Sibanye may seek $500m via metals prepayment deals to boost cash The precious metals producer saw profits tumble $2 billion last year due to lower metal prices and a reported $2.6 billion of impairments. Reuters | April 10, 2024 | 5:31 am
Amplats says it has received no credible offers for South African assets Parent company Anglo American prompted the speculation in February when CEO Duncan Wanblad said "nothing is off the table". Reuters | April 10, 2024 | 5:25 am
Gold’s rapid ascent isn’t over yet, fund managers say In New York’s Comex gold futures market, money managers are placing more bullish bets on gold. Bloomberg News | April 10, 2024 | 3:57 am
Polish government drops coal merger idea, considering mines tie-ups instead The previous government planned to create one large state-owned company that would pool the assets of power plants generating energy from coal. Reuters | April 10, 2024 | 3:46 am
Silvercorp sells stake in Orecorp to Perseus Mining Silvercorp is selling its 15.6% stake in OreCorp to Perseus Mining, which is poised to take control of the Africa-focused explorer by the end of next week. Cecilia Jamasmie | April 10, 2024 | 3:29 am
Brazil Potash gets state license for Autazes project The company intends to invest $2.6 billion to establish the mine. Bruno Venditti | April 9, 2024 | 12:25 pm
Australian magnate Rinehart takes stake in MP Materials MP Materials is the biggest producer of rare earths in the United States. Reuters | April 9, 2024 | 11:57 am
Outflows from gold ETFs slowed in March Global gold ETFs saw outflows of $823 million in March, down from an outflow of $2.9 billion in February. Reuters | April 9, 2024 | 11:05 am
BHP set to dethrone Codelco as world’s biggest copper producer As long as BHP’s giant Escondida mine in Chile continues to step up production, the Australian company will nudge past Codelco this year. Bloomberg News | April 9, 2024 | 10:50 am