August 12, 2021

Gemfields reaches record revenue at emerald auction

It generated about $23.1 million in revenues – an all-time record for commercial-quality emeralds sold at auctions.

August 12, 2021

Exxaro says rail snags will hit 2021 exports

The company had been well placed to take advantage of strong demand from China this year.

August 11, 2021

Ivanhoe Mines realizes $95.7m loss in Q2, EPS lower than estimates

Basic and diluted loss came to $0.09 per share, compared to zero in the comparable 2020 quarter and earnings of $0.02 per share in Q1 2021.

August 11, 2021

Danakali to leave London Stock Exchange

The miner, which is developing the Colluli sulphate of potash project in Eritrea, will keep its Australian listing.

August 11, 2021

Expansion of Lucara Diamond’s Karowe mine to take longer and cost more

Lucara expects to achieve 75% of slated full production by late 2029, 1.3 years later than planned and spend $20m more than budgeted.

August 9, 2021

UN says IPCC’s climate report “code red for humanity”

First major assessment from the UN-backed experts committee in nearly a decade sees no end to rising temperatures before 2050.

August 8, 2021

Mali’s gold exports ease 0.3% in 2020

Covid-19-related work stoppages impacted Mali's gold output in 2020.

August 6, 2021

AngloGold plunges as key African mine may stay shut all year

The company lowered its output goal by about 12% after removing planned gold from the Obuasi operation.

August 6, 2021

Nordgold begins mining at Lefa’s satellite deposit

The Diguili deposit, located about 22 miles from Lefa’s processing facility, is considered a core pillar of Nordgold’s expansion strategy.

August 6, 2021

Copper price gains as world’s biggest mine preps for strike

“Dr. Copper is supposed to give a good reading of how the economy is doing, and I think we are in limbo phase right now,” said WisdomTree analyst Nitesh Shah.