Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Bullied to billions, South African mining titan Pinagare Mogodi
Pinagare Mogodi is a South African born businessman and CEO of his self-founded multi-billion Rand mining company, Matsapa-A-Botshelo. But he wasn’t always wealthy, and nor was he born into an…
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Thor Explorations gains 100% ownership of Douta gold project
Thor Explorations Ltd. has agreed to acquire the remaining 30% economic interest in the Douta gold project, in Senegal, from JV partner. The transaction increases Thor’s ownership in the project…
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Akobo Minerals completes financial restructuring
Akobo Minerals AB (publ), the Scandinavian-based gold producer operating in Ethiopia, announces that it has completed its financial restructuring by amending and restating in full the terms of the loan…
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Lesotho’s biggest diamond mine cuts 240 workers
Lesotho’s biggest diamond mine, Letseng, has laid off 240 workers, a fifth of its workforce, as it battles persistently low gem prices due to weak demand and an uncertain global…
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ZCCM reports strategic progress amid operational and market challenges
The first half of 2025 has been a period of sustained strategic progress for ZCCM Investments Holdings Plc, building on the solid transformation foundation established in 2024. This momentum follows…
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Glencore plans job cuts at South African ferrochrome and vanadium operations
Glencore said that a retrenchment process has been initiated at its joint-venture Rustenburg ferrochrome smelter and vanadium operations in South Africa as significant economic pressures continue to impact the businesses.…
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Sayona and Piedmont form Elevra Lithium with a US$623 million merger deal
Australia’s Sayona Mining Ltd. has completed a US$623 million merger with U.S.-based Piedmont Lithium Inc., creating a jointly owned company with assets in Canada, Australia and Ghana. The combined firm,…
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Aurum buys 35% of Ivorian miner Major Star Plus Sarl
Aurum Resources, operator of the Boundiali and Napié gold deposits, announced a definitive agreement to acquire a 35% stake in Major Star Plus Sarl (MSP), an Ivorian mining company. The…
