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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.
Big year for Ivanhoe as prepares to open SA platinum mine
12 hours ago · MARNA Cloete is accustomed to the doubters. When Ivanhoe Mines, of which she is president (“CEO in South African terms,” she explains), was first searching for copper in the Democratic Republic of Congo (DRC) in the 2000s, no lender would come near the company. “Everybody was risk off,” Cloete says in an interview. Today Ivanhoe’s […]
Gold forecast to continue upward drive in 2025 - Miningmx
Jan 3, 2025 · GOLD is expected to average $2,795 per ounce this year continuing the gains of last year, said the Financial Times. Purchases of the metal will be driven by central bank buying and the Donald Trump presidency which is expected to raise US debt levels and weaken the dollar. Inflation is also expected to increase. “Whatever […]
The Mining Yearbook 2024 - Miningmx
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.
News Archives - Miningmx
TRANSNET, South Africa's state-owned ports and rail company, posted an interim R2.2bn loss for the six months ended September, R600m worse than in the...
Hummingbird takeover offer to be declared unconditional
Jan 3, 2025 · THE delisting of Hummingbird Resources moved a step forward on Friday after the gold miner’s main shareholder Nioko waived outstanding conditions on its takeover offer of 2.6777 pence per share in cash.. As a result, the offer will be unconditional once it is made. Offer documents are expected to be issued to shareholders by January 13. Another proposal to convert Hummingbird’s debt to ...
AngloGold open to selling mines if Centamin deal passes muster
Sep 10, 2024 · ANGLOGOLD Ashanti CEO Alberto Calderon said he was open to selling less profitable mines if the firm’s $2.5bn offer for Centamin announced today was approved. “In my view, you cannot shrink into greatness but [this deal] allows you to be focused on tier one assets and have another look at your tier two assets,” he said in response to a question during an analyst and investor conference call.
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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.
First Quantum to sell $1bn in shares in effort to keep afloat
Feb 22, 2024 · FIRST Quantum Minerals is to sell $1bn in shares and raise a further $1.6bn from an offering of notes in an effort to strengthen its balance sheet.. This is following the shock closing of its Cobré Panama mine in December after the Central American government said the terms of the group’s mining licence at Cobré Panama violated certain principles of the constitution.
South32 gives nod to $2.16bn US polymetallic project Hermosa
Feb 15, 2024 · SOUTH32 approved a $2.16bn zinc-lead-silver project in the US, as it released first-half results that saw it take a battering from a slump in nickel prices.. Citing the group’s interim results on Thursday, Bloomberg News said the Taylor deposit at the Hermosa site in Arizona is due to start production in 2027. The project is likely to have an initial operating life of around 28 years and an ...