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Citi chops back copper forecasts as Trump’s trade tariffs loom
Citi chops back copper forecasts as Trump’s trade tariffs loom
9th December 2024 By: Bloomberg

Copper looks set to struggle as extra US trade tariffs from the Trump administration and economic risks in China drag on consumption and prices next year, according to Citigroup. The metal —... 


New Caledonia nickel miner flags ‘fragile’ outlook after restart
New Caledonia nickel miner flags ‘fragile’ outlook after restart
9th December 2024 By: Bloomberg

Nickel miner Prony Resources New Caledonia warned that its Goro mine in the French territory is economically vulnerable after a recent suspension due to unrest, even as the company restarts... 


Green SmeltDirect uses 70% less electricity.
Thrilling new home-grown technology can win back South Africa’s lost ferroalloy renown
6th December 2024 By: Martin Creamer

New Proudly South African smelting technology, which uses 70% less electricity, cuts costs, slashes carbon emissions and can process low-grade material, has all the attributes needed to win back... 


Rio’s abandoned Panguna copper mine still a threat, report says
Rio’s abandoned Panguna copper mine still a threat, report says
6th December 2024 By: Bloomberg

Rio Tinto Group contributed to widespread damage due to waste left at an abandoned copper mine in Bougainville, Papua New Guinea, and risks to local communities are ongoing, a report has found.... 


Kraftblock co-founder and CEO Dr Martin Schichtel.
Mines urged to fill renewables gaps with green electrons from on-site waste heat
5th December 2024 By: Martin Creamer

Mines using renewable energy are being encouraged to harvest and store heat wasted during minerals processing and to then use its green electrons to close renewables intermittency gaps that come... 


Gold bulls’ ranks swell as Macquarie raises forecasts for 2025
Gold bulls’ ranks swell as Macquarie raises forecasts for 2025
5th December 2024 By: Bloomberg

Gold has scope to push higher next year, likely hitting a record, as the Federal Reserve cuts rates and central banks add bullion to reserves, according to Macquarie Group. The precious metal may... 


Adaro Andalan rises 20% after Indonesia’s largest IPO this year
Adaro Andalan rises 20% after Indonesia’s largest IPO this year
5th December 2024 By: Bloomberg

Shares of coal miner PT Adaro Andalan Indonesia jumped in their first day of trading, in a show of demand for Indonesia’s largest initial public offering in about a year and a half. The... 


BHP and HBIS deepen partnership to decarbonise steel
5th December 2024 By: Creamer Media Reporter

Mining giant BHP and Chinese steel group HBIS announced on Thursday the signing of a new memorandum of understanding (MoU) to strengthen their collaboration on reducing carbon emissions in the... 


Employee working at a nickel smelter
$5.4tr investment in mining needed by 2035 to meet new energy demand – report
4th December 2024 By: Darren Parker

A new report published by the Future Minerals Forum states that an estimated $5.4-trillion in investments is required by 2035 to meet the growing demand for key materials in the mining and metals... 


Dr Nombasa Tsengwa.
Exxaro places CEO on precautionary suspension with immediate effect
4th December 2024 By: Martin Creamer

Dr Nombasa Tsengwa, the CEO of Johannesburg Stock Exchange-listed Exxaro Resources, has been placed on precautionary suspension with immediate effect, pending the outcome of an independent... 


Outgoing Harmony Gold CEO Peter Steenkamp.
Green loan underpinning latest Harmony Gold renewable-energy project in North West
4th December 2024 By: Martin Creamer

A R1.5-billion green loan facility secured in 2022 is the significant funding underpin of three solar PV renewable-energy plants being constructed by Harmony Gold at its large Moab Khotsong gold... 


Mitsubishi loses $90m in suspected China metal fraud
4th December 2024 By: Bloomberg

Mitsubishi has suffered a loss of more than $90-million in China after uncovering suspected fraud by one of its copper traders, according to people familiar with the matter. The loss is the latest... 


Rio Tinto’s Beyond Rare diamond tender delivers strong results
Rio Tinto’s Beyond Rare diamond tender delivers strong results
4th December 2024 By: Creamer Media Reporter

Diversified mining company Rio Tinto’s second Beyond Rare tender has achieved a strong result, underscoring the rarity and unique provenance of the diamonds on offer. The auction, which featured... 


Rio sells $399m stake in Winu copper project to Sumitomo
Rio sells $399m stake in Winu copper project to Sumitomo
4th December 2024 By: Mariaan Webb

Diversified mining company Rio Tinto announced on Wednesday that it would sell a 30% stake in its Winu copper/gold project to Japan’s Sumitomo Metal Mining (SMM) for $399-million. Under the terms... 


Mining Association of Canada president Pierre Gratton
Canada mining group uses China ban to push back on Trump tariffs
4th December 2024 By: Bloomberg

Canada Mining Group Uses China Ban to Push Back on Trump Tariffs 


President Joe Biden hosts a bilateral meeting with President of the People’s Republic of China Xi Jinping in November 2023.
China bans germanium, gallium exports to US in tit-for-tat move
4th December 2024 By: Bloomberg

China announced an outright ban on several materials crucial to chip-making from being exported to the US citing concerns over military usage, in a tit-for-tat move after President Joe Biden’s... 


