Botswana sells troubled state-owned mine to Canada’s Premium Nickel Resources

Mining News Pro - Canada’s Premium Nickel Resources (PNR) will buy Botswana’s defunct, state-owned BCL copper mine with a view to restarting operations within three years, Minister of Minerals, Green Technology and Energy Resources Lefoko Moagi said late on Tuesday.

Botswana sells troubled State-owned mine to Canada's Premium Nickel Resources

Mining News Pro - Canada's Premium Nickel Resources (PNR) will buy Botswana's defunct, State-owned BCL copper mine with a view to restarting operations within three years, Minister of Minerals, Green Technology and Energy Resources Lefoko Moagi said late on Tuesday.

Gruyere troubles put bump in Gold Road

Mining News Pro - Gold Road Resources has reported lower gold production for the June quarter following processing plant issues at the Gruyere joint venture (JV) operation in Western Australia last month.

Macmahon untroubled by labour market

Mining News Pro - Macmahon Holdings has signed three previously announced contracts, one new contract and largely avoided labour shortages which have plagued Australia’s mining industry.

OceanaGold persists through NZ, US troubles

Mining News Pro - OceanaGold is on track to deliver production at the Martha underground mine in New Zealand late this quarter after entering production this year.

Fund warns Turquoise Hill over troubled Oyu Tolgoi

Mining News Pro - London investment firm Odey Asset Management has accused Turquoise Hill of destroying value through lack of action over problems at Oyu Tolgoi.

Lithium giant’s troubles laid bare as massive loan payment nears

Mining News Pro - The clock is ticking for Tianqi Lithium Corp. to haul itself out from under a massive debt burden that sees it needing to come up with $1.88 billion by the end of this month.

Lundin lowers guidance on mine troubles

Mining News Pro - Canada’s Lundin Mining saw profit increase in the third quarter and declared a dividend, but labour and technical disruptions forced the company to lower its guidance for three of its four operating mines.

Altura up for sale as lithium troubles take toll

Mining News Pro - Altura Mining has folded under the pressure of the struggling lithium market, with the company set to start a sale process as its Pilgangoora operation in Western Australia is placed on care and maintenance.

Sulphur squeeze spells trouble for Congo’s miners

Mining News Pro - Disruptions caused by the coronavirus crisis have pushed up prices for sulphur by about 10% this year in the Democratic Republic of Congo, driving up costs of a vital ingredient for mining cobalt and copper in the African nation.

Greece to sell troubled nickel producer Larco`s assets

Mining News Pro - Greece plans to liquidate Larco, one of Europe`s biggest nickel producers which is struggling under heavy debt, and then look for an investor for some of the company`s assets, its energy minister said on Friday.

Changes in financial markets trouble mining industry

Mining News Pro - Analysts at CPM have studied the precious metals and commodities markets — including investment trends in mining equities — since the 1970s. This long and intimate involvement gives us insight into the transformations that clearly now are wracking the buy side, the sell side and the mining industry.

Cratering demand signals more trouble in coal country

Mining News Pro - The shift from coal to cheaper and cleaner fuel sources like natural gas and renewables claimed another victim in the US last week.

Turquoise Hill’s stock tanks on Mongolia troubles

Mining News Pro - Turquoise Hill’s (NSYE: TRQ) stock tanked over 42% on Tuesday, after releasing its Q2 2019 report, revealing costs for the expansion of its Oyu Tolgoi mine could increase by up to $1.9 billion.

Copper clashes at world`s largest pit signal trouble ahead

Mining News Pro - The world’s biggest copper maker is pushing to modernise one of its oldest mines. With the plans spurring a quickening series of worker protests and disruptions, it’s becoming clear that technical challenges won’t be the only hurdle.

Sinking shipping gauge signals trouble for iron ore, coal price

Mining News Pro - The Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago.

Metals Appear To Be In Trouble

Mining News Agency - This week we have watched the metals continue to churn in a range and mentioned that they may have found a higher low with a new support level. On Thursday, gold sold off hard, trading below the $1,330 support but closing right near support.

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