Podcasts about Glencore

L'affaire Glencore met en cause des pots-de-vin estimés à 11 millions de dollars – environ 7 milliards de FCFA – versés à des responsables de la SNH et de la Sonara pour obtenir des cargaisons de pétrole brut à prix préférentiel entre 2011 et 2018. Alors que le procès s'ouvrira devant la justice britannique en juin 2027, les répercussions se font déjà sentir au Cameroun.  Une perte d'attractivité économique et une production de pétrole en repli. L'affaire Glencore, emblématique dossier de corruption, a joué un rôle non négligeable, notamment pour l'image du pays. Selon l'économiste Serge Godong, professeur à l'université de Yaoundé 2, il a aggravé la situation et les problèmes de gouvernance. Il explique : « Il faut inscrire l'affaire Glencore dans la dynamique institutionnelle générale du pays, qui est en recul. C'est une perte de compétitivité, mais surtout une perte de réputation en matière de gouvernance. Le Cameroun apparaît aujourd'hui aux alentours du 28e rang africain des pays attractifs pour les investissements directs étrangers. Ce n'est pas honorable pour un pays qui prétend être la locomotive économique de l'Afrique centrale. » Une enquête camerounaise ? Sur le plan judiciaire, deux ans se sont écoulés depuis que le président Paul Biya a autorisé la SNH à déposer une plainte devant le Tribunal criminel spécial, afin qu'une enquête soit ouverte. Mais depuis, aucune information n'a été communiquée. L'avocat Henri Njoh Manga Bell, président de Transparency International Cameroon, s'interroge : « Des aveux de Glencore, il ressort que de hautes personnalités ont été corrompues. Il est donc possible que certaines d'entre elles soient encore en fonction et qu'elles freinent toute tentative de faire la lumière. On a l'impression que la justice camerounaise attend l'ouverture du procès en Angleterre pour se décider, puisqu'elle n'a en réalité jamais lancé d'enquête ici. » L'ampleur des pertes encore floue Selon les éléments déjà connus, Glencore aurait racheté le pétrole camerounais environ 30% en dessous du prix du marché en échange des pots-de-vin. Les pertes sont donc considérables, mais difficilement chiffrables. « Tant qu'aucune enquête n'a été ouverte à Yaoundé, il sera impossible d'évaluer précisément ce qui a été spolié, précise Alain Nkoyock, universitaire spécialiste de la gouvernance, tous les chiffres avancés aujourd'hui ne sont qu'approximatifs. » Le Cameroun pourrait récupérer cet argent, mais cela demande énormément de temps et de volonté politique, estime Alain Nkoyock : « Il faut un engagement politique fort, sans ambiguïté, pour poursuivre les responsables locaux impliqués. La deuxième chose, c'est une coopération internationale proactive, basée sur la transparence et la pression de la société civile. Le Nigeria a pu le faire justement parce qu'il y avait un autre gouvernement à l'époque qui était au pouvoir et qui l'avait mis vraiment tout son poids pour que cela soit fait. Et enfin, il faut inscrire le recouvrement des avoirs volés au Cameroun dans une stratégie nationale claire avec un bureau spécialisé. » À la fin du mois d'août, l'administration fiscale camerounaise a malgré tout notifié à Glencore une dette de près de 11 000 milliards de FCFA, soit un peu moins de 20 millions de dollars, correspondant à des droits et taxes détournés.

Interview with Dustin Perry, CEO of Kingfisher Metals Our previous interview: https://www.cruxinvestor.com/posts/gold-navigating-the-investment-opportunities-and-understanding-the-risks-5527Recording date: 24th September 2025Kingfisher Metals has positioned itself as a dominant force in British Columbia's Golden Triangle, assembling the largest contiguous land package among junior explorers at 850 square kilometers. Under CEO Dustin Perry's leadership, the company operates in Canada's most prolific copper-gold region, home to the highest-grade gold mine at Brucejack and the world's largest undeveloped gold deposit at KSM.Recent exploration success validates the company's systematic approach. The 2025 program delivered 234 meters grading 1% copper equivalent and identified a new porphyry system at Hank target. Perry describes this discovery as having "all the early stage indications that we're on to a very large deposit." The breakthrough resulted from methodical target generation by a team with proven experience at KSM, Red Chris, and the successful GT Gold project.Strategic advantages differentiate Kingfisher from regional competitors. Properties sit just 12 kilometers from highway infrastructure with favorable topography, lower elevation, and reduced environmental complications. Perry notes the location benefits: "You don't need to find something that good to make it very economical where we are given the location." The company avoids salmon river conflicts that plague other regional projects while maintaining proximity to power infrastructure.Financial backing strengthens the exploration runway through a $11 million financing completed in May 2025. Ashwath Mehra, founding partner of Glencore and former GT Gold executive chairman, leads the advisory board while institutional investors provide patient capital for multi-year programs.The investment thesis centers on statistical probability across extensive prospective terrain surrounded by major operators Teck, Anglo American, and Newmont. Recent $750 million commitments to adjacent Galore Creek and Schaft Creek projects, located further from infrastructure, create acquisition potential for infrastructure-advantaged discoveries. Perry's long-term vision follows the GT Gold model, targeting systematic exploration leading to discovery and ultimate major company acquisition within three years.Learn more: https://www.cruxinvestor.com/companies/kingfisher-metalsSign up for Crux Investor: https://cruxinvestor.com

From the wilds of Idaho, mining analyst Peter Major joins Alec Hogg to unpack the week's big mining stories. With Botswana and Angola eyeing stakes in De Beers, Anglo American suddenly has options it never expected. Glencore is pulling back from the Congo as cobalt prices tumble, while silver edges back into the spotlight — even if South Africa has little of it to mine. Plus, Peter explains why Orion and Core Potash could be the quiet winners for patient investors.

This week: With the global race to secure sustainable critical mineral supply chains intensifying, financing remains one of the sector's toughest hurdles. ING's Tim van Pelt talks with Innovation Forum's Ian Welsh to unpack where the gaps lie in funding critical mineral projects and how companies can navigate the challenges to unlock capital.   Plus: Innovation Forum's Emilia Colman highlights key emerging themes ahead of the Critical Minerals Innovation Forum in London this November from supply chain transparency and ESG pressures to shifting corporate strategies as demand accelerates.   Host: Ian Welsh   Click here for the recording of the recent streamlining standards webinar with ICMM and ZF Group, organised in the lead up to the Critical Minerals Innovation Forum on 5th-6th November. Join Anglo American, ICMM, Glencore, BHP, Vale Base Metals, Airbus, BASF, LG Energy Solutions, Ørsted, Standard Chartered Bank, and many more. Click here for more information on how to register, or contact emilia.colman@innovationforum.co.uk.

Fresh from China, veteran mining analyst Peter Major joins Alec Hogg to unpack what he saw on the ground - from jaw-dropping infrastructure to a mining industry firing on all cylinders. He warns that while gold rockets to record highs, South Africa's own mining sector is shackled by policy failure and a broken cadastral system. Plus, we look at Anglo's global battles, Orion's Glencore breakthrough, and why smart investors should keep an eye on copper.

