An association of Brazilian mining companies on Wednesday criticized some proposals made a day earlier by a Senate committee that spent months investigating the collapse of one of Vale’s tailings dams. In a 400-page report, the Senate panel looking int…
Brazil mining trade group slams Senate royalty proposals Read More »
South Africa is weighing extra options to support Eskom, including swapping the financially troubled State power firm’s debt for government bonds or ring-fencing it in a special account, a senior treasury official said. Discussions are at an early stag…
South Africa weighs new support measures for struggling Eskom Read More »
Aluminum producer Alcoa Corp said on Tuesday it expects to incur a charge of between $40-million and $50-million in the second half of 2019, related to restarting operations at its Canadian smelter in Becancour, Quebec.
An 18-month lock out between th…
Alcoa expects $40m – $50m hit from restarting Canada smelter Read More »
As India readies for the United Nations to give a green light to deep sea mining and boost its economy, the environmental group Greenpeace said on Wednesday that drilling the seabed could cause irreversible harm and worsen climate change.
Without prop…
Deep sea mining could destroy ‘our last frontier’, environmentalists say Read More »
Illegal miners at a copper and cobalt mine run by Glencore in southeastern Congo defied a deadline on Tuesday to vacate the site, a union official said, raising fears of a potentially violent standoff. A landslide last Thursday at the Kamoto Copper Com…
Illegal miners at Glencore concession in Congo defy eviction Read More »
Three miners died after a tremor on Monday at a Polish coal mine owned by mining group PGG, the company said, in the deadliest incident in the country’s mining industry this year. The quake with a magnitude of 2.66 was felt on Monday afternoon in the S…
Three coal miners die in Poland after quake Read More »
Freeport-McMoRan said on Monday it expects to report a loss in the second quarter, hit by lower gold production, weaker copper prices and higher costs, sending the US miner’s shares down nearly 6%. The shares were further pressurized as gold prices fel…
Freeport-McMoRan expects Q2 loss, cuts gold sales outlook Read More »
London-based conglomerate GFG Alliance is targeting to list parts of its Australian Liberty Steel business in a deal that could fetch about A$1-billion ($701-million), banking and industry sources close to the company told Reuters.
That is a more mode…
GFG Alliance targets more modest $700m Australia IPO for steel unit – sources Read More »
Eco Oro Minerals Corp has pulled out of its Angostura gold concession in Colombia amid a legal battle with the Andean country over environmental restrictions the Canadian miner said made the project impossible, according to a company letter. The March …
Eco Oro pulls out of Colombia gold concession amid legal battle – letter Read More »
Chile’s Codelco, the world’s top copper miner, told Reuters on Friday that its Chuquicamata copper mine was once again fully operational following a two-week long strike that had docked output from the sprawling deposit.
The three largest labor unions…
Codelco’s Chuquicamata fully operational following strike Read More »
