Mining

Mining News Pro - Brazil’s securities regulator CVM said on Monday it has opened up an additional investigation into whether executives of iron ore miner Vale SA breached their fiduciary duties in relation to a January dam collapse which killed nearly 250 people.

Mining News Pro - Researchers at the U.S. Department of Energy have invented a process to extract rare earth elements from the scrapped magnets of used hard drives and other sources and are working with colleagues at the Oak Ridge National Laboratory to scale up the process and produce commercial batches of rare earth oxides.

Mining News Pro - Vale announced this week it is carrying out three impoundment projects in Minas Gerais, Brazil, in areas downstream of the Sul Superior in Barão de Cocais, B3/B4 at Macacos in Nova Lima, and Grupo dams near the community of São Gonçalo do Bação, in Itabirito.

Mining News Pro - A 14.83-carat pink oval diamond found and polished by Russia’s Alrosa (MCX:ALRS) could fetch up to $65 million when it goes up for sale in November.

Mining News Pro - Anglo American’s De Beers, the world’s No.1 diamond miner by value, will once again let buyers reject some of the precious stones at the company’s upcoming sale amid weak prices and miners facing challenging times, especially those producing cheaper and smaller stones where there is too much supply.

Mining News Pro - The world’s top platinum and palladium supplier has an answer to the electric-car boom that may pose a long-term threat to its biggest market: invent a new battery.

Mining News Pro - Australia’s Northern Minerals Ltd said on Monday it has signed a rare earths supply agreement with Germany’s Thyssenkrupp AG, just days after terminating a deal with China’s Lianyugang Zeyu New Materials Sales Co.

Mining News Pro - Sandvik’s (STO: SAND) chief executive officer, Bjorn Rosengren, is leaving the Swedish mining equipment maker in November to lead Swiss engineering giant ABB (SWX: ABBN), which is in the midst of a major overhaul that would leave it more focused on robotics and automation.

Mining News Pro - Fresh from closing a $518 million acquisition, metals firm China Molybdenum Co (CMOC) remains open to deals that would boost business in the booming electric vehicle (EV) battery sector, the company’s chief executive said on Friday.

Mining News Pro - The mothballed Dartbrook coal mine in the Hunter Valley, New South Wales, Australia can restart operations, the state’s Independent Planning Commission ruled on Friday.

Mining News Pro - As plummeting iron ore prices weighed on Rio Tinto Group’s stock for a seventh-straight trading day, CEO Jean-Sebastien Jacques defended the miner as a “cash machine” that will keep rewarding shareholders.

Mining News Pro - At the foot of a slag heap some 40 metres high, Adi Kalie Bangura showed the black welts that dot his arms and legs that he says are the result of drinking and bathing in water contaminated by Sierra Leone’s largest diamond mine.

Mining News Pro - While iron ore has been hammered by the renewed escalation of the U.S.-China trade war, there are also signs the supply crunch that sent prices to a five-year high is easing.

Mining News Pro - CEO of IMPASCO was announced as the best mining explorer in South Khorasan.

Mining News Pro - Australia’s Productivity Commission will conduct a 12-month review aimed at streamlining regulation in the resources sector.

Mining News Pro - Rio Tinto surprised investors on Thursday with a $1 billion special dividend on the back of strong iron ore prices and despite an $800 million write-down on its massive Oyu Tolgoi underground copper project in Mongolia.

Mining News Pro - Champion Iron (TSX, ASX: CIA) announced today that the company posted strong operational and financial results for the first quarter ended June 30, breaking quarterly production records at the Bloom Lake mine in Québec and recording its highest ever operating cash flow.

Mining News Pro - Eskom Holdings SOC Ltd. is challenging the South African energy regulator in court over a tariff increase the state-owned utility says isn’t sufficient, Mining Weekly reports, citing court papers.

Mining News Pro - Canadian energy regulators recommended approval of an oil sands mine proposed by Teck Resources Ltd in northern Alberta, saying economic benefits would outweigh “significant” adverse effects on the environment and indigenous communities.

Mining News Pro - 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 to earnings, in yet another sign of an ongoing slowdown in manufacturing and volatility in the energy sector.

In Picture