Harmony Gold Mining has unveiled plans to invest R7.9 billion ($410 million) to significantly extend the life of its Mponeng mine in South Africa. This strategic investment is set to prolong the mine’s operation from its current seven years to a total of 20 years, with the enhancement works slated to begin in 2025. Located...
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Trade unions in Guinea have called off a national strike that began on Monday, significantly impacting the country’s mining sector. The decision to suspend the strike came after the release of Sékou Jamal Pendessa, the secretary-general of the Union of Press Professionals of Guinea, whose freedom was a primary condition set by the unions for...
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India has initiated the second phase of its extensive critical minerals auction, valued at approximately 30 trillion rupees ($362 billion), announced Pralhad Joshi, the country’s Minister for Mines. This ambitious move aims to auction 18 blocks of critical minerals such as tungsten, vanadium, cobalt, and nickel across eight states, including Chhattisgarh, Madhya Pradesh, Karnataka, Maharashtra,...
READ MOREGetech Group, a leader in the identification of subsurface resources, is excited to announce its latest venture—a joint venture agreement with East Star Resources, a company focused on copper exploration within Kazakhstan and listed in London. This collaboration will operate through a newly formed subsidiary, the JV Company, aimed at exploring sedimentary-hosted copper within Kazakhstan’s...
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Myanmar has emerged as one of the world’s top ten producers of rare earth elements, crucial for the global shift towards renewable energy. However, this expansion comes at a significant cost, including environmental degradation and potential contributions to the country’s internal conflicts. Amid intensified armed conflict between Burmese insurgents and the military junta, the rare...
READ MOREArdea Resources has received backing from a prominent Japanese business consortium for the definitive feasibility study (DFS) of its Goongarrie Hub nickel project located in Western Australia. The consortium, comprising industry powerhouses Sumitomo Metal Mining and Mitsubishi Corporation, completed its due diligence, setting the stage for binding agreements by the end of next month. This...
READ MOREAfrican Rainbow Minerals (ARM) is set to report a significant decline in earnings for the half-year ending December, impacted by falling prices in platinum group metals (PGMs) and thermal coal. The diversified miner anticipates a 40%-50% year-on-year decrease in interim headline earnings, which are expected to range between R2.586 billion and R3.103 billion. Headline earnings...
READ MORERusolovo, part of the Seligdar group, is finalizing the design of the Amur Metallurgical Plant in the Khabarovsk Territory. Currently, the project work is being completed, with a focus on refining technological processes. Last year saw the selection of the general contractor, and currently, there is an ongoing assessment of the required number of buildings...
READ MOREIn a strategic move to bolster its financial and operational performance, Vedanta Group, a leading global mining conglomerate, has announced its target to achieve a pre-tax profit (EBITDA) of USD 6 billion in the fiscal year 2025, aiming to further increase this figure to USD 7-7.5 billion in the subsequent year. This ambitious goal is...
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Japan Gold Corp. has officially announced Fraser MacCorquodale as its new President and Chief Operating Officer, starting March 1, 2024. With a distinguished career spanning over 35 years, MacCorquodale brings a wealth of experience to Japan Gold, having previously served as General Manager for Exploration at Newcrest Mining Limited from 2008 to 2023. During his...
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BHP is currently navigating through the early stages of an internal restructure, a move that has sparked concerns over potential job losses within its Western Australian operations. The company has introduced significant changes aimed at streamlining its global operating model, yet the full impact on employment remains unclear. This week, BHP unveiled plans to reorganize...
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KAZ Minerals is set to enhance the infrastructure of the Baimskaya ore zone in the Chukotka Autonomous Region, with the Russian government facilitating the construction of an all-season road to the mining site. This development is a critical component of the flagship project aimed at exploiting one of the world’s largest undeveloped copper deposits. The...
