BHP, Vale to reopen Samarco mine later this year
They have already taken the first steps towards resuming activity, applying for permission to use old mining pits to store tailings.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Death toll at Glencore’s Katanga mine in Congo climbs to 3
The casualties were carrying out maintenance at the bottom of the 250-metre pit.
BHP’s $14 billion Jansen potash becomes latest victim of commodities rout
BHP has cut $130 million from this year's planned $330 million capital expenditure to develop and study the feasibility of the project.
Congo government urged to pass new mining code
Group of 42 Congolese non-governmental organizations (NGOs) say difficult market conditions do not justify further delays.
First Quantum sells nickel-copper-platinum mine in Finland for $712 million
Swedish mining and smelting company Boliden AB will pay cash for Kevitsa mine.
KGHM, Sumitomo face fine, licence withdrawal over environmental breaches in Chile
The infractions include not implementing measures to control emissions, altering the natural habitat for native wildlife, and operating a tailings dam in an unauthorized fashion.
Gold prices hit by profit taking, stronger dollar
Spot gold was last down $8.40 at $1,254.10 an ounce in New York, having hit a three-day low earlier in the session at $1,251.83 an ounce.
MMG swings to loss and books $784 million write down
The overseas unit of China’s largest state-owned copper and zinc producer is the latest victim of a sustained rout in metal prices.
World’s second-largest diamond to go under the hammer uncut
The rock, discovered by Lucara in Botswana last year, is second in size only to the Cullinan diamond in the British Crown jewels.
Vale-Fortescue iron ore pact a win-win deal — analysts
Long-term, the deal could be viewed as the first step of a more disciplined approach to iron ore supply by aligning two of the world’s “big four” producers of the commodity.
First Quantum credit outlook improves on Cobre Panama progress
S&P has revised the miner’s rating to positive from negative on improved liquidity and a likely 2026 restart of its key copper mine.
