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Lead News

Glencore sells stake in Peru zinc miner Volcan

By: Creamer Media Reporter      7th May 2024 Swiss-headquartered Glencore has announced a definitive agreement to sell its stake in Volcan Compañia Minera to a subsidiary of Integra Capital. Transition Metals will pay Glencore $20-million for a stake in Volcan, which mines zinc, lead and silver in Peru. 

How 30 years of democracy has transformed South Africa's mining industry  

By: Martin Creamer     25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... 

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

Zambian claimants get permission to appeal class action lawsuit against Anglo American

By: Tasneem Bulbulia     22nd April 2024 The Johannesburg High Court on April 19 granted permission to appeal an earlier ruling denying class action certification for 140 000 women and children in Kabwe, Zambia, who allege they have suffered the effects of lead poisoning as a result of a mine formerly owned by Anglo American in the... 

South32 reports improved operating results for March quarter

By: Darren Parker     22nd April 2024 Diversified miner South32 has reported an overall improvement in its operating results for the March quarter and record year-to-date production at Hillside Aluminium, in KwaZulu-Natal, and South Africa Manganese, in the Northern Cape, along with a 60% increase in quarterly volumes at Illawarra... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

Sierra records 36% y/y increase in first-quarter copper production

By: Darren Parker     19th April 2024 For the first quarter of this year, TSX-listed copper producer Sierra Metals has recorded a 36% year-on-year increase in consolidated copper production of 11.2-million pounds from its two underground mines in South America, the Yauricocha polymetallic mine, in Peru, and the copper-producing... 

Sierra Metals' Bolivar mine

Minerals Council South Africa setting out to boost local demand for green hydrogen 

By: Martin Creamer     17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... 

From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha
From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha.

Metals spike on LME after Russian supply hit by US, UK sanctions

By: Bloomberg     15th April 2024 Aluminum and nickel surged on the London Metal Exchange as traders responded to new US and UK sanctions that banned deliveries of any Russian supplies produced after midnight on Friday. The new restrictions, aimed at curbing President Vladimir Putin’s ability to fund his military, inject major... 

The new restrictions are at curbing President Vladimir Putin’s ability to fund his military
The new restrictions are at curbing President Vladimir Putin’s ability to fund his military

South Africa's science, innovation dept launches circular minerals, metals initiative 

By: Darren Parker     11th April 2024 South Africa's Department of Science and Innovation (DSI), through the Council for Scientific and Industrial Research (CSIR), has launched the first of three new government-led collaborative circular economy initiatives focusing on priority economic sectors that were identified by government in... 

DSI technology innovation deputy director general Mmboneni Muofhe
Photo by Creamer Media
DSI technology innovation deputy director general Mmboneni Muofhe

Platinum-linked green hydrogen set to be world’s ‘new oil’, Forbes article highlights  

By: Martin Creamer     10th April 2024 There's no climate solution without hydrogen. It’s the missing piece of the clean energy puzzle, says a global CEO-led initiative that brings together leading companies with a united vision. This initiative has ballooned to 150 multinationals companies from its modest 13-leader 2017 launch at the... 

Hydrogen economy, platinum group metals go together.
Photo by Inforgraphic: Heraeus Precious Metals
Hydrogen economy, platinum group metals go together.

Use underground mines for electricity storage, optimise mine water use – Karst Hydro  

By: Martin Creamer     8th April 2024 South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up with a utility that supplies them clean water along with a store of cheap and reliable green energy. 

Karst MD Guy Richards.
Karst interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mines investing R46m to put an end to fall-of-ground fatalities   

By: Martin Creamer     5th April 2024 South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South Africa with the assistance of its Rock Engineering Technical Committee, and supported by the South... 

The next breakthrough must be zero fatality
Action plan to end fall of ground fatalities covered by Mining Weekly's Martin Creamer.

