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Rio Tinto and Bougainville Copper face class action over mine impact

By: Mariaan Webb     Updated 3 hours ago Miners Rio Tinto and Bougainville Copper (BCL) on Thursday confirmed that class action had been initiated against the companies in Papua New Guinea’s national court. The action, brought forth on behalf of Bougainville residents, aims to seek compensation for alleged environmental degradation and... 

Ruins of the Panguna mine that ceased operations in 1989.
Photo by madlemurs
Ruins of the Panguna mine that ceased operations in 1989.

BHP has a week to convince Anglo its South African plan can work

By: Bloomberg     Updated 5 hours ago BHP Group just won an extra week to convince Anglo American on its $49-billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about South Africa? After a month of rising tensions, the companies are holding discussions after BHP... 

BHP CEO Mike Henry
BHP CEO Mike Henry

South32's CEO says open to buying joint Anglo manganese assets

By: Reuters     Updated 49 minutes ago Australian diversified miner South32 is open to buying Anglo American's share of two manganese operations the companies jointly own, should they come for sale at the right price, CEO Graham Kerr said on Thursday. Anglo is the subject of a takeover offer by the world's biggest listed miner BHP... 

Graham Kerr says South32 is open to increasing its exposure in Southern Africa.
Graham Kerr says South32 is open to increasing its exposure in Southern Africa.

Eraring coal plant closure delayed by two years

By: Bloomberg     Updated 4 hours ago Origin Energy will delay the closure of Australia’s largest coal-fired power station amid concerns renewable energy isn’t being added fast enough to keep pace with plans to quit fossil fuels. The utility agreed to a request from the New South Wales government to keep operating part of the 2.9 GW... 

The Eraring power station will remain open until August 2027
The Eraring power station will remain open until August 2027

Sayona kicks of drilling at 'highly prospective' Tabba Tabba

By: Creamer Media Reporter      Updated 3 hours ago North American lithium producer Sayona Mining has initiated reverse circulation (RC) drilling at its Tabba Tabba project, in Western Australia, were previous air core drilling identified potential pegmatite systems. A recently completed gravity survey has helped focus deeper RC drilling over two... 

Sayona kicks of drilling at 'highly prospective' Tabba Tabba

Anglo shoots down BHP’s third attempt, agrees to one-week extension 

By: Mariaan Webb     22nd May 2024 The world’s top diversified miner BHP has made a third unsolicited conditional takeover proposal for smaller rival Anglo American on Wednesday, only hours before its initial deadline for a firm intention to make an offer expired. The board of London-listed Anglo American rejected the latest... 

Anglo American chairperson Stuart Chambers
Anglo American chairperson Stuart Chambers

Kingsrose and BHP team up to explore Finland and Norway

By: Mariaan Webb     22nd May 2024 ASX-listed Kingrose Mining on Wednesday announced an exploration alliance agreement with commodities major BHP, which would provide funding for regional exploration across Norway and Finland. This follows on from Kingrose’s successful participation in the BHP Xplor programme, which the major... 

Kingsrose and BHP team up to explore Finland and Norway

BHP shares fall after Anglo American rejects proposal

By: Reuters     Updated 4 hours ago Shares of Australia's BHP Group fell over 3% on Thursday, a day after smaller rival Anglo American rejected its third takeover proposal and agreed to a one-week extension for the deadline to make a binding offer. Shares of BHP fell as much as 3.8% to A$44.47 by 00:26 GMT.  

BHP shares fall after Anglo American rejects proposal

WA unveils refreshed battery and critical minerals strategy

By: Creamer Media Reporter      22nd May 2024 The Western Australian government has unveiled its updated Battery and Critical Minerals Strategy, drawing applause from industry stakeholders and signalling the state’s commitment to solidifying its position as a global leader in the downstream processing of critical minerals. The strategy,... 

AIC initiates A$50m Jericho mine development, elevating Eloise

By: Mariaan Webb     22nd May 2024 Queensland copper miner AIC Mines on Wednesday pushed the button on the development of the A$50-million Jericho mine, which is set to transform its Eloise operation into a cornerstone asset. Development of the Jericho mine and expansion of the Eloise processing plant will lift production to more... 

AIC initiates A$50m Jericho mine development, elevating Eloise

South Harz bolsters position in German potash sector

By: Mariaan Webb     22nd May 2024 Australia-headquartered potash firm South Harz on Wednesday announced the completion of the prefeasibility study (PFS) for its flagship Ohmgebirge development in central Germany. Alongside this milestone, the company reported a potential significant future acquisition of a neighbouring mining... 

BHP-Anglo prospects flag more M&A ahead for miners

By: Reuters     22nd May 2024 BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said on Wednesday. The bid by the world's biggest listed miner for Anglo is... 

The Khoemecau copper mine in Botswana
The Khoemecau copper mine in Botswana

Patriot to raise C$75m in flow-through placement

By: Creamer Media Reporter      22nd May 2024 Canada-focused Patriot Battery Metals said on Tuesday that it planned to capitalise on the advantageous flow-through financing conditions by executing a C$14.54-a-share private placement to raise C$75-million. The issue price represents a 51% premium to the company’s last closing price on the TSX... 

