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Popular in the last 24 hours

Ramokgopa describes IPP surpluses as low-hanging fruit amid delay in finding contractual solution 

By: Terence Creamer     Updated 1 hour 3 minutes ago Electricity Minister Kgosientsho Ramokgopa describes surplus electricity arising from existing renewable energy facilities as “low hanging fruit” in improving the supply-demand balance and reports that discussions are under way to assess ways to make this energy available to the grid. Speaking... 

Electricity Minister Kgosientsho Ramokgopa
Electricity Minister Kgosientsho Ramokgopa

China is front and center of gold's record-breaking rally

By: Bloomberg     22nd April 2024 Gold’s rise to all-time highs above $2 400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and center of the extraordinary ascent. Worsening geopolitical tensions, including war in the Middle East and Ukraine, and... 

China is front and center of gold's record-breaking rally

South32 expects prolonged suspension of Groote Eylandt manganese exports

By: Mariaan Webb     22nd April 2024 Commodities giant South32 said on Monday that manganese ore exports from Groote Eylandt mine, in the Northern Territory, were likely to remain suspended until 2025 owing to extensive damaged caused by a tropical cyclone last month. The cyclone, which ravaged the region on March 16 and 17,... 

South32 expects prolonged suspension of Groote Eylandt manganese exports

Mayur secures $155m for PNG lime project

By: Mariaan Webb     22nd April 2024 Australia-listed Mayur Resources on Monday announced complete funding for its flagship Central Lime Project (CLP), marking a step towards positioning Papua New Guinea as a major lime exporter in the Australasian region. The financing, totaling $155-million, has been secured through a combination... 

Mayur secures $155m for PNG lime project

QPM shifts focus to gas and energy, curtails TECH spending

By: Creamer Media Reporter      22nd April 2024 Mining and energy group Queensland Pacific Metals (QPM) has unveiled a strategic overhaul aimed at accelerating growth and advancement of its gas and energy assets. The ASX-listed company has chosen to priorities the expansion and enrichment of its Moranbah gas project, in the Bowen Basin. 

QPM shifts focus to gas and energy, curtails TECH spending

Ramelius achieves record production, raises FY guidance

By: Mariaan Webb     22nd April 2024 Western Australian gold miner Ramelius Resources has posted record gold production of 86 928 oz in the March quarter. This has prompted the company to revise its full-year guidance, now forecasting a range of between 285 000 oz and 295 000 oz, surpassing the previous target of between 265 000 oz... 

The Symes openpit at the Edna May operation, in Western Australia
The Symes openpit at the Edna May operation, in Western Australia

Vale Indonesia shareholders approve rights issue plan

By: Reuters     22nd April 2024 Shareholders of nickel miner PT Vale Indonesia approved a rights issue that will facilitate the acquisition of a stake by Indonesia state mining holding company MIND ID, the company said in a statement late on Friday. Vale Canada and Japan's Sumitomo Metal Mining had agreed to sell 14% of the... 

Australian pension major votes against Woodside chair, climate plan ahead of AGM

By: Reuters     Updated 7 hours ago Australia's third-largest pension fund has voted against the re-election of Woodside Energy chair Richard Goyder and the firm's climate action plan in a rebuke to the company's campaign to win shareholder support for its emissions plan. Aware Super, which manages A$170-billion, said in a... 

Australian pension major votes against Woodside chair, climate plan ahead of AGM

BHP says it aims to receive first ammonia-fuelled bulk carrier in 2026

By: Reuters     Updated 7 hours ago Australia's BHP Group is planning to receive its first ammonia-fuelled bulk carrier in 2026 as part of the company's plans to cut shipping emissions, a senior executive said. The global mining giant has shortlisted eight companies for the building, operation and fuel supply for at least one such... 

Nornickel set to build copper plant in China after shutting Russian factory

By: Reuters     Updated 6 hours ago Metals giant Nornickel will close its copper plant that seeks to cut sulphur dioxide emissions in the Russian Arctic and build a new one in China, CEO Vladimir Potanin said, after Western technology partners refused to supply parts. Nornickel, the world's largest palladium producer and a major... 

