September 10, 2015

Iron ore price closing in on $60

Another surge on Thursday as Chinese stockpiles continues to decline.

September 10, 2015

Chile’s Codelco to cut top positions in response to weak copper prices

Chief executive Nelson Pizarro warned Codelco is ready to “cut costs to the bones,” and revealed the layoff process has already started.

September 10, 2015

Gemfields expands outside Africa, targets Latin America emerald assets

The London-listed precious stones miner plans to buy two emerald projects in Colombia.

September 9, 2015

Gold price: Bears take charge again

The gold price fell nearly 2% on Wednesday, but even near five-year lows the metal is historically overvalued compared to other commodities says new report.

September 9, 2015

Half of South Africa’s gold mines operating at loss — report

Experts believe the troubles affecting gold producers in South Africa go way deeper than a slump in prices for the metal or the usual cycles the mining industry experiences.

September 9, 2015

Anglo sells platinum mines in S. Africa to Sibanye for $330m

The deal involves an upfront payment of 1.5 billion rand, with a minimum deferred payment of 3 billion rand, equal to 35% of cash flow generated by the operation.

September 8, 2015

MechCaL expands its footprint into Zambia

This marks a key point in the company’s on-going geographic expansion strategy which is aimed at increasing its presence in key growth markets.

September 8, 2015

Copper price rallies 6%

Glencore's bold move and huge jump in Chinese concentrate imports light fire under copper price.

September 8, 2015

Done deal? Amplats said to have sold platinum mines to Sibanye for $100M

The companies are expected to make an official announcement on Wednesday.

September 8, 2015

Lucara Diamond to host second stone tender in November

Since the recovery of the first large diamond from the Karowe mine in 2013, Lucara has found 216 gems, which it has sold for more than $250,000 each.