Five expatriate employees of SL Mining, a subsidiary of London-based Gerald International, were arrested Wednesday on suspicion of instigating unrest, the mining company said in a statement Saturday.
The five, members of senior management who are from…
Sierra Leone detains five expatriate managers at iron-ore mine Read More »
Russian President Vladimir Putin ordered the army to send military staff and medical equipment to help the country’s largest gold miner, Polyus, fight the Covid-19 outbreak at its Siberian unit.
Personnel and more than 2 tons of medical equipment, inc…
Putin sends army to fight virus outbreak at Siberian gold mine Read More »
Gold and silver are finishing the week on a high note, lifted by concerns over economic growth, a second wave of virus infections and simmering tensions between the U.S. and China. Gold headed back toward its peak in April, when prices hit the highest …
Gold, silver race higher on fear of second virus wave Read More »
Sasol is considering additional divestments, including the potential sale of stakes in an African gas pipeline and a Middle Eastern plant, as it explores ways to reduce its $10-billion debt pile, people with knowledge of the matter said. South Africa’s…
Sasol to mull adding pipeline, Qatar plant to disposal plan Read More »
Alcoa Corp CEO Roy Harvey isn’t ready to declare that the world is on the road to recovery yet.
Speaking at a virtual metals and mining conference on Thursday, the head of the aluminum producer said there remains too much uncertainty in global economi…
Alcoa CEO sees no certainty a definitive recovery is coming Read More »
Vedanta Resources’ Zambian unit, which is in provisional liquidation, is fighting to keep the lights on after a power company threatened to reduce supply because of a $132-million bill, according to court filings.
Konkola Copper Mines Plc, Zambia’s bi…
Zambia copper miner fights $132m electricity bill Read More »
Murray Energy allegedly violated a bankruptcy financing agreement after manipulating financial information, according to court papers filed by one of its lenders.
GACP Finance, owed some $90-million under a loan tied up in Murray Energy’s bankruptcy f…
Lender says Murray Energy violated deal in ‘brazen’ loan default Read More »
Billionaire Anil Agarwal plans to take Indian commodities giant Vedanta Ltd. private as the tycoon continues to simplify his investments.
The businessman is proposing a price of 87.5 rupees ($1.16) per share to buy the 49.9% he doesn’t own of the comp…
Anil Agarwal explores buyout of India’s Vedanta Read More »
Under fire from investors who have called for his ouster, the chief executive of Teck Resources said the miner has weathered downturns before.
On Monday, Impala Asset Management revealed it sent a letter to Teck’s board in February, criticising CEO Do…
Teck’s CEO says the miner has survived downturns before Read More »
Senator Ted Cruz said he plans to introduce legislation on Tuesday that aims to end US reliance on China for rare earth elements used in the manufacturing of products including consumer electronics, electric vehicles and fighter planes.
The Bill is pa…
Ted Cruz seeks to end US dependence on China for rare earth metals Read More »
