South Africa’s struggle to safeguard its last investment grade credit rating has failed to convince the most credit-sensitive global investors and many active fund managers have already voted with their feet. The precarious credit rating of the contine…
Bond fund exodus from South Africa well under way as credit rating teeters Read More »
Rio Tinto faces renegotiating the terms of an agreement underpinning its Mongolian copper mine project, after lawmakers on Thursday approved plans to revise the deal to make it more beneficial for Mongolia.
The Oyu Tolgoi mine, Mongolia’s biggest fore…
Rio Tinto faces having to renegotiate terms of Mongolian copper project Read More »
The insatiable appetite to lend to Latin America’s blue-chip corporations may allow Brazilian miner Vale SA to return to the loan market and borrow $3-billion to refinance debt at ultra-low rates, only ten months after a dam disaster that left the coun…
Vale returns looking for low-cost debt after Brumadinho tragedy Read More »
Chilean miner SQM, the world’s No. 2 lithium producer, said a month of violent protests in the South American nation would not dent the company’s sales or volume forecasts for 2019.
Protests over inequality paralyzed major cities in the South American…
Lithium miner SQM dodges impacts from Chile protests, hit by lower prices Read More »
Shippers scrambled to shift freight onto trucks on Thursday as a strike at Canada’s biggest railroad, Canadian National Railway Co, hit its third day, leaving the critical fuel propane and other goods stranded.
Some 3 200 unionised employees, includi…
Heating fuel shortage looms as strike at Canada’s biggest railroad hits third day Read More »
Polish miner KGHM Polska Miedz on Thursday flagged ongoing protests in Chile as a "great concern" to the company and said potential changes to the South American country’s tax law could impact its business.
Chile, the world’s top copper produc…
KGHM says Chile protests, potential tax changes could impact business Read More »
Namdeb, a joint venture between the Namibian government and Anglo American’s diamond unit De Beers Group, said on Thursday it was in talks with the government about tax breaks to extend its land-based operations beyond 2023. Diamond mining is the large…
Namdeb seeks tax breaks to extend operations Read More »
Twenty years after combatants snapped arrows to signal the end of hostilities in the Papua New Guinea region of Bougainville, voters will on Saturday cast ballots in a long-awaited independence referendum.
The referendum terms were agreed as part of th…
‘Never turning back’, PNG’s Bougainville separatists expect vote for independence Read More »
Miner Freeport-McMoRan and two large Chinese copper smelters on Thursday agreed a 23% cut in annual treatment and refining charges (TC/RCs) for 2020, pushing the industry benchmark to a nine-year low.
Freeport settled with Jiangxi Copper and Tongling …
Freeport, Chinese copper smelters agree lower 2020 treatment charges Read More »
Canada’s Teck Resources has hired Barclays to sell all of its 80% stake in its Zafranal copper asset in Peru, as the diversified miner accelerates efforts to exit advanced projects and focus on its massive Chilean expansion, two banking sources told Re…
Canadian miner Teck hires Barclays to sell Peru mine stake sources Read More »
