Thomas Biesheuvel

BHP Group said it expects the expansion of its giant Jansen potash mine to cost $6.9 billion, the latest in a series of cost and time overruns for the project in Canada.

BHP Group will take a $US2.3 billion ($3.3b) writedown on its giant Jansen potash mine, after announcing the latest in a series of cost and time overruns for an expansion of the project in Canada.

Rio Tinto Group is in talks with oil-trading giant Vitol Group about setting up a freight and logistics joint venture, less than five months after ending talks to buy rival miner and trader Glencore Plc.

De Beers has made some of the deepest ever cuts to its official diamond prices, potentially signaling an end to its years-long campaign to hold them well above the market rate.

The cuts come at the company's first sale since dramatically reducing the number of its handpicked buyers, a strategy it sees as key to funneling more diamonds to its strongest customers.

De Beers hat seine offiziellen Diamantenpreise so stark gesenkt wie selten zuvor. Das könnte das Ende der jahrelangen Strategie markieren, die Preise deutlich über dem Marktniveau zu halten.

Diamond giant De Beers plans to halt production at its South African mine for two years, as the one-time monopoly continues to wrestle with one of the deepest crises to ever hit the industry.

De Beers has sought to lower production to try and support prices, but a glut of stones from Angola and weak demand has undermined those efforts.

First Quantum Minerals Ltd. is in talks to sell a stake in one of the world’s biggest undeveloped copper projects as rival miners and strategic investors rush to boost exposure to the metal.

The preferred bidder is in talks with Botswana as Anglo advances plans to exit the world's biggest diamond producer.