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Glencore CEO Gary Nagle
Glencore’s Rustenburg ferrochrome smelter remains idled
30th April 2024 By: Martin Creamer

Pending an improved price and cost environment, Glencore said in its first-quarter 2024 production report on Tuesday that its Rustenburg ferrochrome smelter in South Africa’s North West province... 


Anglo American takeover price needs to surpass £30 a share, survey shows
Anglo American takeover price needs to surpass £30 a share, survey shows
30th April 2024 By: Bloomberg

A takeover of Anglo American would need to be pitched at more than £30 ($37.6) a share, a higher price than BHP Group offered last week, according to analysts and traders surveyed by Bloomberg.... 


President Cyril Ramaphosa's spokesperson Vincent Magwenya
South Africa views BHP bid for Anglo as 'normal market activity'
29th April 2024 By: Reuters

South Africa views BHP Group's proposed bid for Anglo American as "normal market activity" and is following the process as it unfolds, President Cyril Ramaphosa's spokesperson said on Monday. BHP... 


Gold Fields CFO takes early retirement
30th April 2024 By: Martin Creamer

Gold Fields long-serving CFO Paul Schmidt, who is also an executive director of the Johannesburg Stock Exchange-listed gold mining company, is to proceed on early retirement, the company stated in... 


A hydrogen-powered truck in operation at Anglo American Platinum's Mogalakwena mine
As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets
30th April 2024 By: Reuters

BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African... 


Implats CEO Nico Muller
Implats platinum group metals output up amid robust demand but lacklustre pricing
30th April 2024 By: Martin Creamer

Platinum group metals (PGMs) mining and marketing company Implats on Tuesday reported higher production in a period characterised by robust demand but lacklustre PGM prices. “Despite continued... 


Anglo owns the Quellaveco mine in Peru
Anglo’s copper assets worth $35bn, report shows
2nd May 2024 By: Mariaan Webb

Anglo American’s copper assets are valued at about $35-billion and, if BHP aims to clinch these prized operations, the miner must substantially enhance its offer for its competitor. This is... 


Chinese miners see opportunities as BHP’s mega bid unfolds
Chinese miners see opportunities as BHP’s mega bid unfolds
2nd May 2024 By: Bloomberg

China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39-billion approach for rival Anglo American, potentially... 


Jiang Weiping has resigned as chairperson of Tianqi Lithium
China lithium giant's founder hands reins to daughter after major loss
30th April 2024 By: Bloomberg

Jiang Weiping, the founder of major Chinese lithium producer Tianqi Lithium, resigned as chairman after the battery-material producer reported its biggest-ever quarterly loss of more than half a... 


South Africa's Mineral Resources and Energy Minister Gwede Mantashe
BHP woos South Africa in pursuit of $39bn Anglo takeover
2nd May 2024 By: Bloomberg

BHP Group has deployed a team of senior executives to South Africa as the world’s largest miner ramps up efforts to win over government officials, regulators and local shareholders, all of whom... 


Glencore studying an approach for Anglo American, sources say
Glencore studying an approach for Anglo American, sources say
3rd May 2024 By: Reuters

Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company. Glencore has not yet... 


Barrick’s Mark Bristow greets Tanzania Minerals Minister Anthony Mavunde at African training academy, which is augmenting the closing Buzwagi mine’s transformation into a 3 000-job-a-year special economic zone with airport terminal.
Discovery, development are mining’s only true value creation drivers, Barrick highlights
2nd May 2024 By: Martin Creamer

Discovery and development are the only true drivers of value creation in the mining industry, Barrick president and CEO Dr Mark Bristow highlighted on Wednesday, when this standout gold and copper... 


The Woodsmith project, in the UK
BHP’s bid for Anglo casts cloud over $9bn fertiliser mine
29th April 2024 By: Bloomberg

BHP Group’s proposal for a $39-billion takeover of rival Anglo American is all about securing plenty of copper supplies — so now, the potential deal is throwing uncertainty over the future for... 


Anglo will hold its AGM in London on Tuesday
Anglo under pressure to reveal plans to fend off BHP as Elliott hikes stake
30th April 2024 By: Reuters

Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off bidder BHP, as activist investor Elliott further raised the stakes by increasing... 


BHP's Spence copper mine, in Chile
BHP mega bid and $10 000 copper expose mining’s biggest problem
29th April 2024 By: Bloomberg

Copper’s surge to $10 000 a ton just days after the bombshell news that BHP Group is trying to buy Anglo American is highlighting a core disconnect at the heart of the industry: miners just aren’t... 


Stuart Chambers
Anglo to meet top shareholders on BHP bid as takeover rules restrain AGM
2nd May 2024 By: Reuters

Anglo American's chair will meet its top 30 shareholders to hear views on BHP's $39-billion bid for the miner, he told an annual general meeting on Tuesday, where he was restricted from discussing... 


