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South America

Vale, BHP, Samarco could close $18bn deal over Brazil dam collapse
9th September 2024 By: Reuters

Mining companies Vale and BHP, together with their joint venture Samarco, may soon reach an agreement with Brazilian authorities to pay around 100-billion reais ($17.87-billion) for the collapse... 


Iron-ore on a conveyor belt
Iron-ore slumps below $90 as growth fears hit commodities
9th September 2024 By: Bloomberg

Iron-ore sank below $90 a ton for the first time since 2022 as industrial commodities faced sustained pressure from tepid Chinese demand and gathering worries over global growth. Futures for... 


African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.
African Rainbow Minerals wants to maximise the equity it has in Harmony Gold
6th September 2024 By: Martin Creamer

The global market is going through a very challenging time right now, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe noted on Friday, when the Johannesburg Stock... 


Gold cubes
Metals Focus reports positive contributions from gold miners globally in 2023
6th September 2024 By: Marleny Arnoldi

Precious metals consultancy Metals Focus finds that combined Scope 1 and 2 greenhouse gas (GHG) emissions from gold mining companies decreased by 5.4% year-on-year in 2023, amounting to 27 249... 


Perpetual MD transitions to exec director role, takes salary cut
6th September 2024 By: Creamer Media Reporter

Robert Benussi, who has been acting in the capacity of MD of Perpetual Resources, will transition to the role of executive director. He also offered to reduce his cash remuneration by 50%, from... 


Codelco buys Enami's 10% stake in Teck's Quebrada Blanca mine
Codelco buys Enami's 10% stake in Teck's Quebrada Blanca mine
6th September 2024 By: Reuters

Chilean State-run miner Codelco has purchased Enami's 10% stake in Teck's Quebrada Blanca mine in northern Chile for $520-million, it said on Thursday. The deal will contribute 25,000 to 30 000... 


Chile's top court rejects Tianqi appeal to halt SQM-Codelco deal
5th September 2024 By: Reuters

Chile's Supreme Court rejected Chinese firm Tianqi's appeal to halt a lithium deal between SQM and State-run Codelco, local newspaper La Tercera reported on Wednesday. Tianqi has argued that the... 


Harmony Gold's green energy plan.
This year's Harmony Gold achievement is incredible, says CEO Steenkamp
5th September 2024 By: Martin Creamer

What Harmony Gold has achieved in the 12 months to June 30 is incredible with the true driver of value being quality gold ounces and a display of capability in regions beyond South Africa, upbeat... 


Iron-ore slides closer to $90 with China’s steel demand at risk
Iron-ore slides closer to $90 with China’s steel demand at risk
4th September 2024 By: Bloomberg

Iron-ore edged closer to its lowest since 2022 as the steelmaking material extended a selloff on fears for China’s crisis-wracked steel industry. Futures in Singapore fell 1.5% to $92.20 a ton by... 


Glencore's Peru boss Soyer to step down after Volcan sale, sources say
4th September 2024 By: Reuters

lencore's head of Peruvian operations is stepping down from her position, according to two sources with knowledge of the matter. Victoria Soyer Toche, the general manager at Glencore Peru, has... 


Cerro de Pasco sells Santander mine
Cerro de Pasco sells Santander mine
4th September 2024 By: Creamer Media Reporter

CSE-listed Cerro de Pasco Resources (CDPR) on Tuesday announced the sale of its Santander mine to a Peruvian investment company controlled by Finanzas e Inversiones Corporativas (FIC). FIC... 


Filo sets date for shareholder vote on BHP and Lundin buyout
4th September 2024 By: Mariaan Webb

Toronto-listed Filo will convene a virtual meeting on September 26 to approve the acquisition by BHP and Lundin Mining. The company says it has mailed and filed a management information circular... 


Butte Energy to buy Argentina silver deposit
Butte Energy to buy Argentina silver deposit
4th September 2024 By: Creamer Media Reporter

TSX-V-listed Butte Energy has its eye on a large, high-grade silver deposit in Argentina. The company on Tuesday announced a letter of intent to acquire a 100% interest in the El Quevar project,... 


Northam’s Eland mine.
Northam sees Eland becoming significant chrome producer in coming years
4th September 2024 By: Martin Creamer

Northam Platinum, which benefits from a full mine-to-market value chain in chrome, sold around 1.3-million tons of chrome for the year, which contributed 12.5%, or R3.8-billion, to the revenue of... 


Codelco bids $500m for stake in key Chilean copper mine
Codelco bids $500m for stake in key Chilean copper mine
4th September 2024 By: Bloomberg

Chile’s Codelco, seeking to retain the title of world’s top copper supplier, made a $500-million offer to buy a stake in a mine run by Teck Resources, people with knowledge of the matter said. The... 


BME MD Ralf Hennecke
BME, Hypex Bio continue to drive environment-friendly explosives
3rd September 2024 By: Marleny Arnoldi

With 20-million tonnes of bulk nitrate-based explosives being used every year in the mining industry, contributing significantly to greenhouse-gas (GHG) emissions, explosives and detonation... 


