BHP has become the latest mining giant to consider exiting thermal coal as climate change pressure from investors and activists continues to push companies away from polluting fossil fuels. According to unnamed sources familiar with the matter, BHP is looking at options to divest its thermal...
Acacia Mining has released a report by a consultant that estimates its value to be 38% higher than the offer made by its majority shareholder Barrick Gold, extending the dispute between the two gold miners. The report put Acacia’s ‘preferred value’ at 271 pence per share,...
Australia’s main heavy industries trade union has called for a temporary stoppage of production at all Queensland mines after a fourth fatality in just six months occurred at a mine site on Sunday. A 27-year old man suffered fatal head injuries at the Baralaba North coal...
South African mining firm Afrimat has announced it has withdrawn its offer to buy Australian-listed Universal Coal, citing the size and complexity of the transaction. Universal, a company with coal operations in South Africa, received a bid from Afrimat in April for its entire issued share...
At least 41 artisanal miners were killed on Thursday when part of a Glencore-owned copper-cobalt mine in Democratic Republic of Congo (DRC) collapsed. The incident occurred in the KOV open pit mine at the Kamoto Copper Company (KCC) concession in Southeast DRC. Glencore’s subsidiary Katanga Mining...
Australian copper firm Sandfire Resources has acquired fellow ASX-listed miner MOD Resources at the second time of asking, after submitting an improved AUS$167 million deal for the Botswana-focused explorer. Sandfire’s initial $94.5 million bid was rejected in January by MOD, who said the offer significantly undervalued...
Gold prices are heading towards the near six-year highs reached in the previous trading session last week, as tensions between the US and Iran continue to rise against a backdrop of a weakening global economy. Spot gold climbed by 0.5% to US$1,405 per ounce in Monday...
Resolute Mining has commenced trading on the London Stock Exchange (LSE) as the African-focused gold miner looks to broaden its global investor base and accelerate its growth plans. The ASX-listed company’s managing director and CEO John Welborn said London was an obvious choice for its secondary...
Embattled gold firm Acacia Mining has given a strong-worded response to a statement issued by its parent firm Barrick Gold regarding Acacia’s mining operations and its relationship with the Tanzanian government. Acacia said its ‘strongly disagrees with a number of statements’ Barrick made and questioned the...
Indian conglomerate Adani is set to start construction on the controversial Carmichael coal mine in Queensland, after Australia’s government provided final federal approval for the large-scale project. Plans for the mine – located in Queensland’s Galilee Basin – were first laid out almost a decade ago,...