Vale’s licence to operate a dam key to production at one of its largest mines was revoked by a Brazilian state regulator on February 5, adding another hurdle to efforts by the iron ore king to return to normal operations. Shares declined.
The world’s …
Vale loses licence at dam that caused iron-ore force majeure Read More »
Vale did something it said it wasn’t going to do in the wake of the deadly tailings dam collapse in Brazil last month – declare force majeure on some of its iron ore contracts. Futures in Singapore gained.
The Brazilian mining giant invoked the clause…
Vale declares force majeure on iron-ore after halt at mine Read More »
Record palladium prices and a weaker rand are lifting the gloom enveloping South Africa’s platinum industry. For South African producers, the rally in palladium is partially offsetting the slump in platinum prices to near a decade low. Combined with a …
Palladium rally offers lifeline to stressed South African miners Read More »
First Quantum Minerals has offered to buy the Zambian government’s 20% stake in Africa’s biggest copper mine for as much as $700-million, according to two people familiar with the transaction.
Vancouver-based First Quantum already owns 80% of the Kan…
First Quantum is said to offer $700m for Zambia mine Read More »
For Azerbaijan’s sovereign wealth fund, nothing beats the safety of gold in a world gripped by trade disputes and geopolitical risk.
Known as Sofaz, the fund is looking to almost double its holdings of the precious metal in 2019 to 100 t after resumin…
Gold is one wealth fund’s escape from geopolitics, credit risk Read More »
After years on the sidelines, gold producers are suddenly the mining world’s hottest topic as the industry gathers in Cape Town this week.
For more than half a decade, gold miners have been stuck in the doldrums, shunned by investors following a strin…
Gold miners get their mojo back as giant deals revive allure Read More »
The country holding the world’s largest reserves of lithium says it’s one step closer to becoming a manufacturing hub for rechargeable batteries used in electric vehicles.
Chile is hopeful that battery makers such as Samsung and Posco will start insta…
Lithium giant’s landmark deal is big step to battery ‘dream’ Read More »
Project Halo, a South African group that bid R3.05-billion for Tegeta Exploration & Resources’ coal assets after it was placed under administration, said it expects the deal to go ahead and it’s unaware other offers will be entertained. “As things …
Project Halo stakes claim to buy Guptas’ Optimum coal mines Read More »
The deadly collapse of a Vale tailings dam in Brazil is serving as a wake-up call for an industry that regularly cuts costs by storing mining waste in the cheapest possible way.
The slurry of ground rock and effluents left over after companies extract…
Brazil’s costly mining failures tied to cheap waste storage Read More »
When the US lifted sanctions on United Co. Rusal, the conditions imposed on billionaire Oleg Deripaska provided relief for rival Russian tycoon Vladimir Potanin.
The two magnates have waged a decade-long battle for control of Russian mining giant MMC …
Sanctions relief for Deripaska’s Rusal cheers rival tycoon Read More »
