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Europe News

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... 

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

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

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... 

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.

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

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

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'

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

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.

South Africa's R105bn green hydrogen project to be energised by hot De Aar sunshine 

By: Martin Creamer     21st May 2024 South Africa’s R105-billion green hydrogen, green ammonia project in the Eastern Cape took another major leap forward on Tuesday with the announcement of its underpinning by a cluster of nine solar projects in the very high solar yielding area of De Aar. The giga scale 1 230 MW solar project is... 

Hive Hydrogen South Africa chairperson Thulani Gcabashe
Hive Hydrogen South Africa chairperson Thulani Gcabashe

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.

Anglo shareholder LGIM supports break-up plan as BHP circles

By: Bloomberg     21st May 2024 Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer. The radical plan to divest Anglo's less profitable coal, nickel,... 

Anglo's Charterhouse offices in London
Anglo's Charterhouse offices in London

European Ferrochrome Benchmark price to be discontinued

By: Darren Parker     20th May 2024 JSE-listed chrome producer Merafe Resources has advised that the quarterly European Ferrochrome Benchmark (EUBM) price will be discontinued with effect from June. The company will, therefore, no longer publish the EUBM price on the JSE news service. 

Copper hits record above $11 000 on bets that shortage looms

By: Bloomberg     20th May 2024 Copper surged to its highest-ever level, extending a powerful, months-long rally driven by financial investors who’ve piled into the market in anticipation of deepening supply shortages. Futures on the London Metal Exchange jumped more than 4% in early Monday trading, taking copper past $11 000... 

Copper hits record above $11 000 on bets that shortage looms

Lithium miners shake up trading to tackle wild price swings

By: Bloomberg     20th May 2024 The world’s lithium miners — facing an unprecedented demand surge and wild price swings — are shaking up the way the commodity is bought and sold. As lithium emerges as a linchpin of the global energy transition, the industry is in the grip of a slow-motion revolution that earlier upended... 

Lithium miners shake up trading to tackle wild price swings

Gold hits fresh record as Fed rate-cut optimism fuels demand

By: Bloomberg     20th May 2024 Gold notched a fresh all-time high, as investor demand soared across the broader metals complex amid increasing optimism the US will cut rates this year. Bullion jumped as much as 1.1% to hit $2 440.59 an ounce in early Asian hours, surpassing a previous intraday record reached in April. Traders... 

Gold hits fresh record as Fed rate-cut optimism fuels demand

Platinum-enabled green molecules offering inviting green electron value-add – Nedbank  

By: Martin Creamer     20th May 2024 It’s no longer good enough to just produce electric vehicles (EVs). You have to produce green EVs, and to do that, you need green steel. To get the green steel, you need the green molecules that green hydrogen provides. 

The cathode side of proton exchange membrane (PEM) fuel cells that convert hydrogen to electricity require platinum.
Nedbank CIB's Mike Peo interviewed by Mining Weekly's Martin Creamer. Video: Shadwyn Dickinson.

BHP debates improved bid as time runs out in Anglo takeover saga

By: Bloomberg     19th May 2024 With time running out on its $43-billion pursuit of Anglo American, BHP Group faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few days? BHP’s plan to partially break up and then acquire Anglo has transfixed the mining industry by... 

BHP CEO Mike Henry
Photo by Bloomberg
BHP CEO Mike Henry

Minerals Council, Geoscience, IDC going all out to boost South African exploration  

By: Martin Creamer     17th May 2024 A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a return to growth in the shrinking South African mining industry. Minerals Council South Africa CEO... 

Minerals Council South Africa CEO Mzila Mthenjane
South African public-private sector exploration webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

ESG key as investors back gold ETPs, metals funds – Tabula

By: Sabrina Jardim     17th May 2024 Gold exchange-traded products (ETPs) and metals funds are expected to benefit the most from positive flows into the commodities sector this year, with an environmental, social and governance (ESG) focus crucial to maximising inflows, research from European exchange-traded fund provider Tabula... 

Glencore expands adherence to standards, reporting frameworks to ensure sustainability

By: Marleny Arnoldi     17th May 2024 Global diversified miner Glencore’s emissions and energy use increased in 2023, but the group continues to make strides in managing its operations sustainably and according to ever-evolving standards. Glencore’s total energy use last year was 202 PJ, compared with 194 PJ in 2022. Renewable... 

Glencore's head office
Photo by Bloomberg
Glencore's head office

Petra weathers lower diamond prices in latest tender

By: Tasneem Bulbulia     17th May 2024 Independent diamond miner Petra Diamonds’ sixth tender cycle for the 2024 financial year yielded $44-million from the sale of 371 000 ct.   CEO Richard Duffy says like-for-like prices were marginally down through this seasonally quiet period, being 2.6% lower than for Tender 5, with demand... 

An image of Petra CEO Richard Duffy
CEO Richard Duffy

BHP needs to bid about £32 a share for Anglo, JPMorgan says

By: Reuters     17th May 2024 HP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. They raised their price target for London-listed Anglo to £27.75 a share after reexamining the value of its copper assets, and said the... 

BHP needs to bid about £32 a share for Anglo, JPMorgan says

Trafigura says aluminium rally is ‘over done’ as supply returns

By: Bloomberg     17th May 2024 Aluminum prices should decline by at least 6% over the next six months as supply returns to the market and high interest rates continue to crimp manufacturing demand, according to an analyst from Trafigura Group, one of the biggest traders of the metal. “We’re looking at a very grim demand... 

Trafigura says aluminium rally is ‘over done’ as supply returns

Today’s well-supplied market for critical minerals ‘may not be a good guide for future’ 

By: Terence Creamer     17th May 2024 A new International Energy Agency (IEA) report describes the sharp decline in critical mineral prices over the past year as a double-edged sword, cautioning that, while it has been a boon for clean energy deployment and affordability, it is a bane for critical mineral investment and... 

