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Can South Africa turn around 30 years of real economy underperformance?
26th April 2024 By: Terence Creamer

In this essay, Terence Creamer reflects on the factors that have shaped South Africa’s real-economy sectors of manufacturing, mining and agriculture over the past 30 years and considers ways to end... 


BHP has spent the last ten years simplifying their asset base only to buy one of the most complex portfolios in the industry.
BHP’s mega bid for Anglo sets stage for industry shakeup
25th April 2024 By: Mariaan Webb

Australia-headquartered BHP has made a bold move with its bid to acquire rival Anglo American in an all-share deal valued at $38.8-billion. With this manoeuvre, BHP aims to create the largest... 


Anglo American share price shows traders want a sweeter bid
Anglo American share price shows traders want a sweeter bid
25th April 2024 By: Bloomberg

Traders are pushing Anglo American Plc shares above the value of BHP Group’s takeover proposal, a sign they expect a higher bid from the suitor or an interloper. BHP’s proposal, which values the... 


Mineral Resources and Energy Minister Gwede Mantashe
Mantashe signals opposition to BHP-Anglo deal
25th April 2024 By: Bloomberg

South African Mines Minister Gwede Mantashe signaled his opposition to BHP Group Ltd.’s proposed takeover of Anglo American. The offer by the world’s largest miner envisages an all-share deal in... 


Hummingbird’s first-quarter performance impacted by contractual dispute at Kouroussa
25th April 2024 By: Marleny Arnoldi

Despite what its CEO Dan Betts deemed a challenging quarter, Aim-listed Hummingbird Resources delivered an 18% quarter-on-quarter increase in gold production at just under 17 000 oz from the... 


The Letšeng mine
Gem to report 15% q/q rise in carat sales for the first quarter
25th April 2024 By: Creamer Media Reporter

London-listed Gem Diamonds notes in a trading update for the first quarter of this year that it sold 32 571 ct of diamonds recovered from its 70%-owned Letšeng mine, in Lesotho. This represents a... 


Jonsson L 550 large mobile cone crusher
Pilot Crushtec introduces Swedish brand of large-scale crushers to the Southern African market
25th April 2024 By: Marleny Arnoldi

Local mobile and semi-mobile crushing and screening equipment provider Pilot Crushtec has expanded its product lineup to the Southern African mining market with the addition of Swedish brand... 


Anglo American's corporate head office in South Africa
Anglo shareholder LGIM says BHP approach 'unattractive'
25th April 2024 By: Reuters

Legal & General Investment Management, one of the 20 largest shareholders in Anglo American said an approach by BHP Group is "highly opportunistic" and "unattractive". "As with many other... 


Newmont CEO Tom Palmer
Newmont's asset sale attracts strong interest, tops profit estimates
25th April 2024 By: Reuters

Newmont beat Wall Street estimates for first-quarter profit on Thursday, as the world's largest gold miner benefited from robust production, higher prices and lower operating expenses. Shares rose... 


Minerals Council South Africa CEO Mzila Mthenjane.
How 30 years of democracy has transformed South Africa's mining industry
25th April 2024 By: Martin Creamer

South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s... 


An Apple computer
Congo questions Apple on concerns about use of conflict minerals
25th April 2024 By: Bloomberg

The Democratic Republic of Congo’s government notified Apple of concerns that the company’s supply chain may be tainted by conflict minerals sourced from the central African nation. A group of... 


Panellists who participated in the webinar are (from left) Mining Equipment Manufacturers of South Africa CEO Lehlohonolo Molloyi, Multotec CEO Thomas Holtz, Simera Trace technical director Kevin O'Neill, Epiroc digital solutions buisness line manager Vikesh Chiba and South African Capital Equipment Export Council CEO Eric Bruggeman.
Creativity, innovation keep South Africa’s mining tech manufacturing industry competitive
25th April 2024 By: Darren Parker

An admirable degree of creativity exists within the South African mining technology and equipment manufacturing sector, giving manufacturers the necessary flexibility to weather the significant... 


Zimbabwe Mines Minister Winston Chitando
Zimbabwe’s Mnangagwa names new Mines Minister in mini-reshuffle
25th April 2024 By: Bloomberg

Zimbabwe’s President Emmerson Mnangagwa has reappointed Winston Chitando as the Southern African nation’s Mines Minister, a post he held before last year’s elections. Prior to his reappointment,... 


ERG's Metalkol mine in the DRC
Kazakh miner ERG denies circumventing Congo subcontracting laws
25th April 2024 By: Reuters

Kazakh miner Eurasian Resources Group (ERG) has denied accusations it tried to bypass Democratic Republic of Congo's subcontracting laws designed to boost local ownership in the mining sector, job... 


The combined entity will have a leading portfolio of tier-one assets, focused on iron-ore, metallurgical coal and future facing commodities, including potash and copper.
BHP makes £31bn offer for Anglo American
25th April 2024 By: Mariaan Webb

Diversified mining major BHP on Thursday announced a proposed all-share offer that values Anglo American at £31.1-billion. The deal has the potential to transform the mining industry landscape.... 


Prices are well below the levels needed to incentivise new greenfield production
BlackRock says $12 000/t copper is needed to incentivise new mines
25th April 2024 By: Bloomberg

Copper needs to reach $12 000/t — a 20% jump from this week’s high — to incentivize large-scale investments in new mines, said Olivia Markham, who co-manages the BlackRock World Mining Fund. The... 


