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BHP cuts employee incentives after missing its performance goals, AFR reports
BHP cuts employee incentives after missing its performance goals, AFR reports
4th July 2024 By: Reuters

BHP has notified tens of thousands of its workers across the globe that it was cutting their incentive pay after the miner failed to meet its performance goals, the Australian Financial Review... 


Mako completes Goldsource Mines buy
4th July 2024 By: Creamer Media Reporter

Gold mining company Mako has completed its previously announced acquisition of Goldsource. As a result of the transaction, Mako now owns the Eagle Mountain gold project, in Guyana. The Goldsource... 


Vale picks mining veteran to lead base metals turnaround
Vale picks mining veteran to lead base metals turnaround
4th July 2024 By: Bloomberg

Vale has selected veteran mining executive Shaun Usmar to take the helm of its base metals division as the Brazilian metals producer seeks to boost copper and nickel production, according to people... 


Alaska sues to challenge new NPR-A oil and gas leasing rules
Alaska sues to challenge new NPR-A oil and gas leasing rules
4th July 2024 By: Reuters

The state of Alaska on Wednesday said it has filed a lawsuit challenging new federal regulations imposed for oil and gas leasing in the National Petroleum Reserve-Alaska (NPR-A). In April,... 


Codelco sees copper output ticking up in second half of year
Codelco sees copper output ticking up in second half of year
4th July 2024 By: Reuters

Chilean copper mining giant Codelco's output continued to decline year-on-year in the first half of 2024 but should tick up in the second half of this year, the chairman of the State-run miner,... 


Eramet targets November production start at Argentina lithium plant
4th July 2024 By: Reuters

France's Eramet aims to start production at its new Centenario lithium plant in Argentina in November and ramp up to 24 000 metric tons of battery grade lithium by mid-2025, it said on Wednesday... 


Barrick Gold President and CE Dr Mark Bristow, who says Kibali was built on partnerships with its stakeholders.
Renewables component of DRC gold mine’s energy mix to hit 85% next year
3rd July 2024 By: Martin Creamer

The reputation of the large Kibali gold mine, run by Barrick Gold in the Democratic Republic of Congo (DRC), is being significantly enhanced by its far-reaching contribution to the development and... 


Aguia identifies big capex saving at Brazil project
3rd July 2024 By: Mariaan Webb

Phosphate mining company Aguia has identified substantial capital expenditure (capex) savings at the Tres Estrada project, in Brazil, by opting to use a pre-existing treatment plant. The company,... 


Ecuador names new Mines and Energy Minister
3rd July 2024 By: Reuters

Ecuador's government on Tuesday appointed Antonio Goncalves as the country's new Minister of Energy and Mines, meaning he will take over from Transportation Minister Roberto Luque, who held the... 


BASF pulls plug on potential Chile investments amid lithium rout
3rd July 2024 By: Bloomberg

German chemicals giant BASF has abandoned plans to invest in lithium mining assets in Chile as a slowdown in electric-vehicle adoption worldwide drags down battery metal prices. BASF withdrew from... 


African Rainbow Minerals Executive Growth Jacques van der Bijl.
High hopes for potentially game-changing technology at platinum group metal mines
2nd July 2024 By: Martin Creamer

Development of an innovative new mining method for narrow tabular steep dipping orebodies has reached an advanced stage after four years of effort. The reef boring machine that has already been put... 


Southern Copper flags progress at key Peru mine
Southern Copper flags progress at key Peru mine
2nd July 2024 By: Reuters

Miner Southern Copper will likely finish building its Tia Maria copper project in southern Peru in up to two years and then begin production in 2027 if not sooner, CEO Oscar Gonzalez told local... 


India in talks with Africa, Latin America countries for critical mineral blocks, official says
2nd July 2024 By: Reuters

India is in talks with countries in Africa and Latin America to get critical mineral blocks on a government-to-government basis, Veena Kumari Dermal, joint secretary of the Ministry of Mines, said... 


Study confirms Jaguar’s nickel sulphide production potential
Study confirms Jaguar’s nickel sulphide production potential
2nd July 2024 By: Mariaan Webb

Australia-listed Centaurus Metals has announced the results of a feasibility study for the Jaguar nickel sulphide project in northern Brazil, highlighting the strong economics from an initial... 


Vale reports second board exit in four months amid CEO search
Vale reports second board exit in four months amid CEO search
2nd July 2024 By: Reuters

Brazilian miner Vale has lost its second board member in less than four months, it said in a filing on Monday, reporting the resignation of Vera Marie Inkster. Vale, which is in the process of... 


Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen.
Investors very positive on South Africa's unity govt, says Pallinghurst's Arne Frandsen
1st July 2024 By: Martin Creamer

Amongst all our investors, there’s a very broad support for South Africa’s government of national unity initiative, says Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen. “I think it’s... 


Hedge funds are hoarding cobalt amid battery metal slump
Hedge funds are hoarding cobalt amid battery metal slump
1st July 2024 By: Bloomberg

Hedge funds including Anchorage Capital Advisors and Squarepoint Capital have been building positions in cobalt by buying up physical material, as tumbling spot prices and a more liquid futures... 


