Revenue from energy and mining is expected to drop from $1.1 billion in 2018-19 to $861 million by 2020-21.
Copper Mining News
Wetlands have been dried out, the environment has been damaged, for the salt flat and for local communities, it is already too late.
Is copper finally about to break up out of its well-trodden seven-month range?
No degree of financial performance is worth a life.
Ernst & Young’s Canadian Mining Eye index, which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior miners — dropped 2% in the last quarter of 2018.
The company recorded a $52.8 million fourth quarter loss in adjusted EBITDA.
With a 5.5% zinc equivalent cut-off, indicated resources in the Key Anacon Main and Titan zones total 2.0 million tonnes grading 5.77% zinc, 2.38% lead, 0.22% copper, and 68.90 g/t silver.
The Lalor mine will then be joining the ranks of primary gold producers as one of the lowest sustaining costs in the industry.
At market close Wednesday, Northern Dynasty's shares were up over 12%, and gained another 7% in after-hours trading.
BHP, Anglo American touch one-year highs.
The tax demand from the British authorities is linked to transfer pricing
“They have so much cash they don’t know what to do with it. We’re glad that they are giving it back.”
The mayor of the town of Jerico had ordered a suspension of the work in January after the council voted late last year to ban mining in the area.
Australia’s largest gold producer has signed an option and farm-in agreement with Toronto-listed Cornerstone Capital Resources over two early stage projects in Ecuador.
According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region's favourable climate conditions.
The mining and trading giant will cap its production of thermal and coking coal at about 150m tonnes per year, close to its planned output level for 2019.
The gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.
Operations are being suspended while a feasibility study is conducted on building two processing facilities to treat ores at the site.
This is not the first time the Chilean watchdog has fined Lumina.
The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.
Toronto-based private-equity firm Waterton Global Resource Management is pushing for an overhaul of Hudbay Minerals’ board and the exit of the CEO, Alan Hair, over alleged "mismanagement."
CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.
The new police unit has already had some success, arresting 11 people and seizing about 60 tons of mineral stolen from the copper mines.
Big mining has remained stubbornly focused on shareholder returns, rather than spending on acquisitions and big-ticket projects.
Indonesia forecast copper concentrate exports to drop to 200,000 tonnes in 2019 from about 1.2 million tonnes last year.