The International Monetary Fund said that Tanzania’s economy is being harmed by the government’s “unpredictable and interventionist policies” in a report whose release the East African country has blocked. Tanzania refused to authorize the publication …
IMF slates unpredictable policies in report Tanzania blocked Read More »
Anglo American has hired three investment banks to fend off a potential takeover bid from the billionaire owner of Vedanta Resources, Anil Agarwal, the Telegraph reported, citing unidentified people.
Agarwal has previously stated he had no intention t…
Anglo steps up defense to repel Agarwal’s interest – Telegraph Read More »
Confusion over who’s in charge in Venezuela may keep Crystallex International from collecting a $1.2-billion arbitration award.
Crystallex, a bankrupt gold producer, is trying to seize shares of the US unit of Venezuela’s State-owned energy company th…
Venezuela unrest may hurt Crystallex bid to reclaim $1.2bn Read More »
Mining dealmaker Mick Davis has won permission to export iron-ore from a planned mine in West Africa, adding momentum to the industry veteran’s comeback. Davis, through his new Niron Metals vehicle, has signed an agreement with Liberia that will allow …
Mick Davis moves closer to iron-ore mining with Liberian deal Read More »
South African mining stocks have had their best start to the year since 2016 and there’s every chance they are not done yet. The FTSE/JSE Africa Mining Index has gained 22% as of April 16 and is close to an eight-year high, helping South Africa’s bench…
Miners behind pre-poll South African stock rally not done yet Read More »
Almost 15 months into the job, and the boss of South Africa’s state-owned electricity company is getting to grips with issues spanning corruption to defective power plants that threatened to collapse the grid. “The days of surprises are over,” Eskom Ho…
Eskom CEO says ‘days of surprises’ over as problems exposed Read More »
A former US energy secretary dismissed the idea that an influx of foreign uranium imports is a threat to national security, rejecting what could be a justification for future import quotas to protect domestic suppliers.
“I have never considered uraniu…
Uranium imports aren’t a threat, Obama’s energy chief says Read More »
Just months after being freed from US sanctions, Russia’s largest aluminum maker plans to invest in a new aluminum rolling mill in Kentucky.
United Co. Rusal, controlled by billionaire Oleg Deripaska until the US Treasury forced him to reduce his stak…
With sanctions lifted, Rusal to invest in US aluminum mill Read More »
Venezuela sold about $400-million in gold despite a growing international push to freeze the country’s assets, according to two people with knowledge of the matter.
The amount, which would equal almost 9 t, was reflected by a drop in the bank’s total …
Venezuela is said to sell $400m in gold amid sanctions Read More »
Over more than a century, miners have been digging an open pit in northern Chile that’s now more than four times the size of New York’s Central Park.
The Chuquicamata mine has helped Codelco dominate the copper market as the world’s number one produce…
After 40 years, Chile copper giant is struggling to stay on top Read More »
