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South America

Citi chops back copper forecasts as Trump’s trade tariffs loom
Citi chops back copper forecasts as Trump’s trade tariffs loom
9th December 2024 By: Bloomberg

Copper looks set to struggle as extra US trade tariffs from the Trump administration and economic risks in China drag on consumption and prices next year, according to Citigroup. The metal —... 


Green SmeltDirect uses 70% less electricity.
Thrilling new home-grown technology can win back South Africa’s lost ferroalloy renown
6th December 2024 By: Martin Creamer

New Proudly South African smelting technology, which uses 70% less electricity, cuts costs, slashes carbon emissions and can process low-grade material, has all the attributes needed to win back... 


Antofagasta, Jiangxi agree major drop in 2025 copper TC/RCs, sources
6th December 2024 By: Reuters

Chilean miner Antofagasta and Jiangxi Copper have agreed significantly lower copper concentrate processing fees for 2025, four sources with knowledge of the matter told Reuters on Thursday. The... 


Wheaton subsidiary acquires gold stream over Allied Gold’s Ethiopian project
6th December 2024 By: Tasneem Bulbulia

Canadian multinational Wheaton Precious Metals’ (WPM's) wholly-owned subsidiary Wheaton Precious Metals International (WPMI) has entered into a definitive precious metals purchase agreement with... 


The move marks the first major overhaul since Shaun Usmar joined Vale Base Metals as CEO in October.
Vale Base Metals to make dozens of job cuts in management cull
6th December 2024 By: Bloomberg

Vale’s base metals subsidiary will let go of dozens of managers to simplify its corporate structure and improve performance, according to people familiar with the matter. The job cuts are part of... 


Chile doubles number of lithium sites open to investment
Chile doubles number of lithium sites open to investment
6th December 2024 By: Reuters

Chile has designated six more sites where private companies are eligible to extract lithium, adding to six previously announced, the mining ministry said on Thursday. Chile, the world's No. 2... 


Kraftblock co-founder and CEO Dr Martin Schichtel.
Mines urged to fill renewables gaps with green electrons from on-site waste heat
5th December 2024 By: Martin Creamer

Mines using renewable energy are being encouraged to harvest and store heat wasted during minerals processing and to then use its green electrons to close renewables intermittency gaps that come... 


Gold bulls’ ranks swell as Macquarie raises forecasts for 2025
Gold bulls’ ranks swell as Macquarie raises forecasts for 2025
5th December 2024 By: Bloomberg

Gold has scope to push higher next year, likely hitting a record, as the Federal Reserve cuts rates and central banks add bullion to reserves, according to Macquarie Group. The precious metal may... 


Employee working at a nickel smelter
$5.4tr investment in mining needed by 2035 to meet new energy demand – report
4th December 2024 By: Darren Parker

A new report published by the Future Minerals Forum states that an estimated $5.4-trillion in investments is required by 2035 to meet the growing demand for key materials in the mining and metals... 


Dr Nombasa Tsengwa.
Exxaro places CEO on precautionary suspension with immediate effect
4th December 2024 By: Martin Creamer

Dr Nombasa Tsengwa, the CEO of Johannesburg Stock Exchange-listed Exxaro Resources, has been placed on precautionary suspension with immediate effect, pending the outcome of an independent... 


Outgoing Harmony Gold CEO Peter Steenkamp.
Green loan underpinning latest Harmony Gold renewable-energy project in North West
4th December 2024 By: Martin Creamer

A R1.5-billion green loan facility secured in 2022 is the significant funding underpin of three solar PV renewable-energy plants being constructed by Harmony Gold at its large Moab Khotsong gold... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto reinforces strategy for diversified growth, targets 1Mt/y of copper
4th December 2024 By: Mariaan Webb

Rio Tinto, one of the world’s largest mining companies, has reaffirmed its goal of producing one-million tonnes a year of copper by the end of the decade, as part of its strategy to become a global... 


Rio Tinto unveils initial resources and reserves for Rincon
4th December 2024 By: Creamer Media Reporter

Diversified mining company Rio Tinto on Wednesday announced initial mineral resources and ore reserves for its Salar del Rincon lithium brine deposits in Argentina. The initial mineral resources... 


