MINING
SA's newest platinum projects turn to gold, chrome
- David Mckay
COMMODITIES
Gold goes digital in hunt for younger investors
A survey by the World Gold Council and Boston Consulting Group reveals how digital and tokenised gold are beginning to attract younger investors, potentially unlocking hundreds of billions in latent demand.
MINING
Southern Palladium "vulnerable" to takeover in hungry market
Southern Palladium acknowledges it could become a takeover target following a $1.1bn upgrade in the valuation of its Bengwenyama project as global PGM supply tightens.
MINING
Iron ore market weaker amid record freight rates, says Kumba
Kumba Iron Ore reported a tough third quarter hit by softer global demand, five-year high freight rates to China, and rail disruptions caused by a derailment on the export corridor to Saldanha Bay.
MINING
DRDGold cash flow on the rise as capex burden eases
DRDGOLD recorded R725.8m in free cash inflow for the September quarter, driven by higher gold output and stronger prices that lifted operating profit by 42%.
MINING
Orion Minerals $40m offtake with Glencore gets green light
Development is set to begin at Orion Minerals' Prieska Copper Zinc Mine after the first $40m tranche of its $250m offtake agreement with Glencore became unconditional.
MINING
South32 lifts SA manganese output, cuts costly trucking
South32 increased South African manganese output by 11% in the September quarter, driven by gains at the Wessels mine, even as sales dropped after the group reduced higher-cost trucking.
MINING
TechMet taps Venezuela for US vanadium supply
Critical minerals investor TechMet has begun purchasing Venezuelan refinery by-products to feed its vanadium facilities in Arkansas, capitalising on eased US trade restrictions to shore up strategic defence…
GOLD MINING
AngloGold Ashanti rules out share buy-back binge
AngloGold Ashanti CFO Gillian Doran stresses that share buybacks must remain opportunistic amid high equity valuations, reiterating dividends as the company's primary return mechanism.
GOLD
BlackRock's Hambro lays into "reckless" gold company buy-backs
BlackRock's Evy Hambro has slammed major gold producers for committing billions to share buy-backs without adequate planning, labelling the move reckless capital allocation.
MINING
Kenmare faces two-year low-grade stretch at Nataka
Kenmare Resources prepares for a two-year stretch of lower-grade mining as it shifts production to Nataka, an ore body set to sustain its Moma titanium minerals mine for decades.
MINING
Tech firms in talks over metals supply, says Wanblad
Technology companies building data centres for AI are in active talks with miners to secure direct supplies of critical metals like copper, says Anglo American CEO Duncan Wanblad.
GOLD
Rich families are buying gold and the companies that mine it
Family offices that initially moved into bullion and gold ETFs are now expanding into gold mining equities, seeking a multiplier effect amid broader portfolio diversification.
MINING
Valterra Platinum to explore chrome output with Tharisa
Valterra Platinum is evaluating Tharisa's proprietary processing technology to extract fine chrome from tailings, alongside signing a key long-term PGM concentrate offtake agreement.
MINING
Assore claims ARM "appropriated decisions" in JV
Assore has launched legal action against African Rainbow Minerals, alleging Patrice Motsepe's mining company has hijacked decision-making powers at their joint venture Assmang.
MINING
SA's copper hopeful Orion in need of momentum
As South Africa’s emerging mining sector navigates turbulence, junior producer Orion Minerals is working to piece together its funding puzzle and push ahead with its flagship Prieska project.