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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... 


Magnis holds a majority stake in Imperium3 New York (iM3NY), which operates a US battery plant.
ASIC targets Magnis and Poullas over disclosure failures
Updated 4 minutes ago By: Creamer Media Reporter

The Australian Securities and Investments Commission (ASIC) has initiated civil penalty proceedings in the Federal Court against graphite company Magnis Energy Technologies and its executive... 


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A hydrogen-powered truck in operation at Anglo American Platinum's Mogalakwena mine
As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets
Updated 32 minutes ago By: Reuters

BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African... 


MAC foresees stronger performance in second quarter, assures CEO McMullen
MAC foresees stronger performance in second quarter, assures CEO McMullen
Updated 32 minutes ago By: Mariaan Webb

Copper miner Metals Acquisition Limited (MAC) expects a rebound at the CSA mine in the second quarter following a softer performance in the initial quarter of the year. Despite encountering... 


Implats CEO Nico Muller
Implats platinum group metals output up amid robust demand but lacklustre pricing
Updated 35 minutes ago By: Martin Creamer

Platinum group metals (PGMs) mining and marketing company Implats on Tuesday reported higher production in a period characterised by robust demand but lacklustre PGM prices. “Despite continued... 


Sandfire announces maiden resource for new Botswana discovery
Updated 58 minutes ago By: Mariaan Webb

Australia-headquartered Sandfire Resources has unveiled potential for new copper and silver discovery in Botswana, with the announcement of a maiden resource estimate for the A1 deposit, about 20... 


A graph showing the heat stress and drought riks of various commodities
Critical minerals, food crops at risk of climate disruption by 2050, report shows
Updated 1 hour 4 minutes ago By: Darren Parker

More than 70% of critical minerals needed for the transition to net zero emissions will be at risk from climate disruption by 2050, professional services firm PwC says. The firm's latest report,... 


The 118.74 ct diamond recovered at the Letšeng mine
Gem recovers another greater-than-100-ct diamond
Updated 1 hour 13 minutes ago By: Creamer Media Reporter

London-listed Gem Diamonds has recovered a 118.74 ct Type II white diamond recovered at its 70%-owned Letšeng mine, in Lesotho. This is the fifth diamond weighing more than 100 ct to be recovered... 


Glencore CEO Gary Nagle
Glencore’s Rustenburg ferrochrome smelter remains idled
Updated 1 hour 37 minutes ago By: Martin Creamer

Pending an improved price and cost environment, Glencore said in its first-quarter 2024 production report on Tuesday that its Rustenburg ferrochrome smelter in South Africa’s North West province... 


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Gold Fields CFO takes early retirement
Updated 2 hours 41 minutes ago 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... 


Tietto asks investors to accept Zhaojin's offer or sell shares
Updated 4 hours 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... 


Anglo will hold its AGM in London on Tuesday
Anglo under pressure to reveal plans to fend off BHP as Elliott hikes stake
Updated 4 hours 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 5 hours 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 5 hours 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... 


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Magazine

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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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pqt: 0.171s - ct: 0.292s - 150pq - 2rq
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