August 1, 2019

Iron ore prices help Rio Tinto fork out $1bn dividend, despite Oyu Tolgoi setback

Despite being its best half-year earnings since 2014, net profit dropped by 6% to $4.13bn as it wrote down $800 million from its investment in the Mongolian mine.

July 31, 2019

AngloGold Ashanti flags higher H1 earnings, says asset sales are proceeding

AngloGold will release its results on August 8.

July 31, 2019

Vedanta launches arbitration in dispute with Zambia

Vedanta denies that KCM has broken the terms of its licence and says it will defend its assets in Zambia.

July 31, 2019

Australia’s Resolute Mining to buy Toro Gold for $274m

Resolute is paying $130 million in cash plus 142.5 million of its own shares for West Africa-focused junior miner.

July 31, 2019

Glencore warns of $350m hit on copper unit

Setbacks at its mines in DRC and Zambia caused copper production to fall 5% to 663,000 tonnes in the six months to June.

July 30, 2019

Burundi’s mineral exports overtake tea, coffee in hard currency earnings

Burundi's mining sector was thrust into prominence last month when the US said it was one of those it was considering to diversify its sources of rare earths.

July 29, 2019

Diamond industry’s elite club is starting to show cracks

In the diamond trading world, becoming one of De Beers' elite buyers is viewed as essential to achieving success and making money. Now, it’s no longer so easy.

July 29, 2019

Ivanhoe’s giant Kamoa-Kakula copper project in DRC gets even bigger

Kamoa-Kakula already is the world’s fourth-largest copper project and one of the ten with highest grades.

July 28, 2019

Gunmen kidnap two workers at Banro’s east Congo mine

The Canadian mining firm’s interests in eastern DRC have come under periodic attack by Mai Mai militiamen.

July 28, 2019

Eskom to fight energy regulator in court, Mining Weekly says

The debt-laden company is asking a High Court to review a price increase awarded by the National Energy Regulator of South Africa.