Minority shareholders of Brazilian iron ore miner Vale SA succeeded in electing a representative to the board of directors at the company’s shareholder meeting on Tuesday, a person who attended the meeting told Reuters.
Independent member Patricia Ben…
Vale minority shareholders elect independent member to board Read More »
Chile’s mining minister Baldo Prokurica said royalties for the ultralight battery metal lithium would be set on a "case-by-case" basis from now on, using a negotiation model similar to that used with top producers in Chile’s Atacama salt flat. …
Royalties for lithium to be set case by case in Chile – Minister Read More »
The London Bullion Market Association (LBMA) said Societe Generale had resigned as a market maker for gold and silver, as France’s third-largest bank pushes ahead with a downsizing of its commodities business. SocGen said this month it would cut 1 600 …
Societe Generale resigns as London gold and silver market maker Read More »
Brazilian miner Vale, the biggest iron-ore producer, announced on Monday that its board has confirmed Eduardo Bartolomeo as the company’s CE. Bartolomeo took over as interim head of Vale two months ago when his predecessor Fabio Schvartsman resigned af…
Vale board confirms interim head Bartolomeo as CEO Read More »
Russian aluminium producer United Company Rusal has reduced its first-quarter sales of value added products (VAP) by 44% from a year ago and by 22% from the last quarter of 2018 because of sanctions by the US. Washington imposed the sanctions on Rusal,…
Russia’s Rusal first-quarter value-added product sales down 44% on US sanctions Read More »
Swedish mining equipment maker Epiroc reported quarterly order intake just below forecasts on Tuesday and said it expected current levels of demand to continue in the near term. Epiroc, which competes against Sweden’s Sandvik, said its order intake ros…
Epiroc expects demand to hold at current level Read More »
Sweden’s Epiroc said on Tuesday it expected current levels of demand to prevail in the near term after it reported lower than expected quarterly mining equipment orders, sending its shares lower. Epiroc, which competes against Sweden’s Sandvik and Finl…
Epiroc shares drop as mining gear orders disappoint Read More »
Southern Copper Corp’s net profit fell 17.5% to $388.2-million in the first quarter from the same period a year earlier, as lower metal prices weighed on sales, the company said on Monday. The company’s copper production rose 11.6% year-on-year in the …
Southern Copper says first-quarter net profit drops 17.5% Read More »
Guinea expects to boost its energy production capacity by nearly four-fold over the next six years as it pushes mining companies to refine their bauxite output locally, the energy minister said on Friday. The West African nation, Africa’s biggest produ…
Guinea boosts power output to foster bauxite refining Read More »
A railway that carries zinc from major producers such as Glencore across Australia’s outback has reopened to freight trains, the line’s owner Queensland Rail said on Monday.
The 1, 00-km (620-mile) rail line was cut by floods in February and is used …
Australia’s Mt Isa zinc railway reopens to freight after February floods Read More »
