MiningMX
David McKay

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David McKay

David McKay has written on mining for more than 20 years. He is the editor of Miningmx.

Kenmare’s Moma mine

Kenmare confirms buyout proposal from Abu Dhabi’s IRH

KENMARE Resources confirmed on Tuesday it had received a takeover proposal from International Resources Holdings (IRH), an Abu Dhabi company. “The board of Kenmare Resources…

Ruli Diseko, CEO, Thakadu Group

Thakadu eyes Europe’s EVs as launches ultra-pure nickel

FOUR years after nickel moved into surplus, owing to massive new supply from Indonesia, prospects are beginning to look up. A deficit emerged in the nickel market during the…

Mike Fraser, CEO, Gold Fields

Gold Fields will have to offer more to bag Northern Star

A SUREFIRE means of merger & acquisition (M&A) success is to pay cash — and barrel-loads of it. Easier said than done. Mining shareholders, including those of Gold Fields, want…

Photo by Matt Cardy/Getty Images

How little known germanium became crucial to warfare

The shooting down of a drone over Lithuania by Nato forces last month was construed as a worrying escalation in the Russia-Ukraine war, now in its fourth year. If the incident…

Orion Minerals: Prieska zinc-copper project

Orion Minerals’ cornerstone investor sells 12% stake

ORION Minerals’ anchor shareholder Tembo Capital Management, a UK-based private equity firm, has sold its stake of about 12% in the copper development company. Just under half…

(Photo by Aaron M. Sprecher/Getty Images)

Sibanye-Stillwater sits out capital raise on copper project

SIBANYE-Stillwater gave further evidence of its domestic priorities, opting not to take up shares in Generation Mining, a Canadian firm developing a copper and platinum group…

The Gold Fields logo is displayed on an excavator in a workshop area of the company’s St Ives Gold Mine in Kambalda, Australia, on Wednesday, Aug. 9, 2017. Photographer: Carla Gottgens/Bloomberg via Getty Images

Gold Fields threatens to walk from Aussie tilt

GOLD Fields was prepared to walk away from a bid for Northern Star Resources, saying on Monday its $27bn offer did not “define” the company. “We really don’t feel we need to do…

A ‘Fine Gold” mark on a 500 gram gold bar. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Gold Fields goes hostile in $27bn Northern Star takeover

GOLD Fields confirmed today that Northern Star Resources had rejected its A$38.7bn ($27bn) cash-and-share takeover proposal, but said it intended to press on with its efforts to…

Mike Fraser, CEO, Gold Fields

Why Gold Fields is keen on Australia’s Northern Star

WHY would Gold Fields want to buy Northern Star Resources, Australia’s 1.5 million ounce-a-year gold miner, as reported by Bloomberg News on Saturday? Neither company had…

Cobus Loots, CEO, Pan African Resources

Pan African poised for rerate as growth options abound

A R500m share buyback could be money well spent for Pan African Resources, the JSE-listed gold miner. Most analysts think the company is on the cusp of a rerate following its…

Atomic symbol for Yttrium, a rare earth.

Rainbow Rare Earths paves way for SA mine in offtake deal

RAINBOW Rare Earths said on Thursday it aimed to publish a prefeasibility study (PFS) of its Phalaborwa rare earths project in South Africa in the fourth quarter, following a…

Chris Griffith

Former Gold Fields boss to join hunt for critical minerals

FORMER Gold Fields CEO Chris Griffith, who exited the miner four years ago after a failed mega-merger bid for Canada’s Yamana Gold, has joined a private equity venture aiming to…

Harmony Gold prices $500m bond as growth capex ramps up

HARMONY Gold today announced terms of a $500m convertible bond amid a major increase in capital expenditure during its 2027 financial year. The gold miner has targeted…

Richard Stewart, CEO, Sibanye-Stillwater. REUTERS/Ihsaan Haffejee

Does Sibanye-Stillwater need its US mine? Probably not

THE Stillwater palladium mine in Montana has performed many functions under the ownership of Sibanye-Stillwater, the JSE miner. When the group first bought it in 2017 for $2.2bn,…

Expensive yes, but $300m bond takes Tharisa to next step

UNTIL Northam Platinum unveiled plans last month to grow production by 50%, its smaller counterpart, Tharisa, was something of a rarity in the platinum group metals (PGM)…

Cobus Loots, CEO, Pan African Resources

Pan African plans R500m buy-back after declaring record dividend

PAN African Resources announced plans to buy back up to R500m of its own shares after a surge in cash flow helped it declare a record final dividend for its 2026 financial year.…

Nico Muller, CEO, Impala Platinum

Why Implats has changed its tune on Waterberg

IMPALA Platinum (Implats) earlier this month declared R13.1bn in final dividends, a sum that outshone its rivals. It also revised its payout policy in such a way that the door is…

Seelan Gobalsamy, CEO, Omnia Holdings

Omnia to recommend R21.5bn buyout from India’s Solar

OMNIA Holdings said on Monday it had received a buyout offer from Indian company Solar Industries worth R21.5bn. The offer, which values the South African mining explosives and…

Mintails, west of Johannesburg

Pan African says Mintails expansion to cost R3.68bn

PAN African Resources said it had cut capital expenditure on the expansion of Mintails gold tailings deposits by about R700m following a definitive feasibility study. A final…

Pan African to triple earnings despite testing edges of guidance

PAN African Resources said on Thursday it would report a tripling in full year headline earnings after increasing gold production amid a 54.8% increase in the average gold price.…