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NUM, Exxaro sign three-year wage deal for Matla Colliery employees
18th December 2024 By: Creamer Media Reporter

Trade union the National Union of Mineworkers (NUM) has signed a three-year wage agreement with Exxaro Coal Mpumalanga (Matla Colliery), with the basic salaries of employees to increase by 6.5%... 


Barrick president and CEO Dr Mark Bristow.
Barrick seeks fair resolution in Mali through arbitration
18th December 2024 By: Martin Creamer

New York- and Toronto-listed Barrick Gold Corporation on Wednesday, December 18, confirmed that its operating entities in Mali, namely Société des Mines de Loulo SA and Société des Mines de... 


The water storage dam built at Etango
Bannerman reports good progress on Etango early works contracts
18th December 2024 By: Creamer Media Reporter

Early works construction activities at Australia- and Namibia-listed Bannerman Energy's Etango uranium project, in Namibia, are progressing well, with the 24-month bulk earthworks contract, awarded... 


Deep Yellow reports 18% increase in ore reserves at Tumas
18th December 2024 By: Creamer Media Reporter

ASX-listed Deep Yellow has updated the ore reserve estimate for its Tumas uranium project, in Namibia, reporting an 18% increase to 79.3-million pounds of uranium octoxide (U3O8) at 298 ppm. This... 


Horizon completes Pennys Find PFS, which confirms project’s viability
18th December 2024 By: Simone Liedtke

ASX-listed Horizon Minerals has completed the prefeasibility study (PFS) for the Pennys Find gold project, in Western Australia. The PFS confirms the project’s viability as a high-grade underground... 


The conveyor and Grindrod's Navitrade terminal
Grindrod achieves 2Mt coal throughput at its Navitrade terminal
18th December 2024 By: Creamer Media Reporter

Logistics group Grindrod has reached throughput of two-million tonnes of coal at its Navitrade terminal, in Richards Bay, with the support and collaboration of State-owned Transnet Port Terminals... 


Gold jewellery
Indians opt for lighter, lower carat jewellery as gold prices soar
18th December 2024 By: Reuters

Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said. "I wanted to gift my daughter 80 g of gold,... 


Idemitsu to take majority stake in Australian vanadium developer Vecco
18th December 2024 By: Reuters

Japan's Idemitsu Kosan 5019.T said on Wednesday it would increase its stake in Vecco Group to 50.1% from 14.7%, gaining a majority in the Australian vanadium developer as part of its expansion into... 


The Phase 1 Lionheart project area
Vulcan Energy signs €879m conditional debt commitment letter for European lithium project
18th December 2024 By: Creamer Media Reporter

Australia- and Frankfurt-listed Vulcan Energy has signed an €879-million conditional debt commitment letter with Export Finance Australia and a group of seven commercial banks for the financing of... 


July Ndlovu
July Ndlovu, Billy Mawasha join AECI board
18th December 2024 By: Creamer Media Reporter

Chemicals group AECI has appointed July Ndlovu and Billy Mawasha as nonexecutive directors of its board, with effect from January 1. "The addition of Mr Ndlovu and Mr Mawasha to the board of AECI... 


BHP's South Flank mine
BHP served with class action proceedings over harassment allegations
18th December 2024 By: Creamer Media Reporter

Diversified miner BHP has been served with a representative class action proceeding that has been filed in the Federal Court of Australia in relation to allegations of sexual harassment and sex... 


Mandalay targeting gold production of up to 95 000 oz for 2025
18th December 2024 By: Simone Liedtke

TSX-listed Mandalay Resources Corporation is targeting consolidated gold-equivalent production of between 85 000 oz and 95 000 oz as part of its production and cost guidance for 2025. This includes... 


Coal held in hands
Ukraine's only coking coal mine continues to operate despite Russian troop offensive, sources say
18th December 2024 By: Reuters

Ukraine's only coking coal mine - key for its steel industry - is operating at 50% capacity as of Wednesday morning despite the proximity of advancing Russian forces, two Ukrainian industry sources... 


Global Atomic advancing uranium mine operations, first production expected in 2026
18th December 2024 By: Simone Liedtke

Uranium company Global Atomic Corporation is making significant strides towards achieving first production at its high-grade Dasa uranium mine, in Niger, by the first quarter of 2026. Despite... 


Metalloys in Meyerton, Gauteng.
Ferromanganese revival hopes raised by Competition Tribunal’s green light
18th December 2024 By: Martin Creamer

The Competition Tribunal approval of the acquisition of ferromanganese major Metalloys in Meyerton, Gauteng, is raising hopes of a revival of South Africa’s manganese alloy potential. Metalloys,... 


Gold Mountain reports revenue drop, third-quarter losses
18th December 2024 By: Simone Liedtke

Canadian exploration and development company Gold Mountain Mining experienced a sharp revenue decline in the third quarter of the 2025 financial year, with earnings falling to $594 404, compared... 