The Collahuasi mine
China could hinder BHP’s bid to become copper’s top producer
29th April 2024 By: Bloomberg

BHP Group’s $39-billion bid to create a global copper giant risks irking its biggest customer China, where authorities have a history of intervening to stymie or water down international mergers.... 


The Bulga complex in Australia
Top Glencore shareholders favour keeping coal over spinoff
30th April 2024 By: Bloomberg

Several of Glencore’s largest shareholders believe that the company should retain its coal assets, according to people familiar with the matter, throwing a proposed spinoff into doubt. Glencore,... 


Greatland eyes full ownership of Havieron amid Newmont's potential divestment
Greatland eyes full ownership of Havieron amid Newmont's potential divestment
3rd May 2024 By: Mariaan Webb

London-listed Greatland Gold is contemplating reclaiming full ownership of the Havieron gold/copper project in Western Australia, should Newmont divest of its 70% stake, says MD Shaun Day. The... 


A graph showing the heat stress and drought riks of various commodities
Critical minerals, food crops at risk of climate disruption by 2050, report shows
30th April 2024 By: Darren Parker

More than 70% of critical minerals needed for the transition to net zero emissions will be at risk from climate disruption by 2050, professional services firm PwC says. The firm's latest report,... 


Mark Bristow
Barrick CEO 'can't see any reason' for in-person AGMs
2nd May 2024 By: Bloomberg

Barrick Gold's CEO says the gold miner will continue to host virtual-only annual general meetings despite calls for public companies to return to an in-person format. After Barrick hosted its... 


Thero Setiloane.
Thungela announces passing of Thero Setiloane
2nd May 2024 By: Martin Creamer

Johannesburg Stock Exchange-listed coal mining company Thungela Resources has announced the passing of Thero Setiloane, who served as an independent nonexecutive director of the company. “His... 


The Greenbushes lithium mine
Greenbushes to operate at full capacity for rest of the year
30th April 2024 By: Mariaan Webb

The Greenbushes lithium mine, in Western Australia, is set to produce at full capacity for the remainder of the calendar year, after the owners of the mine agreed a further spodumene concentrate... 


Anglo's unusual mix of niche commodities — it’s the only large miner with big diamonds and platinum operations, for example — is seen as one of the reasons that the company hasn’t been successfully targeted in the past.
What’s Anglo worth? For now it’s less than the sum of its parts
3rd May 2024 By: Bloomberg

As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and executives at rival producers: What’s Anglo American actually worth? Anglo’s shares... 


Anglo bidder BHP intends maintaining long-standing JSE listing
2nd May 2024 By: Martin Creamer

Diversified mining major BHP, which has made a rejected proposal to combine with Anglo American by way of a scheme of arrangement, confirmed on Thursday that it intended maintaining its... 


Japanese to partner on Kalgoorlie nickel project
29th April 2024 By: Creamer Media Reporter

Japanese multinational companies Sumitomo Metal Mining (SSM) and Mitsubishi have thrown their weight behind the Kalgoorlie nickel project – Goongarrie hub, in Western Australia. ASX-listed Ardea... 


BHP tells investors Anglo bid is 'on strategy', stresses discipline
BHP tells investors Anglo bid is 'on strategy', stresses discipline
29th April 2024 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... 


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.... 


Harmony's Mponeng gold mine.
Booming Harmony ups full-year output and grades; lowers cost and capital guidance
30th April 2024 By: Martin Creamer

Execution and preparatory work on key gold projects are on track in South Africa, and early works on the copper project in Australia are to commence, Harmony Gold reported on Tuesday. In South... 


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... 


Gold nugget
Central banks, record first-quarter over-the-counter purchases support gold demand
30th April 2024 By: Marleny Arnoldi

Continued exchange-traded fund (ETF) outflows drove gold demand, excluding over-the-counter (OTC) purchases, down by 5% year-on-year in the first quarter of this year to 1 102 t. However,... 


Barrick moves to tap into Jamaica’s mineral potential
Barrick moves to tap into Jamaica’s mineral potential
2nd May 2024 By: Creamer Media Reporter

Gold and copper major Barrick is set to venture into Jamaica’s untapped minerals landscape through an earn-in agreement with private exploration company Geophysx. Geophysx has strategically... 


Rick Menell
Rick Menell joins Perseus board as nonexec director
2nd May 2024 By: Creamer Media Reporter

Mining veteran Rick Menell has joined the board of Africa-focused gold producer Perseus Mining as a nonexecutive, independent director. "I am extremely pleased to welcome Rick Menell to the board... 


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