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Glencore studying an approach for Anglo American, sources say
Glencore studying an approach for Anglo American, sources say
Updated 2 hours 34 minutes ago By: Reuters

Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company. Glencore has not yet approached Anglo, one of the sources said. The... 


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Anglo owns the Quellaveco mine in Peru
Anglo’s copper assets worth $35bn, report shows
2nd May 2024 By: Mariaan Webb

Anglo American’s copper assets are valued at about $35-billion and, if BHP aims to clinch these prized operations, the miner must substantially enhance its offer for its competitor. This is... 


Pan American to sell La Arena stake to Zijin
Pan American to sell La Arena stake to Zijin
2nd May 2024 By: Creamer Media Reporter

NYSE- and TSX-listed Pan American Silver on Wednesday announced the sale of its interest in LA Arena in Peru to a subsidiary of Zijin Mining for up to $295-million. “With the sale of La Arena, we... 


Rail workers in Canada vote to strike, threatening supply chains
Rail workers in Canada vote to strike, threatening supply chains
2nd May 2024 By: Bloomberg

Rail workers demanding more rest time moved closer to a strike that would disrupt supply chains from Halifax to Vancouver and down through the Midwest to the Gulf of Mexico. A union representing... 


Barrick moves to tap into Jamaica’s mineral potential
Barrick moves to tap into Jamaica’s mineral potential
2nd May 2024 By: Creamer Media Reporter

Gold and copper major Barrick is set to venture into Jamaica’s untapped minerals landscape through an earn-in agreement with private exploration company Geophysx. Geophysx has strategically... 


Graphite miners lobby US govt to impose levy on China-sourced EV material
Graphite miners lobby US govt to impose levy on China-sourced EV material
2nd May 2024 By: Reuters

North American graphite miners are lobbying the US government to impose a 25% tariff on three graphite products sourced from China in order to counter Beijing's monopoly on a key material used in... 


Stillwater Critical Minerals raised C$3.89m in oversubscribed placement
2nd May 2024 By: Creamer Media Reporter

TSX-V-listed Stillwater Critical Minerals has successfully completed C$3.89-million in a nonbrokered placement, surpassing expectations with a 55% oversubscription. Commodities powerhouse Glencore... 


Senate passes Russian uranium import ban, sending Bill to Biden
2nd May 2024 By: Bloomberg

The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the White House which has said it supports efforts to block the... 


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Latest News

Mark Bristow
Barrick CEO 'can't see any reason' for in-person AGMs
2nd May 2024 By: Bloomberg

Barrick Gold's CEO says the gold miner will continue to host virtual-only annual general meetings despite calls for public companies to return to an in-person format. After Barrick hosted its... 


BHP is betting on developing the Reko Diq copper project in Pakistan
Barrick Gold is not interested in bidding for Anglo American, CEO says
2nd May 2024 By: Reuters

arrick Gold is not interested in bidding for Anglo American, which last week received a $39-billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner's CEO Mark... 


Brazil Potash aims to beat Russian, Canadian suppliers on price
2nd May 2024 By: Reuters

The cost to produce potash from a mine being developed in the Brazilian Amazon will be similar to Russia's and lower than in No. 1 producer Canada, said the CEO of Brazil Potash, citing a... 


Rick Menell
Rick Menell joins Perseus board as nonexec director
2nd May 2024 By: Creamer Media Reporter

Mining veteran Rick Menell has joined the board of Africa-focused gold producer Perseus Mining as a nonexecutive, independent director. "I am extremely pleased to welcome Rick Menell to the board... 


New Talisman pursues fast track approval for NZ mine
Updated 25 minutes ago By: Mariaan Webb

New Talisman Gold Mines has formally applied for the inclusion of the Talisman mine project in New Zealand’s Fast Track Approvals Bill, which is currently under review by Parliament. The Bill, an... 


Greatland eyes full ownership of Havieron amid Newmont's potential divestment
Greatland eyes full ownership of Havieron amid Newmont's potential divestment
Updated 1 hour ago By: Mariaan Webb

London-listed Greatland Gold is contemplating reclaiming full ownership of the Havieron gold/copper project in Western Australia, should Newmont divest of its 70% stake, says MD Shaun Day. The... 


