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Golden Shield walks away from Tucano deal
Golden Shield walks away from Tucano deal
14th October 2024 By: Mariaan Webb

Canadian company Golden Shield has announced the termination of an agreement to acquire private company Tucano Gold. Through the proposed transaction, first mooted in July, Golden Shield would... 


Rio Tinto CEO Jakob Stausholm
Rio takes step toward M&A redemption with $6.7bn lithium bet
14th October 2024 By: Bloomberg

A little over a decade ago, Rio Tinto Group was reeling from the impact of disastrous investments. First, the bruising top-of-the-market purchase of aluminum group Alcan, and then the ill-conceived... 


Explorer Founders upsizes bought-deal financing
11th October 2024 By: Creamer Media Reporter

Canada-based exploration company Founders Metals has upsized its previously announced bought-deal financing to C$20-million, citing strong demand and oversubscription. The company previously... 


Codelco copper production up 10% in August
11th October 2024 By: Reuters

Chilean state miner Codelco produced 10.1% more copper in August compared to a year earlier, the Andean country's Cochilco copper commission said on Thursday, producing 125 300 t while other major... 


Giyani's K.Hill project
Giyani retains most prospective licences in Botswana with new promising targets
10th October 2024 By: Marleny Arnoldi

TSX-V-listed Giyani Metals Corporation has identified multiple new manganese oxide ore targets at its K.Hill project, in Botswana. The company has also successfully renewed six of its seven... 


Mantengu chairperson Jonas Tshikundamalema
Dormant PGMs, chrome mine acquired by job-creating JSE AltX-listed resource investor
10th October 2024 By: Martin Creamer

Johannesburg Stock Exchange AltX-listed company Mantengu Mining has been provided with a platinum group metals (PGMs) and chrome mining industry opportunity by PGMs major Sibanye-Stillwater, the... 


Sibanye-Stillwater loses suit over $1.2bn Brazil nickel deal
10th October 2024 By: Mariaan Webb

A High Court in London has ruled that Sibanye-Stillwater, listed on the JSE and NYSE, is liable for damages following the termination of a $1.2-billion agreement with investment advisor Appian... 


Rio Tinto’s ‘bite-sized’ Arcadium acquisition makes sense – CreditSights
Rio Tinto’s ‘bite-sized’ Arcadium acquisition makes sense – CreditSights
10th October 2024 By: Mariaan Webb

Diversified major Rio Tinto’s move to acquire Arcadium Lithium in an all-cash transaction of $8.85 a share makes strategic sense, allowing the major to quickly increase exposure to the key energy... 


Rio arrives in lithium with a survival-of-the-fittest mentality
Rio arrives in lithium with a survival-of-the-fittest mentality
10th October 2024 By: Bloomberg

Rio Tinto is muscling in on the lithium market after a precipitous price collapse for the battery metal, betting it can build a portfolio of huge, low-cost mines that will outlast weaker rivals.... 


Nicky Oppenheimer
Recycle like there’s no tomorrow, big screen at Oppenheimer event urges attendees
9th October 2024 By: Martin Creamer

Recycle like there’s no tomorrow were the urging words flashed across the large screen at the thirteenth Oppenheimer Research Conference, where long-time former diamond mining luminary Nicky... 


Ranking the world's top lithium producers
Ranking the world's top lithium producers
9th October 2024 By: Reuters

Rio Tinto said on Wednesday it would acquire Arcadium Lithium for $6.7-billion in an all-cash deal that would make it one of the world's largest lithium producers. The global miner would gain... 


Anglo American CE Duncan Wanblad
Sustainable mining possible and necessary for global growth – Wanblad
9th October 2024 By: Schalk Burger

The mining industry is experiencing a period of unprecedented and protracted change, and many in the mining industry are facing considerable challenges as many commodities are facing revenue... 


Jakob Stausholm addressing a briefing on Rio Tinto's acquisition of Arcadium Lithium.
Rio Tinto locks in lithium future with $6.7bn counter-cyclical deal
9th October 2024 By: Mariaan Webb

In a counter-cyclical move, Rio Tinto on Wednesday announced a $6.7-billion acquisition of Arcadium Lithium, propelling the world’s second-biggest miner into the ranks of major lithium producers.... 


Vale swaps head of iron-ore business
9th October 2024 By: Reuters

Brazilian miner Vale on Tuesday swapped out its head of iron-ore solutions, the first major change in leadership since CEO Gustavo Pimenta started in his role earlier this month. Vale's current... 


Nyanza Light Metals  CEO Donovan Chimhandamba.
$860m ilmenite beneficiation project enters bulk earthworks phase at Richards Bay IDZ
8th October 2024 By: Martin Creamer

The bulk earthworks phase of the Nyanza Light Metals plant to advance ilmenite up the value curve as titanium dioxide (TiO2) pigment has begun at the Richards Bay Industrial Development Zone... 


Investors with $15tr signal new approach to miners
Investors with $15tr signal new approach to miners
8th October 2024 By: Bloomberg

Investors need to adopt a new approach to the mining sector if that industry is to meet the growing demand for minerals and metals needed for the green transition. That’s the central message in a... 


Hudbay settles long-standing Guatemala lawsuits
Hudbay settles long-standing Guatemala lawsuits
8th October 2024 By: Mariaan Webb

Toronto-listed miner Hudbay Minerals has reached a final settlement in three long-standing civil lawsuits brought against the company concerning alleged incidents in Guatemala in 2007 and 2009. The... 


