U.K.-listed Anglo Pacific PLC (APF.LN ) is a rare breed for a mining sector-focused company. It's primary business isn't running a mine or owning a deposit, but securing royalties from a mine's revenue stream and in turn providing long-term, secure revenue streams for its shareholders.
Walter Energy Inc. tempered its fourth-quarter earnings guidance and lowered its estimate of output for the year, pointing to production problems in Alabama and weak results from some new startup projects.
Anglo American PLC , which last week bought the Oppenheimer family out of diamond producer De Beers, will not look to buy out minority shareholders in its other African mining operations, The Sunday Times reports, citing the company's chief executive officer.
Acute power shortages will continue in parts of China in the upcoming winter and spring seasons, particularly in the southern and central regions where most of the country’s hydropower power stations are located, an energy official told a press conference Saturday.
Cecil John Rhodes: Founder of the mining group De Beers; advocate for British colonialism; founder of the state of what is now modern-day Zimbabwe; and largely credited with establishing the diamond industry. At one point, De Beers controlled 90% of the