Newmont Mining Corp, the world’s No. 2 gold producer, is cutting 120 jobs at its Carlin mining operation in Nevada after deciding to reduce the life span of one mine and suspending part of another due to a wall slide, a spokesman said on Thursday. The …
Newmont cuts 120 jobs at Nevada gold mining operation Read More »
Miner Anglo American is betting on South America as its main growth area for base metals in the coming years, a top executive told Reuters. Ruben Fernandes, who heads Anglo’s operations in Brazil and is slated to become its global head of base metals n…
Anglo American betting on South America to grow base metal assets Read More »
Rio Tinto closed part of its Cape Lambert iron-ore export terminal in Western Australia after a fire caused damage, the company said on Thursday. The blaze occurred early on Thursday and was extinguished with no injuries, the company said in an emailed…
Blaze damages Rio Tinto’s Cape Lambert iron-ore export facility Read More »
Chile’s largest copper mines posted mixed results through November of 2018, with a slight drop in output at state miner Codelco offset by a surge in production from BHP’s Escondida, the world’s largest copper mine. In all, copper production in the worl…
Chile’s copper mines post mixed results through Nov 2018 – Cochilco Read More »
Iron-ore shipments to China from Australia’s Port Hedland terminal rose 14% in December from a month earlier, port data released on Thursday showed.
Iron ore shipments to China from the world’s biggest iron ore port totalled 37.4-million tonnes in Dec…
Australia’s Port Hedland iron ore shipments to China jump 14 pct in Dec Read More »
Iron-ore shipments to China from Australia’s Port Hedland terminal rose 14% in December from a month earlier, port data released on Thursday showed. Iron-ore shipments to China from the world’s biggest iron-ore port totalled 37.4-million tonnes in Dece…
Australia’s Port Hedland iron-ore shipments to China jump 14 pct in Dec Read More »
Chile’s Collahuasi copper mine is talking to Canada’s Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday. Collahuasi – owned by Glencore and Anglo Ame…
Chile’s Collahuasi plans resource sharing with Canada’s Teck Resources Read More »
Tanzanian President John Magufuli said on Wednesday the central bank should start buying the country’s gold to curb smuggling and build reserves to stabilise the currency. On Tuesday, Tanzania named its third mining minister since Magufuli was elected …
Tanzania’s Magufuli wants central bank to buy gold as part of its reserves Read More »
Copper concentrate exports from Indonesia’s Grasberg mine, the world’s second-largest copper mine, are forecast to plunge this year because of a lag in output as operations move from open pit to underground mining, a government official said on Wednesd…
Indonesia forecasts drop in Grasberg copper concentrate exports in 2019 Read More »
Gold prices edged lower on Wednesday as a likely end to a long-drawn Sino-US trade war boosted risk sentiment, outweighing expectations of a pause in interest rate increases by the Federal Reserve. Meanwhile, palladium hit a record high at $1 340.50 an…
Gold treads lower on improved risk appetite; palladium at record high Read More »
