Gold reserves held by Venezuela’s central bank fell by $1-billion in the first half of 2019, official data released this week showed, amid opposition accusations that the government is selling the precious metal abroad to raise revenue in the face of U…
Venezuela gold reserves drop by $1bn in first half 2019 Read More »
LUSAKA (Reuters) – Zambia should keep mineral royalties capped at 7.5% in the 2020 budget to safeguard the health of the mining sector and promote additional investment, the Chamber of Mines said on Tuesday.
The mining body said in proposals submitted…
Zambia mining firms say mineral royalties should be capped at 7.5% Read More »
Miner and trader Glencore has won a dispute with Australia’s tax office after a court ruled it had paid the correct amount of tax on purchases of copper concentrate from a mine that it owns in New South Wales state.
Australia’s tax commissioner alleg…
Glencore wins transfer pricing court battle with Australian tax office Read More »
South Africa’s Association of Mineworkers and Construction Union (AMCU) said on Monday its threatened de-registration for not complying with labour laws had been halted and that it was in the process of meeting government requirements. In April, the go…
AMCU says de-registration halted Read More »
Greece’s new conservative government will soon issue permits for Canadian miner Eldorado Gold’s development in northern Greece, its Energy Ministry said on Monday.
Vancouver-based Eldorado has two operating mines and two development projects in north…
Greece will soon issue permits for Eldorado Gold’s project Read More »
Rio Tinto has triggered an arbitration process with billionaire industrialist Sanjeev Gupta’s GFG Alliance because the company did not make final payments for its purchase of the Dunkerque aluminium smelter in France, Rio said on Monday.
Rio sold the…
Rio Tinto takes GFG Alliance to arbitration over outstanding smelter payments Read More »
Having raced to ramp up lithium production over the past five years to exploit surging prices, Australian producers are now scrambling to cut supplies as prices plummet on falling demand in the world’s top electric vehicle market.
Miners say they see …
Australian lithium miners submerged by low prices Read More »
World top copper producer Codelco saw profits plunge 74% to $318-million in the first half of 2019, the company said on Friday, as the Chilean State miner confronted falling prices globally and labor strife at its flagship Chuquicamata mine in northern…
Codelco profits plunge on falling copper price, labour strife Read More »
Chile’s State-owned Codelco , the world’s top copper miner, will decide by early 2020 whether to pursue a joint lithium project with foreign-backed miner Salar Blanco, a company executive told Reuters on Friday.
Codelco announced earlier this month a …
Codelco to decide by early 2020 on Maricunga lithium project Read More »
ArcelorMittal will postpone the redundancy of 300 out of 800 workers at its iron ore mines in Bosnia while seeking to resolve outstanding issues with a regional government there, the company said on Friday.
The world’s largest steelmaker, whose plant …
ArcelorMittal delays job cuts in Bosnian iron ore mines Read More »
