February 22, 2024

TIMELINE: Anglo American’s efforts to tackle weak commodity prices

Anglo American said it will review its assets after a 94% plunge in annual profit.

February 21, 2024

Lucara Diamond unearths over 530-carats at Karowe mine in Botswana

Recoveries include a 320-carat gem-quality, an 111-carat Type IIa white stone and two +50-carat stones.

February 21, 2024

Rio Tinto board gives go-ahead on Simandou iron ore project

"The board yesterday approved the largest mining project in the world," CEO Stausholm told the Financial Times.

February 21, 2024

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.

February 21, 2024

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.

February 21, 2024

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.

February 21, 2024

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.

February 20, 2024

CHART: China’s Belt and Road mining investment hits record

China’s overseas investment in metals and mining as part of its Belt and Road Initiative surged by 158% last year, hitting $19.4 billion with energy transition metals the main focus.

February 20, 2024

Kumba Iron Ore to cut 490 jobs as rail crisis hits output, shares fall

Restructuring to impact 10% of Kumba's workforce.

February 20, 2024

Gecamines plans overhaul of mining JVs in world’s top cobalt supplier

The Democratic Republic of Congo's state miner is broadening a push to extract more from its copper and cobalt joint ventures