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South America

Citi raises gold forecast to $3 500/oz over next 3 months on negative US outlook
Citi raises gold forecast to $3 500/oz over next 3 months on negative US outlook
4th August 2025 By: Reuters

Citi raised its gold price forecast over next three months to $3 500 per ounce on Monday from $3 300, and the expected trading range to $3 300 to $3 600 from $3 100 to $3 500, on the belief that... 


Vale says ERG Brazil mine investment still not adding up
Vale says ERG Brazil mine investment still not adding up
4th August 2025 By: Bloomberg

Top iron-ore producer Vale continues to weigh an investment in Eurasian Resources Group’s Brazilian mine project, but says it has not yet found a cost-effective way to develop it. “The volume of... 


Peruvian informal miners suspend talks with government due to disagreements in negotiations
4th August 2025 By: Reuters

Informal miners in Peru suspended talks with the government and may resume protests due to disagreements in negotiations, one of the protest leaders said on Friday. CONFEMIN union leader, Maximo... 


Codelco ends El Teniente rescue effort after five miners found dead
Codelco ends El Teniente rescue effort after five miners found dead
4th August 2025 By: Reuters

 All five workers at Chile's El Teniente copper mine who were trapped in a collapse last week have been found dead, miner Codelco said on Sunday, as it vowed to investigate the cause and improve... 


Codelco says it has yet to reach missing workers at El Teniente mine
Codelco says it has yet to reach missing workers at El Teniente mine
1st August 2025 By: Reuters

Chilean copper producer Codelco has still not had contact with five missing workers at El Teniente's Andesita unit following a seismic incident that killed one person, El Teniente's general manager... 


Kibali gold mine in Democratic Republic of Congo.
Soaring free cash flow uplifts AngloGold dividend payout as debt plummets 92%
1st August 2025 By: Martin Creamer

The second-quarter earnings and free cash flow of AngloGold Ashanti more than doubled year-on-year, driven by the high gold price and what the New York- and Johannesburg-listed company highlights... 


Codelco says worker dead, several injured after 'seismic event' at El Teniente mine
1st August 2025 By: Mariaan Webb

Chilean copper miner Codelco said on Thursday that one worker died at the Andesita project of its El Teniente mine after what it called a “seismic event” around 5:30 p.m. local time. The company... 


Capstone Copper hits revenue record in Q2
1st August 2025 By: Mariaan Webb

TSX- and ASX-listed Capstone Copper reported its highest-ever quarterly revenue and adjusted earnings before interest, tax, depreciation and amortisation (Ebitda), buoyed by strong sulphide copper... 


Moody's lowers SQM rating outlook due to lithium uncertainty
Moody's lowers SQM rating outlook due to lithium uncertainty
1st August 2025 By: Reuters

Moody's Ratings affirmed the credit rating of Chilean lithium miner SQM but lowered its outlook to negative from stable due to uncertainty around lithium revenue, the agency said on Thursday.... 


Anglo American CEO Duncan Wanblad.
De Beers is well positioned to thrive as market recovers, Anglo believes
31st July 2025 By: Martin Creamer

The commitment of Anglo American to exit De Beers is unwavering, despite the belief of this secondary-listed Johannesburg Stock Exchange company that its iconic diamond mining and marketing... 


WGC senior markets analyst Louise Street
Strong investor interest drives gold demand higher
31st July 2025 By: Sabrina Jardim

Amid a high price environment, the World Gold Council (WGC) has reported that total gold demand, including over-the-counter investment, increased by 3% year-on-year to 1 249 t for the second... 


Anglo's Quellaveco copper mine in Peru.
Anglo's simplified go-forward business advances with 43% earnings margin outlook
31st July 2025 By: Martin Creamer

In the 2025 transition year, Johannesburg Stock Exchange-listed Anglo American has maintained an earnings before interest, taxes, depreciation and amortisation (Ebitda) margin for its go-forward... 


The Silver Bell mine in Arizona
Grupo Mexico evaluating US investments after scaled-back copper tariff
31st July 2025 By: Reuters

Grupo Mexico, a major copper producer, is looking to decide on investments for projects in the United States within the next three to five years, an executive said on a call on Wednesday, as... 


Valterra Platinum CEO Craig Miller.
Valterra Platinum upping flood defence, envisaging underground trucking, hailing IRMA
30th July 2025 By: Martin Creamer

Platinum group metals (PGM) mining company Valterra Platinum, which experienced severe flooding in the first half of this year at its Amandelbult mine owing to extremely abnormal rainfall, is... 


Rio Tinto CEO sees huge demand growth for lithium
Rio Tinto CEO sees huge demand growth for lithium
30th July 2025 By: Reuters

Rio Tinto CEO Jakob Stausholm said on Wednesday the company sees huge demand growth for lithium, particularly in stationary batteries, after the company reported half-yearly results. "All the... 


Mark Cutifani and Vicente Mello
Cutifani to chair Global Tailings Management Institute
30th July 2025 By: Marleny Arnoldi

The new established Global Tailings Management Institute (GTMI) has appointed Mark Cutifani chairperson and Vicente Mello deputy chairperson. Cutifani is a mining industry stalwart, having led... 


Democratic Republic of Congo Prime Minister Judith Suminwa Tuluka during last month’s visit to Glencore operations in Kolwezi.
Glencore’s half-year copper equivalent production up 5%
30th July 2025 By: Martin Creamer

The copper equivalent production of diversified mining company Glencore rose 5% year-on-year in the six months to June 30 with the integration of the Elk Valley Resources steelmaking coal volumes,... 


