Hot commodity silver sets pace as demand and deficit drive rally
Gold’s record-setting rally may have captured the headlines this year, but it’s silver that’s running harder and faster as the less glamorous metal benefits from robust financial and
China’s top copper miner to ramp up output as supply risks mount
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
Share sales rebound 98% in Toronto as copper, gold prices surge
After a miserable year for share sales, Canada’s largest exchange is seeing a rebound thanks to mining firms raising capital as copper and gold prices have spiked. The volume of total financings
AIC granted Jericho mining lease
The Queensland government has granted AIC Mines a mining lease for the Jericho copper mine, paving the way for surface works to get under way in preparation for mining. Development of Jericho will tra
Glencore expands adherence to standards, reporting frameworks to ensure sustainability
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 stan
Impact gears up for year-end for PFS on Lake Hope HPA project
Exploration company Impact Minerals has set its sights on completing the prefeasibility study (PFS) for its high-purity alumina (HPA) endeavour, Lake Hope, by the year’s end, said MD Mike Jones
Muddy Waters will not compensate its nominees on Canadian miner Mayfair as shareholder vote looms
hort seller Muddy Waters Capital said on Thursday that none of its newly proposed directors for Canadian miner Mayfair Gold's board will receive any remuneration, in contrast to what it called th
Chile to seek bidders for preferential pricing on lithium by July
Chile will open calls by the end of July for lithium component producers to obtain preferential pricing on lithiumproduced by Albemarle through 2043, government officials said on Thursday. Albemarle a
Poseidon restarts Lake Johnston exploration after sales process ends
ASX-listed Poseidon Nickel is getting back to exploration at the Lake Johnston project, in Western Australia, following a four-month hiatus while focusing on a sales process. Now that the heads of agr
Loyal Lithium raises cash for Quebec project
North America-focused, ASX-listed Loyal Lithium has reported “exceptionally strong demand” for its capital raise dedicated to exploration works at the Trieste lithium project, in James Bay
Rio Tinto ‘not afraid’ of M&A, says Stausholm
Amid heightened discussions surrounding mergers and acquisitions (M&A) in the mining sector, Rio Tinto CEO Jakob Stausholm has reaffirmed the company’s readiness to pursue such ventures. However
BHP needs to bid about £32 a share for Anglo, JPMorgan says
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
Fraser Institute survey shows marked declines in African countries’ investment attractiveness
The latest Fraser Institute Survey of Mining Companies has found that various African countries, including Niger, Mozambique, Zimbabwe and Senegal, have ranked among the lowest for investment attracti
Horizonte goes into administration amid funding shortfall for Brazil nickel project
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 negot
Today’s well-supplied market for critical minerals ‘may not be a good guide for future’
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 en
On-The-Air (17/05/2024)
Martin Creamer talks about green energy as a major reindustrialisation opportunity for South Africa, the country's potential to lead in battery manganese for electric cars, and Anglo American's focus on iron-ore mining.
Green Energy, Manganese Metal Co, Anglo American make headlines
Mining Weekly Editor Martin Creamer unpacks Nedbank's belief that Green Energy is a reindustrialisation opportunity for South Africa; Manganese Metal Co's first-mover advance to enter the ma
Minerals Council, Geoscience, IDC going all out to boost South African exploration
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 retur
Harena secures US offtaker for rare earth products from incoming Madagascar project
Australian natural resources company Harena Resources has signed a nonbinding indicative offtake term sheet with US-based United Rare Earths for the sale and purchase of mixed rare earth carbonate pro
Wildfire has moved closer to Canadian oil city, says local authority
A large wildfire threatening the major Canadian oil sands city of Fort McMurray moved closer overnight and weather conditions were unfavorable, the local authority said on Wednesday. The fire was just
Petra weathers lower diamond prices in latest tender
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 margi
Near-term uranium producer Peninsula raises over A$100m
With work at the Lance uranium project in the US continuing at full pace, developer Peninsula Energy on Thursday moved to raise more than A$100-million to carry it through until it starts generating f
Safeguarding and encouraging the future progress of women in SA
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 S
Schneider Electric announces inaugural Global Virtual Open Week – aimed at students, graduates and early-careers professionals
Schneider Electric, the global leader in the digital transformation of energy management and automation, has unveiled its inaugural Global Virtual Open Week which will be held from 3 to 7 June 2024.
Greater man/machine collaboration needed as AI, automation evolve – Cawood
In the new world of digitised and automated mining that is headed towards increased dependence on AI to solve problems and facilitate complex processes, University of the Witwatersrand (Wits) School o