Ecuador plans to ship its first large copper cargo within weeks, a milestone in its ambitions to evolve from exploration hotspot to copper exporter.
The El Mirador copper mine, owned by a unit of the Chinese consortium CRCC-Tongguan, started operation…
Ecuador says ready to ship first big copper export within weeks Read More »
Iron-ore pellets producer Ferrexpo said on Monday its CEO Kostyantin Zhevago would "temporarily" step aside to resolve matters relating to one of his former businesses in Ukraine.
"This temporary change of leadership is necessary and in th…
Ferrexpo CEO steps aside to resolve Ukraine issues Read More »
South African petrochemicals group Sasol said on Monday its joint chief executives, Bongani Nqwababa and Stephen Cornell, will step down following a review of its Lake Charles Chemicals project (LCCP), which has been hit by delays and rising costs. Sas…
Sasol’s joint CEOs to step down following US project glitch Read More »
ale’s CEO said on Friday that a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse, which killed more than 250 people.
Eduardo Bartolomeo told investors on a conf…
Vale CEO says not yet time to resume dividends Read More »
Metals producers, from miners to smelters, are grappling with increasingly tough and costly environmental demands imposed by banks seeking cleaner investments. While the transition may prove overwhelming for smaller producers, larger companies are play…
Metals sector in costly battle to turn green Read More »
Brazilian miner Vale on Thursday reported a weaker-than-forecast 15% gain in quarterly earnings as the iron-ore exporter tries to overhaul its operations to avoid a recurrence of the dam burst that killed more than 250 people in January.
Vale’s net pr…
Vale earnings miss expectations, cites dam shutdown progress Read More »
Albemarle, the world’s largest lithium producer, on Thursday cut its sales and profit forecasts for the year, hit by a continued slump in prices for the white metal, sending its shares down nearly 7% in extended trading.
Demand for lithium, a key comp…
Albemarle cuts 2019 forecast on lithium price pressure Read More »
Polymetal, one of Russia’s largest gold and silver producers, is in talks with European banks on "green" project financing, CEO Vitaly Nesis told Reuters on Thursday, adding that a deal could be reached in the second half of 2020.
The agreemen…
Polymetal considers green project financing, copper projects Read More »
Zimbabwe’s State-owned electricity distributor, grappling with drought and ageing equipment, said on Thursday it will disconnect mines, farms and other users as it looks to recover $77-million in unpaid bills. The Southern African nation is experiencin…
Zimbabwe to cut power to mines, others over $77m in unpaid bills Read More »
Zimbabwe’s State-owned electricity distributor, grappling with drought and ageing equipment, said on Thursday it will disconnect mines, farms and other users as it looks to recover $77-million in unpaid bills. The Southern African nation is experiencin…
Zimbabwe to cut power to mines, others over $77m in unpaid bills Read More »
