NICKEL
ARM leaves door open to bigger stake in Surge Copper
- Liesl Peyper
VEDANTA
Zambia’s state mining investor targets $7bn valuation
ZAMBIA’S state-controlled mining investor is considering a share sale to boost liquidity and meet local listing requirements, Bloomberg reported. ZCCM Investments CEO Kakenenwa Muyangwa said the company and…
DIVIDEND
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 payout for the year by 55% to 9.3…
DEMOCRATIC REPUBLIC OF CONGO
Congo copper corridor set for $1bn US boost
MOTA-Engil is set to sign a 30-year concession to rehabilitate and operate a key copper and cobalt railway in the Democratic Republic of Congo, according to Bloomberg. The project could receive up to $1bn in…
KAMOA KAKULA
Congo flood puts Zijin’s copper goal at risk
ZIJIN Mining Group said flooding at its Kamoa-Kakula mine in the Democratic Republic of Congo is putting its full-year copper production target under pressure, Bloomberg reported. This has added to global…
NICKEL
US-backed group eyes $500m Tanzania nickel investment
AMERICA’S race to loosen China’s grip on critical minerals is zeroing in on Tanzania, where a US-backed investment vehicle is preparing to put roughly half a billion dollars behind one of Africa’s biggest…
ZAMBIA
Hichilema win set to bolster Zambia’s copper expansion
Zambian President Hakainde Hichilema’s re-election is set to provide policy continuity for investors as Africa’s second-largest copper producer seeks to sharply expand mining output and build on recent…
ARGENTINA
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 years of met coal (steelmaking…
DEBT
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 profits. Underlying attributable…
ELECTRIC VEHICLES
Orion moves ahead of JSE junior copper peers
NORTHERN Cape copper developer Orion Minerals, the FM’s Junior Mining Hot Stocks selection for 2026, has so far been the clear standout among the JSE’s junior copper counters. Its share price is up 26% year…
ONE CHROME
Tailings spill at Samancor’s Dikwena hits Eland Mine
A tailings storage facility incident at Samancor Chrome’s Dikwena operation near Brits sent a large volume of muddy material towards neighbouring Eland Mine’s Maroelabult shaft on Thursday afternoon, August…
PROCUREMENT
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 agreement follows a similar year-long…
RIO TINTO
Australia’s largest aluminium smelter secures power to 2038
Tomago Aluminium has secured electricity supply through 2038 under an agreement with the Australian and New South Wales governments. Power for Australia’s largest aluminium smelter will come entirely from…
COBALT
Glencore joins battle for Cuba-linked cobalt refiner
GLENCORE has entered the contest to recapitalise Sherritt International, pitting the mining giant against a family office with ties to Donald Trump for control of a Canadian company that owns North America’s…
COPPER
Jubilee to sell Zambia copper tailings it bought last year
JUBILEE Metals has received two offers for its Large Waste Project, a copper tailings resource in Zambia it bought only last year for $18m. Leon Coetzer, CEO of Jubilee Metals, said in an announcement on…
SAFETY
Congo probes uranium in cobalt exports
THE Democratic Republic of Congo has opened an investigation into uranium contamination found in cobalt shipments amid mounting pressure over the amount of the radioactive material leaving the country with…