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Africa
Copper price flies high, but further out forecasts are grim
Copper was once again approaching the pivotal $10,000 a tonne level on Tuesday, jumping to over $4.50 a pound or $9,940 a tonne in New York...
Diamond stash worth billions sold off after demand roars back
The diamond industry’s collapse last year left the biggest producers with billions of dollars of uncut gems stashed away in safes. Now, in a...
Miners seek gold under the desert sands after Egypt changes rules
Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that seeks eventually to unlock...
Debswana to plow US$6bn on giant underground diamond mine
Debswana Diamond will spend 65 billion pula (US$6 billion) to build the world’s largest underground diamond mine at Botswana’s Jwaneng, which is already the...
New law would allow Uganda to take stakes in private mining
Uganda’s cabinet has approved a draft mining law that would allow the government to own shares in private mining operations and impose steep penalties...
Iron ore price hits 10-year high on rising steel demand
Iron ore prices continued to climb on Friday despite concerns over environmental restrictions in China.Tangshan, China’s top steelmaking city, said last month it will punish...
Goldman doubles down: Record-high copper price within a year
Copper is trading more than $800 per tonne below the near-decade high hit in February, and some of the ardour of copper price bulls...
Miner killed in accident at Gold Field’s South Deep
Gold Fields (JSE, NYSE: GFI) announced Tuesday that an employee at its South Deep mine in South Africa lost his life in a mining...
Robert Friedland: Copper is a national security issue
Copper is so crucial in electrifying the global economy that finding enough of it has become a national security issue, according to mining magnate...
Artisanal miners could help Congo’s state-owned company become world’s fourth-largest cobalt producer
Congo’s Entreprise Générale du Cobalt (EGC) could become the world’s fourth-largest cobalt producer in 2021, a new Roskill report states.
According to the market analyst, if the state-owned company...
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