While iron ore prices have climbed 90% in the last year to over $80 a tonne, the sale of Kumba would prove prudent for Anglo's long-term outlook, given its high debt load, BMI analysts say.
Europe Mining News
Metso to support WWF Finland's work to protect Saimaa ringed seal and John Nurminen Foundation's Baltic Sea protection work
Metso has signed a sponsorship agreement with WWF Finland and the John Nurminen Foundation. Metso's support will be focused on the WWF's Saimaa ringed seal conservation work and on the John Nurminen Foundation's projects intended to improve the state of the Baltic Sea.
Gold last up at $1,242.20 an ounce, after hitting $1,245.40 earlier in the day.
Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.
The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.
The Madhya Pradesh government will take ownership of the assets, including all the land, plant, equipment, and diamond samples recovered during exploration.
The 67.87-carat gem quality octahedron diamond, unearthed during production ramp-up, is the largest of its kind recovered to date at the remote mine.
New report shows 2016 inflows into gold ETFs in the US in Europe increased to second highest on record, but all other sources of demand dropped sharply.
Metso Corporation's stock exchange release on February 3, 2017 at 8:30 EET
The US Securities and Exchange Commission is reconsidering the rule, which requires companies to trace and report whether their products contain minerals from a war-torn part of Africa.
The miner, Africa's largest iron ore producer, will pay R2.5 billion, considerably less than the original R6.5 billion it had been asked to cough up.
Metso distributor in Ireland, McHale Plant Sales, has had their role on behalf of the Finnish crushing equipment manufacturer extended, little more than one year after they were first appointed distributors for the brand in Ireland.
Coal consumption had been cut by 73% since 2006, Dong Energy said, and its power stations would replace the fossil fuel with sustainable biomass.
Coal generation in Europe is falling and will continue to do so due to competition from cleaner energy sources and governments efforts to cut emissions, a study by The Economist Intelligence Unit (EIU) shows.
Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.
Metso introduces a community-friendly Lokotrack® UrbanTM series to enable safe rock crushing in cities
Metso Lokotrack® UrbanTM seriesmobile crushing plant revolutionizes crushing in densely populated environments, such as city centers. The new solution simplifies crushing operations, incorporates significant noise protection and cuts dust emissions remarkably, minimizing the impact for people living and working around construction sites.
While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"
It has decided not to finance any greenfield thermal coal mining or coal-fired plants and it will also reduce its existing exposure to the sector.
The private space exploration firm has enough money to hit the moon by the end of 2017.
Spot gold climbed 0.4% to $1,200.00 per ounce in early trade, while April Comex bullion was last up $10.20 an ounce at $1,206.30.
The project, which has existing infrastructure, a camp and a diamond processing plant in place, is located just 5km from Letšeng, the highest dollars-per-carat kimberlite diamond mine in the world.
Rainbow Rare Earths plans to restart the Gakara mine, which operated for 30 years until 1978, and that still holds high grade of the coveted elements.
Only Africa and Oceania bucking the trend says new study.
The decision means the $210 million arbitration against the Kyrgyz Republic will advance to the merits stage, the Canadian junior said.
The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.