Anglo American shares drop on South Africa challenges, production cut
Shares hit their lowest point since March 2020 after the miner unveiled plans to drastically cut the amount of commodities it mines.
Anglo American
Crude Anglo American email highlights cyber-hack threat
Subscribers to global miner Anglo American’s (LSE: AAL) email newsletter service might have received an eyebrow-raising message from the company on Monday telling them to “GO F**K YOURSELF.” The company’s…
Sibanye-Stillwater cuts about 300 jobs in US to lower costs
Precious metals producer Sibanye-Stillwater (NYSE: SBSW) said on Wednesday it will proceed with expected job cuts at its U.S. platinum-group metals (PGM) operations, as declines in metals prices make it…
Ivanhoe to start copper exploration in Angola
Ivanhoe Mines (TSX: IVN), founded by billionaire Robert Friedland, plans to begin exploring Angola early next year for copper after securing rights over an area the size of Switzerland. The…
De Beers’ diamond sales plunge on slow Asian demand, restricted supply
Tough economic conditions in China and India cut rough diamond sales by De Beers by 80% from a year ago as the company continued to keep stones off the market,…
CMS: Ex-Teck CEO Lindsay touts coal sale to boost stock
Don Lindsay, who led Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) for 17 years, backed the company’s case behind selling coal assets to recoup billions in valuation. Teck’s Quebrada Blanca 2…
LIAMforum returns for second year to counter youth skepticism of mining
As questions arise every year over whether schools are producing enough mining graduates, so does the need to keep introducing youth to all facets of the industry. That’s why the…
How miners can better manage community resettlement as demand for metals rises
It’s an undeniable fact that the world needs more metals to deal with the effects of climate change and to achieve net zero by 2050. Renewable energy (solar panels, wind…
Canada Nickel cuts grades greater than 1% at Texmont
Results from the last 11 holes of Canada Nickel Company’s (TSXV: CNC) winter drill program returned high-grade and near-surface nickel mineralization at its Texmont project in northern Ontario. Seven of…
Chile’s mining royalty bill heads for final vote
Chile’s senate has approved an amended mining royalty bill, in the works for almost two years, passing it back to the lower chamber for a final vote expected to come…
Teck Resources confirms mulling a coal business spin-out
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), has confirmed it is considering spinning out to shareholders its metallurgical coal business, sending shares up more than 10% on Thursday. The…
From gun searches to kimberlites, AI makes inroads in Canadian mining
An artificial intelligence (AI) executive who co-founded a company searching for concealed weapons is now fronting another firm using similar technology to hunt for hidden mineral deposits. The company, Montreal-based…