Weak mining, manufacturing data put pressure on South Africa recovery
Mining production in March suffered its sharpest fall in two years and industrial output dropped, Statistics South Africa data showed on Thursday.
Latest Stories
Erdene soars as Altan Nar project in Mongolia proves larger than predicted
Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.
World’s No. 2 platinum stock languishes on output, cost woes
Bad news from South Africa’s platinum belt has pushed shares of Impala to the lowest since 1999.
De Beers tracks first 100 diamonds through supply chain using blockchain
The world’s largest rough diamond producer by value will launch the tracking platform later this year, making it available to the whole industry.
Copper hotspots identified in northern Australia
Recent data released by the Northern Australian Geochemical Survey reveal that there are potential copper hotspots on the Queensland-Northern Territory border.
Expansion of Canada’s first surface and underground diamond mine delayed
Construction of a new open pit at the mine has been delayed until further notice.
N. American gold ETF inflows at highest since September 2017 -WGC
North American gold-backed ETFs rose 43.7 tonnes worth $1.9 billion in April.
Kinross reels as two more African nations seek mining payoffs
The Canadian miner is the latest company to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue.
Mexico greenlights First Majestic’s $320 million-acquisition of Primero
The approval was the final government agency’s permission the parties required to close the deal.
