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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... 


Hand holding a stack of ZiG10 banknotes
Zimbabwe asks miners to ramp up gold output to support ZiG currency
Updated 8 minutes ago By: Bloomberg

Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining Development Minister Winston Chitando. “This new... 


A stack of gold bars
Zimbabwe to start gold-tracing system in bid to curb smuggling
Updated 16 minutes ago By: Bloomberg

Zimbabwe’s sole authorized buyer of gold will introduce a system that traces supply of the metal from mines to the market in a bid to stop smuggling. Fidelity Gold Refinery’s initiative will start... 


The Port of Durban
Reserve Bank warns carbon taxes may cut exports by 10%
Updated 23 minutes ago By: Bloomberg

South African economic growth could be severely stunted if carbon taxes are widely imposed on its exports, according to a new report by the country’s central bank. The South African Reserve Bank... 


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BHP shares hit 3-month high as deadline for formal Anglo bid looms
Updated 33 minutes ago By: Reuters

Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43-billion... 


Alpha HPA upsizes equity raising to A$175m
Alpha HPA upsizes equity raising to A$175m
Updated 3 hours ago By: Mariaan Webb

ASX-listed Alpha HPA on Tuesday upsized its equity raising to facilitate the development of its high-purity alumina (HPA) refinery in Gladstone, Queensland, to A$175-million. The company... 


Lift-off for Cape Hardy green fuels project as Amp and Iron Road finalise commercial agreements
Lift-off for Cape Hardy green fuels project as Amp and Iron Road finalise commercial agreements
Updated 3 hours ago By: Mariaan Webb

Canada-headquartered energy transition company Amp Energy has announced the development of the Cape Hardy Advanced Fuels Precinct, which entails green hydrogen, green ammonia and advanced fuel... 


Kali Metals appoints new MD
Updated 4 hours 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 4 hours 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 4 hours 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... 


A transhipper being loaded
MinRes’ Onslow Iron project surges ahead with early ore shipment to Baowu
Updated 4 hours ago By: Mariaan Webb

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


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Latest News

Dubai mining firm plans to start Argentina lithium production next year
Updated 5 hours 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 5 hours 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 5 hours 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 5 hours 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... 


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... 


Sector News

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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