Investment in certain minerals, notably copper and lithium, is falling short of what was required for transition to net-zero energy system
Investment in certain minerals, notably copper and lithium, is falling short of what was required for transition to net-zero energy system

Anglo American has sought fertiliser partners for months, says CEO

By: Reuters     17th May 2024 Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, CE Duncan Wanblad told Reuters, reiterating the business will be one of three pillars of the revamped miner, even as work there stalls. The London-listed miner outlined a radical plan... 

Polyhalite produced at Anglo American's Woodsmith mine

Horizonte goes into administration amid funding shortfall for Brazil nickel project

By: Mariaan Webb     16th May 2024 Dual-listed Horizonte Minerals has appointed Chad Griffin and Geoff Rowley as administrators, following its inability to secure full financing for the Araguaia nickel project, in Brazil. Despite negotiations with secured creditors and both existing and potential investors to explore alternative... 

Horizonte goes into administration amid funding shortfall for Brazil nickel project

PGM-boosted green hydrogen backed by resolute South African govt's commitment  

By: Martin Creamer     16th May 2024 The production of green hydrogen, which is most effectively generated when catalysed by platinum group metals (PGMs), has profound economic and social implications, including job creation, skills development, and the fostering of new industries along a multifaceted mining, manufacturing and... 

Higher Education & Training DDG Zukile Mvalo
Higher Education & Training DDG Zukile Mvalo’s green hydrogen presentation covered by Mining Weekly’s Martin Creamer. Video: Creamer Media’s Shadwyn Dickinson. Video Editing: Nicholas Boyd.

Large igneous phosphate resource in Norway could redefine EU critical minerals supply chain

By: Darren Parker     16th May 2024 Norwegian mining and exploration company Norge Mineraler chairperson John Vergopoulos says the discovery of a large igneous phosphate deposit sets the company apart as a key supplier of raw critical materials for the European Union’s (EU’s) energy transition. Norge has identified a geological... 

russian phosphate
Photo by Bloomberg
The main supplier of igneous phosphate to the EU was Russia, which is no longer viable

Anglo unveils hiring freeze, document shows, after rejecting $43bn takeover bid

By: Reuters     16th May 2024 Anglo American has suspended hiring globally, it said on Thursday, as it gets plans under way to simplify itself and build value – and avert a $43-billion takeover bid by Australia's BHP. Anglo laid out plans on Tuesday to refocus its company on energy transition metal copper while spinning out... 

The recruitment of new non site-based permanent employees and contractors has been stopped.
The recruitment of new non site-based permanent employees and contractors has been stopped.

State mining training authority backing green hydrogen skills centre creation   

By: Martin Creamer     15th May 2024 “We’re very excited to announce that we’ll be establishing the first centre of specialisation of green hydrogen skills,” South Africa’s Chemical Industries Education and Training Authority (CHIETA) CEO, Yershen Pillay, made public this week. CHIETA is working on this with South Africa’s mining... 

CHIETA CEO Yershen Pillay
Nedbank CIB Green Hydrogen Roundtable covered by Mining Weekly's Martin Creamer. Video: Creamer Media's Shadwyn Dickinson. Video Editing: Creamer Media's Nicholas Boyd

BHP shareholders see room for one more sweetened Anglo bid

By: Bloomberg     15th May 2024 Shareholders in BHP Group and takeover target Anglo American expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the smaller company laid out a bold restructuring plan of its own on Tuesday. Anglo has twice rejected... 

A BHP office building

MRC in talks to take full control of WA graphite project

By: Mariaan Webb     15th May 2024 Graphite-focused Mineral Commodities (MRC) is in negotiations with its joint venture (JV) partner in the Munglinup project, on Western Australia’s Fitzgerald coast, to settle a dispute regarding its right to increase its interest in the project. The company currently holds a 51% interest... 

MRC in talks to take full control of WA graphite project

Atlantic appoints versed Ghanaian lawyer, corporate banker to its board

By: Marleny Arnoldi     15th May 2024 Aim-, ASX- and Ghana Stock Exchange-listed Atlantic Lithium has appointed Edward Koranteng as nonexecutive director to the board effective immediately. As a lawyer and experienced corporate investment banker with experience in Ghana, he can support the company’s objectives of delivering the... 

Artist impression of planned Ewoyaa project
Artist impression of planned Ewoyaa project

Elementos restarts Spanish tin DFS with modified layout

By: Mariaan Webb     15th May 2024 The definitive feasibility study (DFS) and licensing activities for the Oropesa tin project will resume, following an agreement between Elementos and the Andalusian government on project layout modifications to address community and environmental concerns. The negotiations with government have... 

The modified site layout of the Oropesa tin project in Spain
The modified site layout of the Oropesa tin project in Spain

De Beers IPO considered amid break-up plans, sources say

By: Reuters     15th May 2024 Anglo American is exploring an initial public offering of its diamond business De Beers, two people familiar with the matter told Reuters on Tuesday, with one flagging London as the preferred venue. The potential listing was the default option, the second person said, although the process is at... 

Anglo moved into De Beers’ London offices when the lease on its own site expired.
Anglo moved into De Beers’ London offices when the lease on its own site expired.

Anglo ditching De Beers is hard blow for troubled diamond market

By: Bloomberg     15th May 2024 The diamond industry has already been feeling the heat. Prices have slumped, Russian sanctions are threatening trade and the emergence of lab-grown gems is eating into some key traditional markets. Now, the sector’s most dominant name is being cast adrift. Anglo American on Tuesday said it will... 

Anglo ditching De Beers is hard blow for troubled diamond market
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