Glencore posts 30% hike in net debt as coal, copper slump
GLENCORE posted an interim attributable loss on Wednesday of $655m (2024: -$233m) owing to continuing slump in coal prices and disappointing copper output.
Mining earnings...
SA almost vanishes from Fraser Institute policy radar
THE promise of a new mining cadastre did little to change investor attitudes to South African mining, according to the 2024 edition of the...
Mantashe US mineral threat branded self-destructive folly
SOUTH African mines minister Gwede Mantashe's proposal to withhold mineral exports to the US in retaliation for 30% across-the-board import tariffs was described by...
Copper tariff exemption triggers trading chaos
GLOBAL copper markets suffered their most severe disruption in a year marked by policy volatility and extraordinary price fluctuations after President Donald Trump's last-minute...
Anglo will be “pragmatic” in getting Peabody deal over the line
ANGLO American CEO Duncan Wanblad said he would be "pragmatic" about selling the firm's metallurgical coal assets in Australia amid a dispute with buyer,...
Anglo negotiating with Botswana for increased stake in De Beers
ANGLO American said it was negotiating with the Botswana government to increase its 15% stake in De Beers ahead of selling the business, which...
Rio posts five-year low first-half profits
RIO Tinto delivered its poorest first-half earnings in five years as falling iron ore prices and Western Australian cyclones battered the mining giant's primary...
Glencore to slash costs $1bn by end of 2026
GLENCORE has unveiled plans to slash $1bn in costs by the end of 2026 following a comprehensive review of its mines and smelters, the...
SA chrome tax not a balanced approach to development
VALTERRA Platinum described a proposed chrome tax as not a balanced approach to economic development in South Africa.
Earlier this month, South Africa's Cabinet approved...
Griffith the latest talent to swim free of Vedanta’s grasp
THE departure of Chris Griffith, former CEO of Anglo American Platinum (Amplats), from Vedanta this month is the latest in a series of setbacks...