R/€ = 20.3538 Change: -0.0283
R/$ = 19.1240 Change: 0.0301
Au 2340.13 $/oz Change: -51.71
Pt 935.40 $/oz Change: -8.10

Popular This Month

NTCSA begins consultations on market code to govern shift towards competitive electricity industry 

By: Terence Creamer     19th April 2024 With the National Transmission Company South Africa (NTCSA) currently scheduled to be operationalised in July and efforts under way to ensure that the Electricity Regulation Act (ERA) Amendment Bill is passed by the current Parliament, work is now advancing on the market code for the future... 

NTCSA begins consultations on market code to govern shift towards competitive electricity industry

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

West Africa-focused gold miner Asante to bid for Newmont’s Akyem

By: Bloomberg     10th April 2024 Newmont Corp’s Akyem gold mine is a target for Ghana-focused producer Asante Gold Corp, which plans to bid for the asset against potential Chinese buyers this month. “We expect to be part of this process,” Asante CEO Dave Anthony said in an interview Tuesday. “We look at Akyem as being a mine... 

West Africa-focused gold miner Asante to bid for Newmont’s Akyem

World’s top aluminum producer sees raw material supply risk in Guinea

By: Bloomberg     28th March 2024 Aluminum Corp of China said it sees “relatively high” risks to supplies of bauxite from Guinea, highlighting its growing dependence on a single country for the raw material. The West African nation last year provided 70% of China’s imports of bauxite, which is used to produce aluminum. That’s... 

Gemfields swings to a loss on PGM investment writedown, but gemstone business flourishes

By: Sabrina Jardim     22nd March 2024 Gemstone miner Gemfields has recorded its second highest yearly revenues in 2023, on the back of record prices being paid for its rough coloured gemstones sold at auction. Gemfields CEO Sean Gilbertson notes, however, that production of premium rough gemstones has been weaker at its two key... 

Calidus raises A$16.5m through share placement

By: Darren Parker     22nd March 2024 ASX-listed Calidus Resources has received firm commitments from institutional, sophisticated and professional investors for the placement of about 143.6-million new fully paid ordinary shares at an issue price of A$0.115 to raise about A$16.5-million. Proceeds from the placement will be used to... 

Grizzly emerald auction generates $19m in sales

By: Sabrina Jardim     22nd March 2024 Emerald producer Grizzly Mining’s latest international emerald auction, in Dubai, of medium- to high-grade rough emeralds recovered from its flagship Grizzly emerald mine, in Zambia, generated $19-million worth of sales. With 76 clients having attended, the auction saw a single exceptional 4 145... 

Image of an emerald stone

Askari raises A$1.6m for lithium, uranium developments

By: Marleny Arnoldi     22nd March 2024 ASX-listed Askari Metals has successfully raised A$1.6-million through a share placement. Tranche 1 of the placement is made up of 18.1-million shares, while Tranche 2, which is subject to shareholder approval, will comprise 6.5-million shares.  

Congo overtakes Peru on copper output, still behind on exports

By: Reuters     24th March 2024 The Democratic Republic of the Congo overtook Peru as the world's second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations show. Congo produced about 2.84 million tons of copper last year, the country's central bank... 

The Tenke Fungurume mine in the DRC
Photo by Reuters
The Tenke Fungurume mine in the DRC

Fortescue eyes developing its copper assets, not looking at Cobre Panama

By: Reuters     24th March 2024 Australia's Fortescue, the world's fourth-largest iron-ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairperson told Reuters on Saturday. "The company has choices in front of it ... we have a lot of copper options on the... 

The Cobre Panama mine
The Cobre Panama mine

Human rights court orders Peru to pay damages to Peru mining town

By: Reuters     24th March 2024 The Inter-American Court of Human Rights on Friday ordered Peru to pay damages to residents of an Andean town for violations of their right to a healthy environment from years of air, water and soil pollution from a nearby mine. The court ruled the state failed to comply with its duty to regulate... 

Tianqi seeks shareholder voting power in Chile's SQM-Codelco lithium deal

By: Reuters     24th March 2024 China's Tianqi Lithium Corp on Friday urged Chile's SQM to hold a shareholders vote over a lithium deal under discussion with State-run copper miner Codelco, and criticized a lack of clarity in the negotiations. Tianqi holds about a 20% stake in SQM, which is ironing out the details of a joint... 

