May 29, 2024

BHP walks away from proposed $49bn takeover of Anglo American

Less than an hour before the 5 p.m. UK cut off, BHP confirmed it had failed to secure Anglo’s board backing and would not proceed with the takeover.

May 28, 2024

Copper price: the squeeze has been squoze 

A deeper copper price correction is likely and a new report makes predictions of $40,000/t seem even sillier than they were a week ago. 

May 28, 2024

Ivanhoe completes Phase 3 concentrator at Kamoa-Kakula ahead of schedule

The first concentrate is expected in early June.

May 28, 2024

BHP and Anglo remain split on South Africa as time runs out

BHP has until 5 p.m. London on Wednesday to commit to an offer.

May 28, 2024

Lucapa recovers 195-carat diamond from Lulo mine

The diamond is the sixth largest and the 44th +100 carat stone to be recovered from the Lulo mine in Angola.

May 28, 2024

Sibanye shareholders back conversion of $500 million of bonds to shares

Sibanye issued the convertible bonds in November last year, partly to fund the $156 million acquisition of a US-based recycling business.

May 28, 2024

Post-Covid, China is back in Africa and doubling down on minerals

Chinese investment in Africa increased 114% last year.

May 27, 2024

South African Shell-BP refinery purchase raises clean-up concern

State-owned Central Energy Fund has agreed to buy the 180,000-barrel-a-day Sapref plant for a symbolic price of one rand.

May 27, 2024

JPMorgan says BHP plan risks $4.3 billion South Africa outflow

Such an outflow, if a deal goes ahead, could weaken the rand.

May 26, 2024

Electric mining vehicle industry’s value to reach $23 billion by 2044 – report

A new IDTechEx report notes that large EV batteries and innovative fast-charging methods are driving the adoption of electric and autonomous mining vehicles.