Miner RG Gold is said to consider stake sale to fund growth
3rd December 2024 By: Bloomberg

Kazakhstan miner RG Gold is considering a minority stake sale to help fund the development of projects in the central Asian country, according to people familiar with the situation. RG Gold is... 


Exxaro Financial Director Riaan Koppeschaar.
Global investor sentiment towards South Africa much better in 2024, Exxaro reports
3rd December 2024 By: Martin Creamer

Global investor sentiment towards South Africa improved significantly in 2024, Exxaro FD Riaan Koppeschaar reported on Tuesday, December 3. In a pre-close message for the financial year ending... 


Larvotto signs antimony offtake agreement with Wogen
3rd December 2024 By: Reuters

Larvotto Resources said on Monday it had signed a binding offtake agreement with trading house Wogen Resources for sales of its first seven years of antimony output at the Hillgrove project in New... 


Platinum metals support every step of the green hydrogen fuel cell economy.
Platinum demand outlook lifted higher by series of new global hydrogen fuel cell buildouts
2nd December 2024 By: Martin Creamer

The outlook for platinum group metals (PGM) demand has been uplifted by a series of new developments in the field of platinum-catalysed green hydrogen generation as well as concomitant fuel cell... 


Gold slips as Trump’s BRICS currency warning boosts US dollar
Gold slips as Trump’s BRICS currency warning boosts US dollar
2nd December 2024 By: Bloomberg

Gold eased, pressured by a rising US dollar after President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new... 


Tharisa mine.
Downstream beneficiation investment starting to show commercial results – Tharisa
29th November 2024 By: Martin Creamer

Investment in downstream beneficiation is starting to pay dividends and to show real commercial results, says Tharisa CEO Phoevos Pouroulis. “We sold our first commercial chrome alloy to an... 


West Wits Mining CEO Rudi Deysel.
Western Johannesburg’s gold endowment set for upliftment by new CEO appointment
28th November 2024 By: Martin Creamer

Developing gold mining company West Wits Mining, which is reinvigorating the gold mining prospects west of Johannesburg with its Witwatersrand Basin project (WBP), on Thursday, November 28... 


Menar MD Vuslat Bayoglu
Competition approval awaited for re-start of major ferromanganese facility – Menar
27th November 2024 By: Martin Creamer

Private investment company Menar, which is awaiting Competition Commission approval following its bid for the large Metalloys ferromanganese facility in Meyerton, is looking to restart at least two... 


Lynas chairperson John Humphrey
Lynas predicts continued rare earth price volatility amid China economic uncertainty
27th November 2024 By: Mariaan Webb

Australian rare earths producer Lynas Rare Earths has warned that price volatility in the rare earths market is likely to persist until the Chinese economy strengthens. At the company’s annual... 


China eyes alternatives as seaborne coal imports lose market share
China eyes alternatives as seaborne coal imports lose market share
27th November 2024 By: Creamer Media Reporter

China, the world's largest importer of coal, has seen a sharp decline in the share of coal it imports by sea. According to a new report from Oceanbolt, a commodity market intelligence provider of... 


Falling gold prices revive physical demand in key markets
Falling gold prices revive physical demand in key markets
27th November 2024 By: Reuters

A drop in gold prices this month has drawn in buyers of the metal who had been waiting for the market's lightning rally this year to subside, industry players and analysts said. Spot gold prices... 


Singapore businessman faces trial over $1.1bn nickel scam
26th November 2024 By: Bloomberg

An ex-accountant accused of running a billion-dollar nickel scam that rocked Singapore’s business community is on trial on Tuesday on more than 100 charges related to fraud and money laundering.... 


ICMM president CEO Rohitesh Dhawan
ICMM launches new tools on human rights guidance
26th November 2024 By: Marleny Arnoldi

As the UN hosts the Forum on Business and Human Rights from November 25 to 27, mining and metals advocacy group the ICMM has announced strengthened commitments to recognise the important role of... 


World Platinum Investment Council Director of Research Edward Sterck.
Long-term demand outlook for platinum is robust, ongoing question mark over supply
26th November 2024 By: Martin Creamer

The long-term outlook for platinum from a demand perspective is pretty robust. The question, once again, is whether supply will be adequate to meet it. “In terms of automotive demand, we can't... 


Iron-ore being loaded onto a ship
Iron-ore edges higher on firmer steel output, but Trump tariff pledge weighs on market
26th November 2024 By: Reuters

Iron-ore futures ticked up on Tuesday for a second straight session, buoyed by stronger global steel production, although US President-elect Donald Trump's pledge to implement new tariffs when he... 


Vedanta to proceed with dollar bond sale in first post-Adani India credit test
25th November 2024 By: Reuters

Vedanta Resources, which postponed a planned sale of dollar bonds last week after the Adani group's top officials were indicted by US prosecutors, will now launch the issue on Monday, according to... 


Indonesia plans to slash coal to a third of energy mix by 2040, Minister says
22nd November 2024 By: Reuters

Top thermal coal exporter Indonesia, one of the world's largest carbon emitters, is aiming to reduce coal-fired power to 33% in its energy mix by 2040 and increase the share of renewable energy... 


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