Jubilee Metals eyes sale of Tjate Platinum project
JUBILEE Metals is considering selling its long-held Tjate platinum group metal (PGM) project after receiving expressions of interest in the South African asset, and as it puts…
Harmony studying plans to expand surface gold output
HARMONY Gold is weighing up plans to expand its surface remining activities which includes development of tailings facilities accessing 5.7 million ounces in gold resources in…
The copper core
ON December 3 diversified miner Glencore rolled out plans for new copper projects totalling $14bn in expenditure. That increases to $24bn should it develop El Pachón, a project…
Glass Lewis backs Teck-Anglo American merger deal
PROXY advisory firm Glass Lewis has recommended Teck Resources shareholders approve the proposed merger with Anglo American, describing the transaction terms as reasonable. The…
Congo quotas could push cobalt into deficit in 2026
COBALT prices have reached a three-year peak as export restrictions in the Democratic Republic of Congo threaten supply shortages of the critical battery material, said Bloomberg…
Copper soars after Indonesian mine tragedy
COPPER prices have surged above $10,300 per ton on the London Metal Exchange following Freeport-McMoRan’s declaration of force majeure at its Grasberg mine in Indonesia, said…
Harmony Gold never better placed to build Wafi-Golpu
HARMONY Gold had never been in a better position to finance and build the massive Wafi-Golpu copper/gold project in Papua New Guinea (PNG) in which it was a 50/50 partner with US…
Ivanhoe cuts copper output guidance after seismic disruption
IVANHOE Mines has slashed its annual copper production guidance to between 370,000 and 420,000 tons after seismic activity forced the closure of part of its Kakula mine in the…
Barrick proposes name change to reflect push into copper
BARRICK Gold Corp. has proposed dropping “gold” from its name as it expands its copper mining operations, according to a report by Bloomberg News. “We are proposing to change our…
Glencore backs cobalt investment firm planning UK listing
GLENCORE is to take a 10% stake in a cobalt investment company that plans to float in London during May, the Financial Times reported on Tuesday. The company – Cobalt Holdings –…
BHP hit by slump in iron ore prices
BHP reported a 23% decline in its first-half profit as lower prices for iron ore owing to slowing demand from China’s property sector offset higher contributions from copper…
All systems go for Arc’s Zambia copper JV with Anglo
Base metals exploration development company Arc Minerals says its copper JV with Anglo American in Zambia remains firmly on track. Anglo in May rebuffed an all-share takeover bid…
Gold propels Harmony to double value of Sibanye-Stillwater
THE price of gold hit a fresh all-time high on Wednesday amid comments by the Federal Reserve it was getting closer to a possible rate cut – a development generally supportive of…
Friedland forges on with reopening of century-old Congo mine
MINING entrepreneur Robert Friedland’s tour de force in developing mining projects in the Democratic Republic of Congo (DRC) reached a new milestone this week with the restart of…
Canadian firm plans to resurrect troubled Botswana mine
IN yet another “blast from the past” and a “rave from the grave” for the Southern African mining sector a Canadian junior is looking to re-open the former Selebi-Phikwe base…
Glencore may consider switching UK listing for US
GLENCORE may consider switching its primary listing from London to New York, said Bloomberg News citing a report by analysts at Deutsche Bank. If borne out, the delisting of…
Exxaro’s ‘money or the box’ conundrum
Three years after announcing a strategy to diversify from coal, Exxaro is still searching for an investment. Nombasa Tsengwa, CEO since mid-2022, acknowledges that it’s been a…
Sibanye-Stillwater plans management overhaul at troubled New Century investment
NEW Century, an Australian tailings retreatment firm taken over by Sibanye-Stillwater last month, is undergoing a leadership makeover starting with the firm’s chair Kerry Gleeson…
Robert Friedland’s bullish predictions on copper and mining in Africa are starting to become reality
DEVELOPMENTS in Chile where the socialist government is looking at nationalising a sector of its mining industry are bearing out the predictions made over the past few years at…
Rainmaker: Can Peter Steenkamp finally inject growth into Harmony Gold?
AS we have noted several times previously, Peter Steenkamp has had a good run since he took over Harmony as CEO in 2016 thanks to good decisions and a favourable gold price. But…