À 45 ans, Cabral Libii est l'un des candidats les plus jeunes à la présidentielle du 12 octobre au Cameroun. Mais ce n'est pas un néophyte. Il y a sept ans, à la précédente élection, il était arrivé troisième. Et aujourd'hui, pour lutter contre la fraude électorale, il appelle tous les électeurs à surveiller leur bureau de vote le jour du scrutin, comme au Sénégal il y a 18 mois. Que pense-t-il de l'initiative en faveur d'Issa Tchiroma, désigné par certains comme le « candidat consensuel de l'opposition » ? De passage à Paris, le chef du Parti Camerounais pour la Réconciliation nationale (PCRN), répond aux questions de Christophe Boisbouvier. RFI : Si vous êtes élu, quelles seront vos deux priorités ? Cabral Libii : Celle sans doute par laquelle je commencerai, c'est le recouvrement des 11,7 milliards que Glencore, qui a spolié le pétrole camerounais pendant dix ans, a accepté de payer. Le recouvrement est bloqué maintenant par la corruption de quelques agents publics qui empêchent le recouvrement de cet argent dont le peuple a besoin justement pour résoudre les urgences. Et ces urgences, elles sont de quatre ordres. Nous avons déjà annoncé qu'une fois élus, nous donnerions deux milliards de francs CFA à chaque commune du Cameroun pour régler les urgences, les infrastructures notamment routières, en permettant aux communes d'acquérir des engins pour le faire, les urgences hospitalières pour relever le plateau technique des hôpitaux dans les communes, les urgences numériques et scolaires, puis les urgences alimentaires. Face au président sortant Paul Biya et à la machine électorale de son parti RDPC, est-ce que vous ne partez pas battu ? Absolument pas. Cette fameuse machine n'est pas redoutable par son projet, son efficacité et ses résultats. Elle est redoutable par la fraude électorale qui s'est sophistiquée d'année en année. Il y a quelques jours, nous avons rendu publique et c'est encore visible sur notre site internet www.cabral2025.com, nous avons démontré qu'il y a une réserve de deux millions de voix qui a été fabriquée par des manipulations algorithmiques. Des voix fictives ? Des voix fictives par des manipulations numériques. Et pour contrecarrer cela, il y a une seule solution : engager la responsabilité individuelle des électeurs. Ce que le Sénégal nous a donné comme enseignement, c'est que c'est la responsabilité individuelle de l'électeur qui fait tomber de vieux régimes. Il faut que chacun fasse sa part. Faire sa part, c'est être dans le bureau de vote le jour de l'élection, voter et surtout que les uns et les autres se rendent disponibles bénévolement pour surveiller le vote. Parce que si on n'est pas dans les bureaux de vote, ils vont travestir le résultat des urnes. Samedi dernier, l'ancien ministre Issa Tchiroma Bakary a été désigné « candidat consensuel de l'opposition » par un regroupement de partis dénommé Union pour le changement. Qu'est-ce que vous pensez de cette démarche ? Rien du tout. Pour nous, c'est un non-événement. Le mot consensus est un mot français qui signifie accord de volonté. Donc, vous et moi, dans ce studio, on peut faire consensus sur ce que nous voulons, mais encore faut-il que cela ait un impact réel. Ce que moi je sais, c'est que le projet que je porte fait consensus. Voilà le type de consensus que nous avons appelé « la vague orange », que nous avons soulevé au grand meeting de Kribi et qui a déferlé. Vous savez, nous sommes douze candidats. Je fais partie des cadets et l'une des choses que nous entendons constamment, c'est que : « Oui, vous les cadets, vous devez vous aligner derrière les aînés ». Nous leur disons d'accord, que les trois septuagénaires qui viennent juste après le nonagénaire s'entendent déjà, se coalisent déjà entre eux et puis nous aviserons. Ce d'autant que deux de ces septuagénaires sont issus pratiquement du même village, tout au moins du même département, celui de la Bénoué. À écouter aussi[Vos réactions] Présidentielle au Cameroun : quelle image vous renvoie l'opposition ? Vous pensez à Tchiroma et à Bello ? Absolument. Alors justement... Ils n'ont pas que ça en partage. Alors justement, cet appel que vous avez lancé aux trois septuagénaires, c'est-à-dire à Akere Mouna, Bello Bouba et Issa Tchiroma, ça n'a pas du tout plu à Issa Tchiroma, qui y a vu une façon de votre part de vouloir le mettre à la retraite. Il vous appelle à plus de respect, à plus d'humilité... Peut-on faire montre de plus d'humilité que de solliciter des aînés ? Qu'ils s'entendent déjà. C'est du respect. Tout ce que nous leur demandons, c'est que vous avez beaucoup de choses en partage. Certains d'entre eux ont servi le régime pendant 30 ans, d'autres durant 25 ans, puis ils décident à deux mois de l'élection présidentielle de se lancer. Ce n'est pas tout le temps que l'on voit des gens qui ont aussi servilement servi un régime se décider de le faire tomber deux mois avant une élection présidentielle. Et nous leur disons qu'il n'y a pas de soucis. Le peuple vous regarde parfois avec un regard suspicieux parce que ce n'est pas la première fois que vous allez de gauche à droite et que vous justifiez à chaque fois vos allées et venues. L'électeur camerounais, nous lui faisons confiance, est très lucide sur ce point. Mais vous le savez bien que Bello et Tchiroma, leur fief, c'est le nord et que le nord, ça compte un tiers des voix. Vous allez perdre des voix nécessairement, non, par rapport à 2018 où Bello et Tchiroma n'étaient pas candidats ? Écoutez, je sors de ce nord-là. Vous avez vu les milliers et les centaines de milliers de personnes qui sont venues à ma rencontre. Ces personnes-là ne suivent pas un nordiste. Ces gens-là m'ont dit : « Monsieur Libii, vous avez toujours été à nos côtés et à nos yeux, ce n'est pas parce que vous êtes né plus loin au sud que nous ne croyons pas en vous et pour nous, vous incarnez notre espérance et notre espoir ». Moi, je ne suis pas un ancien ministre avec de l'argent gardé ici ou là. Moi, je ne suis pas du vieux système où ils achètent des consciences et des voix, où ils payent des gens pour les réunir. Je suis donc conscient qu'il y a des gens qui sont candidats pour gagner le nord, mais moi, je suis candidat pour gagner l'élection nationale. À lire aussiÉlections au Cameroun: pour battre Paul Biya, «il faudra un raz-de-marée» de l'opposition, martèle Issa Tchiroma Bakary

Motheo Khoaripe speaks to Donald MacKay, Director at XA Global Trade Advisors, about Glencore's upcoming meeting with South African Electricity Minister Kgosientsho Ramokgopa. The meeting, scheduled for Friday, aims to address the challenges facing the country's ferrochrome industry, which is grappling with high energy costs and operational shutdowns. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

En fusionnant leurs activités, les deux géants miniers vont créer le cinquième producteur mondial de cuivre. L'extraction de ce qu'on surnomme le minerai de la transition représentera alors 70% de leur production.  Ces dernières années, les deux miniers avaient dû résister aux assauts de rivaux qui voulaient les avaler. Le Canadien Teck avait déjoué l'offensive du trader suisse Glencore, le britannique Anglo American, repoussé les offres successives de l'Australien BHP. Avec ce mariage, les deux groupes sortent de la catégorie des proies et regagnent des marges de manœuvre. « Ils vont être en mesure d'investir et d'optimiser leurs coûts sur le marché du cuivre où seuls les très gros acteurs tirent leur épingle de jeu », explique Yves Jégourel, professeur titulaire de la chaire Économie des matières premières et transitions durables, au Conservatoire National des Arts et Métiers.  Un marché très volatil Malgré la demande en hausse, le marché du cuivre reste difficile. C'est tout le paradoxe de cette matière première. Si son prix a bien grimpé depuis dix ans, il ne s'envole pas encore, et ce, alors que la teneur en minerai des gisements a tendance à diminuer. « Les cours restent en plus soumis à une forte volatilité », confirme Yves Jégourel. Le marché va par exemple tenir compte du niveau de l'activité chinoise et si cette dernière ralentit, le prix du cuivre risque de baisser. Cela créé de l'incertitude pour les actionnaires et, in fine, freine l'investissement, explique le chercheur en guise d'illustration. Pourtant, les ressources en cuivre vont être de plus en plus exploitées dans les années à venir. Les besoins auront doublé en 2040. Une voiture électrique en contient quatre fois plus qu'une voiture thermique. Le développement des énergies renouvelables aussi réclame du cuivre, tout comme la construction des infrastructures électriques pour lesquelles il n'existe quasiment pas de possibilité de substitution. À lire aussiPar crainte de manquer de cuivre, la Chine relève sa prime à l'achat Des co-actionnaires à convaincre Selon Yves Jégourel, si cette fusion apparaît comme une évidence, c'est principalement parce que Teck Resources et Anglo American possèdent chacun une très importante mine au Chili. Les deux gisements sont distants de seulement une quinzaine de kilomètres : une proximité qui va permettre de créer des synergies et donc réduire les coûts. Notamment de profiter de la production d'Anglo American pour faire tourner l'usine de traitement du minerai de Teck Resources. Les experts soulignent aussi la qualité des autres mines que les deux groupes possèdent. Une fois la création du nouveau groupe Anglo Teck définitivement entérinée, il deviendra le cinquième producteur mondial. Le cuivre représentera 70% de sa production totale.  Mais l'opération n'est qu'aux prémices. Sa finalisation prendra entre 18 et 24 mois. Les deux miniers devront notamment trouver des accords avec leurs co-actionnaires. Au Chili, Teck possède 60% de Quebrada Blanca et Anglo American seulement 44% de Collahuasi, à égalité avec Glencore. Il n'est pas impossible que les deux groupes reçoivent dans l'intervalle une meilleure offre, qui fasse capoter le projet commun. Car dans les affaires encore plus qu'ailleurs, il n'y a pas d'amour, il n'y a que des preuves d'amour. À lire aussiLes nouveaux droits de douane américains sur le cuivre secouent le marché

Dans cet épisode, nous nous intéressons aux raisons de la condamnation tardive du régime d'apartheid sud-africain par la Suisse. L'historienne Sandra Bott est allée aux sources des relations économiques entre les deux Etats pour comprendre comment, au cours de la Guerre froide, la Suisse a maintenu des liens financiers et commerciaux étroits avec Pretoria, malgré sa posture officielle de neutralité. Circuits de l'or, rôle ambigu de la Banque Nationale Suisse, crédits massifs et activités opaques de sociétés comme Glencore témoignent d'une diplomatie économique parfois complice. Aujourd'hui encore, la mémoire de ces relations reste sensible et son héritage pèse encore sur le système financier suisse. Sandra Bott répond aux questions de David Glaser.

Interview with Arturo Préstamo Elizondo, Executive Chairman & CEO of Santacruz Silver Mining Ltd.Our previous interview: https://www.cruxinvestor.com/posts/santacruz-silver-tsxvscz-q1-revenue-hits-70m-as-turnaround-plan-delivers-results-7297Recording date: 11th September 2025Santacruz Silver Mining represents a compelling investment opportunity for investors seeking exposure to a financially disciplined silver producer with strong fundamentals and clear growth catalysts. The company has successfully completed a strategic financial restructuring that positions it as one of the cleanest balance sheet stories in the precious metals sector.The company's financial transformation is remarkable. Santacruz has completely eliminated its acquisition-related debt obligations, paying off the final $15 million of its Glencore asset acquisition ahead of schedule while securing an additional $40 million in savings through an acceleration clause execution. This achievement has resulted in a pristine balance sheet with no streaming agreements, no royalties, and minimal debt beyond a strategically structured $20 million promissory note in Bolivia that carries a negative implied interest rate.Operationally, Santacruz demonstrates impressive resilience and diversification through its portfolio of four producing mines and one ore sourcing company spanning Mexico and Bolivia. The company generates over 7 million ounces of pure silver annually alongside significant zinc credits, with management projecting $90-120 million in annual free cash flow. This operational strength was evidenced when recent flooding at two Bolivian veins was immediately offset by San Lucas trading operations, which sourced replacement ore from third-party miners to maintain full mill capacity utilization.The investment thesis is strengthened by favorable currency dynamics in Bolivia, where 80-85% of operational costs are denominated in Bolivianos. The recent devaluation of the Boliviano creates ongoing cost advantages that directly improve all-in sustained cash costs and enhance profit margins, particularly beneficial in the current rising silver price environment.Santacruz's primary growth catalyst centers on the advanced Soracaya brownfield project, which management characterizes as "advanced organic growth." This asset features existing 43-101 resource reporting and previous development work by Glencore, with full permitting expected within 7-10 months. Once operational, Soracaya will contribute an additional 4 million ounces of annual silver production - representing approximately a 60% increase in output - funded entirely through internal cash generation without equity dilution.The company's resource base offers exceptional longevity and expansion potential. Current reserves and resources provide approximately 12 years of mine life in Bolivia alone, supported by vein systems that allow for both deeper development and strike length extension. Notably, the Porco mine represents the longest continuously producing mine in the Americas with 500 years of non-stop operation, while other assets have maintained production for over 200 years, demonstrating the sustainability of these geological systems.From a valuation perspective, Santacruz appears attractively positioned with an enterprise value approximately six to seven times projected EBITDA of $110-120 million, trading at a discount to many precious metals peers. This valuation gap, combined with the company's strong cash generation capabilities and strategic flexibility for acquisitive growth, presents multiple pathways for value creation.The macro environment further supports the investment case, as silver benefits from dual demand drivers spanning both industrial applications and monetary hedge demand. Industrial consumption continues expanding through renewable energy infrastructure and electronics manufacturing, while supply constraints from primary silver operations create additional price support.For investors seeking exposure to a well-managed silver producer with proven operational capabilities, clean financials, and clear growth visibility, Santacruz Silver offers a compelling risk-adjusted opportunity in the current precious metals landscape.View Santacruz Silver Mining's company mining: https://www.cruxinvestor.com/companies/santacruz-silver-miningSign up for Crux Investor: https://cruxinvestor.com

