Brazil’s Vale hopes to wrap up a global compensation settlement for victims of its deadly January dam burst by year-end, its chief financial officer said on Thursday, a day after the company announced $2-billion in related charges.
That came in additi…
Vale hopes to wrap up global dam-burst settlement by year-end Read More »
Chile’s State-owned Codelco , the world’s top copper miner, said on Thursday that it signed a non-binding agreement with foreign-backed miner Salar Blanco to develop a joint lithium project at the Salar de Maricunga in the country’s north.
The memoran…
Codelco announces joint lithium project with Salar Blanco Read More »
Hudbay Minerals shares plunged more than 20% on Thursday after a court ruling barred the company from proceeding with construction at its Rosemont project in Arizona.
The ruling from the US District Court for Arizona challenged the US Forest Service’…
Hudbay shares slump 20% after court bars construction at Arizona project Read More »
Zimbabwe will repeal its indigenisation and economic empowerment legislation dealing with ownership of foreign-controlled companies and replace it with a new empowerment law, Finance Minister Mthuli Ncube said on Thursday.
Addressing parliament, Ncub…
Zimbabwe to replace empowerment law Read More »
Rio Tinto-controlled Turquoise Hill Resources said an impairment charge at the cash-generating unit of its Oyu Tolgoi copper mine in Mongolia led to the company missing estimates for second-quarter profit on Wednesday.
Turquoise Hill, which owns 66% o…
Turquoise Hill swings to loss on Mongolia mine woes Read More »
Brazilian miner Vale on Wednesday said it swung to a quarterly loss as the company announced more than $2-billion in fresh writedowns related to two deadly dam bursts suffered by the company over a period of less than four years.
In late January, the …
Vale dam disasters trigger $2bn in fresh writedowns Read More »
Vedanta Resources said on Wednesday it had notified its Zambian joint venture partner ZCCM-IH that it had launched arbitration proceedings related to an attempt by the Zambian government to liquidate Vedanta’s majority-owned Konkola Copper Mines (KCM)….
Vedanta Resources launches arbitration in dispute with Zambia Read More »
Nyrstar has restarted production at its Port Pirie lead smelter in Australia, the Belgian-headquartered metals and mining company said on Thursday.
The smelter halted output on May 28 due to an unplanned outage at the blast furnace.
Nyrstar restarts Port Pirie lead smelter in Australia Read More »
South Africa’s AngloGold Ashanti said on Wednesday its earnings likely rose as much as 29% in the first half, boosted by income from a legal settlement, gains from its Kibali joint venture and a drop in costs. Headline earnings per share (HEPS) for the…
AngloGold Ashanti flags higher H1 earnings, says asset sales are proceeding Read More »
The government of a key mining province in southern Ecuador has proposed a popular referendum on the development of new mines in the region, the latest obstacle to market-friendly President Lenin Moreno’s efforts to attract foreign mining investment.
…
Mineral-rich Ecuadorean province requests popular referendum on mining Read More »
