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Antofagasta copper output steady despite pandemic
Antofagasta copper output steady despite pandemic Chilean miner Antofagasta (LON:ANTO) has shown resilience amid the country’s covid-19 crisis, delivering copper volumes in the second quarter that were 5% ahead of expectations, but 8.4% lower than the previous period. In the three months to Ju...Read more -
Alrosa kicks off diamond exploration in Zimbabwe
Alrosa kicks off diamond exploration in Zimbabwe Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output, has begun prospecting and preliminary exploration works for deposits in Zimbabwe, as part of a partnership with the country’s Consolidated Diamond Company (ZCDC). The m...Read more -
Karora Resources to sell 28% of Quebec nickel project
Karora Resources to sell 28% of Quebec nickel project Canada’s Karora Resources (TSX: KRR), formerly known as RNC Minerals, is selling its 28% interest in the Dumont project in Quebec, one of the globe’s largest undeveloped nickel assets, to two private funds advised by Waterton Global Re...Read more -
Court suspends Vale’s $1.5bn deposit in Brumadinho case
Court suspends Vale’s $1.5bn deposit in Brumadinho case Vale (NYSE: VALE) said on Friday that a new court decision had suspended 7.9 billion reais ($1.5 billion) in legal deposits that had been previously required in a case related to the deadly dam collapse in Brumadinho last year. The a...Read more -
SSR-Alacer merger gets final approval
SSR-Alacer merger gets final approval Alacer Gold (TSX: ASR) announced on Friday that it has obtained a final order from the Supreme Court of Yukon approving the merger with SSR Mining (TSX: SSRM). In May, Vancouver-based SSR Mining agreed to a deal to acquire its Canadian counterpart in ...Read more -
Pan American suspends Peru operations
Pan American suspends Peru operations Pan American Silver (NASDAQ: PAAS, TSX: PAAS) announced on Monday it is moving its Huaron and Morococha operations in Peru into care and maintenance in response to several workers at the mines recently testing positive for covid-19. According to the c...Read more -
Gold price climbs again after Citi says record is “matter of time”
Gold price climbs again after Citi says record is “matter of time” The rally in the gold price regained momentum on Monday as investors continue to pile into hard assets amid a flood of easy money on financial markets in the developed world and expectations of a prolonged period of ultra-...Read more -
Copper price surges to two-year high
Copper price surges to two-year high Copper futures prices rallied on Tuesday after the agreement of a massive economic stimulus plan in Europe, optimism about a covid-19 vaccine and ongoing worries about pandemic-hit supply from top producer South America. Copper for delivery in Septembe...Read more -
High gold, iron ore prices drive Brazil mining revenue
High gold, iron ore prices drive Brazil mining revenue High prices of iron ore and gold will help the mining industry in Brazil to keep revenues in 2020 similar to 2019, despite the impact of the novel coronavirus, according to the Brazilian mining association (Ibram). In Q2 2020, mining ...Read more -
Premier Gold terminates 40% of workers at Mercedes mine in Mexico
Premier Gold terminates 40% of workers at Mercedes mine in Mexico Premier Gold Mines (TSX: PG) announced that it is fully restarting operations at its Mercedes gold/silver mine in Mexico, but with a new strategy that requires letting go of a significant number of employees. In a press release,...Read more -
Shandong Gold ups offer for Cardinal
Shandong Gold ups offer for Cardinal Australia-based Cardinal Resources (ASX, TSX: CDV) announced on Wednesday it has received an improved takeover offer from China’s Shandong Gold. The new proposal from Shandong Gold follows a recent takeover bid launched by Russia’s Nordgold, whose chai...Read more -
Endeavour increases gold resources by 14% at Hounde
Endeavour increases gold resources by 14% at Hounde Endeavour Mining (TSX: EDV) has announced an increase of 554,000 oz. of gold resources at its Hounde mine in Burkina Faso, located approximately 250 km southwest of the capital Ouagadougou. The updated mineral resources now stand at 74.6...Read more