Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian government’s hopes of a forthcoming announcement.
Wednesday, May 8, 2024 - 00:02:44
A Brazilian federal court rejected a request made by the country’s solicitor general’s office asking that miners Vale, BHP and their joint venture Samarco pay 79.6 billion reais ($15.64 billion) for the 2015 collapse of a tailings dam.
Wednesday, May 8, 2024 - 00:01:20
Imports of iron ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric tons, similar to last year’s 1.18 billion tons, a senior official of miner Vale said on Wednesday.
Wednesday, May 8, 2024 - 00:00:07
The secretary-general of the International Seabed Authority is set to run for a third term leading the United Nations-affiliated organization that regulates deep sea mining, as control of mineral resources used to make electric car batteries becomes a focus of US-China rivalry.
Tuesday, May 7, 2024 - 22:27:02
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival Anglo American would see one of the Rainbow Nation’s most familiar companies largely withdraw from the country more than a hundred years after it was founded. The question is whether the government in Pretoria can stop the $39 billion transaction – and whether it should.
Tuesday, May 7, 2024 - 22:23:36
Europe’s largest copper producer Aurubis AG reported first-half core profit above expectations on Wednesday, helped by lower electricity and gas prices.
Wednesday, May 8, 2024 - 23:59:02
Australia will spend A$566 million ($373 million) over the coming decade to map out resource deposits with a focus on reserves of critical minerals, which are vital for high-tech manufacturing and the green-energy transition.
Wednesday, May 8, 2024 - 23:57:06
Indonesia’s nickel reserves are sufficient for expanded processing operations, an investment ministry official said on Wednesday, amid calls from a miners’ group to curb construction of new smelters to ease a global glut.
Wednesday, May 8, 2024 - 00:07:48
Equinor on Wednesday said it has entered an agreement with Standard Lithium to acquire a 45% stake in lithium projects located in Southwest Arkansas and East Texas.
Wednesday, May 8, 2024 - 00:06:14
China issued draft rules on Wednesday to regulate its lithium battery market, after rapid expansion in the sector hit industry profits and sparked concerns about overcapacity in international market.
Wednesday, May 8, 2024 - 00:04:44
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.
Tuesday, May 7, 2024 - 22:32:54
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the Federal Reserve fights inflation.
Monday, May 6, 2024 - 22:19:56
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in Pakistan’s Reko Diq gold and copper project, a Pakistan government document showed on Monday.
Monday, May 6, 2024 - 22:17:51
Peru’s dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper prices and a bullish outlook they will rise further, helping lure back investor interest, the country’s mining minister said on Friday.
Sunday, May 5, 2024 - 14:40:13
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South Africa on May 1.
Friday, May 3, 2024 - 14:32:40
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, extending the period of consecutive purchases to 18 months despite high gold prices.
Tuesday, May 7, 2024 - 22:31:41
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group’s $39 billion takeover bid, a source familiar with the matter told Reuters.
Saturday, May 4, 2024 - 14:38:31
A five-year delay to decarbonization efforts could see global average temperatures rising to 3 degrees Celsius above pre-industrial levels and result in a 55% fall in global average spending, a report by consultancy Wood Mackenzie showed.
Thursday, May 2, 2024 - 14:15:32
Copper miner Antofagasta Plc is holding meetings with investors this week for its first dollar bond offering in nearly two years, people familiar with the matter said.
Friday, April 26, 2024 - 17:16:02
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines minister, a post he held before last year’s elections.
Wednesday, April 24, 2024 - 19:15:11
Mining News Pro - Westgold Resources has recommenced underground sub-level cave stoping at the Big Bell underground mine in Western Australia.
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