Miningmx

GOLD Fields has approached Northern Star Resources about a potential takeover, said Bloomberg News citing people with knowledge of the matter. A deal with Northern Star would significantly deepen the South African miner’s exposure to Australia’s gold deposits.

Close up of Manganese rock being moved on a conveyor belt TRANSNET is seeking a private partner to help expand and operate a key manganese export corridor in a project that could cost as much as R44bn, Bloomberg reported. The state-owned rail and ports operator on Friday issued a request for qualifications for the Ngqura manganese export corridor, which links mines in the Northern Cape with export ports in the Eastern Cape.

Cobus Loots, CEO, Pan African Resources A R500m share buyback could be money well spent for Pan African Resources, the JSE-listed gold miner. Most analysts think the company is on the cusp of a rerate following its best year yet in 2026. It is debt free and has an abundance of organic, brownfield growth projects. The past three years have been a time of plenty for nearly all gold miners owing to the 123% increase in the metal’s dollar price.

Rubies lie exposed at the bottom of a mine pit at Gemfields Montepuez mine GEMFIELDS expects to report a $73.5m loss for the six months to June after taking a $125.2m impairment against its Montepuez ruby mine in Mozambique, where it recovered fewer high-quality rubies than expected. The company also increased an impairment taken in its 2025 financial year from $35m to $65m after identifying a further $30m adjustment.

GLENCORE expects to start trading on the Australian Securities Exchange (ASX) on October 14 after satisfying the exchange’s substantive listing requirements. The miner and commodity trader said the ASX had approved it for admission as a Foreign Exempt Listing. Glencore’s Australian securities, known as CHESS Depositary Interests (CDIs), will each represent one ordinary Glencore share.

Atomic symbol for Yttrium, a rare earth. RAINBOW Rare Earths said on Thursday it aimed to publish a prefeasbility study of its Phalaborwa rare earths project in South Africa in the fourth quarter following a provisional agreement with the Canadian industrial materials firm Neo Performance Materials (Neo).

NIGER has doubled its stake in the Madaouela uranium project to 40%, Reuters reported. This brings an end to a long-running dispute with Australian explorer Atomic Eagle. Atomic Eagle, formerly GoviEx Uranium, will retain 60% of the project and remain responsible for operations. Niger awarded the company a permit to develop Madaouela, in the Agadez region, in 2016.

Photographer: Matt Jelonek/Bloomberg via Getty Images RIO Tinto plans to expand its metals trading operations, including buying and selling material from third parties and trading derivatives, Bloomberg reported. The move is part of CEO Simon Trott’s push to make the world’s second-biggest miner more agile and extract more value from its operations.

THE US government has selected Glencore to help it build a strategic reserve of critical minerals in a development that deepens the Swiss miner’s relationship with Washington. The US Export-Import Bank (EXIM) has committed $500m to the partnership, under which Glencore will source, buy and deliver critical minerals for VaultCo, a public-private initiative aimed at securing supplies for American industry.

INDUSTRIAL metals fell on Wednesday as traders weighed the outlook for US interest rates against shifting oil prices, Bloomberg reported. Copper retreated from near-record levels after a six-day advance, falling as much as 0.8% on the London Metal Exchange (LME). Several US Federal Reserve policymakers have raised concerns about inflation.