Albemarle said on Wednesday it had started a cost control program targeting over $100-million in savings over the next two years, as the world’s largest lithium producer grapples with a fall in prices on near-term oversupply concerns.
The company said…
Albemarle plans $100m cost cuts to counter low prices Read More »
A federal court in Brazil said it could annul Vale’s acquisition of midsize iron-ore miner Ferrous Resources until certain environmental compliance documents have been provided, giving the company 30 days to do so, according to a decision seen by Reute…
Brazil court says could annul Vale acquisition of Ferrous Resources Read More »
The lithium industry is working through "difficult" times due to low prices for the battery metal and global oversupply concerns, Livent’s Paul Graves said on Wednesday.
"It’s a difficult environment to do business," Graves said in an …
Livent CEO sees ‘difficult environment’ for lithium industry Read More »
A Brazilian mining joint venture between Vale and BHP Group, paralysed after a fatal dam collapse, is expected to resume talks to restructure $4-billion in defaulted debt in coming weeks, two sources with knowledge of the matter said.
The venture, Sam…
Samarco to resume $4bn debt restructuring talks – sources Read More »
Russia’s biggest gold producer, Polyus, said on Tuesday it was significantly increasing its capital expenditure (capex) plans for 2020 compared with earlier forecasts.
"I will not give you a precise number but what I can tell you is that taking in…
Polyus says 2020 capex will be higher than forecast Read More »
Moody’s pushed state power firm Eskom’s credit rating deeper into subinvestment territory on Tuesday, saying a government plan to reorganise the cash-strapped South African firm would be hard to implement without explicit support from the cabinet. Mood…
Moody’s lowers Eskom’s junk rating on restructuring doubts Read More »
Chile’s State copper miner Codelco said on Monday it had awarded a tender for a desalination plant for its Chuquicamata, Radomiro Tomic and Ministro Hales mines to a consortium led by Japan’s Marubeni.
Codelco said that it expected work on the plant t…
Codelco awards tender for desalination plant to Japan’s Marubeni Read More »
Australian rare earths producer Lynas Corp Ltd said on Monday its Malaysian unit signed a memorandum of understanding with government agency MARA Corporation.
They will cooperate on projects including attracting downstream rare earths customers to Mal…
Australia’s Lynas signs deal with Malaysian govt agency Read More »
BHP, the biggest listed miner, aims to decide early next year who has won a tender for LNG-fueled transport to ship up to 27-million tonnes, or about 10%, of its iron ore to cut emissions by around a quarter, a senior executive said.
Miners are under…
BHP weighing LNG power for iron-ore ships Read More »
Zijin Mining, one of China’s biggest gold producers, said on Monday it would buy partner Freeport McMoran’s copper/gold assets in Serbia for up to $390-million, substantially boosting its resources of both metals.
The move continues a recent acquisiti…
Zijin buys Freeport’s copper/gold assets in Serbia for up to $390m Read More »
