and chairperson Jeff Quartermaine
Perseus enters into co-investment cooperation agreement with Saudi company
21st February 2024 By: Tasneem Bulbulia

ASX- and TSX-listed Perseus Mining has entered into a cooperation agreement with Ajlan & Bros Mining & Metals Company (ABM), the mining division of Saudi Arabia-based investment conglomerate... 


Sibanye CEO Neal Froneman
Sibanye incurs $2.58bn in impairments on lower metals prices
21st February 2024 By: Tasneem Bulbulia

Multinational mining and metals processing group Sibanye-Stillwater has incurred impairments of $2.58-billion, or about R47.45-billion, for the 2023 financial year, on the back of the deterioration... 


An image of West Wits chairperson Michael Quinert
South Africa’s IDC begins due diligence work for Qala Shallows project funding
21st February 2024 By: Tasneem Bulbulia

South African development finance institution the Industrial Development Corporation (IDC) has begun work to complete its due diligence investigation as part of its proposed R300-million (about... 


Copper, gold to get 'largest immediate' boost from Fed easing, Goldman says
21st February 2024 By: Reuters

Copper and gold are expected to see the largest immediate price boost in the commodities sector from potential US Federal Reserve interest rate cuts, analysts at Goldman Sachs said. "The immediate... 


Abcourt restarts Sleeping Giant mill
21st February 2024 By: Creamer Media Reporter

Toronto-listed Abcourt Mines on February 13 started processing gold at its Sleeping Giant mill,near Amos, Quebec. The mill operated at 20 t/h during this first week. On Monday, the mill began to... 


The water treatment plant at the Premier gold mine, in British Columbia.
Early commissioning under way at Ascot’s Premier gold mine
21st February 2024 By: Mariaan Webb

Construction of the Premier gold project, in the prolific Golden Triangle of north-western British Columbia, is nearing completion and early commissioning is now under way. First ore delivery to... 


Incoming Aveng CEO Scott Cummins
No immediate plan to list Aveng in Australia, but future listing likely amid change in reporting currency to Aussie dollar
20th February 2024 By: Terence Creamer

JSE-listed Aveng, which recently relocated is management epicentre to Australia and changed its reporting currency from South African rands to Australian dollars, has no immediate intention of... 


DRDGOLD’s business model is ESG in action
DRDGOLD’s business model is ESG in action
20th February 2024 By: Tracy Hancock

Considering that environmental, social and governance (ESG) aspects have become increasingly important over the years, especially in the mining industry, gold producer DRDGOLD emphasises that its... 


The Twin Hill project area in Namibia
Osino ditches Dundee for superior proposal from foreign suitor
20th February 2024 By: Mariaan Webb

Canada-based Osino Resources is walking away from a takeover by gold miner Dundee Precious Metals (DPM) and has instead opted to accept an offer from a foreign-based mining company. The... 


A conveyor onto conveyor transfer chute installed at a local steel plant
Strong local,global demand for engineered Weba Chutes
20th February 2024

It has been another good year for transfer chute specialist Weba Chute Systems, and signs are that it will get even better. While demand from the mining industry can be volatile, the company has... 


Metals Acquisition dual lists on ASX following A$325m IPO
Metals Acquisition dual lists on ASX following A$325m IPO
20th February 2024 By: Creamer Media Reporter

Copper miner Metals Acquisition Limited (MAC) on Tuesday started trading on the ASX, following completion of its oversubscribed initial public offering (IPO) in Australia. MAC raised A$325-million... 


Northam’s interim earnings impacted by commodity price decrease
19th February 2024 By: Sabrina Jardim

With the decrease in commodity prices, earnings across the platinum group metals (PGMs) sector are under pressure. This will, consequently, constrain cash generation across the sector, resulting in... 


Polymetal CEO Vitaly Nesis
Polymetal to sell Russian unit for $3.7bn
19th February 2024 By: Bloomberg

Gold miner Polymetal International will sell its sanctioned Russian unit in a deal worth a total of nearly $3.7-billion, the Kazakhstan-registered firm said in a statement. The business will be... 


UCT research aims to help stakeholders mitigate mine closure risks
19th February 2024 By: Tasneem Bulbulia

Research published in the International Journal of Mining by University of Cape Town (UCT) Future Water Institute academic Dr Megan Cole has indicated that 48 of South Africa’s 230 operating mines... 


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