Kenmare to book $125m impairment amid oversupply
KENMARE Resources announced on Wednesday it would book an impairment of no more than $125m on its first half accounts as it expected long-term...
Rio Tinto names head of iron ore Simon Trott as new...
RIO Tinto Group has appointed its iron ore boss Simon Trott as CEO, replacing Jakob Stausholm from August 25, said Bloomberg News on Tuesday.
The...
Transnet faces cash crisis despite government lifeline
S&P Global Ratings forecast freight rail and ports operator Transnet will burn cash for the next three years, according to a report by BusinessLive...
Zambian mining chief urges US to waive copper import tariffs
THE leader of Zambia's state mining corporation is pushing for the US to grant exemptions from proposed copper import duties, arguing that such tariffs...
South32 warns over Mozal ouput in 2026 as power talks stall
SOUTH32 has raised major doubts about the sustainability of aluminium production from its facilities in Mozambique, saying in an update on Monday it had...
Commodity traders poised for $300m copper windfall
FOUR major commodity trading houses stand to earn extraordinary profits exceeding $300m after positioning themselves ahead of Donald Trump's copper tariff announcement, capitalising on...
Coal decline risks poverty crisis, warns Thungela chief
THE uncontrolled decline of coal production poses a greater immediate threat to global communities than climate change itself, according to July Ndlovu, the outgoing...
Implats to shut Canadian mine Lac des Illes
IMPALA Platinum (Implats) plans to cease operations at its Ontario mine by May 2026, endangering 750 positions as weak metal prices undermine the facility's...
Bristow says copper market intact despite tariff shock
BARRICK Mining Corp. was confident of copper's long-term prospects despite market turbulence from new US trade barriers, said Reuters citing the miner's CEO Mark...
Mining tycoon backs Trump’s copper tariff plan
ROBERT Friedland, the billionaire founder of Ivanhoe Mines, has thrown his support behind US President Donald Trump's controversial 50% tariff on copper imports, arguing...