Argentina is about to unleash a wave of lithium in a global glut
Argentina is about to unleash a wave of lithium in a global glut
1st July 2024 By: Bloomberg

For all the money that’s poured into Argentina’s giant lithium deposits, the country has seen just one new mine come on stream in almost a decade. That’s about to change. Four new projects will... 


Teck's Quebrada Blanca mine, in Chile
Copper supply gets a boost as Chile shows signs of recovery
1st July 2024 By: Bloomberg

Copper production in Chile, the world’s biggest supplier of the wiring metal, is showing signs of recovering from 20-year lows. Output in May was the highest this year, rising more than 8%... 


Southern Copper to restart development of Peru mine on Monday
Southern Copper to restart development of Peru mine on Monday
1st July 2024 By: Reuters

Peruvian copper producer Southern Copper, controlled by Grupo Mexico, plans on Monday to restart development of the long-postponed Tia Maria project, according to an internal document seen by... 


Nutrien says ‘black swan’ jolts are finally easing
Nutrien says ‘black swan’ jolts are finally easing
1st July 2024 By: Bloomberg

The world’s biggest maker of crop nutrients said fertiliser demand is just now starting to stabilise from seismic shocks of the past few years that left the company with wild profit swings. “We’re... 


Tianqi asks Chile regulator to reconsider decision on SQM-Codelco deal
28th June 2024 By: Reuters

China's Tianqi Lithium has appealed Chile's financial regulator to reconsider its decision about the SQM-Codelco lithium deal not needing shareholder approval, the Financial Market Commission... 


Minerals Council CEO Mzila Mthenjane (left) and VP Paul Dunne.
South Africa will be well represented at Shanghai Platinum Week, Minerals Council assures
28th June 2024 By: Martin Creamer

South Africa will be well represented at the upcoming Shanghai Platinum Week 2024, which takes place from July 8 to 11, Minerals Council South Africa VP Paul Dunne has highlighted. This major event... 


Businessmen shaking hands
Dealmakers optimistic on global M&A prospects despite sluggish growth
28th June 2024 By: Reuters

Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions will pick up in the second half of 2024.... 


Mexican President Andres Manuel Lopez Obrador
Mexico to seek deal over disputed mining concession with Chinese lithium firm
28th June 2024 By: Reuters

Mexican President Andres Manuel Lopez Obrador said on Thursday that his government will seek an agreement with Chinese lithium miner Ganfeng while still defending Mexico's rights, after the firm... 


Lake Resources CEO David Dickson
Lake Resources cuts staff, eyes asset sales amid low lithium prices
28th June 2024 By: Reuters

Lithium developer Lake Resources is laying off staff and selling assets as low prices for the electric vehicle battery metal hamper efforts to find customers and investors for its flagship Kachi... 


Pilbara Minerals CEO Dale Henderson keeps his eye on the long-term trajectory.
Lithium producers bullish on long-term demand despite recent price drop
28th June 2024 By: Reuters

The world's largest lithium producers told a major industry conference this week they remain bullish on long-term demand for the electric vehicle battery metal despite the recent price plunge that... 


The aftermath of the collapsed dam
Claimants for deadly Mariana dam collapse file injunction against BHP, Vale
27th June 2024 By: Reuters

Lawyers representing claimants taking legal action over Brazil's worst environmental disaster filed an injunction this week against miners BHP and Vale for "trying to derail" a potential... 


Anglo paid $23.5bn in taxes, economic contributions in 2023
27th June 2024 By: Darren Parker

Diversified mining major Anglo American paid about $23.5-billion in total tax and economic contributions throughout its global operations during 2023, a decrease from about $24.5-billion in 2022.... 


Minerals Council CEO Mzila Mthenjane being interviewed by Mining Weekly.
Mining needs one-stop regulatory environment to boost growth – Minerals Council
27th June 2024 By: Martin Creamer

South African mining needs what is often referred to as a one-stop shop to ensure that an applicant is not sent from one department to the other but goes to one place where the application is... 


Disputed Sigma Lithium land has 'probable' reserves, study shows
Disputed Sigma Lithium land has 'probable' reserves, study shows
27th June 2024 By: Reuters

Sigma Lithium, the biggest player in Brazil's booming lithium industry, told regulators late last year it had found likely mineral reserves on two plots of disputed land, about a month after it... 


New Pacific shares PFS results for Bolivia silver asset
27th June 2024 By: Creamer Media Reporter

Toronto-listed New Pacific Metals has announced the results of its prefeasibility study (PFS) for the Silver Sand project, in Bolivia, confirming its potential to become a high-grade, low-cost pure... 


Meteoric to supply Brazil rare earths magnet factory
26th June 2024 By: Reuters

Rare earth developer Meteoric Resources will collaborate with a regional department of Brazil's Minas Gerais state to explore the production of rare earth magnets, the Australian company said on... 


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