Tanzania’s earnings from gold exports rose 25.1% in the year to August, buoyed by higher output of the precious metal, its central bank said on Thursday. Gold exports fetched $1.91-billion in the year ending August 31, up from $1.53-billion the previou…
Tanzania gold export earnings up 25% in year to August – central bank Read More »
Aluminum Corp of China, also known as Chalco, has delayed the launch of its Boffa bauxite project in Guinea until at least the first quarter of 2020, a company official said on Thursday. Construction on the project, expected to produce 12-million tonne…
China’s Chalco delays Boffa bauxite mine launch to 2020 Read More »
China is looking beyond current suppliers like Australia to procure raw materials in future as its steel demand continues to grow, the chief executive of the world’s No. 4 iron-ore producer Fortescue Metals Group warned on Thursday.
Even as clouds gat…
As Fortescue taps Guinea, China eyes broader iron-ore supply sources – CEO Read More »
Russia’s Polymetal will consider investing in the country’s largest rare earth project Tomtor, which is being developed by the gold and silver producer’s top shareholder, CEO Vitaly Nesis said on Wednesday.
Polymetal, in which Vitaly’s brother and Rus…
Polymetal may invest in rare earth project to tap electric vehicle demand Read More »
One of BHP’s biggest shareholders Aberdeen Standard Investments on Wednesday added to pressure for the world’s leading miner to cut ties with lobby groups it says are at odds with the company’s pledges on climate leadership.
Earlier, the Church of En…
BHP investor Aberdeen Standard piles on climate pressure ahead of AGM Read More »
Bosnia’s 300-MW coal-fired Stanari power plant has been reconnected to the grid after a ten-day overhaul, its British-based operator Energy Financing Team (EFT) said on Wednesday.
The overhaul was the second this year to prepare the plant in the north…
Bosnian 300-MW coal power plant back online after 10-day overhaul Read More »
Zambia’s Konkola Copper Mines (kCM) smelter was on Wednesday shut down for annual maintenance two days earlier than planned after a leak, the provisional liquidator Milingo Lungu said. Lungu said the smelter, which was scheduled to undergo annual maint…
Zambia’s KCM smelter shut down earlier than planned after leak – liquidator Read More »
National Australia Bank (NAB) has trimmed its forecasts for metallurgical coal and thermal coal for next year given weakening longer term demand prospects, it said on Wednesday.
It now sees thermal coal prices averaging at $70 a tonne in 2020, from $7…
Australia’s NAB trims coal price forecast for 2020, raises gold for 2019 Read More »
Zimbabwe has increased the average electricity tariff by 320% to let the State power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday. Power cuts lasting up to 18 hou…
Zimbabwe quadruples electricity prices to fund power investment Read More »
China’s commerce ministry granted crude oil import licences to two Zhejiang-based petroleum companies in eastern China, including a trading joint venture partly held by commodities trader Glencore. Zhejiang Petroleum Trading Co and Zhejiang Petroleum &…
China grants rare crude import licenses to Glencore’s JV, local firm Read More »
