Alcoa said on Thursday it is considering laying off up to 534 workers from its San Ciprian aluminum plant in the Spanish region of Galicia, though a final decision has not yet been made.
High energy costs and low aluminum prices led to persistent los…
Alcoa considering more than 500 layoffs at Spanish plant Read More »
The C$1-billion deal to create West Africa’s largest gold miner received a near 100% vote of support from shareholders in Endeavour Mining.
The TSX-listed company on Thursday held a live audio webcast to allow shareholders to vote on the acquisition o…
Big shareholder thumbs up for Endeavour’s Semafo buy Read More »
The nationwide transition from lockdown Level 4 to Level 3 on June 1 would facilitate the return-to-work of almost eight-million more South Africans than had hitherto been allowed to do so, Trade, Industry and Competition Minister Ebrahim Patel said on…
In keeping with its commitment of spending R1.5-million to meet critical food supply in the King Cetswayo district, Richards Bay Minerals (RBM) is delivering food parcels totaling R900 000 to the uMfolozi and uMhlathuze municipalities for distribution …
Richards Bay Minerals continues to assist communities Read More »
As a result of the economic impact of Covid-19, there have been significant outflows of capital from emerging markets, many in Africa, thus far this year, as risk appetite weakens significantly and capital is redirected into safe haven assets, like gol…
Africa’s debt burden to rise from Covid-19 capital disinvestments Read More »
(Kitco News) – Credit Suisse sees more room for upside in gold-mining stocks based on the ratio of stock prices to net asset value (P/NAV), as well as an expectation that gold prices will rise some more.
Credit Suisse: P/NAV suggests room for more upside in gold-mining stocks Read More »
Prices for lithium, one of the key ingredients for the batteries that power electric vehicles (EVs) and high tech devices, are expected to climb in…
Lithium prices to jump as pandemic hinders expansions Read More »
JSE- and NYSE-listed gold and platinum-group metals (PGMs) miner Sibanye-Stillwater has confirmed that 51 employees from the Thembelani shaft, at its Rustenburg PGM operations, have tested positive for Covid-19. This follows as two employees from the s…
51 Sibanye employees test positive for Covid-19 Read More »
It has resumed operations at its three Mexican underground silver-gold mines.
Endeavour Silver reopens mines in Mexico Read More »
(Kitco News) – Gold prices lost some early-morning gains as the U.S. pending home sales surprised on the downside, marking a second monthly decline in a row amid the coronavirus outbreak.
Gold prices lose some altitude as U.S. pending home sales plunge in April Read More »
