De Beers’ diamond sales plunged to the lowest since 2017 in the company’s latest offering, underlining a slump in the industry worldwide.
Anglo American PLC Mining News
After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.
Anglo American’s defense advisers are said to plan attacks on the quality of Vedanta’s portfolio compared to Anglo’s assets.
Rio Tinto plans to offer technical consulting advice, as well as contribute $1 million over five years to the program.
Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.
South African mining companies are challenging parts of a government charter aimed at redistributing the country’s mineral wealth, saying it will deter new investment in the industry.
Ecuador has tethered its economic fortunes to a burgeoning mining industry. Now it just needs to get bureaucrats and community leaders on board.
Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.
It is improbable that a strike would have an impact on total exports.
Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.
Anglo American has obtained hundreds of permits to explore in the Brazilian states of Mato Grosso and Para.
The project at Collahuasi is one of the world's largest copper mines, with an estimated 2018 production of 545,000 tonnes.
Don’t listen to what miners say. Look at what they do.
Cajamarca could attract as much as $18.2 billion investment in new projects, according to the Mines and Energy Ministry.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
The revised guidance is part of the company's ongoing progress in a number of low cost copper growth opportunities.
For all the bullish talk about metals of the future, miners are making some of their biggest profits from heavy-industry stalwart coal.
Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does for miners.
Although about half of South African output is estimated to be unprofitable, few companies are reducing production by a meaningful amount.
This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.
Miners and investors are poring over satellite images, tracking drilling rigs and quizzing company executives for clues.
Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.
Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.
Quellaveco is one of the world’s largest untapped copper orebodies and Anglo’s board is set to decide later in the year whether or not to green-light development of the $5.5bn mine.
The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.