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The Implats team at 2024 results presentation, covered by Mining Weekly's Martin Creamer. Video: Creamer Media's Nicholas Boyd.
Headwind-hit Implats delivers guided production, controls costs
29th August 2024 By: Martin Creamer

Amid an operating environment constrained by macroeconomic headwinds and low prices for platinum group metals (PGMs), Implats delivered guided production volume and cost control in the 12 months to... 


More renewables on cards at South Deep gold mine, where 50 MW of solar is making major contribution.
More renewable energy on cards at South Deep – Gold Fields
28th August 2024 By: Martin Creamer

The provision of more renewable energy at the South Deep gold mine 50 km south-west of Johannesburg is under intense scrutiny by Gold Fields, which describes the mine’s two-year-old 50 MW solar... 


MC Mining's Vele mine
Hong Kong-listed company to acquire majority interest in MC Mining for $90m
28th August 2024 By: Creamer Media Reporter

South African coal miner MC Mining has entered into an agreement with Hong Kong-listed coal mining and trading group Kinetic Development Group (KDG), which will acquire a 51% interest in MC Mining... 


China’s steel slump set to worsen as heavyweights flag concerns
China’s steel slump set to worsen as heavyweights flag concerns
28th August 2024 By: Bloomberg

China’s steel-industry slowdown looks set to deepen, with BHP Group, the world’s biggest miner, and China Baowu Group, the top iron-ore buyer, flagging concerns as demand fades after decades of... 


Master Drilling CEO Danie Pretorius.
Mechanical cutting for mining set to move needle for Master Drilling
27th August 2024 By: Martin Creamer

In the six months to June 30, cash from the operating activities of Master Drilling soared 119.8% to $27.7-million. The revenue pipeline of this Johannesburg Stock Exchange-listed tech-savvy... 


With EVs being three times as copper-intensive as internal combustion engine vehicles, BHP expects the transport sector to account for over 20% of global copper demand by 2040.
BHP sees ‘fly-up’ in copper prices later, but short-term outlook cooler
27th August 2024 By: Mariaan Webb

Diversified mining company BHP has projected a strong outlook for the copper market, forecasting significant price increases due to expected supply deficits in the latter part of the decade. The... 


A gloved hand holding lithium
Zijin to miss lithium output target and control pace of projects
27th August 2024 By: Bloomberg

Zijin Mining Group, China’s most valuable miner and an aspiring lithium giant, said it will miss its production guidance for the battery material this year as prices continue to languish. Zijin’s... 


The Jimblebar iron-ore mine in Western Australia
BHP’s profit rises 2% as concerns on China demand increase
27th August 2024 By: Bloomberg

BHP Group, the world’s biggest miner, reported full-year profit edged up 2%, in line with analyst forecasts, even as China’s property market continued to weigh on its economy and demand for... 


China's gold demand expected to rebound as economic jitters spur buying
China's gold demand expected to rebound as economic jitters spur buying
26th August 2024 By: Reuters

Gold demand in China is expected to improve in coming months as consumers adjust to higher prices, industry officials said, with economic uncertainty and concerns about currency weakness driving... 


Harmony Gold's Mponeng mine, the world's deepest.
Operational performance elevates Harmony Gold to new heights
26th August 2024 By: Martin Creamer

South African gold mining major Harmony Gold has been elevated to new heights owing to sustained operational excellence, high recovered grades and record gold prices. In the 12 months to June 30,... 


China’s Zijin Mining sees increasing threats to M&A ambitions
China’s Zijin Mining sees increasing threats to M&A ambitions
26th August 2024 By: Bloomberg

Major Chinese copper and gold producer Zijin Mining Group said a slowing global economy, geopolitical tensions, and resource nationalism could restrict its overseas deal-making ambitions. Net... 


Gold Fields CEO Mike Fraser.
Gold Fields’ big South Deep mine is being uplifted for quality-ounce longevity
23rd August 2024 By: Martin Creamer

Johannesburg- and New York-listed Gold Fields said on Friday that it is taking steps to set up its big South Deep gold mine on Gauteng’s West Rand for the long-term production of quality gold... 


Iron-ore stockpiles
BMI revises 2024 iron-ore price forecast lower to $110/t
23rd August 2024 By: Darren Parker

Market analysis firm BMI, a Fitch Solutions company, has revised down its 2024 iron-ore price forecast from an average of $120/t to $110/t, as subdued demand in mainland China amid the ongoing... 


Societe Generale exits LME trading floor in blow for exchange
23rd August 2024 By: Bloomberg

Societe Generale SA is withdrawing from the London Metal Exchange’s open-outcry trading floor, in a move that will raise fresh questions about the viability of the iconic “Ring” as a key... 


Chinese zinc smelters meet to mull output cuts to stem losses
23rd August 2024 By: Bloomberg

China’s major zinc smelters are discussing possible output cuts, after tight global supplies of concentrate and weak demand forced spot processing fees into negative territory. The response to the... 


Sadpo chairperson Gert van Niekerk.
South Africa’s small-end diamond producers are battling to survive, Sadpo reports
22nd August 2024 By: Martin Creamer

South Africa’s small-end diamond producers are battling to survive in a diamond situation in South Africa which is under severe pressure, South African Diamond Producers Organisation (Sadpo)... 


