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South America

Philip Pascall was a savvy and charismatic leader
How a $10bn mine became a cautionary tale for the energy transition
16th April 2024 By: Bloomberg

When the group of mining executives arrived at Panama’s regal Palacio de las Garzas, they were ushered past the ornate, wood-paneled ceremonial rooms and straight to the private office of the... 


The Pueblo Viejo plant
Barrick reports lower Q1 gold and copper output
16th April 2024 By: Creamer Media Reporter

Canada-headquartered Barrick Gold has announced its preliminary figures for the first quarter of 2024, reporting gold output of 940 000 oz and copper output of 40 000 t. Gold production fell by... 


Petra Diamonds CEO Richard Duffy
Exceptional blue Cullinan diamond lifts latest Petra tender prices by 22%
16th April 2024 By: Martin Creamer

The sale by Southern African diamond mining company Petra Diamonds of an exceptional blue diamond in its fifth tender cycle lifted the average prices per carat received 22% higher than those of the... 


Platinum Group Metals CEO Frank Hallam
Odds-on entry of palladium, platinum into EVs highlighted by research update
16th April 2024 By: Martin Creamer

New York- and Toronto-listed Platinum Group Metals, which is emerging in South Africa’s Waterberg, on Tuesday provided an update on its new light battery technology that points to increasing... 


Gold seen hitting $3 000 at Citi as investor inflows juice rally
Gold seen hitting $3 000 at Citi as investor inflows juice rally
16th April 2024 By: Bloomberg

Gold is set to reach $3 000 an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup said,... 


Former Xstrata Copper exec joins Sunstone board
16th April 2024 By: Creamer Media Reporter

ASX-listed Sunstone Metals has announced the appointment of former Xstrata Copper executive Neal O’Connor as nonexecutive director. The appointment follows the recent appointment of Patrick Duffy... 


Vale surpasses 100% renewable energy target in Brazil two years ahead of schedule
Vale surpasses 100% renewable energy target in Brazil two years ahead of schedule
16th April 2024 By: Mariaan Webb

Mining giant Vale has exceeded its target of reaching 100% renewable energy consumption in its Brazilian operations, accomplishing this milestone two years ahead of schedule. The announcement,... 


Indigenous communities suspend dialogue with SQM, Codelco over lithium
16th April 2024 By: Reuters

The four largest indigenous communities in Chile's Atacama salt flat suspended dialogue with state-run copper giant Codelco and lithium miner SQM over expanding lithium mining in the flat, the... 


Codelco aims to land partner for Maricunga lithium by next year
Codelco aims to land partner for Maricunga lithium by next year
16th April 2024 By: Reuters

Chile's State-run miner Codelco plans to select a partner for a future lithium project in one of the country's top salt flats, Maricunga, in the first quarter next year, Chairman Maximo Pacheco... 


Chile probes for lithium exploration interest, aims for five projects
15th April 2024 By: Reuters

Chile has started accepting statements of interest for lithium exploration and aims to develop up to five new projects in the country, the government announced on Monday. Chile is the world's... 


Strong consensus that markets need to be developed for platinum group metals.
PGM market development has paid dividends, could pay many more, Platinum Day told
15th April 2024 By: Martin Creamer

The market development aspect of the platinum group metals (PGM) industry is fundamentally key, it was repeatedly stated at last week’s 2024 Resources for Africa Platinum Day. There is strong... 


Copper
Association unpacks likely copper demand trends driving growth up to 2040
15th April 2024 By: Marleny Arnoldi

Research commissioned by the International Copper Association (ICA) has found that copper’s future market share will be defined by regional trends and the green energy transition. The research,... 


Copper output at Chile's Codelco set to rise this year, CESCO says
15th April 2024 By: Reuters

Chile's state-run copper miner Codelco is poised to improve production this year and begin to climb from its lowest dip in a quarter century, the head of Chilean copper studies center CESCO said... 


Hot Chili prepares to create new water company
15th April 2024 By: Creamer Media Reporter

ASX- and TSX-V-listed Hot Chili has submitted a second maritime concession application to facilitate a potential multi-user water network for the Huasco Valley area of the southern Atacama region... 


IonicRE MD Tim Harrison
IonicRE subsidiary mulls expansion of Belfast magnet recycling demo plant's capacity
15th April 2024 By: Creamer Media Reporter

Amid significant demand for the production of rare earth oxides (REOs) from magnet recycling, which is currently essentially non-existent in the Western world, Ionic Technologies International, a... 


Nickel developer Horizonte’s financing efforts fail
Nickel developer Horizonte’s financing efforts fail
15th April 2024 By: Mariaan Webb

London- and Toronto-listed Horizonte Minerals has failed to secure financing for its Araguaia nickel project, in Brazil, and is compelled to explore other options that may put shareholder value at... 


Workers protest outside the shuttered Cobre Panama mine
Panama’s $10bn mine closure casts a shadow over election and bonds
15th April 2024 By: Bloomberg

Six months after violent protests rocked Panama, the country’s politicians are on edge and foreign investors are staying away. The demonstrations, which started among local unions and university... 


