Vale’s dam breach left at least 60 people dead and 292 missing in Brazil, leading the world’s biggest producer of iron ore to suspend dividends as it braces for the financial fallout of the catastrophe. The shares plunged as much as 20%.
The collapse …
Vale plunges as deadly dam disaster leads to dividend suspension Read More »
The US Treasury Department lifted sanctions on three firms tied to Russian tycoon Oleg Deripaska, including United Co. Rusal, a move that will provide relief to the global aluminum market. The metal fell in London.
Deripaska, an ally of Russian leader…
Trump lifts Rusal, EN+ sanctions as Glencore shuffles stake Read More »
Barrick Gold’s new CEO, Mark Bristow, said his company is seeking solutions to a dispute over mining taxes in Zambia.
“We’re engaged with the government in a constructive way,” he told reporters at a press conference in the Ivory Coast’s economic capi…
Barrick CEO on Zambia tax dispute: Threats don’t solve problems Read More »
Norway’s massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel that’s seen as one of the main catalysts for global warming, according to a report.
The findings are a…
Loophole lets Norway’s $1tr fund boost its coal exposure Read More »
Ghanaian President Nana Akufo-Addo pledged that the incursion of illegal miners which forced AngloGold Ashanti to evacuate its Obuasi operation won’t be repeated. Speaking at a ceremony that marked the reopening of the century-old mine in the south of …
Ghana pledges no repeat of incursions at AngloGold mine Read More »
Tanzania intends to cancel permits for mineral sites belonging to large-scale miners that remain undeveloped and will allocate the licences to smallholders, President John Magufuli said. The announcement comes amid a tax dispute between the state and A…
Tanzania to cancel licenses for undeveloped mineral sites Read More »
There’s a better potential haven than gold for investors spooked by the risk of a recession this year – mid-sized producers who’ve outperformed both bullion and the rest of the mining industry.
Companies including Canada’s Kirkland Lake Gold and Austr…
There’s a golden shelter from recession risks at these mines Read More »
Zunaid Moti, who owns chrome businesses in South Africa and Zimbabwe, was released from detention in Germany after being held in Munich since August. Moti has returned to South Africa after an arrest warrant issued by Russia was canceled, according to …
South African businessperson Moti freed from detention in Germany Read More »
Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help.
Since the production curtailment was unveiled early last month, Western Canadian Sele…
Canadian oil surge fails to lift producers out of the doldrums Read More »
Zambia’s company registry reversed a decision to strip Israeli diamond billionaire Lev Leviev of his 50% stake in an emerald mine that’s at the heart of a $50-million dispute. The Patent and Companies Registration Agency, or Pacra, said in a letter on …
Israeli billionaire Leviev’s Zambia emerald mine stake restored Read More »
