Glencore output on target despite copper fall
Shares in Glencore (LSE: GLEN) climbed on Wednesday after the Swiss miner and commodities trader said it remains on track to meet its full-year production targets, easing investor concerns about…
Africa
Ivanhoe Atlantic’s Guinea iron ore project moves closer to construction
Ivanhoe Atlantic has completed the necessary environmental and social impact studies (ESIA) for its Kon Kweni iron ore project in Guinea and submitted permit applications to begin construction early next year….
Newmont’s Ahafo North achieves commercial production
Newmont (NYSE, ASX: NEM) said its Ahafo North operation in Ghana officially reached commercial production – a key milestone at one of West Africa’s biggest mining projects in recent memory….
Could Barrick’s next CEO break up the company?
Spinning off Barrick Mining’s (TSX: ABX; NYSE: B) U.S. assets into a new company or exploring a merger with Newmont (NYSE: NEM) are some of the key options that the…
Angola challenges Botswana in De Beers bid
Angola’s state diamond company Endiama has submitted a formal bid for Anglo American’s (LSE: AAL) majority stake in De Beers, in a sharp shift from its earlier position of seeking…
Platinum price hits five-year high
Platinum prices have surged to their highest level in five years as global supply tightens and investors position ahead of policy changes in China. The spot platinum price was $1,658.68…
Colombia deals new blow to contentious $1.4B AngloGold copper project
Colombia’s National Mining Agency (ANM) has rejected AngloGold Ashanti’s (JSE: ANG; NYSE: AU; ASX: AGG) request to suspend its contractual obligations for the stalled $1.4-billion Quebradona copper-gold project, deepening the…
Appian, World Bank unit start $1B critical minerals fund
U.K. private-equity firm Appian Capital Advisory is teaming up with the World Bank-owned International Finance Corporation (IFC) to start a $1-billion critical minerals, metals and mining fund that will be…
Congo rebels steal $70M in gold from Twangiza mine
Rebels occupying Twangiza Mining’s gold concession in eastern Democratic Republic of Congo (DRC) have reportedly looted at least 500 kg of bullion, worth about $70 million at current prices, the…
Kodal begins lithium exports from Mali
Kodal Minerals (LSE: KOD) has dispatched the first truckloads of lithium spodumene concentrate from its Bougouni mine in southern Mali to the port of San Pedro in Côte d’Ivoire, marking…
Friedland says global economy faces copper crisis
Global demand for copper is accelerating toward levels that could outstrip supply within two decades, creating what industry veteran Robert Friedland calls a once-in-history challenge for the world economy. Over the next…
Anglo American, Arc Minerals end Zambia venture
Anglo American (LSE: AAL) and junior partner Arc Minerals (LSE: ARCMA) have ended their copper and cobalt exploration joint venture in Zambia by mutual agreement, marking the close of Anglo’s…