Mining

Glencore ups expectations for trading, cuts coal guidance

LONDON (Reuters) - Swiss-based Glencore said a stellar performance in trading would see it hit the top end of guidance for the...

Anglogold Ashanti CEO to step down on Sept. 1

JOHANNESBURG (Reuters) - Gold miner AngloGold Ashanti’s chief executive Kelvin Dushnisky will step down on Sept. 1, the company said on Thursday,...

Anglo American lowers dividend after 39% profit fall from lockdowns

LONDON (Reuters) - Diversified miner Anglo American said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it...

Nigeria in $1.5 bln oil prepay deal with traders Vitol, Matrix

LAGOS/LONDON (Reuters) - Nigeria’s state oil firm NNPC has signed a $1.5 billion prepayment deal led by Standard Chartered and backed by...

Kumba Iron Ore’s interim earnings fall on lower sales and lockdown

JOHANNESBURG (Reuters) - South Africa’s Kumba Iron Ore Ltd on Tuesday reported a 17% drop in interim earnings due to the impact...

Amplats profit falls as COVID-19 shutdowns weigh, sees H2 output recovery

Amplats said the possibility of further COVID-19 shutdowns, repairs at its plant and power outages could impact its ability to meet year end guidance of 3.1 to 3.6 million PGM ounces.

Gold surges to record high as dollar slips, Sino-U.S. row worsens

(Reuters) - Gold soared over 2% to its highest ever on Monday as heightened U.S.-China tensions hammered the dollar and sped up...

Amplats H1 earnings fall as pandemic and closure of processing facilities weigh

JOHANNESBURG (Reuters) - Anglo American Platinum (Amplats) on Monday reported a drop in half-year earnings, hurt by the impact of the new...

Petra Diamonds full-year revenues drop 36%, COVID-19 weighs

JOHANNESBURG (Reuters) - Petra Diamonds shares fell on Thursday after it reported selling 23% fewer diamond carats for 36% less revenue in...

Nigeria hopes gold mining reforms can bring in $500 million a year

ABUJA (Reuters) - Nigeria hopes changes it has made to gold mining regulation will earn the government $500 million a year in...

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