Industry News

  • Antofagasta copper output steady despite pandemic

    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...
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  • Alrosa kicks off diamond exploration in Zimbabwe

    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...
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  • Karora Resources to sell 28% of Quebec nickel project

    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...
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  • Court suspends Vale’s $1.5bn deposit in Brumadinho case

    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...
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  • SSR-Alacer merger gets final approval

    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 ...
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  • Pan American suspends Peru operations

    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...
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  • Gold price climbs again after Citi says record is “matter of time”

    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-...
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  • Copper price surges to two-year high

    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...
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  • High gold, iron ore prices drive Brazil mining revenue

    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 ...
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  • Premier Gold terminates 40% of workers at Mercedes mine in Mexico

    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,...
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  • Shandong Gold ups offer for Cardinal

    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...
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  • Endeavour increases gold resources by 14% at Hounde

    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...
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