Aluminum price surges as White House plans fresh sanctions on Russia
President Joe Biden said the US plans to unveil a “major” sanctions package against Moscow on Friday.
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In election year, South African mines bleed cash, jobs
The country's biggest mining investors are halting plans to spend billions of rand on new projects in response to a slump in profits.
Rio Tinto reports 12% profit drop but returns more cash to investors
The miner said it expects Pilbara production costs to rise in 2024 due to persistent labor and parts inflation.
Burkina Faso suspends export permits for small-scale gold production
Gold is Burkina Faso's main export, accounting for 37% of total exports in 2020.
Piedmont Lithium to sell remaining stake in Sayona Mining for $39 million
The sale would not affect Piedmont's joint venture or offtake agreement with Sayona's business unit, Sayona Quebec.
CRU appoints Angela Durrant as principal base metals analyst, Australia
Durrant will be leading the Nickel Asset Service.
Diamond, niobium play key role in development of quantum detection devices
Researchers have found a way to improve diamond adhesion —the bond between diamond and transition metal—using niobium.
Sibanye-Stillwater flags $2.5bn write-down on metals prices collapse
Miner expects to report a 91% drop in annual profit for 2023 due to a sharp decline in metals prices and operational problems.
First Quantum inks $500 million copper deal with Jiangxi amid Panama mine struggles
Jiangxi Copper, the Canadian miner’s top shareholder, will receive 50,000 tonnes of copper anode per year from mines in Zambia.
