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South32 lowers production while Fortescue sets record

South32 lowers production while Fortescue sets record

South32 has lowered its production guidance for the year across five of its mining operations following a challenging quarter. Meanwhile, Fortescue sees strong results with the first wet concentrate produced at Iron Bridge. South32 lowered 2023 targets for a handful...
Finnish Minerals ups holding in Keliber project

Finnish Minerals ups holding in Keliber project

The Finnish Minerals Group, which manages the Finnish State mining industry shareholdings, will increase its holding in the Keliber lithium project from 14% to 20%, by subscribing for €53.9-million of a previously announced €104-million rights...
Zimbabwe’s stabilisation plan requires $100m

Zimbabwe’s stabilisation plan requires $100m

Zimbabwe needs $100-million of gold to kick-start its proposed bullion-backed digital currency, as the southern African nation makes another attempt to stabilize its floundering dollar. The central bank will rely on gold reserves, which it has been accumulating, to...
Vedanta Resources cuts gross debt by $1bn

Vedanta Resources cuts gross debt by $1bn

Vedanta Resources, the parent of Indian resources major Vedanta, on Monday said it has trimmed its gross debt by $1-billion as the firm seeks to allay concerns over its ability to meet financial obligations beyond September....
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