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A chinchilla
A chinchilla
Salares Norte project section temporarily put on hold to ensure chinchilla protection
20th May 2024 By: Darren Parker

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... 


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$80m raised for Empire copper/gold project in Idaho
20th May 2024 By: Creamer Media Reporter

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,... 


Rock Teck’s Germany lithium refinery plans approved
20th May 2024 By: Creamer Media Reporter

TSX-V-listed Rock Tech Lithium has announced government approval for its planned lithium refinery in Guben, Germany. The Brandenburg State Office for the Environment on Friday issued the final... 


Hemlo Explorers to list on CSE
20th May 2024 By: Creamer Media Reporter

Minerals exploration company Hemlo Explorers has applied to delist from the TSX-V and to list its shares on the Canadian Securities Exchange (CSE). Upon delisting on the TSX-V, Hemlo will list 50... 


Montage Gold proposes new directors
20th May 2024 By: Creamer Media Reporter

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... 


Kali Metals appoints new MD
Updated 28 minutes ago By: Creamer Media Reporter

ASX-listed Kali Metals has announced the appointment of Paul Adams as MD from July 1. He will take over the role currently held by Graeme Sloan, who will step down as MD, but remain with Kali in a... 


The scheduled closure of Origin Energy's Eraring plant - Australia's biggest coal-fired facility - may lead to a generation shortfall.
Australian grid operator flags risk of power crunch in south-east
Updated 43 minutes ago By: Bloomberg

The chance of power shortages in Australia’s populous south-east has increased as coal-fired plants are phased out and grid and battery storage projects are delayed. Reliability risks have risen... 


Blackhawk has company-making potential, says Sierra Nevada chair
Blackhawk has company-making potential, says Sierra Nevada chair
Updated 1 hour 4 minutes ago By: Creamer Media Reporter

ASX-listed exploration company Sierra Nevada has unveiled a high-grade intercept of up to 1 270 g/t at its Blackhawk ephithermal project, in Nevada, US, and says it plans follow-up drilling in hole... 


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A transhipper being loaded
MinRes’ Onslow Iron project surges ahead with early ore shipment to Baowu
Updated 1 hour 11 minutes ago By: Mariaan Webb

Australian miner Mineral Resources (MinRes) has delivered the inaugural ore shipment form the Onslow Iron project to China Baowu Steel Group, outpacing expectations with an early arrival. The... 


Dubai mining firm plans to start Argentina lithium production next year
Updated 1 hour 35 minutes ago By: Reuters

Dubai-based United Mining Projects Corporation (UMPC) plans to begin producing battery-grade lithium in Argentina next year, aiming to deliver 5 000 metric tons in 2027 and double that in 2028, CEO... 


Anglo's Charterhouse offices in London
Anglo shareholder LGIM supports break-up plan as BHP circles
Updated 1 hour 40 minutes ago By: Bloomberg

Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to... 


Rio Tinto declares force majeure on Australian alumina cargoes
Updated 1 hour 41 minutes ago By: Bloomberg

Rio Tinto Group has declared force majeure on alumina cargoes from its refineries in Queensland, Australia, due to shortages of gas to power its operations, according to people familiar with the... 


Energy’s conflict-fuelled swings aren’t over, Woodside CEO says
Energy’s conflict-fuelled swings aren’t over, Woodside CEO says
Updated 1 hour 45 minutes ago By: Bloomberg

Energy markets will continue to be impacted by the Russian invasion of Ukraine and the Israel-Hamas conflict, according to Woodside Energy Group, Australia’s largest oil and gas producer “The... 


Kefi announces launch of Tulu Kapi project
20th May 2024 By: Darren Parker

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... 


Galan raises A$14m for ongoing HMW development
20th May 2024 By: Creamer Media Reporter

ASX-listed Galan Lithium has received commitments for an equity raising of A$14-million at A$0.24 a share. The capital raise will provide working capital headroom and financial flexibility for the... 


