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South America

Hochschild CEO Eduardo Landin
Hochschild reports strong Q3 performance, on track for 2024 goals
23rd October 2024 By: Mariaan Webb

London-listed Hochschild Mining on Wednesday announced a significant jump in its third-quarter production, delivering attributable output of 96 327 gold equivalent ounces (GEO) and eight-million... 


INB'S Engenho uranium mine
Brazil seeks to woo partners in revived ambition to uncover uranium riches
23rd October 2024 By: Bloomberg

Brazil is looking to attract mining companies to help revive the country’s uranium exploration and production efforts as the world signals renewed appetite for nuclear power. Latin America’s... 


Dam disaster deal should curb lawsuits against Vale and BHP, sources say
Dam disaster deal should curb lawsuits against Vale and BHP, sources say
23rd October 2024 By: Reuters

An agreement by Vale, BHP and their joint venture Samarco to pay 170-billion reais ($29.85-billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits... 


Former Gullick South Africa Technical Manager Terry Hamilton (right) interviewed by Mining Weekly's Martin Creamer.
Water power is there for the taking in many underground mines
22nd October 2024 By: Martin Creamer

Water power is there for the taking across a broad spectrum of many of South Africa’s hard-rock underground mines. At a time of high electricity prices, the availability of cooling reservoirs at... 


Iron-ore retreats as mounting concerns on weakening steel demand weigh
Iron-ore retreats as mounting concerns on weakening steel demand weigh
22nd October 2024 By: Reuters

Prices of iron-ore futures fell on Tuesday, weighed down by concerns that demand for the key steelmaking raw material will slide, with steel demand in top consumer China showing signs of... 


Rio2 secures $150m for new Chile gold mine construction
Rio2 secures $150m for new Chile gold mine construction
22nd October 2024 By: Mariaan Webb

Canada-headquartered Rio2 is set to advance the development of Chile’s next gold mine with a secured $150-million construction financing package. The financing includes $120-million from Wheaton... 


Citi stays bullish on gold, hikes price 3-month outlook to $2 800/oz
Citi stays bullish on gold, hikes price 3-month outlook to $2 800/oz
22nd October 2024 By: Reuters

Citi Research raised its three-month forecast for gold prices, citing possible further US labour market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying, it... 


Pan African’s latest R2.5-billion Mogale gold tailing retreatment operation on the West Rand.
Pan African lists new instrument under JSE’s sustainability segment
21st October 2024 By: Martin Creamer

Gold producer Pan African Resources on Monday announced the listing of a sustainability-linked instrument under the sustainability segment of the JSE. Following an oversubscribed bookbuild, Pan... 


BHP trying to avoid responsibility over Brazilian dam collapse, UK court told
BHP trying to avoid responsibility over Brazilian dam collapse, UK court told
21st October 2024 By: Reuters

BHP is cynically trying to avoid its responsibility for Brazil's worst environmental disaster, lawyers representing thousands of victims told London's High Court on Monday, as a lawsuit worth up to... 


Calibre’s Valentine project’s costs rise, FY guidance downgraded
Calibre’s Valentine project’s costs rise, FY guidance downgraded
21st October 2024 By: Mariaan Webb

Construction of the multi-million-ounce Valentine gold mine, in Newfoundland and Labrador, is progressing well, reaching nearly 81% completion by the end of last month, TSX-listed Calibre Mining... 


Steel products stored in a warehouse
China’s steel demand has shrunk to less than half global total
21st October 2024 By: Bloomberg

China will account for less than half of global steel consumption in 2024 for the first time in six years, according to the World Steel Association, as the decline in the country’s real estate... 


Vale-BHP mine disaster deal moves closer to settlement in Brazil
Vale-BHP mine disaster deal moves closer to settlement in Brazil
21st October 2024 By: Bloomberg

Miners Vale and BHP are a step closer to finalising a deal with Brazilian authorities to provide a multibillion-dollar settlement for one of the country’s worst mining disasters. Ongoing... 


BHP faces $47bn UK lawsuit over Brazilian dam collapse
BHP faces $47bn UK lawsuit over Brazilian dam collapse
21st October 2024 By: Reuters

A hearing in a lawsuit against BHP over Brazil's worst environmental disaster, the 2015 collapse of the Mariana dam, will begin at London's High Court on Monday, with claimants seeking up to... 


komati power station with solar panels in front
German energy expert says energy transition a mistake
18th October 2024 By: Darren Parker

The energy transition in its current form, as a grid-scale build out of wind and solar with the goal to replace oil, coal, and gas, is probably one of the greatest mistakes that humanity has ever... 


Spot gold tops $2 700 as metal extends its record-breaking run
Spot gold tops $2 700 as metal extends its record-breaking run
18th October 2024 By: Bloomberg

Gold topped $2 700 an ounce for the first time, as an escalating conflict in the Middle East saw traders flock to safety. Bullion reached climbed as much as 0.3% to $2 700.47/oz, after Israel said... 


Gold rallies to record with tight US election and data in focus
Gold rallies to record with tight US election and data in focus
17th October 2024 By: Bloomberg

Gold climbed to a record ahead of US data prints due later Thursday, with traders also monitoring an increasingly tight presidential race that’s driven demand for haven assets. Bullion climbed as... 


