The mining and metals industry has fared “quite well” during the second quarter, despite the challenging landscape brought on by the Covid-19 pandemic, says professional services firm EY Canada mining and metals co-leader Jeff Swinoga. “This is not the first time this sector has had to face adversity,” he said
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The broader portfolio of diversified mining and marketing company Anglo American is positioned to contribute an environmental-led new materials demand in a world that is seeing widespread investment plans in hydrogen, Anglo CEO Mark Cutifani said on Thursday. “We’ve seen the early evolution of electric vehicles and some of the
Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand. De Beers, a unit of Anglo American, earlier reported plunging earnings in the first half of
“The COVID-19 crisis heightens the importance of a steadfast implementation of pro-growth reforms to ensure sustainable and inclusive medium-term growth.” The post IMF approves US49.1 million for COVID-19 support in Lesotho appeared first on Miningreview.com.
London-listed Gem Diamonds CEO Clifford Elphick says the company’s positive sales made during the six months ended June 30 demonstrated the resilience of its large diamonds during a global crisis and continued demand for high-quality diamonds. The impact of Covid-19 on the tender process for the sale of its diamonds
The first half of 2020 has tested society to its limits, Anglo American CEO Mark Cutifani said on Monday, when the company reported 39%-lower $3.4-billion half-year earnings before interest, taxes, depreciation and amortisation (Ebitda). The interim dividend of $0.28 a share declared by Anglo is consistent with its 40% payout
