Glencore suspends executive over Radiant scandal
GLENCORE has suspended Peter Hill, its head of steelmaking raw materials, as the fallout from its dealings with Singapore-based iron ore trader Radiant World deepens, the…
Iron ore majors struggle to replace depleted reserves
THE world’s biggest iron ore producers are depleting reserves faster than they can replace them, Bloomberg reported, citing research by Wood Mackenzie. The trend is pushing up…
Glencore faces $2bn lawsuit as it alleges Radiant World fraud
TRADING firm Radiant World has alleged Glencore deliberately kept the “true nature” of their partnership out of its own audited books, according to the Financial Times citing a…
Glencore in talks with Guinea on alumina, energy
GUINEA is in talks with Glencore over possible investments in alumina refining and energy after the two sides struck a bauxite deal last week, Reuters reported. State-owned Nimba…
Transnet targets leap in coal exports despite cash squeeze
TRANSNET has targeted 65 million tons (Mt) in delivered coal exports after another year of rail volume growth, but debt and weak cash generation have put a brake on its ambition.…
ARM leans on PGMs as coal, iron ore disappoint
AFRICAN Rainbow Minerals (ARM) benefited from a sharp recovery in its platinum business in its 2026 financial year, helping offset a swing into losses at coal and a steep decline…
BHP’s commercial chief Udd to depart in January
BHP Group’s chief commercial officer, Rag Udd, is to leave the world’s biggest miner at the end of January, said Bloomberg News citing LinkedIn posts. Udd’s departure marks the…
Can De Beers make diamonds forever again?
So … diamonds are forever, you say. Are we sure about that? The diamond market has, over the past few years, seen a cataclysmic shift that threatens its foundations to the core…
Exxaro lifts Grootegeluk rail shipments 50%
EXXARO Resources has recorded a roughly 50% improvement in direct coal railings from its Grootegeluk mine in the Waterberg coalfield in Limpopo to Richards Bay, CEO Ben Magara…
Diamonds to stay in Anglo Teck until anti-trust approval
IT was goodbye. As chair Stuart Chambers opened the interim results presentation recently for Anglo American, which is due to merge with Canada’s Teck Resources, he said: “I have…
BHP full-year profit jumps 30% as copper drives record earnings
DIVERSIFIED mining giant BHP reported better-than-expected full-year earnings and its highest annual dividend in four years, Reuters reported, as record copper prices boosted…
Kumba seals China iron ore deal
Anglo American’s Kumba Iron Ore has agreed a year-long supply deal with China’s state-backed iron ore buyer, China Mineral Resources Group (CMRG), Bloomberg reports. The…
Exxaro flags up to 23% earnings fall on lower Sishen, BMM income
EXXARO Resources expects first-half earnings to fall by as much as 23% after lower contributions from its investments in Sishen Iron Ore Company (SIOC) and Black Mountain Mining…
SA mining slump deepens as output falls 4% in June
South Africa’s mining production fell 4% year-on-year in June 2026, extending the sector’s weakness after a 5.1% decline in May. According to the latest Statistics South Africa…
Glencore wins Guinea bauxite offtake deal
GUINEA has selected Glencore Plc as the offtaker for bauxite produced by state-owned Nimba Mining, Bloomberg reports. The appointment followed an international tender, Mines and…
Anglo not exclusive with any buyer for De Beers, says CEO
ANGLO American had not entered into an exclusive agreement with any of the bidding consortiums for De Beers, said the group’s CEO, Duncan Wanblad. “We are not exclusive with any…
Kumba holds guidance despite costs, price pressure
KUMBA Iron Ore left production and cost guidance for the 2026 financial year unchanged despite being buffeted by freight and mining cost escalation in the first half of its year,…
Sundance wins $616m arbitration award against Cameroon
AUSTRALIAN miner Sundance Resources has won an International Chamber of Commerce arbitration dispute with Cameroon, securing roughly $616m in damages, interest and costs linked…
Anglo American shares jump on copper cost cut
ANGLO American shares climbed 5% on Thursday after the group trimmed its 2026 copper cost forecast and stuck by its production targets for its newly streamlined business, News24…
Worst rain in decades dampens Kumba Iron Ore earnings
RAIN and a stronger rand weighed on Kumba Iron Ore in the six months ended June, the Johannesburg-listed miner said in a trading update today. Headline earnings would come in…