Flash copper price squeeze helps upend global trade flows
Flash copper price squeeze helps upend global trade flows
22nd August 2024 By: Bloomberg

When copper surged toward a record high in New York in May, a ship was in the Pacific Ocean carrying a raw form of the metal from Chile to top buyer China. By the time the Ricarda arrived in... 


DRDGOLD CEO Niël Pretorius.
Big win for DRDGOLD is 60 MW solar farm as it repositions for future
21st August 2024 By: Martin Creamer

The big win for surface gold recovery company DRDGOLD is the 60 MW solar farm built at Ergo in the 12 months to June 30. “I call it a R3-billion prepaid electricity facility that will take care of... 


St Barbara chooses saleable concentrate flowsheet for Simberi
St Barbara chooses saleable concentrate flowsheet for Simberi
21st August 2024 By: Mariaan Webb

Australian miner St Barbara has accelerated its decision-making process by selecting the saleable concentrate flowsheet option for its Simberi sulphides expansion project, three months ahead of... 


China’s exports of critical minerals recover after curbs imposed
21st August 2024 By: Bloomberg

Chinese exports of critical minerals are returning to more normal levels, undercutting fears that the restrictions imposed by the government last year could choke off supplies crucial to high-tech... 


Iron-ore stockpiles
Iron-ore rises for third day on China policy support optimism
21st August 2024 By: Bloomberg

Iron-ore rose for a third day — recovering more of its 9% plunge last week — on signs Chinese authorities will take more steps to try and revive the country’s moribund property market. The... 


Cape Town Archbishop and Renewal Programme Patron Thabo Makgoba.
Mining companies need mechanisms to solve conflicts, Marikana memorial hears
20th August 2024 By: Martin Creamer

Mining companies need mechanisms to solve conflicts by reaching consensus with stakeholders on dealing with grievances and disputes, former Minerals Council South Africa VP and current Transnet... 


Menar MD Vuslat Bayoglu.
Menar envisages reviving Metalloys smelter, selling beneficiated manganese to world
20th August 2024 By: Martin Creamer

Menar, which recently signed a deal to acquire Samancor’s Metalloys, envisages reviving the ferromanganese smelting complex and exporting  beneficiated manganese to the world. “It’s an exciting... 


Iron-ore stockpiles in Australia
Iron-ore to extend rout as it’s ‘different this time,’ Citi says
20th August 2024 By: Bloomberg

Iron-ore is poised to extend declines into the $80/t range as China’s steelmakers reduce production, according to Citigroup Inc., which pared price forecasts and said that market dynamics have... 


Gold bars are worth a million dollars for the first time
Gold bars are worth a million dollars for the first time
20th August 2024 By: Bloomberg

For the first time ever, a bar of gold is worth a cool one million dollars. The milestone was reached Friday, when the precious metal’s spot price surpassed $2 500 per troy ounce, an all-time... 


Not-so-rare earths: Ample supply weighs on prices of key minerals group
Not-so-rare earths: Ample supply weighs on prices of key minerals group
20th August 2024 By: Reuters

Weak demand for rare earths combined with ample supplies are weighing on prices of the group of 17 minerals used in technologies from lasers to EVs, with little near-term catalyst in sight,... 


Barrick Gold CEO Mark Bristow
Barrick Gold on way to becoming major copper producer
19th August 2024 By: Martin Creamer

In less than six years, at the end of the decade, 2030, Barrick will have grown its gold output by 30% and will be a copper miner up there with some of the biggest. It goes to the upper 400 000... 


St Barbara nets A$25m from sale of Catalyst shareholding
19th August 2024 By: Creamer Media Reporter

ASX-listed St Barbara has sold its entire shareholding in fellow-listed Catalyst Metals, netting cash proceeds of A$25.2-million. The proceeds will be used to strengthen its balance sheet... 


Physical buyers win battle for copper market as funds retreat
Physical buyers win battle for copper market as funds retreat
19th August 2024 By: Reuters

Investors fleeing the copper market are likely to be sidelined for many months, leaving the field clear for physical players who expect demand in top consumer China and elsewhere to deteriorate... 


Chinese copper exports fall from record as local demand rebounds
Chinese copper exports fall from record as local demand rebounds
19th August 2024 By: Bloomberg

Chinese copper exports dropped last month from an all-time high, as domestic buyers took advantage of the metal’s rapid retreat in price. Exports of unwrought copper and products fell 40% from... 


Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Major shift to green energy under way by mining houses across Africa – Nedbank CIB
16th August 2024 By: Martin Creamer

Virtually every mining house in South Africa is in the process of procuring green electrons, and similar advances are taking place across the African continent, from the Democratic Republic of... 


Chinalco is said to eye stake in biggest Philippine copper mine
16th August 2024 By: Bloomberg

Aluminum Corp. of China is considering investing in what is set to be the Philippines’ largest gold and copper mine as part of its efforts to boost its global footprint, according to people... 


Captial CE Peter Stokes
Capital’s interim revenue up 9.8% y/y
15th August 2024 By: Darren Parker

Mining services company Capital has announced first-half revenue of $169.4-million, marking a 9.8% increase from $154.3-million in the 2023 interim period. The company's full-year revenue guidance... 


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