Glencore abandons plans to spin off its coal division, opting to retain coal operations amid investor pressure and support for strong cash flow generation.
News
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Petra Diamonds delays South African diamond sale amid weak market demand.
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Anglo Asian Mining receives approval to raise the tailings dam wall, resuming production at Gedabek mine.
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AngloGold Ashanti reports a 450% increase in its interim dividend and $206 million in free cash flow due to higher gold prices.
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AngloGold Ashanti’s dividend soars by 450% as free cash flow reaches $206 million, reflecting strong performance and growth in the mining industry
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Energy Resources of Australia sues the resources minister over denied uranium lease renewal, citing procedural unfairness. The outcome could impact future mining projects and regulatory frameworks in Australia.
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Kavango Resources discovers new gold zones at Nara, Zimbabwe, and releases an updated technical report for the Ditau project in Botswana.
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The reopened Rietberg copper mine, managed by Copper 360, is poised to become a significant revenue generator by leveraging modern technologies and sustainable practices.
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Gold prices fell more than 1% amid a global market sell-off driven by economic concerns, but analysts believe the metal could regain its footing due to persistent uncertainties.
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Glencore fined $152M for not preventing bribery by a business partner in Congo.