China Molybdenum Co said on Friday it had agreed to buy a holding company for $1.14-billion in order to increase its control in Democratic Republic of Congo’s massive Tenke copper mine. China Moly, already the majority owner of Tenke, will have an 80% …
China Moly to increase stake in Congo’s Tenke copper mine to 80% Read More »
Russian conglomerate En+ Group on Friday named three Americans who will form a voting trust to help Oleg Deripaska reduce his stake in the company in exchange for a waiver from US sanctions.
Deripaska has agreed to reduce his stake in London-listed E…
Three named to En+ voting trust as Deripaska looks to reduce stakes Read More »
Germany is expected to import 45-million tonnes of hard coal this year, up roughly 1.4% from 2018 despite mounting competition from renewable energy, as the closure of domestic mines reduces domestic supply, importers said on Friday.
The total would c…
Germany’s 2019 hard coal imports seen rising after mining ends Read More »
A retired Army officer who last year advised a Canadian company seeking to mine gold in the Amazon returned to the head of Brazil’s indigenous rights agency on Thursday, vowing to improve the lives of the country’s native peoples.
General Franklimberg…
Brazil general with mining link takes over indigenous agency Read More »
Chile’s Cochilco state copper commission on Thursday maintained its average price prediction of $3.05/lb for 2019, rising to $3.08 for 2020, amid the continuing US-China trade war and further potential volatility because of Brexit.
Cochilco said it sa…
Cochilco keeps 2019 copper forecast at $3.05/lb amid trade war, Brexit Read More »
Indian navy divers found the body of one of 15 miners who went missing in a flooded coal mine in a remote corner of the country more than a month ago, officials said on Thursday.
Rescuers have been struggling to pump water out of the 370-feet-deep ill…
Divers locate one body in flooded Indian mine after 35 days Read More »
Top US aluminum producer Alcoa Corp beat Wall Street estimates for quarterly profit on Wednesday, buoyed by strength in its alumina segment, but shares slipped after the company did not provide a closely watched profit measure for the full year.
The c…
Alcoa beats profit estimates on strength in alumina segment Read More »
Poland’s copper producer KGHM expects an average copper price this year at $6 100/t to $6 300/t, the company’s CEO, Marcin Chludzinski, said on Wednesday.
"We refer to lower end of copper price range forecast by analysts and we assume an average c…
KGHM expects 2019 average copper price at $6 100/t to $6 300/t Read More »
Carmaker Ford, technology giant IBM, South Korean cathode maker LG Chem and China’s Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourci…
Ford, IBM among quartet in Congo cobalt blockchain project Read More »
Iron-ore miner Vale SA has won approval from Brazil’s antitrust regulator to buy three wind farms in the northeast of the country from investment fund Salus, according to an announcement in the official gazette on Tuesday.
In announcing its decision,…
Vale gets approval to buy 3 wind farms in northeast Read More »
