Australia-based copper miner MMG Ltd said on Wednesday its half-yearly loss nearly doubled as the Covid-19 outbreak hit commodity prices and sales, but said economic recovery in China should lead to a stronger second half.
The Hong Kong-listed company…
MMG’s half-year loss doubles as Covid-19 hits commodity prices Read More »
Gold miners in Canada keen to tap new investors are eyeing secondary listings in London and New York, underscoring pent-up demand for the precious metal from generalist funds.
Gold prices have soared 32% this year as central banks dial up stimulus mea…
Gold miners eye London, New York listings as Toronto loses shine Read More »
Sierra Leoneans seeking damages for alleged environmental degradation around a diamond mine have applied for a freezing order on the assets of Octea, a subsidiary of Israeli billionaire Beny Steinmetz’s BSG Resources (BSGR). In an affidavit to the high…
An upsurge in Chinese demand and imports of minor metal molybdenum have revitalised prices of the stainless steel ingredient, but a reversal is expected as local production ramps up after disruptions.
Molybdenum oxide prices are up nearly 10% to aroun…
Reprieve for molybdenum prices from China’s import surge Read More »
South African petrochemicals group Sasol reported an annual loss on Monday, hit by a writedown of R111.6-billion and a drop in oil and chemical prices due to the coronavirus outbreak. The world’s top producer of motor fuel from coal reported a loss of …
Sasol swings to R91.3bn annual loss on lower oil prices, writedown Read More »
China’s Tianqi Lithium Corp said its president Vivian Wu has left the company, as the indebted producer of a key commodity for electric-vehicle batteries looks for a way out of a perilous financial situation.
Wu, who had been with the Chengdu-based fi…
Tianqi Lithium president leaves embattled Chinese firm Read More »
Four workers died when a building they were demolishing near a coal mine of Russian steel producer Severstal collapsed on Saturday, the company said in a statement.
The people worked for a contractor hired for the job, Severstal said, adding that a vi…
Four people die in accident near coal mine of Russia’s Severstal Read More »
Indigenous groups in Chile´s lithium-rich Atacama salt flat, fresh off a resounding legal victory earlier this week, said on Friday they will push to see top lithium miner SQM´s environmental permits revoked and its operations shut down.
The Atacama …
Indigenous groups push to shut down lithium miner SQM Read More »
Hedge fund Bridgewater Associates raised its investment in gold-backed exchange-traded funds by a third in the second quarter, buying the equivalent of 170 000 ounces of gold worth $340-million at current prices, a regulatory filing showed.
The move i…
Bridgewater hedge fund boosts gold ETF investment to over $1bn Read More »
The two biggest nickel miners in the Philippines do not expect further major disruptions to their operations this year, after posting lower first-half ore sales due to lockdown measures aimed at containing the coronavirus.
Since neighbouring Indonesia…
Philippine nickel miners see 2020 back on track after virus hit H1 sales Read More »
