Mining

    Tharisa’s Zimbabwe platinum unit signs offtake deal with Valterra teaser image

    Tharisa’s Zimbabwe platinum unit signs offtake deal with Valterra

    Tharisa Plc THST.L said on Thursday its Zimbabwe unit has agreed a deal to sell platinum concentrate to Valterra Platinum VALJ.J ahead of first production at the Karo project, expected next year.Tharisa, an integrated platinum group metal (PGM) and chrome producer operating in South Africa, is developing the Karo platinum project in Zimbabwe, where it expects to produce 226,000 ounces of PGMs annually in phase one.The offtake contract has an initial term of five years, Tharisa said in a statement.

    Kitco Mining Channel

    Australian Indigenous group appeals Fortescue mining compensation ruling, seeks $1.3 billion

    Australia’s Yindjibarndi Indigenous group said on Wednesday it had lodged an appeal with the federal court over the amount of compensation awarded against Fortescue FMG.AX for mining on their lands without an agreement since 2012.The Yindjibarndi people brought a claim against the miner and the Western Australian state government for A$1 billion ($718 million) in cultural loss and in excess of A$800 million in economic loss, arguing ​it should be paid a share of the profits from the mine.

    South African miners accelerate shift to renewable power to cut Eskom reliance

    South Africa’s mining firms are accelerating investment in renewable energy as they seek to diversify power sources, cut costs and meet decarbonisation targets, marking a shift after decades of reliance on state utility Eskom.Anglo American AAL.L and Sibanye Stillwater SSWJ.J are among the firms reducing their dependence on a national grid dominated by ageing coal-fired power plants that has struggled in recent years to keep Africa’s most advanced economy running.

    Lynas expands global footprint, eyes new rare earths supply deals

    Australia’s Lynas Rare Earths <LYC.AX> said it planned to grow its global supply chain on Wednesday, with discussions to secure new mine supply from project developers around the world and set up a magnet processing facility in the United States.The comments came after the world’s biggest producer of rare earths outside China reported a sharp rise in annual profit, helped by record average selling prices for rare-earth oxide and strong demand, but missed market expectations. Its shares fell as much as 8%.
    Russia’s Nornickel recommends 6-month dividend of 1.85 roubles a share teaser image

    Russia’s Nornickel recommends 6-month dividend of 1.85 roubles a share

    Russia’s Norilsk Nickel GMKN.MM, the world’s largest palladium producer, said on Wednesday that its board recommended a dividend of 1.85 roubles ($0.0219) a share for the first half of 2026.In a statement, Chief Financial Officer Sergey Malyshev said the company had sufficient free cash flow and a comfortable level of debt to make the payment, adding that it would help maintain the attractiveness of its shares.
    Gold Fields flags Ghana licence risk as half-year profit surges teaser image

    Gold Fields flags Ghana licence risk as half-year profit surges

    Uncertainty over the renewal of Gold Fields’ GFIJ.J mining leases in Ghana is weighing on the company’s valuation, its CEO said on Tuesday, as the South African miner posted an 81% jump in half-year profit, driven by higher gold prices and output.Gold Fields’ Tarkwa mine leases in Ghana expire in April 2027 and the company said it was yet to receive formal responses to its renewal application submitted in November 2025.It said on Tuesday “there remains uncertainty as to the timing, outcome, and terms of any negotiated agreement to renew the Tarkwa leases.”
    Port Hedland unions place wage deal counterproposal to BHP ahead of September 8 talks teaser image

    Port Hedland unions place wage deal counterproposal to BHP ahead of September 8 talks

    The Combined BHP Ports Unions has placed a counterproposal on a wage deal for workers at its Port Hedland operations in Western Australia ahead of their next meeting on September 8, it said on Tuesday, after workers rejected a proposal from BHP BHP.AX.“We continue to make progress towards an agreement that will address key areas raised by our workforce,” a BHP spokesperson said in an emailed statement.
    Sinomine secures additional Zimbabwe lithium export quota teaser image

    Sinomine secures additional Zimbabwe lithium export quota

    Sinomine Resource Group 002738.SZ has secured an export quota for an additional 300,000 metric tons of lithium concentrate from Zimbabwe, the company has said.Zimbabwe, Africa’s top producer of battery metal lithium, introduced export quotas in April after temporarily halting concentrate shipments in February over alleged malpractice and leakages.
    South Africa’s Northam Platinum invites more potential suitors after unsolicited offer teaser image