Kathleen Valley nearing first production
Kathleen Valley nearing first production
Updated 1 hour 22 minutes ago By: Creamer Media Reporter

Lithium developer Liontown is getting closer to first production – scheduled for mid-year – with the miner this week reaching the key milestone of crushing first ore at its flagship Kathleen Valley... 


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Copper cathode waiting for dispatch
Copper miner Austral placed in receivership
Updated 1 hour 38 minutes ago By: Creamer Media Reporter

Copper miner Austral Resources has been placed in receivership. Creditor Wingate has appointed Jason Tracy, Grant Sparks and Sean Holmes as joint and several receivers and managers. “The business... 


Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
Updated 3 hours ago

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  


Underground construction employee dies at Harmony's Mponeng mine
2nd May 2024 By: Creamer Media Reporter

Gold miner Harmony Gold Mining Company reports that an underground construction employee, working on planned rail maintenance, was killed at its Mponeng mine near Carletonville, in Gauteng, on May... 


Diamcor announces C$1.5m private placement
2nd May 2024 By: Sabrina Jardim

Diamond mining company Diamcor Mining plans to complete a non-brokered private placement financing of up to C$1.5-million, and anticipates that an aggregate of up to C$1.25-million of the financing... 


Akobo says production start-up date in Ethiopia uncertain
2nd May 2024 By: Tasneem Bulbulia

Scandinavian gold exploration and mining company Akobo Minerals has informed shareholders of the progress it is making in solving recent challenges with nationwide fuel supply disruptions and new... 


Kazera nuclear permit delayed over additional requirements
2nd May 2024 By: Marleny Arnoldi

Aim-listed Kazera Global has completed all the mechanical commissioning work required for the Whale Head Minerals heavy mineral sands project in Alexander Bay, South Africa, to proceed with final... 


Thero Setiloane.
Thungela announces passing of Thero Setiloane
2nd May 2024 By: Martin Creamer

Johannesburg Stock Exchange-listed coal mining company Thungela Resources has announced the passing of Thero Setiloane, who served as an independent nonexecutive director of the company. “His... 


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Magazine

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

LOGISTICS CRUNCH: Kumba Iron Ore reported a 10% fall in first quarter sales due to port equipment challenges. The Anglo American company reduced production by 2% to 9.3-million tons in line with its strategy to match output to available logistics capacity. Ore taken to port by Transnet Freight Rail was flat at 9.4-million tons, but sales declined to 8.5-million tons because of problems at the Port of Saldanha. Photograph: Reuters
LOGISTICS CRUNCH

Kumba Iron Ore reported a 10% fall in first quarter sales due to port equipment challenges. The Anglo American company reduced production by 2% to 9.3-million tons in line with its strategy to... 

Photo of Martin Creamer
South Africa must encourage budding Northern Cape base metals richness to unfold fully

Exploration drilling in South Africa’s Northern Cape is highlighting the richness of dormant base metals precincts there. An intercept reported last week sent the shares of the company involved... 

Photo of Terence Creamer
In the weeds

South Africa has gone some way in starting to reform its electricity industry, which has been failing the country visibly for nearly two decades. As these changes are published, consulted and... 

Business Leader

 John Harris, executive director: business solutions and finance at Infinitus Reporting Solutions
John Harris

This week we profile John Harris, executive director: business solutions and finance at Infinitus Reporting Solutions, a provider of software and services in the corporate performance management space 

COALITION MATHS: With the polls suggesting that the African National Congress is unlikely to secure an outright majority in this year’s election, much attention is being given to coalition politics. While this is arguably an inevitable outcome of our proportional-representation system, many voters are rightfully concerned, given the poor performance of many municipal coalitions.
COALITION MATHS

With the polls suggesting that the African National Congress is unlikely to secure an outright majority in this year’s election, much attention is being given to coalition politics. While this is... 

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