Mogale Tailings Retreatment operations manager Oriel Shikwanbana
Contract route saves gold project R300m, local tech takes tanks out of critical path
7th October 2024 By: Martin Creamer

The contract route chosen to recover gold from the mine dumps of the West Rand’s Mogale City reduced the project cost by R300-million. In addition, the technical prowess of a Krugersdorp... 


Iron-ore pushes higher on hopes more China stimulus is coming
Iron-ore pushes higher on hopes more China stimulus is coming
7th October 2024 By: Bloomberg

Iron-ore rose — following two sharply weekly gains — on speculation China’s top economic planner will unveil more stimulus measures at a press briefing on Tuesday morning. The steelmaking staple... 


Barrick's North Mara mine, in Tanzania
Barrick, Tanzania govt joint venture producing bulk of country’s mining revenue
7th October 2024 By: Marleny Arnoldi

Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corporation, has grown to contribute 51% of government’s revenue from the extractive industry. Tanzania... 


Pan African group ESG manager Barry Naicker
Pan African taking the wild out of the west as gold recovery uplifts the local community
4th October 2024 By: Martin Creamer

When the Mining Weekly team of three arrived at the initial sod-turning event of Pan African Resources’ gold-from-dumps project just over a year ago, the area west of Johannesburg looked a little... 


Anglo American CEO Duncan Wanblad
Anglo American not a sitting duck after breakup, CEO says
4th October 2024 By: Reuters

Anglo American will not be an "inevitable" takeover target after its unbundles its diamond, platinum, nickel and coal assets, CEO Duncan Wanblad said on Thursday. The mining giant is restructuring... 


 Pan African CEO Cobus Loots
Pan African’s masterstroke gold operation gets going under budget, ahead of schedule
3rd October 2024 By: Martin Creamer

The biggest takeaway from the hugely profitable Mogale tailings retreatment (MTR) operation, which was commissioned west of Johannesburg by Pan African Resources on Thursday, is that one can make a... 


Newmont's Tom Palmer
Newmont’s Palmer takes reins as ICMM chair
3rd October 2024 By: Creamer Media Reporter

The International Council on Mining and Metals (ICMM) has announced Tom Palmer, president and CEO of Newmont, as its new chairperson. He succeeds Iván Arriagada, CEO of Antofagasta Minerals, and... 


Glencore’s Rowland appointed copper association chair
3rd October 2024 By: Creamer Media Reporter

Glencore’s Steven Rowland has been appointed as the chairperson of the International Copper Association (ICA). He is succeeding Teck COO Shehzad Bharmal, who served as ICA chairperson for the last... 


Brazilian state to host COP30 climate summit defends gold mining rules
3rd October 2024 By: Reuters

The Brazilian state of Pará, which will host the COP30 global climate talks next year in the Amazon, is defending local regulations that encourage illegal gold mining, according to documents in... 


Vale backs Brazil critical minerals fund in nod to government
3rd October 2024 By: Bloomberg

Vale is committed to investing in Brazil’s first fund to support critical minerals as it seeks to diversify, the new chief of the world’s No. 2 iron-ore supplier said Wednesday. Vale has 90% of... 


Vale CEO Gustavo Pimenta
Vale's new boss pledges to grow copper output after falling behind rivals
3rd October 2024 By: Reuters

Brazilian miner Vale aims to boost its copper production, the company's new CEO said on Wednesday, conceding it has lost ground to its competitors in output of the key industrial metal. Vale is a... 


Eskom chairperson Dr Mteto Nyati
South Africa needs to transition to renewable energy, Eskom chair tells Joburg Indaba
2nd October 2024 By: Martin Creamer

South Africa needs to transition into renewable energy in a way that continues to protect the country’s energy availability, Eskom chairperson Dr Mteto Nyati told the Joburg Indaba on Wednesday.... 


Haul trucks at a mine in Burkina Faso
Decarbonisation key to achieving operational excellence in mining, metals – report
2nd October 2024 By: Darren Parker

Decarbonisation is key to achieving operational excellence for metals and mining companies, professional services firm KPMG’s latest ‘Metals and Mining Outlook’ has revealed. The report, published... 


Manganese Metal Company Marketing Executive Madelein Todd.
Battery manganese project begins in Mpumalanga, orders placed for long-lead items
1st October 2024 By: Martin Creamer

Manganese Metal Company (MMC) of Mbombela is on its way to becoming a Western world beater in the supply of high-purity manganese sulphate monohydrate for battery electric vehicles (BEVs). MMC’s... 


Mining industry highlights lack of capacity, capital to support energy transition as key risk in 2025
Mining industry highlights lack of capacity, capital to support energy transition as key risk in 2025
1st October 2024 By: Darren Parker

The mining and metals sector needs to accelerate growth and build additional capacity to support the energy transition. This trend, alongside the need to maintain capital discipline, has elevated... 


Goldman Sachs raises gold price forecast to $2 900/oz for early 2025
Goldman Sachs raises gold price forecast to $2 900/oz for early 2025
30th September 2024 By: Reuters

Goldman Sachs on Monday raised its gold price forecast to $2 900/oz from $2 700/oz for early 2025 citing gradually rising ETF flows with interest rate cuts in the West and China, and higher central... 


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