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South America

Union at BHP's Escondida mine says company made 'illegal' offer amid negotiations
Union at BHP's Escondida mine says company made 'illegal' offer amid negotiations
13th August 2024 By: Reuters

The union representing workers at BHP's Escondida mine in Chile told its members on Monday that it would accuse the company of "anti-union practices" for making a contract offer outside of a... 


Barrick Gold reports Q2 profit beat on higher output, prices
Barrick Gold reports Q2 profit beat on higher output, prices
12th August 2024 By: Reuters

Canada's Barrick Gold edged past Wall Street estimates for second-quarter profit on Monday, as the company benefited from higher prices and robust production. Barrick's US-listed shares were up... 


Merafe CEO Zanele Matlala.
Merafe reports R720m half-year profit on higher chrome ore prices, weaker currency
12th August 2024 By: Martin Creamer

Johannesburg Stock Exchange-listed Merafe has reported a profit of R720-million for the six months ended June 30, on higher realised chrome ore prices and a weaker rand:dollar exchange rate. But... 


Gold steadies before US inflation data as recession fears linger
Gold steadies before US inflation data as recession fears linger
12th August 2024 By: Bloomberg

Gold steadied ahead of key US data prints this week, with traders focused on whether they will reinforce bets the Federal Reserve will soon pivot to monetary easing. Bullion was trading near $2... 


Olympic gold medals are worth more than ever after cost of metals surged
Olympic gold medals are worth more than ever after cost of metals surged
12th August 2024 By: Bloomberg

Olympic gold medals are worth more than ever at this year’s Paris games, with the raw materials that go into them having the potential to fetch about $900 each. The medals contain six grams of... 


The judicial review was reportedly against Minister Francois-Philipe Champagane's order seeking a national security review of Jinteng's deal to buy Pan American Silver's assets in Peru.
Chinese mining firm files judicial review against Ottawa
12th August 2024 By: Reuters

Jinteng Mining, a subsidiary of Chinese gold and copper company Zijin Mining Group, has sought a judicial review against Canada's decision regarding a Canadian company's sale of a gold mine in... 


Gold Fields to report lower interim earnings
8th August 2024 By: Creamer Media Reporter

Gold miner Gold Fields expects to report headline earnings per share (HEPS) of between $0.34 and $0.38 for the six months ended June 30 – a 25% to 33% decrease on the HEPS reported for the first... 


ICMM CEO and president Rohitesh Dhawan
Mining companies strengthen their commitment to respect the rights of Indigenous Peoples
8th August 2024 By: Sabrina Jardim

Ahead of the International Day of the World’s Indigenous Peoples, on August 9, mining industry organisation the ICMM’s members have reaffirmed their commitment to respect the rights of Indigenous... 


Seriti Green CEO Peter Venn and Seriti Group CE Mike Teke.
Global energy winners will be those transitioning quickly and effectively
8th August 2024 By: Martin Creamer

When it comes to the energy transition, the countries that implement the strongest energy portfolios and power grids the fastest and most effectively are going to be the winning countries. That is... 


Glencore Group's Astron Energy refuelling station.
Astron’s a terrific asset, ferrochrome’s helping world to decarbonise, says Glencore
8th August 2024 By: Martin Creamer

Astron Energy, which has successfully rebranded one of South Africa’s transport fuel forecourt networks, is described by Glencore CEO Gary Nagle as being a terrific asset. With the restart to full... 


Chile copper export revenue rises in July despite lower prices
Chile copper export revenue rises in July despite lower prices
8th August 2024 By: Bloomberg

Chilean copper exports rose last month despite lower prices, signaling mines in the world’s top supplier of the metal are recovering from operational setbacks that dragged down production. July... 


BHP seeking buyer for gold, copper mines in Brazil
BHP seeking buyer for gold, copper mines in Brazil
8th August 2024 By: Bloomberg

BHP Group, the world’s No. 1 miner, is planning to sell Brazilian copper and gold assets it acquired with the takeover of Oz Minerals, according to people familiar with the matter. The company has... 


Copper processing plant in Argentina.
Argentina is the next frontier for copper growth, says Glencore
7th August 2024 By: Martin Creamer

Argentina is the next frontier for copper growth, “no question”, Glencore CEO Gary Nagle highlighted on Wednesday when the London- and Johannesburg-listed diversified mining and marketing company... 


The Cobre Panama plant
First Quantum to trim work hours at stalled Panama copper mine
7th August 2024 By: Bloomberg

First Quantum Minerals is trimming working hours at its stalled copper mine in Panama in a bid to rein in the cost of preserving the site following last year’s shutdown order, the union said. The... 


Glencore CEO Gary Nagle.
Glencore highlights strategic achievements, earnings 33% down
7th August 2024 By: Martin Creamer

iversified mining and marketing company Glencore on Wednesday highlighted what it described as “strong strategic achievements for the group over the year to date”. Against the backdrop of lower... 


Glencore chairperson Kalidas Madhavpeddi.
Glencore to continue to oversee responsible decline of thermal coal operations
7th August 2024 By: Martin Creamer

Diversified mining and marketing company Glencore is to continue to oversee the responsible decline of its thermal coal operations over time, the board has decided. While the decision has been... 


