William Clowes

Appian Capital Advisory, a top mining-focused private equity firm, announced a $1 billion partnership with the World Bank’s private sector arm to back projects mainly in Africa and Latin America.

Operations restarted at Barrick Mining Corp.’s massive gold mine in Mali for the first time in more than nine months, after a state administrator took over the asset in June, according to people familiar with the matter.

The US Defense Department canceled a tender to buy cobalt, in a fresh sign of the challenges facing Western countries trying to bolster domestic supplies of the battery metal.

Cobalt prices have extended gains to a three-year high, as export curbs in the world’s top producing country threaten to create a shortage of the battery material and erode confidence in its ability to meet demand.

Democratic Republic of Congo unveiled cobalt export quotas for the rest of the year as an eight-month ban on shipments is set to lapse next week.

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The US is in talks to set up a $5 billion fund to invest in mining, in what would be the government’s most significant foray into dealmaking to boost supplies of critical minerals.

Glencore Plc’s ferrochrome venture in South Africa said it’s started restructuring talks that may lead to job losses months after shuttering some of its plants.

Harmony Gold Mining Co. shares dropped after the largest producer of South African gold warned of rising costs, even as record bullion prices pushed up profit.

Sibanye Stillwater Ltd.’s first-half loss narrowed as asset writedowns were partly offset by higher profits from gold mines in South Africa and relief from tax credits in the US.