Gold Fields bid exposes Australia’s missing gold champion
GOLD Fields’ A$39bn ($27bn) approach for Northern Star Resources has revived an awkward question for Australia: why a country with its mining pedigree has never produced a gold…
Mining majors chase scale despite failed megadeals
MINING companies are doubling down on mergers, joint ventures and partnerships as soaring project costs and geopolitical pressure make scale increasingly critical, Reuters…
Iron ore majors struggle to replace depleted reserves
THE world’s biggest iron ore producers are depleting reserves faster than they can replace them, Bloomberg reported, citing research by Wood Mackenzie. The trend is pushing up…
BHP’s Udd to take helm at Albemarle
ALBEMARLE has named BHP executive Ragnar Udd as its next CEO, Reuters reported on Thursday. Udd, currently BHP’s chief commercial officer, will take over on February 1, 2027,…
BHP’s commercial chief Udd to depart in January
BHP Group’s chief commercial officer, Rag Udd, is to leave the world’s biggest miner at the end of January, said Bloomberg News citing LinkedIn posts. Udd’s departure marks the…
Glencore holds whip hand in Anglo-Teck copper JV
GLENCORE is emerging as the pivotal, and potentially obstructive, party in Anglo American’s attempt to unlock the full value of its $50bn tie-up with Teck Resources, as talks…
South32 profits surge as reshaped portfolio delivers
South32 cracked it in the year to end-June more than doubling operating profit from continuing operations and declaring a 5.4 US cents final dividend which boosted the total…
Tighter scrutiny won’t derail mining M&A, execs say
REGULATORY scrutiny of major mining mergers is intensifying as governments focus more closely on critical minerals and security of supply amid geopolitical uncertainty, Reuters…
Diamonds to stay in Anglo Teck until anti-trust approval
IT was goodbye. As chair Stuart Chambers opened the interim results presentation recently for Anglo American, which is due to merge with Canada’s Teck Resources, he said: “I have…
BHP doubles down on steelmaking coal as BMA returns rise
BHP has reaffirmed its commitment to its Queensland steelmaking coal business, with CEO Brandon Craig saying some of the commodity’s best years could still lie ahead. “The best…
BHP full-year profit jumps 30% as copper drives record earnings
DIVERSIFIED mining giant BHP reported better-than-expected full-year earnings and its highest annual dividend in four years, Reuters reported, as record copper prices boosted…
BHP, NexGen in uranium talks
Canadian uranium miner NexGen Energy is in regular discussions with BHP about its Rook I project in Saskatchewan as it prepares to raise $1 billion to help fund the development,…
Junior miners find an audience among SA investors despite the risks
IF you think about the number of the JSE’s listed junior miners as a beauty pageant, they’d look more like a turnout from a high school, perhaps, than Miss Universe. Fewer than…
Kumba seals China iron ore deal
Anglo American’s Kumba Iron Ore has agreed a year-long supply deal with China’s state-backed iron ore buyer, China Mineral Resources Group (CMRG), Bloomberg reports. The…
Worst rain in decades dampens Kumba Iron Ore earnings
RAIN and a stronger rand weighed on Kumba Iron Ore in the six months ended June, the Johannesburg-listed miner said in a trading update today. Headline earnings would come in…
BHP warns copper output to fall on lower grades
BHP Group reported record annual iron ore production but warned that copper output will decline in the coming year as ore grades weaken at its major Chilean operations, including…
Anglo knocked as key De Beers bidder pulls interest
ANGLO American’s auction of its storied diamond division De Beers has turned out to be a bit of a dog show, with many of the potential bidders apparently dropping out amid…
Orion awaits Glencore’s $250m Prieska cheque
INVESTORS are still waiting for Glencore’s $250m (R4.5bn) to Orion Minerals to clear, with the miner saying several hurdles remain before funds can flow into South Africa. The…
South32 waiting for IDC to play hand in Mozal sale
SOUTH32 is waiting for firm proposals from minority shareholders in Mozal Aluminium before progressing recently hatched plans to sell the 370,000 ton a year Mozambique smelter.…
BHP’s new CEO faces costs, strikes and M&A questions
BRANDON Craig takes the helm at BHP on July 1 confronting a demanding agenda that spans cost overruns, threatened industrial action, major capital decisions and a shifting…