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...
Fenix Resources has delivered record iron ore shipments for the second consecutive quarter, following its third mining operation coming online. Fenix shipped a record 760,000 wet metric tonnes (wmt) of iron ore from its facilities at Geraldton Port across 13 vessels...
Fortescue has banked record iron ore shipments for both the June quarter and 2024–25 financial year (FY25), crediting the milestones to its “relentless focus” on safety, efficiency and operational excellence. Fortescue shipped 55.2 million tonnes (Mt) of iron ore...