Gold jumps after Iran strike against Israel stokes haven demand
Gold jumps after Iran strike against Israel stokes haven demand
15th April 2024 By: Bloomberg

Gold rose as much as 1.2% shortly after the open as Iran’s attack on Israel over the weekend drove demand for haven assets. Bullion traded near a record high set on Friday as the conflict in the... 


Copper’s run continues with surge to highest since June 2022
Copper’s run continues with surge to highest since June 2022
12th April 2024 By: Bloomberg

Copper continued its upwards charge, hitting the highest level in 22 months, as investors bet that curtailed mine supply will struggle to keep up with resurgent global demand. Copper has found... 


Gold hits fresh high as Mideast tensions boost haven demand
Gold hits fresh high as Mideast tensions boost haven demand
12th April 2024 By: Reuters

Gold touched a fresh record as Israel prepared for a strike by Iran or its proxies, and traders mulled the latest US economic data. Bullion climbed as much as 1% to $2 395.48 in early Asia hours.... 


The Escondida mine in Chile
Chile's copper output up 9.8% in February, Codelco production dips - Cochilco
12th April 2024 By: Reuters

Copper production in Chile rose 9.8% on an annual basis to 417 000 t in February even as state-run Codelco's output dipped, the country's copper commission Cochilco said on Thursday. Despite the... 


Ministerial Advisor and Presidency Green Hydrogen Lead Masopha Moshoeshoe.
South Africa well placed to benefit from huge green hydrogen outlook, attendees hear
11th April 2024 By: Martin Creamer

Green hydrogen has a massive potential future and South Africa is very well positioned to produce it, attendees of the Hydrogen Economy Discussion heard on Thursday. Most of the 90-million tonnes... 


NextSource's battery anode facility site in Mauritius
NextSource starts pilot-scale work at new battery anode site in Mauritius
11th April 2024 By: Marleny Arnoldi

TSX-listed NextSource Materials has made progress with the development of a battery anode facility in the Freeport Zone of Port Louis, Mauritius. Following a comprehensive process, the company... 


Coal stockpiles at a power station
Global coal power grew 2% last year, the most since 2016, GEM survey says
11th April 2024 By: Reuters

The world's coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in China and decommissioning delays elsewhere, according to research published... 


Tianqi takes another shot at probing SQM-Codelco lithium deal
11th April 2024 By: Bloomberg

Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium, which seeks greater clarity over a proposed deal with copper giant Codelco. The board... 


Protesters blockade Peru's Las Bambas mine after talks fall through
Protesters blockade Peru's Las Bambas mine after talks fall through
10th April 2024 By: Reuters

Peru's Las Bambas copper mine, owned by China's MMG, is facing renewed blockades of a key transport route after failed talks over donations to local development projects, a community leader said on... 


Minerals Council South Africa CEO Mzila Mthenjane
Market development of full PGMs basket is essential, Industry Day hears
10th April 2024 By: Martin Creamer

Representatives of the producers of 90% of the world’s climate-vital platinum group metals (PGMs) heard during Wednesday’s PGMs Industry Day that market development of the full PGMs basket – and... 


coal in hands
MC Mining committee reluctantly advises shareholders to accept Goldway offer
10th April 2024 By: Marleny Arnoldi

Further to Goldway Capital Investment extending the offer period to take over all the shares of coal miner MC Mining that it does not already own for A$0.16 apiece, Goldway has declared its offer... 


Trafigura is using late founder as scapegoat on scapegoat on bribes, son says
10th April 2024 By: Bloomberg

The family of Trafigura Group’s late founder Claude Dauphin has accused the trading house of using him as a “scapegoat” in its US corruption case, in an unprecedented public rebuke. Trafigura last... 


Gold bars
Silvercorp accepts Perseus’ buyout of its 15% shareholding in OreCorp
10th April 2024 By: Marleny Arnoldi

As ASX- and TSX-listed Perseus Mining’s takeover of ASX-listed OreCorp gains pace, TSX-listed Silvercorp Metals has accepted the offer to sell its 73.8-million OreCorp shares to Perseus.... 


Gold holds record high ahead of pivotal US inflation figures
Gold holds record high ahead of pivotal US inflation figures
10th April 2024 By: Bloomberg

Gold held a record high as investors positioned for US inflation data that could help shape the Federal Reserve’s outlook on interest rates. Bullion was little changed after closing at $2 352.78... 


The Spence copper concentrator
BHP set to dethrone Codelco as world’s biggest copper producer
10th April 2024 By: Bloomberg

The copper industry is about to get a new leader as BHP Group overtakes Codelco in the global producer rankings, according to Bloomberg Intelligence estimates. As long as BHP’s giant Escondida... 


Hydrogen economy, platinum group metals go together.
Platinum-linked green hydrogen set to be world’s ‘new oil’, Forbes article highlights
10th April 2024 By: Martin Creamer

There's no climate solution without hydrogen. It’s the missing piece of the clean energy puzzle, says a global CEO-led initiative that brings together leading companies with a united vision. This... 


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