Botswana’s President Masisi is pushing for the quick separation of De Beers from Anglo American to ensure more control and profits from the country’s diamond resources.
News
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President Mokgweetsi Masisi of Botswana counters the economic threats posed by synthetic diamonds with a $6 billion diamond mine project.
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Sibanye-Stillwater plans R6.6 billion in annual savings by optimizing asset management and enhancing operational efficiency to boost sustainability.
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In a surprising turn of events, BHP Group walked away from its proposed $49.2 billion takeover of Anglo American Plc. The deal’s demise hinges on a disagreement over Anglo-American’s South African assets. BHP sought to acquire these assets to become the world’s leading copper producer, but Anglo American rejected the deal structure.
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Mongolia defends its decision to establish a sovereign wealth fund funded by mining resources, emphasizing the strategic importance of leveraging mineral wealth for economic stability and development.
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Exploration & DevelopmentNews
China’s Post-Covid Return to Africa to Boost Infrastructure and Minerals
China intensifies its economic presence in Africa, targeting essential minerals for global energy needs while promising mutual growth and modernization.
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Sibanye-Stillwater’s measures to secure R6.6 billion in savings and defer capital expenditures focus on efficiency and cost reduction.
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Copper prices have experienced a rollercoaster ride in 2024, reaching record highs in May before retreating significantly. Experts are now downgrading their forecasts, citing factors like receding demand and potential supply increases.Â
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CITIC Metal to reduce its stake in Ivanhoe Mines by 2%, amid heightened scrutiny of foreign investments in Canada’s mining sector.
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BHP and Rio Tinto launch trials for electric haul trucks in Australia’s Pilbara, aiming to drastically reduce mining emissions and advance sustainable technology.