February 21, 2024

In election year, South African mines bleed cash, jobs

The country's biggest mining investors are halting plans to spend billions of rand on new projects in response to a slump in profits.

February 21, 2024

Rio Tinto reports 12% profit drop but returns more cash to investors

The miner said it expects Pilbara production costs to rise in 2024 due to persistent labor and parts inflation.

February 21, 2024

Piedmont Lithium to sell remaining stake in Sayona Mining for $39 million

The sale would not affect Piedmont's joint venture or offtake agreement with Sayona's business unit, Sayona Quebec.

February 21, 2024

Sibanye-Stillwater flags $2.5bn write-down on metals prices collapse

Miner expects to report a 91% drop in annual profit for 2023 due to a sharp decline in metals prices and operational problems.

February 20, 2024

First Quantum swings to fourth-quarter loss

The company reported a net loss of C$1.45 bln or C$2.09 per share.

February 20, 2024

Rio Tinto inks renewable power purchase deal for Gladstone operations

Rio Tinto will buy 80% of all power generated from the Bungaban wind energy project over 25 years.

February 20, 2024

Antofagasta reports 5% increase in 2023 profit, slashes dividend

Antofagasta earlier reported a rise of 2% in 2023 copper production, to 660,600 metric tons.

February 20, 2024

Kumba Iron Ore to cut 490 jobs as rail crisis hits output, shares fall

Restructuring to impact 10% of Kumba's workforce.

February 20, 2024

Gecamines plans overhaul of mining JVs in world’s top cobalt supplier

The Democratic Republic of Congo's state miner is broadening a push to extract more from its copper and cobalt joint ventures

February 20, 2024

JSW Steel in talks with Whitehaven for coal mine stake

Whitehaven in January said it was exploring a potential sell-down of about 20% of its Blackwater mine.