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R/€ = 19.7289 Change: 0.0875
R/$ = 18.1609 Change: -0.0037
Au 2433.52 $/oz Change: 19.27
Pt 1053.76 $/oz Change: -40.74
 

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Kefi announces launch of Tulu Kapi project

By: Darren Parker     Updated 4 hours ago Aim-listed gold and copper exploration and development company Kefi has announced that the Tulu Kapi Gold Mines (TKGM) board has formally launched the project. "Our launch timing is fortuitously coinciding with the improved conditions in Ethiopia and all-time high gold prices. Tulu Kapi's high... 

Montage Gold proposes new directors

By: Creamer Media Reporter      20th May 2024 Canada-listed Montage, which is aiming to be a multi-asset African gold producer, has set June 7 as the date for its annual general and special meeting. Shareholders will vote on a proposed slate of director nominees, comprising six individuals: Ron Hochstein, Richard Clark, Anu Dhir, David... 

$80m raised for Empire copper/gold project in Idaho

By: Creamer Media Reporter      20th May 2024 US-focused Phoenix Copper has successfully raised $80-million in a corporate bond issue to fund the construction of the Empire openpit mine, in Idaho. The bonds will be drawn down in tranches, with the first scheduled drawdown of $5-million set for May 31. 

Salares Norte project section temporarily put on hold to ensure chinchilla protection

By: Darren Parker     20th May 2024 NYSE- and JSE-listed Gold Fields has announced that its Salares Norte project, in Chile, has received an urgent and transitionary measure (MUT) from Chile’s Superintendence of Environment (SMA). The MUT orders the immediate suspension of dismantling Rocky Area No 3, located at the North waste... 

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... 

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... 

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... 

Hummingbird says Corica restarts operations at Kouroussa

By: Sabrina Jardim     17th May 2024 Aim-listed Hummingbird Resources has reported the remobilisation of mining services provider Corica Mining Services at the Kouroussa gold mine, in Guinea. Corica in March suspended work at the mine following a dispute with Hummingbird about certain payments, which it believed it was due. 

Safeguarding and encouraging the future progress of women in SA

17th May 2024 Conferencing and training specialists Pinpoint Stewards will be hosting the 3rd Annual Women & Leadership in Mining conference. The annual conference aims to highlight women leaders in mining across South Africa. Taking place on 28 & 29 August 2024 at the NH Collection Sandton hotel (previously... 

China’s top copper miner to ramp up output as supply risks mount

By: Bloomberg     17th May 2024 China’s leading copper miner raised its output guidance at a time when prices have been rallying toward a record on expected deficits. Zijin Mining Group aims to boost mined copper production to 1.22-million tons in 2025, up 4% from a previous target, according to a filing to the Shanghai Stock... 

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