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River Doce in Minas Gerais in 2022. The Samarco dam collapse destroyed land along the river's banks.
River Doce in Minas Gerais in 2022. The Samarco dam collapse destroyed land along the river's banks.
Vale, BHP propose $25bn settlement for Mariana disaster reparations
29th April 2024 By: Reuters

Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, which killed 19 people and left hundreds homeless. The proposal, the... 


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Codelco posts fresh output slump, underscoring copper struggles
Codelco posts fresh output slump, underscoring copper struggles
29th April 2024 By: Reuters

Top copper producer Codelco saw a decline in quarterly output due to lower quality ore at its aging Chilean mines — the latest sign of supply-side struggles that have helped send metal prices to... 


Southern Copper lifts output forecast amid tight metal market
29th April 2024 By: Bloomberg

Southern Copper raised its annual production guidance as ore quality improves and the company resolves water supply issues in Mexico, offering a little relief for a tightening global copper... 


An image showing the Sabodala-Massawa BIOX Expansion project, in Senegal
Endeavour achieves first gold pour at Senegal project expansion
29th April 2024 By: Tasneem Bulbulia

Senior gold producer Endeavour Mining announces that first gold pour at the Sabodala-Massawa BIOX Expansion project, in Senegal, took place on April 18, marking the successful delivery of the BIOX... 


The Mogalakwena mine in South Africa
BHP considering improved proposal for Anglo American, sources say
29th April 2024 By: Reuters

BHP Group is considering making an improved offer for Anglo American after its $39-billion initial proposal was rejected by the London-listed miner, a source familiar with the matter told Reuters.... 


Activist investor Elliott builds $1bn stake in Anglo American
Activist investor Elliott builds $1bn stake in Anglo American
26th April 2024 By: Reuters

Activist fund Elliott has built up a $1-billion stake in Anglo American, a filing showed on Friday, after the London-listed miner became a takeover target by bigger rival BHP Group. Elliott... 


BHP seeks to break mining’s M&A curse with thorny Anglo deal
BHP seeks to break mining’s M&A curse with thorny Anglo deal
26th April 2024 By: Bloomberg

The last time BHP Group took a swing at another major miner, it was Rio Tinto back in 2007. That could have been a blockbuster $150-billion takeover, but with metals prices crashing as the... 


Tietto asks investors to accept Zhaojin's offer or sell shares
Updated 33 minutes ago By: Reuters

Australia's Tietto Minerals has urged its shareholders to accept Zhaojin Mining's offer that values the firm at A$733-million or sell shares on-market if the market price is not materially... 


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Anglo will hold its AGM in London on Tuesday
Anglo under pressure to reveal plans to fend off BHP as Elliott hikes stake
Updated 18 minutes ago By: Reuters

Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off bidder BHP, as activist investor Elliott further raised the stakes by increasing... 


G7 nations to agree on first half of 2030s for coal phase-out
G7 nations to agree on first half of 2030s for coal phase-out
Updated 24 minutes ago By: Bloomberg

Group of Seven nations have agreed to target the first half of 2030s to phase out coal, according to the UK’s energy and nuclear minister, a key milestone for some of the world’s most... 


The Bulga complex in Australia
Top Glencore shareholders favour keeping coal over spinoff
Updated 29 minutes ago By: Bloomberg

Several of Glencore’s largest shareholders believe that the company should retain its coal assets, according to people familiar with the matter, throwing a proposed spinoff into doubt. Glencore,... 


West Cobar adds scandium to Salazar basket
29th April 2024 By: Creamer Media Reporter

ASX-listed Cobar Metals has announced a maiden resource estimate for scandium, adding to the already valuable basket of minerals hosted at the Salazar project, north-east of Esperance in Western... 


Japanese to partner on Kalgoorlie nickel project
29th April 2024 By: Creamer Media Reporter

Japanese multinational companies Sumitomo Metal Mining (SSM) and Mitsubishi have thrown their weight behind the Kalgoorlie nickel project – Goongarrie hub, in Western Australia. ASX-listed Ardea... 


