Chilean miner Antofagasta reported a nearly 22% jump in copper output in the second quarter, helped by an expansion at its flagship Los Pelambres mine in the central part of the country.
The FTSE 100 company reduced its annual forecast for net cash co…
Antofagasta quarterly copper production jumps on flagship mine expansion Read More »
A few years after coming as a teenager to this Ghanaian town to prospect for gold, Yaw Ngoha had made enough cash to marry his sweetheart and build a house with a porch, to which he would later add a flat-screen TV and satellite dish. So when a town el…
The wildcat gold miners who get rich sick Read More »
Brazilian miner Vale has been authorised to partially resume dry processing operations at its Vargem Grande complex, which should add five-million tonnes to annual production, the company said in a securities filing on Tuesday.
Brazil’s mining regulat…
Vale to partially resume dry processing at Vargem Grande complex Read More »
Greece’s recently-elected government wants a stalled gold mine investment by Canada’s Eldorado to be revived, its energy minister said on Tuesday after meeting company executives.
Vancouver-based Eldorado has two operating mines and two development pr…
Greece seeks to kickstart stalled Eldorado gold mine investment Read More »
Mining and transport firm Grupo Mexico said on Tuesday that it does not expect its operations to be impacted by the partial closing of its Guaymas facility on the Gulf of California.
Mexico’s environmental prosecutor Profepa said on Saturday that it h…
Grupo Mexico says expects no operational impact from Guaymas suspension Read More »
Zambia said on Tuesday it was proceeding with the liquidation of Vedanta Resources’ Konkola Copper Mines (KCM) even after South Africa’s High Court granted the firm an urgent interdict halting the liquidation until a final decision is made through arbi…
Zambia presses on with liquidating Vedanta unit assets despite ruling Read More »
Canada’s exemption from US tariffs on imports of aluminium metal has boosted earnings at the Canadian operations of companies such as Rio Tinto and Alcoa, but has not cut costs for US consumers.
In May, the US lifted the Section 232 tariff of 10% impo…
Aluminium producers in Canada cash in on US tariff exemption Read More »
South Africa’s High Court on Tuesday granted Vedanta Resources an urgent interdict halting the liquidation of its Konkola Copper Mines (KCM) unit in Zambia until a final decision is made through arbitration. Vedanta has been locked in a dispute with th…
South African court orders Zambia to halt liquidation of Vedanta unit assets Read More »
Guinea has launched an international tender for blocks 1 and 2 of Simandou, giving companies until August 2 to outline their bids, as the country seeks to revive interest in the world’s largest undeveloped iron ore deposit. Guinea’s aspirations to deve…
Guinea seeks developers for Simandou iron-ore deposit Read More »
British hedge fund Odey Asset Management said on Monday it intends to vote, on behalf of its clients, in favour of Barrick Gold’s final offer to buy out its fellow shareholders in Acacia Mining. The approval comes after Odey said last month that it wou…
Acacia investor Odey to back Barrick’s final offer Read More »
