Copper price drops despite a 65% surge in China imports

Copper for delivery in September trading in New York briefly dipped below the $3.00 a pound ($6,600 a tonne) in afternoon trade, declining 2% from the more...

Zinc price to enter long term structural decline in 2021

Zinc prices fell by 17.3% over the first three months of 2020, but have since recovered to post new highs for the year. Three-month...

India: 38 coal mines to be offered in auction for commercial mining.

The list of coal mines for sale of coal has been amended and 38 mines will be offered for auction for commercial mining, the Ministry of Coal...

Namibia: Namibia Critical Metals secures $5m discretionary financing from Alumina Partners.

Namibia Critical Metals announced it has entered into a drawdown equity financing facility with Alumina Partners (Ontario), an affiliate of New York-based private equity firm Alumina Partners,...

Zambia: Now Glencore dumps Mopani, puts its entire stake in Mopani on the table...

Glencore will likely sell its entire 73.1% stake in Zambia’s Mopani Copper Mines to the government’s mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two...

Zimbabwe: Mining sector ready to attain US$12bn export target.

The mining sector is on course and is primed to attain its Government set 2023 milestone of hauling minerals worth US$12 billion, Finance and Economic Development Minister...

Mozambique: Kenmare Resources sees profit fall on the back of lower production levels.

Mozambique-focused Kenmare Resources has seen its profit fall by over 40 percent in the first half of this year on the back of lower production levels.

Zambia: Konkola Copper Mines (KCM) pays debts.

COPPER production has significantly improved at Konkola Copper Mine (KCM) and has helped the company clear debts owed to suppliers and contractors, liquidator Milingo Lungu has said.Mr...

Canada: Newmont Corporation has inked a Strategic Alliance Agreement with Kirkland Lake Gold...

KL to jointly evaluate regional exploration opportunities around the former’s Timmins properties and Kirkland Lake Gold’s Ontario, Canada-based Holt Complex.Under terms of the Agreement, Newmont will pay...

Australia: BHP, the world’s largest miner, backs away from coal projects.

The world's largest mining company is looking to reduce its exposure to coal as opposition to high-carbon energy sources takes hold. BHP, which is based in...