Chile aims to invest $83bn in mining through 2033, newspaper says
4th December 2024 By: Reuters

Chile plans to invest about $83.18-billion from this year through 2033, state-run agency Cochilco said in a study cited in a newspaper report on Tuesday, an increase of 27% from last year's... 


McEwen Copper secures enviro permit for Los Azules copper project
McEwen Copper secures enviro permit for Los Azules copper project
3rd December 2024 By: Creamer Media Reporter

McEwen Copper, a subsidiary of NYSE-listed McEwen Mining, has received approval for the environmental impact assessment (EIA) of its Los Azules copper project in San Juan, Argentina. The... 


Vale to produce up to 335Mt of iron-ore in 2025
Vale to produce up to 335Mt of iron-ore in 2025
3rd December 2024 By: Reuters

Brazilian miner Vale said on Tuesday it expects to produce between 325-million and 335-million metric tons of iron-ore in 2025, following an output of about 328-million tons this year. Vale, one... 


Exxaro Financial Director Riaan Koppeschaar.
Global investor sentiment towards South Africa much better in 2024, Exxaro reports
3rd December 2024 By: Martin Creamer

Global investor sentiment towards South Africa improved significantly in 2024, Exxaro FD Riaan Koppeschaar reported on Tuesday, December 3. In a pre-close message for the financial year ending... 


Minas Rio in Brazil
Anglo American integrates Vale’s Serpentina resource into Minas Rio
3rd December 2024 By: Mariaan Webb

Diversified miner Anglo American has completed the transaction to incorporate the Serpentina iron-ore resource into its Minas-Rio operation in Brazil, the company announced on Monday. The deal,... 


GoviEx proactive in its approach to ESG ahead of mining at Muntanga
2nd December 2024 By: Marleny Arnoldi

Canadian mining company GoviEx Uranium states in its latest ‘Sustainability 2024’ report that it is taking a precautionary approach to environment and social risks, devising strategies that... 


Platinum metals support every step of the green hydrogen fuel cell economy.
Platinum demand outlook lifted higher by series of new global hydrogen fuel cell buildouts
2nd December 2024 By: Martin Creamer

The outlook for platinum group metals (PGM) demand has been uplifted by a series of new developments in the field of platinum-catalysed green hydrogen generation as well as concomitant fuel cell... 


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.... 


Gold slips as Trump’s BRICS currency warning boosts US dollar
Gold slips as Trump’s BRICS currency warning boosts US dollar
2nd December 2024 By: Bloomberg

Gold eased, pressured by a rising US dollar after President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new... 


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... 


Peru votes to extend informal mining permits for six more months
Peru votes to extend informal mining permits for six more months
2nd December 2024 By: Reuters

Peru’s Congress voted late on Friday to extend for six months a controversial permit that allows informal mines to operate in the country. The permit, known as Reinfo, is opposed by most of the... 


The El Teniente copper mine
Top copper miner Chile gets back to pre-pandemic output levels
2nd December 2024 By: Bloomberg

Chile registered its biggest month of copper production this year, and the best October since before the pandemic, as the biggest supplier of the wiring metal recovers from project setbacks. Mines... 


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... 


CleanTech Lithium taps Tony Esplin as CEO ahead of 2025 ASX listing
CleanTech Lithium taps Tony Esplin as CEO ahead of 2025 ASX listing
29th November 2024 By: Mariaan Webb

Explorer and developer CleanTech Lithium has announced the appointment of Australian national Tony Esplin as CEO designate. His appointment comes as the company sets its sights on an ASX listing in... 


Codelco reaches contract agreement with project unit employees
29th November 2024 By: Reuters

Chile's State-owned miner Codelco, the world's largest copper producer, said on Thursday it had reached a new collective bargaining agreement with the union in charge of developing some of its most... 


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... 


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... 


Bolivia says China's CBC to invest $1bn in lithium plants
27th November 2024 By: Reuters

Bolivia's government and Chinese consortium CBC, which includes battery manufacturer CATL, have signed an agreement for CBC to build two direct lithium extraction plants for at least $1-billion,... 


Ecuador mineral exports could fall by some 20% this year, recover next year-official
27th November 2024 By: Reuters

Ecuador's mineral exports could fall by some 20% year-on-year, mining vice-minister Rebeca Illescas told an industry conference on Tuesday, as power cuts and delays in giving export licenses hit... 


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... 


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