Oil and gas upstream M&A deal value hits highest Q1 levels since 2017
An ongoing consolidation in the US shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said.
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Some Japan buyers agree to pay Q1 aluminum premium of $90/t, down 7% Q/Q
Mining News Pro - Some Japanese aluminum buyers have agreed to pay global producers a premium of $90 per metric ton over the benchmark price for shipments in January to March, down 7% from the current quarter, three sources directly involved in the pricing talks said.
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Vedanta posts 41% slump in Q1 profit on soft metal prices
Mining News Pro - Indian metals-to-oil conglomerate Vedanta reported a 40.8% plunge in first-quarter profit on Friday, as weak commodity prices outweighed a slight increase in production and sales for metals like aluminum.
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Marathon Gold on schedule to begin production in Q1 2025
Mining News Pro - Marathon Gold is well on track to begin production at its 100%-owned Valentine gold project located in central Newfoundland by the first quarter of 2025. The company began early works on the property last October, followed by major construction mobilization in January.
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Chile’s drought hits Antofagasta’s copper output in Q1
Mining News Pro - Chilean miner Antofagasta (LON: ANTO) said on Wednesday its copper output fell in the March quarter from the previous three months due to water shortages in the home country, which has been hit by a decade-long drought exacerbated by climate change.
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Aurubis Q1 profit drops on high power prices
Mining News Pro - Aurubis posted a fall of about 24% in quarterly earnings on Monday, as high energy prices and inflation burdened despite strong demand but maintained upbeat earnings estimates for its full-year profits.
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Top 10 largest copper mining companies in Q1 2022
Mining News Pro - Chile’s Codelco was the world’s largest copper mining company in Q1 2022 (based on attributable copper tonnes). Freeport-McMoRan solidified its second position in the ranking due to production increase at Grasberg.
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Kinross reports ‘messy’ Q1 results as sale of Russian assets awaits approval
Mining News Pro - Kinross Gold has said that the company was in “uncharted territory” regarding the closure of the sale of its Russian assets.
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Turquoise Hill Q1 copper output down 33% due to lower head grades
Mining News Pro - Due to lower copper and gold head grades, Turquoise Hill Resources’ production from the Oyu Tolgoi mine during first quarter 2022 was lower than both the first quarter of last year and the fourth quarter.
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Vale reports decrease in Q1 iron ore output
Mining News Pro - Brazilian miner Vale SA first-quarter iron ore production fell 6.0% from the previous year, hit by heavy rainfall in January in Minas Gerais state which curbed its main production.
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Ucore, Innovation Metals’ rare earths processing plant expected in Q1 2022
Mining News Pro - Canada’s Ucore Rare Metals and its subsidiary Innovation Metals announced that Q1 2022 will see the commissioning of the RapidSX demonstration-scale plant, where the processes of separation and purification of rare-earth elements will take place.
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Ucore, Innovation Metals’ rare earths processing plant expected in Q1 2022
Mining News Pro - Canada’s Ucore Rare Metals and its subsidiary Innovation Metals announced that Q1 2022 will see the commissioning of the RapidSX demonstration-scale plant, where the processes of separation and purification of rare-earth elements will take place.
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Visit: 808
HOSCO steel production growth in Q1
Mining News Pro - CEO of HOSCO mentioned the good performance of the company in slab and DRI production in the first three months.
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More than 100% growth in Q1 for Nicico
Mining News Pro - The CEO of the National Iranian Copper Industries Company said: "In the first quarter of this year, we had more than 100% growth in sales compared to last year."
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Global copper mine production up 3.7% in Q121
Mining News Pro - The International Copper Study Group (ICSG) has released preliminary data for March world copper supply and demand in its June 2021 Copper Bulletin.
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Cameco Q1 results in line with expectations
Mining News Pro - Canadian uranium miner Cameco on Friday reported first-quarter results that were in line with its expectations, reporting an adjusted loss of $29-million, or $0.07 a share, for the three months ended March 31.
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AngloGold Q1 earnings rise to $203m despite lower production, higher costs
Mining News Pro - Gold mining company AngloGold Ashanti reported first quarter (Q1) headline earnings of $203-million, driven by the higher gold price.
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Cameco shares surge despite posting Q1 loss
Mining News Pro - Despite the near-term costs of its business strategy and the unplanned disruptions due to the covid-19 pandemic, Cameco ended the first quarter of 2021 with over a billion dollars in cash, and was successful in adding 9 million pounds U3O8 to its long-term contract portfolio.
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Cameco shares surge despite posting Q1 loss
Mining News Pro - Despite the near-term costs of its business strategy and the unplanned disruptions due to the covid-19 pandemic, Cameco ended the first quarter of 2021 with over a billion dollars in cash, and was successful in adding 9 million pounds U3O8 to its long-term contract portfolio.
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Brazil's Vale beats Q1 profit estimates
Mining News Pro - Iron-ore miner Vale SA beat first quarter profit estimates on Monday, with the Brazilian company boosted by a record performance in its ferrous minerals division.
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SSR Mining to pay dividend beginning Q1 2021
Mining News Pro - SSR Mining will pay a quarterly cash dividend of $0.05 per share starting from the first quarter of 2021, the company announced on Thursday, together with its Q3 2020 results.
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Atlantic Nickel’s Santa Rita marks Q1 milestones
Mining News Pro - The Santa Rita mine in Brazil — one of the largest open-pit nickel sulphide mines in the world — remains fully operational with limited disruptions to the supply chain, owner and operator Atlantic Nickel said in an update on Tuesday.
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McEwen posts $99m Q1 loss on Gold Bar write-down
Mining News Pro - McEwen Mining posted a net loss of $99.2 million or $0.25 per share for the quarter ended March 31, primarily due to a $83.8 million impairment charge for its Gold Bar mine in Nevada.
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Teranga shares hit 5-year high on Q1 output rise
Mining News Pro - Teranga Gold saw production rise by 27% to 91,312 ounces for Q1 2020, driven by strong performance at its Wahgnion operations in Burkina Faso.
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Jaguar gold production up 28% in Q1
Mining News Pro - Jaguar Mining reported on Wednesday that first-quarter gold production increased 28% to 21,008 ounces from 16,365 in the first quarter of 2019.
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Visit: 535