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In a significant legal victory, Sandfire Resources America witnessed a surge in its stock following the Montana Supreme Court’s decision to reinstate the permit for its flagship Black Butte copper project. This ruling reverses a prior district court decision, reigniting the project that had been under scrutiny due to environmental concerns. The Black Butte copper...
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In a detailed briefing from the Vavouto site in Voh, Neil Meadows, Chairman of Koniambo Nickel SAS (KNS), addressed the current status and future prospects of the northern New Caledonia nickel plant, which has been on standby for the past six months. The halt in operations is part of a strategic pause to facilitate Glencore’s...
READ MOREIn a strategic move prompted by investment restrictions, Sumitomo Metal Mining Co., Ltd., along with Vale Canada, has announced the partial divestiture of their holdings in PT Vale Indonesia (PTVI), a key player in the Indonesian nickel exploration and smelting sector. This decision aims to comply with the Indonesian government’s mandate that a majority of...
READ MOREChina is showing a growing interest in Afghanistan’s extensive natural resources, including oil, gas, and minerals crucial for the production of high-tech chips and batteries. This interest is driven by the desire to secure a dominant position in the global supply chain. As Western involvement in Afghanistan diminishes, China sees an opportunity to tap into...
READ MOREThe CEO of Business Leadership South Africa, Busisiwe Mavuso, has highlighted the distressing trend of job losses within the South African mining sector, attributed to a combination of logistical bottlenecks and falling commodity prices. Mavuso pointed out that the accumulation of unsold stockpiles, a direct consequence of inefficiencies in the country’s rail and port services,...
READ MORERusolovo has made significant progress in the design and development of the Amur Metallurgical Plant in the Khabarovsk region, with the technical regulations now finalized. A general contractor has been selected and has initiated the design of the facility’s infrastructure. According to Rusolovo’s press service, the project is in the detailed analysis phase, focusing on...
READ MORERussian oil giant Tatneft is broadening its investment in Kazakhstan, venturing into the exploration and production of tungsten and molybdenum, alongside its oil operations. This move was highlighted during Kazakhstan President Kassym-Jomart Tokayev’s visit to Kazan, where several key agreements were inked between Samruk-Kazyna fund and Tatneft. A notable development is the formation of a...
READ MOREThe U.S. has levied sanctions against Samara Metallurgical Plant, Russia’s premier aluminium semi-finished product manufacturer, alongside its General Director, Mikhail Spichak, and President, Maxim Smirnov. Announced by the U.S. State Department, these measures are part of a substantial sanctions package marking the second anniversary of hostilities in Ukraine and commemorating Navalny. The sanctions entail asset...
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The Ust-Kamenogorsk Titanium-Magnesium Combine is poised for significant expansion with 25 investment projects worth 207 billion tenge (approximately $455.4 million USD) in the pipeline. Announced during President Kasym-Jomart Tokayev’s visit, this move solidifies Kazakhstan’s strong foothold in the global titanium market, boasting an 11% worldwide share and over 20% in the aerospace sector. Certified by...
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Newmont is looking to offload six mines and two development projects, aiming to generate $2 billion. Among the assets for sale are the Akyem mines in Ghana, highlighting a strategic move to streamline its operations following the acquisition of Newcrest Mining Ltd. This acquisition, valued at roughly $15 billion, has further established Newmont as the...
READ MOREU.S.-based Alcoa has announced a $2.2 billion all-stock proposal to acquire its Australian joint venture partner, Alumina. This strategic move aims to consolidate Alcoa’s upstream operations and simplify its corporate structure, providing greater control over the Alcoa World Alumina and Chemicals (AWAC) venture. AWAC, a significant player in bauxite mining and alumina refining, operates across...
READ MORESibanye-Stillwater has wrapped up its restructuring process for four shafts at its South African platinum group metal (PGM) operations. The process resulted in 1,208 employees accepting voluntary separation or early retirement packages, with an additional 47 employees being retrenched. The restructuring also affected approximately 800 contractor employees. The company initiated this process to address unprofitable...
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