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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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