Tag: Mining

BusinessEngineeringManufacturing

Mpumalanga Gold Project Accelerates Construction, Targets 2026 Commissioning

Construction is accelerating at the TGME gold mine project in Mpumalanga with contractors mobilized and earthworks underway. The project reportedly aims to commission its processing plant by late 2026, creating over 500 jobs and targeting production of 1.24 million ounces of gold over its mine life.

Project Acceleration and Construction Milestones

The development of the TGME gold mine project in South Africa’s Mpumalanga province is reportedly gaining significant momentum, with construction activities accelerating at the carbon-in-leach section and associated retaining walls. According to reports from Sydney-listed Theta Gold Mines, contractors have been fully mobilized and site earthworks are now actively transforming the historic mining site into a modern gold production facility.

by Darren Holt
EconomyPolicyTrade

China’s Iron Ore Price Push May Backfire As Miners Weigh Alliance

China’s campaign to lower iron ore prices may produce the opposite effect as major miners consider merging assets. Analysts suggest a Pilbara alliance could strengthen miner bargaining power against China’s purchasing consortium.

China’s Price Strategy Faces Potential Backfire

China’s efforts to force down iron ore prices could inadvertently keep prices elevated or push them higher, according to financial analysts. The newly formed China Mineral Resources Group (CMRG), which coordinates over 85% of China’s iron ore purchases, has been demanding price reductions and payment in Chinese currency rather than U.S. dollars.

by Natalie Brooks
EnvironmentHealth

Atmospheric Mercury from Gold Mining Taints African Food Supply, Research Reveals

Scientists have discovered mercury from artisanal gold mining enters food crops directly through the air rather than soil. The findings reveal previously underestimated health risks for communities dependent on local agriculture near mining operations across Africa and beyond.

Breakthrough Research Reveals New Contamination Pathway

According to a recent study published in the journal Biogeosciences, mercury pollution from artisanal and small-scale gold mining operations is contaminating food crops primarily through atmospheric uptake rather than soil absorption as previously assumed. The international research team, led by scientists from Queens University and the University of Lagos, documented this troubling phenomenon in a Nigerian farming community located near mining activities.

by Darren Holt
BusinessEconomy

HSBC Bullish on Freeport-McMoRan as Copper Demand Surges

HSBC has upgraded Freeport-McMoRan shares to buy, citing stronger metal price assumptions and supply constraints. Copper prices have surged 23% year-to-date, outpacing broader market gains as demand for the critical AI infrastructure metal grows.

Banking Giant Upgrades Mining Stock

HSBC has reportedly upgraded its rating on Freeport-McMoRan shares from hold to buy, according to recent analyst reports. Sources indicate that analyst Jonathan Brandt simultaneously raised his price target from $43 to $50 per share, suggesting approximately 20% potential upside based on current trading levels.

by Natalie Brooks