ron-ore slumped almost 5% — heading toward the $110 a ton mark — as disappointing demand in China left the market lumbered with bulging inventories. The steelmaking material has tumbled by almost a quarter from a peak in early January as China’s real estate and...
Gold rose toward a record on expectations the US Federal Reserve will move to cut interest rates this year as inflation cools. Bullion for immediate delivery edged higher on Monday after rallying almost 5% last week, setting a nominal high on four successive days....
Process and optimisation technology company Metso has launched the first of its Concorde Cell high-intensity pneumatic flotation units in Africa through local manufacturing partner Betterect, which fabricated Metso’s design in South Africa for the first time. Metso’s...
Yancoal has launched a host of funding packages to community groups near its operations in Western Australia and New South Wales. Ten local community groups in the Upper Hunter region of NSW will share in over $55,000 of funding thanks to Yancoal’s Ashton...
The share price of ASX-listed junior Magmatic Resources jumped more than 50% on Friday as the company announced a farm-in and joint venture agreement with iron-ore major Fortescue Metals. The agreement covers exploration of the Myall project, in New...
Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of R6 a share is well down on the R14 a share declared in the...
