Africa

Study: Copper surplus likely to push price down to $2.75 a pound

Frik Els | April 8, 2014
Study: Copper surplus likely to push price down to $2.75 a pound

The closely-watched Thomson Reuters GFMS annual copper survey paints a grim picture for the copper price in 2014 and beyond.

Looking for 1,000% gains? Resource investor Oliver Gross has some junior mining names for you

The Gold Report | April 2, 2014

The bottom is in, declares Oliver Gross of Der Rohstoff-Anleger (The Resource Investor), and the bulls are ready to charge.

Vale halts Mozambique coal shipments after rebel attack on train

Frik Els | April 2, 2014
Vale halts Mozambique coal shipments after rebel attack on train

Former rebel group blamed for attack on crucial railway line that serves Vale and Rio Tinto's coal mines.

Anglo American considers closing platinum mines in South Africa

Cecilia Jamasmie | April 2, 2014
Anglo American considers closing platinum mines in S. Africa

The now three-month strike over pay in the country's platinum belt has forced Amplats to declare a force majeure on a long list of suppliers.

BHP bullish on coal demand, but says prices to remain weak

Cecilia Jamasmie | April 2, 2014
BHP bullish on coal demand, but says prices to remain weak

The mining giant believes demand for coal to keep growing over the next 20 years, driven mainly by China and India.

BHP Billiton mulls spinning off non-core divisions into $18bn firm

Cecilia Jamasmie | April 1, 2014
BHP Billiton mulls spinning off non-core divisions into a $18bn firm

The separate company would be listed on the London Stock Exchange, as well as the Australian and South African markets.

Kinross cuts Tasiast expansion costs by $1.1 billion

Frik Els | March 31, 2014
Kinross cuts Tasiast expansion costs by $1.1 billion

Toronto gold miner won't make final decision on expansion project before 2015.

Vale could lose all of its Simandou investment

Frik Els | March 31, 2014
Vale could lose all of its Simandou investment

Brazilian giant Vale acquired the interest in Simandou deposit in Guinea from BSGR for $2.5 billion in 2010, but stopped payments after the first $500 million was forked over.

Mick Davis scores $3.75 billion to build new mining empire

Cecilia Jamasmie | March 31, 2014
Mick Davis has got $3.75 billion and is ready to build a new mining empire

The former Xstrata boss is already hunting for mining deals.

Former mining tycoon goes on trial over mafia gang in China

Cecilia Jamasmie | March 31, 2014
Former mining tycoon goes on trial over mafia gang in China

Liu Han is accused of running a criminal network to build his fortune.

South Africa: Platinum, gold miners and workers are stuck – Nick Holland, Gold Fields

Sprott Group | March 28, 2014

The real issue in South Africa is that there is a very big gap in incomes.

Randgold targets higher gold output, gives CEO 36% pay rise

Cecilia Jamasmie | March 28, 2014
Randgold targets higher gold output, gives CEO 36% pay rise

Under founder and CEO Mark Bristow's leadership, the gold miner has grown to have a market value of $7bn and become the U.K.’s biggest gold producer.

Coking coal price crashes through $100

Frik Els | March 27, 2014
Coking coal price crashes through $100

Spot Australian coking coal export price in single digits for the first time and contract prices at 6-year lows.

Southern African miners at high risk of dying from tuberculosis — report

Cecilia Jamasmie | March 27, 2014
South African miners three times more at risk of dying from tuberculosis — report

The frequency of TB among mineworkers is ten times higher than the level of a health emergency as defined by the World Health Organization (WHO).

Oilprice.com

Small oil companies eye huge prize in Ghana

Oilprice.com | March 26, 2014

West Africa's emerging hotspot of Ghana is one of the best indicators of how the oil and gas playing field is undergoing a major transformation.

Lonmin management told to take leave as platinum strike goes on

Cecilia Jamasmie | March 26, 2014
Lonmin management told to take leave as platinum strike goes on

Earlier this month the company said it would not hit its sales guidance of 750,000 ounces of platinum annually, as it has already lost 90,000 ounces since the strike began.

Diamond dealers under threat in Central African Republic

Ana Komnenic | March 25, 2014
Diamond mining in CAR

Rough diamonds are one of the country's biggest exports.

Frik Els

World's top fund manager: relax about emerging markets

Frik Els | March 25, 2014
World's top fund manager: relax about emerging markets

But dependence on China makes today's emerging market turmoil different from other periods.

Iraq buys 36 tons of gold, largest amount in three years

Cecilia Jamasmie | March 25, 2014
Iraq buys 36 tons of gold, largest amount in three years

Its total reserves stand now at 65.8 tonnes, making it the 43rd biggest official sector bullion holder in the world.

South Africa platinum strike damage irreversible, losses close to $1bn

Cecilia Jamasmie | March 25, 2014
South Africa platinum strike damage irreversible, losses close to $1bn

Platinum miners said the financial cost of the strike doesn’t really tell the full story, as the real victims are those suffering from hunger, lack of businesses and increased violence on the streets.

Five reasons the platinum price should take off

Frik Els | March 24, 2014
Five reasons the platinum price should take off

Stats like platinum-backed ETF holdings surging to a record high have so far failed to move the price. Speculators are betting that's about to change.

Diamond prices spike whet De Beers appetite for new markets

Cecilia Jamasmie | March 24, 2014
Diamond prices spike whet De Beers appetite for new markets

The diamond giant expects to secure exploration rights in Angola before the end of the year.

Some gold miners getting back on track: Ed Bowie, Altus Capital Ltd.

Sprott Group | March 21, 2014

Although substantial external downside risks remain in the sector, the most competent and well-run of the major miners are now becoming much more attractive.

Palladium price soars on South Africa strikes, Russia tensions

Frik Els | March 21, 2014
Palladium price soars on South Africa strikes, Russia tensions

Precious metal hits two-and-half-year high over supply uncertainty from top producing countries.

Miners among most productive, happiest workers in the world: study

Cecilia Jamasmie | March 20, 2014
Miners among most productive, happiest workers in the world: study

Reveals cross-industry survey, which analyzed responses from over 30,000 professionals.

Geopolitical events boosting these American stocks

Daily Gains Letter | March 19, 2014

When it comes to Wall Street, oil isn’t the only commodity investors are seeking stable supplies of—you can add platinum to the list.

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