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Barrick moves to tap into Jamaica’s mineral potential
Barrick moves to tap into Jamaica’s mineral potential
Updated 1 hour 7 minutes ago By: Mariaan Webb

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 amassed an extensive portfolio of exploration assets... 


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Rick Menell
Rick Menell joins Perseus board as nonexec director
Updated 57 minutes ago 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... 


Gold Fields CFO takes early retirement
30th April 2024 By: Martin Creamer

Gold Fields long-serving CFO Paul Schmidt, who is also an executive director of the Johannesburg Stock Exchange-listed gold mining company, is to proceed on early retirement, the company stated in... 


Australia's second-largest pension fund blacklists thermal coal investments
Australia's second-largest pension fund blacklists thermal coal investments
Updated 3 minutes ago By: Reuters

Australian pension giant Australian Retirement Trust said on Thursday it would stop investing in most thermal coal companies from July as part of a plan to hit net zero emissions across its... 


Canada's long-delayed Trans Mountain oil pipeline starts operations
Updated 7 minutes ago By: Reuters

After 12 years and C$34-billion, Canada's Trans Mountain pipeline expansion project (TMX) began commercial operations on Wednesday, a major milestone expected to transform access to global markets... 


A smelter owned and operated by Ironveld
Ironveld appoints Kristoffer Andersson CEO
Updated 1 hour 12 minutes ago By: Creamer Media Reporter

London-listed Ironveld, which owns a high-purity iron, vanadium and titanium project on the northern limb of the Bushveld Complex, in Limpopo, South Africa, has appointed Kristoffer Andersson CEO.... 


Artist's impression of the planned Ewoyaa lithium project operation in Ghana
Atlantic Lithium given the go-ahead to list on Ghana exchange
Updated 1 hour 44 minutes ago By: Creamer Media Reporter

Africa-focused lithium exploration and development company Atlantic Lithium has received approval from the Ghana Stock Exchange's (GSE's) listing committee and Ghana's Securities and Exchange... 


China's Zhaojin wins control of Australia's Tietto Minerals in $475m deal
Updated 1 hour 50 minutes ago By: Reuters

China's Zhaojin Capital has won control of Australia's Tietto Minerals after a protracted six months takeover tussle that values the gold producer at A$733-million ($474.62-million), according to a... 


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The recently commissioned Ikamba offshore floating terminal is a key part of the Bauxite Hiills expansion project.
Metro raises A$40m to speed up debt repayments
Updated 2 hours 11 minutes ago By: Mariaan Webb

Metro Mining, the owner of the Bauxite Hills mine near Weipa, on Thursday announced a successful A$40-million placement that it would use to accelerate debt repayment. The company has received... 


Resources Watch
Resources Watch
Updated 3 hours ago

This week: New green hydrogen trading base uplifting platinum group metals demand outlook; Copper 360 ships concentrate, on course to pay first dividend next year and, Pilot Crushtec introduces... 


Predictive raises A$50m for Guinea gold project
Predictive raises A$50m for Guinea gold project
Updated 4 hours ago By: Mariaan Webb

ASX-listed Predictive Discovery has announced a A$50-million raising to advance the Bankan gold project, in Guinea. The company will issue about 263.2-million new fully paid ordinary shares at... 


Toro boosts uranium resources with Dawson Hinkler deposit expansion
Toro boosts uranium resources with Dawson Hinkler deposit expansion
Updated 4 hours ago By: Mariaan Webb

Uranium project developer Toro Energy has expanded the stated resources at the Dawson Hinkler deposit by reducing the resource cutoff grade from 200 parts per million (ppm) to 100 ppm uranium... 


Macmahon secures $352m contact extension at Boston Shaker
Updated 5 hours ago By: Creamer Media Reporter

Mining services group Macmahon has been granted a three-year extension of its alliance-style contract with AngloGold Ashanti at the Boston Shaker underground mine, part of the Tropicana gold... 


Australian Treasurer Jim Chalmers
Australia cracks down on foreign investment in critical minerals
Updated 6 hours ago By: Bloomberg

Australia will tighten scrutiny of foreign investment into mining and refining of critical minerals as part of an overhaul of its national regime, while speeding up approvals in low-risk areas to... 


Stuart Chambers
Anglo to meet top shareholders on BHP bid as takeover rules restrain AGM
Updated 6 hours ago By: Reuters

Anglo American's chair will meet its top 30 shareholders to hear views on BHP's $39-billion bid for the miner, he told an annual general meeting on Tuesday, where he was restricted from discussing... 


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Clean energy critical minerals can transform sub-Saharan Africa – IMF
30th April 2024 By: Schalk Burger

Sub-Saharan Africa holds an estimated 30% of the world’s volume of proven critical mineral reserves and managing their use properly as part of the global transition to clean energy has the... 


Harmony's Mponeng gold mine.
Booming Harmony ups full-year output and grades; lowers cost and capital guidance
30th April 2024 By: Martin Creamer

Execution and preparatory work on key gold projects are on track in South Africa, and early works on the copper project in Australia are to commence, Harmony Gold reported on Tuesday. In South... 


Fortescue consortium awarded rights to develop Oman green hydrogen project
30th April 2024 By: Creamer Media Reporter

A consortium between green energy and metals group Fortescue and sustainable infrastructure investor Actis has been awarded the rights to develop, build, own and operate a large green hydrogen... 


FIRB approves Azure takeover by SQM and Hancock
30th April 2024 By: Creamer Media Reporter

The Foreign Investment Review Board (FIRB) has approved the acquisition of ASX-listed Azure by SH Mining – a bid vehicle jointly owned by Sociedad Quimica y Minera de Chile (SQM) and Hancock... 


Anglo American takeover price needs to surpass £30 a share, survey shows
Anglo American takeover price needs to surpass £30 a share, survey shows
30th April 2024 By: Bloomberg

A takeover of Anglo American would need to be pitched at more than £30 ($37.6) a share, a higher price than BHP Group offered last week, according to analysts and traders surveyed by Bloomberg.... 


Gold nugget
Central banks, record first-quarter over-the-counter purchases support gold demand
30th April 2024 By: Marleny Arnoldi

Continued exchange-traded fund (ETF) outflows drove gold demand, excluding over-the-counter (OTC) purchases, down by 5% year-on-year in the first quarter of this year to 1 102 t. However,... 


Mosaic CEO Bruce Bodine
Mosaic sells stake in Saudi JV for $1.5bn
30th April 2024 By: Creamer Media Reporter

US-based fertiliser company Mosaic on Tuesday announced the sale of its stake in a phosphate production venture to Saudi Arabia’s Ma’aden. Mosaic will receive 111.01-million shares of the Saudi... 


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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 

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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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