Rio will cut short-term bonuses of some senior executives after internal review found “systemic failures in the cultural heritage management system”.
Rio Tinto chiefs lose millions over aboriginal site blast Read More »
A strong gold price supported Aim-listed Shanta Gold’s profitmaking to $15-million for the six months ended June 30.
This compares with the $4.1-million loss reported for the prior comparable six months.
Shanta’s first-half profit given a boost by higher gold price Read More »
Investment firm Templar Capital, an independent creditor in the Optimum coal mine, has, in conjunction with the Optimum business rescue practitioners (BRPs) and other significant creditors, proposed a business rescue plan that is expected to be present…
Templar proposes R1.3bn debt-to-equity conversion to rescue Optimum Coal Read More »
Eight concerns, including diversified mining and marketing company Glencore, have joined forces to transform the informal mining of cobalt for the better. Full implementation would take five years and would begin in mines in Kasulu and Kamilombe in the…
Glencore part of giant leap to transform informal cobalt mining Read More »
More than a thousand mine workers in Indonesia blocked access to the Grasberg gold and copper mine operated by the local unit of Freeport-McMoRan on Monday to protest a coronavirus lockdown policy that halted bus services to meet with families.
Grasbe…
Upset by lockdown, workers bar access to Freeport Indonesia’s Grasberg mine Read More »
Eight concerns, including diversified mining and marketing company Glencore, have joined forces to transform the informal mining of cobalt for the better. Full implementation would take five years and would begin in mines in Kasulu and Kamilombe in the…
Glencore takes giant leap to transform informal cobalt mining for the better Read More »
Vietnam is the new coal exporter’s darling, as imports surged during the COVID-19 pandemic, increasing around 46% y-o-y. The country has imported circa 36-million tonnes so far this year, although Indonesia, Russia and China are the major suppliers. SA…
Weekly Coal Index Report Read More »
Junior Alice Queen will raise A$7-million to fund exploration.
The company would issue more than 159-million shares, priced at 4.4c each under its existing placement capacity, with the company saying on Monday that the placement was strongly supported…
Alice Queen raises exploration funds Read More »
ASX-listed Senex Energy has reported increased production and sales revenue for the full year ended June as the company completed it’s A$400-million Surat Basin gas development projects.
Production for the full year was up 73% on the previous financia…
Senex’s higher production drives increased revenue Read More »
TSX- and AltX-listed Buffalo Coal Corporation has posted a net loss of R87-million for the six months ended June 30, compared with a net profit of R25.3-million reported for the six months ended June 30, 2019.
This is a decrease of more than 200% yea…
Buffalo Coal posts R87m interim loss Read More »
