Copper projects hamstrung by spiralling cost of capital
THE cost of capital was increasingly becoming a challenge in building new copper mines as resurgent inflation and factors such as infrastructure development drove...
Congo cobalt ban and peace deal mark crossroads
TWO major developments in the Democratic Republic of Congo have been largely obscured as global attention focuses on conflict in the Middle East, said...
First Quantum suspends operations after fatal accident
FIRST Quantum Minerals said on Monday it had temporarily suspended operations in the area of an accident at the Trident project in Zambia which...
Afrimat CEO says firm “caught napping” on Nkomati mine
AFRIMAT'S management was "caught napping" in addressing multiple challenges at its Nkomati Anthracite Mine, CEO Andries van Heerden acknowledged in the company's annual report,...
Ivanhoe cuts copper output guidance after seismic disruption
IVANHOE Mines has slashed its annual copper production guidance to between 370,000 and 420,000 tons after seismic activity forced the closure of part of...
Copper tariffs offer mixed blessing for industry
US copper tariff threats have created a lucrative windfall for Freeport-McMoRan Inc., America's largest copper producer, though the company's CEO warns that comprehensive trade...
Copper smelters face record losses amid oversupply
COPPER smelters are paying unprecedented sums to process raw materials as China's aggressive expansion of processing facilities creates a global market imbalance that threatens...
Global nickel oversupply expected until 2028
THE global nickel market faces prolonged oversupply until at least 2027-2028, according to Reuters citing industry analysts at a metals conference in Jakarta this...
Cobalt Holdings scraps £180m London IPO
COBALT Holdings has abandoned its planned London listing just weeks after announcing a $230m share offering backed by leading investors including Glencore, said the...
Abu Dhabi’s IRH to buy Alphamin control for C$503m
INTERNATIONAL Resources Holding (IRH), a subsidiary of UAE's International Holding Company, said it had agreed to buy a controlling 56% stake in Canadian-listed tin...