Alphamin buoyed by Mpama South plant progress
29th April 2024 By: Tasneem Bulbulia

TSX-V- and JSE-listed Alphamin Resources reports that tin concentrate production from the new Mpama South plant is imminent, with first ore having been successfully introduced on April 28. The... 


Funding momentum builds for Tanzania rare earths project
29th April 2024 By: Mariaan Webb

The Ngualla rare earth project, in Tanzania, has received robust support from leading development finance institutions (DFIs), export credit agencies and commercial banks. In a funding update on... 


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President Cyril Ramaphosa's spokesperson Vincent Magwenya
South Africa views BHP bid for Anglo as 'normal market activity'
29th April 2024 By: Reuters

South Africa views BHP Group's proposed bid for Anglo American as "normal market activity" and is following the process as it unfolds, President Cyril Ramaphosa's spokesperson said on Monday. BHP... 


Aterian sells portion of its royalty over Rwanda lithium project
29th April 2024 By: Darren Parker

London-listed critical metal-focused exploration and development company Aterian has sold its portion of the net smelter return royalty (NSR) over the HCK lithium project, in Rwanda, for £200 000.... 


Altona appoints David Catterall as Sesana project consultant
29th April 2024 By: Darren Parker

London-listed Altona Rare Earths has appointed David Catterall as a consultant, with a special focus on the company's Sesana copper/silver project, in Botswana, where he will work closely with CEO... 


A truck moving ore at Vedanta's Konkola Copper Mines, in Zambia
Vedanta seeks deals with traders to help fund Zambia copper mine
29th April 2024 By: Bloomberg

Vedanta Resources has approached trading houses as it seeks to raise capital to revive the Konkola copper mining and smelting complex in Zambia. Billionaire Anil Agarwal’s Vedanta has discussed... 


Rand Refinery donates R2m to seven Gauteng schools
29th April 2024 By: Sabrina Jardim

As part of its commitment to education, precious metals refiner Rand Refinery has donated R2-million to seven primary and secondary schools in Gauteng. The company says this donation will be... 


Red Rock to undertake work programmes at Burkina Faso project
29th April 2024 By: Tasneem Bulbulia

Aim-listed Red Rock Resources’ Bilbale gold project, in Burkina Faso, holds “significant potential”, consultant Dr Willem J Smuts has noted in a report. Smuts recently undertook a site visit to the... 


Ongoing Douta exploration efforts
Thor reports lower revenue, profits for 2023
29th April 2024 By: Darren Parker

Gold mining and exploration company Thor Explorations has reported a $24-million year-on-year decrease in revenue from $165.2-million in 2022 to $141.2-million for the year ended December 31, 2023.... 


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Magazine

Magazine cover image
Magazine round up | 26 April 2024

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

WEIGHING OPTIONS: Eskom and government are considering private and foreign options to fund a R390-billion expansion of the electricity grid as more renewable generation comes online. Bloomberg reports that talks are under way on the funding of South Africa’s transmission requirements, including the potential use of money pledged by rich nations toward an energy transition and another option to tap private sources. Photograph: Bloomberg
WEIGHING OPTIONS

Eskom and government are considering private and foreign options to fund a R390-billion expansion of the electricity grid as more renewable generation comes online. Bloomberg reports that talks are... 

Photo of Martin Creamer
Our platinum group metals industry must be backed to the hilt by all South Africans

The potential loss of platinum group metals (PGMs) demand to battery electric vehicles (BEVs) spells dire consequences for the South African mining industry. At risk are income streams to nearly... 

Photo of Terence Creamer
Reflect and recommit

Memories are short and it often feels like they are becoming shorter not only because of the flood of information associated with the 24-hour news cycle but also second-by-second social media... 

Business Leader

Henry Adams, country manager at InterSystems
Henry Adams

This week we profile Henry Adams, country manager at InterSystems, the primary business of which is supplying and supporting software products 

Cartoon image
STILL FLYING

Years of State capture, corruption and ongoing crime and violence have left deep scars and have taken most of the gloss of any celebrations marking 30 years of democracy. Nevertheless, South Africa... 

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