
CEO Phoevos Pouroulis described the move as both planned and necessary. “It was always envisaged that we would transition to underground mining, and we are now at that point in time.

A growing number of mineral-producing governments are acquiring assets, activating marketing rights and building institutions that can intervene across the value chain.

Exxaro is set to exit its only offshore asset through a two-step transaction that will see it acquire Anglo American’s remaining stake in the Moranbah South coking coal project before selling the entire asset to Stanmore Resources for $105 million.

Lindian Resources is seeking to build a vertically integrated rare earth supply chain stretching from its Kangankunde project in Malawi through processing facilities in Kazakhstan to downstream markets in Europe, highlighting the increasingly complex geopolitics reshaping critical minerals.