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…
Barrick may delay North America gold IPO to 2027
BARRICK Mining is considering delaying the planned listing of its North American gold business until 2027, Bloomberg reported. The miner said previously it was targeting…
Mining exports lift odds on South Africa ratings upgrade
SOUTH Africa’s surprisingly strong tax intake has strengthened the case for additional sovereign credit rating upgrades in the coming year, said Bloomberg News citing the views…
Thungela ices M&A to focus on “market confidence”
THUNGELA Resources has taken its foot off the diversification pedal telling analysts and investors last week that it was focusing on improving operational performance. “Our main…
Gold bear market deepens as rate fears grip bullion
GOLD has entered bear market territory, falling more than 20% from its all-time high near $5,600 an ounce reached in late January, as rising interest rate expectations and a…
Anglo calls for “timely receipt” of permits for Chile copper JV
ANGLO American said today it had finalised an agreement with Chile’s Codelco for the joint development of the Los Bronces and Andina mines. The partners said their joint…
Iran war tightens industrial metals supply outlook
A MAJOR squeeze is emerging across industrial metals markets as the ongoing US-Israeli war against Iran compounds structural supply shortfalls, said the Financial Times on…
Glencore, BHP may benefit as China turns to Western coal
THE fatal gas explosion at the Liushenyu Coal Mine in China’s Shanxi province last week could see improved demand for Australian and Canadian metallurgical coal, potentially…
India doubles gold and silver import tariffs
INDIA has more than doubled import duties on gold and silver to 15% from 6%, as New Delhi seeks to defend the rupee and offset the economic strain of the ongoing Iran war and…
Iron ore heads for biggest weekly gain
IRON ore is heading for its biggest weekly gain in more than a year after China’s state-backed buyer moved to expand restrictions on BHP products, said Bloomberg News in an…
Kumba upbeat on iron ore contract talks with China
KUMBA Iron Ore did not expect to be affected by a dispute between China’s state-owned iron ore buyer and mining giants BHP and Rio Tinto, saying on Thursday it would conclude…
Glencore to extend KCC in land deal with Gécamines
GLENCORE said on Wednesday an agreement with Gécamines to access additional land titles had boosted ambitions to increase production from its Kamoto Copper Company (KCC) in the…
Goldman Sachs tips busy deals year for South Africa
GOLDMAN Sachs expects a surge in deal activity in South Africa this year, with its local CEO predicting broad-based growth across sectors as the economy begins to benefit from…
Anglo considers third impairment of De Beers
ANGLO American said on Thursday it was considering yet another impairment of its diamond business De Beers – its third in the last three years – amid a decline in average prices…
Riskier but gold’s mid-tier and junior miners offer value
PAN African Resources broke into the JSE’s top 40 index last month with a market capitalisation of R65bn. Once a gold mining minnow, the share has tripled in value in the past 12…
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…
Gold climbs towards $5,000 amid geopolitical turmoil
GOLD surged to a record above $4,967 an ounce on Friday, supported by a weaker dollar and mounting geopolitical tensions, whilst silver climbed to an all-time high just below…
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…
Barrick names new CFO as leadership shake up continues
BARRICK Mining has appointed board member Helen Cai as CFO, replacing Graham Shuttleworth in the latest senior departure at the Canadian miner amid speculation over its future,…
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…