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The revenue of South Africa’s quickly advancing Northern Cape copper mining company Copper 360, the only pure copper play on the Johannesburg Stock Exchange, is forecast by the company to have risen sharply by the end of February next year. The AltX-listed company headed by CEO Jan Nelson, is guiding revenue of R1.2-billion to R1.9-billion at the end of February next year, from the R38.2-million revenue level generated in the 12 months to the end of February this year.  (Also watch attached Creamer... Читать дальше...

Uranium exploration and development company Blue Sky has announced a transaction that could set the path to bring the Ivana uranium deposit, in Argentina, into production. Blue Sky has entered a binding term sheet with Argentinian firm Corredor Americano (COAM) to complete an option agreement in respect to the Ivana deposit.

Codelco attributed a sharp drop in production at its top mine to the lingering effects of a rock collapse last year as the world’s No. 1 copper supplier strives to reverse slumping output. “This situation was foreseen in annual planning and does not affect the committed production budget,” the state-owned company said in a written response to questions about the massive El Teniente mine.

Commodities giant Rio Tinto will increase its interest Boyne Smelters (BSL), which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia, to 73.5%. The company has agreed to acquire Mitsubishi’s 11.65% interest in BSL. This follows the recent agreement to acquire Sumitomo Chemical Company’s 2.46% interest in BSL.

Codelco, the copper giant that’s about to become a major lithium player, delivered some cautious guidance on the timing of a cleaner, faster way to extract the battery metal in northern Chile. A week after signing contracts to take a majority stake in SQM’s sprawling brine operations on the Atacama salt flat, Codelco indicated that direct lithium extraction, or DLE, probably wouldn’t be introduced there for another nine years — and only as a complement to the current evaporation method.

Guinea has signed a non-binding agreement with a subsidiary of Emirates Global Aluminium for the construction of a major alumina refinery, the second one in the country, two senior officials of Guinea's mines ministry told Reuters. The agreement, known as a "Term Sheet", said the company, through its Guinea Alumina Corporation (GAC), will build the two-million metric ton capacity refinery by September 2026 in the west of the country. Initial production is expected at 1.2-million tonnes annually.

Rothschild & Co has formally started to assess candidates to partner with Chile's state-run miner Codelco on a major new lithium project slated to begin production in 2030, according to documents seen by Reuters on Thursday. A four-page "investment highlight" document from Codelco and Rothschild, dated June 2024, and accompanying memo, reveal new details of Codelco's plans for the site, now dubbed "Project Paloma."

Colombia’s trade ministry is calling for a restriction on coal sales to Israel in the latest bid to isolate the Jewish state as the death toll rises in its Gaza campaign. The ministry made the recommendation to “limit” shipments of the fuel to a committee that rules on tariffs and foreign trade, according to an internal document seen by Bloomberg and a person with direct knowledge of the matter.

ASX-listed Aguia Resources has announced a comprehensive work programme for the reopening of the high-grade Santa Barbara gold mine, in Colombia. This update follows Aguia's successful takeover of Andean Mining, the 100% owner of Santa Barbara.

Brazil's government presented on Thursday a counteroffer requesting that miners Vale and BHP and their joint venture Samarco pay 109-billion reais ($20.74-billion) as reparations for a tailings dam collapse in 2015. The proposal is higher than a previous offer from the miners to pay the federal and local governments 72-billion reais to settle reparations for the disaster in the town of Mariana, Minas Gerais state.