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Silvercorp expands reach with C$200m Adventus acquisition
Silvercorp expands reach with C$200m Adventus acquisition
Updated 2 hours 57 minutes ago By: Mariaan Webb

In a move aimed at diversification, Canadian mining firm Silvercorp has announced a C$200-million deal to venture into Ecuador, just weeks after harrowingly missing out on acquiring control of Tanzania-focused OreCorp. The all-share offer for... 


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Southern Copper lifts output forecast amid tight metal market
Updated 7 hours ago By: Bloomberg

Southern Copper raised its annual production guidance as ore quality improves and the company resolves water supply issues in Mexico, offering a little relief for a tightening global copper... 


An image showing the Sabodala-Massawa BIOX Expansion project, in Senegal
Endeavour achieves first gold pour at Senegal project expansion
Updated 2 hours 26 minutes ago By: Tasneem Bulbulia

Senior gold producer Endeavour Mining announces that first gold pour at the Sabodala-Massawa BIOX Expansion project, in Senegal, took place on April 18, marking the successful delivery of the BIOX... 


The Mogalakwena mine in South Africa
BHP considering improved proposal for Anglo American, sources say
29th April 2024 By: Reuters

BHP Group is considering making an improved offer for Anglo American after its $39-billion initial proposal was rejected by the London-listed miner, a source familiar with the matter told Reuters.... 


Activist investor Elliott builds $1bn stake in Anglo American
Activist investor Elliott builds $1bn stake in Anglo American
26th April 2024 By: Reuters

Activist fund Elliott has built up a $1-billion stake in Anglo American, a filing showed on Friday, after the London-listed miner became a takeover target by bigger rival BHP Group. Elliott... 


BHP seeks to break mining’s M&A curse with thorny Anglo deal
BHP seeks to break mining’s M&A curse with thorny Anglo deal
26th April 2024 By: Bloomberg

The last time BHP Group took a swing at another major miner, it was Rio Tinto back in 2007. That could have been a blockbuster $150-billion takeover, but with metals prices crashing as the... 


Altona appoints David Catterall as Sesana project consultant
Updated 55 minutes ago By: Darren Parker

London-listed Altona Rare Earths has appointed David Catterall as a consultant, with a special focus on the company's Sesana copper/silver project, in Botswana, where he will work closely with CEO... 


A truck moving ore at Vedanta's Konkola Copper Mines, in Zambia
Vedanta seeks deals with traders to help fund Zambia copper mine
Updated 1 hour 8 minutes ago By: Bloomberg

Vedanta Resources has approached trading houses as it seeks to raise capital to revive the Konkola copper mining and smelting complex in Zambia. Billionaire Anil Agarwal’s Vedanta has discussed... 


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Rand Refinery donates R2m to seven Gauteng schools
Updated 1 hour 21 minutes ago By: Sabrina Jardim

As part of its commitment to education, precious metals refiner Rand Refinery has donated R2-million to seven primary and secondary schools in Gauteng. The company says this donation will be... 


Red Rock to undertake work programmes at Burkina Faso project
Updated 1 hour 24 minutes ago By: Tasneem Bulbulia

Aim-listed Red Rock Resources’ Bilbale gold project, in Burkina Faso, holds “significant potential”, consultant Dr Willem J Smuts has noted in a report. Smuts recently undertook a site visit to the... 


Ongoing Douta exploration efforts
Thor reports lower revenue, profits for 2023
Updated 1 hour 32 minutes ago By: Darren Parker

Gold mining and exploration company Thor Explorations has reported a $24-million year-on-year decrease in revenue from $165.2-million in 2022 to $141.2-million for the year ended December 31, 2023.... 


BHP tells investors Anglo bid is 'on strategy', stresses discipline
BHP tells investors Anglo bid is 'on strategy', stresses discipline
Updated 1 hour 49 minutes ago By: Reuters

BHP has told Australian investors privately that its $39-billion Anglo American bid is in line with its strategy and that it will be disciplined in its approach, two fund sources said. The world's... 


Indonesian miner eyes nickel assets as it shifts focus from coal
Updated 1 hour 52 minutes ago By: Bloomberg

Indonesian coal company PT Harum Energy is looking to buy more nickel mines as it ceases further investment in fossil fuels in order to prepare for the energy transition. The miner plans to avoid... 


