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All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers 
By: Martin Creamer 14th May 2024 Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and the envisaged divestment or demerger of Southern Africa-dominant De Beers. In rejecting BHP’s second takeover offer, Anglo intends reshaping... →
Hochschild hits commercial production at its first Brazil mine
By: Creamer Media Reporter 14th May 2024 Precious metals company Hochschild Mining has achieved commercial production at the Mara Rosa gold mine – its first operation in Brazil. During May, the Mara Rosa processing plant has operated at an average throughput of 90% of its nameplate capacity of 7 000 t/d and exceeded 80% average... →
SolGold advances financing for Cascabel, secures $10m loan
By: Mariaan Webb 14th May 2024 LSE- and TSX-listed SolGold said on Tuesday that it was making significant strides in securing financing for its Cascabel project, in Ecuador, with capital providers expressing a keen interest in committing to a longer-term financing package. The company is in detailed discussions with capital... →
Copper climbs to highest in two years as bulls see deficit
By: Bloomberg 14th May 2024 Copper touched its highest level since 2022 after a powerful rally fueled by forecasts of a growing global supply deficit. The commodity’s gain since the start of January is approaching 20% with prices defying typical indicators of soft demand, especially in China. That’s partly because... →
Anglo American eyes offloading steelmaking coal, nickel, diamonds
By: Reuters 14th May 2024 Anglo American laid out a strategy update on Tuesday that includes exploring options for its steelmaking coal, nickel and platinum businesses, in an effort to fend off a takeover bid from the world's largest miner BHP Group. The announcement comes a day after the London-listed miner rejected a... →
Investors expect BHP to lift Anglo American offer again
By: Reuters 14th May 2024 BHP is likely to sweeten its $43-billion takeover offer for Anglo American for a second time and possibly add cash, investors in both companies said on Tuesday, after the London-headquartered target rejected a higher bid. Anglo said the improved all-share offer, up 10% from BHP's initial... →
Peru zinc miner Volcan to avoid debt haircut, new owner says
By: Bloomberg 14th May 2024 Volcan Cia Minera plans to make a series of debt payments through August and to refinance later obligations without imposing losses, said the head of its new controlling shareholder, dismissing speculation over a default or restructuring at the Peruvian zinc miner. “Absolutely, categorically no... →
Top critical mineral miner CBMM sees opportunity in EV batteries
By: Bloomberg 14th May 2024 A Brazilian company focused on mining a metal used to strengthen alloys is betting that its mainstay product can also play a key role in improving electric vehicle batteries. Cia. Brasileira de Metalurgia e Mineração is the world’s top producer of niobium, a critical mineral that’s only mined in... →
Buxton acquires Arizona manganese exploration project
By: Creamer Media Reporter 14th May 2024 Australia-listed Buxton Resources on Tuesday announced an agreement to acquire a manganese brownfields exploration project in Arizona, US. The Matrix manganese project, in Mohave county, is adjacent to the Artillery Peak project, which has a resource of 277-million tonnes at 2.8% manganese. →
Anglo rejects BHP's revised £34bn proposal
By: Mariaan Webb 13th May 2024 Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion. The structure of the revised proposal, unveiled on Monday, remained unchanged from the previously rejected proposal of last month. It comprises an... →
Tin prices may see further support from supply risks, rate cuts, analysts say
By: Reuters 14th May 2024 Tin prices, which have rallied in recent months to near two-year highs, could be bolstered further by supply disruptions, ongoing geopolitical conflicts, fund inflows in the event of interest rate cuts and stabilising demand, analysts say. Benchmark three-month tin on the London Metal Exchange... →
Mining production, sales drop in March
By: Tasneem Bulbulia 14th May 2024 Mining production decreased by 5.8% year-on-year in March, Statistics South (Stats SA) reports. The largest negative contributors were coal (-9.1% and contributing -2.3 percentage points); manganese ore (-12.2% and contributing -1 percentage point); iron-ore (-6.8% and contributing -0.9 of a... →
Pensana records encouraging testwork results from samples at Angola project
By: Tasneem Bulbulia 14th May 2024 London-listed Pensana Rare Earths says initial results from beneficiation testwork on samples from the Sulima West deposit at the Coola exploration licence, located 75 km north of Longonjo, in Angola, are “very encouraging”. The testwork is being undertaken to determine whether the mineralogy at... →
Mantashe warms to Anglo plan after opposing BHP bid
