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Australasia

Clockwise (from top left) CEO Niël Pretorius, CFO Riaan Davel and COO  Jaco Schoeman.
High-flying DRDGOLD’s 18th consecutive dividend illuminated by 50%-higher payout
18th February 2025 By: Martin Creamer

Johannesburg- and New York-listed DRDGOLD on Tuesday, February 18, reported soaring half-year operating profit and 28%-higher revenue for the six months to December 31. The strongly performing... 


St Barbara disputes PNG tax assessment
St Barbara disputes PNG tax assessment
18th February 2025 By: Mariaan Webb

Australian gold miner St Barbara has rejected a tax assessment issued by Papua New Guinea’s Internal Revenue Commission (IRC), which demands about A$175-million in additional taxes and penalties.... 


Goldman raises gold target to $3 100 on central-bank appetite
Goldman raises gold target to $3 100 on central-bank appetite
18th February 2025 By: Bloomberg

Goldman Sachs Group raised its year-end gold target to $3 100 an ounce on central-bank buying and inflows into bullion-backed exchange-traded funds, highlighting Wall Street’s enthusiasm for the... 


Winsome raises cash for Canada lithium project
18th February 2025 By: Creamer Media Reporter

Lithium explorer and developer Winsome Resources has secured firm commitments to raise A$7.84-million through an institutional share placement as it advances its Adina lithium project in Quebec.... 


Barro Alto nickel in Brazil
MMG to acquire Anglo American's nickel business for $500m
18th February 2025 By: Mariaan Webb

Diversified mining group Anglo American has agreed to sell its nickel business to mid-tier miner MMG for up to $500-million, the companies announced on Tuesday. The transaction, which includes... 


Robert Friedland
Billionaire Friedland’s iron-ore miner seeks up to A$300m in Australia IPO
18th February 2025 By: Bloomberg

Mining billionaire Robert Friedland’s latest venture, iron-ore producer Ivanhoe Atlantic, is seeking to raise as much as A$300-million from an initial public offering (IPO) in Australia, people... 


Australia should supply uranium for nuclear power, says US energy secretary
18th February 2025 By: Reuters

The United States "would love to" see Australia supplying uranium for nuclear power, US Energy Secretary Chris Wright said on Monday, speaking at a conference in London. "I would love to see... 


The Pluto LNG plant
Woodside, Santos face earnings dip; growth projects in focus
18th February 2025 By: Reuters

Woodside Energy and Santos, Australia's top oil and gas producers, are expected to log a modest fall in annual earnings, with investors seeking more clarity on dividend payouts amid lingering... 


BHP CEO Mike Henry
BHP CEO strikes upbeat tone despite profit decline
18th February 2025 By: Mariaan Webb

Diversified mining major BHP remains optimistic about demand for its products, despite a decline in interim profit and ongoing global economic uncertainties. CEO Mike Henry on Tuesday highlighted... 


DFS confirms viability of Lithium Universe's Bécancour refinery
17th February 2025 By: Mariaan Webb

ASX-listed Lithium Universe has confirmed the economic feasibility of its Bécancour lithium carbonate refinery in Québec, Canada, following the completion of a definitive feasibility study (DFS).... 


Cyclone and Vale ink $138m deal for Canada iron-ore project
Cyclone and Vale ink $138m deal for Canada iron-ore project
17th February 2025 By: Mariaan Webb

ASX-listed Cyclone Metals on Monday announced a binding commercial agreement with Vale for the joint development of the Iron Bear iron-ore project in Canada. Under the terms of the agreement,... 


Chalice reports metallurgical 'breakthrough' at Gonneville
Chalice reports metallurgical 'breakthrough' at Gonneville
17th February 2025 By: Creamer Media Reporter

ASX-listed Chalice Mining has announced a metallurgical breakthrough at its Gonneville project, in Western Australia, successfully producing saleable copper and nickel concentrates from low-grade... 


CEO Craig Miller
Craig Miller excited at prospect of demerged AngloPlat being resurgent PGM producer
17th February 2025 By: Martin Creamer

Soon-to-be renamed Anglo American Platinum is being positioned to be as competitive as possible for the long term and to deliver on its full potential for all of stakeholders, CEO Craig Miller made... 


Burgundy secures fuel offtake deal to ease seasonal cash flow
Burgundy secures fuel offtake deal to ease seasonal cash flow
17th February 2025 By: Creamer Media Reporter

ASX-listed Burgundy Diamond Mines has secured a fuel offtake agreement with Macquarie Bank, a deal designed to smooth out seasonal cash flow challenges at its Ekati diamond mine in Canada’s remote... 


Anglo American CE Duncan Wanblad
Anglo American sets out June demerger timeline for Anglo American Platinum
17th February 2025 By: Martin Creamer

Diversified mining major Anglo American plc reported on Monday that it had made significant progress towards its demerger of Anglo American Platinum, which has announced dividends totalling... 


Heraeus Precious Metals business line hydrogen systems executive VP Philipp Walter.
New ultra-low iridium collaboration is promising major green hydrogen magnification
17th February 2025 By: Martin Creamer

The acronyms are becoming more intense, with PTE, which stands for porous transport electrodes, the latest one, amid the already tried and trusted proton exchange membrane (PEM) popping up for... 


Gold holds biggest loss since December on concern rally overdone
Gold holds biggest loss since December on concern rally overdone
17th February 2025 By: Bloomberg

Gold steadied following its largest one-day decline in two months, with the slump sparked by investor concern that the metal’s recent record-breaking rally may have been overdone. Bullion traded... 


