May 29, 2024

Gem Diamonds finds sixth 100+ carat stone in 2024

The 212.9 carat Type II white stone was found at Letšeng mine, one of the world’s ten largest diamond operations by revenue.

May 29, 2024

BHP walks away from proposed $49bn takeover of Anglo American

Less than an hour before the 5 p.m. UK cut off, BHP confirmed it had failed to secure Anglo’s board backing and would not proceed with the takeover.

May 28, 2024

Copper price: the squeeze has been squoze 

A deeper copper price correction is likely and a new report makes predictions of $40,000/t seem even sillier than they were a week ago. 

May 28, 2024

Ivanhoe completes Phase 3 concentrator at Kamoa-Kakula ahead of schedule

The first concentrate is expected in early June.

May 28, 2024

BHP and Anglo remain split on South Africa as time runs out

BHP has until 5 p.m. London on Wednesday to commit to an offer.

May 28, 2024

Lucapa recovers 195-carat diamond from Lulo mine

The diamond is the sixth largest and the 44th +100 carat stone to be recovered from the Lulo mine in Angola.

May 28, 2024

Sibanye shareholders back conversion of $500 million of bonds to shares

Sibanye issued the convertible bonds in November last year, partly to fund the $156 million acquisition of a US-based recycling business.

May 28, 2024

Post-Covid, China is back in Africa and doubling down on minerals

Chinese investment in Africa increased 114% last year.

May 27, 2024

South African Shell-BP refinery purchase raises clean-up concern

State-owned Central Energy Fund has agreed to buy the 180,000-barrel-a-day Sapref plant for a symbolic price of one rand.

May 27, 2024

JPMorgan says BHP plan risks $4.3 billion South Africa outflow

Such an outflow, if a deal goes ahead, could weaken the rand.