News

Miningmx
miningmx.com > trending > 64572-ghana-proceeds-with-12-gold-royalty-despite-us-chinese-outcry

Ghana proceeds with 12% gold royalty despite US, China outcry

5+ hour, 37+ min ago  (264+ words) GHANA will implement a new sliding-scale gold royalty regime on Tuesday despite opposition from the US, China and other Western governments, as well as senior mining executives, said Reuters citing the country's mining regulator. The system replaces a flat 5% royalty…...

Miningmx
miningmx.com > trending > 64502-glencore-backs-kazakh-entrepreneurs-erg-stake-bid

Glencore backs Kazakh entrepreneur’s ERG stake bid

4+ day, 37+ min ago  (334+ words) GLENCORE has proposed an $800m pre-payment arrangement to help finance a little-known Kazakh entrepreneur's $1.4bn bid for a 40% stake in Eurasian Resources Group, the Luxembourg-based miner formerly listed in London as ENRC. According to the Financial Times on Thursday, the Swiss commodities…...

Miningmx
miningmx.com > trending > 64495-australia-joins-g7-minerals-alliance-in-canada-pact

Australia joins G7 minerals alliance in Canada pact

4+ day, 6+ hour ago  (270+ words) AUSTRALIA and Canada have signed a series of agreements on critical minerals as part of "efforts among the West to reduce their dependence on Chinese supply chains. The agreement includes Australia's entry into the G7 minerals security alliance, said Reuters on…...

Miningmx
miningmx.com > top-story > 64482-implats-floats-new-vehicle-for-eastern-limb-platinum-mines

Muller floats new "vehicle" for Eastern Limb platinum mines

4+ day, 12+ hour ago  (538+ words) IMPALA Platinum (Implats) said the improved market for platinum group metals will support extension projects and prompt the company to explore cross-boundary cooperation with rival miners, especially on the Eastern limb of the Bushveld Complex. CEO Nico Muller said elevated…...

Miningmx
miningmx.com > trending > 64461-bhp-warns-queensland-coal-mines-uncompetitive

BHP warns Queensland coal mines uncompetitive

5+ day, 12+ hour ago  (284+ words) BHP has told workers at its Queensland coal operations that the mines can no longer attract investment and are generating no returns for the company, according to an email to workers seen by Bloomberg News. The Australian state is home…...

Miningmx
miningmx.com > trending > 64463-canada-deploys-2-6bn-to-accelerate-critical-minerals

Canada deploys $2.6bn to accelerate critical minerals

5+ day, 12+ hour ago  (204+ words) CANADA will deploy around C$3.5bn ($2.6bn) in investments and programmes to accelerate the development of critical minerals deposits, as the country seeks to position itself as a reliable alternative to China for materials vital to advanced manufacturing and the digital economy,…...

Miningmx
miningmx.com > top-story > 64448-anglo-teck-tipped-for-rerating-as-deal-logic-emerges

Anglo Teck tipped for rerating as deal logic emerges

6+ day, 13+ hour ago  (668+ words) FULL marks for Duncan Wanblad's powers of restraint. In an interview with Miningmx he could not be tempted into sounding a triumphant note notwithstanding the advent of Anglo Teck, the merger of his Anglo American with Canada's Teck Resources. The…...

Miningmx
miningmx.com > top-story > 64444-the-stunning-rebound-of-south-africas-pgm-producers

The stunning rebound of South Africa’s PGM producers

1+ week, 7+ hour ago  (468+ words) EXACTLY two years ago, Northam Platinum CEO Paul Dunne, who is also president of the Minerals Council South Africa, warned that a severe squeeze on the platinum group metals (PGM) sector was resulting in the "worst crisis" he'd seen in…...

Miningmx
miningmx.com > trending > 64366-valterra-platinum-owed-100m-by-zimbabwe

Valterra Platinum owed $100m by Zimbabwe

1+ week, 5+ day ago  (287+ words) SOUTH Africa's Valterra Platinum is owed $100m in unpaid export proceeds by Zimbabwe's government even as Harare has begun making partial payments to clear the arrears, said Reuters on Wednesday. Zimbabwe requires exporters to convert 30% of their foreign currency proceeds into…...

Miningmx
miningmx.com > news > base-metals > 64311-behind-the-boardroom-coup-at-copper-360

Behind the boardroom coup at Copper 360

2+ week, 13+ hour ago  (1409+ words) LATE on Friday about two weeks ago, a bloodless statement popped onto trader's screens, speaking blandly of a reshuffle in "executive responsibilities" at Copper 360, the only JSE-listed pure play mining group focused on the hottest metal in town. CEO Graham…...