Runaway train wreck, copper outages cost BHP $600 million
Three incidents occurred during the second half of 2018 hit BHP's production volumes by 4 million tonnes of iron ore and 70,000 tonnes of copper.
Cecilia Jamasmie , Editor-in-Chief
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Barrick mulls selling Zambia copper mine over higher taxes
While company denied media reports that it had sold Lumwana, it said that given the challenging conditions the mine was facing in Zambia, all options would have to be considered.
American Lithium adds vanadium asset to Nevada’s projects mix
Canadian junior has agreed to buy Alaska Nevada Mining’s 100% interest in the Extinction Ridge vanadium project in Nevada, USA.
BHP said to owe $215m in underpaid iron ore royalties to Western Australia
State claims BHP used its wholly-owned Singapore marketing hub subsidiary to understate the price of iron ore sold Japan and China buyers.
Australia’s MOD rebuffs Sandfire’s $63m takeover bid, but willing to negotiate
MOD also said it would raise about A$15 million via a share placement and rights issue, with the majority of the proceeds to be used to advance the T3 copper project in Botswana towards production.
China Moly ups stake in giant Tenke copper mine to 80%
Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017.
Brazilian general with mining ties to solve industry-indigenous disputes
General Franklimberg Ribeiro de Freitas’s return to the country’s Indigenous Rights Agency (Funai) is seen by many as positive, as the agency has lost funding and authority on land issues.
China’s slowdown is miners’ single biggest fear this year — report
Based on answers from 51 senior executives, lawyers White & Case say that trade tensions are the second largest challenge for the mining industry in 2019 and reveal what the underlying full-picture looks like.
Cornish secures further funding to build lithium mine in UK
The funds will enable the company to expand activities in south-west England and to drill exploratory boreholes to extract samples of lithium-bearing brines.
Avesoro Resources shares jump after exceeding 2018 gold production target
Avesoro’s annual production jumped by 15% to 220,458 ounces of gold compared with 2017, with its New Liberty mine in Liberia alone churning out 109,107 ounces.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
