https://staging3.creamermedia.com
R/€ = 19.9268 Change: 0.0620
R/$ = 18.4433 Change: 0.0666
Au 2311.59 $/oz Change: -13.40
Pt 949.50 $/oz Change: -14.70
 

Diversified Miners News

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done, even when it has been... 

Vale, BHP make new offer on Mariana disaster reparations

By: Reuters     12th June 2024 Mining giants Vale and BHP and their joint venture Samarco have presented Brazilian authorities with a new offer to settle reparations over the 2015 Mariana disaster, Vale said in a securities filing on Wednesday. The new proposal totals 140-billion reais ($26.09-billion), including 37-billion... 

The Beno Rodigues district was covered in mud after the Samarco dam burst in Mariana in 2015.
The Beno Rodigues district was covered in mud after the Samarco dam burst in Mariana in 2015.

Resources Watch  

12th June 2024 This week: Richards Bay Minerals signs agreement for additional 140 MW of renewable energy; Platinum group metal poised to help protect world from growing water pollution threat and, Diamond transparency from mine to finger is on way from Petra 

Resources Watch
Resources Watch

Minerals Council calls for collaborative relationship among govt, labour, civil society and the private sector

By: Creamer Media Reporter      10th June 2024 As political parties discuss the way forward in establishing a government of national unity, the Minerals Council South Africa says it and its members are advocating for a constructive, collaborative and trusting relationship among government, labour, civil society and the private sector to... 

Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council South Africa CEO Mzila Mthenjane

Sibanye-Stillwater changes covenant flexibility of its credit facilities

By: Tasneem Bulbulia     7th June 2024 JSE- and NYSE-listed Sibanye-Stillwater has announced that the lenders of its revolving credit facilities (RCFs), which include a $1-billion and a R5.5-billion RCF, as well as its Silicosis Guarantee Facility, have agreed to uplift the leverage covenant limits for all the facilities, which the... 

An image of Sibanye CEO Neal Froneman
Photo by Creamer Media's Donna Slater
CEO Neal Froneman

Water pollution, traceability, exploration fund make headlines   

7th June 2024 Mining Weekly Editor Martin Creamer discusses the role that Platinum Group Metal can play against water pollution; traceability in the mining sector and Petra Diamonds progress in this area; and the R400-million junior mining exploration fund.   

Photo of Martin Creamer
Water pollution, traceability, exploration fund make headlines

Bigger attendance expected

By: Halima Frost     7th June 2024 Following the inaugural London Indaba in 2023, event organiser Resources4Africa (R4A) says this year’s conference aims to garner more attention from investors and the global mining sector. Set to be held on June 25 and 26 at the InterContinental Park Lane Hotel, in London, this year’s event will... 

Men and women sitting on a stage in a panel discussion at the 2023 London indaba
PLANNING WITH A PANEL The panel discussions to be held at this year's London Indaba will host industry experts from across the mining sector

Botswana may raise De Beers stake as Anglo weighs spin-off

By: Reuters     6th June 2024 The Botswana government may raise its shareholding in global diamond miner De Beers, President Mokgweetsi Masisi told JCK News, after parent company Anglo American said it plans to spin off or sell the business. The government owns a 15% stake in De Beers and Botswana accounts for 70% of the... 

Botswana President President Mokgweetsi Masisi
Photo by World Economic Forum
Botswana President President Mokgweetsi Masisi

Mining input costs up by 7.2% y/y, Minerals Council says

By: Darren Parker     5th June 2024 The Minerals Council South Africa said on June 4 that its index of mining input costs increased by 7.2% year-on-year, matching the highest rate so far this year, which was recorded in January. This rise in input costs coincided with an acceleration in the rate of increase for the producer price... 

The Khumani iron-ore mine

Seventh administration needs to fast-track structural reforms to halt economic decline, Minerals Council says

By: Darren Parker     5th June 2024 The "concerning" economic growth dynamics across the South African mining sector should reinforce the need for the seventh administration, whatever shape it may take, to sustain and preferably fast-track the structural reforms started by the sixth administration, the Minerals Council South Africa... 

A haul truck operating at a mine site in South Africa

BHP faces a test of patience after $49bn Anglo bid falters

By: Bloomberg     4th June 2024 Days after BHP Group failed to secure the $49-billion takeover of smaller rival Anglo American, investors have one message for CEO Mike Henry — keep your cool. BHP argues it showed restraint in the battle for Anglo, a welcome attribute in a sector notorious for burning billions of dollars of on... 

