Russian State-controlled diamond producer Alrosa said on Friday that its second-quarter net profit fell by 98% year on year to 300-million roubles ($4-million) as the novel coronavirus outbreak hit demand for precious stones.
The global diamond supply…
Coronavirus pushes Q2 net profit of Russian diamond miner Alrosa down 98% Read More »
Codelco CEO Octavio Araneda said on Thursday he expects the copper price to hold at around $2.80/lb through 2020.
Araneda, who has led Codelco through the coronavirus crisis in Chile, told reporters on a tour of the El Teniente mine that uncertainty s…
Codelco CEO sees copper price steady at $2.80/lb through 2020 Read More »
Australian mining magnate Gina Rinehart’s Hancock Prospecting is hoping a charm offensive, from annual fundraising parties to local refurbishments at a golf course, will help overcome opposition to a massive new coal mine in Canada’s Rocky Mountains.
…
Australian billionaire woos Canadians, hoping to build big coal mine in Rocky Mountains Read More »
Shandong Gold Mining’s bid to acquire a gold mine in the Canadian Arctic should be approved for economic reasons, the new head of its Canadian unit told Reuters.
Shandong Gold in May offered C$230-million for struggling TMAC Resources.
TMAC sharehold…
Shandong Gold eyes turnaround for struggling Canada Arctic mine – executive Read More »
BHP Group must commit to not damaging Aboriginal cultural sites as its expands its mining operations while a review of Australian heritage law is carried out, a shareholder group said in a resolution filed on Thursday.
The proposal comes before BHP’s…
Shareholders seek BHP moratorium on Australian cultural site damage Read More »
Mining companies and copper and cobalt buyers have been invited to a meeting in Kinshasa next week to discuss if there is a way to maintain waivers to an export ban that are meant to expire in September, the mining minister said on Thursday. Congo, Afr…
Congo to meet miners to debate copper concentrate export waivers Read More »
A Chinese national was killed during an attack on a mining camp run by Zijin Mining Group in the early hours of Tuesday in southern Democratic Republic of Congo, a report on the company’s website said. The employee was shot at the Carrilu cement and li…
Chinese national killed at Zijin mining camp in Congo, company says Read More »
Russian aluminium giant Rusal said on Thursday its recurring net loss totalled $76-million in the first half of 2020 after a profit of $666-million a year ago as the novel coronavirus outbreak hit demand.
Hong-Kong listed Rusal, the world’s largest al…
Rusal posts H1 net loss, sees weak aluminium prices in 2020 Read More »
Chile’s State-run miner Codelco, the world’s largest copper producer, expects quick progress in ramping up processing capacity at its Chuquicamata underground project, the company’s chief executive said.
Codelco was forced to temporarily suspend work …
Codelco sees quick progress in ramping up Chuquicamata copper processing Read More »
Russia plans investment of $1.5-billion in rare earth minerals, critical to the defence, telecommunications and renewable energy sectors, as it strives to become the biggest producer after China by 2030, a top government official told Reuters.
Russia’…
Russia has $1.5bn plan to dent China’s rare earth dominance Read More »
