Newmont profit falls, promotes COO to President
Falling gold and copper prices hurt the miner's results for the three months to Sep. 30.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
About $5B in assets to be sold due to Barrick-Randgold merger — expert
BMO Capital Markets has flagged a total of 13 mines that could be sold following the $6-billion merger.
Antofagasta cuts copper output guidance, sees increase in 2019
Company now expects to produce between 705,000-725,000 tonnes this year, down from the earlier 705-740,000 tonnes target.
Fresnillo falls as it cuts full-year silver output guidance again
The miner, which is the world's largest primary silver producer and Mexico's second largest gold company, revised silver output guidance down to between 62 million ounces and 64.5 million ounces from a range of 64.5 million to 67.5 million earlier.
CITIC goes after Palmer’s Mineralogy over iron ore project claims
Aussie mining tycoon Clive Palmer is being sued by China’s largest conglomerate, CITIC, over his alleged “refusal” to co-operate in making more land available on a major iron ore project in Western Australia.
Caterpillar plummets after flagging tariffs-triggered high material costs
The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.
De Beers diamond production falls 5 percent in third quarter
The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.
Petra Diamonds revenue up as production, sales jump
Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compared to the same period of 2017.
Nutrien says SQM top shareholder seeking to block Tianqi deal for ‘personal benefit’
Nutrien’s executive vice-president Michael Webb, described Julio Ponce, the Chilean miner’s top shareholder and former chairman, as a “hypocrite” and urged him to “look beyond himself."
Glencore boss Ivan Glasenberg to retire in 3-5 years — report
He is said to have already begun training three to four people to succeed him in the job.
Brazil delays critical minerals areas auction
The regulator said funding shortfalls prevent it from covering the costs needed to move ahead with the tender process.