BHP CEO Mike Henry
BHP CEO Mike Henry

South Africa’s ARM completes strategic investment in Canada’s Surge Copper 

By: Martin Creamer     3rd June 2024 South Africa’s diversified mining company African Rainbow Minerals has secured its 15% strategic shareholding in Surge Copper, a Toronto Stock Exchange-Venture Exchange company that is advancing an emerging critical metals district in British Columbia, Canada. Johannesburg Stock Exchange-listed... 

African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe
African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe

Rio Tinto secures future of NZ aluminium smelter, acquires full ownership

By: Mariaan Webb     31st May 2024 Commodities giant Rio Tinto announced on Friday that it would keep New Zealand’s sole aluminium smelter operational until at least 2044, following the completion of new 20-year electricity supply agreements. The Tiwai Point smelter, owned and operated New Zealand Aluminium Smelters (NZAS), has... 

Rio Tinto secures future of NZ aluminium smelter, acquires full ownership

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

By: Reuters     30th May 2024 Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, CEO Duncan Wanblad said on Thursday. The Anglo CEO faces pressure from investors to boost the company's value by... 

Anglo American CEO Duncan Wanblad
Anglo American CEO Duncan Wanblad

UK politicians urge Anglo to rethink fertiliser project halt

By: Reuters     30th May 2024 UK politicians are calling on Anglo American AAL.L to rethink halting its work at the Woodsmith fertiliser project in northern England, part of an asset overhaul Anglo announced after rejecting takeover proposals from global miner BHP. Anglo's unit Crop Nutrients was holding a town hall meeting... 

UK politicians urge Anglo to rethink fertiliser project halt

Investors relieved BHP walked from Anglo takeover deal

By: Reuters     30th May 2024 nvestors welcomed BHP Group's decision to walk away from a $49-billion plan to take over its rival Anglo American, which rejected three proposed offers from the top global miner over the past six weeks. While BHP's Australian-listed shares fell 1.6% on Thursday, they were in line with its peers. 

Investors relieved BHP walked from Anglo takeover deal

BHP walks away from $49bn pursuit of mining rival Anglo

By: Reuters     29th May 2024 Mining group BHP Group on Wednesday walked away from its $49-billion plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit. BHP's aim was to secure Anglo's prized copper assets in Latin America and increase access to a... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Botswana wants quick separation of De Beers from Anglo, President says

By: Reuters     29th May 2024 Botswana is hoping for a quick separation of De Beers from the Anglo American group before the UK-listed diversified mining giant is exposed to a possible hostile takeover, President Mokgweetsi Masisi said on Wednesday. Botswana, the world's top diamond producer by value, is finalising a new... 

Botswana President Mokgweetsi Masisi
Botswana President Mokgweetsi Masisi

Anglo American digs in its heels, denies BHP's extension request

By: Mariaan Webb     29th May 2024 Diversified miner Anglo American on Wednesday denied BHP’s request for more time to engage on a proposed takeover transaction, stating that its fundamental concerns regarding the $49-billion proposal remain unchanged. With time running out, BHP now only has until 16:00 GMT to announce a firm... 

Anglo American digs in its heels, denies BHP's extension request

BHP seeks extension as crunch time for $49bn Anglo bid approaches

By: Reuters     29th May 2024 BHP Group on Wednesday asked for more time to try to win over takeover target Anglo American, hours before a deadline for the world's biggest miner to firm up its $49-billion offer for its smaller rival. Anglo has rejected three proposals from BHP but last week agreed to a one-week extension to... 

BHP seeks extension as crunch time for $49bn Anglo bid approaches

BHP, Anglo dig in even as takeover talks deadline nears, sources say

By: Reuters     28th May 2024 BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as a deadline nears for the world's biggest miner to submit a binding offer, five sources said. Anglo granted its bigger rival a one-week extension until 1600 GMT on... 

Anglo American's head office in South Africa

JPMorgan says BHP plan risks $4.3bn South Africa outflow

By: Bloomberg     27th May 2024 A successful takeover of Anglo American under the arrangements BHP Group has offered could lead to outflows of $4.3-billion from South Africa, according to a JPMorgan Chase & Co. analysis. Such an outflow, if a deal goes ahead, could weaken the rand, which has gained 4.4% against the dollar, the... 

