October 29, 2024

India’s festive gold buying spree continues, defying record price

Indian buyers of gold brushed off record high prices and made purchases for the Dhanteras and Diwali festivals starting on Tuesday.

October 29, 2024

Trillions needed to achieve net-zero by 2050 — Wood Mackenzie

The report shows the world needs to invest $78 trillion in the next 25 years to achieve net zero and a 1.5C warming scenario.

October 28, 2024

Vale, Jinnan invest $627m in iron ore plant in Oman

Facility in the port city of Sohar will process 18 million tonnes of iron ore from 2027.

October 28, 2024

Metso wins equipment order from Hindalco for precious metals refinery

This state-of-the-art refinery will be associated with the new e-waste recycling plant that Hindalco is building in Pakhajan, Gujarat.

October 28, 2024

Korea Zinc attempts to fend off takeover with $1.5 billion share buyback

Korea Zinc announced Monday it has secured a 9.85% stake in the company via a tender offer that expired last week.

October 25, 2024

Coal billionaire Tykac eyes growth in bet against ESG uptake

Pavel Tykac’s Sev.en Group has taken advantage of cheap valuations to buy up coal power stations and mines in the US, Australia and Vietnam.

October 25, 2024

Thungela CEO sees world shunning new coal as boon for existing mines

New coal investment may be drying up, but for miners like Thungela that could be a boon if Asia's ravenous appetite keeps prices bouyant.

October 24, 2024

Anglo American copper, diamond output down in Q3, 2024 guidance unchanged

Copper will make up 60% of Anglo's business after it sells its Australian steelmaking coal assets and nickel mines in Brazil.

October 23, 2024

Potash supply nears pre-war levels, pushing producers to cut output

Russian producers have increased shipments to China and India via new rail routes since Russia exited the Black Sea grain deal last year.

October 23, 2024

Rebels take control of Myanmar rare earth mining hub

With Myanmar responsible for 57% of global dysprosium and terbium supply, prolonged disruption would limit feedstock for permanent magnets used in virtually all EV motors.