Glencore’s Congo woes throw spotlight on country’s cobalt dominance
Congo accounts for around 60 percent of global supply - estimated at around 110,000 tonnes this year.
Latest Stories
Poland’s KGHM expects to match or exceed 2017 profit this year
The CEO also forecast that the copper price will exceed $7,000 by the end of this year, as analysts at Bank of China expect.
AngloGold upbeat on Africa even as mine uncertainty persists
The company is mired in disputes with the governments of Tanzania and the Democratic Republic of Congo over law changes that raise taxes in the countries.
Zimbabwe parliament delays Mugabe’s questioning on diamond revenue
Mugabe to face legislators over his previous pronouncements that the state had been deprived of at least $15 billion in diamond revenue by mining companies.
Shell sells stake in Canadian Natural Resources for $3.3 billion
Once the deal closes, Shell's only involvement in Canada's oil sands will be through its 10% stake in the Athabasca Oil Sands Project, majority owned by CNR and Chevron.
Nevsun shares soar as it rejects $1.2-billion bid from Lundin, Euro Sun
Nevsun, who declined the offer for the fourth time, said the proposal undervalued its Timok copper-gold project in Serbia and that junior Euro Sun was “not an attractive partner”.
Congo court temporarily suspends dissolution of Glencore unit
Congo's state miner Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming Glencore for high debts that have weighed on the mine for more than 10 years.
Antofagasta shares, half-year production hit by Los Pelambres pipeline blockage
The miner said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30.
Fura Gems finds giant emerald at historic Coscuez mine in Colombia
The 25.97-carat rough emerald is considered both “rare and exceptional” given its size, colour saturation and clarity.
