Glencore sees trading profits topping $5bn
GLENCORE expects its marketing division to earn more than $5bn this year, which would put 2026 among the strongest years in the group’s history, Bloomberg reported. In a…
Copper retreats from near-record high as rate fears lift dollar
INDUSTRIAL metals fell on Wednesday as traders weighed the outlook for US interest rates against shifting oil prices, Bloomberg reported. Copper retreated from near-record levels…
Caledonia closes in on funding for $600m Bilboes project
CALEDONIA Mining said it was close to securing further funding for its Bilboes gold project in Zimbabwe, with a $150m interim bank facility due to close as early as October. The…
Former Anglo boss Cutifani joins Northern Star
AUSTRALIA’S Northern Star Resources has appointed former Anglo American CEO Mark Cutifani to its board, Bloomberg reported. Cutifani and mining engineer Peter Rozenauers will…
Report warns of Russian dominance in uranium supply
RUSSIA’S share of global uranium mining capacity could climb above a third by 2040, a level of dominance that risks compromising the energy security of western nations as demand…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
Mining cost inflation eases in July, but energy risks linger
SOUTH African mining input cost inflation slowed in July, but high fuel and other energy-linked costs still weighed on the sector. The Minerals Council South Africa said its…
HCI’s Copelyn dismayed at Waterberg JV’s multiple headwinds
HOSKEN Consolidated Investments (HCI) is grasping for a golden thread of hope in finally advancing its platinum group mining endeavours. The investment group – better known for…
Barrick’s growth plan for non-IPO mines has its risks
BARRICK Mining’s business outside North America offers growth from assets including Lumwana and Kibali, but Reko Diq remains the main source of doubt in the group’s growth plans.…
Metals of war: why US Govt has weaponised mining
Eighteen mining companies went public in the past 12 months with one aim in common: an ambition to supply the US government’s defence industry. Assisted by US President Donald…
Valterra Platinum to pay R15.1bn bumper interim dividend
VALTERRA Platinum followed up a special dividend at its year-end results in February with another handsome payout saying on Wednesday it would dish out 70% of interim earnings,…
Kumba holds guidance despite costs, price pressure
KUMBA Iron Ore left production and cost guidance for the 2026 financial year unchanged despite being buffeted by freight and mining cost escalation in the first half of its year,…
Northam Platinum’s ‘mine without end’ exposes SA’s supply crisis
NORTHAM Platinum CEO Paul Dunne might joke that “there’s no luck in mining”, but fortune has certainly favoured his company in the past few months. For starters, resource…
From gold to gas: reclaiming SA’s resource advantage
OVER the course of the past two decades, South Africa has been in a form of economic drift, at times forgetting its economic roots. The foundations on which this country was…
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…
Mining’s slow burn exposure to Middle East conflict
THE memorandum of understanding (MoU) signed between the US and Iran appears to have brought a relative calm to the Middle East, the occasional conflagration in the Strait of…
Gold to benefit as ‘natural buyers’ re-enter the market
IT was all going so well. Too well, really. Having ended 2025 at $4,339 an ounce, gold went on a tear in January, surging from $5,000 to an intraday record of $5,500 in just…
Gold heads for worst quarterly performance in a decade
GOLD fell below $4,000 per ounce on Tuesday, heading for its worst quarterly performance in over a decade, as expectations of higher US interest rates and fading retail…
West African miner Perseus extends buy-back
SHARES in Perseus Mining surged over 8% on Monday after the West African gold miner approved a A$50m increase in its share buy-back programme. This was after completing A$100m in…
Gold falls to six-month low on multiple headwinds
GOLD dropped to a six-month low on Thursday, pressured by Middle East tensions, rising US interest rate expectations and the looming SpaceX initial public offering, said the…