MC Mining signs a R20 million loan agreement with major shareholder Dendocept to support operations and ongoing projects, highlighting shareholder confidence and strategic growth.
News
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Fitch Solutions, a leading commodity research firm, predicts an era of stable lithium prices after a period of surging costs. The abundant global supply is expected to keep prices down for at least the next ten years. This stability will likely reshape the lithium industry, potentially leading to consolidation and a focus on cost-saving methods.
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Vedanta is close to regaining control of Zambia’s Konkola copper mine, planning major investments to meet soaring global copper demand.
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South Africa will have a strong presence at Shanghai Platinum Week 2024, focusing on the high demand for platinum group metals in China.
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A $7.1 million grant has been awarded to American Rare Earths for advancing its rare earths project in Wyoming, enhancing U.S. energy sector growth.
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Petra Diamonds is cutting production targets and implementing cost-saving measures in response to a challenging diamond market. The company aims to navigate these tough times with strategic adjustments.
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The Minerals Council CEO emphasizes the need for a one-stop regulatory system to streamline processes, boost growth, and attract investment in South African mining.
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South African gold mining giant AngloGold Ashanti is signaling its renewed focus on Brazil with a substantial investment boost for 2024. The company plans to channel 1.1 billion reais (roughly $198 million) into the country this year, with the majority of these funds earmarked for exploration activities.
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Sibanye Stillwater may shut down its Montana palladium mine due to falling prices and rising costs.
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Theta Gold Mines secures A$4 million to advance TGME gold plant in South Africa, enhancing engineering and construction initiatives.