While Opec’s de facto leader Saudi Arabia trades blows in a war for market share with Russia after their three-year pact to cut oil supplies collapsed last week, other Opec States are already sounding the alarm over plunging oil prices. Crude lost as m…
Amid Saudi-Russian oil price war, other Opec States sound alarm Read More »
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, said on Tuesday it is experiencing a "weak" first quarter in China, where most of the company’s processing facilities and customers are located.
None of the com…
Albemarle expects weak first quarter in China due to coronavirus Read More »
A South African court on Tuesday sided with State power utility Eskom in a dispute with energy regulator Nersa over electricity tariffs in the 2018/19 financial year. The court "set aside" Nersa’s tariff decision and granted Eskom leave to appl…
South African court sides with Eskom in 2018/19 tariff dispute Read More »
China Nonferrous Mining Corp (CNMC) said late on Monday its parent had agreed to sell its 74.52% stake in the company to the group’s engineering arm for 7.36-billion yuan ($1.06-billion) in a restructuring move. State-owned CNMC is selling its 2.6-bill…
China’s CNMC to transfer Africa copper, cobalt assets to engineering arm for $1.1bn Read More »
BHP Group is in good shape to take action should supply chain disruption caused by the global coronavirus epidemic trigger acquisition opportunities, the global miner’s chairperson Ken MacKenzie said on Tuesday.
"On balance, the business is in ve…
BHP in ‘good shape’ to act if coronavirus disruption brings M&A openings Read More »
Brazilian miner Vale said the company is monitoring its Gongo Soco mine in Barao dos Cocais as an embankment at the facility continues to erode, according to a securities filing on Monday.
Vale said it is watching for any impact the erosion could have…
Vale says part of Gongo Soco mine continues to erode Read More »
South African stocks plunged to a more than four-year low on Monday, joining a global sell-off in riskier assets as oil prices collapsed more than 30%, hitting chemical and energy firm Sasol the hardest. Saudi Arabia’s plans to hike crude production an…
Sasol leads South African stocks to 4-year low as oil crash hits global markets Read More »
Zambia’s mining investment arm ZCCM-IH has started buying gold from artisanal and small-scale miners in a bid to formalise the unregulated sector whose ranks have swelled worldwide as gold prices soar, it said on Friday. Governments across Africa are s…
Zambia buys artisanal gold to formalise unregulated mining Read More »
Cerrejon, one of Colombia’s biggest coal producers, and its largest workers union on Friday concluded contract negotiations without reaching an agreement, the parties said.
Union members will now vote on whether to strike or to go to arbitration with…
Colombia coal miner Cerrejon, union fail to reach contract agreement Read More »
China’s Industry Ministry said on Friday metals firms should not seek to ramp up production at all costs and should "avoid vicious competition" with one another as they return to work in the wake of the coronavirus outbreak.
Industrial product…
China warns metals firms not to race back from virus Read More »
