by Gordon Barratt | Dec 8, 2022 | News
Diamond miner Lucapa Diamond Company has announced significant recoveries from a bulk sample from its Lulo kimberlite operation, in Angola. The company said that 20 diamonds had been recovered from the initial processing of around 20% of the kimberlite bulk sample,...
by Gordon Barratt | Dec 8, 2022 | News
Diversified miner Glencore has pulled the plug on the $1.5-billion Valeria coal mine, in Queensland, blaming the uncertainty in global markets and the Queensland government’s decision to hike coal royalties without any consultation with the sector. Glencore said in a...
by Gordon Barratt | Dec 8, 2022 | News
The Western Australian government has signed a memorandum of understanding (MoU) with the Japan Organization for Metals and Energy Security (Jogmec), expanding cooperation to include new and renewable energies. New and renewable energies covered by the MoU include...
by Gordon Barratt | Dec 7, 2022 | News
Global commodities trader Glencore asked a Moscow court on Tuesday to stop hearings relating to a €117-million lawsuit by Russia’s largest lender, Sberbank, over unpaid oil supplies and move the deliberation to Singapore. According to the database of Moscow...
by Gordon Barratt | Dec 7, 2022 | News
Oil and gas major Santos on Wednesday announced a simplified capital management framework which would see a minimum of at least 40% of yearly free cash flow returned to shareholders. The company said in a statement that the revised capital framework seeks to maintain...
by Gordon Barratt | Dec 7, 2022 | News
Gina Rinehart’s Hancock Prospecting recently made a $60 million play for Arafura’s Rare Earths’ Nolans project. What’s driving this move? Rinehart has set her sights on rare earths in a big way. Hancock Prospecting has pledged half of Arafura’s target price...
