Zambia’s High Court on Tuesday suspended hearings on the winding up of Vedanta Resources’ local mining business until the Court of Appeal rules on the lower court’s refusal to let the matter go to arbitration, the provisional liquidator said. Vedanta h…
Zambian court suspends KCM wind-up hearing pending appeal ruling Read More »
A World Bank tribunal has ordered Colombia to repay a $19-million fine it levied on Glencore’s coal mining subsidiary Prodeco, but declined the company’s petition for $575-million in damages, the government said on Tuesday.
Prodeco is one of the larg…
Glencore awarded just $19m by tribunal in Colombia lawsuit Read More »
Rapidly rising use of nickel in the batteries that power electric vehicles over coming years means higher prices are needed to incentivise the development of new projects to boost supplies of the metal.
Demand for nickel is expected to soar as governm…
New projects for battery material nickel need a price spur Read More »
Lithium miner Galaxy Resources said on Tuesday it bought the $28.8-million dollar debt of troubled smaller peer Alita Resources from a group of lenders led by fund manager Tribeca Investment Partners.
The acquisition makes Galaxy a secured lender to A…
Australian lithium miner Galaxy Resources buys Alita’s debt facility Read More »
Kazakh uranium miner Kazatomprom posted a 68% drop in six-month net profit to 104-billion tenge (about $269-million) on Tuesday, which it said was due to one-off gains from transactions in the previous year.
The company said that adjusted for those on…
Kazatomprom H1 profit falls 68% on one-offs Read More »
Egyptian billionaire Naguib Sawiris said on Monday he intended to invest in gold and copper mining in Egypt but was waiting to see the details of a new mining law designed to attract more investment. The law has been approved but final details are yet …
Egypt’s Sawiris eyes mining opportunities at home with new law Read More »
Leaders of the Group of Seven wealthy nations on Monday offered $20 million of emergency aid to help battle wildfires in the Amazon rainforest, a gesture Brazil slammed as colonialist.
Despite record wildfires in the Amazon and President Jair Bolsona…
G7 offers emergency aid to fight Amazon forest fires Read More »
Chile’s Finance Minister announced on Monday $600-million in additional stimulus in an effort to kick-start the top copper producer’s sputtering economy, which has suffered from a downturn in mining and global trade tensions.
Finance Minister Felipe L…
Chile Finance Minister announces new stimulus to kickstart sputtering economy Read More »
Argentina’s opposition candidate Alberto Fernandez met with mining companies on Monday in capital Buenos Aires to discuss his plans for the sector, two sources who attended the meeting said.
Fernandez, the front-runner for October’s Presidential elect…
Argentina opposition candidate Fernandez says working on plan for mining sector – source Read More »
Wieland, one of the world’s largest copper product makers, said on Monday it would reduce working hours at a German plant from next month because of the slowing global economy.
The plant in Villingen in southern Germany produces strips from copper and…
German copper products producer cuts hours due to global economic slowdown Read More »
