Australia’s Whitehaven Coal reported an almost 9% rise in production for the fourth quarter on Friday on the back of a strong performance at its mines, while flagging price pressures due to an uncertain trade and demand environment. Its...
Newmont surpassed Wall Street expectations for second-quarter profit as the world’s top gold miner benefited from a rally in bullion prices, sending its shares 4% higher in extended trading on Thursday. Prices of the precious metal have consistently set...
Top copper supplier Chile on Wednesday bumped up its outlook for prices of the red metal, though it flagged lagging output from a major mine operated by Glencore and Anglo American as weighing on economic growth. Finance Minister Mario Marcel, in a presentation...
Botswana is seeking to take a controlling stake in De Beers as Anglo American prepares to divest from the diamond giant, the Financial Times reported on Wednesday, citing the country’s mining minister. Mining Minister Bogolo Kenewendo told...
In 2022, the European Union slapped the Kremlin with sanctions on all coal exports, impacting a quarter of all Russian coal exports worldwide in response to Russian President Vladimir Putin’s invasion of Ukraine. The United States has also tightened its own sanctions...
