Paladin pulls uranium target after Namibia mine flooded
AUSTRALIAN uranium miner Paladin Energy withdrew its production forecast for 2025 following heavy rainfall at its Langer Heinrich mine in Namibia, described by the...
Blair backs Africa to develop fossil fuels
FORMER UK prime minister Tony Blair said on Monday it was critical Africa be allowed to focus on fossil fuels in order to grow...
Glencore cuts Cerrejon coal in effort to bolster prices
GLENCORE said on Tuesday it would cut production from its Cerrejon coal mine in an effort to arrest a decline in the fuel's price.
The...
EU designates Anglo’s Sakatti copper project ‘strategic’
ANGLO American said on Tuesday its Sakatti project in Finland had been designated strategic by the European Commission – a development that would improve...
Master Drilling CEO says market too unstable to predict
MASTER Drilling delivered the goods for shareholders in the year to end-December 2024 earning record $270.8m and pushing up its dividend to 65 South...
Investors turn to gold miners as metal outpaces inflation
THE recent surge in the gold price is finally attracting money into funds that invest in gold miners after a period in which the...
Gold Fields target soars as market expects higher bid
SHARES in Australia's Gold Road Resources climbed an all-time peak on Tuesday, a day after rebuffing South African miner Gold Fields' $2.1bn acquisition proposal,...
For better or worse, coal is here to stay as Asia...
THE thermal coal market has moved on since the energy security crisis sparked by Russia’s invasion of Ukraine. According to analysts, the outlook for...
Amplats says rhodium surge heralds PGM price recovery
A ONE-fifth increase in the rhodium price this year could herald a broader improvement in platinum group metal prices (PGMs), said Anglo American Platinum...
Sovereign to raise $40m for Kasiya rutile/graphite project
SOVEREIGN Metals said on Monday it intended to raise $40m through a placement of shares with the funds earmarked for the continued development of...