Why Gold Fields is keen on Australia’s Northern Star
WHY would Gold Fields want to buy Northern Star Resources, Australia’s 1.5 million ounce-a-year gold miner, as reported by Bloomberg News on Saturday? Neither company had…
Fortuna nears final Senegal gold permit
FORTUNA Mining expects to secure the final construction permit for its Diamba Sud gold project in Senegal within weeks in a development that will diversify the country’s mining,…
Harmony Gold seeks end to 18-year PNG deadlock
HARMONY Gold is hoping that mediation will bring what it has sought for nearly 18 years: the development of Wafi-Golpu, a gold and copper deposit in Papua New Guinea (PNG) that…
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…
Pope to discuss mining ethics with industry leaders
POPE Leo XIV will host senior mining and energy executives at the Vatican on Saturday (January 31) for discussions on ethical approaches to the resources sector, including BHP…
BHP will not counter Rio’s Glencore bid
BHP has opted against pursuing a rival offer for Glencore as Rio Tinto advances discussions to acquire the Swiss mining giant, said Reuters citing two sources with knowledge of…
AI and defence will strain copper supplies
GLOBAL copper consumption is set to surge 50% by 2040, driven primarily by artificial intelligence and defence sectors, said Reuters citing a report published on Thursday by…
Canada clears Anglo’s $50bn takeover of Teck
CANADA has granted regulatory approval for Anglo American’s acquisition of Teck Resources, paving the way for a $50bn metals company focused on copper operations in Chile and…
Glencore to reopen Alumbrera as targets 1.6mt/y in copper output
GLENCORE annnounced today the restart of its Alumbrera mine in Argentina by late 2026 as it sought to give fresh momentum to its struggling copper division. Amid a downgrade of…
BHP abandons last ditch bid for Anglo American
BHP has abandoned a last ditch bid for Anglo American just two weeks before shareholders were scheduled to vote on Anglo’s $60bn merger with Canada’s Teck Resources. The world’s…
Colombia to purchase gold from informal miners
COLOMBIA will begin buying gold directly from small-scale producers next month in an effort to combat illegal mining and formalise a booming unregulated sector driven by soaring…
Glencore trims copper guidance despite strong Q3 recovery
GLENCORE trimmed the upper end of its copper production forecast for 2025 despite a strong recovery in the metal’s output in the third quarter. Full year output of the red metal…
Anglo Teck is not about surviving hostile M&A – Wanblad
THE combination of Anglo American with Canada’s Teck Corporation was hatched only two months ago as the firms discussed potential asset level cooperation. Duncan Wanblad, CEO of…
De Beers to post interim loss as discounts inventory diamonds
ANGLO American on Thursday said its diamond and steelmaking coal businesses would be loss-making in the first half of its financial year. This was owing to poor market conditions…
Trump’s tariff threat is “watershed moment” for copper
US copper prices reached historic highs on Tuesday after Donald Trump announced Washington would impose 50% tariffs on the industrial metal, marking the latest escalation in the…
Climate threatens global semiconductor copper supply chains
CLIMATE change could disrupt 32% of global semiconductor production by 2035 through copper supply shortages, quadrupling current risk levels, according to a…
Mkhwanazi to leave Anglo as group streamlines executive
ANGLO American said its regional director for Australia and Africa, Themba Mkhwanazi would leave the company following the disposal of group assets in the past 12 months.…
Copper tariffs offer mixed blessing for industry
US copper tariff threats have created a lucrative windfall for Freeport-McMoRan Inc., America’s largest copper producer, though the company’s CEO warns that comprehensive trade…
Rio, Glencore talks signal pressure in securing metal supply
MERGER discussions between Glencore and Rio Tinto which are said to have taken place last year was a sign of how mining companies were looking to secure metals for the energy…
How WGC’s Tait plans to disrupt tyranny of illegal gold trade
TERRORIST groups are tapping into $95bn worth of gold mined by artisanal and small-scale miners, says the World Gold Council (WGC) in a report launched in November. This illegal…