A brine pool at SQM's operations in Chile

Major investors more confident in Australia’s climate policy

By: Bloomberg     25th March 2024 Investors with a combined A$35-trillion in assets are becoming more optimistic about Australia’s climate policy, with roughly half considering financing renewable-energy projects, according to an extract of a survey released Monday. Only 40% of the 63 respondents in the Investor Group on Climate... 

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.

ERA reaffirms it has no development plans for Jabiluka site

By: Mariaan Webb     25th March 2024 Energy Resources Australia (ERA), a subsidiary of Rio Tinto, has reaffirmed that it has no plans to develop the globally significant uranium body at Jabiluka, in Northern Territory. The company has lodged an application to renew the lease on the uranium deposit against the wishes of Indigenous... 

FBM to acquire Miriam lithium project, appoints Power as chair

By: Mariaan Webb     25th March 2024 Perth-based Future Battery Metals (FBM) on Monday announced a strategic acquisition that consolidates its landholding near its flagship Kangaroo Hills lithium project in the Eastern Goldfields of Western Australia. The company will buy 85% of Coolgardie Nickel, a subsidiary of ASX-listed Corazon... 

Nev Power
Nev Power

First bulk shipment from Thunderbird departs Broome

By: Creamer Media Reporter      25th March 2024 The maiden bulk shipment of about 10 000 metric tonnes of nonmagnetic (zircon) concentrate from the Thunderbird mineral sands mine, in Western Australia, has departed the Port of Broome. The shipment, which also included an additional 1 100 metric tonnes of bagged zircon concentrate, will be... 

First bulk shipment from Thunderbird departs Broome

Patriot makes new Corvette discovery

By: Creamer Media Reporter      25th March 2024 Dual-listed Patriot Battery Metals on Monday announced a new spodumene pegmatite discovery along geological trend of the CV9 and CV10 clusters at the Corvette property, in Quebec. The new occurrence, known as CV14, delivered grab sample assays of 0.94% lithium oxide (Li2O) and 0.86% Li2O. The... 

Uranium’s 22% price plunge is bottoming out on nuclear future

By: Bloomberg     25th March 2024 Uranium may have lost some sizzle after an electrifying 10-month rally, but analysts and investors aren’t losing faith in the long-term prospects of the nuclear fuel. After a 22% decline over six weeks, industry experts and analysts say that the uranium market has likely set a new floor thanks... 

Uranium’s 22% price plunge is bottoming out on nuclear future

Mining sector meets target to reduce TB levels to below national average

By: Tasneem Bulbulia     25th March 2024 The South African mining industry has made significant inroads into addressing tuberculosis (TB) since 2017 and has met its ten-year target to reduce the incidence rate among mineworkers to below national levels, industry body the Minerals Council South Africa says. In 2014, the Mine Health and... 

An image of Minerals Council health head Dr Thuthula Balfour
Minerals Council health head Dr Thuthula Balfour

$475m in US govt funding for clean energy projects on former mine land

By: Creamer Media Reporter      25th March 2024 The US Department of Energy (DoE) has announced up to $475-million in funding for five projects in Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia to accelerate clean energy deployment on current and former mine land. The funding, made possible by the Bipartisan Infrastructure Law,... 

US US Secretary of Energy Jennifer Granholm
US US Secretary of Energy Jennifer Granholm

Botswana Diamonds achieves several positive developments in 2023

By: Tasneem Bulbulia     25th March 2024 Diamond miner Botswana Diamonds chairperson John Teeling has outlined some positive developments achieved by the company during 2023, including that a gravity survey has discovered a high-grade anomaly similar in size or larger than the KX36 high-grade kimberlite pipe in the Kalahari. In an... 

An image of Botswana Diamonds' Ghaghoo mine.
There is interest from a new investor in potentially acquiring the Ghaghoo mine.

Coal is preparing for a long goodbye

By: Bloomberg     25th March 2024 More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity — pushing Beijing back to trusted power sources — plus rising Indian demand, the continued fallout from the... 

Coal is preparing for a long goodbye

NTCSA unbundling secures lender consent, Ramokgopa confirms 

By: Terence Creamer     25th March 2024 Electricity Minister Kgosientsho Ramokgopa reports that Eskom’s eight “lender groups” have given their consent to the establishment of the National Transmission Company South Africa (NTCSA) as a separate subsidiary under Eskom Holdings. Bondholder consent was one of several key approvals required... 


Goldplat remains profitable despite South African headwinds

By: Tasneem Bulbulia     25th March 2024 Aim-listed Goldplat, with gold recovery operations in South Africa and Ghana, continued to achieve profitable results for the six months ended December 31, 2023, despite some of the difficult circumstances experienced in South Africa, CEO Werner Klingenberg says in unaudited interim results... 

