Miningmx

3 days ago | miningmx.com | David McKay

OMNIA Holdings’s international push will most likely define the term of Seelan Gobalsamy, who became CEO of  the chemicals, agribusiness and mining explosives company nearly six years ago. Shares are 200% higher over that time. Growth has come from its explosives subsidiary BME, whose profit in the 2025 financial year could be the best yet for Omnia. The question is how long this can continue, especially given the threat posed by the administration of US President Donald Trump.

3 days ago | miningmx.com | David McKay

PLATINUM Group Metals (PTM) is to issue 800,000 shares to its major shareholder Hosken Consolidated Investments Limited (HCI). The share issue, priced at $1.26 per share, will generate gross proceeds of $1m. This pricing represents a 3.1% premium to the company’s five-day volume weighted average trading price as of May 9. Upon completion, the transaction will restore HCI’s ownership stake to 26% in the company. The placement will be subject to a four-month and one-day trading restriction.

3 days ago | miningmx.com | David McKay

PRESSURE is growing on Lucara Diamond which said it will draw on additional financing facilities to remain liquid. Commenting in notes to its first quarter results, the company’s CEO William Lamb said the firm’s lenders approved the drawdown of $28m from emergency funding account known as the cost overrun reserve account. The $61.7m Cora is supplied by Lucara’s largest shareholder Nemesia, which represents the Lundin Group.

3 days ago | miningmx.com | David McKay

ANGLO American said Tom McCulley would become its new technical director, following Matt Daley’s decision to pursue a senior executive role outside the company. Daley is to join South32 as deputy CEO from February next year before replacing the Australian firm’s current CEO Graham Kerr later in 2026. McCulley, who will retain his current responsibilities for Anglo American’s Crop Nutrients business, will continue serving as a member of the company’s executive leadership team, said Anglo American.

3 days ago | miningmx.com | David McKay

SOUTH32 has appointed Matthew Daley, an Anglo American executive with extensive copper experience, as its new CEO to succeed Graham Kerr, who has led the company since its spin-off from BHP in 2015. The Perth-based diversified miner announced that Daley will join as deputy CEO in February before assuming the top position later in the year.