Surging US oil output will outpace sluggish global demand and lead to a large stocks build around the world in the next nine months, the International Energy Agency (IEA) said on Friday. The forecasts appear to predict the need for producer club Opec a…
IEA sees oil market oversupplied in 2019 on US production Read More »
Cornish Lithium, a battery minerals firm set up by a former City analyst, on Friday became the first British miner to launch a crowd funding campaign as it seeks play a role in securing strategic mineral supplies.
Britain’s mining industry is regarded…
Britain’s Cornish Lithium turns to crowd funding Read More »
South Africa’s manufacturing output grew only slightly in May while the slump in mining continued, albeit more moderately, shifting attention back onto the central bank to stimulate growth in an economy bleeding jobs. Factory output rose 1% year-on-yea…
South Africa’s manufacturing, mining subdued as growth burden shifts to central bank Read More »
The tin market is under greater pressure from an economic slowdown and falling demand than supply issues, where lower production from countries such as Myanmar is likely to be offset by a new project in central Africa. Tin prices on the London Metal Ex…
Shrinking demand to eclipse supply issues in tin market Read More »
PPF Group, owned by the Czech Republic’s richest businessman Petr Kellner, has sold a 4.5% stake in Russian gold and silver producer Polymetal, a bookrunner for the deal said on Wednesday.
PPF Group, which now owns 6.5% in the Russian company, sold a…
Czech PPF Group sells 4.5% stake in Russia’s Polymetal Read More »
A Brazilian state judge on Tuesday convicted mining company Vale for damages caused by the deadly rupture of a tailings dam in January that killed at least 240 people.
Judge Elton Pupo Nogueira ruled that Vale is responsible for fixing all the damages…
Brazil court convicts Vale for damages caused by deadly dam rupture Read More »
The world’s top platinum miners kicked off talks with South Africa’s unions on Tuesday in what is expected to be a tough round of wage talks, as a rise in profits is likely to provoke higher wage demands. The majority union in the platinum sector, the …
Platinum firms kick off wage talks Read More »
Copper production in Democratic Republic of Congo, Africa’s top producer, fell by 16.2% year-on-year in the January to May period, while cobalt output slid 21.5%, the central bank said on Tuesday. Copper output for the first five months of 2019 stood a…
Congo’s Jan to May copper output slides 16%, cobalt down 21% Read More »
Metals and mining company Nyrstar said on Tuesday that it was extending force majeure at its Port Pirie lead and zinc smelter in Australia until the last week of July.
The Belgium-based company now expects both the TSL and the blast furnace to restart…
Nyrstar extends stoppage at Port Pirie smelter until late July Read More »
Brazil plans to put about 1 000 mining areas up for auction this year including areas containing gold, copper and iron-ore, a director of the country’s National Mining Agency (ANM) told Reuters on Monday.
ANM had initially planned to start auctioning …
Brazil to auction mining rights for about 1 000 areas this year – regulator Read More »
