Northam steps up bidding war with formal offer for RBPlat Northam has presented a formal offer of 172.7 rand per share, escalating a takeover battle with bigger rival Impala Platinum. Reuters | November 9, 2022 | 9:40 am
Zimbabwe miners say costs, power shortages dampen 2023 growth prospects An industry report published by Zimbabwe’s Chamber of Mines says the sector will experience a slower 7% growth next year. Reuters | November 9, 2022 | 7:46 am
Fortescue Metals to help develop green fertilizer supply chain in Kenya Fortescue and the Kenyan government will together develop a 300 megawatt green ammonia and green fertilizer facility by 2025. Reuters | November 8, 2022 | 9:11 am
Codelco says maintenance at Chuquicamata smelter to last 135 days Chuquicamata's smelter was previously halted in December 2018. Reuters | November 8, 2022 | 8:25 am
Mosaic third-quarter profit more than doubles Fertilizer companies such as Mosaic have benefited from a supply shortage as sanctions on Russia and Belarus. Reuters | November 8, 2022 | 8:19 am
Australian mining magnate Forrest calls for ban on seabed mining Fortescue Metals executive chairman Andrew Forrest is the first prominent mining executive to speak out against the nascent industry. Reuters | November 8, 2022 | 8:07 am
Codelco proposes 33% price hike for Chinese copper buyers for 2023 Last month, Codelco raised its premiums for sales to Europe to a record $234 a tonne for 2023, up 83% from 2022. Reuters | November 8, 2022 | 7:52 am
Zimbabwe’s new mineral royalty policy comes into force The government plans to start collecting half of the royalties from gold, diamonds, platinum group metals, and lithium. Reuters | November 8, 2022 | 7:45 am
Harmony Gold reports mine fatality at Tshepong North mine The accident took place on Nov. 7 and internal investigations are underway. Reuters | November 8, 2022 | 7:41 am
After unveiling French project, Imerys sees lithium potential in UK’s Cornwall Imerys announced in late October a plan to produce around 34,000 tonnes of lithium hydroxide annually for at least 25 years from 2028. Reuters | November 7, 2022 | 11:25 am
Moody’s says India a bright spot in global steel demand India, the world's second-largest crude steel producer, posted 11.4% growth in finished steel consumption during April-October to 65.5 million tonnes. Reuters | November 7, 2022 | 9:25 am
Coal India profit soars as shortages drive demand and prices Company reported a two-fold jump in its second-quarter profit as demand and prices surged. Reuters | November 7, 2022 | 7:54 am