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USSM selected for potential $400m funding from Exim
USSM selected for potential $400m funding from Exim
12th August 2024 By: Creamer Media Reporter

St Louis, Missouri-based US Strategic Minerals (USSM) has received a nonbinding letter of interest from the Export Import Bank of the US (Exim) for a potential debt funding package of... 


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... 


IGO negotiating potential Forrestania deal with Medallion
IGO negotiating potential Forrestania deal with Medallion
8th August 2024 By: Mariaan Webb

Nickel and lithium miner IGO is negotiating a potential transaction with Medallion Metals to divest of the Cosmic Boy processing facility and infrastructure at the Forrestania Nickel project.... 


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... 


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... 


Centaurus ups Jaguar resource estimate
6th August 2024 By: Darren Parker

Australia-listed Centaurus Metals has announced a significant increase in both the size and confidence levels of the mineral resource for its flagship 100%-owned Jaguar nickel sulphide project in... 


The Greenbushes lithium mine is the cornerstone of IGO's growth.
‘Too big to fail’ lithium to remain crucial amid market uncertainties, says IGO’s Vella
6th August 2024 By: Mariaan Webb

Lithium will continue to play a key role in the future of battery technology and in the broader energy transition, despite significant market uncertainties, according to Australian miner IGO MD... 


Lundin secures additional $350m to increase stake in Chilean miner
5th August 2024 By: Marleny Arnoldi

TSX-listed Lundin Mining has closed a term loan of $350-million in addition to an existing $1.75-billion revolving credit facility. The term loan matures on July 27, 2027.  


WA gold companies shine but critical minerals pull index down
WA gold companies shine but critical minerals pull index down
5th August 2024 By: Creamer Media Reporter

Gold-focused Western Australia companies have shone in 2024, with strong prices driving merger and acquisition (M&A) activity, while prices for some critical minerals, including lithium and rare... 


Australian critical mineral explorers, developers and producers face uncertainty - Deloitte
Australian critical mineral explorers, developers and producers face uncertainty - Deloitte
5th August 2024 By: Creamer Media Reporter

The global trade and investment environment for critical minerals is rapidly changing and Australian critical mineral explorers, developers and producers need to understand the implications for... 


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... 


Tanzania launches $3.1bn railway in drive to boost infrastructure
2nd August 2024 By: Reuters

Tanzania on Thursday launched a 541 km modern standard gauge railway running between its administrative and commercial capitals, built by a Turkish firm as part of a government drive to improve... 


Utshalo founder Paul Miller.
Orion’s capital-raising success kindling hopes of greater small-end investment in mining
1st August 2024 By: Martin Creamer

The capital-raising success that emerging copper and zinc mining company Orion Minerals achieved is kindling high hopes that smaller South African shareholders will be facilitated to play a greater... 


Tanzania agrees to $90m settlement in dispute with Indiana Resources
31st July 2024 By: Tasneem Bulbulia

Tanzania has agreed to pay $90-million in settlement of an International Centre for Settlement of Investment Disputes (ICSID) dispute with ASX-listed Indiana Resources. The dispute was the subject... 


Glencore CEO Gary Nagle.
Glencore expects to be able to announce coal, carbon steel demerger decision next week
30th July 2024 By: Martin Creamer

Diversified mining and marketing company Glencore expects to be able to announce the decision of the board regarding the potential demerger of its coal and carbon steel materials business next... 


Teck's Highland Valley copper operations in Canada
Teck draws M&A attention from big miners in rush for copper
29th July 2024 By: Bloomberg

The world’s biggest miners are back in serious dealmaking mode and Teck Resources is taking center stage. The Canadian miner, which has exited its coal business with a sale this month to Glencore,... 


Vale says Q2 net profit triples, iron-ore sales up
Vale says Q2 net profit triples, iron-ore sales up
26th July 2024 By: Reuters

Brazilian miner Vale, one of the world's largest iron-ore producers, said on Thursday its second-quarter net profit soared to $2.77-billion, triple the year-earlier period and above analyst... 


Eramet's SLN subsidiary in New Caledonia
Eramet lifts profit outlook on manganese rally, says nickel market tough
26th July 2024 By: Reuters

Eramet raised its outlook for full-year core earnings on Thursday due to a jump in manganese prices, though the French miner expected the nickel market to remain tough after it contributed to a... 


Anglo American CE Duncan Wanblad.
Anglo's eyes are firmly on a copper, iron-ore and crop nutrient prize
25th July 2024 By: Martin Creamer

By the end of 2025, the new Anglo American is going to be focused 100% on copper, iron-ore and crop nutrient mining. By that time, the demerged Johannesburg Stock Exchange-listed Anglo American... 


Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa supports beneficiation where the economics make sense
24th July 2024 By: Martin Creamer

Minerals Council South Africa, whose members account for 90% of this country's annual mineral production by value, supports beneficiation where the economics make sense. “Therefore, we welcome the... 


mining truck underground
Production now under way at FQM’s Enterpise nickel mine in Zambia
24th July 2024 By: Darren Parker

TSX-listed First Quantum Minerals (FQM) has declared commercial production, as of June 1, at the Enterprise nickel mine, which is 12 km from the company’s Sentinel copper mine in the North-Western... 


Shaun Usmar
Usmar appointed Vale Base Metals CEO
23rd July 2024 By: Creamer Media Reporter

Shaun Usmar, an international mining executive with more than 30 years’ experience, has been appointed CEO of Vale Base Metals (VBM). Usmar, a past Barrick Gold CFO and former Xstrata executive,... 


Western miners push for higher metals prices to ward off Chinese rivals
Western miners push for higher metals prices to ward off Chinese rivals
22nd July 2024 By: Reuters

The only US cobalt mine sits fallow in the northern Idaho woods, a mothballed hunk of steel and dirt that is too expensive for its owner to operate because Chinese rivals have flooded global... 


Kingrose says exploration under BHP alliance in full swing
Kingrose says exploration under BHP alliance in full swing
19th July 2024 By: Mariaan Webb

Exploration activities under Kingrose Mining’s alliance agreements with BHP in Norway and Finland are in full swing, says Kingrose MD Fabian Baker. These programmes have been designed with the... 


Nornickel weighs projects in new top market China
Nornickel weighs projects in new top market China
19th July 2024 By: Bloomberg

Russia’s biggest miner MMC Norilsk Nickel is weighing several new projects in copper, nickel and palladium in China as sanctions make cross-border payments and shipments increasingly difficult.... 


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.... 


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... 


Vale sees iron-ore output at high-end of 2024 guidance after Q2 rise
Vale sees iron-ore output at high-end of 2024 guidance after Q2 rise
17th July 2024 By: Reuters

Brazilian miner Vale expressed confidence on Tuesday that it would reach the high-end of its 2024 guidance for iron ore production after output increased in the second-quarter. The company, one of... 


QPM receives state govt grant for TECH project
15th July 2024 By: Creamer Media Reporter

The Queensland government has granted Queensland Pacific Metals an A$8-million grant to advance its Townsville Energy Chemicals Hub (TECH) project towards investment readiness Queensland has... 


Western Mines secures A$6m at-call facility for nickel project
15th July 2024 By: Creamer Media Reporter

Minerals exploration and development company Western Mines has secured a new funding facility to advance drilling at the Mulga Tank nickel/copper/cobalt/platinum group elements project in Western... 


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