URA starts production at Gravelotte emerald mine
Updated 2 hours 26 minutes ago By: Tasneem Bulbulia

London-listed URA Holdings has started phased production at the Gravelotte emerald mine (GEM) in South Africa. Following the successful commissioning of the processing and sorting plants, phased... 


Saudi Arabia set on securing lithium for EV ambitions
Saudi Arabia set on securing lithium for EV ambitions
Updated 7 hours ago By: Reuters

Saudi Arabia is committed to sourcing lithium from overseas as it looks to produce EV batteries and invest in the electric vehicle sector, a senior minister said in an interview, noting attempts to... 


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Glencore bought aluminium from Rusal worth $1.06bn in 2023
29th April 2024 By: Reuters

Commodities group Glencore bought aluminium from Russian producer Rusal worth $1.06-billion in 2023 as part of their long-term contract, the Russian producer said in an annual report on Friday.... 


State-owned groups Eskom and Transnet have impaired mining productivity with unreliable power supply and a lack of trains to move mineral exports.
BHP’s South Africa snub an indictment of ANC, DA says
29th April 2024 By: Bloomberg

BHP Group’s bid to spin off Anglo America’s South African assets as part of a takeover proposal shows how the economic policies of the ruling African National Congress (ANC) have undermined... 


Copper hits $10 000/t as bulls predict looming deficit
Copper hits $10 000/t as bulls predict looming deficit
26th April 2024 By: Reuters

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 from green industries. The metal reclaimed its... 


World Platinum CEO Trevor Raymond at Shanghai Platinum Week 2023.
Shanghai Platinum Week: Hydrogen’s going to feature big, says World Platinum Investment Council
26th April 2024 By: Martin Creamer

The growth in demand for platinum applications in China is extremely high, making detailed access to the China market hugely advantageous. Providing this detailed access from July 8 to 11 will be... 


China loses its appetite for Russian coal as import costs rise
26th April 2024 By: Bloomberg

China is losing its appetite for Russian coal as import taxes and logistical snarls push Asia’s biggest buyer to cheaper alternatives. Russian exports plunged 22% in the first quarter after... 


China's Q1 gold consumption climbs nearly 6% on safe-haven demand
26th April 2024 By: Reuters

hina's gold consumption in the first quarter of 2024 climbed by 5.94% from a year earlier on soaring safe-haven demand, the country's Gold Association said on Friday. Bullion consumption in the... 


An image of Implats CEO Nico Muller
Implats' proposed restructuring puts 3 900 jobs at risk
26th April 2024 By: Tasneem Bulbulia

JSE-listed Impala Platinum Holdings (Implats) has initiated a Section 189(3) consultation process at its South African operations, signalling thousands of potential job losses. Implats envisages a... 


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Magazine round up | 26 April 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

WEIGHING OPTIONS: Eskom and government are considering private and foreign options to fund a R390-billion expansion of the electricity grid as more renewable generation comes online. Bloomberg reports that talks are under way on the funding of South Africa’s transmission requirements, including the potential use of money pledged by rich nations toward an energy transition and another option to tap private sources. Photograph: Bloomberg
WEIGHING OPTIONS

Eskom and government are considering private and foreign options to fund a R390-billion expansion of the electricity grid as more renewable generation comes online. Bloomberg reports that talks are... 

Photo of Martin Creamer
Our platinum group metals industry must be backed to the hilt by all South Africans

The potential loss of platinum group metals (PGMs) demand to battery electric vehicles (BEVs) spells dire consequences for the South African mining industry. At risk are income streams to nearly... 

Photo of Terence Creamer
Reflect and recommit

Memories are short and it often feels like they are becoming shorter not only because of the flood of information associated with the 24-hour news cycle but also second-by-second social media... 

Business Leader

Henry Adams, country manager at InterSystems
Henry Adams

This week we profile Henry Adams, country manager at InterSystems, the primary business of which is supplying and supporting software products 

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STILL FLYING

Years of State capture, corruption and ongoing crime and violence have left deep scars and have taken most of the gloss of any celebrations marking 30 years of democracy. Nevertheless, South Africa... 

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