Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Ghana takes over operations of Damang mine
The government of Ghana has taken control of the Damang mine operated by Gold Fields Ltd. after rejecting the company’s application to extend its 30-year lease. This move comes just…
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Botswana economy downgraded from stable to negative by Moody’s
Botswana’s economic outlook has been downgraded from stable to negative by Moody’s, as a result of the prolonged downturn in the diamond industry. In March, S&P Global Ratings (S&P), another…
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Exxaro and Eskom sign agreement to explore reducing carbon emissions
Exxaro Resources and Eskom today signed a Memorandum of Understanding (MoU) that focuses on collaboration on strategic initiatives, research, and projects in the areas of Carbon Emissions Reduction, Air Quality…
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The Ghana Chamber of Mines pushes back against new 3% levy
The Ghana Chamber of Mines has pushed back against recent justifications for increasing the Growth and Sustainability Levy (GSL), saying that they misrepresent the mining industry’s contribution to the national…
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Vedanta’s production of aluminium and mined metal rises in Q4 FY25
Vedanta registered an increase in aluminium, mined metal, iron ore, and saleable steel output and decline in production of oil and gas in the fourth quarter of FY25. The company’s…
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Mining input costs remained unchanged at 3.8% year-on-year
In February 2025, the Minerals Council South Africa’s Mining Input Cost Index rose 3.8% year-on-year (y-o-y), unchanged from the y-o-y growth recorded in January. A moderate improvement in the Nominal…
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MetalsGrove enters Ivory Coast with 3 gold permits acquisition
Australian mining firm MetalsGrove has signed a Binding Term Sheet for the acquisition of three gold permits in Ivory Coast Comprising the Vavoua, Vavoua West and Kounahiri West prospects, the…
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Gold price soars to new high on economic and market uncertainty’ pre-Trump tariffs
The price of gold soared to new all-time highs above US$3,120 an ounce on Monday as economic and market uncertainty price strategy ramped up ahead of the start of Donald…
