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China slashes steel output as industry sounds alarm on demand
China slashes steel output as industry sounds alarm on demand
15th August 2024 By: Bloomberg

Chinese steelmakers slashed output last month as woeful demand forced steep cuts on an industry contending with a collapse in margins. Steel production in July plunged about 9% on both the month... 


China to limit antimony exports in latest critical mineral curbs
15th August 2024 By: Reuters

China will impose export limits on antimony and related elements in the name of national security, its commerce ministry said on Thursday, Beijing's latest move to restrict shipments of critical... 


China's thermal power generation falls for third month in July despite record heat
15th August 2024 By: Reuters

 China's thermal power generation in July fell from a year earlier for a third month even though the country recorded its hottest month in recent history, sending power use rising, statistics... 


Exxaro CEO Nombasa Tsengwa.
Exxaro declares interim dividend on higher revenue, lower profit
15th August 2024 By: Martin Creamer

Mining and renewable energy company Exxaro Resources has declared an interim dividend in reporting its interim results for the six months to June 30. Half-year revenue of the Johannesburg Stock... 


Dawie Roodt
Be prepared for new economic future as biggest Electra Mining Africa show approaches
14th August 2024 By: Martin Creamer

South Africa’s preparation for a brand new economic future is coinciding with the biggest ever Electra Mining Africa show, which takes place in Johannesburg, from September 2-6. Five interconnected... 


Indian miner Vedanta boosts stake sale in Hindustan Zinc to top $950m
14th August 2024 By: Reuters

Indian miner Vedanta will sell a 3.3% stake worth more than $950-million in unit Hindustan Zinc, it said on Wednesday, bigger than the 2.6% stake it initially planned to hive off. Vedanta said it... 


Gold approaches record high with focus on US inflation data
Gold approaches record high with focus on US inflation data
14th August 2024 By: Bloomberg

Gold edged up to near a record, as investors awaited key inflation data that could prompt the Federal Reserve to cut interest rates next month. Bullion reached as high as $2 478.61 an ounce –... 


Steel pipes at a market in China
World’s biggest steel producer warns of ‘severe’ industry crisis
14th August 2024 By: Bloomberg

China’s steel industry is facing a crisis more serious than the downturns of 2008 and 2015, the leading producer warned, highlighting a need to preserve cash and likening conditions to a “severe... 


Barrick CEO Mark Bristow
Africa delivers ‘usual reliable performance’ with steady output, lower costs – Barrick
13th August 2024 By: Martin Creamer

The Africa region delivered its “usual reliable performance” with steady production and well contained costs, Barrick CEO Dr Mark Bristow reported this week when it maintained its quarterly... 


Pandora CEO says diamond market faces disruption in next decade
Pandora CEO says diamond market faces disruption in next decade
13th August 2024 By: Bloomberg

Pandora A/S’s chief executive officer expects it will take less than ten years before consumers buy more lab-grown diamonds than mined stones because they increasingly weigh up costs and climate... 


India to offer incentives for critical minerals extraction, govt source says
13th August 2024 By: Reuters

India plans to provide funding for research institutes to give technical assistance to miners, according to a government source and a letter reviewed by Reuters, to try to develop a critical... 


Iron-ore takes fresh hit as concerns over global glut exact toll
Iron-ore takes fresh hit as concerns over global glut exact toll
13th August 2024 By: Reuters

Iron-ore slumped — following its fourth weekly loss in five — on concerns that a slowdown in steelmaking at Chinese mills, combined with record shipments from Australia and Brazil, would lead to a... 


Merafe CEO Zanele Matlala.
Merafe reports R720m half-year profit on higher chrome ore prices, weaker currency
12th August 2024 By: Martin Creamer

Johannesburg Stock Exchange-listed Merafe has reported a profit of R720-million for the six months ended June 30, on higher realised chrome ore prices and a weaker rand:dollar exchange rate. But... 


The Arcadia lithium mine in Zimbabwe
China drives African lithium surge to lock in key battery metal
12th August 2024 By: Bloomberg

Chinese miners and refiners are driving a surge in African lithium output, shrugging off concerns over a glut to lock in future supplies of the critical battery metal. The continent is projected to... 


Gold steadies before US inflation data as recession fears linger
Gold steadies before US inflation data as recession fears linger
12th August 2024 By: Bloomberg

Gold steadied ahead of key US data prints this week, with traders focused on whether they will reinforce bets the Federal Reserve will soon pivot to monetary easing. Bullion was trading near $2... 


The Didipio mine, in the Philippines.
OceanaGold reports Didipio fatality
12th August 2024 By: Creamer Media Reporter

Toronto-listed OceanaGold on Friday reported the death of a contractor working at its Didipio mine, in the Philippines. The worker sustained serious head injuries while attempting to remove a... 


Olympic gold medals are worth more than ever after cost of metals surged
Olympic gold medals are worth more than ever after cost of metals surged
12th August 2024 By: Bloomberg

Olympic gold medals are worth more than ever at this year’s Paris games, with the raw materials that go into them having the potential to fetch about $900 each. The medals contain six grams of... 


