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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... 


Vedanta to pay $932m in dividend to help parent cut debt
Vedanta to pay $932m in dividend to help parent cut debt
3rd September 2024 By: Bloomberg

Indian tycoon Anil Agarwal’s Vedanta approved a third tranche of dividend payout, its latest effort to improve the financial position of its indebted London-based mining parent. The Mumbai-based... 


The Stillwater mine in the US
Sibanye to post interim loss on US impairment; lower headline earnings
2nd September 2024 By: Creamer Media Reporter

Multinational mining and metals processing group Sibanye-Stillwater expects to report a loss a share of between 250.8c and 277.2c, or about $0.13 and $0.15, for the six months ended June 30, mainly... 


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... 


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... 


Societe Generale exits LME trading floor in blow for exchange
23rd August 2024 By: Bloomberg

Societe Generale SA is withdrawing from the London Metal Exchange’s open-outcry trading floor, in a move that will raise fresh questions about the viability of the iconic “Ring” as a key... 


Impact Silver reports strong second-quarter revenue growth
21st August 2024 By: Creamer Media Reporter

TSX-V-listed Impact Silver, which owns assets in Mexico, has reported a 40% year-on-year increase in revenue to $7.7-million for the second quarter. This included $1.8-million in revenue... 


Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Major shift to green energy under way by mining houses across Africa – Nedbank CIB
16th August 2024 By: Martin Creamer

Virtually every mining house in South Africa is in the process of procuring green electrons, and similar advances are taking place across the African continent, from the Democratic Republic of... 


Former Trafigura COO’s Swiss corruption trial set for December
Former Trafigura COO’s Swiss corruption trial set for December
15th August 2024 By: Bloomberg

The Swiss trial of Trafigura Group and its former COO Mike Wainwright on corruption charges has been scheduled for December — in a case that’s likely to shine a renewed light on allegations of... 


Dawie Roodt
Be prepared for new economic future as biggest Electra Mining Africa show approaches
14th August 2024 By: Martin Creamer

South Africa’s preparation for a brand new economic future is coinciding with the biggest ever Electra Mining Africa show, which takes place in Johannesburg, from September 2-6. Five interconnected... 


Indian miner Vedanta boosts stake sale in Hindustan Zinc to top $950m
14th August 2024 By: Reuters

Indian miner Vedanta will sell a 3.3% stake worth more than $950-million in unit Hindustan Zinc, it said on Wednesday, bigger than the 2.6% stake it initially planned to hive off. Vedanta said it... 


Titan temporarily suspends operations at Empire State mine due to flooding
Titan temporarily suspends operations at Empire State mine due to flooding
13th August 2024 By: Creamer Media Reporter

Toronto-listed Titan Mining on Monday announced the temporary suspension of operations at its Empire State Mine (ESM) following historic flooding caused by Tropical Storm Debby. While there were... 


WA govt moves to expedite mining approvals
WA govt moves to expedite mining approvals
8th August 2024 By: Creamer Media Reporter

The Western Australian government has announced more support for the mining industry by expediting approvals, streamlining the approvals process and providing incentives to explorers. The... 


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... 


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... 


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... 


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.  


Polymetals confirms higher returns from Endeavour mine restart
5th August 2024 By: Marleny Arnoldi

ASX-listed Polymetals Resources has confirmed in an optimised mine plan for the Endeavour silver/lead/zinc mine that it can indeed generate strong financial returns and value for shareholders, as... 


Develop MD Bill Beament
Trafigura to provide A$100m for Australia copper/zinc mine
2nd August 2024 By: Mariaan Webb

Australia’s Develop Global has agreed a A$100-million prepayment/loan facility and offtake agreement with global commodities trader Trafigura for the Woodlawn copper and zinc mine in New South... 


Polymetals takes full ownership of Endeavor mine
1st August 2024 By: Creamer Media Reporter

ASX-listed Polymetals has finalised the acquisition of the Endeavor mine, located 40 km north of Cobar in New South Wales, with the company now taking 100% ownership of the silver, lead and zinc... 


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... 


Rome Resources mobilises drills to site at Bisie North
30th July 2024 By: Darren Parker

Aim-listed Rome Resources has begun the mobilisation of the first of three diamond core drill rigs to be used in the first week of August at sites identified and prepared by the company at its... 


Glencore CEO Gary Nagle.
Glencore expects to be able to announce coal, carbon steel demerger decision next week
30th July 2024 By: Martin Creamer

Diversified mining and marketing company Glencore expects to be able to announce the decision of the board regarding the potential demerger of its coal and carbon steel materials business next... 


MAJOR MILESTONE The first batch of concentrate production through the new Kipushi concentrator was achieved on June 14
First ore enters concentrator in DRC
26th July 2024

Two months after completing the construction and the restart of the historic ultrahigh-grade Kipushi zinc/copper/lead/germanium mine in the Democratic Republic of Congo (DRC), diversified miner... 


Argent hikes Kempfield silver resource by 54%
Argent hikes Kempfield silver resource by 54%
25th July 2024 By: Mariaan Webb

Exploration and development company Argent Minerals on Wednesday announced substantial resource upgrade for the Kempfield silver deposit, in New South Wales. The mineral resource estimate for all... 


Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa supports beneficiation where the economics make sense
24th July 2024 By: Martin Creamer

Minerals Council South Africa, whose members account for 90% of this country's annual mineral production by value, supports beneficiation where the economics make sense. “Therefore, we welcome the... 


Orion's Prieska mine
Orion announces last call for shareholders to participate in SPP
22nd July 2024 By: Marleny Arnoldi

ASX- and JSE-listed Orion Minerals has reminded shareholders based in Australia, New Zealand, South Africa, Germany, the Netherlands, Jersey, the UK, Mauritius and Singapore to buy shares under a... 


Western miners push for higher metals prices to ward off Chinese rivals
Western miners push for higher metals prices to ward off Chinese rivals
22nd July 2024 By: Reuters

The only US cobalt mine sits fallow in the northern Idaho woods, a mothballed hunk of steel and dirt that is too expensive for its owner to operate because Chinese rivals have flooded global... 


Metalicity puts Admiral Bay up for sale
19th July 2024 By: Mariaan Webb

ASX-listed Metalicity has appointed stockbroker Argonaut PCF to seek indicative offers for its Admiral Bay zinc project in the Kimberley region of Western Australia. The company points out that... 


Boliden's Q2 earnings disappoint despite near fivefold rise
Boliden's Q2 earnings disappoint despite near fivefold rise
19th July 2024 By: Reuters

Swedish miner Boliden said on Friday its core earnings rose by nearly fivefold in the second quarter, helped by a one-off insurance claim, but missed market forecasts on weak zinc and copper... 


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