Hedge funds are hoarding cobalt amid battery metal slump

Cobalt futures trading has taken off on CME Group’s Comex exchange, creating a way for traders to hedge their physical positions in the newly liquid futures market.

Bloomberg News | July 1, 2024 | 10:03 am

Court approves billionaire Agarwal’s plan to reclaim Zambia mine

Vedanta now needs to follow the court ruling by releasing $250 million to settle debts that KCM owes to contractors and suppliers.

Bloomberg News | June 29, 2024 | 9:22 pm

Lithium price surge unlikely to return: Fitch

Outlook is reshaping the industry landscape, presenting opportunities and challenges for major producers and junior developers.

Henry Lazenby - The Northern Miner | June 28, 2024 | 9:41 am

Botswana GDP shrinks most since 2020 as diamond output plunges

Real value added of the diamond traders and mining & quarrying industries were down 46.8% and 24.8% respectively.

Bloomberg News | June 28, 2024 | 9:35 am

Vedanta set to regain control of Zambia copper mine

Billionaire Anil Agarwal’s firm is ready to pay $250 million to settle debts owed by the Konkola mine.

Bloomberg News | June 28, 2024 | 9:03 am

China’s Norinco agrees to buy struggling Congo cobalt miner Chemaf

The deal with Norin Mining will enable Chemaf to settle its debts.

Reuters | June 27, 2024 | 7:43 am

AngloGold boosts investment in Brazil as it mulls Corrego’s fate

While it is investing $198m in the country this year, AngloGold may still sell its Córrego do Sítio gold complex.

Staff Writer | June 27, 2024 | 7:15 am

Petra Diamonds cuts targets and costs in tough market

Petra plans to cut operating costs by $30 million a year from the fiscal year ending June 30, 2025, while reducing spending to $100 million.

Cecilia Jamasmie | June 27, 2024 | 3:49 am

Trafigura clinches share of major zinc deal snubbed by Glencore

Production from Ivanhoe's Kipushi zinc mine in Congo will now be split between several new buyers.

Bloomberg News | June 26, 2024 | 9:59 am

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Harmony targets first copper from Australia mine by 2028

Gem Diamonds finds 122-carat stone at Letšeng mine

Liberia conditionally lifts shutdown order on China Union’s iron ore mines

Allied Gold inks decade-long deal with Mali junta

Ivanhoe Mines’ Kamoa-Kakula achieves record copper production in August

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