February 6, 2020

LME to keep open-outcry closing prices after electronic trial

During a consultation period, some LME users said it was difficult to obtain guaranteed execution against closing nickel prices when the electronic system was used

February 6, 2020

Harmony Gold Mining forecasts first-half profit

Production in the half-year, however, slipped 8% due to lower grade of metal it recovered.

February 6, 2020

Coronavirus hits copper trade as China asks Chile to defer cargoes

While suppliers haven’t reported any contract breaches, they have verbally agreed to delay shipments due to port shutdowns.

February 5, 2020

Ghana plans to sell $750 million of shares in mining royalty fund in March

The fund will be listed in London and will pay dividends from mining agreements

February 5, 2020

Cobalt price rebounds on Beijing stockpiling talk

Battery cobalt prices jump by more than 10% in January – too soon to assess coronavirus impact on China-Congo supply.

February 5, 2020

Angola’s state-owned diamond mining company preparing for IPO

Endiama EP plans to sell as much as 30% of its shares in public offering in 2022

February 5, 2020

Peabody Energy posts huge loss on weak coal fundamentals

It said that macro industry conditions, including a mild Northern winter, low natural gas prices, as well as trade and import policy uncertainties, were a challenging backdrop to start the…

February 4, 2020

Private capital raised for mining falls to 8-year low

New report shows four mining and metals funds together raised a paltry $300m in 2019, not even a tenth of the money flowing into farmland.

February 4, 2020

Lithium mining shares off to the races

Lithium producers swept up in Tesla enthusiasm with Livent surging 17% and top producers SQM and Albemarle enjoying double digit gains.

February 4, 2020

Gem Diamonds finds 183-carat rough at Letšeng mine in Lesotho

Analysts say that while the diamond showed signs of breakage, it could fetch more than $5 million.