Infomine

By Cecilia Jamasmie Anglo American’s De Beers said Thursday it had completed the acquisition of Peregrine Diamonds, the company behind the Chidliak project in the Canadian territory of Nunavut, as the world’s largest roughs producer by value needs to replace its closing mines in the country. The C$107 million-deal ($82m), announced in July, extends De […]

By Cecilia Jamasmie As Hurricane Florence — a monster Category 2 storm — takes aim at southeastern United States, one of the country’s most important coal export hubs has halted operations due looming damage to ships and infrastructure, analysts at Wood Mackenzie said Thursday. The National Hurricane Centre said in an advisory note there was

By Cecilia Jamasmie Australia’s Kidman Resources (ASX: KDR) and Chilean partner SQM (NYSE: SQM) may lose their right to develop their Mount Holland lithium project in West Australia after a ruling issued by a unit of the state government in charge of mining leases. On Wednesday, West Australia’s Warden’s Court urged Mines Minister Bill Johnston

By Cecilia Jamasmie Sunday Sep. 9, 2018 will go down in Chile’s copper state miner Codelco’s history of as one the most important days of its Chuquicamata mine’s 103 years of existence. This, because it marked the last blast at the bottom of the open pit operation, expected to transition to underground block cave mining

By Michael Allan McCrae Teck’s Red Dog is still zinc’s king of the hill after producing 542 kilotonnes of the metal in 2017. While top-ranked Red Dog is 170-kilometers north of the Arctic Circle in Alaska with winter lows of -22C, the number two mine, Rampura Agucha, is located in India and has maximum temperature

By Cecilia Jamasmie Brazil’s Vale (NYSE:VALE), the world’s No.1 iron ore miner, is turning the truck fleet at its Brucutu mine in Minas Gerais into a fully autonomous one next year, after a successful seven-vehicles-trial allowed it to increase the volume of ore transported at the site by 26% in just a month. By early

By Cecilia Jamasmie Anglo American’s De Beers, the world’s No.1 diamond miner by value, has just had the lowest sales for its seventh cycle since it began releasing data in 2016, as it let customers delay acquiring smaller stones for the first time. Sales for the cycle stood at a provisional $505 million, down 5.5%

By Cecilia Jamasmie Germany-based fertilizer producer K+S AG (FRA:SDF1) has temporarily halted production at a facility part of its Werra mine network, the second one the company has had to shut down in the last two weeks due to a severe drought affecting the country, especially in the northern and eastern parts. K+S shut down

By Cecilia Jamasmie Production cuts, halted projects and operations, as well as renewed interest from investors has helped drive uranium prices up by 30% in the past four months, but experts remain cautious about the long-term outlook for the commodity. Decade-low prices have had a negative effect on the profitability of existing mines and a

By Cecilia Jamasmie A unit of Chinese state-run conglomerate CITIC will become this month Canada’s Ivanhoe Mines’ (TSX:IVN) biggest shareholder following billionaire Robert Friedland’s company’s decision to sell a 20% stake for about $548 million (C$723m). The deal, announced in June, has received all necessary approvals from China’s regulatory agencies, so it’s expected to close