Kumba to invest further $428 million in iron ore processing plant upgrade The new technology is expected to increase the volume of premium iron ore to about 55% of its flagship Sishen mine’s production. Reuters | August 29, 2024 | 9:55 am
Botswana’s ODC seeks $300 million loans for diamond purchases ODC currently gets 25% of its production from Debswana, a joint venture between Botswana and De Beers. Reuters | August 29, 2024 | 9:36 am
Ghana to launch ‘monster mines’ to boost gold production The African nation will commission its first large-scale greenfield mine in more than a decade in November. Reuters | August 29, 2024 | 9:25 am
US mineral projects close down government loans in fear of Trump Under President Biden's Loan Programs Office, the US Department of Energy has granted nearly $25 billion to 21 companies. Reuters | August 29, 2024 | 8:10 am
LME open-outcry trade lives on as SocGen quit sparks no rush for exits The future of ring trading on the London Metal Exchange looks assured for now. Reuters | August 29, 2024 | 8:02 am
MinRes won’t undertake more lithium M&A in next year given low prices The miner said it is highly unlikely to take on further buyouts in the next 12 months. Reuters | August 28, 2024 | 5:45 pm
Rusal’s first-half profit jumps 42% on lower costs Rusal, which operates in Guinea, Jamaica, Ireland and Sweden apart from Russia, has been under pressure from the fallout of Western sanctions. Reuters | August 28, 2024 | 5:32 pm
South32 hunts for copper as it returns cash to shareholders Underlying earnings came in at $380 million, compared with $916 million a year ago. Reuters | August 28, 2024 | 3:31 pm
Madagascar’s Ambatovy nickel project companies file restructuring plan Sumitomo owns a 54.2% stake in the project companies. Reuters | August 28, 2024 | 8:54 am
Column: China fires latest warning signal with antimony controls China's announcement of antimony export restrictions has added fuel to a red-hot market. Reuters | August 28, 2024 | 8:05 am
Mineral Resources posts annual profit slump on weaker lithium prices Mineral Resources reported a nearly 80% slump in its annual profit on Wednesday. Reuters | August 28, 2024 | 7:21 am
Senegal suspends mining to protect Faleme river Senegal has suspended all mining activity for nearly three years on its side of the southeastern Faleme river. Reuters | August 28, 2024 | 7:17 am
