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Markets Staff Writer - October 30, 2024. ABOUT US. Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists. FOLLOW US.
The Mining Yearbook 2024 - Miningmx
The 2023 Mining Yearbook. Read on issuu. Miningmx is proud to present the 22nd edition of The Mining Yearbook in e-zine format. Some of the highlights to look out for in this 2024 edition are: Once at the apex of the mining food chain, diversified miners are now finding they are less preferred as investors jockey for the copper boom.
Paladin shares sink as it cuts uranium output - Miningmx
1 day ago · PALADIN Energy has cut uranium oxide production guidance after running into ramp-up problems at its Langer Heinrich mine in Namibia. The Sydney-listed firm said on Tuesday it now expected to mine one million to 1.5 million pounds (lbs) less of uranium oxide than planned owing to grade variability of stockpiled ore and water shortages at the site.
Bushveld CEO offers glimmer of hope for stricken miner
23 hours ago · November 12, 2024. BUSHVELD Minerals CEO Craig Coltman offered a small glimmer of hope for the stricken miner saying there had been a small “uptick in the vanadium price”. The company is currently living on a day-to-day basis after saying in its third quarter production update that it didn’t have sufficient working capital to address its ...
First graphite delivered from Madagascar’s Molo mine
Oct 25, 2024 · Photographer: Christinne Muschi/Bloomberg via Getty Images. NEXTSOURCE Materials, a Toronto-listed firm, said on Thursday the first commercial graphite concentrate was delivered from its Molo mine in southern Madagascar to clients in Germany and the US. “This is an important step in NextSource’s development as a supplier of critical ...
Harmony increases proposed Eva Copper output 20% - Miningmx
2 days ago · November 11, 2024. Copper cathodes. HARMONY Gold may produce more metal from Eva Copper than first proposed as it nears the conclusion of a feasibility study into the Australian project. Commenting in its first quarter production report on Monday, the South African gold miner said it could produce 50,000 to 60,000 tons of copper from Eva.
The Mining Yearbook 2020 - Miningmx
The Mining Yearbook 2020. The COVID-19 pandemic is accelerating change in the world’s mining sector and adding previously unanticipated dynamics. We speak to the industry’s top CEOs on how 2020 has changed the shape of their industries forever. We ask whether Eskom CEO Andre de Ruyter can make his long-term plans to overhaul Eskom stick?
Markets Archives - Miningmx
Afrimat profits drop by 45% as it digests the latest acquisition... Brendan Ryan - October 24, 2024 0. Diversified mining group Afrimat reported a 45% drop in operating profit to R292,7m in the six months to end-August (previous comparable period – R534.1m)...
Global miners facing 80% haircut in 2023/24 - Miningmx
June 25, 2024. NET profits earned by the world’s 40 biggest miners plunged by 44% in 2023 compared with 2022 and are expected to drop by another 36% in 2024 on a combination of lower commodity prices and above-average inflation, PwC said in its annual Mine 2024 report. It said total revenues of the world’s top 40 mining companies fell by 7% ...
Miners expect year of tumult as recession, risk and consolidation ...
Jan 11, 2023 · Gold producers expect bullion prices to rise this year as investors seek shelter on concerns of a global recession and challenging market conditions. Gold averaged just above $1,800 an ounce last year. “I’d be surprised to see gold at any less than $2,000 per ounce a year from now,” Ammar Al-Joundi, CEO of Agnico Eagle Mines, said in an ...