A Zimbabwe flag
Changing business opportunities, challenges in Zimbabwe highlighted
24th April 2024 By: Schalk Burger

Zimbabwe is undergoing change and aims to attract more companies to do business in the country, but risks and challenges remain for businesses aiming to capitalise on the opportunities in the... 


Silver bars
Armadale sets out to earn a majority stake in US silver asset
24th April 2024 By: Creamer Media Reporter

Aim-listed investment company Armadale Capital, which holds mine investments in Africa, has entered into an agreement to earn a 50% interest in Africo American Incorporated (AAI), the holding... 


First Quantum navigates Zambia power crisis through imports, renewable projects
First Quantum navigates Zambia power crisis through imports, renewable projects
24th April 2024 By: Mariaan Webb

In response to Zambia's recent declaration of a national emergency owing to a severe drought affecting power generation, copper miner First Quantum Minerals is taking measures to ensure the... 


Vitol CEO Russell Hardy
World’s biggest energy traders are returning to metals markets
24th April 2024 By: Bloomberg

Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets. Vitol Group, Gunvor Group and Mercuria Energy Group... 


Volt progresses programmes with customers for Tanzania project
24th April 2024 By: Tasneem Bulbulia

ASX-listed Volt Resources has provided shareholders with an update on the progress at its Bunyu graphite project, in Tanzania. As reported in January, graphite concentrate from the project was... 


Perseus expects strong operating performance to continue
24th April 2024 By: Sabrina Jardim

ASX- and TSX-listed Perseus Mining has reported gold sales of 115 648 oz in the March quarter – a 19 489 oz decrease on sales in the December 2023 quarter, owing to the timing of gold sales. The... 


West African on track to meet full-year guidance following solid first quarter
24th April 2024 By: Tasneem Bulbulia

Unhedged gold mining company West African Resources’ Sanbrado mine, in Burkina Faso, produced 56 595 oz of gold at an all-in sustaining cost (AISC) of $1 291/oz in the first quarter of this year.... 


An image of Ionic MD Tim Harrison
IonicRE raises $5.5m in a placement
24th April 2024 By: Tasneem Bulbulia

ASX-listed Ionic Rare Earths (IonicRE) has received firm commitments to raise $5.5-million, before costs, by way of a share placement of about 423-million shares. The placement includes... 


Ironveld enters facility agreement with Tracarta
24th April 2024 By: Sabrina Jardim

Aim-listed mining development company Ironveld has entered into a further working capital loan facility agreement with shareholder Tracarta, in which Ironveld chairperson John Wardle has a... 


rough diamonds being sorted using tweezers
Diamond council urges industry to transition to revised System Of Warranties urgently
24th April 2024 By: Darren Parker

The World Diamond Council’s (WDC’s) revised System of Warranties (SoW) is set to reach its first critical deadline on September 21, when it becomes obligatory for all rough diamond sales.   “We... 


An image of the Gemfields’ Montepuez mine
Gemfields releases updated ‘G-Factor for Natural Resources’ figures
24th April 2024 By: Tasneem Bulbulia

London-listed Gemfields has announced updated ‘G-Factor for Natural Resources’ figures for the 12 months to December 31, 2023, and has also once again invited governance bodies, extractive... 


Copper 360 CEO Jan Nelson.
Copper 360 ships concentrate, on course to pay first dividend next year
24th April 2024 By: Martin Creamer

South Africa's rapidly advancing copper producer Copper 360 has shipped copper concentrate from the Northern Cape province for the first time in 21 years, which saw its shares rise by more than 26%... 


Dr Surinder Ghag appointed Sovereign chief technology officer
23rd April 2024 By: Sabrina Jardim

Aim- and ASX-listed Sovereign Metals has appointed graphite and battery anode specialist consultant Dr Surinder Ghag as chief technology officer of graphite. Ghag will assist Sovereign's graphite... 


Graphite sample
Marula secures eight mining licences next to existing graphite projects in Tanzania
23rd April 2024 By: Marleny Arnoldi

UK- and South Africa-listed battery metals miner Marula Mining has advised that its NyoriGreen Mining Limited (NML) subsidiary has been granted eight new mining licences in Tanzania. A... 


Gas tanks
Invictus partners with Zim-focused gold miner to investigate gas supply to Eureka mine
23rd April 2024 By: Marleny Arnoldi

ASX-listed Invictus Energy has signed a memorandum of understanding (MoU) that could lead to a maiden gas offtake agreement with Dallaglio Investments, involving the supply of gas to the Eureka... 


Bushveld warns it may have to halt some operations amid funding constraints
23rd April 2024 By: Marleny Arnoldi

Aim-listed Bushveld Minerals recorded record quarterly production of 498 t of vanadium from the Vanchem operation, in Mpumalanga, South Africa, for the three months ended March 31, as well as... 


Lhyfe Founder and CEO Matthieu Guesné.
New green hydrogen trading base uplifting platinum group metals demand outlook
23rd April 2024 By: Martin Creamer

The green hydrogen sector now has a digital platform on which users can buy and sell green hydrogen by the click of a button, it was announced on Tuesday.  Euronext-listed Lhyfe, the French group... 


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pqt: 1.45s - ct: 1.525s - 348pq - 2rq
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