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De Beers capitulates on diamond strategy with big price cuts
De Beers capitulates on diamond strategy with big price cuts
2nd December 2024 By: Bloomberg

De Beers has cut diamond prices by more than 10% across the board as the world’s biggest producer abandons attempts to put a floor under the slumping market. The diamond industry has been struck... 


Zinc’s wild week may signal volatile era as supplies squeezed
Zinc’s wild week may signal volatile era as supplies squeezed
2nd December 2024 By: Bloomberg

Zinc could see more sharp price swings as growing tightness along the metal’s supply chain leaves buyers exposed to sudden changes in availability. The material used to galvanize steel had a... 


Shares in Green Minerals fall 40% after Norway stops deep-sea mining
2nd December 2024 By: Reuters

Shares in Norwegian sea bed mining start-up Green Minerals fell by 40% on Monday after the government scrapped a first licensing round for deep-sea mining in return for support for its annual... 


Thor announces further positive drilling results at Nigeria project
2nd December 2024 By: Tasneem Bulbulia

Aim- and TSX-V-listed Thor Explorations has announced further positive results from the initial proof-of-concept drilling programme that targets the down-plunge potential beneath the current... 


Lithium Argentina leaves Canada to establish domicile in Switzerland
Lithium Argentina leaves Canada to establish domicile in Switzerland
2nd December 2024 By: Mariaan Webb

TSX- and NYSE-listed Lithium Americas (Argentina) has announced plans to redomicile from Canada to Switzerland, a move designed to enhance the company’s growth prospects and financing flexibility.... 


Condor receives nonbinding acquisition offers
Condor receives nonbinding acquisition offers
2nd December 2024 By: Mariaan Webb

Canadian exploration and development company Condor Gold has confirmed it has received two nonbinding acquisition offers, one from Calibre Mining and the other from Metals Exploration, potentially... 


Norway stops deep-sea mining, for now
Norway stops deep-sea mining, for now
2nd December 2024 By: Reuters

A small leftwing environmentalist political party in Norway succeeded on Sunday in blocking plans to mine the sea bed at the bottom of the Arctic, by demanding the government scrap its first... 


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... 


Russia cancels exchange rate duty for coking coal, government says
29th November 2024 By: Reuters

ussia has cancelled an exchange rate duty for coking coal and extended a moratorium on such a duty for thermal coal and anthracite, the government said on Friday, saying the decision was aimed at... 


Rough diamonds
Omani firm replaces sanctions-hit Alrosa in Angolan diamond miner
29th November 2024 By: Reuters

A subsidiary of the sovereign wealth fund of Oman is replacing Russian sanctions-hit Alrosa in Angola's state-controlled diamond miner Catoca, an Angolan official said on Thursday. Angola has been... 


Polyhalite produced at the Woodsmith mine in the UK
IAEA, Anglo American to cooperate on research into stopping soil salinisation
29th November 2024 By: Rebecca Campbell

The International Atomic Energy Agency (IAEA) has announced that it is partnering with Anglo American, and in particular the latter’s Crop Nutrients business, to undertake research intended to... 


A NexGen uranium operation
Possible tariffs worry Canada uranium miners as they boost output to meet US demand
29th November 2024 By: Reuters

Canada's uranium miners, confident that only they can meet US demand for the element after Russian supply curbs, have accelerated output and forward contracts to supply U.S energy companies, but... 


An EV charging sign painted in a parking space
Blencowe joins consortium to supply the European EV supply chain
28th November 2024 By: Sabrina Jardim

London-listed Blencowe Resources has accepted an invitation to join the international SAFELOOP consortium, managed under the European Commission's €100-billion Horizon Europe Programme and focussed... 


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... 


Amaroq CEO Eldur Olafsson
Amaroq completes first gold pour at Nalunaq mine, Greenland
28th November 2024 By: Creamer Media Reporter

Aim- and TSX-V-listed Amaroq Minerals has completed the first gold pour at its flagship Nalunaq gold mine, in Greenland. The pour took place on Wednesday, following the approval of Phase 1... 


An image showing Innomotics' new geared motors assembly factory
Innomotics unveils new geared motors assembly factory in Midrand
28th November 2024 By: Tasneem Bulbulia

Motor and large-drive systems supplier Innomotics (formerly Siemens Large Drives and Low Voltage Motors) on November 28 launched its new Geared Motors assembly factory in Midrand. The factory is... 


Tharisa mine
Tharisa posts 26% increase in full-year operating profit
28th November 2024 By: Marleny Arnoldi

London- and Johannesburg-listed chrome and platinum group metals (PGM) miner Tharisa has reported improvements in its production for the financial year ended September 30, which culminated in a... 


Cut and polished diamonds
Botswana to become certifier in G7 Russian diamond ban
28th November 2024 By: Reuters

Major African diamond producer Botswana will join Antwerp as an origin certifier of rough diamonds for export to the G7 which banned imports of Russian stones from the start of this year, a joint... 


Nornickel sees new technologies sustaining China's palladium demand
Nornickel sees new technologies sustaining China's palladium demand
28th November 2024 By: Reuters

Russian metals giant Nornickel believes that new technologies it is developing, including for the synthesis of hydrogen, will create demand for palladium in China equal to up to 15% of current... 


Trafigura rattles zinc market with huge order for LME metal
28th November 2024 By: Bloomberg

Trafigura Group has ordered thousands of tons of zinc out of London Metal Exchange warehouses, fueling a rally in prices, according to people familiar with the matter. Orders to withdraw zinc from... 


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... 


Containers at a port
Outlook for South Africa's trade, investment in 2025 mixed – PwC
27th November 2024 By: Schalk Burger

South Africa’s largest sources of foreign investment, including the US, the UK and Germany, are entering 2025 with mixed fortunes. With great uncertainty about the US economy in 2025, the economic... 


Galp drops plans to build Aurora lithium refinery in Portugal
27th November 2024 By: Reuters

Portuguese energy company Galp said late on Tuesday it has dropped its plan to build the Aurora lithium refinery after it failed to find a new partner to replace Northvolt, a Swedish maker of... 


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... 


Managem appoints Epiroc to modernise Tizert copper project in Morocco
26th November 2024 By: Marleny Arnoldi

Mining group Managem has appointed excavation equipment provider Epiroc to enhance safety and productivity at the Tizert copper project, in Morocco. Epiroc will provide Managem with the necessary... 


Leviathan to acquire project in Bosnia
26th November 2024 By: Creamer Media Reporter

TSX-V-listed Leviathan Gold has announced the execution of a share exchange agreement with LS Lithium, soon to be renamed Foca Metals Corp (FMC), to acquire 100% of FMC’s issued shares and, in... 


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... 


Anglo American CEO Duncan Wanblad
Anglo American sells rest of Australian coal mines for $3.8bn as part of portfolio reshaping
25th November 2024 By: Mariaan Webb

Diversified mining giant Anglo American announced on Monday the sale of its Australian steelmaking coal mines to Peabody, a US-based coal producer, for $3.8-billion. The move is part of the... 


AngloGold’s buyout of Centamin effective
22nd November 2024 By: Marleny Arnoldi

Gold miner AngloGold Ashanti’s acquisition of Egypt-focused gold miner Centamin has become effective. Centamin’s share will delist from the TSX and LSE on November 25.  


Kavango to build new plant to increase production at Zimbabwe prospect
22nd November 2024 By: Tasneem Bulbulia

London-listed Kavango Resources plans to increase high-grade gold production at Prospect 4 at the Hillside project in Matabeleland, southern Zimbabwe. High-grade gold mineralisation is currently... 


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