Au Cameroun, c'est dans un mois, le 12 octobre, que les douze candidats s'affronteront dans les urnes pour briguer la présidence de la République. Onze candidats de l'opposition vont donc défier le président sortant Paul Biya, mais il n'y aura qu'un seul tour. Du coup, le candidat Akere Muna propose à ses partenaires de l'opposition de créer un collectif pour trouver un candidat consensuel. Et il s'adresse plus particulièrement à Maurice Kamto, l'opposant dont la candidature a été rejetée. Pourquoi ce choix ? En ligne de Yaoundé, maître Muna répond aux questions de Christophe Boisbouvier. RFI : Il y a trois semaines, vous avez défrayé la chronique en demandant au Conseil constitutionnel de déclarer Paul Biya inéligible à cause de sa supposée dépendance physique et cognitive. Mais vous avez été débouté. Est-ce que vous n'êtes pas déçu par cet échec ? Akere Muna : Non, pas du tout parce que tous ceux qui pensent qu'à 92 ans et après 42 ans d'exercice, on est, n'est-ce pas, aussi frais que quelqu'un de 49 ans, mais tant pis, je pense qu'on a pu démontrer au monde entier la situation qui prévaut au Cameroun. Tout le monde l'a vu, le président, dans ses sorties. Nous avons fourni des vidéos qui montrent le président à Washington. Il ne sait pas où il est, il ne sait pas ce qu'il doit faire. On doit tout lui dire. Et puis on l'a montré complètement embrouillé devant Mo Ibrahim. Et puis on l'a montré, il y a beaucoup d'incidents. Sa femme qui lui demande de lever la main pour saluer, on lui rappelle ce qu'il faut faire. On a même montré un rapport fait par des experts américains sur ce que l'on doit attendre d'un monsieur de 92 ans. C'est un rapport de douze pages quand même. On est devant le destin de 30 millions de Camerounais. Le Cameroun est dans un gouffre financier et moral, difficile à digérer. Vous êtes originaire du nord-ouest du Cameroun. Vous avez été bâtonnier des avocats du Cameroun. Vous êtes l'une des grandes figures de l'ONG Transparency International. Si vous êtes élu, quelles seront vos deux priorités ? La lutte contre la corruption et la crise du nord-ouest et du sud-ouest. Parlant de la lutte contre la corruption, je vous dis que moi président de la République, dans les cinq jours, je ferai sortir des caisses de Glencore [une société minière, NLDR] 800 milliards. Je ferai payer par Glencore à l'État du Cameroun 800 milliards de francs CFA. C'est le résultant de ventes de pétrole à un prix décoté, le résultant de trafics de toutes sortes, de la corruption reconnue par Glencore lui-même. Et dites-vous bien, personne n'est poursuivi. Donc ça, ce serait votre première priorité ? Oui, la première. La seconde, c'est la crise du nord-ouest et du sud-ouest car je connais les racines de ce problème. Moi, originaire du nord-ouest, je connais le problème. Vous êtes onze candidats face à Paul Biya. Mais il n'y a qu'un seul tour. À un mois du scrutin, est-ce que vous croyez encore à la possibilité d'un candidat consensuel de l'opposition ? Je crois que les onze candidats savent qu'il faut donner l'espoir aux Camerounais. Et sur cette base-là, je pense qu'il y a toujours une solution. Moi, j'y travaille et je pense qu'un candidat consensuel, ça peut être deux ou trois ou quatre, mais je pense qu'au final, il faudra attendre que la campagne officielle commence, donc le 27 septembre, pour voir ce qu'il va se passer. Je pense que l'on peut être optimiste du fait que l'on va trouver des candidats qui pourront… Parce qu'en fait, ces élections, c'est un référendum sur pour Biya ou contre Biya. C'est aussi simple que ça. À lire aussiPrésidentielle au Cameroun: le parti au pouvoir présente «l'armée» de Paul Biya pour la campagne En 2018, le principal challenger de Paul Biya était Maurice Kamto, mais aujourd'hui, il est déclaré inéligible. Quel rôle peut-il jouer dans la recherche d'un candidat consensuel de l'opposition ? Je pense qu'il peut être vraiment la personne qui demande à tous les candidats : « Mettons-nous ensemble et sortons un candidat qui va mener le lot », pour la simple raison que lui, il sera quelqu'un de désintéressé puisqu'il n'est pas candidat. Donc ce rôle-là, il peut le jouer. Il peut proposer une réunion à vous tous, les onze candidats, pour que vous vous mettiez d'accord, c'est ça qu'il pourrait faire ? Oui mais voilà, comme je dis souvent, le problème de ce côté du monde, c'est ce qu'il y a beaucoup de chefs, mais pas assez d'Indiens. Donc peut-être que lors d'une séance comme ça, il faudrait quand même faire un gouvernement, je n'en sais rien, mais je pense qu'il a… Lors d'une séance comme ça, il faudrait quoi dites-vous ? Il faudrait peut-être penser à déjà faire un « shadow government ». Un gouvernement fantôme… Oui. À écouter aussiCameroun: «Après l'échec des hommes, il faut que les femmes prennent le pouvoir» Pour un candidat consensuel de l'opposition, est-ce que vous seriez prêt à renoncer à votre candidature et à vous rallier à un autre candidat ? Mais cette question trouve sa réponse en 2018. Je l'ai déjà fait. Pour Maurice Kamto… Ça c'est vrai, je l'ai déjà fait. Avec une seule différence que maintenant, je fais dans le cadre d'un collectif. On est tous ensemble, voilà la direction qu'on va prendre. Et dans ce cadre-là, je pense que c'est plus facile de le faire. Et pour quel candidat vous pourriez vous désister ? Mais je vous dis que ça sortirait d'un collectif, donc je ne peux pas maintenant commencer à dire tel ou tel autre. Mais pour l'instant, ce collectif, on ne le voit pas… Peut-être qu'on ne le voit pas. Mais le fait que vous n'entendez pas la radio ne veut pas dire qu'elle n'émet pas. Il y a des signes annonciateurs d'un tel collectif ou pas ? Moi j'en vois. Et le secret pour l'efficacité de cette stratégie, c'est la discrétion. Vous conviendrez avec moi. Donc pour l'instant, vous ne pouvez pas en parler sur l'antenne ? Voilà. À lire aussiCameroun: l'opposition partagée sur la désignation d'un candidat consensuel à la présidentielle

Anglo and Teck join forces to form a copper giant, creating Anglo Teck plc as a formidable defence against BHP and Glencore.

In today's BizNews Briefing, tributes continue to pour in for Neil de Beer, while intrigue between Pretoria and Washington deepens with allegations of influence campaigns involving South Africans abroad. We cover the bizarre battle over the body of Zambia's late president, weigh gold's record-breaking rally against diamonds dragging Botswana's economy, and unpack Shoprite's robust results alongside Glencore's ferrochrome retreat. Plus, all eyes turn to Eden Park as the Springboks prepare for their biggest clash since the Rugby World Cup final.

Die DA veroordeel president Cyril Ramaphosa se lof vir Zimbabwe se grondherstelprogram. Staatspensioene dalk in gedrang nadat sowat R2-miljard aan twyfelagtige kontrakte bestee is. Duisende mynwerkers by Glencore en Samancor kan hulle werk verloor.

The National Union of Mineworkers is calling on Glencore and Samancor to stop looming job cuts and negotiate constructively. This follows Glencore's confirmation that it has triggered a Section 189 retrenchment process under the Labour Relations Act, effective from September 1st. The move impacts Boshoek and Wonderkop Smelters in Rustenburg, Rhovan Vanadium near Bethanie and the Carbon Division in Emalahleni. NUM has slammed the retrenchment plans as premature, disingenuous and deeply concerning for workers. Elvis Presslin spoke to Lefty Mashego, Num's Chief Negotiator