Abra Mining goes into administration

By: Creamer Media Reporter      5th April 2024 Richard Tucker and Robert Hutson of KordaMentha Restructuring have been appointed as voluntary administrators of Abra Mining, which owns and operates a lead and silver mine in the Gascoyne region of Western Australia. The appointment of administrators follows efforts by the company and its... 

The Abra plant during construction in June 2022
The Abra plant during construction in June 2022

Mechanical cutting is going to be key for mining going forward – Master Drilling  

By: Martin Creamer     26th March 2024 Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg Stock Exchange-listed company presented a dividend-yielding set of 2023 full-year results that... 

Master Drilling CEO Danie Pretorius.
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI  

By: Martin Creamer     22nd March 2024 Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become greener as it keeps innovation closest to its rapidly internationalising heart. 

AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
AECI CEO Holger Riemensperger interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Boliden sees $48m hit to Q1 profit from strike in Finland

By: Reuters     22nd March 2024 Sweden's Boliden expects a hit of around 500-million crowns ($47.6-million) to its first-quarter operating profit from an ongoing industrial strike in Finland, the company said. Of the 500-million crowns, 200-million is due to reduced production and 300-million to delayed deliveries to customers,... 

One of Boliden's mines in Sweden

Stage set for mining explosives centenarian to capture global top-three spot   

By: Martin Creamer     20th March 2024 The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an enthusiastically applauding audience at the Johannesburg Stock Exchange (JSE), where the newly strategised... 

Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
AECI's 100-year celebration covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer. Picture: Hush Naidoo.

Top treasury official stresses US ambitions for Africa’s metals

By: Bloomberg     19th March 2024 US Deputy Treasury Secretary Wally Adeyemo used a five-day trip to South Africa to advertise his country’s ambitions of securing supplies of the metals needed for the global energy transition – materials that abound in Africa. Adeyemo, in a speech to US businesses active in the country, stressed... 

US Deputy Treasury Secretary Wally Adeyemo
US Deputy Treasury Secretary Wally Adeyemo

ARM declares interim dividend from robust net cash position

By: Martin Creamer     8th March 2024 Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of R6 a share is well down on the R14 a share declared in the corresponding period of last year. 

ARM Executive Chairperson Dr Patrice Motsepe.
ARM Executive Chairperson Dr Patrice Motsepe.

Adriatic opens new $250m mine in Bosnia

By: Mariaan Webb     6th March 2024 ASX-listed Adriatic Metals has officially opened the Vares silver and lead mine, in Bosnia and Herzegovina, with the newly constructed plant producing its first concentrate in late February. The Rupice mine, from which the ore for the Vares processing plant is sourced, started mining in July... 

Adriatic opens new $250m mine in Bosnia

Metals offer lukewarm reaction to China's economic targets

By: Bloomberg     6th March 2024 Base metals drifted lower as traders assessed China’s 2024 economic goals for clues on the prospects for a significant rebound in the construction sector. Industrial commodities have struggled this year amid a disappointing recovery in the world’s second-largest economy, and investors are... 

South32 board approves $2.16bn US zinc mine

By: Mariaan Webb     15th February 2024 The board of South32 has given the green light for the development of the Taylor polymetallic deposit – the first development at its regional-scale Hermosa project in the US state of Arizona. The development of Taylor, which is aligned with the group’s strategy to reshape its portfolio, will... 

The Hermosa project in the US state of Arizona
The Hermosa project in the US state of Arizona

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Vedanta focused on becoming ESG leader 

7th February 2024 Good governance and sustainable development are at the core of diversified global natural resources and technology conglomerate Vedanta Group's strategy, with a strong focus on health, safety and environment, and on enhancing the lives of local communities. The group is focused on becoming the... 

Vedanta focused on becoming ESG leader

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Nigeria to offer investors 75% stake in proposed solid minerals firm

By: Reuters     31st January 2024 Nigeria plans to offer investors at least a 75% stake in a proposed solid minerals corporation, a minister said on Tuesday, as lawmakers draft legislation to create the new state-backed firm to wean the West African country from its reliance on oil. Africa's top energy producer has struggled to... 

