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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 …
Kabanga Nickel in spotlight as West forms minerals coalition
WEB5 hours ago · September 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 …
US accelerates battery minerals investment with South32 grant
WEB11 hours 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 project’s Clark oxide deposit.
Gold Fields paid premium for Osisko to avoid ‘another Yamana’
WEB9 hours ago · GOLD Fields is one of the companies criticised for overpaying for assets following its C$2.16bn Osisko Mining takeover last month. Concluded at a 55% premium, the transaction drew the attention of Barrick Gold CEO, Mark Bristow. Famously reticent to commit to mergers & acquisitions, Bristow described Gold Fields’s deal as “concerning”.
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.
Out of the spotlight, Trans Hex stages surprising comeback
WEB9 hours ago · W hen Trans Hex skulked off the JSE at the end of 2019, few punters gave the beleaguered diamond mining group a snowball’s chance of surviving … let alone ever thriving again.. At the time of its delisting Trans Hex was staring starkly at a handful of serious challenges. The traditional Orange River alluvial concessions were all but mined out, while the Namaqualand mining operations ...
World’s largest banks to throw weight behind nuclear energy
WEB5 hours ago · FOURTEEN of the world’s largest banks and financial institutions are to pledge their support for the development of more nuclear energy, said the Financial Times.. Banks including Bank of America, Barclays, BNP Paribas, Citi, Morgan Stanley and Goldman Sachs will at an event on Monday with White House climate policy adviser John Podesta support goals set out at the COP28 climate negotiations ...
Rise of AI to fuel copper shortage, says BHP - Miningmx
WEB11 hours ago · September 16, 2024. THE rise of artificial intelligence will contribute towards a looming supply deficit in copper, said the Financial Times citing comments by BHP’s CFO Vandita Pant. AI and data centres, which will require more energy intensive computing, could boost global copper demand by 3.4 million tons by 2050, said the newspaper.
Miners cashing in on traders desperate for copper - Miningmx
WEBJun 5, 2024 · MINING companies are cashing in on demand for copper by demanding huge upfront payments for the metal or extra-long supply contracts, said Bloomberg News.. Eurasian Resources Group is seeking upfront payment for as much as $1bn of its copper and aluminum production, in deals that have already drawn interest from bidders including Trafigura and Mercuria, said the newswire citing people familiar ...
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?