After successfully closing a $150-million seven-year convertible senior note offering, gold miner Caledonia Mining Corporation says it will start ordering long lead-time equipment for the Bilboes project, in Zimbabwe, in the third quarter of the year. The company will also start a formal project finance process to support the full development of Bilboes towards large-scale and long-life production.
Vale’s base metals unit wants to eventually produce one-million tons of copper by developing existing assets, exceeding an output target for 2035. Major mining firms such as Anglo American and Rio Tinto Group are racing to increase production of the metal through acquisitions. Vale Base Metals is focused on deposits it already owns in Brazil to join the ranks of the world’s largest copper suppliers.
Canadian major Teck Resources has reported 2025 yearly copper production of 453 500 t, in line with previously disclosed guidance, supported by strong operational performance across its portfolio during the fourth quarter. In a production and sales update released on Tuesday, the diversified miner also reported zinc in concentrate production of 565 000 t for the year, at the upper end of its guidance range, while refined zinc production reached 229 900 t, also at the high end of expectations.
In an announcement to Mining Weekly from Brussels on Tuesday January 20, South Africa’s Simon Baloyi, the CEO of Sasol, and South Africa's Craig Miller, the CEO of Valterra Platinum, featured prominently as board members of the Hydrogen Council, which is one of the world’s biggest CEOs-only alliances and which is now strongly emphasising the take-off of its next big delivery phase. In the words of Hydrogen Council co-chair Jaehoon Chang, who is also vice-chair of Hyundai Motor Group, “we stand at... Читать дальше...
Spot gold surged past the psychological milestone of $4 800/oz on Wednesday for the first time, as safe-haven demand kept bullion a favored asset.
Diversified miner Rio Tinto reported robust production results for 2025, highlighted by an 8% year-on-year increase in copper-equivalent output. The strong performance was driven by the company’s copper, bauxite, and lithium operations, complemented by a resurgent Pilbara iron ore system. CEO Simon Trott said the miner’s performance reflected the depth of its operating discipline and project delivery capability across the portfolio, with record production achieved in several commodities despite... Читать дальше...
