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WEBMiningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its …
Aurous “advances discussions” for $50m ahead of gold merger
WEB11 hours ago · September 30, 2024. AUROUS Gold said it had raised $7.5m as part of its proposed merger with New York listed blank cheque company Rigel Resources Acquisition Corp. “Aurous Gold and Rigel continue to advance discussions with a range of strategic and institutional investors to raise a total $50m of PIPE (private investment in public equity ...
US accelerates battery minerals investment with South32 grant
WEB1 day ago · SOUTH32 said its Hermosa project in Arizona was in line to receive a $166m grant from the US Department of Energy which the miner will put towards the construction of a manganese production facility. South32 recently approved Hermosa, a $2.16bn zinc-lead-silver project with potential manganese production from the …
Copper price set for volatility, say producers - Miningmx
WEB1 day ago · September 30, 2024. Copper concentrate. COPPER producers have warned the price of the metal will become volatile as the industry struggled to bring new supply online. Price swings would be “sharp from time to time” said the Financial Times citing Iván Arriagada, CEO of Chilean copper producer Antofagasta. He.
Sinomine to build $500m lithium refinery in Zimbabwe
WEB19 hours ago · October 1, 2024. SINOMINE is to build a $500m lithium refinery in Zimbabwe in the next three to five years despite losing money following a crash in the price of the metal. “We have to borrow from the market and investors,” Xuedong Gong, MD of Bikita Minerals, a subsidiary of Sinomine Resource Group, told Bloomberg News in …
Anglo surges 7.7% on JSE but China stimulus may not deliver
WEB19 hours ago · September 25, 2024. MINING shares leapt in Johannesburg following Tuesday’s news of China stimulus efforts with Anglo American leading the way. The UK miner gained 7.68%, while shares its 71%-owned subsidiary Kumba Iron Ore were 10.2% higher. Shares didn’t trade in Johannesburg on September 24 owing to a national holiday.
Kabanga Nickel in spotlight as West forms minerals coalition
WEBSep 23, 2024 · THE US government is due to unveil financing for the Kabanga Nickel, a project in Tanzania in which BHP has a 17% stake.. The commitment is part of the Minerals Security Partnership, a coalition of 14 nations and the European Commission aimed at supporting critical minerals projects, according to a report on Monday by the Financial Times. The partnership is aimed at breaking the chokehold ...
The Mining Yearbook 2023 - Miningmx
WEBThe 2023 Mining Yearbook. Read on issuu. Miningmx is proud to present the online version of its Mining Yearbook 2023. Here are some highlights to look out for: The impact of artificial intelligence on society has caught the popular imagination, especially its perils. In mining however the benefits are nearly all good. Ed Stoddard investigates.
The Mining Yearbook 2020 - Miningmx
WEBThe Mining Yearbook 2020. The COVID-19 pandemic is accelerating change in the world’s mining sector and adding previously unanticipated dynamics. We speak to the industry’s top CEOs on how 2020 has changed the shape of their industries forever. We ask whether Eskom CEO Andre de Ruyter can make his long-term plans to overhaul Eskom stick?
Global miners facing 80% haircut in 2023/24 - Miningmx
WEBJune 25, 2024. NET profits earned by the world’s 40 biggest miners plunged by 44% in 2023 compared with 2022 and are expected to drop by another 36% in 2024 on a combination of lower commodity prices and above-average inflation, PwC said in its annual Mine 2024 report. It said total revenues of the world’s top 40 mining companies fell by 7% ...