Base Metals

Copper 360 says anomaly near former mine could be major discovery

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COPPER 360 said drilling near Tweefontein, a now closed copper mine in the Northern Cape, delivered encouraging results with grades ranging between 2.12% and...

Gecamines seeking to shake up Congo’s joint venture agreements

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THE Democratic Republic of Congo (DRC) is seeking to get more copper production from joint ventures it's involved in as well as secure offtake...

Copper 360 issues R100m in shares to fund Nama Copper deal

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SHARES in Copper 360 rebounded 18% in Johannesburg on Monday after the mineral development company announced it had raised an additional R100m through the...

South32 gives nod to $2.16bn US polymetallic project Hermosa

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SOUTH32 approved a $2.16bn zinc-lead-silver project in the US, as it released first-half results that saw it take a battering from a slump in...

Glencore bows to inevitable by shuttering nickel mine

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THE steep decline in the nickel price has claimed another scalp after Glencore said on Monday it would shutter its 49%-owned Koniambo mine. The announcement...

Vedanta’s Griffith targets $1.3bn rebuild of Konkola Copper

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VEDANTA Base Metal's top priority in Zambia will be to restore the loss-making Konkola Copper Mines (KCM) to profitability and build up production from...

Congo firm to buy cobalt from artisanal miners within three months

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THE Democratic Republic of Congo’s Entreprise Generale du Cobalt (EGC), a company established to buy up metal from the country's artisanal miners, could start...

Ivanhoe signs 250kt/y copper rail deal for Lobito Atlantic corridor

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IVANHOE Mines, which is developing the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC), has agreed to rail up to 250,000 tons...

Barrick brings $2bn Lumwana expansion forward to 2028

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BARRICK Gold said first production from its Lumwana super pit expansion in Zambia had been accelerated with first production now scheduled for 2028. The change...

Sibanye-Stillwater to decide on fate of nickel refinery, Sandouville

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SIBANYE-Stillwater will next month complete a study that will decide the future of its Sandouville nickel refinery open amid a drastic decline in the metal's...