By: Bloomberg 14th May 2024 South Africa’s mines minister struck a conciliatory tone as Anglo American Plc announced plans to separate its platinum unit as part of a major shakeup following its rejection of two approaches from BHP Group. “It is their strategy and they must do anything that will optimize value,” Mines... →
Itochu, $5.9bn South Africa ammonia plant near supply pact
By: Bloomberg 14th May 2024 A group led by Japanese trading house Itochu Corp. is nearing an agreement to buy green ammonia from Hive Hydrogen South Africa, a $5.9 billion project that could make the country a global leader in producing the fuel. Hive Hydrogen may start output of green ammonia — which could be utilized as a... →
Korea Zinc sees US opportunities as it targets big copper growth
By: Bloomberg 14th May 2024 The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth opportunities in the US as it seeks to become a leading player in the global transition to renewable energy. Korea Zinc, which also processes nickel, is looking to increase its... →
Two dead, one missing after tremor damages Polish coal mine
By: Reuters 14th May 2024 Two miners were killed in southern Poland and one remained trapped underground after an overnight tremor caused a partial collapse in a section of the Myslowice-Wesola mine, the mine's owner said on Tuesday. The tremor occurred 870 m underground. →
Kinetiko thrilled with successful onshore gas-to-power demonstration in South Africa
By: Creamer Media Reporter 14th May 2024 ASX-listed Kinetiko Energy has successfully demonstrated that it can produce gas-to-power (GtP) from an onshore natural gas resource at its Amersfoort project, in Mpumalanga, South Africa. The company is focused on developing an energy transition solution for South Africa focused on... →
Australia to invest A$22.7bn in renewable energy, critical minerals
By: Reuters 14th May 2024 The Australian government on Tuesday announced a A$22.7-billion package to boost domestic manufacturing and renewable energy as the country seeks to reduce its reliance on foreign suppliers for key technologies. Details of the Future Made in Australia package announced in the government's annual... →
PGMs to face continued supply constraints, low prices – report
By: Darren Parker 14th May 2024 Precious metals consultancy Metals Focus’ new ‘Platinum Group Metals (PGM) Focus 2024’ report, which offers a comprehensive analysis of the PGM industry, indicates that the rest of the year will be defined by persistent supply constraints, coupled with robust demand, leading to another year of... →
Tirupati schedules requisitioned general meeting for June 11
By: Creamer Media Reporter 14th May 2024 Specialist graphite producer Tirupati Graphite will, on June 11, hold a general meeting to give shareholders the opportunity to vote on a resolution brought by a group of shareholders to replace the current board of directors with new candidates. Tirupati last month received a letter from Walpole... →
Future Metals secures EIS grant for Eileen Bore drilling
By: Creamer Media Reporter 14th May 2024 Exploration company Future Metals has been awarded A$180 000 under the Western Australian government’s exploration incentive scheme (EIS) to conduct drilling at the Eileen Bore prospect. Situated about 20 km from Future’s Panton project, in the East Kimberley region, Eileen Bore is an advanced... →
Graphite miner Lincoln joins EU trade mission
By: Creamer Media Reporter 14th May 2024 Graphite miner Lincoln Minerals CEO Jonathon Trewartha will participate in an Australia government-led trade mission to the European Union (EU) in early June. During the trade mission, Lincoln will showcase its Kookaburra graphite project, in South Australia, which Trewartha says can play a... →
Glencore Coal launches Australia apprenticeship progamme
By: Creamer Media Reporter 14th May 2024 Glencore Australia has announced the opening of its 2025 apprenticeship programme for applications, inviting aspiring candidates to apply for an opportunity or skills development and hands-on experience in the coal industry in New South Wales and Queensland. Scheduled to kick off in January, the... →
Analysts highlight concerns over valuation, regulatory hurdles in BHP-Anglo proposal
By: Mariaan Webb 14th May 2024 The rejection – for the second time – of BHP’s attempt to propose a deal with Anglo American underscores the concerns that continue to persist regarding value and regulatory hurdles in the proposed transaction. Responding to the latest developments in the BHP-Anglo takeover, CreditSight analysts... →
DRC allows Zijin mine to resume operations, mines ministry letter says
By: Reuters 14th May 2024 Democratic Republic of Congo's government has lifted a suspension order on a Congolese copper and cobalt operation majority-owned by China's Zijin Mining Group, according to a letter seen by Reuters on Monday. Congo's mines ministry last month halted the activities of the COMMUS project, in which... →
