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Category: International

BHP Appoints Ross McEwan as Chairman Amid Leadership Transition 1 Corporate News International Mining Personality 

BHP Appoints Ross McEwan as Chairman Amid Leadership Transition

Constance
BHP, the world’s largest publicly listed mining company, has appointed former National Australia Bank (NAB) CEO Ross McEwan as its new chairman, succeeding Ken MacKenzie, who will step down on March 31. McEwan, a non-executive director at BHP since April 2024, previously led NAB—Australia’s second-largest bank—and held the top position at the Royal Bank of Scotland. Known for steering NAB through a post-scandal recovery with a simplification strategy, he is widely regarded as a strong leader in corporate governance. In his new role, McEwan will oversee the selection of BHP’s… Read More Here
Ivanhoe Electric Plans $60 Million Public Offering for Arizona Copper Project 2 International Copper Corporate News New Mining Projects 

Ivanhoe Electric Plans $60 Million Public Offering for Arizona Copper Project

Constance
Ivanhoe Electric (NYSE American: IE) (TSX: IE) is set to raise $60 million through a public offering of units priced at $5.85 each. The funds will be allocated toward advancing the company’s Santa Cruz copper project in Casa Grande, Arizona. The offering will issue approximately 10.25 million units, each consisting of one common share and one warrant with an exercise price of $7.00 per share. On Wednesday, the stock traded at $6.09 in New York, reflecting a 3% intraday gain and a market capitalization of $733.6 million. Initially targeting $50… Read More Here
South Africa Halts Rescue Operation for Trapped Illegal Miners Over Safety Concerns 3 International Mining safety 

South Africa Halts Rescue Operation for Trapped Illegal Miners Over Safety Concerns

Constance
South African authorities suspended rescue efforts on Monday for an unspecified number of illegal miners trapped in an abandoned mine shaft west of Johannesburg, citing safety risks. Rescue teams descended 70 meters into the shaft but were forced to halt operations when conditions became too dangerous. “The search and rescue operation has been terminated for now due to the safety of the rescuers,” said Robert Mulaudzi of Johannesburg Emergency Services, adding that such operations are highly complex. The miners became trapped after a pulley system used for entry and exit… Read More Here
Mali’s Gold Production Drops 23% Amid Government-Miner Dispute 4 International Gold 

Mali’s Gold Production Drops 23% Amid Government-Miner Dispute

Constance
Mali’s industrial gold production fell 23% in 2024, dropping to 51 metric tons from 66.5 tons in 2023, according to the country’s mines ministry. This marks the first time in over three years that output has fallen below 60 tons. Mali, one of Africa’s top gold producers, hosts industrial operations run by major international companies, including Barrick Gold, B2Gold Corp, Resolute Mining, and Hummingbird Resources. However, tensions between the government and mining firms have contributed to the decline. A ministry report released on Friday revealed that the production figure excludes… Read More Here
Chile’s Copper Output Rises 4.9% in 2023, Codelco and Escondida Lead Growth 5 Copper International 

Chile’s Copper Output Rises 4.9% in 2023, Codelco and Escondida Lead Growth

Constance
Chile, the world’s largest copper producer, recorded a 4.9% increase in copper output in 2023, reaching 5.5 million metric tonnes, according to data released by the Chilean Copper Commission (Cochilco) on Friday. December production saw notable gains, with state-owned Codelco’s output rising nearly 22% to 172,700 tonnes. Meanwhile, BHP’s Escondida mine, the world’s largest copper operation, reported a 51% surge in December production, reaching 133,600 tonnes. However, not all major producers saw growth. Collahuasi, operated jointly by Glencore and Anglo American, experienced a 32% decline in output, producing 41,200 tonnes… Read More Here
Barrick International Gold New Mining Projects 

Barrick Gold’s Reserves Surge 23%, Boosted by Reko Diq Project

Constance
Barrick Gold Corporation’s proven and probable gold reserves increased by 23% to 17.4 million ounces by the end of 2024, driven by the addition of its Reko Diq copper-gold project, the company announced on Thursday. Following the completion of its feasibility study at Reko Diq, Barrick added 13 million ounces of gold to its probable reserves on an attributable basis. The company holds a 50% stake in the project, while the governments of Pakistan and Balochistan own the remaining share. Barrick considers Reko Diq one of the world’s largest undeveloped… Read More Here
Mali Gold Mine Accident Kills 13, Including Women and Children 6 Gold Artisanal mining International Mining safety 

Mali Gold Mine Accident Kills 13, Including Women and Children

Constance
Thirteen artisanal miners, including women and three children, lost their lives on Wednesday after a tunnel they were working in flooded at an open-pit gold mine near Danga village in Mali’s southwestern Koulikoro region, the National Union of Gold Counters and Refineries (UCROM) confirmed on Saturday. The disaster occurred when sluice gates from a nearby muddy water reservoir collapsed, sending a surge of water into the tunnel where miners, including women and children, were digging for leftover gold particles. UCROM Secretary General Taoule Camara described the situation as dire.“It is… Read More Here
Trafigura Seeks Court Approval to Subpoena Wall Street Banks in Nickel Fraud Case 7 International Battery Metals Corporate News 

Trafigura Seeks Court Approval to Subpoena Wall Street Banks in Nickel Fraud Case

Constance
Trafigura Group is seeking court approval to subpoena major Wall Street banks for information that could help the commodity trading giant trace over half a billion dollars lost in an alleged nickel fraud. The company is still pursuing the funds nearly two years after it was revealed that nearly $600 million worth of nickel, stored in containers, was actually low-value carbon steel. Trafigura is suing businessman Prateek Gupta and his affiliated companies in London for the funds. On Monday, Trafigura filed a request in a New York court to subpoena… Read More Here
Caterpillar shares fall most in 3 months on lower sales outlook 8 International Mining Equipment 

Caterpillar shares fall most in 3 months on lower sales outlook

Constance
Caterpillar Inc. shares fell the most in three months after the heavy equipment maker warned that revenues will be “slightly lower” in 2025 with demand concerns weighing on its outlook. The stock fell as much as 5.1% as of 9:31 a.m. in New York, its biggest intraday decline since the end of October. Caterpillar’s guidance, disclosed with its fourth-quarter earnings report, arrives at a tenuous time for global manufacturers, given the tariff threats by US President Donald Trump that could drive up costs and affect supply chains worldwide. The warning… Read More Here
B2Gold Moves Forward with $10 Million Investment in Mali’s Fekola Gold Complex After Settlement 9 Gold Corporate News International 

B2Gold Moves Forward with $10 Million Investment in Mali’s Fekola Gold Complex After Settlement

Constance
Canadian miner B2Gold has announced plans to invest $10 million in exploration at its Fekola gold complex in Mali this year, following a settlement with the Malian government over its new mining code that reduces the risk of disruption. In August 2023, Mali introduced a revised mining code, similar to those enacted by other military-led governments in West Africa. The new code increases the state’s share of mining revenues and removes tax exemptions for mining companies. B2Gold was one of the first companies to reach an agreement with Mali over… Read More Here

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