Jervois Global blames Chinese overproduction for job cuts
The cobalt and nickel producer has axed or made part-time 30% of its senior corporate management roles.
The cobalt and nickel producer has axed or made part-time 30% of its senior corporate management roles.
The miner also expects to secure authorization to sell more than 120,000 metric tons of copper concentrate stored near a port.
CEO Neal Froneman said Sibanye may consider a capital raise if the lower metal prices persist for longer.
Cheap Indonesian nickel, controlled by China and dumped on the market, has collapsed nickel prices and forced global mine closures.
Rio Tinto is developing the Rincon project, a lithium-brine mine in Argentina.
Decision to fast-track one of the shafts refurbishment would allow Cornish Metals to complete the mine dewatering process by Q3 2025.
David McCall is one of the most crucial voices that can help decide the fate of Nippon Steel’s proposed takeover of the storied United States Steel Corp.
Platinum prices fell due to weaker growth in China and destocking by manufacturers post-Russia-Ukraine invasion.
Decisions to mothball loss-making operations could be made within the next six months.
The company said it expected lithium sales volumes to increase 5%-10% this year.