Pandora cuts expected revenue from 7 to 10 per cent to 4 to 7 percent.
Europe Mining News
For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business.
Pan Global’s subsidiary Minera Águilas has received the necessary permits to start its exploration campaign on the first two sections of the Águilas project.
Imports of jewelry, precious metals and stone products would be under the microscope.
Shares down by a third after London-listed miner pays $900m for Russian copper project that will take another $5.5 billion to build.
Kinross Gold Corp said on Wednesday it was "pausing" expansion work at its Tasiast gold mine in Mauritania after a government request for talks to improve the country's economic benefits from the miner's activities.
Given that most of the high-economic diamond deposits in the world have already been put into production, diluted via expansion, or depleted, going forward the economics of diamond mines will inevitably gravitate towards higher-cost, lower-value operations.
EU antitrust regulators on Wednesday voiced concerns about German Wieland's bid for copper smelter Aurubis' flat-rolled products business, saying the deal may hurt competition.
The London Metal Exchange (LME) launched on Wednesday a consultation to trial in the first quarter of next year the use of its electronic system to determine closing prices of the three-month nickel contract instead of open outcry.
They were said to be investigating a private Russian security company operating in CAR as well as Russia’s interests in the local diamond, gold and uranium sectors.
Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.
Glencore is the world’s No. 1 cobalt miner, while Congo is the largest producer of the key component for batteries that power electric vehicles.
Silverstream valuation had an adverse effect on profit before income tax, which came down 16.6% to $323 million.
Turkey was looking to boost its trade with West Africa and sub-Saharan countries, where there is demand for the less capital-intensive steel products.
Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.
The head of the Thyssenkrupp foundation ruled out a break-up of the German steel-to-submarines conglomerate.
The vote began on Saturday and will continue through the middle of next week.
They are demanding hazard pay for subcontractors.
Believed to be the UK's largest.
The Vancouver-based miner said that the expected growth would be driven by Kisladag, its flagship gold mine in Turkey.
A unit of British oil major BP PLC will acquire BHP's unit which holds the Eagle Ford, Haynesville and Permian assets for $10.5 billion.
The president of Peru’s National Society of Mining, Petroleum, and Energy said the project will create 9,000 jobs during its construction phase and additional 2,500 once it goes into production.
Canada's Lundin Mining Corp said Chief Executive Officer Paul Conibear is retiring and also reported a 3 percent rise in second-quarter profit on Wednesday.
Production in the second-quarter of the year jumped 6.1% to 163,200 tonnes, as higher output at its Centinela and Antucoya mines mitigated declines at Los Pelambres and Zaldívar.
This investment will greatly impact the company’s operations in the U.S. and drive Liebherr’s strategy for long-term growth. With shovels in hand, Mrs. Sophie Albrecht, Jan Liebherr, Newport News Mayor McKinley Price, Managing Directors of Liebherr USA, Co., its building partners and government officials broke ground during the ceremony.