Ferrexpo’s half-year profit tumbles on higher costs
The Ukraine-focussed miner saw a hit from higher costs and lower production volumes as it grappled with inflationary woes and energy prices.
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Analysts slash platinum and palladium forecasts amid global slowdown
Platinum prices have fallen from a 9-month high of $1,179.81/oz in March to around $900.
Global copper and nickel smelting slides in July, satellite data shows
Smelting activity was hit by weakness in China and the biggest mining region South America.
Greatland Gold plans listing in Australia
Chief executive Shaun Day said the London-listed company was reviewing the opportunity to “get the best of both worlds.”
The Australian diamonds that no one can see
“This discovery will influence our understanding of the tectonic models and how the eastern coast of Australia formed.”
Impoverished Zimbabweans turn to scrap metal trade as inflation bites
Annual inflation, which hit 256.9% in July, has cast a shadow over President Emmerson Mnangagwa's bid to revitalise the economy.
Baffinland to terminate 1,100 workers at Mary River iron ore mine
The miner is preparing for two rounds of layoffs to take effect on Sept. 25 and Oct. 11, if it doesn't obtain a permit to continue extracting 6 million tonnes of iron ore a year.
Lynas to invest $345m in rare earths mine to tap demand
The Mt Weld mine has deposits of rare earths elements neodymium and praseodymium, which are in high demand for making magnets used in electric vehicles and wind energy generation.
One ‘Zamazama’ dead, 46 arrested in South Africa’s Witwatersrand Basin
About 700 tonnes of gold-bearing material has been recovered.
