Commodity boom has a dark side as cost creep erodes windfall
Mining and metal companies are rediscovering the downside of rallying prices: higher costs.
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Gem Diamonds shares up on better sales, prices and string of 100-carat plus rocks
The company, which last month found the world’s fifth-biggest diamond in history at its flagship Letšeng mine in Lesotho, sold 21% more rocks in last quarter of 2017.
Electric cars and niche metals lure cash to Africa’s mines
Here are five metals grabbing attention across the continent.
Southern Copper surprises with $287.5 million net loss in fourth quarter
Analysts had forecast a $419 million net profit for the company in the fourth quarter.
Sibanye-Stillwater trapped miners brought to surface safely
The National Union of Metalworkers of South Africa (Numsa) is demanding that Beatrix gold mine remains closed pending a probe and has asked the South African government to investigate why the operation apparently didn’t have a backup generator.
Goldman all but says the mining supercycle is back
“The environment for investing in commodities is the best since 2004-2008” – Goldman Sachs
No sign of early contract talks at BHP’s Escondida mine -Union
BHP's Escondida on Wednesday cast doubt on chances of starting talks on a new labor agreement with the company before formal negotiations scheduled for June.
Glencore says copper output will rise as Katanga ramps up
The Katanga mine in Democratic Republic of Congo likely to add roughly 150,000 tonnes of copper and 11,600 tonnes of cobalt in 2018.
Barrick’s BattleBorn series will bring together Nevada’s tech and innovation community
“Barrick is excited to host the state’s first global mining hackathon in Las Vegas,” said Michael Brown, President, Barrick USA.
