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Rio Tinto class action over Bougainville mine damage set for October hearing
Rio Tinto class action over Bougainville mine damage set for October hearing
23rd July 2024 By: Reuters

The first hearing date has been set in a class action against miner Rio Tinto RIO.AX for historical environmental and social damage caused by the Bougainville copper mine in Papua New Guinea that... 


Anglo Platinum chairperson Norman Mbazima.
PGMs helping to lay greener global foundation, demerging Anglo Platinum highlights
22nd July 2024 By: Martin Creamer

Despite the current low-price cycle, the critical role that platinum group metals (PGMs) play in helping to form a foundation for cleaner greener world remains indisputable, Anglo American Platinum... 


Glencore's chrome smelter in Lydenburg
China, South Africa still driving chrome supply globally
22nd July 2024 By: Marleny Arnoldi

In unpacking production and export figures for chrome and ferrochrome in 2023 and the first quarter of this year, the International Chromium Development Association (ICDA) has confirmed that China... 


Anglo Platinum's Mogalakwena mine in Limpopo where hydrogen truck is being trialed.
We're looking forward to being PGM leader as a standalone entity – Anglo Platinum
22nd July 2024 By: Martin Creamer

Platinum group metals  (PGM) mining and marketing company, the Johannesburg Stock Exchange primary-listed Anglo American Platinum, highlighted on Monday that it is working to deliver a responsible... 


Saudi Arabia to visit Brazil and lithium power Chile as seeks to diversify
22nd July 2024 By: Reuters

Saudi Arabia's mining minister will visit Brazil and Chile over the coming two weeks, the ministry said on Sunday, as the world's leading oil exporter seeks to expand its international presence in... 


Indonesia launches nickel, tin online tracking system
22nd July 2024 By: Reuters

Indonesia launched on Monday an online system to track movements of nickel and tin from mines to domestic processing facilities to improve accountability and government revenue, authorities said.... 


Western miners push for higher metals prices to ward off Chinese rivals
Western miners push for higher metals prices to ward off Chinese rivals
22nd July 2024 By: Reuters

The only US cobalt mine sits fallow in the northern Idaho woods, a mothballed hunk of steel and dirt that is too expensive for its owner to operate because Chinese rivals have flooded global... 


Australia's Core Lithium will halt operations at Finniss
With no recovery in sight, lithium prices force miners to reevaluate output
22nd July 2024 By: Bloomberg

With lithium prices languishing near three-year lows and showing no signs a recovery is coming, attention is now turning to whether miners will be forced to rein in supply of the battery metal.... 


Singapore's GEAR secures $850m for South32's Australian coking coal - sources
Singapore's GEAR secures $850m for South32's Australian coking coal - sources
22nd July 2024 By: Reuters

A consortium led by Singapore's Golden Energy and Resources (GEAR) has secured $850-million to buy South32's Australian coking coal assets, two sources told Reuters, as private credit continues to... 


President Joe Biden on Sunday ended his re-election bid.
Gold climbs as US election chaos escalates after Biden drops out
22nd July 2024 By: Bloomberg

Gold edged higher as markets weighed President Joe Biden’s decision to end his reelection bid, which sparked fresh questions over whether the move will help or hinder Donald Trump’s chances of... 


Gold in dollar shape
Analysts predict gold to trade at average $2 547/oz in the second half
19th July 2024 By: Marleny Arnoldi

Independent previous metals authority London Bullion Market Association (LBMA) has cited analysts predicting that the gold price will trade even higher in the second half of the year, following a... 


Nornickel weighs projects in new top market China
Nornickel weighs projects in new top market China
19th July 2024 By: Bloomberg

Russia’s biggest miner MMC Norilsk Nickel is weighing several new projects in copper, nickel and palladium in China as sanctions make cross-border payments and shipments increasingly difficult.... 


Duncan Wanblad shaking hands with Wits University vice-chancellor Professor Zeblon Vilakazi at the hand over of Anglo’s 47 Main street, Johannesburg building, to Wits Business School (WBS), with Anglo chairperson Nolitha Fakude (left) and  WBS head Prof Maurice Radebe (right).
We’ve delivered strong second-quarter production – Anglo CE
18th July 2024 By: Martin Creamer

Diversified mining company Anglo American on Thursday emphasised its embedding of operational resourcefulness across its asset base and highlighted its second-quarter performance as being strong.... 


Anglo American Platinum CE Craig Miller
Anglo Platinum anticipating 15% to 25% lower half-year earnings
18th July 2024 By: Martin Creamer

The basic earnings and earnings per share of platinum group metals (PGM) mining company Anglo American Platinum for the first six months of this year are anticipated to be between 15% and 25% lower... 


Gold bars
Golden rule: Why younger investors are drawn to gold
18th July 2024 By: Reuters

What asset class do millennials and Gen Z investors both want to own? Here is an answer you may not have guessed: Gold. Among wealthy investors under the age of 43, 45% own gold as a physical... 


Kumba Iron Ore CE Mpumi Zikalala
Kumba Iron Ore expecting half-year earnings to be 24% to 29% lower
18th July 2024 By: Martin Creamer

The basic earnings of iron-ore mining company Kumba for the six months to June 30 are expected to between 24% and 29% lower than for the first six months of last year. The decreased R6 847-million... 


