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Diamonds.net - Petra Puts Tanzania Mine on Pause for Three Months

Petra Diamonds has halted production at its Williamson mine in Tanzania for at least three months following a wall breach.The pause will give the company time to build a new tailings storage facility that was already under construction before last week’s incident at the site. The new facility. ....

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BBCNEWS World Business Report June 4, 2024 04:31:00

Good to have you with us, if you havejustjoined us, it is time to get to business. economists warn the global economy is at a tipping point, and what can be done to prevent a global recession and stimulate growth will dominate discussions at this weeks annual meetings of the world bank and international monetary fund. the imf is set to downgrade its current forecast for 2.9 percent global growth in 2023 saying there are rising risks of recession and financial instability. the global economy faces pressures on every front whether it be increased interest rates to bring down soaring inflation, a strong dollar, the aftermath of a pandemic and of course the economic impact of the war in ukraine. to talk us through the challenges i m joined by holger schmieding, chief economist at berenberg. ....

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