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Anglo cuts steelmaking coal outlook after Australian mine fire
Anglo cuts steelmaking coal outlook after Australian mine fire
18th July 2024 By: Mariaan Webb

Diversified major Anglo American has revised its coal production guidance for year to account for the impact of a recent fire at the Grosvenor underground mine, in Australia. Due to the incident,... 


Duncan Wanblad shaking hands with Wits University vice-chancellor Professor Zeblon Vilakazi at the hand over of Anglo’s 47 Main street, Johannesburg building, to Wits Business School (WBS), with Anglo chairperson Nolitha Fakude (left) and  WBS head Prof Maurice Radebe (right).
We’ve delivered strong second-quarter production – Anglo CE
18th July 2024 By: Martin Creamer

Diversified mining company Anglo American on Thursday emphasised its embedding of operational resourcefulness across its asset base and highlighted its second-quarter performance as being strong.... 


Mercedes, Stellantis in talks to back Serbia’s lithium ambitions
18th July 2024 By: Bloomberg

Mercedes-Benz Group and Stellantis are in discussions with Serbia’s government to invest in lithium-processing and EV battery production, potentially adding fresh support for what may become... 


Anglo American Platinum CE Craig Miller
Anglo Platinum anticipating 15% to 25% lower half-year earnings
18th July 2024 By: Martin Creamer

The basic earnings and earnings per share of platinum group metals (PGM) mining company Anglo American Platinum for the first six months of this year are anticipated to be between 15% and 25% lower... 


Centamin CEO Martin Horgan
DFS demonstrates robustness of Centamin's Doropo project
18th July 2024 By: Creamer Media Reporter

The results of a definitive feasibility study (DFS) on London- and Toronto-listed gold miner Centamin's Doropo project, in Côte d'Ivoire, has demonstrated that it is a robust project that meets the... 


Gold bars
Golden rule: Why younger investors are drawn to gold
18th July 2024 By: Reuters

What asset class do millennials and Gen Z investors both want to own? Here is an answer you may not have guessed: Gold. Among wealthy investors under the age of 43, 45% own gold as a physical... 


Kumba Iron Ore CE Mpumi Zikalala
Kumba Iron Ore expecting half-year earnings to be 24% to 29% lower
18th July 2024 By: Martin Creamer

The basic earnings of iron-ore mining company Kumba for the six months to June 30 are expected to between 24% and 29% lower than for the first six months of last year. The decreased R6 847-million... 


Petra Diamonds' Cullinan mine
Uasa, Petra Diamonds sign five-year wage agreement for Cullinan mine
17th July 2024 By: Marleny Arnoldi

Trade union Uasa has signed a five-year wage agreement with the management of the Cullinan mine, which is owned by London-listed Petra Diamonds. The agreement is effective from July 1 this year... 


Petra Diamonds CEO Richard Duffy
Petra Diamonds focusing on refinancing $250-million loan notes
17th July 2024 By: Martin Creamer

Having reset its cost base, delivering new life-of-mine (LoM) plans with a smooth capital profile, the focus of Petra Diamonds is very much on refinancing its $250-million loan notes. “We plan to... 


German Chancellor Olaf Scholz
Germany’s Scholz plans lithium deal with Serbia after Rio ruling
17th July 2024 By: Bloomberg

German Chancellor Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry, according to people familiar with... 


A graphic showing the uses of hydrogen
EU's green hydrogen goals not realistic, auditors say
17th July 2024 By: Reuters

The EU's goals to produce and import green hydrogen fuel are unrealistic and unlikely to be met despite billions of euros in funding, the European Court of Auditors (ECA) said on Wednesday. The... 


Gold holds at record high as rate cut bets fuel demand rush
Gold holds at record high as rate cut bets fuel demand rush
17th July 2024 By: Bloomberg

Gold hit another record as traders placed stronger bets on Federal Reserve rate cuts this year and weighed an uncertain outlook for US politics. Bullion advanced in Asia hours to touch an all-time... 


Katie Jackson will join Rio Tinto in September
Rio Tinto picks energy exec as new copper chief
17th July 2024 By: Creamer Media Reporter

Diversified mining group Rio Tinto has appointed Katie Jackson to lead its copper business, succeeding Bold Baatar, who is set to become COO later this year. Jackson is currently president of... 


UK's new coal mine sent 'adverse international signal', campaigners say
UK's new coal mine sent 'adverse international signal', campaigners say
17th July 2024 By: Reuters

Britain's approval of its first new deep coal mine in decades was unlawful because ministers failed to consider the "adverse international signal" sent by the controversial decision, environmental... 


Graph showding projected downward path of platinum.
Minerals Council VP spells out platinum production decline expectation to Shanghai
16th July 2024 By: Martin Creamer

Under current market conditions, many platinum mines will close prematurely due to a lack of financial resources – and even without financial constraint, closure of depleting mines will result in... 


Marimaca is a TSX-listed copper company.
Assore invests C$68m in Marimaca Copper
16th July 2024 By: Mariaan Webb

Assore International Holdings (AIH), a subsidiary of South Africa’s Assore Group , has made a C$68-million investment in Toronto-listed Marimaca Copper that owns the Marimaca project in Chile’s... 


