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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 …
Gold industry CEOs say M&A will be disciplined - Miningmx
WEB1 day ago · It cited gold industry CEOs saying there was more discipline in the sector. “There were some really stupid deals made last time around,” Ross J. Beaty, chairman of Equinox Gold Corp., said in an interview at the Denver Gold Forum this week. “Companies bought dumb stuff and were penalised for it.”. Beaty told Bloomberg News his company ...
Wafer-thin palladium market soars on ‘confluence of factors’
WEB2 days ago · Investec Securities estimated there was “pent up demand” for vehicles the equivalent of 1.4 million oz in palladium demand, about 16% of annual demand. In terms of units, this was four million vehicles in the US and 7.4 million in Europe. For rhodium this demand was equal to 156,000 oz or 13% of the metal’s annual demand.
Cash flush Harmony never better placed to grow offshore
WEB1 day ago · Operating free cash flow was R12.7bn in the 12 months to end-June, another record. Net cash is R2.8bn as of June 30. What’s more, those numbers were achieved at an average gold price of $1,999/oz. Since July, the dollar gold price has surged from about $2,300/oz to $2,575/oz. While Harmony’s costs are …
Zambia’s mineral reforms pose “unprecedented threat”
WEB2 days ago · PROPOSED ownership reforms in Zambia’s mining sector posed an “unprecedented threat” to investors’ rights, said the country’s Chamber of Mines.. The Chamber was commenting in an article by Bloomberg News on recently announced government plans to establish a state-owned firm. The new firm would control at least 30% of future mines’ production of critical minerals including copper.
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.
Nickel prices jump as Putin calls for commodity export cuts
WEB2 days ago · RUSSIA should consider limiting exports of uranium, titanium and nickel in retaliation for Western Sanctions, said President Vladimir Putin. Citing televised remarks by the Russian leader on Wednesday, Reuters said nickel prices and uranium shares were driven higher. Shares in uranium miners NexGen Energy, Cameco, and Denison Mines increased between 5.2% and 5.4%, the newswire […]
Pan African hits 2024 guidance – but it could have been better
WEBJul 29, 2024 · PAN African Resources produced 186,039 ounces of gold in its 2024 financial year ended June – 6.2% more than in 2023 owing to an much-improved performance at the Barberton Mines complex in Mpumalanga province.. But it could have been better for the £540m South African gold miner. In January Pan African raised the prospect of increasing its 180,000 to 190,000 oz production guidance for the year.
Nickel pain forcing miners to consider production cuts
WEBJan 18, 2024 · BHP is considering options for its nickel operation amid a sharp price correction for the metal last year and warned it could write down the assets. Citing BHP’s production update on Thursday, Bloomberg News said the miner would update the market at its half year results announcement next month. “The nickel industry is undergoing a […]
Implats to cut projects, reposition mines amid “anaemic” outlook
WEBFebruary 29, 2024. IMPALA Platinum (Implats) has unveiled a group-wide restructuring plan in which it may cut as much as 14% of platinum group metal (PGM) production between 2025 and 2027, including previously forecast expansions. This comes amid expectation of “anaemic” market conditions for PGMs which has already resulted in a 32% decline ...