Rio Tinto's Yandicoogina mine
Top iron-ore miners face weakest results since 2019
17th February 2025 By: Reuters

The top global iron ore miners are headed for their weakest earnings in five years as a struggling Chinese property sector weighs on demand for the steel raw material, while new supply coming on... 


Australia’s iron-ore hub reopens, Rio mines resume after cyclone
Australia’s iron-ore hub reopens, Rio mines resume after cyclone
17th February 2025 By: Bloomberg

Australia’s biggest iron-ore port reopened and Rio Tinto Plc mines resumed operations after being spared any major damage from Tropical Cyclone Zelia. Port Hedland, which handled almost 760... 


Besra Gold announces board changes
14th February 2025 By: Creamer Media Reporter

ASX-listed Besra Gold has announced a change in its board leadership, with Dato’ Lim Khong Soon stepping aside as chairperson. In an interim capacity, the board has appointed Jon Morda as... 


Scorpion to farm into E79's Jungar Flats
14th February 2025 By: Creamer Media Reporter

West Australia-based explorer E79 Gold Mines on Friday announced an earn-in and joint venture (JV) agreement with ASX-listed Scorpion Metals for the Jungar Flats project in the Murchison region.... 


London Bullion Market Associaion CEO Ruth Crowell.
When informal gold mining becomes illegal, the Mr Bigs can take advantage, LBMA warns
14th February 2025 By: Martin Creamer

One of the major subjects the London Bullion Market Association (LBMA) talked to governments about at the Investing in African Mining Indaba was how to move an informal gold mining landscape to a... 


Rio Tinto clears regulatory hurdles for $6.7bn Arcadium lithium acquisition
Rio Tinto clears regulatory hurdles for $6.7bn Arcadium lithium acquisition
14th February 2025 By: Mariaan Webb

Global mining major Rio Tinto has secured all necessary regulatory approvals to proceed with its $6.7-billion acquisition of Arcadium Lithium, paving the way for the transaction to close in early... 


Global Lithium appoints new CEO in push to develop frozen project
Global Lithium appoints new CEO in push to develop frozen project
14th February 2025 By: Reuters

Global Lithium Resources has appointed Dianmin Chen to run the company, after its executive chairman stepped down and shareholders approved a new board that wants to go ahead with developing its... 


South Africa's aluminium needs to be decarbonised.
South Africa’s Hillside Aluminium continuing to go all out to decarbonise – South32
13th February 2025 By: Martin Creamer

While ‘high-carbon’ is the value-lowering label being put on aluminium from South Africa’s Hillside Aluminium in KwaZulu-Natal, the Sydney-, Johannesburg- and London-listed South32 benefits from... 


Tropical cyclone forces closure of ports in Western Australia's Pilbara region
Tropical cyclone forces closure of ports in Western Australia's Pilbara region
13th February 2025 By: Reuters

Western Australia's ports of Dampier and Varanus Island will be closed at 6 p.m. on Thursday due to Tropical Cyclone Zelia, the ports' operator said, with emergency services in the state warning of... 


South32 CEO Graham Kerr
South32 sees US aluminium tariffs as negotiating tactic
13th February 2025 By: Reuters

US President Donald Trump's tariffs on aluminium are more likely to be part of a bargaining strategy than a long-term policy of his administration, said CEO Graham Kerr of Australian diversified... 


Rio Tinto's Boyne Island aluminium smelter
Australia increased aluminium exports with US blessing, Trade Minister says
13th February 2025 By: Reuters

Australia's Trade Minister Don Farrell said on Thursday the country had increased aluminium supply to the US with Washington's approval, addressing a hurdle to Canberra's request for an exemption... 


Management alleges that Dianmin Chen is working with foreign-linked investors to take control of the board and the Manna lithium project in WA.
Global Lithium management resigns ahead of AGM
13th February 2025 By: Reuters

Australia's Global Lithium Resources said on Thursday two of its three board directors have stepped down ahead of an annual shareholder meeting later in the day that was set to strip them of... 


South32's Mozal aluminium operation in Mozambique
South32 rides commodity price gains to strong H1 results
13th February 2025 By: Mariaan Webb

Diversified mining and metals company South32 on Thursday announced a 25% increase in revenue, reaching $3.12-billion, and a 579% surge in profit after tax, totaling $360-million for the half-year... 


South African-born Barrick CEO Dr Mark Bristow
Barrick signs MoU with Zambia to boost mining and exploration
12th February 2025 By: Martin Creamer

Gold and copper mining company Barrick has signed a memorandum of understanding (MoU) with a resources organisation of the government of Zambia, which is aimed at boosting exploration and mining in... 


Jake Klein will transition to a nonexecutive role at Evolution Mining.
Leadership changes at Evolution and Fortescue
12th February 2025 By: Mariaan Webb

Two of Australia’s major mining companies, Evolution Mining and Fortescue, announced leadership changes on Wednesday. Gold miner Evolution confirmed that executive chairperson Jake Klein will... 


Gold Fields awards wind turbine contract for St Ives renewable energy project
Gold Fields awards wind turbine contract for St Ives renewable energy project
12th February 2025 By: Mariaan Webb

International bullion miner Gold Fields has awarded a contract to Goldwind to design, manufacture, and construct seven wind turbines for its St Ives gold mine, located 80 km south of Kalgoorlie in... 


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