Mining News Agency | De Beers, Anglo American and AfriTin make headlines this week

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Lynas Rare Earths’ revenue slumps, misses expectations
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the back of a plunge in prices for rare earths, while it flagged higher costs at a project in Western Australia.
Thursday, April 25, 2024 - 18:51:25
Anglo American confirms non-binding offer from BHP
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Wednesday, April 24, 2024 - 19:13:21
E-haul trucks could result in major savings for miners but adoption is slow
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the replacement of diesel with cheaper electricity, as these vehicles have the most intensive duty cycles of any vehicle in a mine.
Wednesday, April 24, 2024 - 19:07:07
Fortescue iron ore shipments fall short after derailment
Australia’s Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following a derailment of ore cars and weather disruptions that also led to a slight cut in its outlook for annual shipments.
Tuesday, April 23, 2024 - 18:52:44
Iron ore price weakens amid waning China stimulus hopes, high portside stocks
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer China, high portside stocks, and risks of possible government intervention after a price rally last week.
Monday, April 22, 2024 - 22:43:41
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OceanaGold prices $106 mln IPO of Philippine unit
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an initial public offering (IPO) of its Philippine unit, the first listing in the Southeast Asian nation in 2024.
Wednesday, April 24, 2024 - 19:10:37
China copper gauge at zero offers stark warning to metals bulls
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with what buyers in the biggest market are prepared to pay.
Wednesday, April 24, 2024 - 19:09:04
Codelco defends lithium deal ahead of SQM shareholder meeting
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism that the negotiation process has been opaque.
Wednesday, April 24, 2024 - 19:05:57
First Quantum could remove copper from Panama mine after election
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of copper concentrate out of its disputed mine in Panama after the national elections there in May, the company’s chief executive said on Wednesday.
Wednesday, April 24, 2024 - 19:03:07
Five Eyes countries working to fight critical minerals dumping
Canada and its Five Eyes Alliance partners are working on put forward a response to tackle the price manipulation of critical metals, Canada’s Finance Minister Chrystia Freeland said on Tuesday.
Tuesday, April 23, 2024 - 18:55:43
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China’s Zhaojin Mining buyout offer for Tietto Minerals now unconditional
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s Tietto Minerals has become unconditional.
Wednesday, April 24, 2024 - 19:12:01
Gold’s record-setting rally may have its roots in Chinese frenzy
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.
Tuesday, April 23, 2024 - 18:57:08
Gold price tumbles as haven demand wanes amid easing war risks
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
Monday, April 22, 2024 - 22:35:23
Adriatic Metals takes over as operator of Bosnian silver mine
Adriatic Metals is taking over as the operator of the Rupice deposit development, which is part of the company’s Vares silver mine in central Bosnia.
Monday, April 22, 2024 - 22:30:32
Chile indigenous communities suspend dialogue with SQM, Codelco over lithium
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant Codelco and lithium miner SQM over expanding lithium mining in the flat, the groups said in a statement on Monday.
Monday, April 15, 2024 - 23:27:06
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Zimbabwe names new mines minister in mini-reshuffle
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines minister, a post he held before last year’s elections.
Wednesday, April 24, 2024 - 19:15:11
First Quantum Minerals cuts debt by over $1bn in first quarter
Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter.
Tuesday, April 23, 2024 - 18:59:12
Airbus wins reprieve from Canadian sanctions on Russian titanium
Canada has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal in the latest package of measures triggered by the war in Ukraine.
Tuesday, April 23, 2024 - 18:45:55
Berkeley to take uranium mine dispute with Spain to arbitration
Australian mining group Berkeley Energia will take its dispute with Spain to international arbitration after the country refused to give final approval to a uranium mine near the city of Salamanca, the company said on Wednesday.
Thursday, April 11, 2024 - 22:35:06
Trafigura is using late founder as scapegoat on bribes, son says
The family of Trafigura Group’s late founder Claude Dauphin has accused the trading house of using him as a “scapegoat” in its US corruption case, in an unprecedented public rebuke.
Wednesday, April 10, 2024 - 22:27:21
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De Beers, Anglo American and AfriTin make headlines this week

Mining News Pro - De Beers has decided to close the Voorspoed diamond mine in the Free State, Anglo American has drawn a line in the sand for its thermal coal portfolio and emerging tin miner AfriTin is on track to meet its targets. Mining Weekly editor Martin Creamer unpacks the headlines.

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De Beers has decided to close the Voorspoed diamond mine in the Free State, Anglo American has drawn a line in the sand for its thermal coal portfolio and emerging tin miner AfriTin is on track to meet its targets. Mining Weekly editor Martin Creamer unpacks the headlines.

Source: www.miningweekly.com

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https://www.miningnews.ir/En/News/228371

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Lynas Rare Earths’ revenue slumps, misses expectations

Zimbabwe names new mines minister in mini-reshuffle

Anglo American confirms non-binding offer from BHP

China’s Zhaojin Mining buyout offer for Tietto Minerals now unconditional

OceanaGold prices $106 mln IPO of Philippine unit

China copper gauge at zero offers stark warning to metals bulls

E-haul trucks could result in major savings for miners but adoption is slow

Codelco defends lithium deal ahead of SQM shareholder meeting

First Quantum could remove copper from Panama mine after election

First Quantum Minerals cuts debt by over $1bn in first quarter

Iron ore price weakens amid waning China stimulus hopes, high portside stocks

Copper price hones in on $10,000/t as supply angst continues

Adriatic Metals takes over as operator of Bosnian silver mine

AbraSilver gets $15m investment from Kinross, Argentina power provider

Gold price tumbles as haven demand wanes amid easing war risks

Potanin’s Interros calls Rusal claims about Nornickel asset sales ‘unfounded’

Fortescue iron ore shipments fall short after derailment

First Quantum could remove copper from Panama mine after election

First Quantum Minerals cuts debt by over $1bn in first quarter

LME takes aim at traders’ Russian metal games with new rules

Airbus wins reprieve from Canadian sanctions on Russian titanium

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Iron ore price edges higher on hopes of China’s demand recovery

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Africa to play ‘huge role’ in US critical mineral strategy, says Treasury’s No. 2

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