The West African nation has already canceled or suspended permits for assets that were not operational.

Vedanta is reviewing the ruling and will then make a decision on its next steps.

Glencore reported a 32% drop in first-half core profit on Wednesday, sending its shares to their lowest since late 2016.

After a 50% drop in prices this year, cobalt has turned toxic for Glencore.

The diamond received a D color rating, meaning it’s colourless and extremely rare.

Across Africa and the developing world, local groups are increasingly mounting legal challenges against companies extracting minerals.

The new code is intended to improve conditions for companies and increase revenue for the state.

The number of greenfield exploration projects drilled dropped from 33 in March to 16 in June, which is the lowest level since the beginning of 2019.