Iron-ore majors ramp up supply even as China faces challenges
Iron-ore majors ramp up supply even as China faces challenges
17th July 2024 By: Bloomberg

The world’s biggest iron-ore producers are hurling plenty of dirt, adding tons of the steel-making commodity to the seaborne market even as top user China battles a demand-sapping property crisis.... 


Petra Diamonds CEO Richard Duffy
Petra Diamonds focusing on refinancing $250-million loan notes
17th July 2024 By: Martin Creamer

Having reset its cost base, delivering new life-of-mine (LoM) plans with a smooth capital profile, the focus of Petra Diamonds is very much on refinancing its $250-million loan notes. “We plan to... 


Montage's flagship asset is the Koné gold project, in Cote d'Ivoire.
China's Zijin Mining to take 9.9% stake in Canada's Montage Gold
17th July 2024 By: Reuters

Canadian miner Montage Gold on Tuesday said Chinese mining firm Zijin Mining Group would take a 9.9% strategic stake in the company through its brokered private placement. Zijin Mining will... 


Gold holds at record high as rate cut bets fuel demand rush
Gold holds at record high as rate cut bets fuel demand rush
17th July 2024 By: Bloomberg

Gold hit another record as traders placed stronger bets on Federal Reserve rate cuts this year and weighed an uncertain outlook for US politics. Bullion advanced in Asia hours to touch an all-time... 


Graph showding projected downward path of platinum.
Minerals Council VP spells out platinum production decline expectation to Shanghai
16th July 2024 By: Martin Creamer

Under current market conditions, many platinum mines will close prematurely due to a lack of financial resources – and even without financial constraint, closure of depleting mines will result in... 


Barrick shows marginal rise in quarterly production
Barrick shows marginal rise in quarterly production
16th July 2024 By: Creamer Media Reporter

Canada-headquartered miner Barrick Gold on Tuesday reported preliminary second-quarter production of 948 000 oz of gold and 43 000 t of copper and reaffirmed its full-year guidance. The... 


Williamson diamond mine at steady state.
Petra expects diamond prices to show modest recovery in 2025
16th July 2024 By: Martin Creamer

With market fundamentals providing pricing support in the medium- and longer-term, London-listed diamond mining and marketing company Petra Diamonds expects diamond prices to show modest recovery... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto ‘growing with discipline’, says CEO
16th July 2024 By: Mariaan Webb

Australia-headquartered mining major Rio Tinto is continuing to grow in the materials the world needs for the energy transition and is doing so “with discipline”, CEO Jakob Stausholm said on... 


Hive Hydrogen GM Colin Loubser
Green ammonia ousting coal in power stations, R105bn hydrogen developer reports
15th July 2024 By: Martin Creamer

Huge demand for green ammonia from power stations is being seen by the developer of South Africa’s R105-billion green hydrogen to green ammonia project in the Eastern Cape. But this new development... 


Maersk tankers and competitors bet billions on ammonia fuel carriers
15th July 2024 By: Bloomberg

Some of the biggest names in shipping are betting billions of dollars on tankers to transport a type of ammonia that’s scarcely being produced today — wagering it will become integral to the... 


Nations gather to negotiate deep sea mining code as opposition mounts
Nations gather to negotiate deep sea mining code as opposition mounts
15th July 2024 By: Reuters

The United Nations' International Seabed Authority (ISA) will meet on Monday to consider new rules allowing firms to extract minerals from the ocean floor, despite mounting concerns about the... 


World Platinum Investment Council CEO Trevor Raymond.
Shanghai Week's platinum futures poised to manage price risk, boost demand
12th July 2024 By: Martin Creamer

Platinum’s appeal is being bolstered by its wide discount to gold, increasing industrial applications, and inclusion on the critical mineral lists of many countries, World Platinum Investment... 


Platinum Group Metals CEO Frank Hallam.
Platinum mine developer working with govt on export of concentrate to Saudi Arabia
12th July 2024 By: Martin Creamer

Toronto- and New York-listed Platinum Group Metals, the near-term objectives of which are to advance the Waterberg project in Limpopo to a development and construction decision, is working with the... 


China's June coal imports rise as heat boosts electricity demand
China's June coal imports rise as heat boosts electricity demand
12th July 2024 By: Reuters

China's coal imports in June rose 12% year-on-year, customs data showed on Friday, as heatwaves in the world's top consumer of the fuel supported demand. Shipments to China were 44.6-million... 


COMRO’s Legacy author Brian Protheroe (right) interviewed by Mining Weekly's Martin Creamer.
Mining’s dormant gold analyser seen as potential gold optimiser with help of today’s tech
11th July 2024 By: Martin Creamer

For 30 years, 800 people at the now defunct Chamber of Mines Research Organisation (COMRO) devoted intense ongoing effort to research and development to advance mining in general and gold mining in... 


China forbids new coal-based steelmaking for first time in years
China forbids new coal-based steelmaking for first time in years
11th July 2024 By: Bloomberg

China didn’t permit any coal-based steelmaking projects in the first half of the year for the first time since announcing its major climate neutrality goals in 2020, according to a report released... 


Rare earth oxides
Africa’s rare earths could make up 9% of global supply by 2029
11th July 2024 By: Bloomberg

African mines could account for nearly a tenth of the world’s rare earths in five years, climbing from zero today, creating new players in a market dominated by China. Eight mines in countries such... 


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