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![African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe.](https://cisp.cachefly.net//assets/articles/images/resized/0001154936_resized_armexecutivechairpersondrpatricemotsepe09221022.jpg) |
African Rainbow Minerals wants to maximise the equity it has in Harmony Gold
Published: 06 Sep 24
The global market is going through a very challenging time right now, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe noted on Friday, when the Johannesburg Stock Exchange-listed company reported a 43% fall in headline earnings to R5.1-billion in the 12 months to June 30. “You’ll see from our results that headline earnings, dividends and various other indicators – in line with mining companies all over the world – have come down,” Motsepe outlined, ahead of highlighting the strong performance of Harmony Gold, of which ARM has been an integral part more than two decades.
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WiMBIZ conference highlights opportunities, considerations for women in mining
Published: 06 Sep 24
Nonprofit organisation Women in Mining Business South Africa (WiMBIZ) held a one-day conference on September 5, to explore how women can leverage technology, finance and networking to build sustainable businesses in the mining industry. The conference was held as part of Electra Mining Africa, in Johannesburg.
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![Gold cubes](https://cisp.cachefly.net//assets/articles/images/resized/0001154921_resized_onetaelgoldcubes20102016reuters1022.jpg) |
Metals Focus reports positive contributions from gold miners globally in 2023
Published: 06 Sep 24
Precious metals consultancy Metals Focus finds that combined Scope 1 and 2 greenhouse gas (GHG) emissions from gold mining companies decreased by 5.4% year-on-year in 2023, amounting to 27 249 kilotonnes of CO2 equivalent emissions.
The survey spanned companies such as Agnico Eagle, AngloGold Ashanti, B2Gold, Barrick Gold Corporation, Endeavour Mining, Gold Fields, Harmony Gold, IAMGOLD, Kinross, Newcrest, Newmont, Northern Star, Poluys and Solidcore Resources.
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Nexus raises cash for Wallbrook project
Published: 06 Sep 24
ASX-listed Nexus Minerals on Friday announced a A$4.1-million capital raise to support its Wallbrook project in the Eastern Goldfields of Western Australia.
The company received firm commitments for a placement of 97.3-million new shares at A$0.042 a share.
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Macmahon wins mining contract in Indonesia
Published: 06 Sep 24
Australian mining services group Macmahon Holdings has been selected by PT Citra Palu Minerals (CPM) as the mining services contractor for the Poboya gold project, in Sulawesi, Indonesia.
The scope for Macmahon will include opencut mining activities including drilling, loading, hauling, equipment maintenance and mine site development.
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China lodges WTO complaint over Canada’s EV and metal tariffs
Published: 06 Sep 24
China will take Canada to the World Trade Organization to challenge Ottawa’s decision to impose new tariffs of up to 100% on Chinese-made electric vehicles, steel and aluminum.
The Ministry of Commerce labeled the tariffs as “trade protectionism” that distort global supply chains and urged Canada to withdraw the measures, according to a statement Friday.
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![Citi says US election risk will keep metals contained for now](https://cisp.cachefly.net//assets/articles/images/resized/0001154855_resized_whitehouseusa09241022jpeg.jpeg) |
Citi says US election risk will keep metals contained for now
Published: 06 Sep 24
Uncertainty around the US presidential election in November will prevent meaningful gains for metals by subduing global risk appetite and possibly delaying government stimulus in China, according to Citigroup Inc.
“We think Fed rate cuts, further China policy easing, and an upturn in global manufacturing sentiment will be more constructive for metals pricing in late fourth quarter/early 2025, once the US election is behind us,” analysts including Tom Mulqueen wrote in a note, referring to the Federal Reserve.
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![Platinum ingots](https://cisp.cachefly.net//assets/articles/images/resized/0001154837_resized_bloombergplatinumingotsarearrangedforaphotographattanakakikinzokujewelrykksginzatanakashopintokyojapanm4053211022.jpg) |
SADPMR to conclude Platinum Centenary Commemoration with prestigious event
Published: 06 Sep 24
Government body South African Diamond and Precious Metals Regulator (SADPMR) will host a prestigious event on the sidelines of the Jewellex Africa 2024 conference, in Sandton, on September 8, to conclude the Platinum Centenary Commemoration.
The event will mark 100 years since geologist Hans Merensky first discovered platinum deposits in the Bushveld Complex in South Africa and celebrate South Africa’s role as the world leader in platinum production.
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![Raw copper](https://cisp.cachefly.net//assets/articles/images/resized/0001154834_resized_rawcopperproducedinzambia0424reuters1022.jpeg) |
Galileo mulls splitting Luansobe project into multiple operations
Published: 06 Sep 24
Copper and battery metals development company Galileo Resources has advised that it is considering various options for the development of the massive Luansobe copper project, in Zambia, which remains dependent on various factors, such as permitting, funding and optimisation work.
The company on September 6 announced that external consultants have generated a mining schedule for internal planning; for use in negotiations with third parties offering a range of joint development scenarios; and to facilitate the process of obtaining mining contractors quotes.
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Orion, South32, Perenti and DRA Global receive awards for Africa community development projects
Published: 06 Sep 24
Mining companies South32, Orion Minerals, Perenti and DRA Global have received awards for transforming communities in Africa during the 2024 Australia-Africa Minerals and Energy Group (AAMEG) Africa Awards, held as part of the yearly Africa Down Under conference, in Perth, this week. The mining companies are enhancing the social and economic wellbeing of the communities they serve, AAMEG said.
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