BHP’s incoming CEO open to “value-accretive” deals
BHP’S incoming CEO Brandon Craig has signalled that acquisitions will remain part of the mining giant’s growth strategy, with copper firmly in focus, said Bloomberg News. Citing…
Is this a new era for platinum? Its miners think so
SINCE the decline of gold production in the 1990s, platinum has become South Africa’s most valuable strategic metal, and among its most important economically. Of critical raw…
Farewell but not goodbye to ‘GlenTinto’, analysts say
THE failure of Rio Tinto and Glencore to agree on a proposed $240bn merger in February was, as one prominent bank described it, met with a “sigh of disappointment”. “Too bad.…
Gold to resume rally as positive sentiment holds
THE correction in the gold price this month was owing to liquidity demands from investors low on cash, said Bank of America in a recent report. Gold is 14% weaker in the last 30…
Happy days return for South Africa’s platinum industry
SOUTH Africa’s platinum industry is forecast to triple free cash flow to about R1.7bn this year, after a major uptick in fortunes for the metal and for sister metals palladium…
Mining sector leads global equity rally on supply concerns
GLOBAL mining stocks have emerged as the standout performers of 2025, with the MSCI Metals and Mining Index surging nearly 90%, said Bloomberg News. The shares are outpacing…
Valterra Platinum to double earnings as PGMs storm back
VALTERRA Platinum said in a trading statement today full year headline earnings for 2025 could double owing to a 26% increase in metal prices and R5bn in cost cuts. Earnings for…
Sibanye-Stillwater opts for phased output at €783m Keliber
SIBANYE-Stillwater said it had decided to phase production from its €783m (R14.9bn) Keliber lithium project in Finland owing to market oversupply of the battery mineral. The…
Rio Tinto assembles advisory team for Glencore approach
RIO Tinto has assembled a roster of prominent investment bankers to guide its pursuit of Glencore, including veteran dealmaker Simon Robey, said Bloomberg News citing sources…
Gold below $4,000 described as healthy correction
GOLD prices fell beneath $4,000 per ounce this week which industry figures said was a necessary correction as the metal’s rally had driven lately by speculative positioning.…
Gold hits record above $4,100/oz on rate cut forecast
GOLD prices surged to a record high above $4,100 on Tuesday, driven by expectations of further US Federal Reserve interest rate cuts and renewed trade tensions between Washington…
Investors rethink gold as metal edges to $4,000
GOLD has surged nearly 50% this year to an unprecedented $3,930 per ounce, driven by a fundamental shift in how investors view the precious metal’s role in their portfolios, said…
CATL mine closure triggers lithium market rally
LITHIUM markets surged on Monday following Contemporary Amperex Technology’s decision to suspend operations at its major Chinese mine, raising concerns about potential government…
Rio Tinto CEO Jakob Stausholm to step down this year
RIO Tinto said on Thursday its CEO of four years’ standing Jakob Stausholm would step down from the company later this year once a successor was found. “Jakob will continue to…
Three things Miller has on his Valterra Platinum ‘to-do’ list
DEMERGERS should achieve three things: improve transparency, sharpen focus and satisfy not only existing shareholders but future ones. So said the Financial Times in reference to…
Bank revises average gold price as metal surges on and on
GOLD is forecast to trade at $3,500 per ounce in the next two years and will achieve higher average prices this year, according to price revision by Bank of America. The bank…
Record gold is putting bang in the ‘Roodepoort Rocket’
SHARES such as DRDGold — once known as the “Roodepoort Rocket” — are proof that traditional sell signals have weakened in precious metals. The gold tailings miner was said to be…
Glencore cuts Cerrejon coal in effort to bolster prices
GLENCORE said on Tuesday it would cut production from its Cerrejon coal mine in an effort to arrest a decline in the fuel’s price. The group will produce between five to 10…
For better or worse, coal is here to stay as Asia lifts market share
THE thermal coal market has moved on since the energy security crisis sparked by Russia’s invasion of Ukraine. According to analysts, the outlook for thermal coal and the…
Why investors are cautious of Glencore
INVESTMENT analysts attempting to parse the comments of Glencore’s fast-talking CEO Gary Nagle at the year-end results presentation in February had much to ponder. Listening to…