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…
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…
MMG pushes EU to clear Anglo nickel deal
CHINESE-backed miner MMG has urged European Union regulators to approve its $500m purchase of Anglo American’s Brazilian nickel assets, despite concerns the deal would hand…
Three years of giving junior mining a voice
On 12 September 2023, a significant new chapter was written in South Africa’s mining industry at the Johannesburg Stock Exchange (JSE). The launch of the Junior Mining Council…
ARM leaves door open to bigger stake in Surge Copper
AFRICAN Rainbow Minerals (ARM) says it may in time raise its 19.9% holding in Canada’s Surge Copper after the Berg project beat the group’s early expectations. ARM COO Jacques…
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…
US-backed group eyes $500m Tanzania nickel investment
AMERICA’S race to loosen China’s grip on critical minerals is zeroing in on Tanzania, where a US-backed investment vehicle is preparing to put roughly half a billion dollars…
Diamonds to stay in Anglo Teck until anti-trust approval
IT was goodbye. As chair Stuart Chambers opened the interim results presentation recently for Anglo American, which is due to merge with Canada’s Teck Resources, he said: “I have…
For Sibanye-Stillwater, home is where the ore is
SIBANYE-Stillwater got its name as a result of offshore expansion, but following a damaging decline in metal prices that exposed its balance sheet, its new CEO is promising a…
Metals of war: why US Govt has weaponised mining
Eighteen mining companies went public in the past 12 months with one aim in common: an ambition to supply the US government’s defence industry. Assisted by US President Donald…
Glencore joins battle for Cuba-linked cobalt refiner
GLENCORE has entered the contest to recapitalise Sherritt International, pitting the mining giant against a family office with ties to Donald Trump for control of a Canadian…
US-backed group favoured for Tanzania nickel deal
A CONSORTIUM backed by the US government has emerged as the preferred candidate to invest in a major nickel project in Tanzania, said Bloomberg News. Lifezone Metals, which has…
Bokoni Platinum reboot could knock ARM’s cash flow
AFRICAN Rainbow Minerals (ARM) has a colourful track record picking capital projects. It sold its 40% stake in Zambia’s 70-year-old Lubambe copper mine (formerly Konkola North)…
US bans critical mineral exports in bid to boost defence
THE US will prohibit exports of certain used critical minerals as it moves to secure military supply chains and reduce reliance on China for metals, said the Financial Times. The…
South32’s long road from ‘crapco’ to copper
MATT Daley, the Australian-born CEO of South32, takes over a company far simpler in structure than the demerged assets bequeathed to his compatriot, Graham Kerr. When Kerr made…
Why, this time, ARM thinks Bokoni Platinum will fly
THE new development plan for African Rainbow Minerals’ Bokoni Platinum Mine amounts to a “completely different business proposition,” according to ARM COO, Jacques van der Bijl.…
Anglo American shares jump on copper cost cut
ANGLO American shares climbed 5% on Thursday after the group trimmed its 2026 copper cost forecast and stuck by its production targets for its newly streamlined business, News24…
ARM reopens platinum and nickel mines in projects worth R16bn
AFRICAN Rainbow Minerals (ARM) announced on Thursday the restart of its Bokoni platinum mine and, in a separate development, the Nkomati nickel open pit mine after approving…
Sibanye challenges US over Russia palladium imports
SIBANYE-Stillwater said on Tuesday it had appealed a US International Trade Commission ruling in May that imports of Russian unwrought palladium did not depress prices of the…
China launches vehicle to steer overseas mining deals
CHINA has set up a new state-backed investment company to coordinate its overseas mining deals, as Beijing seeks tighter control over global mineral supply chains amid Western…