May 22, 2024

Zimbabwe’s central bank gold reserves to back ZiG currency rise

The ZiG, short for Zimbabwe Gold, launched April 5 is backed by 2.5 tons of gold and $100 million in foreign currency reserves.

May 22, 2024

Harmony Gold reports fatality at South Africa mine

At least 54 workers died in mining-related accidents in South Africa last year.

May 22, 2024

Anglo American rejects BHP’s third bid, extends deadline

Anglo has left the door open for BHP as it agreed to grant it a one-week extension to table a binding offer.

May 22, 2024

Anglo’s second largest investor demands BHP bid revision

Petition by South Africa's Public Investment Corporation (PIC), which owns a roughly 7% stake in Anglo, comes just hours before bid deadline.

May 21, 2024

Ma’aden extracts lithium from seawater

The Saudi Arabia project is still a pilot and not yet at commercially viable levels, Ma'aden's CEO said.

May 21, 2024

Zimbabwe to start gold-tracing system in bid to curb smuggling

Zimbabwe loses about $1.5 billion annually to smuggling of the precious metal.

May 20, 2024

Get real: Copper price record was 56 years ago

Jeff Currie: Add AI data centers and military demand to green capex and copper should soon test 1968 levels of $15,000 inflation adjusted.

May 20, 2024

Anglo shareholder LGIM supports break-up plan as BHP circles

LGIM is among Anglo's biggest investors with a stake of about 2%.

May 20, 2024

Implats seals $500 million black investor deal

This will result in black investors holding a 13% interest in the company and the Bafokeng business it acquired last year.

May 20, 2024

Zimbabwe asks miners to ramp up gold output to support new currency

Zimbabwe has been accumulating gold reserves at the central bank’s vaults to back the ZiG, short for Zimbabwe Gold.