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Teck increases copper production with QB ramp-up
Published: 25 Apr 24
Canadian mining group Teck Resources has increased its copper production by 74% to 99 000 t in the first quarter, as output increased at the newly-built QB mine, in Chile.
The Antamina mine, in Peru, and Highland Valley Copper mine, in Canada, also had a strong performance, Teck reported on Thursday.
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Creativity, innovation keep South Africa’s mining tech manufacturing industry competitive
 Published: 25 Apr 24
An admirable degree of creativity exists within the South African mining technology and equipment manufacturing sector, giving manufacturers the necessary flexibility to weather the significant challenges over the past few years, Mining Equipment Manufacturers of South Africa CEO Lehlohonolo Molloyi has said. He was speaking as part of a panel in a webinar hosted by Creamer Media and sponsored by ABB, AECI Mining, Astron Energy and Epiroc, on April 24.
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Zimbabwe’s Mnangagwa names new Mines Minister in mini-reshuffle
Published: 25 Apr 24
Zimbabwe’s President Emmerson Mnangagwa has reappointed Winston Chitando as the Southern African nation’s Mines Minister, a post he held before last year’s elections. Prior to his reappointment, Chitando was the local government minister.
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Kazakh miner ERG denies circumventing Congo subcontracting laws
Published: 25 Apr 24
Kazakh miner Eurasian Resources Group (ERG) has denied accusations it tried to bypass Democratic Republic of Congo's subcontracting laws designed to boost local ownership in the mining sector, job creation, and benefits to the country's economy. In a statement published last week, Congo's government accused ERG of passing off nine subcontracting companies as majority partners with "fictitious" shares in order to circumvent legislation requiring that Congolese shareholders own 50% of subcontracting shares.
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BHP makes £31bn offer for Anglo American
Published: 25 Apr 24
Diversified mining major BHP on Thursday announced a proposed all-share offer that values Anglo American at £31.1-billion. The deal has the potential to transform the mining industry landscape.
BHP offered Anglo shareholders £25.08 a share, including £4.86 a share for Anglo American Platinum (Amplats) shares and £3.40 a share for Kumba Iron Ore shares.
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BlackRock says $12 000/t copper is needed to incentivise new mines
Published: 25 Apr 24
Copper needs to reach $12 000/t — a 20% jump from this week’s high — to incentivize large-scale investments in new mines, said Olivia Markham, who co-manages the BlackRock World Mining Fund.
The metal’s price hit a two-year high near $10 000, but Markham said further gains are necessary to encourage miners to sign off on projects required to avoid major deficits during the energy transition.
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Lower iron, nickel and copper prices weigh on Vale's quarterly earnings
Published: 25 Apr 24
Brazilian miner Vale on Wednesday said lower prices for iron-ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below analyst estimates.
Vale, the world's no.2 producer of iron-ore, posted a $1.7-billion net profit for the quarter ended in March, 9% lower than the year-earlier period, while analysts polled by LSEG were expecting $1.9-billion.
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Changing business opportunities, challenges in Zimbabwe highlighted
Published: 24 Apr 24
Zimbabwe is undergoing change and aims to attract more companies to do business in the country, but risks and challenges remain for businesses aiming to capitalise on the opportunities in the country. These were some of the views raised by Zimbabwean and international representatives during an information session on 'Doing business in Zimbabwe' hosted by the Southern African-German Chamber of Commerce and Industry this week.
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First Quantum says probability of taking out copper from Panama mine only after election
Published: 24 Apr 24
Canadian miner First Quantum Minerals said on Wednesday the likelihood of taking out the 121 000 t of copper from its disputed Cobre Panama mine can only happen after the Panama national election.
First Quantum's Cobre Panama is under preservation and safe maintenance after the current Panama government ordered the closure of the copper mine last year.
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Armadale sets out to earn a majority stake in US silver asset
Published: 24 Apr 24
Aim-listed investment company Armadale Capital, which holds mine investments in Africa, has entered into an agreement to earn a 50% interest in Africo American Incorporated (AAI), the holding company of the Canyon Silver lead/zinc/silver exploration asset, in Idaho, in the US. Armadale has an option to acquire an initial 25% interest in AAI through the purchase of new shares for $500 000 in cash before December 31.
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Gonfreville-l’Orcher hydrogen production plant, France
Published: 26 Apr 24
Khavda Renewable Energy Park, India
Published: 26 Apr 24
Grand Ethiopian Renaissance Dam, Ethiopia – update
Published: 26 Apr 24
Copper hit $10 000 a ton for the first time in two years as speculation builds that the world’s mines will struggle to meet a coming wave of demand...
Transnet volumes, revenue up, but falls short of recovery targets
Published: 26 Apr 24
State-owned Transnet has reported a 1.5% year-on-year improvement in the total rail volumes reaching 151.7-million tonnes at the end of March 2024,...
Eskom says generation recovery plan gathering momentum
Published: 26 Apr 24
During a State of the System address hosted on Friday, Eskom confirmed its generation recovery plan (GRP) is making tangible progress, with various...
