Nickel posted its best quarterly performance since 2010 as investors expect Indonesia’s year-end ban on exports of raw ore to tighten supply.
The metal used in stainless steel and batteries surged after Indonesia said on September 2 that the ban on ni…
Nickel posts best quarter in nine years Read More »
Debt-laden South African power utility Eskom Holdings has narrowed its search for a new chief executive officer as the government finalizes a plan to rescue the business. The measures are key in a state effort to overhaul what’s seen as the biggest thr…
October is deadline for Eskom with CEO, rescue plan awaited Read More »
Billionaire fortunes are getting whipsawed by global trade tensions, but for one group – tycoons with major holdings in gold-mining assets – it’s a prosperous time. Four mining billionaires, including Egypt’s Naguib Sawiris and Russia’s Suleiman Kerimo…
Gold buying spree adds $1.8bn to fortunes of metal miners Read More »
De Beers is continuing its policy of offering almost unprecedented flexibility to diamond buyers as the mining company works to fend off a slump in demand for the gems, according to people familiar with the situation. The Anglo American unit extended t…
De Beers keeps special terms in place for another diamond sale Read More »
ArcelorMittal is evaluating a potential sale of some of its iron-ore operations, as the world’s biggest steelmaker seeks to cut debt by divesting non-core businesses, people familiar with the matter said.
The company is reviewing its iron ore assets i…
ArcelorMittal to review Canada, Brazil iron assets Read More »
Oil is heading for the biggest weekly loss since July on indications Saudi Arabia is restoring lost crude production quicker-than-expected after attacks on its key energy infrastructure. Futures slid as much as 0.6% in New York on Friday. The kingdom i…
Oil set for worst week since July as Saudis restore production Read More »
Former Blackjewel employees blocking a coal train in Kentucky in protest of working without pay are shutting down the demonstration after close to two months, still empty-handed.
Laid-off miners, their friends and family had set up camp on railroad t…
Former miners who stared down a coal train end their protest Read More »
South African power company Eskom Holdings has shortlisted three candidates for chief executive officer to lead the loss-making utility out of its debt crisis, according to three people familiar with the process. Andy Calitz, who started his career as …
Eskom’s CEO-shortlist candidates include former executive Maroga Read More »
BHP Group has talked to Anglo American CEO Mark Cutifani about running for the top job at the company, according to people familiar with the matter. BHP made the approaches earlier this year and again more recently, said the people, who asked not to be…
BHP approached Anglo American chief Mark Cutifani for CEO role Read More »
The Brazilian government is pushing ahead with a controversial bill that allows mining activity on indigenous lands, and it won’t give local communities any veto power, a cabinet member said.
The private sector will naturally refrain from exploring in…
Brazil to push forward mining on indigenous land amid opposition Read More »
