African Rainbow Minerals reports lower earnings in FY23, cuts dividend
South African diversified miner African Rainbow Minerals (ARM; JSE: ARI) said yesterday that its headline earnings in FY23 (fiscal year
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Hydrogen economy to consume 2.4m oz of platinum annually by 2030
Recently, commodity analysts at Bank of America said that the hydrogen economy has seen significant growth in the last year,
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Jubilee Metals: Strong operational performance exceeds guidance
Jubilee Metals Group, a leader in diversified metals processing, with operations in Africa, publishes its unaudited Operational Update for the
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Fortitude produces 9,684 ounces of gold in Q2, maintains its 2023 guidance
Fortitude Gold has reported preliminary production of 9,684 gold ounces in Q2 2023, down 12% compared to 10,980 ounces produced
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Conversion to low-carbon eco-friendly steelmaking process with green energy
Since the power generation structure of the steel works is connected to the steelmaking process, there is a big change
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Recent trends impacting demand for refractory alumina
A combination of increasing material and sustainability demands is driving remarkable changes in the steelmaking industry.Almatis has been taking an
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Response to Teck’s withdrawal of its separation proposal
Glencore notes the decision by Teck to withdraw its separation proposal and its recognition that a simple and direct approach
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Tin jumps to $27,660/t in April amid tin mining suspension in Myanmar
LME tin price jumped from a low of $23,940 to a peak of $27,660 in mid-April on news of a
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GLENCORE: Q1 production of copper, zinc, nickel, silver, coal is down
Glencore announced yesterday that in Q1 2023, its own sourced copper production was 244,100 tonnes, 5% lower than Q1 2022,
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Anglo American production increases by 9% in the first quarter 2023
Anglo American production in the first quarter increased by 9% compared to the same period in 2022, driven by the
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Rio Tinto releases first quarter production results
Pilbara operations produced 79.3 million tonnes (100% basis) in the first quarter, 11% higher than the first quarter of 2022.
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Anglo American’s ambition for 50% Scope 3 emissions reduction by 2040
Building on the series of environmental and other commitments set out in its 2018. Climate science has set an imperative
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Proposal for a merger between Glencore and Teck
Glencore plc (“Glencore”) confirms that it submitted a proposal to the Board of Directors of Teck Resources Limited (“Teck”) on
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Rio Tinto pays $10.8 billion of taxes and royalties in 2022
MELBOURNE, Australia – Rio Tinto has published its 2022 tax report, detailing $10.8 billion of global taxes and royalties paid
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Rio Tinto spends A$15.3 billion with Australian suppliers
MELBOURNE, Australia – Rio Tinto increased its spend with Australian suppliers to more than A$15.3 billion in 2022, as part
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Endeavour gold sales decreased to 1,393koz in FY-2021
Gold sales from continuing operations increased from 338koz in Q3-2022 to 352koz in Q4-2022 due to increased sales at the
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Minerals council welcomes minister responsible for electricity
Johannesburg – The Minerals Council South Africa notes the appointment of new cabinet ministers and congratulates Paul Mashatile on his
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Sibanye Stillwater: Profit drops from R33.8bn to R19bn YoY
JOHANNESBURG – Sibanye-Stillwater has reported operating and financial results for the six months ended 31 December 2022, and reviewed condensed
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African Rainbow Minerals increases its headline earnings by 40%
Headline earnings for 1H F2023 increased by 40% to R5 171 million (1H F2022: R3 696 million). Headline earnings for
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Ivanhoe announces capital expenditure guidance for Kamoa-Kakula, Platreef and Kipushi
JOHANNESBURG, SOUTH AFRICA – Ivanhoe Mines’ President Marna Cloete and Chief Financial Officer David van Heerden have announced capital expenditure
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Barrick’s Mali gold operations honoured for tax citizenship
Barrick, through its legacy company Randgold, has been operating in Mali for more than a quarter of a century and
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Jubilee Metals outlines its plans for prospects for FY2023
In Zambia, Jubilee has refined the implementation of the Northern Strategy against the backdrop of the upgraded power and water
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Newmont announces appointment of new Chief Operating Officer
DENVER – Newmont Corporation has announced that Natascha Viljoen will join the Company’s Executive Leadership Team as Executive Vice President
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CEO, Gary Nagle says Glencore generated record profits
Glencore’s Chief Executive Officer, Gary Nagle, commented: “The global pandemic, recovery from it and years of underinvestment, followed by conflict
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Sasol delivers a mixed set of results for H2 2022
JOHANNESBURG – Sasol is expected to deliver a mixed set of results for the six months ended 31 December 2022,
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DMRE to overcome load shedding within the next 12 months
CAPE TOWN – Speaking at the Mining Indaba in Cape Town.Mineral Resources and Energy Minister Gwede Mantashe says there are
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Impala Platinum produced 9% less PGM in HY22
Impala Platinum, world’s leading producer of platinum group metals (PGM), has reported that for the half-year ended 31 December 2022
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South32 provides development and exploration update
South32 invested US$96M at Hermosa in the December 2022 half year as it continued critical path dewatering activity and study
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South32 investments in copper and low-C aluminium delivered strong growth
South32 has reported in its quarterly report, ending December 2022, that group copper equivalent production increased by 12% in H1
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First Quantum increases guidance on capital expenditure
First Quantum reports that its capital expenditures have been experiencing inflationary cost increases, including higher shipping rates, steel prices, fuel
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