February 22, 2024

Anglo American to review assets after writedowns and profit plunge

The miner has announced a $1.6 billion impairment charge on its De Beers diamond business owing to faltering demand.

February 22, 2024

TIMELINE: Anglo American’s efforts to tackle weak commodity prices

Anglo American said it will review its assets after a 94% plunge in annual profit.

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

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 19, 2024

Amplats plans to cut thousands of jobs after profit plunge

Anglo American Platinum's profit plunged by 71% last year.

February 15, 2024

Sibanye-Stillwater, Heraeus team up to save palladium

The miners will explore new uses for PGMs, particularly palladium, in the hydrogen market amid weak demand for the metal.

February 12, 2024

Alaska Energy boosts contained nickel at Nikolai project to 8 billion lb.

The new resource includes 813 million tonnes of indicated material grading 0.29% nickel equivalent.

February 8, 2024

Zimbabwe takes full control of controversial state miner

Kuvimba holds some of Zimbabwe’s best mining assets, which were once owned by a company controlled by US- and UK-sanctioned tycoon Kudakwashe Tagwirei.

February 8, 2024

Palladium price drops below platinum for first time in five years

Palladium fell by 39% in 2023 after rising prices from 2018 to 2022 caused the auto sector, accounting for 80% of demand, to start replacing it with cheaper platinum in…

February 7, 2024

Scientists develop solution to avoid gold particle corrosion

Gold is generally resilient but if it’s in the form of tiny particles, it suffers negatively from heat, pressure, corrosion, oxidation and other conditions.