Vladimir Potanin
Vladimir Potanin

Copper nears $10 000 as investors bet on rising global demand

By: Bloomberg     Updated 6 hours ago Copper edged closer to $10 000 a ton after an April rally fueled by bets that a recovering global economy will lift demand for industrial materials. Metals have posted broad gains in recent weeks, and copper opened Monday with a fresh advance to a two-year high. Signs of improvement in... 

Copper nears $10 000 as investors bet on rising global demand

Association condemns BLM’s Conservation and Landscape Rule as industry lockout

By: Mariaan Webb     Updated 5 hours ago The Essential Minerals Association (EMA) has raised objections to the Bureau of Land Management’s (BLM’s) final Conservation and Landscape Health rule, citing concerns over what it perceives as a deliberate exclusion of the mining sector from federal lands. President Chris Greissing has voiced... 

Department of Interior Secretary Deb Haaland says the rule's focus is to bolster landscape resilience in the face of climate change.
Department of Interior Secretary Deb Haaland says the rule's focus is to bolster landscape resilience in the face of climate change.

Albemarle, Cummins receive tax credits under Biden's clean energy drive

By: Reuters     Updated 5 hours ago Albemarle, Cummins and Siemens Energy are some companies that received tax credit under a section of the Inflation Reduction Act (IRA), according to details released on Friday by the US Department of Energy (DOE). Thirty five projects, focused on electrical grid enhancements, critical minerals,... 

Newmont promotes Hardy to chief technology officer

By: Creamer Media Reporter      Updated 5 hours ago US-headquartered gold major Newmont on Friday announced the appointment of Francois Hardy as new chief technology officer (CTO). With more than three decades of technical and operational expertise in the mining industry, Hardy brings a wealth of experience to his new role. Having joined Newmont... 

Francois Hardy
Francois Hardy

Gem Diamonds recovers 169 ct diamond in Lesotho

By: Marleny Arnoldi     Updated 5 hours ago London-listed Gem diamonds has recovered a 169.15 ct Type II white diamond from the Letšeng mine, in Lesotho. The find marks the fourth diamond greater than 100 ct that Gem has recovered in the year-to-date.  

Gem Diamonds' 169.15 ct Type II white diamond
Gem Diamonds' 169.15 ct Type II white diamond

Base Resources, Energy Fuels to merge, create enhanced critical minerals company

By: Tasneem Bulbulia     Updated 5 hours ago ASX- and Aim-listed Base Resources and US-based uranium and critical minerals producer Energy Fuels have reached a binding agreement for Energy Fuels to acquire 100% of the issued shares in Base Resources by way of scheme of arrangement. Base shareholders are to receive 0.0260 Energy Fuels common... 

Exploration drilling at the Toliara project
Exploration drilling at the Toliara project

Lucapa sells three diamonds for $10.5m in first tender

By: Marleny Arnoldi     Updated 4 hours ago ASX-listed Lucapa Diamond Company has sold three exceptional diamonds recovered from the Lulo mine, in Angola, for $10.5-million at tender. The tender was concluded on April 19 and was conducted by Sodiam, in Luanda.  

203 ct Type IIa diamond
A 203 ct Type IIa diamond as part of Lucapa's first Lulo tender of the year

South32 reports improved operating results for March quarter

By: Darren Parker     Updated 3 hours ago 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

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

By: Tasneem Bulbulia     Updated 3 hours ago 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... 

Merafe reports 26% y/y decrease in first-quarter ferrochrome production

By: Sabrina Jardim     Updated 2 hours 57 minutes ago JSE-listed Merafe has reported that its attributable ferrochrome production from the Glencore Merafe Chrome Venture in the first quarter ended March 31 was 77 000 t. This represents a 26% decrease from the 103 000 t produced in the first quarter of 2023. 

Rich copper intercept in N Cape sends Orion’s shares soaring on Australian exchange

By: Martin Creamer     Updated 2 hours 14 minutes ago The richness of South Africa’s copper assets were emphasised on Monday when Northern Cape mine developer and explorer Orion Minerals published a standout intercept that sent its shares rocketing up 58% on the Australian Stock Exchange (ASX). Orion, headed by CEO Errol Smart, is primarily listed... 

Orion Minerals CEO Errol Smart.
Orion Minerals CEO Errol Smart.

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