Jakob Stausholm
Rio Tinto half-year profit drops 22% as iron-ore prices weigh
30th July 2025 By: Mariaan Webb

Diversified mining major Rio Tinto reported a 22% decline in first-half profit to $4.5-billion as lower iron-ore prices and cyclone disruptions in Australia weighed on performance, despite higher... 


Mining giant Grupo Mexico reports profit bump as copper costs shrink
30th July 2025 By: Reuters

Mining and transportation conglomerate Grupo Mexico reported net profit rose 10% in the second quarter, helped by lower mining costs and a good performance from its copper byproducts business even... 


The midnight sun at the Kevitsa mine in Finland.
Finland regains top spot in global mining investment rankings, Ethiopia ranks last
30th July 2025 By: Mariaan Webb

Finland has reclaimed the top spot as the world’s most attractive jurisdiction for mining investment, climbing 16 places to lead the Fraser Institute’s 2025 Annual Survey of Mining Companies. The... 


Tailings dam
Global Tailings Management Institute to be established in South Africa
29th July 2025 By: Marleny Arnoldi

Mining and metals advocacy group ICMM has advised that its member companies will publish their progress in conforming with the Global Industry Standard on Tailings Management (GISTM) by August 5.... 


Fidelity says $4 000 gold possible as Fed cuts and dollar drops
Fidelity says $4 000 gold possible as Fed cuts and dollar drops
29th July 2025 By: Bloomberg

Gold could hit $4 000/oz by the end of next year as the Federal Reserve lowers interest rates to cushion the US economy, the dollar drops, and central banks keep expanding holdings, according to... 


Kumba Iron Ore CE Mpumi Zikalala.
Kumba Iron Ore reports R7.9bn half-year free cash flow, declares R5.3bn dividend
29th July 2025 By: Martin Creamer

In an environment characterised by global economic uncertainty and market volatility, South Africa’s high-flying Kumba Iron Ore is very well positioned to continue delivering stakeholder value amid... 


Peru mulls green light for $6bn in mining projects
Peru mulls green light for $6bn in mining projects
29th July 2025 By: Reuters

 Peru is considering whether to give the green light to a wave of new mining projects worth a combined $6-billion in investments, President Dina Boluarte said on Monday, as her deeply unpopular... 


Valterra Platinum CEO Craig Miller.
Trial mining on way at promising Sandsloot platinum underground project in Limpopo
28th July 2025 By: Martin Creamer

Platinum group metals (PGM) mining company Valterra Platinum has received board approval to conduct a feasibility study into the development of Sandsloot Underground at the well-endowed Mogalakwena... 


The Los Reyes project
Torex to buy Prime Mining in C$449m deal
28th July 2025 By: Mariaan Webb

Toronto-listed Torex Gold Resources will acquire fellow listed Prime Mining in an all-share transaction valued at about C$449-million, the companies announced Monday. The deal adds the Los Reyes... 


Seriti Green CEO Peter Venn.
Seriti Green has R25bn to deploy in Mpumalanga but can’t get Eskom budget quotes
25th July 2025 By: Martin Creamer

Last week renewable energy company Seriti Green received a budget quote from Eskom that it had applied for as long ago as February 2021 – that's the delay in obtaining collaboration from the State... 


Tom Palmer
Newmont prioritises buybacks and organic growth
25th July 2025 By: Mariaan Webb

Gold mining major Newmont is turning inward, choosing to return cash to shareholders rather than chase new acquisitions, even as improved results bolster free cash flow generation. “Our focus is... 


Latest Teck setbacks in Chile underscore copper supply struggles
Latest Teck setbacks in Chile underscore copper supply struggles
25th July 2025 By: Bloomberg

Teck Resources’ lowered production guidance for its flagship Chilean mine in the latest setback to the Canadian company’s efforts to join the copper big leagues. The sprawling Quebrada Blanca... 


Venetia Diamond Mine in South Africa's Limpopo province.
Higher margins, more cash generation on way, Anglo CEO predicts unequivocally
24th July 2025 By: Martin Creamer

Looking beyond this transitionary year, Johannesburg Stock Exchange-listed Anglo American will emerge as a highly differentiated, higher margin and more cash generative business, Anglo American CEO... 


Japan copper smelters face tough talks with global miners over processing fee
Japan copper smelters face tough talks with global miners over processing fee
24th July 2025 By: Reuters

Japanese copper smelters face tough mid-year negotiations with global miners over treatment and processing charges (TC/RCs) as they wouldn't be able to accept the very low terms that Chinese... 


Kumba Iron Ore CE Mpumi Zikalala.
Higher Kumba iron-ore exports reflect benefit of public-private logistics collaboration
24th July 2025 By: Martin Creamer

The benefit of South Africa’s public-private logistics collaboration is reflected by an increase in South African-mined iron-ore railed from Anglo American’s Kumba to the Port of Saldanha Bay by... 


First Quantum makes progress in Panama, reports lower Q2 output
24th July 2025 By: Mariaan Webb

Canada's First Quantum Minerals has reported further progress at its halted Cobre Panama mine, while in Zambia the miner posted lower second-quarter copper and nickel production. In its June... 


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M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

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Goodwin Submersible Pumps Africa (Pty) Ltd

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