May 7, 2015

Glencore boss blames iron ore top miners for share price fall

The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.

May 7, 2015

ArcelorMittal cuts profit expectations for 2015 amid steel glut

The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and…

May 7, 2015

Capacity development critical to sustaining economic growth in Africa

Prices of commodities are expected to remain high and to be a key driver of African growth over the next few years

May 7, 2015

Lower gold prices hurt Randgold first quarter profit

The Africa-focused gold producer saw its first-quarter profit fall16% due mainly to lower bullion prices and reduced production.

May 6, 2015

Iron ore price blasts past $60

Steelmaking raw material now up 28.7% from decade lows hit last month.

May 6, 2015

South32 gets going after BHP investors strong support, sees M&A opportunities

BHP Billiton shareholders have overwhelmingly voted in favour of the South32 demerger, a spin off that creates Australia’s third-largest mining company.

May 6, 2015

Would Palladium replace gold as engagement rings choice of metal?

Gold has concentrated lots of interest in the past 6-7 years due to the economic crisis.

May 5, 2015

South Africa delays court decision on black ownership of mines

The mines ministry has missed an April deadline to ask courts solve the issue of whether companies may claim they meet black-ownership quotas if shareholders have sold their stakes.

May 5, 2015

Lucara sells stake in African diamond project to Paragon for $8.5m

Developing Mothae and Lemphane concurrently would allow Paragon to benefit from significant economies of scale, said Paragon Diamonds.

May 4, 2015

Outside money starts to pour into mining M&A

Mick Davis hasn't spent a cent of his $6bn, but private money and non-mining players' share of M&A has already doubled in less than three years.