New Exxaro boss Ben Magara commits to battery metals
EXXARO Resources said on Thursday it had appointed the former Lonmin boss Ben Magara as its new CEO, effective April 1.
Magara, currently a non-executive...
Lack of cash for Transnet “a concern” says Minerals Council
THE Minerals Council of South Africa said it was concerned there was no allocation for state-owned rail and ports company Transnet in the country's...
Rio to raise $9bn in US bonds for lithium
The world's biggest iron ore producer Rio Tinto will raise $9bn in US investment-grade bonds as it seeks to fund its recently-closed buyout of...
China’s reliance on Congo copper growing, say traders
CHINA is forecast to import more off-exchange refined copper this year predominantly from the Democratic Republic of Congo where production of the red metal...
The challenges facing Sibanye-Stillwater’s new boss
SIBANYE-Stillwater CEO-designate Richard Stewart told investors last month he has no plans to change the miner’s strategy. Having been with Sibanye-Stillwater for a decade...
Glencore backs cobalt investment firm planning UK listing
GLENCORE is to take a 10% stake in a cobalt investment company that plans to float in London during May, the Financial Times reported...
Menell’s Techmet plans to develop lithium mine in Ukraine
TECHMET, a privately held company run by South African mining entrepreneur, Brian Menell, plans to develop a lithium mine in Ukraine.
Menell told the Financial...
Antimony shortage to worsen as West replenishes munitions
A GLOBAL shortage of antimony – used in munitions – could worsen as the US and Europe replenish stockpiles of bullets and bombs used...
Rio Tinto asked to end “value destructive” structure
LONDON-based hedge fund Palliser Capital published a letter sent to the chair of Rio Tinto in which it asked the group to take further...
Merafe may idle up to two-thirds of ferrochrome production
MERAFE Resources could mothball up to two-thirds of ferrochrome production in terms of a business review which is expected to be completed by May.
Zanele...