Gemfields has been at the centre of a bidding war between the South African private equity group and Fosun Gold, a unit of Fosun International.
China Mining News
The company has chosen to sell its Hunter Valley coal mines to China-backed Yancoal, but shareholders will decide.
Chinese steel mills are turning their backs on India and embracing Australia as a source of higher-grade ore for steelmaking.
Iron ore's demand-driven price surge last year is increasingly looking like an aberration as supply factors once again start to weaken the price outlook.
Fresh bid is far better than the $2.55bn it offered earlier this month and considerably more than the $2.45bn offered by Yancoal, the Chinese-backed miner that is Rio’s preferred buyer.
Coal India, responsible for about 82% of the nation's total coal output, said the closures would save around 8 billion rupees ($124 million).
South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.
The acquisition would make of Yancoal Australia’s largest pure-play coal producer.
Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.
The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”
It’s a buyer’s market—if you know what you’re looking for.
Global coal production is down record amounts thanks largely to China, BP's chief economist said Thursday, and coal's probably not coming back.
It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.
Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.
China, the world's largest energy consumer, burned the least coal in six years.
Chinese-owned Yancoal has signalled it may raise its bid for Rio Tinto's Hunter Valley coal assets, after striking the agreement with Mitsubishi to buy its stakes in the same mines.
Cyclone Debbie forcing Asian steelmakers to diversify supply – Mozambique could be big beneficiary.
Coal shipments from North Korea to China fell from 1.4 million tonnes, worth $126 million, in January to zero in April.
Chinese demand for refined copper up 30% in May while falling concentrate imports point to tight supply.
Fortescue’s Power says rebar prices have jumped after closures
The group of 31 people arrested over the weekend at the copper-mining town of Chingola, includes a pregnant woman and two other people with malaria.
Top Chinese gold producer Shandong Mining will have to arrange financing before unlocking its half of the Veladero mine in Argentina.
Up 2% on Friday as traders weigh impact of outage at BHP's largest iron ore mine in West Australia.
Steelmaking material dropped to $57.02 a tonne, marking a fresh seven-month low, as large stockpiles continue to weigh on the market.
Iron ore's transformation from a relic of the industrial age to the driving force behind a commodity supercycle that reshaped the global economy.