Nigeria awards mining exploration contract to 10 mining, consulting firms

Nigeria, Africa's top crude oil producer, is aiming to diversify its economy by developing other industries such as mining through various incentives.

Reuters | November 27, 2018 | 10:59 am

S. African minister unhappy with Gold Fields after job talks

Most workers at Gold Fields' struggling South Deep mine have been on strike since Nov. 2 over the company's plans to cut around 1,100 jobs, or 30% of its workforce.

Reuters | November 27, 2018 | 9:46 am

La Mancha plans to expand its African footprint, buy Barrick gold mines

La Mancha is a private gold company with investments in Toronto-listed Endeavour Mining, Australia's Evolution Mining and Ghana-focused Golden Star Resources.

Reuters | November 27, 2018 | 9:37 am

China iron ore hits 4-1/2-month low, steel market under pressure

As steel prices slid, Chinese mills ran up losses for the first time in three years this month, ending years of solid profit margins.

Reuters | November 27, 2018 | 9:23 am

Zimbabwe sees no radical change for platinum, diamond ownership

Minister of Mines and Mining Development, Winston Chitando told Reuters there would be "no change" for diamonds and platinum when asked about industry speculation the indigenisation rules could be relaxed further.

Reuters | November 26, 2018 | 12:00 pm

China’s steel slides into bear market; iron ore, coal hit by selloff

China's steel prices tumbled more than 5% to a five-month low as persistent worries over weaker demand pushed the sector into a bear market, sparking a selloff in raw materials iron ore and coking coal.

Reuters | November 26, 2018 | 10:52 am

Former Grupo Mexico workers plan to block copper mine access

The planned industrial action is part of a longstanding dispute after Grupo Mexico fired the mine's workforce and reopened it in 2010.

Reuters | November 26, 2018 | 10:45 am

Goldman predicts commodities will soar in 2019 as oil, gold climb

Many of the political uncertainties weighing on commodity markets have a significant chance of being addressed in Buenos Aires.

Reuters | November 26, 2018 | 9:58 am

Rio Tinto leads copper charge into Western Australia’s Paterson region

Rio's interest in the area has sparked a stampede into adjacent lots by other explorers, who see Rio's aggressive activity as an indicator of a highly promising find.

Reuters | November 26, 2018 | 9:38 am

Saudi Arabia targets $64B in mining revenue by 2030

Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.

Reuters | November 26, 2018 | 9:06 am

New Barrick CEO eyes miners’ alliance to fix Tanzania tax row

The alliance strategy saw little success in the Congo.

Reuters | November 26, 2018 | 1:32 am

Oil heads for seventh weekly loss on signs of global supply glut

Demand for Saudi crude may be lower in January compared with December - Khalid Al-Falih

Reuters | November 23, 2018 | 9:42 am

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