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQB: SCZMF), joins me to recap the key record Q2 2025 financial results along with a comprehensive review of all operations.  Santacruz Silver operates 1 mine in Mexico, and 5 mines, 3 mills, and an ore feed-sourcing and metals trading business in Bolivia, as an emerging mid-tier silver and base metals producer.     Q2  2025 Highlights   Revenues of $73.3 million, a 4% increase year-over-year. Gross Profit of $25.3 million, a 59% increase year-over-year. Net Income of $21.0 million, a 1,348% increase year-over-year. Adjusted EBITDA of $26.8 million, a 68% increase year-over-year. Cash and short- and long-term investments of $57.8 million, a 691% increase year-over-year. Working Capital of $60.3 million, a 303% increase year-over-year. Cash cost per silver equivalent ounce sold ($/oz) of $19.48, a 10% decrease year-over-year. AISC per silver equivalent ounce sold of $22.95, a 8% decrease year-over-year. Silver Equivalent Ounces produced of 3,547,054, a 15% decrease year-over-year1.     Q2 2025 Production Highlights: Silver Equivalent Production: 3,547,054 silver equivalent ounces Silver Production: 1,423,081 ounces Zinc Production: 21,148 tonnes Lead Production: 2,773 tonnes Copper Production: 229 tonnes   Arturo discussed the very strong revenues, gross profit, net income, adjusted EBITDA, cash and cash equivalents,  and working capital all up substantially in year-over-year metrics. In addition their cash costs and All-In Sustaining Costs (AISC) numbers came down in a meaningful way due to a combination of factors from mine optimization work paying off, to favorable currency exchange rates, and the positive impact of paying down the Glencore loan early, which will save the Company US$40 million. The Company plans to successfully complete the final 2 payments to Glencore by October 31, 2025, and will likely pay off both installments in the month of September.  The company also announced a sale of 70 million Bolivian Bolivianos Promissory Note at 7.00% interest rate, a maturity date of June 15, 2026, just to give them treasury efficiencies for working capital in country.   Switching over to the operations for the quarter, there was better revenues from their San Lucas ore-feeding business, which is now absorbing the Reserva Mine ore to then blend it with ore from the small-scale miners.   This leaves the ore from both the Tres Amigos and Colquechaquita mines to report to Caballo Blanco, making all operations much more efficient with better metals recoveries.   The San Lucas production and revenues largely offset the lagging effects in the quarter from the water issues at Bolivar, which have now been mostly resolved, and those high-grade veins will be a bigger contributor to production again for H2 of 2025.   Transitioning over to Mexico, we discussed the higher-grade 960 Level at the Zimapan Mine starting to contribute, and how this will continue growing in the Q3 and Q4 production profile from Zimapan for the balance of this year and for many years into the future.   Arturo also highlighted that with the strength of the balance sheet, the coming elimination of the Glencore debt, and robust incoming revenues, that the Company is now currently ramping up more exploration and development work at their Soracaya Project, to put it on the pathway to primary silver production about a year and a half out. An internal study was completed by Glencore with an estimated capex of ~US$40MM for construction of a processing plant and tailings facility. Mine plan envisions a 7 year mine life with average annual payable production of ~4.5MM oz AgEq (based on consensus prices). Development is subject to permitting.     If you have any follow up questions for Arturo regarding Santacruz Silver, then please email them to me Shad@kereport.com.   In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Santacruz Silver

Arturo Prestamo, Executive Chairman and CEO of Santacruz Silver Mining joined Steve Darling from Proactive to share the company's results for the quarter ended June 30, 2025. The second quarter highlighted Santacruz's operational resilience, as strong contributions from its diversified portfolio of mines offset temporary production challenges at the Bolívar operation. The company reported steady throughput growth and increased concentrate production at Caballo Blanco and San Lucas, alongside stable performance at Porco and Zimapán. However, overall silver-equivalent output was temporarily impacted by a mid-May water inflow at Bolívar, which restricted access to higher-grade zones and reduced both mined volumes and grades. Prestamo explained that the impact was partially mitigated by San Lucas' strategic contribution, which increased material supply and sustained mill utilization. Additionally, throughput gains across other operations further supported Santacruz's ability to maintain continuity and minimize the impact on consolidated results. For the six months ended June 30, 2025, the company processed 952,637 tonnes of ore, producing a total of 7,235,184 silver-equivalent ounces, including 3,013,144 ounces of silver and 41,868 tonnes of zinc. Financially, Santacruz delivered solid revenue growth and a significant improvement in profitability, with both net income and adjusted EBITDA showing strong year-over-year gains. The company also strengthened its balance sheet, ending the quarter with nearly $58 million in liquidity, comprised of $40 million in cash and $17.8 million in investments. Importantly, this position was achieved while making a $7.5 million acceleration payment to Glencore, underscoring management's commitment to disciplined financial management. Prestamo also highlighted that the company achieved a 303% increase in working capital during the quarter, alongside notable reductions in operating costs compared to the prior year. These results demonstrate the effectiveness of Santacruz's diversified asset base, flexible ore-sourcing model, and cost-control initiatives in sustaining growth, even amid temporary operational challenges. Looking ahead, Prestamo emphasized that Santacruz remains focused on further strengthening its operations and balance sheet, while continuing to advance its long-term strategy of growth and value creation in the silver and base metals sector. #proactiveinvestors #santacruzsilverminingltd #tsxv #scz #mining #SantacruzSilver #Q22025 #MiningStocks #PreciousMetals #BoliviaMining #ArturoPréstamo #SilverEquivalents #MiningInvesting #JuniorMiners #ProactiveInvestors

- Jaguar's New Strategy Has Dealers Bailing - Leapmotor Posts 1st Profit - XPeng and Xiaomi Expect 2nd Half Profit - Tesla Brings Back Turn Signal Stalk - Tesla Launches Long Wheelbase Model Y - AUDI E5 Sportback Shows New Design Language - NIO Batteries Retailing for $150/kWh - Uber to Add 10K Self-Driving ID. BUZZs - BMW's New EV Motor 40% More Efficient - Tesla, Chinese Top Digital Leader Board - Bankrupt Li-Cycle Gets Bought Up

En el capítulo 925 de este martes, 19 de agosto, Francisco Aldaya te comenta la licitación del Tesoro de ayer, el resultado fiscal de julio y la nueva inversión multimillonaria del RIGI para la minería argentina. Además, Belén Escobar con lo último sobre el dólar en el #DatoEconómico de la semana, hoy con Pablo Repetto, jefe de research en Aurum Valores.Patrocinado Conoce más del Council of the Americas: https:as-coa.org

Esto es El Brieff, tu resumen conciso de las noticias clave. En México, la controversia por el viaje de AMLO Beltrán a Japón y la postura de Sheinbaum marcan la semana, junto a nuevas inversiones de Blackstone y el impulso a la IA con AWS. EE. UU. sanciona al Cártel del Noreste, incluyendo a "El Makabelico". Trump genera revuelo con aranceles a India y chips, además de planes de reunirse con Putin y Zelensky. China usa IA para influir en Hong Kong y Taiwán. Uber enfrenta denuncias de agresión sexual, mientras Apple anuncia una gran inversión. Bayer recorta empleos, Glencore se queda en Londres, y Disney y NFL cierran un acuerdo millonario. Italia aprueba el ambicioso puente a Sicilia. Recibe gratis nuestro newsletter con las noticias más importantes del día.Si te interesa una mención en El Brieff, escríbenos a arturo@brieffy.com Hosted on Acast. See acast.com/privacy for more information.

APAC stocks traded somewhat mixed following the subdued handover from Wall St post-ISM services.European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with gains of 0.1%.DXY is flat, EUR/USD remains on a 1.15 handle and capped by its 200DMA, and antipodeans marginally lead.RBI kept the Repurchase Rate unchanged at 5.50%, as expected, and maintained a neutral stance.Looking ahead, highlights include German Industrial Orders (Jun), EZ Construction PMIs (Jul), EZ Retail Sales (Jun), Italian Industrial Output, Fed's Collins, Cook and Daly, Supply from Germany & US.Earnings from Airbnb, Lyft, Uber, Shopify, Walt Disney, McDonald's, Novo Nordisk, Siemens Energy, Commerzbank, Bayer, Fresenius, Beiersdorf, ABN AMRO & Glencore.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Werden in der Stadt Luzern neue Wohnungen gebaut, sollen vermehrt bestehende Gebäude erweitert statt abgerissen und durch Neubauten ersetzt werden. Der Stadtrat legt einen Bericht zur Reduktion von grauer Energie vor - und beantragt rund 2,5 Millionen Franken für eine neue Fachstelle. Weiter in der Sendung: · Das Urner Musikfestival Alpentöne hat einen neuen Leiter - Benno Muheim löst Pius Knüsel ab. · Der Zuger Rohstoffhändler Glencore schreibt im ersten Halbjahr einen Verlust - unter anderem sanken die Preise für Kohle.

In this Mining NOW episode, host Roy Slack sits down with Scott Martin (Glencore Technology) and Chris Marion (Hudbay Minerals) to explore how collaborative innovation is transforming copper processing. Hudbay's Copper World project is ditching traditional smelting for Glencore's Albion Process, a game-changer that eliminates overseas shipping, slashes carbon emissions, and keeps production local. Discover how this ESG-friendly solution is setting a new standard for sustainable mining.

 Interview with Trent Mell, CEO of Electra Battery Materials Corp.Our previous interview: https://www.cruxinvestor.com/posts/electra-battery-materials-tsxvelbm-ready-to-complete-build-4676Recording date: 22nd July 2025Electra Battery Metals is positioning itself at the forefront of North America's critical mineral security strategy by developing the continent's first cobalt refinery specifically targeting the battery market. The Canadian company's hydrometallurgical facility, located north of Toronto, represents a strategic solution to Western dependence on Chinese mineral processing capabilities.The company's business model centers on a stable tolling arrangement rather than commodity speculation. Through a five-year contract with LG Energy Solution, Electra will process cobalt hydroxide sourced from the Democratic Republic of Congo via partnerships with major mining companies Glencore and ERG. This material, which would otherwise flow to Chinese refineries, will be redirected and processed into battery-grade cobalt sulfate in North America."We've locked in a five-year supply contract with LG on a tolling basis, which provides us the margin that ensures we never go out of business," explained CEO Trent Mell. The arrangement targets approximately $30 million USD in annual EBITDA once the facility reaches full capacity of 6,500 tons, equivalent to supplying roughly one million electric vehicles annually.The project has attracted significant cross-border government support, with $20 million from the U.S. Department of Defense through the Defense Production Act and $20 million CAD from the Canadian government. This backing reflects the strategic importance of onshoring critical mineral supply chains amid growing national security concerns.Beyond the core refinery business, Electra is developing battery recycling capabilities through a joint venture with indigenous partner Aki, targeting black mass processing from battery manufacturers. The company's approach prioritizes predictable cash flows over market volatility, positioning it as a utility-like investment rather than a traditional volatile mining stock.With zero cobalt production currently existing in North America for batteries, Electra's first-mover advantage addresses a critical supply chain gap while supporting both civilian EV adoption and defense applications.View Electra Battery Metals' company proflle: https://www.cruxinvestor.com/companies/electra-battery-metalsSign up for Crux Investor: https://cruxinvestor.com 

Mount Isa Mayor, Peta McRae joined Gary Hardgrave to discuss how Glencore is possibly stopping copper operations in her region, costing thousands of jobs. See omnystudio.com/listener for privacy information.

