Glencore joins US critical minerals reserve in $500m EXIM deal
THE US government has selected Glencore to help it build a strategic reserve of critical minerals in a development that deepens the Swiss miner’s relationship with Washington.…
Copper retreats from near-record high as rate fears lift dollar
INDUSTRIAL metals fell on Wednesday as traders weighed the outlook for US interest rates against shifting oil prices, Bloomberg reported. Copper retreated from near-record levels…
Former Gold Fields boss to join hunt for critical minerals
FORMER Gold Fields CEO Chris Griffith, who exited the miner four years ago after a failed mega-merger bid for Canada’s Yamana Gold, has joined a private equity venture aiming to…
Can this lowly priced uranium project make big bucks?
A largely unknown mining junior listed on the London Stock Exchange – Neo Energy Metals, whose current share price is less than 1 pence – is on the point of finalising a deal…
HCI’s Copelyn dismayed at Waterberg JV’s multiple headwinds
HOSKEN Consolidated Investments (HCI) is grasping for a golden thread of hope in finally advancing its platinum group mining endeavours. The investment group – better known for…
South32 profits surge as reshaped portfolio delivers
South32 cracked it in the year to end-June more than doubling operating profit from continuing operations and declaring a 5.4 US cents final dividend which boosted the total…
Mining tariff relief awaits new Eskom pricing policy
THE possible extension of electricity tariff discounts to sectors of the South African mining industry other than the ferrochrome producers will have to wait until after…
South32-Alcoa deal exposes beneficiation myth
THERE are few words in South African economic policy more seductive than “beneficiation”. It has everything: moral uplift, industrial ambition, a pleasingly muscular rhythm and…
South32 waiting for IDC to play hand in Mozal sale
SOUTH32 is waiting for firm proposals from minority shareholders in Mozal Aluminium before progressing recently hatched plans to sell the 370,000 ton a year Mozambique smelter.…
South32 to sell aluminium assets to Alcoa for $4.1bn
SOUTH32 is to sell its aluminium assets, including South Africa’s Hillside facilities but excluding the shuttered Mozal Aluminium in Mozambique, to Canada’s Alcoa for $4.1bn in…
Tin price defies supply reality on scarcity narrative
TIN is trading close to all-time highs despite improving supply conditions, as speculative investors continue to price in long-term scarcity fears rather than near-term market…
Valterra normalizes quarterly production after last year’s flooding
VALTERRA Platinum’s first quarter production benefited from comparisons with a year ago, when its second biggest mine, Amandelbult, was hit by flooding. The numbers also…
South32 too risky for predators, says outgoing CEO
AN estimated $34bn in deals has gripped the mining sector since 2024, according to Canadian law firm Dentons. Efforts to consolidate ownership and strip back complicated…
Lundin family bet on Montage Gold delivers 2,000% return
A C$17.5M investment by the Lundin family in Canadian-listed Montage Gold has generated a return of more than 2,000% in under two years owing to surging bullion prices and…
Mind the gap: Sibanye-Stillwater plans new era
SIBANYE-Stillwater’s founding CEO, Neal Froneman, was an expert at reinventing mines. In 2013, he took on Gold Fields’s faltering mines following their unbundling, and turned…
Time is ripe for a Rio Tinto, Glencore merger
NOW we know why Glencore CEO Gary Nagle refrained from restructuring the company last year. Instead of spinning out coal or selling the group’s trading business, which was one…
Metals rally extends with multiple record peaks
GOLD, silver, copper and tin achieved unprecedented highs this week as investors anticipated further US interest rate reductions and improved sentiment across Chinese markets,…
Rio slides 6% as analysts question wisdom of Glencore deal
SHARES in Rio Tinto fell more than 6% following an announcement by the Australian miner on January 8 it was discussing a combination of its business with Glencore. According to…
Nickel retreats as Indonesia withholds output cut details
NICKEL prices extended losses after Indonesia failed to specify production reductions that had previously sparked a sharp rally in the battery metal, said Bloomberg News.…
Copper prices surge to record on tariff uncertainty
COPPER has extended its powerful rally, breaking through $13,000 per ton for the first time as traders rushed to ship metal to the United States ahead of potential tariffs.…