Fortescue excluded from world’s biggest hydropower plant development

By: Bloomberg     22nd May 2024 A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix Tshisekedi’s office, which has replaced the firm with a Nigerian oil producer. Natural Oilfield Services... 

Troubled Peru copper mine starts expansion work in supply boost

By: Bloomberg     Updated 21 minutes ago China’s MMG is hopeful it can start digging copper from a new pit at its giant Las Bambas project in Peru by the end of this year, bringing some much-needed extra supply to a tightening global market. Las Bambas has for years operated well below its annual capacity of 400 000 t due to a torrent... 

Troubled Peru copper mine starts expansion work in supply boost

Copper frenzy draws mining giants to Argentina after Milei’s reforms

By: Bloomberg     Updated 4 hours ago Global mining heavyweights including Lundin Mining, Glencore and First Quantum Minerals are piling into Argentina as a new government intent on luring foreign investment propels the companies closer than ever to opening up vast copper deposits in the red-hued Andes. It’s part of a colossal wave... 

Copper frenzy draws mining giants to Argentina after Milei’s reforms

First Quantum seeks to speed up Peru projects after Panama debacle

By: Reuters     Updated 5 hours ago Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void, is seeking to speed its copper projects in Peru, a company executive said on Wednesday. One of the... 

First Quantum seeks to speed up Peru projects after Panama debacle

At least two companies seek Norway seabed mining permits

By: Reuters     22nd May 2024 Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they hope to explore for minerals, in what could be the start of a controversial new mining industry. The process puts Norway on track to become the first country to start commercial... 

At least two companies seek Norway seabed mining permits

Junior coal miners bemoan logistics as single-biggest challenge to their survival

By: Marleny Arnoldi     22nd May 2024 Logistics inefficiencies in South Africa are the single-biggest reason why junior mining companies are likely to fail, said midtier coal producer Ndalamo Resources. Ndalamo CEO Shammy Luvhengo participated in a junior coal mining panel at Joburg Indaba, which was held on May 21 and 22,... 

Coal being transported to port by rail

Harmony employee dies in blasting incident at its Phakisa mine

By: Creamer Media Reporter      22nd May 2024 An employee was killed in a blasting incident at Harmony Gold Mining's Phakisa mine on Tuesday afternoon. All blasting operations have been temporarily suspended. The relevant authorities have been informed and the Department of Mineral Resources and Energy, labour representatives and mine... 

Huge manganese value-add opportunity reiterated at Junior Indaba 

By: Martin Creamer     22nd May 2024 The huge opportunity that South Africa has to add value to its rich endowment of manganese through local processing was reiterated during the second day of Wednesday’s Junior Indaba. “Specific to manganese, we’re certainly very bullish,” Manganese Metal Co (MMC) CEO Louis Nel said in response to... 

From left, Kudakwashe Maramba, George Roach, Ntsiki Adonisi, Louis Nel, Jaco Prinsloo, Bernard Swanepoel.
From left, Kudakwashe Maramba, George Roach, Ntsiki Adonisi, Louis Nel, Jaco Prinsloo, Bernard Swanepoel.

Hydrogen Council appoints CEO

By: Creamer Media Reporter      22nd May 2024 Global CEO-led initiative the Hydrogen Council has appointed Ivana Jemelkova as CEO, following an extensive, international search. Jemelkova is a recognised leader in energy and sustainability, with a record of building and managing successful coalitions and partnerships to accelerate... 

Hydrogen Council CEO Ivana Jemelkova
Hydrogen Council CEO Ivana Jemelkova

More funding mechanisms needed to support juniors in early stage exploration, panel says

By: Darren Parker     22nd May 2024 South Africa needs more funding mechanisms to support junior mining at an early stage of exploration, Bedrock Capital CEO Messu Mwaniki said on May 21 at the Junior Indaba in Johannesburg. “I think by now we should have much more junior mining funds available, which can be seen to come on board,... 

JSE primary markets business development manager Patrycja Kula-Verster
JSE primary markets business development manager Patrycja Kula-Verster

Top Anglo investor says BHP bid requires 'meaningful revision'

By: Reuters     22nd May 2024 South African state-owned asset manager the Public Investment Corporation (PIC) said on Wednesday that it would require a "meaningful revision" of BHP Group's bid for rival miner Anglo American. Anglo rebuffed BHP's initial $39-billion all-share proposal made on April 25, dismissing it as... 

Top Anglo investor says BHP bid requires 'meaningful revision'

West Coast diamonds events, excursion a success

By: Tasneem Bulbulia     22nd May 2024 The West Coast Diamond Event and Excursion, held on May 17 and 18 in Port Nolloth, in the Northern Cape, and hosted by the Geological Society of South Africa’s (GSSA's) Northern Cape branch, has been lauded as a “great success” with positive feedback received from attendees. This is according to... 

