Vale aims to boost nickel production by 70%
The company will divest its New Caledonia operation, eyes Indonesia for expansion.
Cecilia Jamasmie , Editor-in-Chief
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Firestone Diamonds’ Liqhobong mine back at full tilt as power returns
Processing was halted from Oct.1 to Oct. 26, when diesel generators were commissioned. The plant then operated at between 80% and 90% capacity throughout November.
2020 renewables use spike not enough to meet climate change goals
According to The Economist Intelligence Unit, global energy consumption from renewables will jump by 14% next year, yet not enough to solve a climate crisis.
Centamin rebuffs $1.9 billion takeover bid from Endeavour Mining
Egypt-focused Centamin said the proposal did not offer enough value its shareholders.
Danakali secures $50 million investment from Africa Finance Corporation
The funds will allow the miner to speed up development of its world-class Colluli sulphate of project (SOP) in Eritrea.
Kinross Gold sells royalty portfolio to Maverix Metals for $74m
The deal involves 25 precious metals royalties and a number of early stage development and exploration projects.
Zijin Mining buys Canada’s Continental Gold in $1 billion deal
The deal would give China’s No.1 gold producer access to the Buriticá gold project in Colombia, expected to begin production next year.
Two members of Vale’s board step down in connection to deadly dam disaster
The two executives are Marcio Hamilton Ferreira, chair of the finance committee, and Marcelo Augusto Dutra, who leads the compliance committee.
Codelco to cut spending by $8bn through 2028 as profit halves
The world's largest copper miner saw pre-tax earnings to September fall by 57% due to heavy rains, strikes and lower metal prices.
Lucara bets on diamond market recovery, plans mine expansion
The company has earmarked $53 million for early work on a planned underground mine at Karowe. A final investment decision will be made in the second half of 2020.
Lundin Mining to sell Eagle mine to Talon for $84M
Share-based deal gives Talon processing assets in the US and a new CEO, while Lundin sharpens its focus on larger copper operations.
