R/€ = 18.8013 Change: -0.0440
R/$ = 17.4961 Change: -0.0662
Au 1882.37 $/oz Change: 8.62
Pt $/oz Change:


Barrick rules out rival bid for Australia's Newcrest - Bloomberg

By: Reuters     7th February 2023 Barrick Gold has ruled out a counterbid for number-one Australian gold producer Newcrest Mining, its chief executive told Bloomberg, eliminating what had seemed to be the most likely prospect of a rival to bidder Newmont. But another alternative for Newcrest would be lifting its value through... 

Record year for mineral production marred by persistent issues, Minerals Council says

By: Tasneem Bulbulia     6th February 2023 The value of South African mineral production achieved a record high for the second consecutive year in 2022, but underlying mining’s considerable contribution to the country’s economy and its citizens, warning lights are flashing for the sector because of constrained transport logistics,... 

Versatile chain hoist series shows value in shipbuilding

3rd February 2023 Included in local equipment manufacturer and supplier Becker Mining South Africa’s range of Kito lifting equipment is the durable Kito high-speed CB manual chain hoist series, which is suitable for use in shipbuilding and restorations. These hoists, which offer swift lifting and lowering speeds... 

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

Peru’s violent protests imperil 30% of its copper output

By: Bloomberg     30th January 2023 An upsurge in the violent protests wracking Peru is crimping copper output in the world’s No. 2 supplier, with about 30% of its production at risk at a time of low global stocks and high prices. One copper mine is offline after demonstrators stormed the site, another has seen shipments choked by... 

New mini hydraulic excavator delivers more power, performance

27th January 2023 Built to deliver an improved customer experience, the new 5 t Cat 305 CR Next Generation Mini Hydraulic Excavator delivers more power to the hydraulic pump, higher bucket breakout forces and deeper standard stick digging depths to increase performance by up to 20% over the previous 305E2 CR. Its... 

Battery electric range paves route to ‘mine of the future’

27th January 2023 Mining solutions provider Sandvik, in a press release published in November, noted that the launch of its battery electric vehicles created opportunities that the mining sector had previously “only dreamt about”. Speaking at the Electra Mining Africa exhibition in South Africa last year, Sandvik... 

Charco Cranes manufacturer offers unique drive solutions for diverse applications

By: Yolande Botes     27th January 2023 Italy-based crane manufacturer Donati Sollavamenti, established in 1930, offers a wide range of lifting products and solutions to overhead crane manufacturers and material handling system integrators worldwide. All Donati products offer the best solutions to various handling applications while... 

Copper resumes rally on China optimism, low inventories

By: Reuters     18th January 2023  Copper continued its rally on Wednesday, rising to its highest levels since June as speculators bet that low inventories and rising Chinese demand will lift prices. Benchmark copper CMCU3 on the London Metal Exchange was up 1.8% at $9 435 a tonne at 11:47 GMT having reached $9 481. 

Final metallurgical testing under way at Orom-Cross graphite project

By: Darren Parker     16th January 2023 London-listed Blencowe Resources has airfreighted 20 kg of concentrate from its Orom-Cross graphite project, in Uganda, to the Wuhan University of Technology (WUT) in China to begin final stage metallurgical testing.  Studies on the concentrate, which was recently processed through the... 

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