Edison increases its valuation of Pan African despite lower production forecast

By: Tasneem Bulbulia     22nd May 2024 Analyst Edison Investment Research has increased its valuation of South African gold miner Pan African Resources to $0.48 a share, from $0.41 previously. London- and Johannesburg-listed Pan African earlier this month announced that it had revised its 2024 full-year production guidance to between... 

Pan African's Elikhulu operation

Expert suggests new ways junior miners can classify resources

By: Marleny Arnoldi     22nd May 2024 A key issue with all mineral projects is the quantification of risk and uncertainty, which has always been narrowed down to grade estimation issues; however, just basing the mineral resource category on drill spacing and a competent person’s judgment on resource boundaries is no longer good... 

Chinese coal group cuts 2024 output forecast

By: Reuters     22nd May 2024 The deputy chairman of the China Coal Transportation and Distribution Association (CCTD) told a seminar on Wednesday that annual output growth would be in a range of -1% to 1% this year, having previously forecast expansion of 1%. China, the world's biggest coal producer, mined 4.66 billion... 

India's Vedanta Aluminium turning to renewables, not adding coal capacity, CEO says

By: Reuters     22nd May 2024 Indian metals-to-oil conglomerate Vedanta's aluminium business will no longer add coal-fired capacity, its CEO said, in the company's biggest move yet toward renewable energy. Vedanta Aluminium, the country's biggest producer of the metal, aims to increase the share of renewable energy it is... 

Congo lawyers say received new evidence on Apple's minerals supply chain

By: Reuters     22nd May 2024 International lawyers representing the government of the Democratic Republic of Congo said on Wednesday new evidence gathered from whistleblowers indicates that Apple is sourcing minerals from conflict areas in the east of the country. In a statement, the lawyers urged Apple to answer questions... 

A laptop with the Apple logo

Mining entrepreneur Sheriff joins Scorpio board

By: Creamer Media Reporter      22nd May 2024 US-focused Scorpio Gold has appointed entrepreneur William Sheriff, the founder and executive chairperson of enCore Energy, to its board of directors. Scorpio, which owns two past-producing mine projects, said Sheriff brought a “wealth of experience” to its board. 

William Sheriff
William Sheriff

West Red Lake hits high grades at new Madsen zone

By: Creamer Media Reporter      22nd May 2024 TSX-V-listed West Red Lake Gold Mines has intersected high-grade mineralisation at its Madsen mine, in Ontario, with results as high as 37.33 g/t gold over 2.79 m and 5.26 g/t over 9 m at the North Austin zone. The latest round of drill results from Madsen were all drilled from underground on... 

Westwell to retire as Sasol chairperson

By: Creamer Media Reporter      22nd May 2024 Stephen Westwell will, on June 1, retire as nonexectutive director and chairperson of chemicals and energy group Sasol, after having served on the board for 12 years. Lead independent director Muriel Dube will take up the position of acting chairperson until a full-time successor is appointed. 

Sasol chairperson Stephen Westwell
Sasol chairperson Stephen Westwell

Resources Watch  

22nd May 2024 This week: PGM-boosted green hydrogen backed by resolute South African govt's commitment; State mining training authority backing green hydrogen skills centre creation, and, Nedbank says green energy presenting South Africa with massive reindustrialisation chance 

Resources Watch

Clock runs down on BHP’s $43bn bid for Anglo American

By: Bloomberg     22nd May 2024 BHP Group has just hours to launch a blockbuster bid to buy smaller mining rival Anglo American — or put its audacious takeover plan on the shelf. The proposal by the world’s biggest miner to spin off two units and then buy the remainder of Anglo would create a global copper behemoth, heralding... 

Anglo CEO Duncan Wanblad and BHP CEO Mike Henry
Anglo CEO Duncan Wanblad and BHP CEO Mike Henry

Hudbay to raise $300m in bought deal equity offering

By: Reuters     22nd May 2024 Canadian copper miner Hudbay Minerals plans to raise $300.2-million in an equity offering to help fund near-term growth initiatives at its Copper Mountain unit among other purposes, the company said on Tuesday. Underwriters led by RBC Capital Markets and BMO Capital Markets will buy 31.6-million... 

The Copper Mountain mine
The Copper Mountain mine

Iamgold reveals $300m bought-deal financing to boost Côté stake to 70%

By: Creamer Media Reporter      22nd May 2024 Canada-headquartered Iamgold on Tuesday announced a $300-million bought deal financing at $4.17 a share to partly fund the repurchase of 9.7% in the Côté gold mine, in Sudbury, Ontario. Iamgold’s participation in the Côté Gold Joint Venture (UJV) is 60.3% and it has an option to repurchase 9.7%... 

A January 2024 photo of the Cote project site in Ontario
A January 2024 photo of the Cote project site in Ontario

Saudi Ma'aden has extracted lithium from seawater, CEO says

By: Reuters     22nd May 2024 Saudi Arabian Mining Company Ma'aden has successfully extracted lithium from seawater, although not at levels that are commercially viable and its project remains at the pilot stage, its CEO told Reuters on Tuesday. "We are actually producing lithium from seawater now," Robert Wilt said, without... 

Ma'aden CEO Robert Wilt
Ma'aden CEO Robert Wilt

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