Sibanye-Stillwater posts $3.4B write-down
South Africa’s Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has flagged a 47.5 billion rand ($3.4 billion) impairment on last year’s results due to tumbling platinum, palladium and nickel prices. The company…
Anglo American
Billion-dollar Canada Nickel plants would boost Ontario processing for EV supplies
Canada Nickel (TSXV: CNC; US-OTC: CNIKF) says it plans to build two metal processing plants that could cost more than US$1 billion to serve the world’s largest nickel sulphide project it’s…
Alamos Gold fell victim to cyberattack last year – report
Alamos Gold (TSX: AGI; NYSE: AGI) fell victim to a cyberattack last year that saw confidential corporate data get disclosed to the public, according to an exclusive scoop by Toronto-based…
Codelco names mining veteran Braim Chiple as CCO
Chile’s state-owned copper giant Codelco has named Braim Chiple as its new chief commercial officer, the latest among top positions changes in the past year, as the miner grapples with…
Energy metals snapshot: Eight companies hunting for green technology metals
Green metals are critical to new decarbonization technologies including lithium-ion batteries, electric and hybrid vehicles, while rising demand for nuclear energy projects is spurring the increase in uranium prices. Here…
De Beers to spend US$1B on Botswana mine expansion
De Beers, the world’s largest diamond producer by value, said on Wednesday it’s going ahead with a planned US$1 billion investment to extend the life of its flagship Jwaneng mine…
Endeavour fires CEO over US$5.9M payment
Endeavour Mining (TSX: EDV; LSE: EDV) fired CEO Sebastien de Montessus with immediate effect on Thursday. The board accused de Montessus of “serious misconduct” regarding the disposal of an asset…
The biggest global mining news of 2023
The mining world was pulled in all directions in 2023: the collapse of lithium prices, furious M&A activity, a bad year for cobalt and nickel, Chinese critical mineral moves, gold’s…
Plummeting platinum group prices could worsen shortage: report
The price of platinum group metals (PGM) has fallen by 42% this year and could widen a supply deficit if unprofitable mines are sidelined, according to a new report by…
Anglo American’s falling shares fuel takeover rumours
Speculation about Anglo American (LSE: AAL) becoming the target of a takeover by a rival or a private equity firm keeps mounting, as shares in the diversified miner continue to…
Global mining stars due at third annual Saudi green metals conference
Saudi Arabia seeks to funnel more petro-dollars to battery metal projects with an all-star lineup at its third annual Future Minerals Forum in January. Leaders of the world’s largest…
Anglo American shares drop on South Africa challenges, production cut
Shares hit their lowest point since March 2020 after the miner unveiled plans to drastically cut the amount of commodities it mines.