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South America

Peru Congress fires Mining Minister over Bill to curb informal mines
27th November 2024 By: Bloomberg

Peru’s Congress on Tuesday fired the Energy and Mines Minister over a bill the government had introduced to increase oversight on informal miners that had prompted nationwide protests. A majority... 


ICMM president CEO Rohitesh Dhawan
ICMM launches new tools on human rights guidance
26th November 2024 By: Marleny Arnoldi

As the UN hosts the Forum on Business and Human Rights from November 25 to 27, mining and metals advocacy group the ICMM has announced strengthened commitments to recognise the important role of... 


World Platinum Investment Council Director of Research Edward Sterck.
Long-term demand outlook for platinum is robust, ongoing question mark over supply
26th November 2024 By: Martin Creamer

The long-term outlook for platinum from a demand perspective is pretty robust. The question, once again, is whether supply will be adequate to meet it. “In terms of automotive demand, we can't... 


Peru's small miners block highways, camp outside Congress demanding registry extension
26th November 2024 By: Reuters

housands of small-scale miners in Peru blocked roads and camped outside Congress on Monday to demand extension of a programme that allows them to operate temporarily, but which authorities say has... 


Iron-ore being loaded onto a ship
Iron-ore edges higher on firmer steel output, but Trump tariff pledge weighs on market
26th November 2024 By: Reuters

Iron-ore futures ticked up on Tuesday for a second straight session, buoyed by stronger global steel production, although US President-elect Donald Trump's pledge to implement new tariffs when he... 


Rio Tinto-backed lithium tech startup set to raise second round of funds
25th November 2024 By: Reuters

A lithium technology startup backed by Rio Tinto expects to finalise a funding round in the next week to raise A$29-million even as the global lithium market struggles, its Melbourne-based CEO told... 


Anglo American CEO Duncan Wanblad
Anglo American sells rest of Australian coal mines for $3.8bn as part of portfolio reshaping
25th November 2024 By: Mariaan Webb

Diversified mining giant Anglo American announced on Monday the sale of its Australian steelmaking coal mines to Peabody, a US-based coal producer, for $3.8-billion. The move is part of the... 


BHP bets billions on Chile mines to face global copper crunch
BHP bets billions on Chile mines to face global copper crunch
25th November 2024 By: Reuters

BHP Group expects a global copper deficit of 10-million metric tons a decade from now, a shortfall that is driving its plans to spend at least $11-billion at the world's biggest copper mine,... 


AngloGold’s buyout of Centamin effective
22nd November 2024 By: Marleny Arnoldi

Gold miner AngloGold Ashanti’s acquisition of Egypt-focused gold miner Centamin has become effective. Centamin’s share will delist from the TSX and LSE on November 25.  


Underground mine
Challenges in critical minerals supply threaten global energy transitions
22nd November 2024 By: Marleny Arnoldi

An unprecedented surge in demand for critical minerals on the back of global transitions to clean energy is posing significant challenges in meeting these goals, as the critical minerals sector... 


Mexico's proposed higher mining royalties could block $7bn in investments, chamber says
22nd November 2024 By: Reuters

A proposed increase in mining royalties in Mexico could block more than $6.9-billion in investments over the next two years, the industry's local chamber said on Thursday. As part of its budget... 


Solaris is developing the Warwintza copper project in Ecuador
Solaris appoints new CEO as it prepares to exit Canada
22nd November 2024 By: Creamer Media Reporter

TSX- and NYSE-listed Solaris Resources has announced it will complete its exit from Canada by the end of 2024, with its headquarters relocating to Zug, Switzerland, effective January 1, 2025. The... 


Lake Resources chair optimistic despite short-term challenges in lithium market
Lake Resources chair optimistic despite short-term challenges in lithium market
21st November 2024 By: Mariaan Webb

Australia-based Lake Resources chairperson Stu Crow has expressed confidence in the company’s future despite recent downturns in the lithium market, including falling prices, reduced investment,... 


UBS joins Goldman in forecasting that gold’s rally isn’t over
UBS joins Goldman in forecasting that gold’s rally isn’t over
20th November 2024 By: Bloomberg

Gold will rally to $2 900/oz by the end of next year, according to UBS Group, echoing a call from Goldman Sachs Group for further gains as central banks expand their holdings. There’s likely to be... 


Chile lithium miner SQM reports net profit down 73% in Q3
Chile lithium miner SQM reports net profit down 73% in Q3
20th November 2024 By: Reuters

Chile's SQM, the world's second-largest lithium producer, reported a 73% drop in third-quarter net profit on Wednesday, as higher sales volumes failed to offset a sharp decline in average sales... 


Chile's rare salt flat fish faces threat from lithium mining project
20th November 2024 By: Reuters

At more than 3 700 m above sea level, the "karachi" swims happily in dense salt flat waters, but locals worry a future lithium project will endanger this extreme-environment fish. The Orestias... 


A truck carrying coal with a coal-fired power station in the background
Group of nations make COP29 pledge on no new unabated coal power
20th November 2024 By: Bloomberg

A total of 25 countries and the EU are pledging to commit to no new unabated coal power in their next round of national climate plans, the latest global pledge aimed at curbing use of the fuel.... 