In this episode, we chat to Grant Sboros, CEO of Euro Sun Mining, a publicly listed development-stage mining company focused on unlocking value through the responsible development of the Rovina Valley Project, one of Europe's largest gold-copper projects. Grant is a chartered accountant by background has extensive mining experience in Africa in both operations and finance. Working for the likes of Deloitte and Glencore, he has been at the helm of Euro Sun since 2022 and talks to us about the company, the challenges facing companies going from exploration to development, mining in the EU, and their outlook and financing in the industry. KEY TAKEAWAYS The Rovina Valley project is one of Europe's largest gold-copper deposits, with a significant resource of 10.4 million ounces of gold equivalent.  Euro Sun Mining has secured a $200 million financing deal with Trafigura, which is crucial for the project's construction phase. This financing is structured to minimise shareholder dilution The new Romanian government appears to be pro-mining, which could facilitate the permitting process for the Rovina Valley project.  Over the next 6 to 12 months, Euro Sun Mining aims to finalise financing agreements, push for legislative progress, and submit the environmental impact assessment.  BEST MOMENTS "It is the second largest deposit of gold in Europe. It's a world-class asset, and we need to get it into production."  "The money that we've raised is critical for the business needs, and the majority of the funds are earmarked to get into construction."  "Once you've got the strategic status, it will somewhat undo the arduous processes of complicated permitting."  "The CRMA provides that framework for us to make sure that we can get there, and there are time limits imposed to ensure things get done." VALUABLE RESOURCES Mail:        rob@mining-international.org LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/ X:              https://twitter.com/MiningRobTyson YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast  Web:        http://www.mining-international.org GUEST SOCIALS  https://www.eurosunmining.com/ https://www.facebook.com/EuroSunMining/ https://www.linkedin.com/company/euro-sun-mining/ https://www.youtube.com/watch?v=tLxIKFlOULs https://x.com/EuroSunMining CONTACT METHOD rob@mining-international.org https://www.linkedin.com/in/rob-tyson-3a26a68/ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.  This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/

Aktien hören ist gut. Aktien kaufen ist besser. Bei unserem Partner Scalable Capital geht's unbegrenzt per Trading-Flatrate oder regelmäßig per Sparplan. Alle weiteren Infos gibt's hier: scalable.capital/oaws. Aktien + Whatsapp = Hier anmelden. Lieber als Newsletter? Geht auch. Das Buch zum Podcast? Jetzt lesen. Trump verhängt 30% Zoll für EU & Mexiko. Bitcoin feiert trotzdem Rekordhoch. Kratos, Red Cat + AeroVironment fliegen durch die Decke. Glencore macht Kupfer-Trade des Jahres, KI-Entwickler bleiben reich, BASF leidet und JPMorgan will Geld von PayPal, Affirm & Block. Vergesst KI, Quantencomputer oder Robotaxis. Dosenbier ist der heiße Scheiß. Ardagh (WKN: A3CV86) verdient mit. JPMorgan (WKN: 850628) ist nicht nur die wertvollste Bank der Welt. Sondern vielleicht auch einer der größten KI-Profiteure. Diesen Podcast vom 14.07.2025, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung.

Het rommelt achter de schermen bij de Amerikaanse centrale bank. Er is onenigheid over het rentebeleid. De centrale bankiers zijn het eens: er komt een verlaging. Maar de een vindt dat het deze maand moet, de ander in september, en een deel zelfs pas volgend jaar.Ondertussen blijft president Trump druk uitoefenen op de Fed-baas, Jerome Powell. De rente moet omlaag, vindt Trump. En hij geeft Powell naast 'idioot' en 'traag' nu ook een nieuwe bijnaam. Over die bijnaam hebben we het deze aflevering niet, wél wat deze onduidelijkheid en onzekerheid betekent voor de beurs. En dus voor jouw aandelen. Hebben we het ook over TSMC. De chipmaker doet het beter dan verwacht en zegt (nog steeds) te profiteren van de vraag naar AI-chips. Er is weer sprake van chup-euforie, want gister ging chipbedrijf Nvidia door de magische grens van 4000 miljard dollar. Wij kijken wat dit alles betekent voor de cijfers van ASML. Gaan zij dan volgende week ook stunten?Over ASML gesproken. We hebben het ook over een oud-werknemers die geheimen heeft gestolen bij de chipmachinemaker uit Veldhoven. Spoiler: het loopt niet zo goed voor hem af.Ook deze aflevering: Beleggers lachen om Trumps koper-tarieven. OpenAI opent de aanval op Google. Alweer. De grootste suikerproducten van Europa zit in de problemen. Zorgt de Nederlandse pensioensector voor een schokgolf? Boze aandeelhouders Tesla dwingen vergadering af. Hittegolf Europa laat het BBP van landen wegsmelten... See omnystudio.com/listener for privacy information.

Shawn Howarth, President and CEO of Excellon Resources (TSXV:EXN) (OTC:EXNRF)(FRA:E4X2), joins me to overview their 4 precious metals projects, with an emphasis on the recent closing in May of the acquisition of the past-producing Mallay Silver Mine, with plans to move this mine back into production by Q2 of 2026.  We then review the large exploration potential across their other 3 projects:  Tres Cerros, Kilgore, and Silver City.    We kick things off having Shawn highlight why the company updated their project profile to focus on the jurisdiction of the Cerro de Pasco area of Peru, when acquiring both the Mallay Silver Mine and Tres Cerros exploration projects in the transaction announced in October of 2024, and closed on in May of this year.  Excellon has been a producing silver company in the past, and the management team and board had solid in-county experience in Peru, this transaction seemed like a perfect fit for taking the company to the next level.    Mallay was built and operated by Buenaventura from 2012 to 2018, with US$115 million of historical investment.  The mine went into care and maintenance in 2018 due to low silver prices (~US$16.00 per ounce) and a change in strategic priorities at Buenaventura.  Annual production by Buenaventura (2013 to 2017) averaged 1.3 million ounces of silver, 9,100 tonnes of zinc and 6,500 tonnes of lead.    Excellon announced a few months back that it has secured off-take agreements with Glencore for their concentrates, and is working to put a NI 43-101 economic study in place this year, to outline specific metrics for the move back into production. Shawn outlined that their internal studies project a run-rate of 600 tonnes per day of production, producing approximately 2-2.5 million silver equivalent ounces per year, and with a target All-In Sustaining Cost (AISC) of US$17 per AgEq ounce.   Shawn points out that they will also be engaging in an aggressive exploration program to demonstrate the resources can be grown and the mine life extended in a substantial way.    The Tres Cerros Project is a highly prospective gold-silver exploration project approximately five kilometers northwest of the Mallay Mine. The project's prime area of interest is a 2.5 kilometer by 500 meter corridor of gold-silver mineralization and coincident IP/resistivity anomalies, indicative of a bulk tonnage, high sulfidation epithermal system.  Numerous historical grab samples were taken across the 2.5 kilometer fault, which are being analyzed to determine further follow-up exploration work.   Kilgore, is an advanced gold project in Idaho with over 1 million ounces of gold delineated in all categories, and the Company is considering bringing in a JV partner to assist with moving this project forward in exploration and further derisking. Silver City, a high-grade epithermal silver district in Saxony, Germany, with a long history of almost 800 years of silver production.  Shawn has stated publicly that they are looking at various options, but are entertaining the idea of spinning out this asset into a new European-focused exploration vehicle.    Wrapping up we reviewed the industry experience the Excellon management team and board has in both moving projects into production as well as a pedigree of exploration success.  We discussed that the company is cashed up after their financing and off-take agreement, to conduct the key work and studies on tap over the next 6-9 months as the company moves toward a production decision.   If you have questions for Shawn regarding Excellon Resources, then please email those in to me at Shad@kereport.com.   Click here to follow the latest news from Excellon Resources

Coverage that provides news and analysis of national issues significant to regional Australians.

The U.S. has been policing bribery all over the world for nearly half a century using a law called the Foreign Corrupt Practices Act. But now, President Trump has said that this anti-corruption law is crippling American businesses. Since taking office, his administration has reduced the number of investigators, killed some cases, and changed the rules.In this episode, we look at the FCPA case against Glencore, a large commodity trading company, found guilty in 2022 for paying cash bribes in exchange for lucrative contracts all over the world.And we go back to the inception of the law, a time when using bribes to pay off foreign officials was considered "grease in the wheels" - a reasonable (if unethical) way to get business done.This episode was hosted by Amanda Aronczyk and Erika Beras. It was produced by Willa Rubin. It was fact-checked by Emily Crawford with help from Willa Rubin. It was edited by Marianne McCune. It was engineered by James Willetts. Alex Goldmark is Planet Money's executive producer.Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Interview with Arturo Préstamo Elizondo, Executive Chairman & CEO of Santacruz Silver Mining Ltd.Our previous interview: https://www.cruxinvestor.com/posts/santacruz-silver-tsxvscz-strengthened-financial-position-deleveraged-and-developing-6319Recording date: 16th June 2025Santacruz Silver Mining (TSXV:SCZ) has reported exceptional Q1 2025 financial results, demonstrating the success of its operational turnaround strategy. The multi-metal producer generated revenues north of $70 million with EBITDA of $27 million, representing a dramatic gross profit increase of nearly 7,000% year-over-year.Executive Chairman Arturo Préstamo Elizondo attributed the strong performance to multiple factors, including favorable metal prices, strategic investments in mining operations, and beneficial currency movements in Bolivia. "Metal prices is helping us indeed, and also we have a few things that contribute to our gross margins. One has been the result of previous year's investments into our mines which have improved our margins," Préstamo explained.The company has made significant progress reducing its debt obligations, paying down $17.5 million of its Glencore consideration. With $22.5 million remaining to be paid in three monthly installments of $7.5 million each, the final payment is scheduled for late October 2025. The company maintains a strong treasury position with over $60 million in cash reserves.Strategic capital investments have focused on the Mexican Zimapán mine, particularly the development of Level 960, which management considers "the future of this mine." The company has acquired over 15 pieces of underground equipment over the past 18 months, with Level 960 now contributing 40,000 tons monthly out of the mine's total 75,000 tons per month throughput.While these investments temporarily elevated all-in sustained cash costs to $34.32 per silver equivalent ounce in Q1, management expects costs to normalize to $22-23 per ounce by Q4 2025 as operations transition from development ore to more efficient stope mining.The company maintains its commitment to community investment, allocating approximately $4 million annually to development programs while focusing on operational excellence rather than acquisitions for 2025.View Santacruz Silver's company profile: https://www.cruxinvestor.com/companies/santacruz-silver-miningSign up for Crux Investor: https://cruxinvestor.com

