Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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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…
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ASX suspends trading of West African Resources over Burkina Faso stake move
The Australian Securities Exchange (ASX) has suspended trading of West African Resources (WAF), the company that owns the Kiaka gold mine in Burkina Faso. The suspension follows a disclosure by…
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Mozambique approves investment projects valued at about US$5 billion in H1 2025
The Mozambican government has approved 115 investment projects valued at about US$5 billion in the first half of 2025, with the potential to create 17,000 jobs. Prime Minister Benvinda Levi…
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Harmony Gold reports a 20% revenue increase to US$4.07 billion in FY2025
Harmony Gold, South Africa’s leading gold producer, announced a 20% increase in revenue to US$4.07 billion for its fiscal year 2025, ending June 2025. This marks a significant rise from…
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BME to rollout hydrogen peroxide emulsions in SADC mining markets
Omnia Holdings company BME and Swedish-based Hypex Bio Explosives Technology (Hypex Bio) have advanced their partnership beyond Canada by initiating an infrastructure and product development programme for the Southern African…
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Transformational partnership to advance Cabora Bassa and establish Africa-focused upstream company
Invictus Energy Ltd. is pleased to announce a strategic partnership with Al Mansour Holdings backed by His Highness Sheikh Mansour bin Jabor bin Jassim Al Thani, a senior member of…
