Anglo American’s diamond unit takes sparkle away from results
Output from its De Beers unit dropped 14% amid weaker demand and lower prices.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Vale faces investors lawsuit linked to Brumadinho dam burst
Nearly 25 asset management firms and some pension funds are seeking compensation for losses derived from Vale's plummeting share price since the disaster.
Fresnillo cuts 2019 production, cites challenging times
The miner blamed lower-than-expected ore grades and delays in construction at one of its gold mines in Mexico for the output drop.
Acacia hit by fresh roadblock in Tanzania ahead of Barrick’s bid deadline
The miner has been told to stop using North Mara's tailings storage facility on the grounds of alleged breaches of environmental rules.
Fresh opposition to Southern Copper’s billion-dollar project in Peru
Locals claim the open-pit mine will damage crops and affect water supplies.
Rio faces $1.9bn cost blowout, delays at Oyu Tolgoi
The first sustainable production is now expected between May 2022 and June 2023.
Avesoro leaves mining at its Burkina Faso gold mine in someone else’s hands
Contract awarded to Orkun Group Sarl, could ease project funding pressure on the junior.
Codelco chooses 33-year insider to replace Pizarro as CEO
Octavio Araneda will replace Nelson Pizarro at the helm of Codelco from Sept. 1.
Trump’s rejection of uranium import limits expected to boost demand
He has rejected a recommendation by the Commerce Department to require US power producers to source up to 25% of their uranium from domestic mines, creating instead a working group to review the country’s nuclear fuel supply chain.
Antofagasta, Barrick get almost $6 billion after legal win against Pakistan
World Bank tribunal rules in favour of Tethyan Copper, a joint venture between the Chilean copper miner and Canada’s gold giant after seven-year battle.
Allied Gold starts Sadiola expansion, boosts output outlook
Startup of new processing capacity sets the stage for higher grades, stronger cash flow and multi-year growth at Sadiola.
