World’s largest copper mine output, profit plummeted in Q1
Chile’s Escondida produced 265,597 tonnes in the period, or 23% less than the 347.125 tonnes it generated in Q1 2015.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Rio Tinto exits PNG, gives away copper-gold mine with $51bn in reserves
Decision follows a company review of the asset that was triggered by the Bouganville government’s pressure to restart mining at Panguna or give it up.
Newmont selling Indonesian unit for $1.3 billion
With the sale, Newmont is offloading its Batu Hijau mine, Indonesia’s the second-biggest copper and gold operation.
Despite the hype world’s second-largest diamond ever found fails to sell
Canada's Lucara Diamond, the company that found the massive gem, said it will keep it as bids fell short of the minimum reserve price.
Kinross eyes expansions at its new gold mines in Nevada
Kinross, which operates two mines in Russia and also owns the problem-plagued Tasiast operation in Mauritania, seeks to strengthen its portfolio in North America.
Latin America the world’s most dangerous place for environmental activists
More environmentalists were murdered in Latin America in 2015 than anywhere else in the world, with anti-mining causes claiming the most lives, a report by Global Witness shows.
Gold builds on gains, heads for best first-half in more than 40 years
Analysts believe there is a strong probability gold will move above $1,340 towards resistance near $1,580 an ounce.
World’s largest diamond found in 100 years goes under the hammer
CEO of Lucara Diamond, the company that found it, is urging the potential buyer to leave it untouched.
These five coal miners spent $95 million on lobbying before going bankrupt
Report claims that Walter Energy, Patriot Coal, Alpha Natural Resources, Arch Coal and Peabody Energy also allocated more than half a billion dollars for top executives salaries in decade before going bankrupt.
Copper is soaring, hits 7-week high
Thanks in part to a weak US dollar and the chance of monetary policy easing in China, responsible for nearly half of global metals demand.
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.