Au Tchad, le plan national de développement vient d'être adopté en Conseil des ministres. Baptisé Tchad Connexion 2030, ce plan entend mobiliser 30 milliards de dollars publics et privés pour désenclaver le pays et diversifier l'économie tchadienne, encore très agricole et pétrolière. Il s'agit d'atteindre 8% de croissance dans cinq ans, alors que l'extrême pauvreté, qui atteint plus de 40% de la population tchadienne, s'est encore aggravée cette année. Le plan, baptisé Tchad Connexion 2030, souhaite mettre en valeur la position centrale du Tchad en Afrique, en faire un nœud logistique. « Tous les grands corridors africains, du nord au sud, de l'est à l'ouest, transitent par le Tchad, souligne le ministre tchadien des Finances, Tahir Hamid Nguilin, qui a participé à la définition de ce plan. Le terme connexion ici marque la volonté de nous positionner comme un hub logistique, mettre en place l'ensemble des moyens nécessaires à ce que la navigabilité sur le lac Tchad soit effective avec des ferries, des ports, des débarcadères… » Faciliter la transformation des produits agricoles et miniers Électrifier à 90% les zones urbaines et à 60% l'ensemble du pays, fournir de l'eau à 11 millions de personnes supplémentaires…, le plan prévoit aussi de doubler la scolarisation en primaire grâce à l'ouverture de l'enseignement au secteur privé, qui est également attendu, souligne le ministre, dans le secteur de l'or et de la transformation industrielle des produits de base. « Nous voulons que le secteur privé, avec des licences, avec des conditions financières, des facilités fiscales et douanières sans pareil, puisse investir et connecter à l'énergie notre population et passer à l'industrialisation et à une transformation plus poussée de nos matières qui sont les mines, les produits agricoles, les produits d'élevage, l'arachide, le sésame, la gomme arabique et des produits de niche comme la spiruline. » Un atout, le faible endettement du Tchad Ce plan de 30 milliards de dollars élaboré par les autorités de Ndjamena, en collaboration avec la banque Rothschild et le cabinet Roland Berger, est très ambitieux, mais le Tchad a un atout : son très faible endettement. « C'est ambitieux et on voit malheureusement souvent de ce genre de plans publiés par les ministères sans que ce soit vraiment suivi d'effet, observe Charles Bouessel, analyste Afrique centrale chez International Crisis Group. Mais un des rares points positifs pour le Tchad, c'est qu'il a des capacités de financement bien supérieures aux autres pays de la CEMAC parce que sa dette équivaut à seulement 30% de son PIB, ce qui est trois fois plus faible que le Congo par exemple. » Le Tchad est sorti de la période compliquée du remboursement de prêt contre des barils à Glencore, ce qui lui permet de profiter davantage de ses revenus pétroliers. Le FMI soutient son plan avec sa facilité élargie de crédit. Mais le défi du développement est gigantesque, avec un demi-million de Tchadiens supplémentaires plongés dans l'extrême pauvreté, depuis les inondations.

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQB: SCZMF), joins me to recap the key record Q1 2025 financial results along with a comprehensive review of all operations.  Santacruz Silver operates 1 mine in Mexico, and 5 mines, 3 mills, and an ore feed-sourcing and metals trading business in Bolivia, as an emerging mid-tier silver and base metals producer.   Q1 2025 Highlights   Revenues of $70.3 million, a 34% increase year-over-year. Gross Profit of $27.9 million, a 6882% increase year-over-year. Net Income of $9.5 million, a 93% decrease year-over-year1. Adjusted EBITDA of $27.5 million, a 2202% increase year-over-year. Cash and cash equivalents of $32.5 million, a 706% increase year-over-year. Working Capital of $51.7 million, a 7530% increase year-over-year. Cash cost per silver equivalent ounce sold ($/oz) of $17.84, a 16% decrease year-over-year. AISC per silver equivalent ounce sold of $22.34, a 8% decrease year-over-year. Silver Equivalent Ounces produced of 3,688,129, a 5% decrease year-over-year.    Q1 2025 Production Highlights:   Silver Equivalent Production: 3,688,129 silver equivalent ounces Silver Production: 1,590,063 ounces Zinc Production: 20,719 tonnes Lead Production: 2,718 tonnes Copper Production: 279 tonnes Underground Development: 10,135 meters   Arturo discussed the very strong revenues, gross profit, cash and cash equivalents,  adjusted EBITDA, and working capital up substantial in year-over-year metrics. In addition their cash costs and All-In Sustaining Costs (AISC) numbers came down in a meaningful way due to a combination of factors from mine optimization work paying off, to favorable currency exchange rates, and the positive impact of paying down the Glencore loan early.    Additionally, there was better setup with San Lucas ore-feeding business absorbing the Reserva Mine ore to blend with ore from the small-scale miners, and with it not being blended with Tres Amigos and CQCQT. This made Caballo Blanco much more efficient with better metals recoveries, as well as the San Lucas operations improving efficiencies.   The water issues at Bolivar were limited to just this quarter and resolved and the reason Zimapan was higher cost this quarter was because they just bought some new equipment to optimize operations (like 3 new Scoop trams), and to take advantage of the higher-grade 960 Level.  Those were both one-off effects taken in Q1, but resolved for Q2 and moving forward for the balance of the year.   Wrapping up we reviewed the plan in place to exercise its Acceleration Option to satisfy the Base Purchase Price owed to Glencore, by making payments on a schedule that aligns the accelerated timing whilst meeting the Company's commitment to financial discipline and a strong balance sheet. The plan's primary objective is to save the Company US$40 million. The Company successfully completed payments to Glencore of USD$17.5 million by the end of Q1, and will be paying the remaining of USD$22.5 million by October 31, 2025.     If you have any follow up questions for Arturo regarding Santacruz Silver, then please email them to me Shad@kereport.com.   In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Santacruz Silver

Interview with Michael Rowley, President & CEO of Stillwater Critical MineralsOur previous interview: https://www.cruxinvestor.com/posts/group-ten-metals-pge-pges-nickel-and-copper-time-to-reward-patient-investors-343Recording date: 5th June 2025Stillwater Critical Minerals has positioned itself as a leading domestic critical minerals investment opportunity, combining substantial polymetallic resources with strategic institutional backing and favorable policy tailwinds. The company's recent transformation from Group 10 Metals reflects management's conviction in their Montana asset, which sits within America's most established platinum group element mining district.The investment proposition centers on a significant resource base containing 1.6 billion pounds of nickel, copper, and cobalt alongside 3.8 million ounces of platinum group elements and gold. This polymetallic endowment addresses multiple critical mineral supply chains simultaneously, providing natural commodity diversification and reducing single-metal price risk. The resource represents a potential 10-20 year mine life operation with bulk tonnage scenarios exceeding $50 per ton gross value.Glencore's strategic 15.4% investment provides crucial institutional validation and operational expertise. The global commodity giant has made two separate investments and secured board representation, indicating serious commercial interest beyond passive investment. This partnership brings established market access, technical knowledge, and potential development capital to advance the project through feasibility studies.The project's location within Montana's Stillwater Complex offers significant operational advantages. Positioned within 500 meters of Sibanye-Stillwater's active East Boulder mine, the company can potentially leverage existing infrastructure, processing facilities, and skilled workforce. This proximity reduces development capital requirements and project execution risk compared to greenfield opportunities in remote locations.Management has assembled proven technical expertise through recruitment from Ivanhoe Mines, bringing direct experience developing complex polymetallic deposits. The team's geological model applies successful Bushveld Complex strategies to similar rock formations, reducing exploration risk and accelerating resource definition. Their reinterpretation of 40,000 meters of historical and recent drilling data has identified previously unrecognized economic potential within the lower Stillwater Complex.Federal policy alignment creates exceptional development opportunities. The project directly addresses U.S. critical mineral security objectives, with potential access to Defense Production Act funding and regulatory support. Montana's pro-mining jurisdiction and established permitting frameworks provide additional development advantages, while congressional support has been demonstrated through direct engagement with the state's delegation.The development timeline offers near-term catalysts for value recognition. Management expects to complete a Preliminary Economic Assessment by Q3 2026, following additional drilling and resource modeling work. This milestone will provide crucial economic validation and establish the foundation for advanced feasibility studies and potential strategic partnerships.Market dynamics strongly favor domestic critical mineral development. Supply chain vulnerabilities, energy transition demand, and strategic stockpiling trends create sustained growth drivers across Stillwater's commodity portfolio. The company's polymetallic approach provides exposure to multiple market segments while reducing dependence on individual commodity cycles. Strategic optionality enhances investment appeal through multiple potential development pathways. These include strategic partnerships with neighboring operators, infrastructure sharing agreements, independent development scenarios, or potential acquisition by major mining companies seeking domestic critical mineral exposure.With approximately $15 million invested against a current market capitalization of C$63 million, Stillwater represents compelling value creation potential. The combination of substantial resources, institutional backing, policy support, and proven management positions the company to capitalize on America's critical mineral security imperative while delivering significant investor returns through systematic project advancement and strategic value realization.View Stillwater Critical Minerals' company profile: https://www.cruxinvestor.com/companies/stillwater-critical-mineralsSign up for Crux Investor: https://cruxinvestor.com

