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An image of the TruScan system scanning material

Scanner finds copper-rich mineralisation

Published: 26 Apr 24

Mining technology provider Veracio’s TruScan core scanning system has facilitated the generation of geological insights instrumental to discovering diversified explorer and developer Foran Mining’s Bridge target zone, which is adjacent to Foran’s McIlvenna Bay copper development project, in the Province of Saskatchewan in Canada. Since its partnership in 2022 with Veracio, Foran has deployed the TruScan system onsite as part of its ongoing exploration at its flagship McIlvenna Bay project to better understand the intricate geological complexities of the existing resource and the Tesla discovery, explains Foran exploration VP Erin Carswell.

Reflux flotation cell in an industrial coal application

Testing backlog as global interest in new flotation tech grows

Published: 26 Apr 24

Global interest in and the uptake of the new REFLUX Flotation Cell (RFC) from full flowsheet technology and service supplier FLSmidth has been gaining considerable momentum. As a result of this significant interest, the company is experiencing a backlog in paid-for test programmes at its Salt Lake City facility, in the US, FLSmidth global product director REFLUX technologies Lance Christodoulou tells Mining Weekly. “We've got customers that are prepared to proceed with the purchase of full-scale equipment to trial in Europe, following the results achieved during lab testing. We are yards ahead in the commercialisation phase compared with where we were when we started two years ago.”

Xavantina Operations, Brazil

Published: 26 Apr 24

A gold mine in south-eastern Mato Grosso State, Brazil.

BHP has spent the last ten years simplifying their asset base only to buy one of the most complex portfolios in the industry.

BHP’s mega bid for Anglo sets stage for industry shakeup

Published: 25 Apr 24

Australia-headquartered BHP has made a bold move with its bid to acquire rival Anglo American in an all-share deal valued at $38.8-billion. With this manoeuvre, BHP aims to create the largest copper miner globally, but it could face scrutiny from Anglo shareholders over valuation concerns. Commenting on the proposed deal, Wood Mackenzie mining and metals corporate research director James Whiteside remarked that the transaction would represent the biggest shakeup of the global mining industry in more than a decade.

Anglo American share price shows traders want a sweeter bid

Published: 25 Apr 24

Traders are pushing Anglo American Plc shares above the value of BHP Group’s takeover proposal, a sign they expect a higher bid from the suitor or an interloper. BHP’s proposal, which values the target at £31.1-billion ($38.9-billion), has several moving parts — it calls for Anglo shareholders to receive BHP shares, plus stock in two listed Anglo units that would be spun off.

Vale sees no impact from BHP-Anglo American deal on Minas-Rio project

Published: 25 Apr 24

Brazilian miner Vale sees no impact from BHP Group's bid for Anglo American on the latter's Minas-Rio project, its CEO, Eduardo Bartolomeu, said on Thursday. "We don't see any impact on the Minas-Rio deal. It's being done, of course, by Anglo and will be respected by whoever comes after, if they come after," said the CEO, during a conference call with analysts on the firm's first-quarter results.

Mineral Resources and Energy Minister Gwede Mantashe

Mantashe signals opposition to BHP-Anglo deal

Published: 25 Apr 24

South African Mines Minister Gwede Mantashe signaled his opposition to BHP Group Ltd.’s proposed takeover of Anglo American. The offer by the world’s largest miner envisages an all-share deal in which Anglo American would first spin off controlling stakes in South African platinum and iron-ore companies to its shareholders before being acquired by BHP. The proposal values Anglo American at £31.1-billion ($38.8-billion)

Hummingbird’s first-quarter performance impacted by contractual dispute at Kouroussa

Published: 25 Apr 24

Despite what its CEO Dan Betts deemed a challenging quarter, Aim-listed Hummingbird Resources delivered an 18% quarter-on-quarter increase in gold production at just under 17 000 oz from the Yanfolila mine, in Mali, in the quarter ended March 31. This while the Kouroussa project, in Guinea, produced 5 868 oz of gold. The newly commissioned mine experienced disrupted operations in January owing to a fire at a fuel depot, with fuel deliveries having resumed later in the month.

Gem to report 15% q/q rise in carat sales for the first quarter

Published: 25 Apr 24

London-listed Gem Diamonds notes in a trading update for the first quarter of this year that it sold 32 571 ct of diamonds recovered from its 70%-owned Letšeng mine, in Lesotho. This represents a 15% increase on the 28 402 ct sold in the fourth quarter of 2023.

Vedanta misses Q4 profit estimates on lower prices

Published: 25 Apr 24

ndian mining group Vedanta reported a 27% drop in fourth-quarter profit on Thursday, reflecting weaker prices of major metals like aluminium and zinc amid ballooning finance costs. The oils-to-metals conglomerate, led by billionaire Anil Agarwal, posted a consolidated net profit of 13.69-billion rupees (about $164-million), falling behind analysts' estimates of 21.10-billion rupees, as per LSEG data.