February 20, 2019

Suspended cobalt sales, higher costs fuel Katanga’s Q4 loss

The company recorded a $52.8 million fourth quarter loss in adjusted EBITDA.

February 20, 2019

Barrick’s cost of doing business could shoot up with Acacia deal

Will officials in Tanzania and other countries push to nationalize their resources as the trend continues to gain traction around the world.

February 20, 2019

South African miner Sibanye raises loss estimate by $100 million-plus

"We will further investigate tax planning alternatives to minimise this additional deferred tax," Sibanye's statement said.

February 20, 2019

Glencore plans new buyback as trading profit disappoints

“They have so much cash they don’t know what to do with it. We’re glad that they are giving it back.”

February 20, 2019

Palladium smashes $1,500 as shortages to aid Nornickel, Amplats

Tighter emissions rules are “outweighing the weakness in global auto sales and the growing threat from EV's.

February 20, 2019

Mining companies operating in Sub-Saharan Africa should invest in renewable energy — report

According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region's favourable climate conditions.

February 20, 2019

IAMGOLD reports 23% growth in gold reserves

The miner reported that Proven and Probable gold Reserves reached 17.9 million ounces at the end of 2018.

February 20, 2019

Barrick and Tanzania reach proposal to settle country’s row with Acacia

The gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.

February 19, 2019

ERG will suspend copper, cobalt output at Congo mine this month

Operations are being suspended while a feasibility study is conducted on building two processing facilities to treat ores at the site.

February 19, 2019

South African parliament approves long-delayed carbon tax bill

South Africa intends to play its role as part of the global effort to reduce global greenhouse emissions.