Queensland Premier says nuclear will cost jobs
By: Creamer Media Reporter 14th May 2024 Queensland Premier Steven Miles has strongly opposed the Liberal Party’s proposition to introduce nuclear reactors in the northern regions of the state, asserting that such a move is “recipe for a cost-of-living meltdown”. “Nuclear is the most expensive option,” Miles said in a joint statement... →
Lithium miner debuts as Ghana’s first listing in two years
By: Bloomberg 14th May 2024 Australian-based Atlantic Lithium, which is developing Ghana’s first lithium mine, has taken a step toward raising capital from equity investors in the country. The company has listed all its shares in issue on the Australian Securities Exchange and London Stock Exchange’s AIM board, on the... →
Green energy presenting South Africa with massive reindustrialisation chance – Nedbank 
By: Martin Creamer 13th May 2024 Green electrons and green molecules are presenting South Africa with a massive opportunity to reindustrialise, Nedbank CIB head of infrastructure, energy and telecommunications Mike Peo told the Green Hydrogen Roundtable on Monday. “We have an opportunity for South Africa to completely... →
Tirupati urges shareholders to vote against replacing the board with new directors
By: Sabrina Jardim 13th May 2024 London-listed specialist flake graphite producer Tirupati Graphite has asked shareholders to vote against resolutions brought by a group of shareholders seeking the removal of chairperson and MD Shishir Poddar, joint-MD Puruvi Poddar and Alastair Bath from office as directors of the company and... →
China takes advantage of cheap gas and coal to rebuild stocks
By: Bloomberg 13th May 2024 China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer. Gas imports through the end of April jumped 21% from the previous year, while coal purchases climbed 13%. The increase in coal in particular... →
Hastings CEO departs amid cost-cutting restructuring
By: Creamer Media Reporter 13th May 2024 Paul Brown will leave rare earths developer Hastings Technology Metals at the end of the month as the company restructured its business to reduce costs. The restructuring has resulted in a “material reduction” in the workforce numbers, ASX-listed Hastings said on Friday. →
Lexington renews Jelani prospecting right to 2026
By: Darren Parker 13th May 2024 Aim-listed Lexington Gold has announced that the prospecting right owned by Jelani Resources has now been formally renewed until May 29, 2026. This follows on the back of announcements made on May 15 and September 7 last year regarding Lexington’s acquisition of White Rivers Exploration (WRE). →
VR8 mulls most favourable terms after signing third offtake MoU
By: Marleny Arnoldi 13th May 2024 Australia-headquartered Vanadium Resources (VR8) has signed a memorandum of understanding with China-based Hunan Zhongxin New Materials Technology for the offtake of 4 000 t/y of vanadium oxide, over a period of five years. The nonbinding MoU states that Hunan can extend the offtake agreement... →
Goldplat’s third quarter buoyed by strong performance of its Ghanaian operations
By: Tasneem Bulbulia 13th May 2024 Aim-listed Goldplat’s gold recovery operations in South Africa and Ghana achieved a combined operating profit for the third quarter, ended March 31, of £1.6-million (excluding listing and head office costs and foreign exchange losses), a 10% increase on the operating profit for the third quarter... →
The third-quarter performance of the South African operation Goldplat Recovery South Africa continued to be impacted on by a reduction in supply from current mining operations and, to a lesser extent, by electricity supply interruptions
Kefi nears construction start at Tulu Kapi
By: Marleny Arnoldi 13th May 2024 London-listed Kefi Gold and Copper says the remaining finance syndicate approval process in respect of the Tulu Kapi project, in Ethiopia, is on track for final approvals this month. The company has started with launch preparations on site ahead of construction, which is earmarked to start by... →
Power moves to establish an early niobium foothold in West Arunta
By: Creamer Media Reporter 13th May 2024 The share price of ASX-listed Power Minerals surged early 30% on Monday, following its announcement of a strategic move into the West Arunta region of Western Australia with the addition of the Waterlander project. Situated immediately adjacent to WA1 Resources’ Luni discovery, Waterlander is... →
Zimbabwe leading the sub-Saharan African lithium mining boom
By: Darren Parker 13th May 2024 The past three years have witnessed a surge in hard-rock pegmatite lithium mining activity across Southern Africa, according to consultancy firm AmaranthCX. “While Zimbabwe has emerged as the regional leader, countries like the Democratic Republic of Congo (DRC), Namibia and South Africa are also... →
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