Iron-ore slumps toward $100 after housing briefing in Beijing
Iron-ore slumps toward $100 after housing briefing in Beijing
17th October 2024 By: Bloomberg

Iron-ore tumbled to a three-week low, a sign that investors doubt whether China’s latest moves to shore up the property market will do enough to boost construction activity and steel demand. China... 


NGEx placement upsized to C$175m
17th October 2024 By: Creamer Media Reporter

Owing to strong demand, Canadian exploration company NGEx Minerals has upsized its previously announced private placement from C$100-million to C$175-million. The TSX-listed firm will now place... 


Brazil reviews caves decree in potential boon for mining and energy
17th October 2024 By: Bloomberg

Brazil is revisiting rules that protect caverns from exploration and development with measures that could help advance energy projects and boost Vale’s iron-ore prospects in the country. “It’s a... 


The Escondida copper mine in Chile
BHP posts strong Q1 iron-ore, copper results
17th October 2024 By: Mariaan Webb

The world’s biggest listed miner, BHP, has reported a robust start to the 2025 financial year, with production increases across all major commodities. Copper production saw a 4% increase, reaching... 


Plant optimisations resulted in a significantly improved performance at  at Pueblo Viejo.
Barrick reports Q3 results, eyes strong finish to 2024
16th October 2024 By: Creamer Media Reporter

NYSE- and TSX-listed Barrick Gold on Wednesday released its preliminary production figures for the third quarter of 2024, revealing gold production of 943 000 oz and copper production of 48 000 t.... 


South Africa's Lion ferrochrome operation.
South Africa remains attractive mining investment destination, China hears
16th October 2024 By: Martin Creamer

The  South African mining industry is diversifying from the gold mining era to an industry with a diverse range of mineral resources that include platinum group metals (PGMs), chrome, manganese,... 


Uranium concentrate
GoviEx demonstrates high recovery rates using simple heap leaping for Muntanga project
16th October 2024 By: Marleny Arnoldi

TSX-V-listed GoviEx Uranium has completed an extensive metallurgical testwork programme at Mintek, in South Africa, which aimed to demonstrate the viability of the company’s heap leach process for... 


Anglo American solar, hydrogen plant at Mogalakwena.
Responsible mining promoted in new global standard initiative
16th October 2024 By: Martin Creamer

Four global metals and minerals mining organisations on Wednesday published a draft consolidated standard that covers a wide range of topics related to responsible mining practices. The Copper... 


NGEx to raise C$100m for exploration projects
16th October 2024 By: Creamer Media Reporter

Copper/gold exploration company NGEx Minerals has announced a C$100-million private placement to advance its projects in the Vicuña district straddling the border between Argentina and Chile. The... 


Los Pelambres
Antofagasta's Q3 copper output jumps 15% sequentially on destocking
16th October 2024 By: Reuters

Chilean miner Antofagasta reported a 15% rise in third-quarter copper output on Wednesday, compared with the previous three-month period, due to destocking of inventories at its Los Pelambres mine... 


Vale posts highest quarterly iron-ore output since 2018
Vale posts highest quarterly iron-ore output since 2018
16th October 2024 By: Reuters

Brazilian miner Vale reported on Tuesday a 5.5% increase in its third-quarter iron-ore production compared to a year earlier, reaching the highest level in almost six years. The company, one of... 


Gold industry sees prices rising to $2 941/oz over 12 months
Gold industry sees prices rising to $2 941/oz over 12 months
16th October 2024 By: Reuters

The price of gold is expected to rise to $2 941 a troy ounce over the next 12 months from the current $2 661, delegates to the London Bullion Market Association's annual gathering predicted on... 


Rio Tinto reported a marked improvement in bauxite output.
Rio Tinto maintains FY guidance, reports steady progress at growth projects
16th October 2024 By: Mariaan Webb

Global mining giant Rio Tinto has reported consistent iron-ore production from its operations in Australia’s Pilbara, with third-quarter output increasing by 1% to 84.1-million tonnes. The company... 


The Bakubang mine shaft.
Wesizwe Platinum audit disclaimer follows funding support delay
15th October 2024 By: Martin Creamer

Owing to the directors of the JSE-listed Wesizwe Platinum not being able to provide major shareholder agreements, its independent auditing company has expressed a disclaimer of review conclusion,... 


Gold bars held by a bank
Central banks remain keen buyers of gold, representatives tell bullion conference
15th October 2024 By: Reuters

Central banks remain keen buyers of gold to diversify their reserves for financial or strategic reasons, representatives of three central banks told the London Bullion Market Association's annual... 


Iron-ore has been in retreat for most of 2024 as a slowdown in China hobbles demand for steel.
Iron-ore drops with leading miners to deliver production reports
15th October 2024 By: Reuters

Iron-ore fell as investors’ attention shifted from China’s plans for stimulus and the outlook for demand to prospects for global supplies, with a procession of leading miners due to deliver... 


Sibanye-Stillwater faces $522m claim over cancelled Brazil mines deal
Sibanye-Stillwater faces $522m claim over cancelled Brazil mines deal
15th October 2024 By: Reuters

Sibanye Stillwater is facing a $522-million compensation claim from investment firm Appian Capital Advisory over the termination of a $1.2-billion deal to buy Appian's Brazilian nickel and copper... 


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