With two weeks until it releases quarterly earnings, Teck Resources can’t seem to catch a break.
The miner’s steelmaking-coal sales are threatened by heavy rain, snow and mudslides. Costs to build a new shipping terminal in British Columbia to get its…
Teck’s coal sales warning comes amid broader concerns for miner Read More »
Angolan State-owned diamond mining company Endiama plans to sell as much as 30% of its shares in an initial public offering in 2022. The sale is part of a government plan to increase transparency in the diamond sector and bolster production, chairperso…
Endiama says it is preparing for an IPO Read More »
China’s copper buyers are asking Chilean miners to delay shipments due to port shutdowns, adding to tumult in global commodity trade in the wake of the coronavirus outbreak.
While the suppliers haven’t reported any contract breaches, they have verball…
Virus hits copper trade as China asks Chile to defer cargoes Read More »
The Congress of South African Trade Unions (Cosatu), the country’s biggest labour federation, said significant progress was made on Wednesday in its talks with government and business over its proposed plan to cut Eskom Holdings’ debt. “There were broa…
Consensus is being reached over Eskom debt, Cosatu says Read More »
AngloGold Ashanti, a company that emerged from the South African mining empire created by Ernest Oppenheimer, is pivoting toward the Americas to develop more profitable assets.
The world’s No. 3 gold producer is studying projects in Colombia and Nevad…
South Africa’s AngloGold sees growth in Americas Read More »
The coronavirus is hampering the Canadian oil industry’s efforts to build relations with crude buyers in Asia.
A group of “energy-related” business executives were planning a trip to China in the middle of February, but those plans had to be scrapped …
Coronavirus impedes Alberta’s drive to reach oil markets in Asia Read More »
For years, the massive iron deposits under Guinea’s mountainous jungle were practically forgotten by the mining industry. Caught up in wrangles between owners and authorities in the West African nation, it seemed the super-rich ore might never be dug u…
The race is on for iron-ore riches buried under an African jungle Read More »
Private equity firms lost interest in the mining world last year, pumping 75% less money into the sector as they focused more on funding existing investments.
Investments dropped to $500-million from $2-billion a year earlier, according to a report by…
Private equity abandons mining as deal opportunities dry up Read More »
Mining companies under investor pressure to curb carbon emissions are weaning themselves off the most polluting power sources, and see lower costs in using alternatives.
Fortescue Metals Group joined rivals including BHP and Anglo American in flagging…
Miners ditching diesel seek to cut costs and emissions Read More »
At 22:00 on the second Sunday in December, a criminal platoon armed with AK-47 and R6 assault rifles stormed one of the largest gold mines still operating on South Africa’s fabled Witwatersrand basin. Moving with military precision, the 15 attackers to…
Gold mine gangs tote AK-47s to outgun South African police Read More »