The 2 488 ct Motswedi
Lucara names 2 488 ct and 1 094 ct diamonds
18th December 2024 By: Creamer Media Reporter

Canada-headquartered Lucara Diamond Corp has named the 2 488 ct diamond recovered at its Karowe mine, in Botswana, in August Motswedi, which means a water spring or the flow of underground water... 


BHP CEO Mike Henry
BHP sees rising uncertainty for miners on trade as Trump returns
18th December 2024 By: Bloomberg

BHP Group, the world’s biggest miner, expects increasing uncertainty in the near term as US President-elect Donald Trump prepares to implement a slew of tariffs and other trade measures. “In the... 


Nouveau Monde's graphite mine
Nouveau Monde Graphite gets $50m to fund Quebec project
18th December 2024 By: Bloomberg

Nouveau Monde Graphite Inc. received $50 million from two government entities to help fund a production facility for electric-vehicle battery materials in Quebec. The equity investment comes as... 


Gold bars
Gold holds decline as focus on fed for next year’s rate outlook
18th December 2024 By: Bloomberg

Gold held a decline ahead of the Federal Reserve’s upcoming rate decision, with traders watching for clues about next year’s monetary-policy path. Bullion was steady near $2,647 an ounce, after... 


Apple says it has told suppliers to stop buying minerals from Congo
18th December 2024 By: Reuters

 Apple on Tuesday said it strongly disputes allegations that it uses conflict minerals in its products and told suppliers earlier this year to stop purchasing those minerals from the Democratic... 


A coal mining operation
Global coal consumption expected to hit record high in 2024, IEA says
18th December 2024 By: Reuters

Global coal consumption is expected to hit a record high this year and stay near that level until 2027 as strong demand in Asia outpaces declines in the US and Europe, the International Energy... 


Sovereign Metals completes test pit backfilling at Malawi project
17th December 2024 By: Simone Liedtke

Mining and exploration company Sovereign Metals completed the test pit backfilling and the start of soil remediation as part of its pilot mining and land rehabilitation programme at the Kasiya... 


Auric signs agreement to acquire gold processing plant in WA
17th December 2024 By: Creamer Media Reporter

Mining and commodity trading company Auric Mining has entered into a letter agreement, subject to due diligence, to acquire the 180 000 t/y Burbanks gold processing facility and related assets and... 


The Ekati mine
Burgundy sold $93m of diamonds in its fourth quarter sales cycles
17th December 2024 By: Creamer Media Reporter

ASX-listed Burgundy Diamond Mines, which operates the Ekati mine in Canada, generated revenue of $93-million from two sales cycles in the fourth quarter. Its October sales cycle generated... 


Victory signs nonbinding MoU with Sumitomo for potential offtake of rare earths
17th December 2024 By: Creamer Media Reporter

ASX-listed Victory Metals has signed a strategic nonbinding memorandum of understanding (MoU) with integrated trading and investment company Sumitomo Corporation. The MoU outlines the proposed... 


Jubilee's Roan operation
Jubilee facing production issues in Zambia amid power outages
17th December 2024 By: Simone Liedtke

Diversified metals processor Jubilee Metals, which has operations in South Africa and Zambia, has reported increased disruptions at its Roan facilities, in Zambia, owing to unplanned power outages... 


Novo Resources to acquire two NSW gold projects
17th December 2024 By: Creamer Media Reporter

ASX- and TSX-listed Novo Resources Corp has entered into binding term sheets with fellow ASX-listed companies TechGen Metals and Manhattan Corporation to acquire their respective John Bull and... 


Nioko proposes buyout of Hummingbird amid the latter’s financial struggles
17th December 2024 By: Simone Liedtke

African investment company CIG's wholly-owned subsidiary Nioko Resources Corporation has announced a recommended cash offer to acquire debt-ridden Aim-listed Hummingbird Resources, aiming to... 


A work camp at the Tiris project
Aura raises A$9m to advance Tiris development activities
17th December 2024 By: Creamer Media Reporter

ASX- and Aim-listed Aura Energy has received firm commitments to raise about A$9-million through the issue of 64.28-million shares at an issue price of A$0.14 a share. Proceeds will be used to... 


Blyvoor gold
Restarted Blyvoor gold mine is on the way back up on Joburg’s West Rand
17th December 2024 By: Martin Creamer

Blyvoor gold mine, the restarted underground Witwatersrand gold mine west of Johannesburg, is on the way back up. South African mining company Aurous Resources reported on Monday, December 17, that... 


Interim study confirms Phalaborwa project’s viability
17th December 2024 By: Simone Liedtke

The findings of an interim study at miner Rainbow Rare Earths’ Phalaborwa project, in South Africa, has confirmed the project’s viability and “exceptional economics”, despite two years of... 


Iron-ore stockpiles in Pilbara
BlueScope, BHP, Rio Tinto to build ESF pilot plant to decarbonise Australian steel industry
17th December 2024 By: Simone Liedtke

The Kwinana Industrial Area, in Western Australia, has been selected as the location for Australia’s largest ironmaking electric smelting furnace (ESF) pilot plant. The project combines the... 


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