Zambia is determined to enforce a new 5 percent copper import duty, as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt, Mining Minister Richard Musukwa said. Musukwa was speaking on the sidelines o…
Zambia will enforce copper import tax – mining minister Read More »
Vale said on Monday that a Brazilian state court has ordered it to stop using eight tailings dams in the wake of a disaster last month that likely killed more than 300 people, a step that will crimp nearly 9% of the company’s annual iron ore output.
T…
Brazil court tells Vale to halt its largest Minas Gerais mine Read More »
The death toll from a dam burst in the Brazilian town of Brumadinho rose to 115 people on Friday, according to the team tasked with recovering bodies from the site.
The rescue and recovery team said that 248 people were now listed as missing, a number…
Brazil dam burst death toll rises Read More »
South Africa’s radical leftist Economic Freedom Fighters (EFF) will nationalise all mines by 2023 if elected this year, the party said in its election manifesto launched on Saturday. The party is using an anti-corruption, jobs creation and state contro…
EFF says in election manifesto to nationalise mines Read More »
Indian miner Vedanta said on Monday that its foreign unit Cairn India Holdings Limited’s investment in Anglo American met all governance requirements. Vedanta’s statement comes days after its shares plunged on Friday, as investors were skeptical of the…
India’s Vedanta says Anglo American stake buy meets governance requirements Read More »
Zambia has fired Dr Pius Kasolo, the CE of State mining investment arm Zambia Consolidated Copper Mines Investment Holding (ZCCM-IH), Mines Minister Richard Musukwa said on Friday, without giving a reason. On Monday, Kasolo said the government should q…
Zambia fires CEO of State mining investment arm ZCCM-IH Read More »
Mitsui & Co on Friday cut full-year profit forecast by 2% due to the absence of a dividend from Vale, but the Japanese trading house does not plan to change its holding in the Brazilian miner, a company executive said.
With 110 people confirmed de…
Japan’s Mitsui trims FY profit outlook, to keep stake in Vale Read More »
Chile’s Codelco’s, the world’s top copper miner, said on Thursday it had reached an agreement on the contract for two unions at its sprawling Chuquicamata copper mine in the north of the country.
The agreement, which covers 611 workers, includes a sal…
Codelco reaches deal with two Chuquicamata unions Read More »
Shares of India’s Vedanta slumped to a two-and-a-half-year low on Friday after analysts expressed concerns over an investment by the parent company of the conglomerate in African miner Anglo American. Vedanta said on Thursday its foreign unit Cairn Ind…
India’s Vedanta sinks 20% to 2-1/2-year low Read More »
Russian gold and silver producer Polymetal said on Thursday it will focus on asset sales in 2019 rather than getting involved in industry consolidation.
"The pressure from at least some of our shareholders has been to grow smaller or to grow more …
Polymetal to shun M&A in 2019, focus on asset sales Read More »