Interview with Jason Jessup, CEO of Magna Mining Inc.Our previous interview: Recording date: 4th June 2025Magna Mining. presents a compelling investment opportunity as one of the few junior mining companies delivering immediate copper production with clear pathways to operational scaling. Following the February 2025 acquisition of the McCreedy West mine in Ontario's Sudbury basin, the company generated positive cash flow of $300,000 in its first operational month while producing 790,000 pounds of copper equivalent—results that exceeded management expectations during what was effectively a three-week transition period.The company's operational success validates its production-focused strategy in a market where most copper juniors remain years away from meaningful revenue generation. CEO Jason Jessup, who previously operated McCreedy West during peak production periods exceeding 2,500 tons daily, brings proven expertise to optimize operations. The company has already implemented operational improvements including expanded shift schedules and contractor-supported development work to increase production capacity and workplace access.Magna Mining's recent $33.5 million financing round, comprising $23.5 million in convertible debentures and $10 million equity secured, provides working capital for operational optimization and growth initiatives. The company plans to invest $5-10 million this year in capital development at McCreedy West, focusing on sustainable expansion rather than short-term cash maximization. This disciplined approach positions the company for long-term value creation while maintaining financial flexibility.The company's competitive advantage extends beyond current production to include four additional fully permitted past-producing mines with combined NI 43-101 resources exceeding 50 million tons of copper, nickel, and PGM mineralization. The adjacent Levack mine offers particular near-term growth potential with recent drilling revealing high-grade copper zones of 24% copper plus PGMs within 200 meters of surface in previously unmined areas. An internal restart study for Levack is expected in Q4 2025, with a new resource estimate anticipated by end of Q3 2025.Magna Mining's bootstrap growth model differentiates it from capital-intensive development projects requiring multi-billion dollar investments and multi-year construction timelines. The company can fund expansion through operating cash flow, minimizing shareholder dilution while maintaining control over development timing. This approach appeals to institutional investors seeking copper exposure without the execution risks associated with large-scale development projects.The Sudbury jurisdiction provides additional competitive advantages including stable regulatory framework, established infrastructure, and access to skilled labor from the region's 180,000-person population with extensive mining experience. Established customer relationships with Vale and Glencore ensure secure off-take arrangements and predictable revenue streams.Strong institutional backing supports the investment thesis, with over 50% institutional ownership including 21% held by Dundee Corp, whose leader Jonathan Goodman serves on Magna Mining's board. Management and board retain approximately 10% ownership, aligning interests with shareholders.As CEO Jessup noted, "No one has what we got like we have a producing mine in the best jurisdiction I would say in North America for copper and nickel mining and four other fully permitted past producing mines." This unique combination of immediate production, scalable growth opportunities, and reduced development risk positions Magna Mining as an attractive copper investment in a supply-constrained market where traditional development projects face increasing capital and execution challenges.With $38 million cash on hand and clear catalysts including quarterly production reports and the upcoming Levack study results, Magna Mining offers investors a de-risked pathway to copper sector exposure with multiple value creation opportunities.View Magna Mining's company profile: https://www.cruxinvestor.com/companies/magna-miningSign up for Crux Investor: https://cruxinvestor.com

Small Cap Breaking News You Can't Miss!Here's a quick rundown of the latest updates from standout small-cap companies making big moves today:Metals Creek (TSXV: MEK)High-Grade Copper-Silver at Tillex Project Near Timmins Metals Creek intersected 1.52% Cu and 8.48 g/t Ag over 28.8m, including a core of 2.61% Cu and 14.92 g/t Ag over 13.27m. This shallow, high-grade hit strengthens the case for cost-effective open-pit development just 40m below surface. With more assays on the way and proximity to Glencore's Kidd Creek complex, Tillex is shaping up as a potential standout in Canada's copper narrative.VSBLTY Groupe (CSE: VSBY)Two LOIs for Massive Smart City Projects in LATAM VSBLTY is going big in the smart infrastructure space, signing LOIs to deploy 35,000+ AI-enabled sensors across Caribbean and Central American communities. These projects integrate facial/weapon recognition, tourism-enhancing interactive displays, and public safety tools—anchoring VSBLTY as a key smart city player in emerging markets.Power Metals (TSX-V: PWM)Case Lake Confirmed as World's 4th Largest Hard-Rock Cesium Resource A maiden resource of 13,000 tonnes grading 2.40% Cs₂O officially puts Canada on the cesium map. With 17 untested zones and strong infrastructure, Power Metals is now a critical mineral leader amid growing North American demand for battery metals and national security applications.Great Pacific Gold (TSXV: GPAC)Wild Dog Project Hits 7.0m of 10.3 g/t AuEq in Papua New Guinea Early drilling at this underexplored project yielded a 7.0m intercept with gold and 3.1% copper, including a 2.0m section at 14.3 g/t AuEq. With historic gold workings, modern geophysics, and aggressive drilling underway, this could be PNG's next major discovery.NexGold (TSXV: NEXG)High-Grade Infill Drilling at Goldboro – Up to 67.84 g/t in Nova Scotia NexGold hit 11.87 g/t over 6.1m and 3.77 g/t over 9.1m in its ongoing 25,000m drill program. These results support the potential upgrade of existing resources and bolster confidence in its upcoming feasibility study. Nova Scotia's next producer? It's looking likely.Follow AGORACOM for more breaking small-cap news and real-time updates on our podcast! Your hub for uncovering the next big opportunity—before the market does.

Virgin Australia offers $3000 worth of shares to staff as it prepares for takeoff… onto the ASX. Glencore, the mining behemoth, has shifted over $30 billion of its assets into an Australian subsidiary… but there seems to be more than meets the eye. The New York Times signs its first-ever AI deal after years of pushing back against AI companies - but it’s not with its arch-nemesis OpenAI. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

In Zambia, efforts to clean up a massive acid spill from a Chinese-owned mine have been met with skepticism, despite government assurances. Officials claim restitution is underway and rehabilitation plans are in place, but activists question the fairness of compensation and lack of independent assessments.  Meantime, in the Democratic Republic of Congo, tensions are growing between major players in the cobalt and copper sectors. A public dispute between joint venture partners Ivanhoe and Zijin over mine damage revealed deep fractures, while an export ban on cobalt, aimed at stabilizing prices, has pitted Glencore against Chinese firm CMOC. JOIN THE DISCUSSION: X: @ChinaGSProject | @eric_olander | @obertbore | @christiangeraud Facebook: www.facebook.com/ChinaAfricaProject YouTube: www.youtube.com/@ChinaGlobalSouth Now on Bluesky! Follow CGSP at @chinagsproject.bsky.social FOLLOW CGSP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine Arabic: عربي: www.alsin-alsharqalawsat.com | @SinSharqAwsat JOIN US ON PATREON! Become a CGSP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CGSP Podcast mug! www.patreon.com/chinaglobalsouth  

In this episode of the Strong Source podcast, we welcome Martijn Noordhoek, a veteran in the global sugar trade with experience at Cargill, Sucden, Glencore, and now Viterra. Martijn shares how he stumbled into the world of commodities via a freight role and soon found his calling in sugar trading. He reflects on the steep learning curve for young professionals, the nuances between raw and white sugar, the role of ethanol and Brazilian crop cycles, the effects of geopolitics and logistics on trade flows, the rise of Ozempic and its impact on demand, and the cultural contrasts across major trading houses.

Franco Macchiavelli, analista independiente, repasa la cotización de Santander, Nvidia, Logista, Barrick Gold, Bitcoin, Acerinox o Glencore, entre otras

Como acelerar sua carreira enfrentando os desafios do dia a dia em projetos industriais e de infraestrutura?Neste episódio especial, eu converso com três profissionais que participaram da primeira turma do PEP – Programa de Excelência em Projetos. Eles compartilham suas experiências reais, os aprendizados práticos e os impactos que a mentoria trouxe para suas trajetórias. Da insegurança no planejamento à confiança nas decisões, este papo mostra como é possível transformar desafios em ação com o apoio certo!Dê o play para conferir esses relatos inspiradores – e prepare-se para repensar sua própria jornada profissional!Conecte-se também aos profissionais entrevistados:Daniel Murasawa – Especialista de Materiais Refratários na Glencore – https://www.linkedin.com/in/danielmurasawa/ Leonardo Barbosa – Gerente de Projetos – https://www.linkedin.com/in/leonardo-barbosa-/ Wilson Krieger – Planejamento de Engenharia na TMSA – https://www.linkedin.com/in/wilsonkrieger/

