The new vessel is expected to add about 500,000 carat a year of production capacity to Debmarine Namibia, a 50/50 joint venture between De Beers and the African nation's government.
Anglo American Mining News
Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.
Norwegian pension fund manager KLP has sold $366m of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American.
Global demand for strategic minerals like lithium, graphite and nickel will skyrocket by 965%, 383% and 108% respectively by 2050, according to the World Bank’s updated 2018 projections.
Billionaire Anil Agarwal voted against Anglo American's appointment of a new Brazilian board member, saying the focus should be on South Africa.
Production dropped 6% in the quarter.
The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing.
Last year the mine produced 560,000 tonnes of copper, placing it among Chile´s top three producing mines.
The area around Los Bronces copper mine hosts 30% of Chile's copper resources and 10% of the world's.
Natural diamond supply is estimated to come off this year and continue to incrementally decline through at least 2021, which should be supportive of diamond prices and thus miners.
The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.
The Diamond Producers Association, which represents mining companies like De Beers, Rio Tinto and Alrosa, welcomed the FTC insistence that companies distinguish between diamonds that are mined and those that are made in laboratories.
Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.
This pilot project is expected to generate 150 MWh/year from 256 photovoltaic cells.
The world’s top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, northwest of Johannesburg. That almost doubles the area it has given to communities to 473 hectares since 2014.
The newly installed panels at the Los Bronces copper mine have the capacity to produce 86 kilowatts.
Retail jewellery sales fell during the last quarter of 2018, while polished prices continued to decline into the beginning of 2019.
The diversified miner's CEO Mark Cutifani earned $72,000 per day last year.
The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 companies, is setting an independent panel of experts to develope a global standard for tailings facilities to be enforced to its members.
The miner said it was still investigating the incident, as was the state's mines safety inspector, which involved a personnel carrier and a grading vehicle last Wednesday.
De Beers has invested in a synthetic diamond factory in the U.S. state of Oregon, which should produce more than half a million rough carats a year in 2020.
No degree of financial performance is worth a life.
The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.
Big mining has remained stubbornly focused on shareholder returns, rather than spending on acquisitions and big-ticket projects.
The layoffs were necessary to combat rising costs at the mine, Anglo American said in a statement.