Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Glencore to cut costs by US$1 billion
Glencore plc said it will cut about US$1 billion of costs after a review of its sprawling network of mines and smelters, as it raised the long-term profit forecast for…
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Kumba Iron Ore H1 profit flat despite increased sales
Anglo American’s South African unit Kumba Iron Ore said on Tuesday its half-year profit was flat despite a 3% increase in sales, as weak global steel demand impacted prices. Kumba reported…
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Ghana cancels US$1.2 billion bauxite deal, eyes global partnership
Ghana has cancelled a US$1.2 billion bauxite lease with local firm Rocksure International, seeking a partnership instead with a big overseas company to tap one of West Africa’s richest deposits,…
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De Beers rough diamond production in Q2 2025 sinks by 36%
De Beers Group continues to hold back on diamond production as demand for rough diamonds remained lower. The company’s Q2 production reported was released Thursday, part of parent company Anglo…
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Rio Tinto evaluates strategic options for its titanium business
Rio Tinto Ltd. is evaluating strategic options for its titanium business, including a potential sale, amid persistently weak global prices and falling returns. The review comes as incoming CEO Simon…
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New Ghana mining laws to shorten licence periods, boost community investment
Ghana plans to shorten mining licence durations and mandate direct revenue-sharing with local communities in its most sweeping mining law reforms in nearly two decades, details of which were announced…
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Anglo American production results for Q2 ended 30 June 2025
Anglo American reported mixed production results for the second quarter ended 30 June 2025, with copper and iron ore output in line with guidance while other segments saw notable declines.…
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Zimplats weighs reopening mothballed mine
Impala Platinum’s Zimbabwean business is considering reopening a mine mothballed in 1998, after platinum prices rallied to their highest level in more than a decade. Australia-listed Zimplats, 87% owned by…
