Global cobalt production capacity expected to be cash positive in 2021 – report

As the company’s former business partner and new President Cyril Ramaphosa promises an economic recovery, Glencore is reaping profits.

The $575-million figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it sold last month.

South African units of Jindal Steel & Power Ltd. filed for a local form of bankruptcy protection known as business rescue this month.

Part of the Indian Ocean island nation’s plan to become a financial gateway to Africa.

Strong demand growth will be largely focused on high-grade lithium, according to research firm Roskill.

Barrick, which has been negotiating on Acacia’s behalf for over a year, had said it would deliver a deal for Acacia’s board to vote on by the end of June, but now says talks are ongoing and it has backed away from setting a new deadline.

The US-based miner, however, cannot directly negotiate wages and other benefits with its subcontractor’s employees.

The Minerals Council “will make a comprehensive submission” to the Department of Mineral Resources and participate fully in a summit planned for July.

Miners area are teaming up to develop one of Ghana’s newest gold mine, the Asanko Gold Mine (AGM), located in the Ashanti Region.