Haib copper project area in Namibia
Emerging copper miner Koryx appoints new president, COO
19th November 2024 By: Marleny Arnoldi

TSX-V-listed Koryx Copper has appointed Heye Daun president and CEO effective immediately. Daun will also retain his position as chairperson.  


Heraeus Business Line Hydrogen Systems head Dr Philipp Walter
Far-reaching platinum hydrogen package launched at European Hydrogen Week
18th November 2024 By: Martin Creamer

A new brand that offers a comprehensive portfolio of hydrogen application support off a single platinum group metals (PGMs) company base has been launched at the European Hydrogen Week 2024 by... 


artisinal gold nuggets held by artisinal miner
Russian war machine funded by illicit gold trading, WGC report states
18th November 2024 By: Darren Parker

Russian State-funded private military company (PMC) Wagner Group is one of the greatest beneficiaries of illicit gold trading, a new report published by the World Gold Council (WGC) shows.... 


Mike Henry
Soaring demand for copper will help drive mergers, BHP CEO says
18th November 2024 By: Bloomberg

Soaring demand for copper will require $250billion of investment over the next decade, helping to drive further mergers in the industry, BHP Group CEO Mike Henry said. “New deposits in certain key... 


Goldman says ‘go for gold’ as central banks buy, Fed cuts in ‘25
Goldman says ‘go for gold’ as central banks buy, Fed cuts in ‘25
18th November 2024 By: Bloomberg

Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc., which listed the metal among top commodity trades for 2025 and said... 


Rainbow Rare Earths CEO George Bennett.
South Africa’s rare earths project in Limpopo seen as one of world’s most resilient
15th November 2024 By: Martin Creamer

The rare earths recovery project underway in South Africa’s Limpopo province is regarded as one of the world’s most resilient rare earths projects at a time when these elements are in growing... 


An image showing cement
Sustainable Fitch expands Transition Assessment to mining, steel, cement sectors
15th November 2024 By: Tasneem Bulbulia

Sustainable Fitch, a FitchSolutions company, has launched an expanded Transition Assessment analytical product, through the development of new sector-specific methodologies, covering additional... 


Copper price could fall to $8 500 as Trump win boosts dollar, threatens demand
Copper price could fall to $8 500 as Trump win boosts dollar, threatens demand
15th November 2024 By: Reuters

Copper prices could fall towards $8 500 a metric ton within the next four months on expectations that demand will be hurt by potential trade disruptions when Donald Trump returns to the White House... 


Brazil court clears Vale, BHP and Samarco of criminal charges in 2015 dam collapse
Brazil court clears Vale, BHP and Samarco of criminal charges in 2015 dam collapse
15th November 2024 By: Reuters

A Brazilian federal court ruled miners Vale, BHP Group and their joint venture Samarco are not criminally liable for the deadly 2015 Fundao tailings dam collapse, according to a statement from the... 


Roger Baxter and Johan Odendaal.
South Africa back on investor radar screen, Roger Baxter reports
14th November 2024 By: Martin Creamer

People are sitting up and taking notice of South Africa being very much back on the investment radar screen, Southern Palladium executive chairperson Roger Baxter said on Thursday. This follows the... 


Gold Fields' Cerro Corona mine, in Peru
Gold Fields records quarterly output increases across portfolio
14th November 2024 By: Marleny Arnoldi

JSE-listed Gold Fields made notable operational improvements in the quarter ended September 30, resulting in a 12% quarter-on-quarter increase in output to 510 000 oz and a 3% quarter-on-quarter... 


Lithium in nascent recovery, but longer-term outlook still bleak
Lithium in nascent recovery, but longer-term outlook still bleak
14th November 2024 By: Bloomberg

Lithium is enjoying a mini-revival on an uptick in Chinese electric vehicle demand and supply cuts, although analysts caution there’s still likely to be a surplus of the battery metal in 2025.... 


Beyers Nel
Harmony appoints Beyers Nel CEO, Floyd Masemula deputy CEO
14th November 2024 By: Creamer Media Reporter

Gold miner Harmony Gold Mining Company has appointed Beyers Nel to succeed Peter Steenkamp as CEO, with effect from January 1. Floyd Masemula has also been appointed deputy CEO from January 1,... 


Antofagasta unveils South America's first hydrogen-powered locomotive
Antofagasta unveils South America's first hydrogen-powered locomotive
14th November 2024 By: Creamer Media Reporter

Chile-based copper miner Antofagasta’s transport division, Ferrocarril de Antofagasta a Bolivia (FCAB), has unveiled South America’s first hydrogen-powered locomotive. The new locomotive, which... 


Rio Tinto approves 25 MW solar plant for US copper mine
Rio Tinto approves 25 MW solar plant for US copper mine
14th November 2024 By: Creamer Media Reporter

Mining company Rio Tinto has approved construction of a new 25-MW solar plant at its Kennecott copper operation in Utah, bringing the mine’s total solar capacity to 30 MW. The new solar plant will... 


BHP's Spence mine
BHP set to detail copper growth plans on Chile roadshow, analysts say
14th November 2024 By: Reuters

BHP Group is likely to flesh out plans next week to spend at least $7-billion over the coming years to recover more metal from the world's biggest copper mine, Escondida in Chile, investors and... 


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