Anglo American shares drop on South Africa challenges, production cut
Shares hit their lowest point since March 2020 after the miner unveiled plans to drastically cut the amount of commodities it mines.
Africa
Global gold snapshot: Eight companies exploring the world for the yellow metal
As gold prices reach historic highs of US$2,019 per oz., exploration companies are pursuing the yellow metal from up and down the Americas to Down Under. Here’s an overview of…
Ivanhoe Mines quadruples exploration spend in search of more DRC copper
Ivanhoe Mines (TSX: IVN) has increased its exploration budget to US$90 million for 2024, quadrupling the previous amount. The primary focus of exploration activities will be the Western Foreland project…
Lifezone Metals resource update raises tonnages for Kabanga nickel project
Lifezone Metals Limited (NYSE: LZM), 17% owned by BHP (NYSE: BHP; LSE: BHP; ASX: BHP), announced on Thursday a resource update for its Kabanga Nickel project in northwest Tanzania. The company…
Lithium insights: Interactive map of recent offtake deals
As electric vehicle uptake continues to rise, car companies and original equipment manufacturers (OEMs) are forging new relationships with miners for supplies of lithium needed in EVs. Governments are also…
First Quantum to fast-track Zambia project after Panama blow
Canada’s First Quantum Minerals (TSX: FM) has signed a deal with Zambia’s Mimosa Resources to fast-track development of their Fishtie copper project in the south-central African country, near the border with the…
2023’s key theme? Narrowed access to resources — whether mineral or cash
It’s December — time for our year in review. This year was notable for takeovers. Newmont paid US$21.2 billion for copper-rich gold miner Newcrest Mining; Glencore negotiated a US$8.9-billion deal…
Endeavour triples indicated gold resource at Tanda-Iguela
Endeavour Mining (TSX: EDV; LSE: EDV) has posted a resource update for its Tanda-Iguela gold property in Côte d’Ivoire that shows it’s among the most significant discoveries made in West…
Giyani secures US$16M for Botswana manganese project
Giyani Metals (TSXV: EMM) has secured a US$16 million financing from the Industrial Development Corp. of South Africa (IDC) to fund the development of its K.Hill manganese project in Botswana….
Cage drop kills 12, injures 74 at Implats Rustenburg mine in South Africa
Following a fatal accident at Impala Platinum Holdings‘ (JSE: IMP) Rustenburg mine in South Africa, the death toll has risen to 12 after a victim succumbed to their injuries in…
Sibanye-Stillwater cuts about 300 jobs in US to lower costs
Precious metals producer Sibanye-Stillwater (NYSE: SBSW) said on Wednesday it will proceed with expected job cuts at its U.S. platinum-group metals (PGM) operations, as declines in metals prices make it…
New high-grade copper find in DRC similar to Kakula, Ivanhoe says
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says it’s made a significant high-grade copper discovery in the Democratic Republic of Congo (DRC) similar to the massive orebody it’s mining at the…