Fine platinum bars.
Stimulating demand is most consequential action price-hit PGM industry can take
3rd September 2024 By: Martin Creamer

The most consequential action that price-hit platinum group metals (PGM) producers can take as an industry is the stimulation of demand. “But the issue is, are we doing enough to advance the... 


South32 CEO Graham Kerr.
South32’s future outlook has probably never looked brighter, CEO tells Mining Weekly
2nd September 2024 By: Martin Creamer

The future outlook for South32, the mining and metals company spun out of BHP in 2015, has probably never looked brighter, says South32 CEO Graham Kerr. “It's a decade in for the company, and time... 


Teck president and CEO Jonathan Price
Teck unveils new structure to support energy transition metals growth
2nd September 2024 By: Creamer Media Reporter

Canadian mining company Teck Resources has unveiled a new business structure to support its shift to a pure-play energy transition metals company. The restructure, which follows the recent sale of... 


Northam CEO Paul Dunne and diesel power generation.
Northam Platinum enters into 180 MW solar farm agreement at energy-intensive mine
30th August 2024 By: Martin Creamer

Platinum group metals (PGMs) and chrome producer Northam has entered into a power purchase agreement with an independent power producer for an 180 MW solar farm at its Zondereinde PGM mine on the... 


Rio, BYD among prospective Enami lithium partners in Chile
30th August 2024 By: Bloomberg

Rio Tinto Group and BYD were selected among prospective partners to develop lithium assets in Chile as part of efforts to tap more of the world’s biggest reserves of the battery metal despite... 


Mount Marion, in Australia
Lithium bust spurs Ganfeng to delay project capex as losses hit
30th August 2024 By: Bloomberg

Battery-material giant Ganfeng Lithium Group said it would delay spending on projects that do not generate “significant” near-term returns after posting a first-half loss, as the industry faces a... 


AECI sets foundation for growth in Peru with strategic land acquisition
29th August 2024 By: Creamer Media Reporter

As part of its strategy to further internationalise its Mining Service business, manufacturer of explosives and chemicals solutions for mineral processing AECI has acquired a development project in... 


Ecuador starts to shut down oil drilling on nature reserve
29th August 2024 By: Reuters

The Ecuadorean government on Wednesday began the process of shuttering oil wells in the 43-ITT block, located on a vast nature reserve, after voters last year backed a referendum to end drilling in... 


McEwen goes 100% renewable at Los Azules
McEwen goes 100% renewable at Los Azules
29th August 2024 By: Mariaan Webb

The Los Azules copper project, in Argentina, will be fully powered by renewable energy, dual-listed McEwen Mining announced on Wednesday. McEwen Copper, in which McEwen Mining has a 48%... 


More renewables on cards at South Deep gold mine, where 50 MW of solar is making major contribution.
More renewable energy on cards at South Deep – Gold Fields
28th August 2024 By: Martin Creamer

The provision of more renewable energy at the South Deep gold mine 50 km south-west of Johannesburg is under intense scrutiny by Gold Fields, which describes the mine’s two-year-old 50 MW solar... 


Peru grants CDPR approval for tailings exploration project
28th August 2024 By: Creamer Media Reporter

Peru-focused Cerro de Pasco Resources (CDPR) has received authorisation from the Energy and Mines Ministry to initiate exploration activities, marking the first approval for a new mining... 


American Lithium CEO resigns
28th August 2024 By: Creamer Media Reporter

TSX-V- and Nasdaq-listed American Lithium has announced the resignation of Simon Clarke as CEO and director with effect from September 1. He is stepping down to pursue other interests, the company... 


BHP CEO Mike Henry
BHP doubling down on organic growth with ‘Plan A’
28th August 2024 By: Mariaan Webb

The world’s biggest mining company, BHP, is sticking with its ‘Plan A’ of growing organically, CEO Mike Henry told investors this week. “We have been clear throughout that we are not driven by M&A... 


Gustavo Pimenta
Vale's CEO announcement to curb market speculation, says chair
28th August 2024 By: Reuters

Brazilian miner Vale's decision this week to announce a new chief executive sought to avoid further market speculation over other potential candidates, the company's chairman told Reuters on... 


First Quantum seeks damages for copper trapped at Panama mine
28th August 2024 By: Bloomberg

First Quantum Minerals is seeking compensation from Panama for a stockpile of semi-processed copper ore stranded at the company’s flagship mine as part of wider arbitration over the shuttered... 


Master Drilling CEO Danie Pretorius.
Mechanical cutting for mining set to move needle for Master Drilling
27th August 2024 By: Martin Creamer

In the six months to June 30, cash from the operating activities of Master Drilling soared 119.8% to $27.7-million. The revenue pipeline of this Johannesburg Stock Exchange-listed tech-savvy... 


With EVs being three times as copper-intensive as internal combustion engine vehicles, BHP expects the transport sector to account for over 20% of global copper demand by 2040.
BHP sees ‘fly-up’ in copper prices later, but short-term outlook cooler
27th August 2024 By: Mariaan Webb

Diversified mining company BHP has projected a strong outlook for the copper market, forecasting significant price increases due to expected supply deficits in the latter part of the decade. The... 


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