Amplats taps finance director to replace Viljoen as new CEO Finance director Craig Miller will become the new chief executive officer of Anglo American Platinum, effective October 1. Cecilia Jamasmie | July 27, 2023 | 5:40 am
Anglo and Teck underline mining retreat as China dampens profits Anglo reported a more than 40% fall in underlying earnings to $5.1bn, while Teck posted an even sharper drop in Q2 profit of over 50% to C$1.48 billion ($1.1bn). Bloomberg News | July 27, 2023 | 5:08 am
Teck cuts copper guidance on lower output at QB2 QB2 is the first step in Teck’s plan to grow its copper footprint and implies extending the aging deposit’s life by 28 years. Cecilia Jamasmie | July 27, 2023 | 3:57 am
Fortescue sees annual iron ore shipments rising The world's fourth-largest iron ore miner expects to ship between 192 million metric tonnes (Mt) and 197 Mt of the steel-making commodity in the year. Reuters | July 26, 2023 | 5:14 pm
Iron ore price looks set for a tumble as major stimulus hopes fade Chinese consumer confidence has been decimated by years of virus lockdowns and delays on new-build properties. Bloomberg News | July 26, 2023 | 3:52 pm
Alaska asks US Supreme Court to undo EPA Pebble mine veto Alaska said the restrictions violate the state’s sovereign right to regulate its lands and waters. Reuters | July 26, 2023 | 3:10 pm
Congo annuls first gold refinery permit days before inauguration The plant, built by Congo Gold Raffinerie Sarl in the eastern city of Bukavu, has been in the works since 2019. Bloomberg News | July 26, 2023 | 11:35 am
US says it must work with Latin America more on key minerals The Biden administration has begun a push to diversify the US’ sources of important goods and materials and to reduce dependency on China. Bloomberg News | July 26, 2023 | 11:28 am
Pentagon seeks supply of chip mineral gallium after China curbs exports The Pentagon plans to issue a first-time contract to US or Canadian companies by year-end to recover gallium. Bloomberg News | July 26, 2023 | 10:37 am