Petra Diamonds rallies on revenue growth, record output
Revenue for the quarter ended March 31 climbed 44% to $172 million, while production jumped 20% to a record quarterly volume of 1,194,947 carats.
Cecilia Jamasmie , Editor-in-Chief
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DRC miners hopeful new code issues can be resolved
They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.
Newcrest plan to dump tailings in old Cadia open pit approved
The use of the pit as a tailing storage facility means the miner will sacrifice remaining gold and copper reserves to help it return to full production after a dam collapse halted operations at the underground mine complex.
HSBC pulls the plug on coal
Europe’s largest bank won’t fund new coal power plants, oil sands and arctic drilling, except in Bangladesh, Indonesia and Vietnam.
World’s top diamond producer first-quarter output hit by mine accident
Alrosa's production fell by 17% in the first three months of the year mainly due to the halt of its Mir underground mine and lower-grade ores processed from the Jubilee pipe.
Canada’s Copper Mountain grabs Altona Mining in $72-million deal
Merger creates a mid-sized copper miner, with an expected annual production of about 73,000 tonnes of the metal.
De Beers launches Sierra Leone-based pilot to remove ‘conflict diamonds’ from the market
The world’s top diamond miner will train artisanal and small-scale miners and provide them with tablets as well as a diamond “toolkit” to digitally track their stones throughout the supply chain.
Embattled Acacia Mining keeps losing money due to Tanzania tax row
Revenue in the first quarter slumped almost 50% due mainly to reduced operations at its flagship Bulyanhulu gold mine.
Impact of electric cars in medium-term copper demand ‘overrated’, experts say
Increasing disposable income in emerging economies and the adoption of greener technologies, are the two factors to drive most of the expected increased demand in copper during the next five years.
Copper supply crunch earlier than predicted — experts
Copper production will peak in the second half of 2019, making a growing supply deficit much more real.
Newmont eyes 5M-ounce boost from Lihir gold mine
Management noted progress in growth projects, including regulatory approvals for Red Chris, and Cadia resuming production.