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Latest News

Copper's record run at risk as US shipments calm speculator frenzy
20th May 2024 By: Reuters

Copper's lightning rally to record highs may not be sustainable in the coming weeks, with action concentrated on the shipment of material to cover exposed short positions in the US Comex futures... 


Employees on site at a lithium mine in Zimbabwe
Zimbabwe lithium miners table refinery plans under govt pressure
20th May 2024 By: Reuters

Four lithium mining companies have tabled plans to produce battery-grade lithium in Zimbabwe, a government official said on Monday. Zimbabwe, Africa's top producer of lithium, which is used in... 


Eskom head of generation Bheki Nxumalo
Eskom board approves plan to operate Camden, Grootvlei and Hendrina to 2030
20th May 2024 By: Terence Creamer

The Eskom board has given its approval for the continued operation of the Camden, Grootvlei and Hendrina power stations to 2030 – a departure from the original decommissioning schedule that has... 


Australia gas producers endorse govt strategy, warn of shortages this decade
20th May 2024 By: Reuters

Australia's energy producers endorsed a government strategy to boost natural gas development, but warned the country still faces new gas supply shortfalls this decade while markets remain volatile... 


An image showing Implats' Rustenburg operation
Implats concludes a new empowerment transaction at Impala Rustenburg, Impala Bafokeng
20th May 2024 By: Tasneem Bulbulia

JSE-listed Impala Platinum (Implats) has concluded a series of agreements, facilitating the implementation of a broad-based black economic empowerment (BBBEE) transaction at its Impala Rustenburg... 


European Ferrochrome Benchmark price to be discontinued
20th May 2024 By: Darren Parker

JSE-listed chrome producer Merafe Resources has advised that the quarterly European Ferrochrome Benchmark (EUBM) price will be discontinued with effect from June. The company will, therefore, no... 


China's iron-ore supply to rise by up to 10Mt in 2024, steel association says
China's iron-ore supply to rise by up to 10Mt in 2024, steel association says
20th May 2024 By: Reuters

China's domestic iron-ore concentrate output in 2024 will rise between 5-million and 10-million metric tons from the year before, its State-backed steel association said on Friday. "The key... 


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Magazine

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024

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

COPPER LEVERAGE: A revamped minerals-for-infrastructure deal between the Democratic Republic of Congo (DRC) and China’s Sicomines is contingent on the price of copper. Under the new contract, DRC will get $324-million yearly for infrastructure projects from its Chinese partners through to 2040 as long as the copper price remains above $8000/t. If copper rises above $12000/t, 30% of the additional profit will go to financing more infrastructure. If it falls below $8 000, funding will diminish and stop altogether at $5,200/t. Photograph: Bloomberg
COPPER LEVERAGE

A revamped minerals-for-infrastructure deal between the Democratic Republic of Congo (DRC) and China’s Sicomines is contingent on the price of copper. Under the new contract, DRC will get... 

Photo of Martin Creamer
South Africa’s reputation as an investment destination of choice must be regained

The 136-year-old Johannesburg Stock Exchange, whose roots and history stretch back to the earliest days of the mining boom in South Africa, is in need of smart augmentation and South Africa... 

Photo of Terence Creamer
Green stimulus

South Africa’s manufacturing sector is in dire need of stimulus. In its recently released ‘Industrial Policy & Strategy Review’, the Department of Trade, Industry and Competition (dtic) confirmed... 

Business Leader

 	Mark Wilson, CEO for Europe, Middle East and Africa as well as Asia Pacific at SYSPRO
Mark Wilson

This week we profile Mark Wilson, CEO for Europe, Middle East and Africa as well as Asia Pacific at SYSPRO, a provider of enterprise resource planning software 

THE OTHER POLL
THE OTHER POLL

There has been much discussion about South Africa’s attractiveness to investors following BHP’s bid for Anglo American’s non-South African assets and confirmation that Shell will be disinvesting... 

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