Canadian miner Teck Resources said on Friday it would write down the value of its proposed Frontier oil sands mine by C$1.13-billion should Prime Minister Justin Trudeau’s government reject the project.
The fate of the C$20.6-billion mine is expected …
Teck warns of C$1.13bn hit if Trudeau rejects Frontier project Read More »
An in-depth internal report examining the causes of Vale SA’s deadly Brumadinho tailings dam disaster last year contained "no new facts, nor surprises," the company’s general counsel said on Friday.
Late on Thursday, Vale released the report, …
Vale says ‘no new facts’ in internal report on deadly dam disaster Read More »
Brazilian iron-ore miner Vale severely missed quarterly profit and margin estimates on Thursday, largely due to impairments related to its base metal and coal operations and the lingering effects of a deadly dam burst in January 2019.
Excluding one-ti…
Vale reports surprise loss amid base metal issues Read More »
Canadian miner Teck Resources reported a 76% slump in fourth-quarter adjusted profit on Friday, hurt by lower prices for steelmaking coal and warned that the coronavirus epidemic would impact its earnings.
Copper and other base metal prices have suffe…
Teck profit slumps on lower coal prices; flags virus hit Read More »
Newmont said on Thursday quarterly adjusted profit almost doubled, as the world’s largest gold miner benefited from stronger bullion prices and higher output.
Newmont said adjusted profit rose to $410-million, or 50 cents a share, in the fourth quarte…
Newmont adjusted profit jumps on higher output, gold prices Read More »
As bushfires and floods fuel public concerns in Australia about global warming, the country’s powerful mining lobby is facing increasing pressure from investors to drop support for new coal mines, according to a dozen interviews with shareholders in gl…
Fires and climate fears rattle Australia’s giant coal lobby Read More »
Colombia has launched an investigation over alleged unpaid royalties of 619-billion pesos ($181.5-million) from iron and nickel production at Australian miner South32’s Cerro Matoso mine between 1982 and 2012, the country’s comptroller said Wednesday.
…
Colombia looks to recover $181.5m in alleged unpaid royalties from South32 Read More »
The Mexican government will resume a search for the bodies of dozens of coal miners killed in a blast more than a decade ago, after mining firm Grupo Mexico returned the concession for the site to the government, officials said on Wednesday.
Speaking …
Mexico to resume search for miners killed in 2006 blast Read More »
Albemarle, the world’s largest lithium producer, reported a lower-than-expected quarterly profit on Wednesday and forecast a double-digit drop in 2020 earnings on weak prices for the battery metal.
Lithium companies in the past year have been producin…
Albemarle expects 2020 profit drop as lithium prices sag Read More »
South Africa could use mining royalties to set up a proposed sovereign wealth fund, Mineral Resources and Energy Minister Gwede Mantashe said on Wednesday. President Cyril Ramaphosa said in an annual address to parliament last week the government had d…
South Africa could use mining royalties to set up sovereign fund – Minister Read More »
