Markets

Rio Tinto asked to end “value destructive” structure

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LONDON-based hedge fund Palliser Capital published a letter sent to the chair of Rio Tinto in which it asked the group to take further...

Minerals exploration spend falls for second consecutive year

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EXPLORATION for minerals fell for the second consecutive year in 2024, sliding six percent to $12.5bn, according to a report by the Financial Times. Citing...

Mali suspends artisanal mining permits to foreigners

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MALI has suspended the granting of new artisanal mining permits to foreigners following accidents in recent weeks that claimed 56 lives, many of them...

Kenmare shares soar after firm rejects takeover proposal

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KENMARE Resources said on Thursday it had rejected an initial €565m takeover bid from a consortium led by its former MD Michael Carvill. The titanium...

Mining magnate Beny Steinmetz to be freed by top Greek court

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GREECE'S top court has ordered the release of Israeli mining magnate Beny Steinmetz, setting aside a lower court ruling for his extradition to Romania...

How might Trump’s tariffs affect the global metals sector?

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THE US government confirmed in February its intention to remove all exemptions and restore section 232 import tariffs on steel (25%) and aluminium (25%,...

Does Ukraine have rare earth minerals?

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IF Ukraine has a lot of rare earths, it's news to the US Geological Survey, which doesn't include the country in its list of...

Mining can be a force for good if it first owns...

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CAN mining be a force for good? Some of the world’s largest mining companies point to a recent report by the International Council on...

Cutifani says Odin partnership to target mid-tier miners

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MARK Cutifani has upended the notion that running Anglo American is a career apogee. Since leaving the UK miner in 2021, he’s remained as active...

Froneman plans to continue fight against crime syndicates

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NEAL Froneman, the outgoing CEO of Sibanye-Stillwater, said he planned to continue serving on the Joint Initiative on Crime and Corruption — a partnership...