Vale to sell Moatize coal mine to Vulcan for US$270M
Vale (NYSE: VALE) is selling its Moatize coal mine and the Nacala logistic corridor, a multibillion-dollar port and rail project in Mozambique, to Vulcan Minerals (TSXV: VUL) in a transaction…
Vale (NYSE: VALE) is selling its Moatize coal mine and the Nacala logistic corridor, a multibillion-dollar port and rail project in Mozambique, to Vulcan Minerals (TSXV: VUL) in a transaction…
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has picked outgoing Canadian ambassador to China and veteran management consultant Dominic Barton to lead its board as the miner tries to…
Mali has agreed to issue an exploration permit to B2Gold (TSX: BTO; NYSE-AM: BTG) for its Menankoto project, the company says. The permit will be given to a new Malian…
The 28-members of the International Council on Mining and Metals (ICMM) reported total tax payments of US$23.7 billion in 2020, an effective tax rate of 39.7%, and an increase of…
Ivanplats, the South African subsidiary of Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF), has struck two stream financing deals with Orion Mine Finance and Nomad Royalty for its Platreef palladium-rhodium-platinum-nickel-copper-gold project…
Africa has dominated news in the United Kingdom since a new variant of Covid-19 (now called Omicron) was identified in South Africa on November 25. Many African countries, particularly in…
It said stoppage will affect full-year production, placing it below the bottom end of the expected 100,000-110,000 gold ounces range.
Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to reach net zero emissions by 2050,…
Large scale gold miners make a big contribution to local economies, with a research report released by the World Gold Council today putting some numbers to that contribution. According to the report, The Social and Economic…
A substantial influx of interest from institutional investors and wealth management allocations has pushed the Global Palladium fund (GPF), an exchange-traded fund created by Russia’s Norilsk Nickel, above US$100 million…
Shares in Hummingbird Resources (LSE: HUM) fell as much as 20% to 13.23 pence on Monday after it halted operations at its Yanfolila gold mine in southern Mali, the company’s…
The S&P Global Market Intelligence November Commodity Briefing states that cobalt metal prices are expected to remain supported for the remainder of 2021 as logistical pressures persist. “There are no…
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