Diamond industry faces its deepest crisis
THE global diamond industry is in its deepest crisis in modern history, battered by collapsing Chinese demand, the rapid rise of lab-grown stones, US...
Exxaro boosts payout as Iran crisis drives coal higher
EXXARO Resources declared a R10 per share (R3.4bn) final dividend today following robust headline profits for the year ended December.
The payout, 15% higher than...
BHP’s Craig flags discipline over deals in new role
BRANDON Craig, appointed CEO-elect of BHP Group this week, has signalled that organic growth will take precedence over acquisitions as he prepares to take...
Congo export curbs to keep cobalt scarce till 2030
A GLOBAL cobalt shortage is expected to persist through the end of this decade as export restrictions from the Democratic Republic of Congo continue...
Sibanye-Stillwater welcomes new US tariff on Russian palladium
SIBANYE-Stillwater said on Wednesday it welcomed proposed countervailing duties on Russia by the US Department of Commerce related to imports of unwrought palladium.
The department...
Ghana studies bids to revive seized Damang mine
GHANA is assessing three bids from local investors to take over Gold Fields' Damang gold mine, nearly a year after the government seized control...
BHP names Brandon Craig as CEO from July
BHP Group has appointed Brandon Craig as its next CEO, succeeding Mike Henry, who has led the world's largest miner for more than six...
A crisis forever? How diamond miners are digging in
THE impending liquidation of Ekapa Mining following a deadly mudslide last month brings the curtain down on roughly 150 years of diamond mining in...
Congo approves US firm’s deal for Chemaf
THE Democratic Republic of Congo has indicated it will approve the purchase of copper and cobalt miner Chemaf SA by American company Virtus Minerals...
Guinea weighs bauxite export quotas amid price slide
GUINEA, the world's largest bauxite producer, is considering introducing export quotas for mining companies as early as this month, said Reuters on Tuesday, citing...