AngloGold CEO Alberto Calderon.
AngloGold interim dividend up 450%, half-year free cash flow lifts to $206m
6th August 2024 By: Martin Creamer

Gold mining company AngloGold Ashanti on Tuesday reported a soaring interim dividend improvement on strong free cash flow uplifted by the elevated gold price, operational improvement and cost... 


Centaurus ups Jaguar resource estimate
6th August 2024 By: Darren Parker

Australia-listed Centaurus Metals has announced a significant increase in both the size and confidence levels of the mineral resource for its flagship 100%-owned Jaguar nickel sulphide project in... 


Arcadium announces ‘small, but important’ acquisition
6th August 2024 By: Creamer Media Reporter

NYSE- and ASX-listed Arcadium Lithium has announced the acquisition of the lithium metal business of Li-Metal for $11-million in cash. The acquisition includes the intellectual property and... 


BHP requests state mediation with Escondida union in Chile
BHP requests state mediation with Escondida union in Chile
6th August 2024 By: Reuters

Australian miner BHP has requested mediation by the Chilean government with the union representing workers at its Escondida mine, the company said on Monday, a move aimed at avoiding a potential... 


EnergyX makes $150m bid for Galan Lithium's Argentina assets
EnergyX makes $150m bid for Galan Lithium's Argentina assets
6th August 2024 By: Reuters

Lithium technology startup EnergyX has made a $150-million bid for Galan Lithium's assets in Argentina, part of a strategy to consolidate acreage needed to produce the electric vehicle battery... 


A stack of gold bars
Gold halts slide after market rout triggered margin-call selling
6th August 2024 By: Bloomberg

Gold steadied after being pulled into Monday’s global rout, when it slumped as some traders cut holdings to cover potential margin calls. Spot bullion plunged as much as 3.2% in the previous... 


Copper products
Copper steadies after plumbing four-month low during global rout
6th August 2024 By: Bloomberg

Industrial metals found firmer footing on Tuesday, the day after commodities were swept up in a tumultuous global selloff of risk assets. Copper, aluminum and zinc all steadied after a frenzied... 


Copper 360’s debut load of ore exits one of the shafts at Rietberg mine. This was the first time in 41 years that mining activity in the Northern Cape’s copper district recommenced.
Re-opened Rietberg copper mine on way to becoming Copper 360’s cash cow
5th August 2024 By: Martin Creamer

The revived Rietberg copper mine is on its way to becoming the cash cow of Copper 360, the Johannesburg Stock Exchange AltX company, which last week produced the first copper ore in the O’Kiep... 


Gold gets dragged into selloff as share slide jolts investors
Gold gets dragged into selloff as share slide jolts investors
5th August 2024 By: Bloomberg

Gold fell as much as 1.2% in early Asian trading, dragged lower by weakness in global stocks, which offset concerns over heightened tensions in the Middle East. Spot bullion — which rallied close... 


Lundin secures additional $350m to increase stake in Chilean miner
5th August 2024 By: Marleny Arnoldi

TSX-listed Lundin Mining has closed a term loan of $350-million in addition to an existing $1.75-billion revolving credit facility. The term loan matures on July 27, 2027.  


Sea-bed regulator elects secretary general as calls grow to pause deep-sea mining
5th August 2024 By: Reuters

The International Seabed Authority (ISA) has elected Leticia Carvalho of Brazil as its next secretary general, as pressure mounts for a pause on efforts to mine the sea floor for minerals for use... 


Capstone polishes Santo Domingo feasibility study
2nd August 2024 By: Creamer Media Reporter

Dual-listed Capstone Copper has announced the results of an updated feasibility study for its fully-permitted Santo Domingo copper/iron/gold project, in Chile, about 35 km from its 70%-owned... 


Rand Refinery gold in Gauteng, the province of gold.
Mined gold hits second-quarter production record, World Gold Council reports
2nd August 2024 By: Martin Creamer

Global mine production of 929 t of gold in the three months to the end of June was a record for a second quarter, a period of firm gold demand and record gold prices, the World Gold Council... 


The Escondida mine in Chile
Workers at world’s biggest copper mine reject BHP wage offer
2nd August 2024 By: Bloomberg

BHP Group workers in Chile rejected the company’s wage offer at the close of regular talks, thrusting the process into a final mediation phase in a bid to avoid a strike at the world’s biggest... 


Utshalo founder Paul Miller.
Orion’s capital-raising success kindling hopes of greater small-end investment in mining
1st August 2024 By: Martin Creamer

The capital-raising success that emerging copper and zinc mining company Orion Minerals achieved is kindling high hopes that smaller South African shareholders will be facilitated to play a greater... 


Tumbling lithium prices push Albemarle to fresh round of cost cuts
Tumbling lithium prices push Albemarle to fresh round of cost cuts
1st August 2024 By: Reuters

Albemarle, the world's largest lithium producer, said on Wednesday it would slash costs for the second time this year and that everything but its dividend could be on the chopping block. The... 


AECI CEO Holger Riemensperger
AECI in early-stage move to produce green explosives as internationalisation drive accelerates
31st July 2024 By: Terence Creamer

Explosives and mining chemicals group AECI is moving to secure green ammonia for use in the production of lower-carbon explosives, demand for which is expected to grow in some of the mining... 


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