Gemcorp, Endiama to develop Mulepe diamond project in Angola
Gemcorp will own 75% of the business and Endiama 25% and alongside with funding a pilot project, the London-based investment firm will oversee operations.
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Controversial UK coal mine under review over climate backlash
The Woodhouse Colliery would be the first new deep coal mine in the UK in three decades.
What does 2021 have in store for mining?
The move towards sustainability should speed up.
Brazil group sues Norsk Hydro over alleged pollution
Some 40,000 Brazilians are bringing a group-action lawsuit in the Netherlands against Norwegian aluminum producer over alleged toxic waste pollution in northern Brazil.
Vale invests in Boston Metal, eyeing carbon-free steel
Vale has paid $6 million for a minority stake in the Boston Electrometallurgical Company.
Sumitomo Metal lifts profit forecast on higher metals prices
The company now predicts a net profit of 78 billion yen ($739 million) for the year, against its previous guidance of 46 billion yen.
India to be largest source of energy demand growth to 2040
Rising oil demand could double India’s oil import bill to about $181 billion by 2030.
Colombia to auction mining areas with potential copper, gold
Mining companies interested in bidding for potential exploration and development permissions in Colombia should register from Feb. 11 for multiple rounds this year.
AngloGold Ashanti forecasts earnings to almost triple as gold prices surge
The gold miner expects to report headline earnings per share between 229 cents and 247 cents for the year ended Dec. 31, 2020, compared with 91 cents reported a year earlier.