Australian Indigenous group to sue the government over mining operations in the Northern Territory
The Gumatj people claim there is a loss of native title over Rio Tinto’s Gove operations, previously owned by Nabalco.
Top Companies
Codelco, Salar Blanco to develop lithium project in Chile’s north.
Deal comes comes after a disagreement between the companies over adjoining lithium deposits in the area.
Codelco, Salar Blanco to develop lithium project in Chile’s north. Read More »
Iron ore prices help Rio Tinto fork out $1bn divvy, despite Oyu Tolgoi’s setback
Despite being its best half-year earnings since 2014, net profit dropped by 6% to $4.13bn as it wrote down $800 million from its investment in the Mongolian mine.
Iron ore prices help Rio Tinto fork out $1bn divvy, despite Oyu Tolgoi’s setback Read More »
Glencore warns of $350m hit on copper unit poor results, cobalt prices rout
Setbacks at its mines in DRC and Zambia caused copper production to fall 5% to 663,000 tonnes in the six months to June.
Glencore warns of $350m hit on copper unit poor results, cobalt prices rout Read More »
Rio’s credit profile not affected by Oyu Tolgoi expansion
Product diversification, among other things, is saving the credit profile of the world’s No.2 miner.
Rio’s credit profile not affected by Oyu Tolgoi expansion Read More »
Diamond market weakness prompts giant De Beers to curb supply
Move comes as trade tensions between the US and China pushed earnings down 27% in first-half of the year.
Diamond market weakness prompts giant De Beers to curb supply Read More »
Caterpillar pours cold water on manufacturing, energy sector hopes
Caterpillar (NYSE: CAT), the world’s no.1 heavy machinery maker, posted on Wednesday disappointing earnings driven mainly by its construction division, the major contributor […]
Caterpillar pours cold water on manufacturing, energy sector hopes Read More »
BHP earmarks $400 million to reduce emissions from its mines, products
The world’s No. 1 miner will spend that sum over the next five years, while linking executive pay more closely to environmental targets.
BHP earmarks $400 million to reduce emissions from its mines, products Read More »
Brumadinho dam disaster keeps hurting Vale: iron ore output falls 34%
The drop to 64.057 million tonnes came as several major operations remained fully or partially shut down in the second quarter following a deadly dam burst at the Corrego do Feijão mine.
Brumadinho dam disaster keeps hurting Vale: iron ore output falls 34% Read More »
Grupo Mexico’s activities in Guaymas suspended after sulfuric acid spill
The environmental protection agency ordered the closure because the mining company doesn’t have the required environmental impact permit to operate.
Grupo Mexico’s activities in Guaymas suspended after sulfuric acid spill Read More »