Loucas Pouroulis bows out 15-year stint at Tharisa
THARISA founder Loucas Pouroulis is stepping down from the board after more than 15 years as chair, handing the role to lead independent director Carol Bell. Pouroulis, who has…
Zambia accuses Emirati partner of Mopani breaches
ZAMBIA’S state-owned ZCCM Investments Holdings (ZCCM-IH) has accused Abu Dhabi’s International Resources Holding (IRH) of “pervasive and sustained” breaches of agreements under…
Mining majors chase scale despite failed megadeals
MINING companies are doubling down on mergers, joint ventures and partnerships as soaring project costs and geopolitical pressure make scale increasingly critical, Reuters…
Gold Fields goes hostile in $27bn Northern Star takeover
GOLD Fields confirmed today that Northern Star Resources had rejected its A$38.7bn ($27bn) cash-and-share takeover proposal, but said it intended to press on with its efforts to…
Glencore set for ASX listing in October
GLENCORE expects to start trading on the Australian Securities Exchange (ASX) on October 14 after satisfying the exchange’s substantive listing requirements. The miner and…
Rio Tinto builds out metals trading arm
RIO Tinto plans to expand its metals trading operations, including buying and selling material from third parties and trading derivatives, Bloomberg reported. The move is part of…
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.…
Discovery targets mining with 24-hour renewables plan
DISCOVERY Green has signed several mining companies to a renewable power offering that targets 90% of their electricity needs. A mix of wind, solar and batteries can help meet…
MPRD in 2026: A maze of mineral policy
It is a cliché of effective industrial policy that developing an industry works best if there is “policy certainty”. It is also one of those clichés that becomes a cliché because…
Glencore suspends executive over Radiant scandal
GLENCORE has suspended Peter Hill, its head of steelmaking raw materials, as the fallout from its dealings with Singapore-based iron ore trader Radiant World deepens, the…
Glencore faces $2bn lawsuit as it alleges Radiant World fraud
TRADING firm Radiant World has alleged Glencore deliberately kept the “true nature” of their partnership out of its own audited books, according to the Financial Times citing a…
Glencore in talks with Guinea on alumina, energy
GUINEA is in talks with Glencore over possible investments in alumina refining and energy after the two sides struck a bauxite deal last week, Reuters reported. State-owned Nimba…
Former Anglo boss Cutifani joins Northern Star
AUSTRALIA’S Northern Star Resources has appointed former Anglo American CEO Mark Cutifani to its board, Bloomberg reported. Cutifani and mining engineer Peter Rozenauers will…
Illegal miners return to Eurasian Resources’ Congo cobalt site
ILLEGAL miners backed by armed men have again occupied part of a major cobalt project in the Democratic Republic of Congo, Bloomberg reported. Eurasian Resources Group (ERG) said…
Rio Tinto to buy Glencore bauxite project
RIO Tinto has agreed to buy the Aurukun bauxite project in Queensland from Glencore and Mitsubishi Development for an undisclosed sum, Bloomberg reported. The project is close to…
Glencore holds whip hand in Anglo-Teck copper JV
GLENCORE is emerging as the pivotal, and potentially obstructive, party in Anglo American’s attempt to unlock the full value of its $50bn tie-up with Teck Resources, as talks…
Valterra asset level deals most logical option for Northam
IMPALA Platinum and Sibanye-Stillwater distanced themselves from an offer for Northam Platinum on Tuesday, which means Valterra Platinum is the only one likely to have an…
Northam heads for record earnings on PGM price surge
NORTHAM Platinum is set to report record full-year earnings, with sharply higher PGM prices providing much of the lift. The PGM producer is due to publish audited results for the…
Tighter scrutiny won’t derail mining M&A, execs say
REGULATORY scrutiny of major mining mergers is intensifying as governments focus more closely on critical minerals and security of supply amid geopolitical uncertainty, Reuters…
SA power pricing shake-up set for public comment
SOUTH Africa is proposing its biggest overhaul of electricity pricing policy in almost two decades, with reforms designed to give commercial and industrial customers greater…