Shares of Mexican miner Penoles fell as much as 14% on the Mexican stock exchange Tuesday morning, reaching their weakest level in more than three years, after its Fresnillo subsidiary reported weak earnings.
Fresnillo’s core earnings declined by 46%…
Shares of Mexican miner Penoles tumble, hit by subsidiary’s weak results Read More »
Burundi’s gold, tin and rare earth minerals exports have overtaken tea and coffee as the major source of foreign exchange for the East African nation, the ministry of mining said. The mining sector in the tiny, landlocked economy was thrust into promin…
Burundi’s mineral exports overtake tea, coffee in hard currency earnings Read More »
Fresnillo’s profit plunged by more than two-thirds in the first half of the year, hit by a drop in production and higher costs, the silver and gold miner said on Tuesday as it cut its capital spending budget for the year. "Continued challenges at o…
Fresnillo half-year profit tumbles on lower production, costs Read More »
Jabu Mabuza has been appointed acting CE of troubled power utility Eskom following a board meeting on Monday, Public Enterprises Minister Pravin Gordhan said. "I have informed the Eskom annual general meeting this afternoon of my decision to appoin…
Mabuza appointed acting CEO at struggling Eskom Read More »
Gunmen kidnapped a South African and one Zimbabwean worker at Banro Corp’s gold mine in the east Congolese province of Maniema on Sunday, an army spokesman said. Dieudonne Kasereka, army spokesperson for South Kivu province, gave no further details.
Gunmen kidnap two workers at Banro Corp east Congo mine – army Read More »
anadian energy regulators recommended approval of an oil sands mine proposed by Teck Resources northern Alberta, saying economic benefits would outweigh "significant" adverse effects on the environment and indigenous communities.
In a decision…
Canadian regulators recommend approving new Teck oil sands mine Read More »
Brazilian securities regulator CVM has opened two probes into Vale CFO Luciano Siani’s conduct in the aftermath of a dam burst in late January that killed nearly 250 people, according to the CVM’s website.
Details of the investigations were not immedi…
Brazil regulator probes Vale CFO over dam burst disclosures Read More »
Australian rare earth producer Lynas Corp Ltd said on Monday it is on track to have its Malaysian operating licence renewed, as it flagged soft demand from China amid a slip in quarterly sales revenue.
Lynas is in dispute with Malaysia over the remova…
Rare earth producer Lynas says permit renewal on track Read More »
European central banks have ditched a 20-year-old agreement to coordinate their gold sales, saying they have no plan to sell large amounts of the metal, the European Central Bank said on Friday.
The Central Bank Gold Agreement was originally signed in…
Europe’s central banks ditch 20-year-old gold sales agreement Read More »
Indian billionaire Anil Agarwal, the biggest shareholder in mining company Anglo American, said on Thursday he was divesting the nearly 20% stake he has held since 2017. Agarwal began buying into Anglo American through a JP Morgan mandatory convertible…
Indian billionaire Anil Agarwal sells Anglo stake Read More »