Steel is among the goods affected by the UK's CBAM
South Africa tells UK carbon border tax will deepen inequality
16th July 2024 By: Bloomberg

South Africa has told the UK that its plans to impose a carbon tax on imported goods will deepen global inequality and hamper Africa’s ability to adapt to climate change. The criticism of the... 


Williamson diamond mine at steady state.
Petra expects diamond prices to show modest recovery in 2025
16th July 2024 By: Martin Creamer

With market fundamentals providing pricing support in the medium- and longer-term, London-listed diamond mining and marketing company Petra Diamonds expects diamond prices to show modest recovery... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto ‘growing with discipline’, says CEO
16th July 2024 By: Mariaan Webb

Australia-headquartered mining major Rio Tinto is continuing to grow in the materials the world needs for the energy transition and is doing so “with discipline”, CEO Jakob Stausholm said on... 


Graphite shard
Blencowe receives another $500 000 tranche in US grant funding
15th July 2024 By: Marleny Arnoldi

London-listed Blencowe Resources has received a fourth tranche of funding worth $500 000 from the US International Development Finance Corporation (DFC), which is the US government’s private sector... 


Hive Hydrogen GM Colin Loubser
Green ammonia ousting coal in power stations, R105bn hydrogen developer reports
15th July 2024 By: Martin Creamer

Huge demand for green ammonia from power stations is being seen by the developer of South Africa’s R105-billion green hydrogen to green ammonia project in the Eastern Cape. But this new development... 


Atalaya lowers full-year copper production guidance
15th July 2024 By: Sabrina Jardim

London-listed Atalaya Mining has lowered its production guidance for the full year to between 45 000 and 50 000 t of copper, compared with the previously guided 51 000 t to 53 000 t. It says this... 


Europe needs way to price critical minerals independently of China, group says
Europe needs way to price critical minerals independently of China, group says
15th July 2024 By: Reuters

Europe needs a system to set prices for critical minerals needed for the energy transition that is not dependent on China, which dominates much of the global sector, the head of an EU-funded group... 


Michael Jones
Nevada-focused tungsten junior bolsters advisory, management team
15th July 2024 By: Creamer Media Reporter

Guardian Metal, a London-listed exploration and development company focusing on tungsten, copper, silver, gold and lithium in Nevada, on Monday announced key appointments aimed at strengthening its... 


Maersk tankers and competitors bet billions on ammonia fuel carriers
15th July 2024 By: Bloomberg

Some of the biggest names in shipping are betting billions of dollars on tankers to transport a type of ammonia that’s scarcely being produced today — wagering it will become integral to the... 


Nations gather to negotiate deep sea mining code as opposition mounts
Nations gather to negotiate deep sea mining code as opposition mounts
15th July 2024 By: Reuters

The United Nations' International Seabed Authority (ISA) will meet on Monday to consider new rules allowing firms to extract minerals from the ocean floor, despite mounting concerns about the... 


World Platinum Investment Council CEO Trevor Raymond.
Shanghai Week's platinum futures poised to manage price risk, boost demand
12th July 2024 By: Martin Creamer

Platinum’s appeal is being bolstered by its wide discount to gold, increasing industrial applications, and inclusion on the critical mineral lists of many countries, World Platinum Investment... 


Nornickel to restart furnace at key smelter in early August
12th July 2024 By: Reuters

ussian metals producer Nornickel will re-launch one of the two furnaces at its flagship Nadezhda Smelter in early August after major repairs that affected production plans, a company spokesman... 


BHP, Vale reach agreement over 2015 Brazil dam collapse proceeding in UK
BHP, Vale reach agreement over 2015 Brazil dam collapse proceeding in UK
12th July 2024 By: Reuters

Mining giants BHP and Vale reached a deal on Friday to split equally the cost of any damages related to proceedings in Britain over a 2015 dam collapse in Brazil that killed 19 people, while... 


Platinum Group Metals CEO Frank Hallam.
Platinum mine developer working with govt on export of concentrate to Saudi Arabia
12th July 2024 By: Martin Creamer

Toronto- and New York-listed Platinum Group Metals, the near-term objectives of which are to advance the Waterberg project in Limpopo to a development and construction decision, is working with the... 


New Age sells UK coal project, focus tilts to Australia, NZ
11th July 2024 By: Creamer Media Reporter

ASX-listed New Age Exploration (NAE) on Thursday announced the sale of its Lochinvar coal project, in the UK. Selling the Lochinvar project will enable NAE to focus its exploration efforts at its... 


Kali Metals lists in Frankfurt
11th July 2024 By: Reuters

Kali Metals, which owns one of the largest exploration packages across Australia’s hard-rock lithium fields, has dual listed on the Open Market of the Frankfurt Stock Exchange. The Frankfurt... 


Serbian court rules govt decision to revoke lithium project permit unconstitutional
Serbian court rules govt decision to revoke lithium project permit unconstitutional
11th July 2024 By: Reuters

Mining group Rio Tinto welcomed a Serbian court ruling on Thursday that overturns a government decision in 2022 to revoke its initial planning permission to develop a lithium mine in the country.... 


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