African Potash stock up on fresh potash finding in Congo
The miner intersected multiple potash seams at the second exploration drill hole at its Lac Dinga potash project.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Citibank acquires Deutsche commodities trading book
Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.
Chile’s Codelco to seal $1 billion deal with the UK
The giant copper miner is also planning to sell about $8 billion of bonds over the next five years to help finance a nearly $30bn investment program aimed to revamp its aging mines.
India diamond merchant boss gives 500 cars, 200 apts to employees
He has also insured 280 employees who have been with the company for more than a decade to the tune of $160,000 each.
Russian diamond giant Alrosa Q3 output falls
The miner's total diamond production for the quarter reached 9.7 million carats, slightly down from 9.9 million carats in the same period last year.
China sets tougher restrictions on illegal mining, exporting of rare earths
Beijing has launched a five-month campaign that aims to finally crackdown on illegal extraction and smuggling of the coveted elements.
Polish coal miner slashes production forecast amid restructuring
Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.
Hundreds strike at Glencore’s coal mine in South Africa
Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.
TECO Energy sells coal subsidiary for $170 million
The sale price includes future payments of $50 million if certain coal benchmark prices reach specified levels over the next five years.
Peabody swings to loss as coal prices plunge
While coal sales have shown some signs of a rebound, low natural-gas prices continue to pressure the fossil fuel demand and pricing.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
