July 1, 2024

Hedge funds are hoarding cobalt amid battery metal slump

Cobalt futures trading has taken off on CME Group’s Comex exchange, creating a way for traders to hedge their physical positions in the newly liquid futures market. 

June 29, 2024

Court approves billionaire Agarwal’s plan to reclaim Zambia mine

Vedanta now needs to follow the court ruling by releasing $250 million to settle debts that KCM owes to contractors and suppliers.

June 28, 2024

Lithium price surge unlikely to return: Fitch

Outlook is reshaping the industry landscape, presenting opportunities and challenges for major producers and junior developers.

June 28, 2024

Botswana GDP shrinks most since 2020 as diamond output plunges

Real value added of the diamond traders and mining & quarrying industries were down 46.8% and 24.8% respectively.

June 28, 2024

Vedanta set to regain control of Zambia copper mine

Billionaire Anil Agarwal’s firm is ready to pay $250 million to settle debts owed by the Konkola mine.

June 27, 2024

China’s Norinco agrees to buy struggling Congo cobalt miner Chemaf

The deal with Norin Mining will enable Chemaf to settle its debts.

June 27, 2024

AngloGold boosts investment in Brazil as it mulls Corrego’s fate

While it is investing $198m in the country this year, AngloGold may still sell its Córrego do Sítio gold complex.

June 27, 2024

Petra Diamonds cuts targets and costs in tough market

Petra plans to cut operating costs by $30 million a year from the fiscal year ending June 30, 2025, while reducing spending to $100 million.

June 26, 2024

Trafigura clinches share of major zinc deal snubbed by Glencore

Production from Ivanhoe's Kipushi zinc mine in Congo will now be split between several new buyers.

June 26, 2024

Vedanta in talks with IHC unit, investors for Zambian copper stake sale

The KCM assets have also attracted interest from other investors, said Vedanta's chief executive for base metals.