The judicial review was reportedly against Minister Francois-Philipe Champagane's order seeking a national security review of Jinteng's deal to buy Pan American Silver's assets in Peru.
Chinese mining firm files judicial review against Ottawa
12th August 2024 By: Reuters

Jinteng Mining, a subsidiary of Chinese gold and copper company Zijin Mining Group, has sought a judicial review against Canada's decision regarding a Canadian company's sale of a gold mine in... 


ICMM CEO and president Rohitesh Dhawan
Mining companies strengthen their commitment to respect the rights of Indigenous Peoples
8th August 2024 By: Sabrina Jardim

Ahead of the International Day of the World’s Indigenous Peoples, on August 9, mining industry organisation the ICMM’s members have reaffirmed their commitment to respect the rights of Indigenous... 


Seriti Green CEO Peter Venn and Seriti Group CE Mike Teke.
Global energy winners will be those transitioning quickly and effectively
8th August 2024 By: Martin Creamer

When it comes to the energy transition, the countries that implement the strongest energy portfolios and power grids the fastest and most effectively are going to be the winning countries. That is... 


An image showing Jubilee CEO Leon Coetzer at Project Roan
Jubilee starts operations at Roan front-end upgrade project
8th August 2024 By: Tasneem Bulbulia

Diversified metals producer Jubilee Resources Group has started operations at its Roan upgrade project, in Zambia. The start of the newly-built front-end section of the Roan operation adds... 


Glencore Group's Astron Energy refuelling station.
Astron’s a terrific asset, ferrochrome’s helping world to decarbonise, says Glencore
8th August 2024 By: Martin Creamer

Astron Energy, which has successfully rebranded one of South Africa’s transport fuel forecourt networks, is described by Glencore CEO Gary Nagle as being a terrific asset. With the restart to full... 


Copper processing plant in Argentina.
Argentina is the next frontier for copper growth, says Glencore
7th August 2024 By: Martin Creamer

Argentina is the next frontier for copper growth, “no question”, Glencore CEO Gary Nagle highlighted on Wednesday when the London- and Johannesburg-listed diversified mining and marketing company... 


China's July coal imports rise to seven-month high
China's July coal imports rise to seven-month high
7th August 2024 By: Reuters

China's coal imports rose to a seven-month high in July, General Administration of Customs data showed on Wednesday, as traders took contracted cargoes to coincide with China's peak power demand... 


Glencore CEO Gary Nagle.
Glencore highlights strategic achievements, earnings 33% down
7th August 2024 By: Martin Creamer

iversified mining and marketing company Glencore on Wednesday highlighted what it described as “strong strategic achievements for the group over the year to date”. Against the backdrop of lower... 


Glencore chairperson Kalidas Madhavpeddi.
Glencore to continue to oversee responsible decline of thermal coal operations
7th August 2024 By: Martin Creamer

Diversified mining and marketing company Glencore is to continue to oversee the responsible decline of its thermal coal operations over time, the board has decided. While the decision has been... 


AngloGold CEO Alberto Calderon.
AngloGold interim dividend up 450%, half-year free cash flow lifts to $206m
6th August 2024 By: Martin Creamer

Gold mining company AngloGold Ashanti on Tuesday reported a soaring interim dividend improvement on strong free cash flow uplifted by the elevated gold price, operational improvement and cost... 


India shelves plan for coking coal import consortium, sources say
6th August 2024 By: Reuters

India has abandoned a plan to form a consortium of state-run companies for joint negotiations to import coking coal, a key raw material for steel, due to differences among mills over the grades... 


A stack of gold bars
Gold halts slide after market rout triggered margin-call selling
6th August 2024 By: Bloomberg

Gold steadied after being pulled into Monday’s global rout, when it slumped as some traders cut holdings to cover potential margin calls. Spot bullion plunged as much as 3.2% in the previous... 


Copper products
Copper steadies after plumbing four-month low during global rout
6th August 2024 By: Bloomberg

Industrial metals found firmer footing on Tuesday, the day after commodities were swept up in a tumultuous global selloff of risk assets. Copper, aluminum and zinc all steadied after a frenzied... 


Copper 360’s debut load of ore exits one of the shafts at Rietberg mine. This was the first time in 41 years that mining activity in the Northern Cape’s copper district recommenced.
Re-opened Rietberg copper mine on way to becoming Copper 360’s cash cow
5th August 2024 By: Martin Creamer

The revived Rietberg copper mine is on its way to becoming the cash cow of Copper 360, the Johannesburg Stock Exchange AltX company, which last week produced the first copper ore in the O’Kiep... 


Gold gets dragged into selloff as share slide jolts investors
Gold gets dragged into selloff as share slide jolts investors
5th August 2024 By: Bloomberg

Gold fell as much as 1.2% in early Asian trading, dragged lower by weakness in global stocks, which offset concerns over heightened tensions in the Middle East. Spot bullion — which rallied close... 


Sea-bed regulator elects secretary general as calls grow to pause deep-sea mining
5th August 2024 By: Reuters

The International Seabed Authority (ISA) has elected Leticia Carvalho of Brazil as its next secretary general, as pressure mounts for a pause on efforts to mine the sea floor for minerals for use... 


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