Hindalco halts production of extruded aluminum products due to Iran war
Hindalco’s suspension of extruded product sales comes as analysts and traders warn that the global aluminum market could face severe shortages.
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JSW Steel wins rights to develop coking coal mine in Mozambique
The company’s Minas de Revuboe project in Mozambique’s Moatize coal basin holds about 850 million tons of reserves.
Investors prefer North America to Africa: Sprott chief
"There has been more demand for stable jurisdictions such as Canada and the US,” Sprott managing partner Maria Smirnova says.
S&P downgrades Botswana as diamond sector faces global headwinds
Botswana is the world's 2nd-largest producer of natural rough diamonds and the sector represented about 70% of exports and a third of government revenue.
Gold price eyes second straight weekly loss, silver price drops further
Gold remains up by 17% on the year.
Asia to pledge $30 billion in energy, mineral deals with US
The deals will take the form of purchase commitments and other transactions spanning a range of products and sectors.
South African mining exploration falls for seventh straight year
While the country is Africa’s largest exporter of mineral products, companies are spending even smaller amounts on prospecting.
Iran war hits zinc market as China faces raw material disruption
Mines in Iran and Russia collectively supply about 15% of China’s feedstock needs.
Glencore raises hope of reviving Rio Tinto deal as coal prices turn
Glencore CEO Gary Nagle was optimistic about the prospect of another opportunity to agree on a deal.