Implats earnings up nearly 400% on weak rand, costly metal

This rise happened due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity.

Strengthening commodity prices have spurred investors to push Sherritt’s bonds up, but skepticism is still reflected in the yield of nearly 11 percent.

Deal provides the diamond giant with access to a production base outside Russia.

With the friendly takeover First Majestic gains Primero’s flagship asset, the San Dimas silver-gold mine, located in the state of Durango.

This is the ninth consecutive year the Canadian miner achieves record annual gold production.

The nation, responsible for about two thirds of global output, plans to increase tax on cobalt to 5% from 2%.

The Egypt-focused gold miner also expects solid growth this year. It’s targeting 580,000 ounces in production, up from an estimate of 550,000-560,000 ounces.

The World Bank-supported mining legislation was introduced to attract investment into copper and cobalt projects from global miners including Glencore Plc, Freeport-McMoRan Inc. and China Molybdenum Co. Gécamines claims country has not benefited from it.

Move aims to curb unrest around Anglo American's most profitable platinum mine — Mogalakwena.