News

The US Treasury sanctioned Belgian gold trader Alain Goetz and his African Gold Refinery, one of the continent’s biggest processors of the metal, for allegedly contributing to conflict in the Democratic Republic of Congo. Goetz and Uganda-based AGR are key players in Congo’s illicit gold trade, which is worth hundreds of millions of dollars each […]

Volkswagen has joined a group that sets environmental and social standards in mining as the world’s No.2 carmaker steps up efforts ensure its raw materials are sustainable, especially in electric vehicles (EVs). Big companies have come under increasing pressure from shareholders and consumers to meet stricter standards relating to the environment, social issues and governance […]

NYSE- and Aim-listed Caledonia Mining Corporation reported a 16% year-on-year improvement in gross profit to $54.1-million for the year ended December 31, 2021, a year which CEO Steve Curtis said marked a turning point for the company. Adjusted earnings a share amounted to 226c, against adjusted earnings a share of 204c in 2020. The company […]

China plans a massive increase in coal mining, a move that will dramatically reduce its reliance on imports and deal a blow to its near-term climate actions. The National Development and Reform Commission (NDRC), the nation’s top economic planner, told officials from major mining regions at a meeting late last week that it wants to […]

Guinea’s ruling junta has ordered a full halt of Rio Tinto’s (ASX, LON, NYSE: RIO) vast Simandou iron ore project in the country’s southeast, with interim president Mamady Doumbouya saying it is not clear how the mine will preserve national interests. The current government, who took power in a military coup in September, said in […]

US President Joe Biden has issued an executive order prohibiting the import of “nonindustrial” diamonds originating in Russia. The measures, which the White House announced on Friday, follow Russia’s continued war in Ukraine and build on earlier US sanctions outlawing debt and equity transactions with Alrosa and its CEO, Sergey Ivanov. Those previous rulings did […]

Tata Steel UK and British Steel have ended their reliance on Russia’s coal Coal is used to heat furnaces to 1,800C and is vital to steel-making processe Britain has imported 3m tons of coking coal from Russia over past four years Britain’s largest steel companies have halted imports of Russian coal as the West’s attempts […]