Eurasian Resources Group Sarl will halt production at a copper and cobalt mine in the Democratic Republic of Congo, as it considers future investment in new production methods.The shutdown at Boss Mining Sprl will curb cobalt supplies from a nation that accounts for three-quarters of global production of the metal used in rechargeable batteries. The suspension comes at a time of strained relations...Read More
Chile's Superintendency of the Environment (SMA) filed charges against Lumina Copper on Tuesday for infractions to the provisions established in its Resolutions of Environmental Rating (RCA), both at the Caserones mine and the Electric Transmission Line necessary for the development of the project.Lumina Copper faces fines of up to $54.8 million for infractions to the provisions established in it...Read More
Glencore Plc is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo, the Wall Street Journal reported citing sources on Tuesday.The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.The company also plans to lay off about 2,000 employees, mostly contractors, at the Mutanda mine...Read More
Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has turned up the heat in a boardroom battle that seeks to replace the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, released an investor presentation on Tuesday, detailing what it sees as the path forward for the miner. The...Read More
BHP, the world's largest mining company, has urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years."As an industry, we now have to redouble our efforts to make sure events like this simply cannot happen," Chief E...Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech is aiming to become one of the world's leading suppliers of HPA and Tan, a lithium trailblazer, foresees a similar trajectory for HPA.Over the past decade, market awareness and the lithium price have increased with lithium-ion batteries becoming commonplace and the shift towards electric vehicles gaining momentum....Read More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumCandelas is located among three high-profile neighbours, next to Galaxy Resources' Sal de Vida deposit, within kilometres of FMC spin-out Livent's long-running El Fenix operations and near POSCO's recently completed purchase of Galaxy's northern tenements for US$280 million.With lithium carbonate operating costs pegged a...Read More
Cobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsMining Journal: Did you learn anything new at Indaba? Andy Leyland: I was actually quite surprised by how far advanced some of the African battery raw material projects are.Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resources"Due to the scale of Marimaca, Berta was a distraction for us," president and CEO Luis Tondo told Mining Journal.Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard futu...Read More
By Laura Millan Lombrana(Bloomberg) - Just weeks after the police unit was formed, they caught their first glimpse of the copper thieves - the silhouettes of a group of men on a hill overlooking the rail lines - triggering a car chase at the dead of night across Chile's Atacama desert.While the pursuit ended in failure, with the gang disappearing into the dark at full speed, at least the police ha...Read More
Anglo American Minas Rio mine ore loading at dedicated export terminal port of A??u in Rio de Janeiro state, Brazil. October 2014.A surge in iron ore prices is fueling hopes for bigger returns and a share-buyback spree as the world's top miners prepare to report results.BHP Group, Rio Tinto Group, Glencore Plc and Anglo American Plc are expected to announce bumper profits over the next two weeks....Read More
JAKARTA, Feb 18 (Reuters) -* PT Freeport Indonesia's copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message.* The unit of Freeport McMoRan for the time being is shipping part of its production to its smelter in East...Read More
The immediate issue is trying to separate the grim reality of 200 people killed in the mudslides that followed the dam bursts from the fat profits being made by shareholders in iron ore miningRead More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesSchmidt said while growth in China had stuttered, urbanisation still represented one of the biggest growth drivers over the next decade.Read More
This week, Panoramic Resources (ASX:PAN) sent out the first shipment of bulk nickel/copper/cobalt concentrate from its Savannah mine in Western Australia to Lianyungang, China.The shipment is making the news because its contents were produced after Panoramic was able to reopen the mine, which had been placed on care and maintenance in May 2016. The miner was waiting for a recovery in the nickel pr...Read More
In 2010, a mine in northern Chile collapsed, trapping 33 workers underground for more than two months. IBM is working to provide AI solutions that can improve response to mine disasters. (Image: Miner Alex Vega. Hugo Infante, Chilean Gov't via Wikipedia.)Much has been said lately about how IBM's cognitive exploration and content analysis platform, known as Watson, is helping major miners, such as...Read More
The region is part of a series of structurally controlled vein deposits known as the White Gold District, south of Dawson City, and along the 1,200km-long Tintina gold belt. Some estimates put the placer gold recovered along the belt at between 13 and 20 million ounces, but despite the number of deposits in the area, the hard rock source of this placer gold has never been identified.Some say the d...Read More
* Growth picks up from 5.3 pct in 2017, beats expectations* Foreign trade up 22.3 pct on yearMongolia's economy grew 6.9 percent in 2018, beating expectations and accelerating from a 5.3 percent pace the previous year, the statistics office said on Friday.An increase in foreign trade revenues, particularly from resources such as coal and copper helped drive the expansion, which was higher than an...Read More
Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in C??te d'Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored, with numerous targets identified.The Doropo mineral resource grew to 2.13m ounces at 1.31 grams per tonne of gold in the indicated category, up 58% from la...Read More