US President Trump said he is going to make a fair deal with China on trade; predicts that China will eat the tariffs.APAC stocks failed to sustain the positive handover from Wall St and traded mixed; Chinese official PMIs disappointed.European equity futures indicate a contained cash market open with Euro Stoxx 50 future flat after the cash market closed with losses of 0.2% on Tuesday.DXY is a touch higher and building on yesterday's slight gains, EUR/USD is back on a 1.13 handle, AUD leads post-CPI.Looking ahead, highlights include French GDP, German Import Prices, Retail Sales, Unemployment Rate, GDP, CPI, Italian GDP, CPI, EZ GDP, US ADP, GDP, PCE (Q1 & for March), ECI, BoC Minutes, BoE's Lombardelli, Supply from UK, Germany & US.Earnings from Microsoft, Meta, Robinhood, Qualcomm, Albemarle, eBay, Humana, Caterpillar, International Paper, GE Healthcare, Hess, Airbus, Credit Agricole, TotalEnergies, SocGen, UBS, DHL, Kion, Volkswagen, Mercedes Benz, Barclays, GSK, Segro & Glencore.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Interview with Peter Van Alphen, President & CEO of Nuvau Minerals Corp.Recording date: 11th April 2025Nuavu Minerals is set to transform the historic Matagami mining camp in Quebec, Canada through a dual strategy of near-term production and extensive exploration across its substantial 1,300 square kilometer property. Under the leadership of President and CEO Peter van Alphen, the company is nearing completion of an earning agreement with Glencore that will grant them 100% ownership of this past-producing base metal asset.The company plans a two-phase production approach, beginning with restarting the recently closed Bracemac McLeod mine, which contains approximately one million tons of resource with a potential to expand to two million tons. This "starter mine" would provide roughly three years of production while the company develops the Caber complex on the western side of the property. The Caber complex contains approximately 10 years of defined resources across three deposits, representing the first significant development on the western portion of the property in the camp's 60-year production history.A key advantage for Nuavu is the relatively modest capital requirement of approximately $50 million to restart operations, including refurbishing the existing 3,000-ton-per-day mill, which they have the option to acquire for $5 million. Van Alphen estimates the total infrastructure value included in the deal at $300-400 million.The exploration potential is equally compelling, with over 80 VMS-style deposit targets identified across the property. Perhaps most intriguing is the recently discovered gold potential, which includes what may be the highest gold grain count ever found in the Abitibi region, with over 2,000 grains of pristine gold particles per 10kg sample. The property sits on the Sunday Lake deformation zone, which hosts major gold deposits along strike.Van Alphen brings valuable experience from FNX Mining, Lake Shore Gold, Tahoe Resources, and Premier Gold, with a track record of revitalizing past-producing mines through hands-on management. "This could be the FNX of Quebec," he notes, drawing parallels to previous successful mine restarts.With strong community support in Matagami, a mining-friendly jurisdiction in Quebec, and a targeted production start in 2027, Nuavu is positioning itself at the intersection of near-term production potential and significant exploration upside in both base metals and gold, creating multiple potential value drivers for the company as it works to revitalize this historic mining region.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Kevin Das, Senior Technical Consultant of Frontier Minerals Ltd.Recording date: 8th April 2025New Frontier Minerals, dual-listed on the London and Australian Stock Exchanges, is strategically positioning itself in Australia's critical minerals sector with a focused approach to exploration and development. The company is advancing two key projects: the Harts Range project near Alice Springs and a copper development in Northwest Queensland.The Harts Range project has generated significant interest following recent airborne geophysical surveys that identified 46 potential targets, exceeding management expectations. The company's exploration focus centers on high-value heavy rare earth elements, particularly dysprosium and terbium, which are primarily sourced from China and are essential for defense applications and electric vehicles."What we have at Harts Range which makes it different to all the other rare earth projects is we have their high value heavy rare earths," explains Kevin Das, Senior Technical Consultant for New Frontier Minerals. "These high value heavy rare earths can only be found really in China and there's probably another handful of companies around the world that have these valuable and highly critical minerals."The company has identified two promising prospects at Harts Range, named "Bobs" and "Cusp," where surface sampling has yielded consistently high grades. An interesting feature of the mineralization is that rare earths, uranium, and niobium occur together, creating efficiency in exploration.Simultaneously, New Frontier is advancing its copper project in Northwest Queensland's Mount Isa region. The project includes the "Big One" deposit, containing approximately 2.2 million tons of copper at 1.1% grade. In January, the company signed an MOU with Austral Resources to potentially process ore at their nearby Mount Kelly facility, creating a pathway to production without substantial capital investment."That gives us a real clear pathway to production because we don't have to go to markets to raise $100 million to build a processing facility," Das notes.To fund its exploration activities, New Frontier has divested three non-core assets over the past six months, generating sufficient working capital for planned activities. This approach demonstrates capital discipline and allows the company to focus on its most promising assets without immediate dilution to shareholders.Near-term plans include validating targets at Harts Range, conducting trial processing of copper stockpiles, and drilling at Harts Range later this year. The company's presence in a region attracting major mining companies like Glencore, Anglo America, Rio Tinto, and FMG also creates potential for future M&A activity.Sign up for Crux Investor: https://cruxinvestor.com

En este episodio, desglosamos los temas más importantes que están marcando el pulso de los mercados: Mercados abren con cautela: Wall Street retrocede levemente mientras los traders esperan claridad sobre las tarifas recíprocas que Trump anunciará el 2 de abril. En foco: posibles medidas sobre las importaciones de cobre y los datos de bienes duraderos. Cobre alcanza récord histórico: El metal sube más de 28% en 2025 y supera los $10,000/t en Londres, impulsado por temores arancelarios y problemas técnicos en la fundición Altonorte de Glencore en Chile. Analizamos el impacto en la industria y los precios globales. Tensión sindical en US Steel: El sindicato USW denuncia que Ancora Holdings planea vender la planta de Big River para financiar mejoras en instalaciones sindicalizadas. La disputa se intensifica con la fusión propuesta entre US Steel $X y Nippon Steel, que sigue bajo presión política y sindical. BMW y Alibaba profundizan su alianza en China: $BMWKY integrará el modelo de IA Qwen de $BABA en sus vehículos Neue Klasse a partir de 2026. Con Banma en el corazón del cockpit inteligente, discutimos cómo esta colaboración refuerza la posición de BMW frente a la competencia local en vehículos eléctricos. Acompáñanos para entender cómo estos eventos están afectando la cadena de suministro global, la tecnología automotriz, la industria del acero y los mercados de metales. ¡Un episodio lleno de análisis estratégico y visión global!

Matt started investing at just 22 with the help of his financial adviser father. Now, at 29, and with a wedding on the cards, he's got an extra reason to be diligent about his money. Some of Matt's stock picks (such as Glencore) haven't been performing as he might like. Is it time to leave stock-picking behind, and focus on a more diversified approach?Presenter Claer Barrett is joined by Adam Walkom, the co-founder of Permanent Wealth Partners, and Investors' Chronicle editor Taha Lokhandwala, to discuss Matt's situation. Adam and Taha disagree on the merits of stock-picking – but they're in agreement about the concentration risk lurking within Matt's portfolio.Want more? Free links:Read Moira O'Neill's recent FT article about diversifying your stocks and shares Isa here: https://on.ft.com/4l0xrAkRead FT columnist Simon Edelsten on how investors can build more resilient portfolios: https://on.ft.com/41YJWUnPresented by Claer Barrett, produced by Mischa Frankl-Duval, with mix and sound design from Breen Turner, Sam Giovinco and Joe Salcedo. The executive producer is Manuela Saragosa. Cheryl Brumley is the FT's head of audio.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In part two, political economist Patrick Bond outlines the activities of Glencore and other South African energy corporations which continue to ship coal to Israel's electricity grid. Despite the historic efforts of South Africa to bring a genocide case against Israel at the International Court of Justice, as well as its involvement in the Hague Group to demand enforcement of international rulings on Israel's unlawful occupation, Bond discusses South African policies and crony capitalist transactions which ultimately undermine these Palestine solidarity initiatives. With corporations such as India's Adani Group heavily invested in Israel's economy, Bond exposes the contradictions in BRICS' stance towards Israel.  

Interview with Christian Easterday, Managing Director & CEO of Hot Chili Ltd.Our previous interview: https://www.cruxinvestor.com/posts/hot-chili-asxhch-advancing-low-cost-large-scale-copper-gold-project-in-chile-6048Recording date: 10th February, 2025Hot Chili Limited (ASX:HCH) is an emerging copper-gold developer that has consolidated a major land position along the Chilean coastal range. After years of diligent exploration and strategic acquisitions, the company is on the cusp of a transformational re-rating as it rapidly advances its Costa Fuego project towards development.At the heart of the Hot Chili story is Costa Fuego - a cluster of large-scale copper-gold deposits that the company has systematically pieced together over the last decade. Costa Fuego already boasts a resource base of 724Mt grading 0.48% CuEq for 2.9Mt Cu, 2.7Moz Au, 9.9Moz Ag and 64kt Mo, putting it among the largest copper development projects globally. But recent exploration success suggests this is just the beginning.The game-changer is the new La Verde discovery, situated just 30km from Costa Fuego's planned processing hub. Wide drill intersections like 320m @ 0.3% Cu, 0.1g/t Au and 202m @ 0.6% Cu, 0.3g/t Au confirm La Verde as a large-scale, bulk tonnage porphyry system in its own right. Importantly, mineralization begins from surface, making it ideal for open pit extraction. Eight of the first twelve holes drilled ended in mineralization, hinting at the depth potential yet to be unlocked.La Verde looks to be a carbon copy of the company's Cortadera discovery, a neighboring porphyry that extends beyond 1.2km vertical depth. Cortadera underpins 70% of Costa Fuego's current resource base, so it's no wonder that the market is sitting up and taking notice of La Verde's early drill results. Hot Chili has already expanded the La Verde footprint to 550m by 400m and is now stepping-out to test a potentially much larger porphyry system masked by shallow gravel cover.Aside from outstanding growth potential, Costa Fuego boasts many of the key attributes majors look for in a copper development project: scale, grade, by-product credits, access to infrastructure and a Tier-1 jurisdiction. The company is on-track to complete Pre-Feasibility Studies on both the copper-gold project and a related water asset this year, paving the way for an accelerated path to production.One factor that sets Hot Chili apart is its partnership with Glencore. The commodities giant owns a 7.8% stake in Hot Chili and has offtake rights to 60% of Costa Fuego's first eight years of production. This is a strong endorsement of the project's technical and economic merits. As the La Verde discovery firms up, expect to see heightened M&A interest from other big names in the copper space.With the copper market facing a multi-million tonne supply deficit by the end of the decade, Costa Fuego's importance as a strategic asset is only set to increase. Hot Chili offers a unique combination of near-term development potential, long-term resource upside and experienced management - all the ingredients to become a key supplier into a structurally tight copper market. If the drills continue to deliver, this is a story that could heat up very quickly.—Learn more: https://cruxinvestor.com/companies/hot-chili-limitedSign up for Crux Investor: https://cruxinvestor.com

In remote Quebec, the mining giant Glencore is turning America's electronic trash back into treasure. WSJ reporter Ryan Dezember joins host Belle Lin to talk about how recycled copper could help meet the demands of the energy transition and data boom. Plus, a look at a new Transportation Security Administration program that allows travelers to use their faces for identity verification at airport security checkpoints. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices