G7 to launch Russian diamond ban in bid to curb revenues, Belgium says
Mining News Pro - The Group of Seven (G7) countries is expected to announce an import ban on Russian diamonds in the next 2-3 weeks, Belgian officials told reporters on Friday, in a bid to tighten a squeeze on Russia’s capacity to finance the war in Ukraine.
-
-
Visit: 143
Mali gold mining revenue rose by 35% in 2022
Mining News Pro - State revenue from gold mining companies in Mali rose 35% year on year in 2022 to a record 763.7 billion CFA francs ($1.3 billion) due to increased tax revenues, a mines ministry official said on Wednesday.
-
-
Visit: 140
38.7% jump in Mobarakeh Steel Company sales revenue this year
Mining News Pro - The CEO of Mobarakeh Steel Company said that the sales revenue of Mobarakeh Steel Company has grown by 38.7% in the first 4 months of this year compared to the same period last year.
-
-
Visit: 142
Lundin Mining hits 2022 guidance, revenue over $2.2 billion
Mining News Pro - The team at Lundin Mining delivered solid operating and financial results for 2022, says CEO Peter Rockandel. Production guidance was achieved for copper, nickel and gold, generating over C$3 billion ($2.2bn) in revenue.
-
-
Visit: 187
Kazatomprom raises revenue guidance as uranium price surges
Mining News Pro - Kazakhstan-focused uranium miner Kazatomprom raised its 2022 revenue guidance, as geopolitical tensions and discussion of new nuclear projects spur higher prices.
-
-
Visit: 697
Samarco to add revenue, hit output goal sooner after Vale deal
Mining News Pro - Brazilian miner Samarco is expected to add $5.1 billion in net revenue by 2042 and bring forward its iron ore output goal after signing a 20-year production agreement with Vale SA, it said on Thursday.
-
-
Visit: 365
Lynas posts record revenue on strong demand for rare earths
Mining News Pro - Australia’s Lynas Rare Earths Ltd posted record second-quarter revenue on Wednesday, as demand for metals used in electric vehicles (EVs) grew amid a global push for reducing carbon emissions.
-
-
Visit: 578
Peru sees 60% increase in mining tax revenues
Mining News Pro - The Peruvian Ministry of Energy and Mines (MINEM) issued a report stating that regional and local governments saw an aggregate 60% increase in mining tax revenues in 2021.
-
-
Visit: 658
Peru’s proposed tax reform to boost revenues by $3bn
Mining News Pro - Peru’s finance minister Pedro Francke said on Thursday a proposed tax reform would increase fiscal coffers by about 12 billion soles ($3.03 billion), or 1.5% of the country’s gross domestic product.
-
-
Visit: 604
De Beers seventh sales cycle revenue amounts to $515m
Mining News Pro - Diamond miner De Beers sold an estimated $515-million of rough diamonds during its seventh sales cycle of the year.
-
-
Visit: 1001
Wheaton Precious Metals revenue hits record
Mining News Pro - Streaming company Wheaton Precious Metals has posted record revenue and cash flow of $655-million and $449-million, respectively, for the first half of 2021, resulting in an increase to its dividend.
-
-
Visit: 411
METS revenue suffers but hope remains
Mining News Pro - More than half of Australia’s mining equipment, technology and services (METS) companies suffered a decrease in revenue in 2019, according to Austmine’s National METS survey for 2020.
-
-
Visit: 1195
Lucapa sets new revenue records
Mining News Pro - Diamond miner Lucapa has reported a strong first half of production for the 2021 calendar year, on the back of record volumes from both its Lulo and Mothae mines during the second quarter.
-
-
Visit: 373
Tanzania gold refinery starts producing in drive to boost gold revenues
Mining News Pro - A new gold refinery set to be the biggest in Tanzania has begun production in a step towards the government's aim of processing more of the precious metal domestically.
-
-
Visit: 393
Soaring iron-ore prices boosting Aus revenues
Mining News Pro - Record iron-ore prices are expected to boost Australia’s iron-ore export value to A$136-billion in 2020/21, up from a previous record of A$103-billion in 2019/20, federal Resources Minister Keith Pitt said on Wednesday.
-
-
Visit: 491
Lynas revenue jumps 21% as rare earth prices hit new records
معدن نیوز - Australian miner Lynas Rare Earths posted a 20.6% rise in revenue in the March quarter as selling prices for the key metals it mines hit record highs amid strong demand, particularly for neodymium and praseodymium (NdPr).
-
-
Visit: 450
Philippines lifts nine-year-old ban on new mines to boost revenues
Mining News Pro - Philippine President Rodrigo Duterte has lifted a moratorium on new mineral agreements imposed in 2012, reopening the door to fresh mining investments as he seeks to boost state revenues to fund infrastructure projects and other initiatives.
-
-
Visit: 1399
Record 2020 revenues, operating cash flow from Gran Colombia
Mining News Pro - Colombia-focused miner Gran Colombia Gold has released its fourth-quarter and full-year 2020 financial results, its last reporting period with the Marmato mine sold to Aris Gold in February.
-
-
Visit: 684
Wheaton enjoys record 2020 revenue of $1.1bn, shares up
Mining News Pro - Wheaton Precious Metals enjoyed record 2020 revenues of $1.1 billion with 627,063 oz. gold-equivalent sold. The figure includes sales of 367,419 oz. gold, 22,9 million oz. silver, and 22,187 oz. palladium.
-
-
Visit: 564
Remarkable revenue for Sabanour Company in the first nine months
Mining News Pro - Sabanour Mining and Industrial Development Co. recorded a remarkable $40 million of revenue in the first nine months of the year.
-
-
Visit: 874
75% jump in operational revenue for KSC
Mining News Pro - Khouzestan Steel Company announced that the operational revenue in the first 8 months increased by 75% compared to the same period last year.
-
-
Visit: 1261
Lower coal volumes to hit QLD royalty revenue
Mining News Pro - The Queensland Government anticipates that lower coal royalties will send a considerable blow to its 2020-21 state budget, with a $4 billion cut expected over the next four years.
-
-
Visit: 676
Petra Diamonds loses shine with 36% revenue drop
Mining News Pro - Struggling Petra Diamonds (LON: PDL) reported on Tuesday a 36% fall in revenue and a net loss of $223 million (168.7 million pounds) for the year ended June 30, as the pandemic deepened the company’s financial woes.
-
-
Visit: 621
Franco-Nevada posts record Q3 revenues
Mining News Pro - With most major mining assets back up and running after coronavirus-related stoppages earlier this year, and amidst strong commodity prices, Franco-Nevada has reported record third-quarter financial results. These include new records in revenues recorded, at $279.8 million, adjusted EBITDA, which hit $235.1 million, and net income, at $153.9 million.
-
-
Visit: 630
Sabanour Company’s $18.3 million revenue in the first 5 months
Mining News Pro - Sabanour mining and industrial development company succeeded to gain $18.3 million of revenue that was a huge step for reaching the company’s target, $40 million.
-
-
Visit: 660