Major Chinese miner says US-led containment is risk to growth

By: Bloomberg     25th March 2024 Zijin Mining Group, one of China’s most acquisitive mining groups, warned that US-led efforts to tackle Beijing’s control of minerals could slow the company’s global expansion. “The development of the Chinese economy and the Chinese mining industry is becoming more difficult,” Zijin’s Chairman... 

Pilbara and Ganfeng to study lithium conversion plant

By: Creamer Media Reporter      25th March 2024 Lithium miner Pilbara Minerals has announced a joint feasibility study with China’s Ganfeng Group to develop a downstream lithium conversion plant. The study, which will be completed in the March quarter of next year, will consider a conversion plant that could produce 32 000 lithium carbon... 

Pilbara and Ganfeng to study lithium conversion plant

OreCorp recommends shareholders accept amended Perseus offer

By: Marleny Arnoldi     25th March 2024 ASX-listed OreCorp has recommended to shareholders that they accept an amended offer made by ASX- and TSX-listed Perseus Mining to buy out all shares it does not own in the company for A$0.575 apiece. This follows rival bidder TSX-listed Silvercorp not having amended its own offer of A$0.53 in... 

Gold bars

Newmont’s Akyem Ghana gold mine draws Chinese interest

By: Reuters     24th March 2024 Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal, people with knowledge of the matter said. Newmont is working with Citigroup Inc. on the disposal and they have... 

Optimum coal to be exported from Richards Bay terminal from next month

By: Tasneem Bulbulia     25th March 2024 Richards Bay Coal Terminal (RBCT), Liberty Coal/Liberty Coal Terminal and the business rescue practitioners (BRPs) of Optimum Coal Mine (OCM) and Optimum Coal Terminal (OCT) have reached an agreement on the terms and conditions on which coal from the Optimum coal mine will start being exported... 

An image of coal at the Richards Bay Coal Terminal
Photo by Bloomberg
Coal from the Optimum coal mine will start being exported through the Richards Bay Coal Terminal terminal as soon as the necessary rail arrangements with Transnet are finalised

Ionic reaches steady-state output of rare earth oxide from demo plant, starts planning commercial plant

By: Marleny Arnoldi     25th March 2024 ASX-listed Ionic Rare Earths has achieved continuous production from its magnet recycling demonstration plant in Belfast, in the UK. The facility has produced 11.5 kg of didymium oxide (neodymium and praseodymium oxide) grading 99.8%.  

Rare earth oxides

Kenmare secures new $200m facility

By: Tasneem Bulbulia     25th March 2024 London-listed Kenmare Resources, operator of the Moma titanium minerals mine, in northern Mozambique, has secured a funding package to refinance a maturing revolving credit facility (RCF) and a five-year term loan facility. RMB, acting as the initial mandated lead arranger (IMLA) on the deal, as... 

An image of the Moma mine in Mozambique
Kenmare has invested more than $1.4-billion into the Moma mine since inception

Gravelotte processing, sorting plant commissioning under way

By: Creamer Media Reporter      25th March 2024 London-listed gemstone miner URA Holdings has started commissioning of the processing and sorting plants at its Gravelotte emerald mine, in South Africa. "We are pleased to report that we are on track to first production before the end of April and the start of commission of the processing and... 

Mkango raises £750 000 to advance rare earth magnet recycling, launches strategic review

By: Tasneem Bulbulia     25th March 2024 Aim-listed Mkango Resources has conditionally raised gross proceeds of £750 000 via a direct company subscription from existing shareholders, including a £150 000 investment by CEO William Dawes. The proceeds will be used for the acquisition of additional equipment to underpin subsidiary... 

Ferrochrome benchmark price settles higher 

By: Martin Creamer     25th March 2024 The European benchmark ferrochrome price for the second quarter of this year has been settled at $1.52/lb, 5.6% up on the first three months of 2024, Merafe Resources informed shareholders on Monday, March 25. Ferrochrome is a prime ingredient of stainless steel and most of the ferrochrome... 

The energy-efficient Lion ferrochrome smelter.
The energy-efficient Lion ferrochrome smelter.

Kefi progresses funding for Ethiopia project

By: Tasneem Bulbulia     25th March 2024 Aim-listed Kefi Gold and Copper has achieved further positive developments at the its high-grade Tulu Kapi gold project in Ethiopia, as it prepares for full launch in the first half of this year. As previously reported, all of the required development budget of $320-million has been sourced at... 


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