The world’s top iron ore producer has received board approval for a long-sought expansion of the already giant S11D iron ore mine.
Vale to go ahead with massive Serra Sul iron ore expansion Read More »
Hedge fund Bridgewater Associates raised its investment in gold-backed exchange-traded funds by a third in the second quarter, buying the equivalent of 170 000 ounces of gold worth $340-million at current prices, a regulatory filing showed.
The move i…
Bridgewater hedge fund boosts gold ETF investment to over $1bn Read More »
ASX- and TSX-V-listed Jervois Mining will restart drilling activities at its Kilembe area properties, in western Uganda, following a hiatus as a result of Covid-19-related restrictions. Jervois said on August 14 that it had received word from the gover…
Jervois set to resume drilling activities at Ugandan project Read More »
The two biggest nickel miners in the Philippines do not expect further major disruptions to their operations this year, after posting lower first-half ore sales due to lockdown measures aimed at containing the coronavirus.
Since neighbouring Indonesia…
Philippine nickel miners see 2020 back on track after virus hit H1 sales Read More »
London-listed Contango Holdings has signed a letter of intent (LoI) with South Mining relating to an offtake agreement for coal products produced at the company’s Lubu coalfield project, in Zimbabwe.
The LoI establishes the framework for formal offt…
Contango signs letter of intent towards 30 000 t coal offtake Read More »
Russian State-controlled diamond producer Alrosa said on Friday that its second-quarter net profit fell by 98% year on year to 300-million roubles ($4-million) as the novel coronavirus outbreak hit demand for precious stones.
The global diamond supply…
Coronavirus pushes Q2 net profit of Russian diamond miner Alrosa down 98% Read More »
Australia-listed Berkeley Energia is one permit away from starting full construction of the four-million-pound-a-year Salamanca uranium mine, in Spain.
The company this week announced that the Municipality of Retortillo had granted its urbanism licenc…
Berkeley one permit away from building uranium mine in Spain Read More »
JSE- and NYSE-listed platinum group metals (PGMs) and gold miner Sibanye-Stillwater has advised it expects a 3.7% increase year-on-year in basic earnings to R9.3-billion, or $563-million, for the six months ended June 30.
Basic earnings a share shoul…
Sibanye’s interim earnings boosted by higher prices, weaker dollar Read More »
Codelco CEO Octavio Araneda said on Thursday he expects the copper price to hold at around $2.80/lb through 2020.
Araneda, who has led Codelco through the coronavirus crisis in Chile, told reporters on a tour of the El Teniente mine that uncertainty s…
Codelco CEO sees copper price steady at $2.80/lb through 2020 Read More »
Latin America-focused Atico Mining has sealed a power agreement with Ecuadorian national electricity company CNEL, which CEO Alain Bureau describes as a major milestone for the La Plata project.
The power agreement confirms the collaboration between C…
Atico inks power agreement in Ecuador Read More »
