The Russian miner wants to recover $271 million it lost when a state-backed company failed to complete the acquisition of a 50% stake in its Nkomati mine in South Africa.
Europe Mining News
The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.
The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.
The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.
Miners have begun spending in equipment again, the Swedish firm's results show.
Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.
The miner had to put its plans on hold because the Police Service of Northern Ireland said it cannot secure daily anti-terrorism cover for its blasting operations at Omagh gold mine.
They're pressing the company not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.
A family-run Yorkshire firm has just dispatched its largest order – nearly three miles of hoses to a diamond mine in Angola.
The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.
Production for the first three months of the year slumped 37% compared with the same period of 2016.
The new Metso N-Series Mobile Shear/Baler/Logger (NMS) and N-Series Box Shear (NBS) have been developed with active and mobile scrap processing companies in mind.
The Finnish industrial machinery company presented its new digital platform Metso Metrics Services at CONEXPO-CON/AGG 2017 in Las Vegas
Burning coal, oil, and natural gas is responsible for two-thirds of humanity’s emissions of greenhouse gases, and yet provides more than 20% of GDP in two dozen nations.
The phrase “Zero Harm” is a widely used strapline throughout the mining industry as we try to combat having reached, statistically at least, a safety plateau.
The new plant, to be based at the Karabil potash deposit, is estimated to be worth about $1.4 billion.
Western Potash said it’s moving ahead with its Milestone project, expected to produce 146,000 tonnes of potash annually over 12 years of planned operations.
The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.
The estimated value of the bars is of $1.4 million
The latest chapter in the Simandou case.
The company is also said to be mulling a number of investment projects involving a Chinese chemical company.
They have found valuable minerals atop an underwater mountain, which is basically a huge flat-topped mound of some of the scarcest materials on Earth.
Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.
New report says despite a slowdown in China, falling mine production will push lead prices higher over the next five years.
EuroChem Group AG, a leading global fertilizer company headquartered in Zug, Switzerland, has selected Veolia Water Technologies’ proven HPD® crystallization technology for its VolgaKaliy Mine Expansion project in Russia’s Volgograd region.