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OPINION. Columnists David McKay - October 16, 2024. Columnists Bernard Swanepoel - October 10, 2024. Gold Brendan Ryan - September 11, 2024. Markets David McKay - November 1, 2024. Markets David McKay - October 31, 2024. Markets Staff Writer - October 30, 2024.
Paladin shares sink as it cuts uranium output - Miningmx
19 hours ago · PALADIN Energy has cut uranium oxide production guidance after running into ramp-up problems at its Langer Heinrich mine in Namibia. The Sydney-listed firm said on Tuesday it now expected to mine one million to 1.5 million pounds (lbs) less of uranium oxide than planned owing to grade variability of stockpiled ore and water shortages at the site.
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Time to rip up the rule book on runaway gold? ABOUT US. Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists. FOLLOW US.
Harmony increases proposed Eva Copper output 20% - Miningmx
1 day ago · November 11, 2024. Copper cathodes. HARMONY Gold may produce more metal from Eva Copper than first proposed as it nears the conclusion of a feasibility study into the Australian project. Commenting in its first quarter production report on Monday, the South African gold miner said it could produce 50,000 to 60,000 tons of copper from Eva.
Manara may buy $2bn stake in First Quantum’s Zambian mines
Oct 16, 2024 · MANARA Minerals is said to be closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals’ Zambian copper and nickel assets. Citing three people familiar with the details, Reuters said advanced talks were for Manara to buy between 15% and 20% equity in the Zambian mines, worth potentiallly between $1.5bn and $2bn.
First graphite delivered from Madagascar’s Molo mine
Oct 25, 2024 · Photographer: Christinne Muschi/Bloomberg via Getty Images. NEXTSOURCE Materials, a Toronto-listed firm, said on Thursday the first commercial graphite concentrate was delivered from its Molo mine in southern Madagascar to clients in Germany and the US. “This is an important step in NextSource’s development as a supplier of critical ...
Markets Archives - Miningmx
Afrimat profits drop by 45% as it digests the latest acquisition... Brendan Ryan - October 24, 2024 0. Diversified mining group Afrimat reported a 45% drop in operating profit to R292,7m in the six months to end-August (previous comparable period – R534.1m)...
About Us - Miningmx
About Us. Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists. The scope of the news and analysis is around commodity markets ...
Global miners facing 80% haircut in 2023/24 - Miningmx
June 25, 2024. NET profits earned by the world’s 40 biggest miners plunged by 44% in 2023 compared with 2022 and are expected to drop by another 36% in 2024 on a combination of lower commodity prices and above-average inflation, PwC said in its annual Mine 2024 report. It said total revenues of the world’s top 40 mining companies fell by 7% ...
Nickel pain forcing miners to consider production cuts
Jan 18, 2024 · BHP is considering options for its nickel operation amid a sharp price correction for the metal last year and warned it could write down the assets. Citing BHP’s production update on Thursday, Bloomberg News said the miner would update the market at its half year results announcement next month. “The nickel industry is undergoing a […]