Anglo Asian Mining back in the black as copper output doubles
Better gold prices also helped the Azerbaijan-focused miner reduced its outstanding debts and boost profit.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Yancoal seeks expansion in Hunter Valley with $710m bid for Mitsubishi’s mines
Company wants to become Australia’s largest independent coal producer.
De Beers’ Forevermark brand inscribes its 2 millionth diamond
The a 3.48 carat round brilliant, mined, cut and polished in Namibia, that now bears a ‘2,000,000’ imprinting.
Workers block access to First Majestic’s La Encantada mine in Mexico
Company said blockade was in response to a recently announced bonus offer in lieu of profit sharing.
Shell speeds up exit from oil sands, selling stake in Canadian Natural Resources
Transaction could become one of the country’s one of the biggest-ever equity sales.
Tanzania outs mining minister over alleged collusion with companies to evade taxes
Shares in gold producer Acacia Mining, one of the firms accused of eluding taxes, fell by more than 18% to 18% to 355.70 pence on the news.
China’s Zijin pays off stake in Ivanhoe’s Congo copper project
Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.
Low copper prices force Codelco to revise underground expansion of Chuquicamata
Modifications seek to simplify aspects of the project originally approved in 2010 in order to optimize mineral handling.
Dominion Diamond to seek permits for underground project at Ekati in Q3
The project, called Misery Deep, will require an investment of $6 million in 2018, $69 million in 2019 and $19 million in 2020.
BSGR may have to pay $1.2bn for no show at Simandou-related hearing
The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.
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.