    South Africa’s Northam Platinum invites more potential suitors after unsolicited offer

    Northam Platinum NPHJ.J said on Tuesday it was inviting potential suitors to a competitive bidding process after receiving an unsolicited offer for a transaction from an unnamed major South African platinum miner.South Africa’s fourth-largest platinum group metal miner said in a statement it had recently been approached for a potential unspecified “asset-level” or “corporate” transaction.Northam said it was inviting proposals on a range of potential transactions, including by the interested PGM producer, to pick the most favourable deal.
    Alcoa begins construction of gallium plant in Western Australia teaser image

    Alcoa begins construction of gallium plant in Western Australia

    Alcoa Corporation (NYSE: AA) has started construction of a new gallium production plant in Western Australia, partnering with governments and industry partners from Australia, Japan and the United States, it said on Monday.The project is located at Alcoa’s Wagerup alumina refinery, in Western Australia.Gallium is mainly recovered as a byproduct of alumina production from bauxite, rather than mined directly.The company said the plant is expected to create up to 200 construction jobs and about 20 permanent roles once operational.
    Tharisa secures 25-year mining lease for Zimbabwe platinum project teaser image

    Tharisa secures 25-year mining lease for Zimbabwe platinum project

    Tharisa Plc THST.L said on Monday it signed a 25-year special mining lease agreement with the government of Zimbabwe for its Karo platinum group metal (PGM) venture, a key step in advancing the project.Tharisa, an integrated PGM and chrome producer operating in South Africa, is developing the Karo project in Zimbabwe. The project is expected to produce 226,000 ounces of PGMs annually in the first phase.First production from the Karo project is now expected in 2027, three years behind the initial schedule, following a sharp decline in PGM prices between 2023 and 2024.
    Rusal derailment in Guinea halts alumina exports, sources say teaser image

    Rusal derailment in Guinea halts alumina exports, sources say

    A train operated by Russian aluminium producer Rusal RUAL.MM derailed in Guinea’s Dubreka prefecture over the weekend, cutting rail access to its Friguia alumina refinery, halting alumina exports and slowing production, three sources told Reuters.The train carrying alumina came off the tracks near Kagbelen on Saturday evening, injuring four people and forcing the suspension of rail traffic, two company officials said.A senior Friguia refinery official said alumina production was continuing at a reduced pace after the accident, but could not quantify the impact.
    Indonesia will build trustworthy commodity exchange, chief supervisor candidate says teaser image

    Indonesia will build trustworthy commodity exchange, chief supervisor candidate says

    Indonesia’s upcoming minerals and strategic commodity exchange would be built with infrastructure that can be trusted, the president’s nominee to regulate commodity trading said on Monday.The commodity bourse is set to start operations on January 1, and is part of an effort by the government to exert more influence over the prices of its commodities, some of which dominate global markets.Resource-rich Indonesia is the world’s biggest exporter of thermal coal, palm oil and nickel. It is also a major supplier of tin, copper, bauxite, and coffee beans.
    MMG confirms restart of operations at Las Bambas copper mine in Peru teaser image

    MMG confirms restart of operations at Las Bambas copper mine in Peru

    Hong Kong-listed MMG 1208.HK confirmed on Monday it had recommenced operations for its mine and process plant at its Las Bambas operations in Peru from August 21.Operations at the Las Bambas copper mine had been temporarily suspended since August 19 after an accident on the previous day killed two workers and injured three others. Peru’s labor watchdog launched an investigation into the incident.(Reporting by Shivangi Lahiri in Bengaluru; Editing by Edmund Klamann)
    Ghana's GoldBod buyers hit by funding delays, sources say teaser image

    Ghana's GoldBod buyers hit by funding delays, sources say

    DAKAR/ACCRA, Aug 24 (Reuters) - Companies licensed to buy gold for Ghana's artisanal ‌gold marketing agency GoldBod have not been paid for up to three weeks, forcing some operators to halt purchases or borrow to stay in business despite surging bullion prices, five industry sources told Reuters.