DRDGold reports 22% profit fall as costs rise Production totalled 183,902 ounces, little changed from 183,999 ounces a year earlier. Reuters | August 24, 2022 | 10:12 am
Russian seaborne coal exports halted by EU ban Russia is one of the world’s top three coal exporters, controlling about 17% of the global shipments. Bloomberg News | August 24, 2022 | 10:06 am
Gold price wavers as traders weigh outlook for Fed tightening path Investors are assessing how aggressively the Fed can continue hiking rates in the face of mounting risks to growth. Bloomberg News | August 24, 2022 | 9:32 am
Aluminum price climbs on supply snags, but grim demand outlook weighs Around 1 million tonnes of aluminum capacity has been taken offline in Europe. Reuters | August 24, 2022 | 8:27 am
Chinese nickel trader Lygend readies $1 billion IPO launch Lygend is the latest producer of battery raw materials to ride on the electric vehicle boom to raise funds in Hong Kong. Bloomberg News | August 24, 2022 | 8:18 am
Maritime releases positive feasibility study results for Hammerdown gold project Over an estimated five-year life, the Hammerdown mine would produce a total of 247,000 oz. of gold, averaging 50,000 oz. annually. Staff Writer | August 24, 2022 | 8:12 am
Coal stock that’s up 300% gets Morgan Stanley price target boost Thungela Resources is the best-performing stock in Johannesburg this year. Bloomberg News | August 24, 2022 | 8:09 am
Polyus issues bonds in Chinese yuan The move comes weeks after Rusal tapped the yuan bond market on the Moscow Exchange. Reuters | August 24, 2022 | 8:00 am
Turquoise Hill shares surge after Rio Tinto sweetens takeover bid Turquoise last week rejected an offer by Rio Tinto for $2.7 billion. Reuters | August 24, 2022 | 7:56 am