South Africa union seeks 15% wage hike from gold miners and Eskom
Gold producers have in the past argued that above-inflation wage hikes cannot be sustained unless prices also rise.
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Fund bets $7.4bn on sustaining platinum price rally
After being in the doldrums for a decade, South Africa’s platinum miners are increasing payouts as they reap windfall profits from near-record prices.
Copper Mountain announces $250 million senior secured bond issue
The Vancouver-based company says it plans to use the funds to refinance all existing debt, and to advance its growth projects.
Anglogold plays down merger prospects amid deal talk
Sibanye-Stillwater CEO Neal Froneman this month floated the idea of a merger with peers AngloGold and Gold Fields.
Endeavour completes $200m investment by La Mancha
La Mancha holds an interest of about 19% in Endeavour Mining.
Paying 10% dollar yield, obscure Vale bond is now talk of Brazil
The securities, of which the payout is based on Vale’s dollar revenue, has more than doubled in value over the past 12 months.
Gold price bounces back, but set for another monthly loss
Gold is also on track for its worst quarterly performance since December 2016.
Vedanta plans to build a new $1.4bn copper plant
Company is scouting for locations to set up a new copper smelter in India as its plant in the southern state of Tamil Nadu has remained shuttered for close to three years.
Ok Tedi resumes operations after covid-19 shutdown
Ramp-up to full production is expected to take up to two weeks.