South African chemicals and fertiliser maker Omnia Holdings said on Friday it expected to report a full-year loss as drought, a volatile currency, changes in the mining industry and difficult global trading conditions weighed on earnings. The firm said…
Omnia flags full-year loss Read More »
British hedge fund Odey Asset Management said on Thursday it would reject any offer from Barrick Gold for its stake in Acacia Mining that is framed as "best and final", becoming the second Acacia investor to publicly oppose the Canadian mining …
Acacia investor Odey against any ‘best and final’ offer from Barrick Read More »
Zambia will fine and break ties with mining firms that fail to operate according to the southern African country’s laws, President Edgar Lungu said on Thursday, escalating a dispute with India-listed Vedanta. Vedanta is fighting Zambia’s decision last …
Zambian President threatens to fine miners who break law Read More »
Unionised workers at Codelco’s Chuquicamata copper mine, one of the world’s largest, said late on Wednesday they would walk off the job beginning Friday after failing to reach a labor deal with Codelco, the world’s top copper producer. Chuquicamata uni…
Unions to strike at Chile’s Chuquicamata after labour deal falls through Read More »
The European Union on Thursday said it had no clear strategy on how to ensure continued supplies of critical raw materials if China, the world’s leading supplier of rare earth minerals, used such exports as leverage in the escalating US-China trade war…
EU: No strategy yet if China halts critical exports in US trade war Read More »
Nemaska Lithium may issue new shares, take on new debt or sell assets as it hunts for fresh capital to build a lithium project in Quebec that faces cost overruns of more than $300-million, head of investor relations Wanda Cutler said on Wednesday.
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Nemaska Lithium eyes fresh steps to raise capital for Quebec project Read More »
A preliminary study of the Cascabel mining project in northern Ecuador shows that it could become one of the world’s largest copper, silver and gold mines, Ecuador’s government said on Wednesday.
The project, operated by Australia’s Solgold, is in the…
Ecuador says Cascabel could become a top world copper mine Read More »
Konkola Copper Mines (KCM), owned by Vedanta Resources, plans to restart its Nchanga smelter on June 22, the company said on Wednesday. KCM said the Nchanga smelter, near Zambia’s border with the Democratic Republic of Congo, had been idle pending avai…
KCM plans to restart smelter on June 22 Read More »
The CEO of Polish State-run coking coal producer JSW was sacked by the energy ministry on Tuesday following a dispute over strategy.
Shares in the company fell more than 6% on the news, which added to broader investor concerns that Poland’s governmen…
Poland sacks CEO of State-run coal miner JSW, shares tumble Read More »
Chile´s Mining Ministry said on Tuesday it would release in "the coming weeks" a plan to clarify rules around its lithium industry to maintain its global share of output amid spiraling demand for the coveted battery metal.
At a gathering of li…
Chile to clean up rules for lithium industry to boost production Read More »
