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…
Gold Fields eyes Northern Star takeover – report
GOLD Fields has approached Northern Star Resources about a potential takeover, said Bloomberg News citing people with knowledge of the matter. A deal with Northern Star would…
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…
BHP full-year profit jumps 30% as copper drives record earnings
DIVERSIFIED mining giant BHP reported better-than-expected full-year earnings and its highest annual dividend in four years, Reuters reported, as record copper prices boosted…
Gold Fields: Salares Norte shines but Windfall capex at risk
SALARES Norte, a mine high up in Chile’s Atacama desert, was the bane of Mike Fraser in his first year as CEO of Gold Fields. This year, however, it is promising to be his…
BHP warns copper output to fall on lower grades
BHP Group reported record annual iron ore production but warned that copper output will decline in the coming year as ore grades weaken at its major Chilean operations, including…
South32-Alcoa deal exposes beneficiation myth
THERE are few words in South African economic policy more seductive than “beneficiation”. It has everything: moral uplift, industrial ambition, a pleasingly muscular rhythm and…
Lithium demand forecasts too conservative
EVEN the most optimistic forecasts for lithium demand underestimate the metal’s future, said the Financial Times in a report this week citing the views of Tianqi Lithium CEO,…
Rio Tinto exits diamonds after half a century
RIO Tinto has closed its last diamond mine, ending more than 50 years in the business as the world’s second-largest miner sharpens its focus on copper, iron ore, aluminium and…
Gold Fields promises $500m in shareholder returns over two years
GOLD Fields said today it planned to return $500m to shareholders over the next two years either in special dividends or by buying back its shares. Commenting ahead of a closed…
Australia risks losing mining investment, warns BHP executive
AUSTRALIA must accelerate environmental approvals and provide cheaper power to remain competitive for mining investment, said Reuters citing comments made by BHP’s head of…
Aussie gold miner doubles down in Burkina Faso
IT’S a busy time for Perth-based West African Resources which recently registered first production from Kiaka, a gold mine in Burkina Faso. This is the second operation for the…
Gold Fields hits new high as Gruyere takeover approved
GOLD Fields has secured complete ownership of the Gruyere gold operation after Gold Road Resources shareholders overwhelmingly endorsed the South African company’s $3.8bn…
BHP projects image of calm as M&A gyrations begin
IT has been three years into a copper price bull run, yet it’s surprising how troubled some of its largest producers are. Rio Tinto, Anglo American and Glencore, accounting for…
Wind in their sails? How AngloGold and Gold Fields stack up
SOUTH African gold miners have sought valuation parity with their North American rivals for decades, largely by chasing offshore expansion. Gold mines in South Africa are deep,…
BHP faces $1.7bn cost blowout at Canada project
MINING giant BHP Group on Friday announced significant delays and cost increases at its Canadian potash venture, Jansen, Reuters reported on Friday. Some $1.7bn in cost overruns…
Rio Tinto names head of iron ore Simon Trott as new CEO
RIO Tinto Group has appointed its iron ore boss Simon Trott as CEO, replacing Jakob Stausholm from August 25, said Bloomberg News on Tuesday. The 50-year-old takes the helm as…
South32 sells Colombian nickel operations amid price collapse
AUSTRALIAN diversified miner South32 has announced it will incur an impairment charge of $130m related to the sale of its Cerro Matoso ferronickel operations in northern Colombia…
Clearly, Mike Fraser didn’t join Gold Fields to play safe
SO much for Africa’s largest gold mine, the sobriquet given to a joint venture (JV) in Ghana between Gold Fields and AngloGold Ashanti. Unveiled in March 2023, the aim was for…
Gold Fields concludes $750m notes offering
GOLD Fields said on Tuesday it had concluded its $750m notes offering, the proceeds of which will be used to repay a bridge facility of the same value. The seven-year notes,…