The platinum producer has started a process that’s required under South African labor law to carry out the workforce reductions.
Sibanye Gold reiterated that its increased offer for Lonmin is final, but kept its option open to sweeten the deal for the platinum producer should a rival bid emerge.
Copper is slumping toward a three-month low even after Zambia moved closer to nationalizing some of its mines.
A surprise election victory for Australia’s pro-coal ruling Coalition is ratcheting up pressure on the Queensland state government to approve development in one of the biggest untapped reserves of the fossil fuel.
Underpinning investor confidence are the country’s vast mineral riches.
Caracas sold about 9.7 tons of gold on May 10 and an additional 4 tons three days after, sources said.
The threat marks an escalation in tensions between the mining industry in Africa’s second-biggest copper producer and the state, after an increase in royalties and plans to introduce new taxes.
Michael Willoughby has been named co-head of metals and mining for the region at Standard Chartered and will be based in Singapore, sources said.
If successful, talks will see him move to develop the Nimba deposit on Guinea’s border with Liberia, which has sat undeveloped for years.
Recent blazes involving Tesla Inc. and NIO Inc. cars in Greater China are prompting the industry to take steps to alleviate concerns from potential customers.
Shares of Iamgold were halted in Toronto after climbing as much as 11%, valuing the company at about C$1.7 billion ($1.2 billion).
The drama surrounding the rescue of two men trapped in an Australian gold mine in 2006 has unearthed an unlikely star -- Bill Shorten, a union leader who’s now poised to become the nation’s prime minister.
Zimbabwe’s biggest gold producer sued the country’s central bank for $132m because it has been paying for the metal in a local quasi-currency rather than US dollars.
Purchasing ArrMaz Custom Chemicals Inc. will add a portfolio of defoamers and other so-called surfactants also used in road construction and agrochemicals.
A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers.
Prices of the metal mostly used in autocatalysts are off to the best start to a year since 2016 as investors flock back to exchange-traded funds.
Investors are standing by for a fresh bout of market turmoil as President Donald Trump turns up the heat on Beijing over trade.
Should governments install tougher policy in the push for cleaner technology, emission-intensive companies will increasingly struggle to compete.
Coal’s use to generate electricity has declined precipitously in the U.S. despite a revival push by President Donald Trump.
Just after midnight on Friday, the U.S. slapped a 25% tariff on about $200 billion of Chinese goods, up from 10%.
The comments coincide with government plans to review existing conservation areas amid growing pressure from mining and agriculture lobbies.
Scientists agree coal is choking the planet—so why is it so hard for governments to ditch?
Sibanye faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.
Companies have to do more to push gender diversity, according to Cynthia Carroll, former CEO of Anglo American Plc.
South African gold production shrank for an 18th straight month in March, extending the longest run of contractions since the financial crisis.