Coal miner Ndalamo pursuing renewable energy, other minerals

By: Martin Creamer     31st January 2024 Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo states this in an Op-Ed in relation to the overarching theme of next week's 2024 Investing in... 

Ndalamo CEO Shammy Luvhengo.
Ndalamo CEO Shammy Luvhengo.

Anglo launches battery raw materials research project with large China recycler 

By: Martin Creamer     26th January 2024 South Africa-founded and Johannesburg- and London-listed Anglo American on Friday announced the launch of a research and development project in collaboration with one of China’s largest battery and battery material recyclers. The purpose of the project with Shenzhen-based GEM is to explore new... 

GEM and Anglo teams at signing ceremony.
GEM and Anglo teams at signing ceremony.

Base metals navigating macroeconomic uncertainties

19th January 2024 With market dynamics presenting a mixed bag of challenges and potential opportunities, base metal nickel, specifically, has experienced notably low prices, averaging at $18 255/t in October 2023, which cross-commodity price reporting agency Fastmarkets says “prompts a cautious re-evaluation of... 

POTENTIAL REBOUND
Recent price increases suggest a potential rebound for copper in the macroeconomic environment
POTENTIAL REBOUND Recent price increases suggest a potential rebound for copper in the macroeconomic environment

Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister 

By: Martin Creamer     18th January 2024 The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview with Radio 702 host Clement Manyathela on Thursday. Mantashe disclosed to Manyathela that agreement had... 

Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Gwede Mantashe

Global mining commits to nature-positive future 

By: Martin Creamer     18th January 2024 Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems and natural processes. International Council of Metals and Minerals (ICMM) members have pledged... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

South Africa-linked mining luminaries advising on metals industry greening 

By: Martin Creamer     17th January 2024 South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive smelters, toxic chemicals and strong acids. 

Ian Cockerill, Mark Cutifani and Tony O'Neill
Photo by Creamer Media
Ian Cockerill, Mark Cutifani and Tony O'Neill

Smart wristwatches to uplift mineworker well-being at Copper 360  

By: Martin Creamer     16th January 2024 Computer programmes that use artificial intelligence (AI) to model orebodies and plan mines optimally have already been introduced by Copper 360, says the JSE AltX-listed Northern Cape copper mining company, which is developing the Rietberg copper mine, the first of a dozen copper mining assets... 

Copper 360 CEO Jan Nelson
Copper 360 CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

JSE presents opportunity for critical mineral miners to access capital  

By: Martin Creamer     12th January 2024 Critical mineral demand is growing significantly at a time when South Africa has a pressing need to reawaken its public markets – two crucial needs that can be fulfilled in one go by companies raising capital on the Johannesburg Stock Exchange (JSE) to fund their entry into the critical minerals... 

JSE business development manager Patrycja Kula-Verster
JSE Business Development Manager Patrycja Kula-Verster interviewed by Engineering News & Mining Weekly.

Bear Creek Mining appoints CFO

By: Creamer Media Reporter      20th December 2023 Gold and silver miner Bear Creek Mining Corporation has appointed Fernando Ragone CFO, with effect from December 18. Ragone, a mining finance executive with 28 years of experience, has held senior executive positions at numerous large companies in Canada, Peru, Mexico, the US, Argentina,... 

South African court denies class action against Anglo American

By: Reuters     17th December 2023 South Africa's High Court has ruled that a class action lawsuit against miner Anglo American brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the claimants said on Saturday. Victims of the alleged poisoning had accused Anglo's South African unit of... 

An Anglo American logo on a jacket

Mining urged to embrace international council’s new Scope 3 emissions guidance 

By: Martin Creamer     13th December 2023 All mining and metals companies are being urged to embrace new guidance on reducing Scope 3 emissions, which was published by the International Council for Mining and Metals (ICMM) on Wednesday. The guidance is a tool to assist mining companies in their engagement with the financial sector,... 

ICMM CEO Rohitesh Dhawan.
ICMM CEO Rohitesh Dhawan.
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