There is currently a solid global project pipeline, due to the rise in cobalt prices and the expected demand boom amidst battery manufacturing projects, Fitch writes.

Iron ore production rose by 15% on increased output from Brazil's Minas-Rio and South Africa's Kumba mine.

Together, the world’s top 10 gold miners produced 27.48 million ounces in 2020, worth approximately $48 billion.

Catoca said the leak only contained rocks and clay from a tailings basin, which altered the oxygen levels in a tributary of the Congo river.

The company said that the results of the Phase 2 life-of-mine review at Sukari is expected to be announced on Dec. 1.

Richards Bay Bulk Terminal is Africa's largest coal export facility.