While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.
Africa Mining News
Four employees were attacked by unknown assailants.
The company had halted production in June following a government inspection that led to a row over work permits, but work resumed in August.
The company said its proposed Tongo-Tonguma mine economic evaluation demonstrates robust financial returns for a modest capital requirement.
Still, the world’s biggest diamond producer by value said the auction was better than it had expected.
Strikers at top South African platinum producer enter two-year wage deal.
Vincent Benoit will assume the newly created position of Executive Vice President, Chief Financial Officer and Corporate Development effective November 1.
Livia Mahler and Olivier Colom were appointed as independent non-executive directors.
The Ubika Mining 20 Index (UM20) fell 2.8% over the past month, slipping more than the TSX Venture composite, which was down by 0.7%. The TSX Mining Index, meanwhile, rose 3.1% over the same period.
Och-Ziff’s partner in Congo paid $100 million in bribes to local authorities over a 10-year period to secure access to mining assets. Bloomberg quotes an anonymous source saying Dan Gertler is that partner.
The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.
Vale reworks agreement with Japan's Mitsui that could breathe new life into $4.4 billion expansion of Moatize mine and railway in Southern African nation.
Key violations in the Och-Ziff case came in mining and oil and gas deals associated with Israeli billionaire Dan Gertler and DRC president Joseph Kabila.
Companies had no choice but to cut back on new developments, re-focus on profitable production rather than maximum production and to save costs.
The country is poised to becoming the world’s third largest producer of the commodity, as the massive Husab mine begins production in October.
Despite continued investment in copper assets on the continent from China and India hunting for coal mines.
A credit upgrade, a rocketing share price and rally in coal and iron ore call into question downsizing strategy of world's number five miner.
The outcome of negotiations in Algeria this week may not do much to rescue oil prices.
Lundin was outplayed in its last major deal, but now looks ready to pull the trigger on $1 billion-plus acquisition of one of Africa's richest copper mines.
The government will conduct a year-long airborne survey to map mineral deposits.
African miner sticking to full year guidance of 780,000 ounces following plant shutdown amid majority owner Barrick's divestment talks.
Large-carat diamonds just keep coming.
The Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) has failed for the first time to produce its state o accounts for March 31, this year due to non availability of information from investor companies, according to the company secretary's office Friday.
After a difficult first half, Nord Gold's now set up for over 1.2moz per year after start-up at Bouly mine in West Africa and major Russian development.
According to Ivanhoe, the latest results reinforce the exceptional grades and shallow, flat-lying geometry of the Kakula mineralized zone.