News
Angola seeks 20%-30% stake in De Beers: Report | Company Business News
4+ hour, 7+ min ago (399+ words) Cape Town: Angola is pursuing a 20%-30% stake in Anglo American's diamond unit De Beers, a proposal being discussed with other diamond-producing African nations, a senior official from Angola's mining ministry told Reuters on Sunday. De Beers, one of the world's…...
Congo mine collapse: At least 200 dead after landslide triggers tragedy in rebel-held area | Today News
1+ week, 1+ day ago (418+ words) A landslide earlier this week collapsed several mines at a major coltan mining site in eastern Congo, leaving at least 200 people dead, rebel authorities said Saturday. "For now, there are more than 200 dead, some of whom are still in the…...
Copper prices hit a record high. Why a blowup could be coming soon.
1+ week, 2+ day ago (562+ words) The price of copper spiked and then suddenly dropped Thursday, in a wild day for the metal. The most active copper continuous contract climbed 11% to an all-time high of $6.58 a pound in morning trading. Prices first surged late Wednesday night,…...
India to invest in Canada's critical minerals sector, says Oil Minister Hardeep Puri
1+ week, 5+ day ago (293+ words) India is eager to invest in the mining of vital minerals within Canada and will dispatch a team shortly to negotiate mutual cooperation in the industry, Oil Minister Hardeep Singh Puri said on Tuesday. Speaking to the media following a…...
Panna: Where debt and desperation force thousands to dig for sweat diamonds
1+ week, 5+ day ago (1364+ words) The conversation took place in Krishna Kalyanpur village in Panna district, about an hour and a half away from the medieval Khajuraho temples, a Unesco World Heritage Site in Madhya Pradesh famous for its intricate sandstone carvings and explicit sexual…...
Ex-BHP Executive to Become Minister as Chile Seeks Copper Boost | Company Business News
2+ week, 5+ day ago (263+ words) (Bloomberg) -- Lea la nota en espa'ol A former BHP Group executive will become Chile's next mining minister, taking charge of efforts to expand copper and lithium production in the country with the largest reserves in the world of both metals....
Why copper will heat up air conditioner prices this summer
3+ week, 4+ day ago (772+ words) The price of copper'crucial for wiring, coils and cables'has surged nearly 60% over the past year, pushing up costs across appliances, electric vehicles and power infrastructure. Domestic copper futures on the Multi-Commodity Exchange (MCX) were trading at "1,281 per kg on 9 January. According…...
China is flexing its rare-earth muscle but Japan could fend off the threat
4+ week, 12+ hour ago (489+ words) To a hammer, every problem is a nail. If your most potent means of geopolitical leverage is threatening supplies of high-strength magnets, rare-earth elements will always be the solution. That's the latest approach Beijing is taking in its dispute with…...
Green power is hot again, Stonepeak circles AM Green for mega deal | Company Business News
4+ week, 2+ day ago (464+ words) Alternative investment firm Stonepeak is seeking up to 15% stake in the holding company of green energy firm AM Green in a deal potentially worth around $1.4 billion in equity value, two people aware of the development said. The US-based investor is…...
China Is Overplaying Its Rare-Earth Hand in Japan
1+ mon, 1+ day ago (408+ words) To a hammer, every problem is a nail. If your most potent'means of geopolitical leverage is threatening supplies of high-strength magnets, rare-earth elements will always be the solution.' That's the latest approach Beijing is taking in its dispute with Tokyo'sparked…...