A BHP logo on a building

BlackRock encouraged Anglo to extend talks with BHP, source says

By: Reuters     27th May 2024 Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6-billion pound ($49.18-billion) mining merger, a person familiar with the matter told Reuters on Saturday. BHP, the world's biggest listed mining group, now... 

Anglo's South African corporate head office
Anglo's South African corporate head office

Massive water power possibilities in underground mining, says COMRO book editor   

By: Martin Creamer     24th May 2024 When hydropower was being developed for South Africa’s gold-mining industry, the industry was going through a tough time and the research organisation of the day, the Chamber of Mines Research Organisation or COMRO, ceased to function in the form that it had for 30-odd years. Had COMRO continued... 

COMRO book editor Brian Protheroe (right) and Mining Weekly's Martin Creamer (left).
COMRO’S Legacy editor Brian Protheroe interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Large Anglo shareholders are backing miner’s stance on BHP talks

By: Bloomberg     24th May 2024 Several of Anglo American’s big shareholders have said they support the company’s efforts to persuade BHP Group to change the structure of its takeover proposal or compensate for the risks it presents, before accepting any offer. BHP has one week to convince its target of the value of its... 

Large Anglo shareholders are backing miner’s stance on BHP talks

Furnaces group expands training initiative

By: Lynne Davies     24th May 2024 Global refractory and industrial solutions provider Dickinson Group of Companies (DGC) Africa aims to mitigate challenges – such as limitations in infrastructure, resource constraints and workforce migration facing Francophone and sub-Saharan African countries – by expanding artisanal skills... 

The above image depicts trainees of the Dickinson Group training programme that will enhance the local talent pool, assisting create a skilled local workforce that can reduce dependency on external expertise and enhance productivity
TALENT-POOL ENHANCEMENT DGC’s training programme will enhance the local talent pool, assisting in creating a skilled local workforce that can reduce dependency on external expertise and enhance productivity

Committed to strategic growth goals amid industry challenges

By: Nadine Ramdass     24th May 2024 Despite encountering various challenges – including commodity price volatility closely linked to global economic conditions and supply chain dynamics – metallurgy and process engineering company Multotec Botswana remains committed to pursuing strategic growth and expanding its reach in the... 

An image of a forklist
RELIABLE SUPPORT Multotec Botswana offers clients dedicated support, ensuring a smooth delivery process for products and equipment

Activist investor asks Rio Tinto to give up its primary London listing

By: Reuters     23rd May 2024 A UK-based activist investor has called for Rio Tinto to abandon its London listing and unify its corporate structure in Australia instead, the Financial Times reported on Thursday. Palliser Capital, which has taken up a stake in Rio Tinto, said that the metals and mining behemoth's dual... 

Rio Tinto CEO Jakob Stausholm
Rio Tinto CEO Jakob Stausholm

Green hydrogen must be allowed to decarbonise optimally, Junior Indaba hears  

By: Martin Creamer     23rd May 2024 Green hydrogen must be made cheap enough to decarbonise optimally at a time when the delay in emission reduction needs to be reversed if the world is to hit net zero by 2050. A range of factors need to be aligned relating to policy, technology, the circular economy, social buy-in and primary supply. 

Hugo Pienaar.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

BHP shares fall after Anglo American rejects proposal

By: Reuters     23rd May 2024 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

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

By: Bloomberg     23rd May 2024 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

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

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

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'

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
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

Latest cadastre agreement excites South Africa’s Junior Indaba panel  

By: Martin Creamer     21st May 2024 There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration... 

Opening Junior Indaba panel (from left) Lili Nupen, Tseliso Maqubela, Errol Smart, Mosa Mabuza, Bernard Swanepoel.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Menar advancing on the manganese front   

By: Martin Creamer     21st May 2024 Private investment company Menar, which is advancing steadily on the manganese front, has anthracite, coal, nickel, and gold in its diversified multi-country portfolio. The company's diversification into manganese began in 2021 with the East Manganese project in the Northern Cape, where a second... 

Menar MD Vuslat Bayoğlu
Menar MD Vuslat Bayoğlu interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.
1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Press Office

more

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now