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Lure of Anglo's copper mines could test BHP's spending resolve

Published: 20 Dec 24

BHP, the world's biggest miner, would need to offer a minimum 40% premium over Anglo American's share price to make a renewed takeover bid now the rival's value has been boosted by asset sales, two sources close to the matter told Reuters. As diversified miners shift their focus to metals needed for the transition to cleaner energy, copper, with multiple uses from power to construction, has attracted intense interest.

Barminco equipment being used underground

Perenti secures A$185m of new work and a contract extension

Published: 20 Dec 24

Mining services provider Perenti has announced the execution of new contracts and an extension to an existing contract for the company’s subsidiary businesses. These contracts are expected to contribute revenue of about A$185-million. The ASX-listed company’s underground mining business Barminco has started mobilisation at Focus Minerals' Bonnie Vale gold project, in Western Australia.

France's Orano launches arbitration against Niger over mining licence

Published: 20 Dec 24

French nuclear fuels company Orano said on Friday it had started arbitration proceedings against Niger, after Niger withdrew the mining licence of Orano's subsidiary Imouraren. Niger's military-led government has stepped up pressure in recent months on foreign investors. A representative for the government did not immediately respond to a request for comment.

A view of a part of the Marda operations area

Leeuwin to acquire Ramelius' Marda gold opreations

Published: 20 Dec 24

ASX-listed Leeuwin Metals has entered into a binding share sale agreement with fellow ASX-listed Ramelius Resources to acquire the Marda gold operations, in Western Australia, for up to A$2-million in cash and shares. The Marda Operations include the highly prospective Marda gold project, which spans over 500 km² of granted mining, exploration and prospecting leases and hosts eight openpits and numerous historical workings, with significant exploration potential highlighted by multiple high-priority targets requiring immediate follow-up work.

Andrada reports positive third-quarter production results

Published: 20 Dec 24

Aim-listed critical raw materials producer Andrada Mining reported a 15% year-on-year increase in contained tin production to 232 t for the third quarter of the 2025 financial year, ended November 30. The company processed 239 240 t of ore during the quarter, up 5% from the 228 234 t processed in the third quarter of the 2024 financial year. Improvements in plant performance were key contributors to this growth, with a tin recovery rate increasing by 12% year-on-year to 74% and plant use rising to 93%, up from 86% in the same period the year before.

Petra lowers price projections, starts retrenchment process

Published: 20 Dec 24

Amid continued weakness in the global diamond industry, London-listed Petra Diamonds has lowered its price expectations for 2025 and initiated a Section 189 retrenchment process affecting the group and its South African Operations support functions, as it works to save costs and generate additional cash. It has appointed Vivek Gadodia chief restructuring officer to lead this work.

Decarbonisation efforts in mining fall short of science-based targets, research shows

Published: 20 Dec 24

The global mining industry is falling short in its efforts to decarbonise at a rate required to meet science-based targets, according to new research by consultancy dss+. As the industry moves towards 2025, intensified action to reduce emissions is urgently needed, says dss+ principal Gerhard Bolt, who highlights that decarbonisation will be a key focus at the Investing in Africa Mining Indaba 2025, set to take place, in Cape Town, in February.

South32 receives approval for Worsley mine project

Published: 20 Dec 24

Globally diversified mining and metals company South32 has received approval from the Western Australian Minister for Environment for its Worsley mine development project, marking a key milestone in its efforts to secure bauxite resources for the continued operation of Worsley Alumina. The decision follows an extensive environmental review process initiated in 2019.

Network Statement a major step in rail reform – B4SA

Published: 20 Dec 24

Industry organisation Business for South Africa (B4SA) welcomes the release of the Network Statement as an exciting and significant milestone in the journey towards meaningful rail sector reform in South Africa. “The Network Statement represents a pivotal step in unlocking the potential of South Africa’s rail network through third-party access, which is one of several ways identified to bring private sector participation into the system,” says B4SA Transport and Logistics senior executive Ian Bird.

China's coal imports from Australia rise to highest level since April 2020

Published: 20 Dec 24

China's coal imports from Australia rose to their highest in more than four years in November, customs data showed on Friday, as shipments continue to recover from an unofficial ban on Australian coal that was lifted in January 2023. Australian coal imports were 9.3 million metric tons in November, according to the General Administration of Customs, the highest since April 2020 and up 47% from the same month of 2023.