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Africa
IronRidge Resources becomes member of European Battery Alliance
Australia’s IronRidge Resources announced that it has been accepted as a member of the European Battery Alliance, an organization committed to driving a competitive...
China Moly’s H1 cobalt production down 24%
China Molybdenum Co., one of the world’s biggest cobalt producers, saw its output of the battery metal fall 24% year-on-year in the first half,...
AngloGold, Barrick to sell 80% of Morila mine in conflict-ridden Mali
AngloGold Ashanti and partner Barrick Gold are selling their 80% stake in Mali’s Morila gold mine amid political uncertainty in the country still reeling...
Friedland’s Nimba iron ore project to get World Bank backing
The World Bank is said to be mulling a $135 million investment in the proposed Nimba iron ore mine in southeastern Guinea, which is...
Investors who missed gold rush pile into platinum funds
Platinum holdings in exchange-traded funds have surged to a record, raising the prospect of a catch-up rally for the precious metal after months of...
Gold advances as investors weigh Fed’s new approach on inflation
Gold climbed as investors weighed the impact of the Federal Reserve’s new approach to setting US monetary policy, with a more relaxed stance on...
Rhodium price on track for new record as mine output plummets
The price of rhodium has been on a stomach-churning ride this year, rocketing from $6,050 an ounce at the start 2020 to a record high of...
Wage talks with Kumba Iron Ore hit deadlock, union says
South Africa’s National Union of Mineworkers (NUM) on Wednesday said that wage negotiations with Kumba Iron Ore, owned by Anglo American, were deadlocked and...
De Beers cuts diamond prices after covid-19 curbs demand
De Beers has finally decided to cut the price of its diamonds in a bid to spark sales after the coronavirus pandemic paralyzed the...
Glencore makes U-turn to back artisanal mining of cobalt
Glencore Plc, the top cobalt producer, backed a new initiative to support informal miners in the Democratic Republic of Congo as the industry tries...
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