Infomine

By Cecilia Jamasmie Miners around the globe dug up 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile, data released by the International Copper Study Group (ICSG) shows. The general increase, a 7.1% compared to Q1 2016, was […]

By Cecilia Jamasmie Shares in Sirius Minerals (LON:SXX), the British company building a huge polyhalite mine beneath a national park, were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal. Sirius, which plans to sink two 1,500m deep shafts in the Yorkshire moors this year, said

By Cecilia Jamasmie World’s largest miner BHP (ASX, NYSE:BHP) (LON:BLT) is said to have hired Goldman Sachs to assist in the sale of the Western Australia-based Nickel West, four years after giving up on the plan to divest the asset because it could find a suitor to meet price expectations. In 2017, the last time

By Cecilia Jamasmie Mining infrastructure supplier Mineral Resources (ASX: MIN) has bowed to Australia’s richest woman, Gina Rinehart, in the battle for junior iron ore miner Atlas Iron (ASX: AGO), by saying Wednesday it would not make an offer to counter her A$390 million ($288 million) cash bid. Fortescue Metals still has a 19.9%-stake in

By Frik Els Mining and metals stocks came in for more punishment on Tuesday as the trade spat between the US and China escalated amid a war of words between Washington and Beijing. On Tuesday, Donald Trump threatened to impose a 10% tariff on $200 billion of Chinese goods in retaliation for what the US

By Cecilia Jamasmie Canada’s Nutrien (TSX:NTR), the world’s largest potash miner, is closer than ever to fulfilling all conditions for the merger between Potash Corp. and Agrium, which created the company, after India’s antitrust regulator green-lighted the sale of its 24% stake in Chile’s Chemical and Mining Society (SQM) to China’s Tianqi. The country’s Competition

By Cecilia Jamasmie World’s No.1 miner BHP (ASX:BHP) is said to have agreed selling its Cerro Colorado mine, its smallest Chilean copper operation, to EMR Capital Advisors Pty, an Australian private equity firm that invests in natural resources. The Melbourne-based mining giant is supposed to announce the deal as early as Tuesday, according to unanimous

By Frik Els ICE, ICE baby Copper prices retreated again on Monday to $3.09 a pound or $6,830 a tonne, bringing losses for the bellwether metal over the past week to nearly 6%. Two weeks ago copper touched the highest levels since January 2014. Worries about the impact of a trade war between the US

By Cecilia Jamasmie Australia’s Lucapa Diamond (ASX:LOM) said Monday it had made $2 million after selling a new parcel of diamonds found at its prolific Lulo mine in Angola. Together with its partners, Empresa Nacional de Diamantes and Rosas & Petalas, Lucapa sold 1,782 carats at an average price of $1,150 per carat. Sale has

By Michael Allan McCrae Vancouver-based zinc miner, Arizona Mining, is being bought by South32 for US$1.3 billion in an all-cash offer. Arizona Mining (TSE:AZ) shares shot up 48% to $6.14 a share. The offer price of C$6.20 per share represents a 50 per cent premium to the closing price on 15 June. The deal is